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Trump wins in a landslide!

By willywonka follow willywonka   2019 Nov 9, 4:14am 185 views   17 comments   watch   nsfw   quote   share    


What is The Wealth Effect?

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

1   jazz_music   ignore (14)   2019 Nov 9, 11:52am     ↓ dislike (0)   quote   flag        

willywonka says
What 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.
2   Patrick   ignore (1)   2019 Nov 9, 12:01pm     ↓ dislike (0)   quote   flag        

jazz_music says
the economy that people live inside and feel is not better


@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).

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.


https://www.realclearpolitics.com/articles/2019/10/15/its_a_middle-class_boom_141497.html
3   Rin   ignore (4)   2019 Nov 9, 12:01pm     ↓ dislike (0)   quote   flag        

Trust me, a technical correction will not derail Trump.

There needs to be a full blown crash, followed by layoffs within the next 12 months of all bets are off.

Trump wins everything minus the metro areas of Boston, NYC, Philly, DC, Chicago, LA, SF, and yes, probably greater Houston as well but it's not enough carry Texas.
4   Ceffer   ignore (4)   2019 Nov 9, 12:05pm     ↓ dislike (0)   quote   flag        

I am rolling around like Scrooge McDuck in my money bin, filled with Trump Dollars! How shall I squander them? That's the question!
5   porkchopexpress   ignore (0)   2019 Nov 9, 4:08pm     ↓ dislike (0)   quote   flag        

jazz_music says
willywonka says
What 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.
AND, it's still Obama's economy until it's not
7   clambo   ignore (5)   2019 Nov 9, 4:29pm     ↓ dislike (0)   quote   flag        

Anyone with a 401K, IRA or similar will vote for Trump.

Others who have 1. no job 2. McJob 3. won't save $ are losers who will of course vote Democrat, no doubt about it.

Even some welfare queens like Trump; they see the foreigners pushing the baby strollers where they go get free medical treatments, W.I.C. etc.
8   jazz_music   ignore (14)   2019 Nov 9, 6:43pm     ↓ dislike (1)   quote   flag        

clambo says
Anyone with a 401K, IRA or similar will vote for Trump.

Others who have 1. no job 2. McJob 3. won't save $ are losers who will of course vote Democrat, no doubt about it.

Even some welfare queens like Trump; they see the foreigners pushing the baby strollers where they go get free medical treatments, W.I.C. etc.
You describe low lifers, swine who will readily increase human misery to make or save a few dollars.
9   willywonka   ignore (4)   2019 Nov 9, 6:47pm     ↓ dislike (0)   quote   flag        

Ceffer says
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)
10   HeadSet   ignore (3)   2019 Nov 9, 7:02pm     ↓ dislike (0)   quote   flag        

I am rolling around like Scrooge McDuck in my money bin, filled with Trump Dollars! How shall I squander them?

Invest in the Headset Hedge Fund. It uses a proven investment strategy know as "churn."
11   Shaman   ignore (2)   2019 Nov 9, 7:08pm     ↓ dislike (0)   quote   flag        

jazz_music says
You describe low lifers, swine who will readily increase human misery to make or save a few dollars.


So people who work and save their money are low lifes who increase human misery?
Wrong. People who work produce the life you live, the goods you buy, the food you eat, and the amenities and culture you use. People who sit around waiting for a handout from the government are the low lifes who help nobody but themselves. Take that, you old communist!
12   willywonka   ignore (4)   2019 Nov 9, 7:11pm     ↓ dislike (0)   quote   flag        

Ceffer says
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.
13   TrumpingTits   ignore (3)   2019 Nov 9, 7:24pm     ↓ dislike (0)   quote   flag        

jazz_music says
More quantitative easing.


...which you had ZERO problem with when that happened under Obama.
14   NoCoupForYou   ignore (5)   2019 Nov 9, 7:53pm     ↓ dislike (0)   quote   flag        

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



And probably the slashing of the infant angry Trump Balloon will get coverage. That's the Demmedia
15   WookieMan   ignore (5)   2019 Nov 10, 6:33am     ↓ dislike (0)   quote   flag        

jazz_music says
You describe low lifers, swine who will readily increase human misery to make or save a few dollars

What are you talking about? Seriously? Quigley touches on it, but are you that jaded to be upset about anyone that makes money?

My wife and I are having our best year ever financially. Do you know what we pay in federal and state income taxes? You'd be singing a different song if you were in this position, filing taxes and looking at that abortion of a number that my fucking family pays in taxes. And knowing full well that half the people in this fucking country don't pay a god damn dime and 50% of that crowd is actually taking money intentionally because they're bums.

The work my wife does (herself) employs fucking 16 people ALL making over $50k. Sure she makes each owner $500k/yr, but who cares? Life is good. At the end of the day she feels amazing knowing she can provide so much for her family let alone 16 others!! Right or left, the blame game needs to stop against the people that earned the $$$ they worked for.
16   rdm   ignore (3)   2019 Nov 10, 8:25am     ↓ dislike (0)   quote   flag        

Patrick says
@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.
17   WookieMan   ignore (5)   2019 Nov 10, 8:53am     ↓ dislike (0)   quote   flag        

rdm says
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.

Please explain what you're talking about??? Median income is a pretty basic stat. It's not exact, but that person in the middle is now making more money. What are you trying to prove? If the rich are making more money, then they stay rich, it'd not going to swing the median.

The fact remains that lower class people have no motivation to make more money. They can survive just fine off the welfare state. You need to explain what people are doing worse off. I'm not seeing it.

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