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the economy that people live inside and feel is not better
The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).
Under George W. Bush, the household income gains were a little over $400 in eight years, and under Barack Obama the gains were $1,043. That was in eight years for each. Under Trump, in less than three years, the extra income is about three times larger.
These gains under Trump are so large in such a short period of time that I asked the Sentier Research team to triple-check the numbers. Sure enough, on each occasion, the income swing was $5,000.
This is a bonanza for the middle class, and the extra income in tens of millions of Americans' pockets is getting spent. Consumers are king in America today, and fatter wallets translate into more store sales.
willywonka saysAND, it's still Obama's economy until it's notWhat is The Wealth Effect?A 250 trillion dollar bubble of debt makes a global slowdown look good while the rich are getting richer, the economy that people live inside and feel is not better.
More quantitative easing.
Trump thinks this makes him look good.
I am rolling around like Scrooge McDuck in my money bin, filled with Trump Dollars! How shall I squander them? That's the question!Hookers, blow, porn, good steak, travel to Montreal, Thailand, Philipines. Apparently Cologne has a hooker hotel, the Pascha. https://en.m.wikipedia.org/wiki/Pascha_(brothel)
You describe low lifers, swine who will readily increase human misery to make or save a few dollars.
I am rolling around like Scrooge McDuck in my money bin, filled with Trump Dollars! How shall I squander them? That's the question!Send everything to The Mayor Pete Campaign.
THE ENTIRE FOOTBALL STADIUM CHEERED FOR PRESIDENT TRUMP
You Will Not See This on FAKE NEWS! They will be quick to show 3 anti Trump protesters
The People of Alabama & Louisiana Love President @realDonaldTrump
TRY IMPEACHING THIS! I THINK NOT!#LSUvsBAMA #BamaVsLsu pic.twitter.com/LPLNgJmDG4— Terrence K. Williams (@w_terrence) November 9, 2019
You describe low lifers, swine who will readily increase human misery to make or save a few dollars
@jazz_music No, that's false. Trump has provided very impressive returns for the median income:The median or average-income family has seen a gain of $5,003 since Trump came into office. Median family income is now (August 2019) $65,976, up from about $61,000 when he entered office (January 2017).
I am surprised that an old housing bubble skeptic would fall for a "medium income" statistic as being at all meaningful. Another poster sometime back gave some statistics and charts that were meaningful. The upper middle class has done quite well, as have the upper class, while the middle class is flat and the lower class they have gone down hill, not just under Trump.
The wealth effect is a behavioral economic theory suggesting that people spend more as the value of their assets rise. The idea is that consumers feel more financially secure and confident about their wealth when their homes or investment portfolios increase in value. They are made to feel richer, even if their income and fixed costs are the same as before.
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The Dow logged its first record since January, powered by a surge in Apple’s stock
The Dow Jones Industrial Average just marked its first intraday all-time high since January, the resumption of a record run for the blue-chip index that had taken a nearly eight-month pause.
The Dow DJIA, +0.02% on Thursday closed at about 26,657, surging past its Jan. 26 intraday record at 26,616.71 and ending the benchmark’s longest record-setting fallow period—164 trading days—since the 288-day stretch between May 2015 to July 2016, according to Dow Jones Market Data.
Both the Dow and the S&P 500 index SPX, +0.26% fell into correction territory, usually defined as a drop of at least 10% from a recent peak, on Feb. 8. But the Dow has struggled mightily to recover as briskly as its broad-market peer amid worries about trade clashes between the U.S. and China.
https://www.marketwatch.com/story/dows-first-record-since-january-powered-by-surge-in-apples-stock-2018-09-20