6 ms·
theres a lot of reasons for someone to look at both what and how trump is approaching this, and rationally come away less-than-enthused: 1. Poor execution & pe
by awinder 7y ago
theres a lot of reasons for someone to look at both what and how trump is approaching this, and rationally come away less-than-enthused:
1. Poor execution & personnel at odds with each other leaking play-by-play details has led to a lot of market fluctuation and difficulty for the market to price in the "real world". Anyone exposed to this gets a first hand look at the monetary cost of this.
2. Real impacts of the tariffs felt by american manufacturing & farmers as well as american consumers. If trump wanted an extended trade war he should have been much more upfront with people & prepared to cushion it. You say it's "some tariffs" but this minimizes real household struggles.
3. General impacts of "losing the people". He's a highly polarizing leader; anywhere from beat street to wall street to pennsylvania ave, people who don't get along with others will find it very difficult to be trusted on any given issue even when they're right. This is a near-constant in life, some people manage to be a net-benefit with that attitude but it's usually by leaning on other crutches like being highly gifted. Trump isn't that person.
- rrggrr 7y agoThe facts say differently: GDP growing around 3%. US net exports up about $55b. Unemployment 50 year low. Minority unemployment record low. Non-farm payrolls up by about 3%. Business confidence (Fed Ind Businesses) highest in 45 years. (sources) https://www.whitehouse.gov/trump-administration-accomplishments/ https://www.whitehouse.gov/trump-administration-accomplishme... https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-growth-on-fire.html https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-g...
- youarewrongstfu 7y agoNone of which has anything to do with Trump's policies and, in fact, these numbers would improve if the fuckbag Republicans would all spontaneously die and leave the actual adults to their work.
- 0xDEFC0DE 7y agoDon't forget that yield curve inversion
- jtx22 7y agoIndeed, good work by the Trump admin. here.
- mikeash 7y agoContinuing the trends of the last decade.
- awinder 7y ago2018 was not a great year on the markets (regardless of feel-good business confidence in 2018), farms & manufacturing are getting killed by the tariffs. Your facts & my facts coexist in the real world.
- Fjolsvith 7y agoFarms are going to see a big turnaround after China's hog famine this next year.
- amanaplanacanal 7y agoPresidents (of both parties) like to take credit for those kinds of economic results. In reality the federal reserve and what they are doing with interest rates and the money supply is mostly responsible for economic cycling, not the president.
- rrggrr 7y agoThis is not correct. My profession put(s) me in a position to work directly with CEO's nationwide. Trump's election and his policies moved these folks to invest in people, plants and equipment. Fed policy had nothing to do with it. Believe what you will, but I'm relaying to you the ground truth.