Is your argument that the President cannot influence the direction of the stock market? Your comment leads me to believe you really don't understand how the stock market works.

0 ...

Report Post

Posted by FearlessFreep

Baja Alabama

Member since Nov 2009

17378 posts

Posted on 7/10/19 at 1:49 pm to 100851

quote:
Do you honestly think that the president can control the stock market?

No, but he can certainly influence the Federal Reserve, which largely determines the Federal Funds Rate.

The poster to whom I was replying seemed to be making the case that the market's rise was due to ZIRP, and that Trump was using that policy to create an artificial rise in securities. But the actual facts were that the Fed Rate has risen significantly starting roughly a year before Trump took office, and has continued to rise steadily throughout his first term. So his claim of "More ZIRP" was, as another poster stated, disingenuous at best.

quote:
If so, why arent we at 4,000?

Personally I think the market is way overvalued, but that's just me.

1 ...

Report Post

Posted by Janky

Team Primo

Member since Jun 2011

35957 posts

Posted on 7/10/19 at 2:06 pm to FearlessFreep

The President can absolutely influence the stock market.

0 ...

Report Post

Posted by jrodLSUke

Premium

Member since Jan 2011

22314 posts

Posted on 7/10/19 at 2:25 pm to BugAC

Liberals are on record hoping the economy goes into recession. Every Democrat candidate for President wants to reverse course on the economy with higher taxes and more regulation.

0 ...

Report Post

Posted by buckeye_vol

Member since Jul 2014

35251 posts

Posted on 7/10/19 at 2:31 pm to Sentrius

quote:
and will index capital gains

Shouldn’t we index all progressive taxes (e.g., income), especially since capital gains taxes and brackets are based on income and income tax brackets whether short-term (regular income) or long-term?

This post was edited on 7/10/19 at 2:33 pm

Page 1 2