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Message
US Economic Confidence at Highest level Gallup Has ever recorded
Posted on 12/21/16 at 11:51 am
Posted on 12/21/16 at 11:51 am
Trumphoria
Gallup
quote:
Gallup’s U.S. Economic Confidence Index has never been higher than it is today. The “Trumphoria” that has gripped the nation ever since Donald Trump’s miraculous victory on election night shows no signs of letting up. Tens of millions of Americans that were deeply troubled by Barack Obama’s policies over the last eight years are feeling optimistic about the future for the first time in a very long time. And it is hard to blame them, because what we have already seen happen since November 8th is nothing short of extraordinary. The stock market keeps hitting record high after record high, the U.S. dollar is now the strongest that it has been in 14 years, and CEOs are personally promising Trump that they will bring jobs back to the United States. These are things worth getting excited about, and so it makes perfect sense that Gallup’s U.S. Economic Confidence Index has now risen to the highest level that Gallup has ever seen…
Gallup
This post was edited on 12/21/16 at 11:55 am
11
Posted on 12/21/16 at 11:52 am to muttenstein
Thanks Trump
Posted on 12/21/16 at 11:53 am to papasmurf1269
But he is literally Hitler and is going to commit mass genocide!!
Posted on 12/21/16 at 11:54 am to papasmurf1269
quote:
Thanks Trump
Can't be Trump. They said he would kill the US economy and with it kill the world economy. It must be Obama's policies finally maturing
Posted on 12/21/16 at 11:55 am to muttenstein
Obama and Crooked Hillary will melt with more BS lies that Trump is a racist and RUSSIA!
Posted on 12/21/16 at 11:56 am to WorkinDawg
quote:
Can't be Trump. They said he would kill the US economy and with it kill the world economy. It must be Obama's policies finally maturing
is it possible it's both?
Posted on 12/21/16 at 11:56 am to muttenstein
LITERALLY HITLER!!!!!!
Posted on 12/21/16 at 12:00 pm to gamatt53
quote:
Can't be Trump. They said he would kill the US economy and with it kill the world economy. It must be Obama's policies finally maturing
is it possible it's both?
No
Posted on 12/21/16 at 12:01 pm to gamatt53
quote:nope. If they haven't worked in the last seven years and 11 months then they aren't gonna start working now for Obama
is it possible it's both?
Posted on 12/21/16 at 12:03 pm to muttenstein
So much winning and Trump has not yet taken office.
Posted on 12/21/16 at 12:04 pm to muttenstein
I JUST read an article on CBS that said the stock market rally was nothing more than just like the one Coolidge had and was a precurser to another Depression.
Those stupid bastards the media will never learn.
Those stupid bastards the media will never learn.
Posted on 12/21/16 at 12:08 pm to muttenstein
Well good. Lower corporate taxes (if implemented) should be beneficial.
At the same time, independent of the government, there have been some promising economic indicators for sometime (record job openings going unfilled). So it should have been high anyways.
At the same time, independent of the government, there have been some promising economic indicators for sometime (record job openings going unfilled). So it should have been high anyways.
Posted on 12/21/16 at 12:09 pm to bamarep
That does happen before a crash though. And it should crash. It should have a long time ago. Central banks have kept it up with the QEs.
That isn't to say that they are correct in their statements though.
That isn't to say that they are correct in their statements though.
Posted on 12/21/16 at 12:10 pm to WorkinDawg
quote:
is it possible it's both?
No
ok nice explanation. Something caused the Dow to jump from sub 8000 to 18000 just like something caused the jump from 18000 to over 20000. Posted on 12/21/16 at 12:11 pm to papasmurf1269
quote:
is it possible it's both?
nope. If they haven't worked in the last seven years and 11 months then they aren't gonna start working now for Obama
Barry's solution was to make sure the factory worker knew "those jobs are gone and the aren't coming back".
Trumps solution was to find out why companies would leave the US and fix the incentive to do so. What a novel, and business like, approach.
Posted on 12/21/16 at 12:17 pm to gamatt53
quote:
ok nice explanation. Something caused the Dow to jump from sub 8000 to 18000 just like something caused the jump from 18000 to over 20000.
We're talking about economic confidence, not DOW, right? Why would a 2K jump in DOW cause a confidence spike that a 10K jump didn't? Answer that question and you'll have your answer.
PS- QE is the largest factor sustaining the DOW. It will be corrected at some point. The initial jump happened simply because the entire western world didn't go belly-up.
Posted on 12/21/16 at 12:32 pm to WorkinDawg
quote:
They said he would kill the US economy and with it kill the world economy. It must be Obama's policies finally maturing
The difference between Trump and Obama - Obama was Hope and Change. Trump is about Hope and Greenbacks.
There is a difference.
Posted on 12/21/16 at 12:49 pm to muttenstein
More like Obamas policies are setting in and the economy is finally recovering from the bush disaster.
Posted on 12/21/16 at 12:51 pm to muttenstein
Those retired and soon to be retired are loving this. Either they are in stocks, and their portfolio is zooming, or they have individual bonds, and the future shows increased returns on these bonds when they roll over.
There has been a lot of anxiety in this group for years because they have had to stay in riskier assets to get some reasonable returns. Now they can cut back on the risk AND see a bit more reasonable retirement income. The long nightmare appears to be over.
Long story short... they are partying in The Villages.
There has been a lot of anxiety in this group for years because they have had to stay in riskier assets to get some reasonable returns. Now they can cut back on the risk AND see a bit more reasonable retirement income. The long nightmare appears to be over.
Long story short... they are partying in The Villages.
Posted on 12/21/16 at 12:51 pm to muttenstein
No surprise there. American industrialists and financiers from Henry Ford to Prescott Bush and Joe Kennedy were euphoric when Hitler rose to power.
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