General Discussion

kentuck

(111,107 posts) Tue Dec 25, 2018, 03:20 PM Dec 2018

We are now stuck in the clutches of the Trump economy...

The Obama recovery is over.

The stock market euphoria seems to be over. It has gone from a high of over 26,000 to down to 21,000 plus. It has lost almost 5,000 points since its wild ride to the top.

Trump is now publicly criticizing the Chairman of the Fed for raising interest rates. The "Fed" is the only problem with the economy, he said.

This could be the beginning of the "chickens coming home to roost"? His dismantling of trade treaties and his one-man deals with other countries is finally affecting our economy in a most negative way. His know-it-all attitude has de-stabilized the world economy in many areas.

Unfortunately, this is only the beginning of the Trump economy. The month of December was the worst month for the stock market since the Great Depression, it has been reported.

Where does it end?

5 replies

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Highlight:

We are now stuck in the clutches of the Trump economy... (Original Post) kentuck Dec 2018 OP

And the most important thing to remember here? RUMP and his repug cohorts own it ... SWBTATTReg Dec 2018 #1

Even though the stock market is doing poorly right now, PoindexterOglethorpe Dec 2018 #2

It will end when the richest want it to end The Genealogist Dec 2018 #3

The correction will be deep and painful. I'm predicting an end around 12,000. sarcasmo Dec 2018 #4

I am thinking more of 17 or 18... quaker bill Dec 2018 #5

SWBTATTReg

(22,156 posts)

1. And the most important thing to remember here? RUMP and his repug cohorts own it ...

Reply to kentuck (Original post)

Tue Dec 25, 2018, 03:38 PM

Dec 2018

the economic morass we're finding ourselves in now. They're the one preaching about a tax cut being desperately needed (it wasn't and threw the fed. debt out of whack even more so) and all of their supposed lopsided trade issues aren't really trade issues to serious warrant the idiotic decisions made so far.

Rump mouthing off at the federal reserve (and he doesn't have the authority to fire this guy) is simply try to shift blame away from him/rump. What a moron and coward.

It ends when rump is thrown out of office, either by disgrace or when his four years is up.

PoindexterOglethorpe

(25,873 posts)

2. Even though the stock market is doing poorly right now,

Reply to kentuck (Original post)

Tue Dec 25, 2018, 03:47 PM

Dec 2018

the economy overall is doing just fine. Not perfect, but well enough. And the market will come back in time. It always does.

The Genealogist

(4,723 posts)

3. It will end when the richest want it to end

Reply to kentuck (Original post)

Tue Dec 25, 2018, 03:49 PM

Dec 2018

When they start losing money, theyll stop sending so much to their Republican lapdogss in Congress, then suddenly their lapdogs will grow a conscience and kick his ass to the curb where it belongs with the rest of the trash.

sarcasmo

(23,968 posts)

4. The correction will be deep and painful. I'm predicting an end around 12,000.

Reply to kentuck (Original post)

Tue Dec 25, 2018, 04:40 PM

Dec 2018

quaker bill

(8,224 posts)

5. I am thinking more of 17 or 18...

Reply to sarcasmo (Reply #4)

Tue Dec 25, 2018, 08:24 PM

Dec 2018

still quite ugly.

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