General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJohnny2X2X
(19,066 posts)There is nowhere to hide from the Trump Slump.
The fact is, 2017's economy was still Obama's mostly, just like W owned the 2009 economy. Trump's tax rates went into effect on January 2nd of 2018, since then it's been the worst year for investors since 1972.
YessirAtsaFact
(2,064 posts)Talk to me at 10:00 oclock
edhopper
(33,579 posts)down 450 pts.
DemocratSinceBirth
(99,710 posts)Markets fear a slowing economy, rising interest rates, and a trade war.
YessirAtsaFact
(2,064 posts)Itll be interesting to see how the day goes from here.
We could slide further downhill or have a rebound when big investors see bargains.
edhopper
(33,579 posts)but it looks like Trump will get a flat or negative year in the Market.
and Tarrif Man is doing all he can to wreck the Economy.
DemocratSinceBirth
(99,710 posts)Iliyah
(25,111 posts)ticket to a strong economy. The middle class - spending and living comfortably in doing so secures a healthy democracy alongwith a healthy bipartisan government which helps protect the country's people.
The USA has lost that edge.
riversedge
(70,214 posts)kentuck
(111,094 posts).. don't the recent fluctuations in the market seem a bit unusual?
edhopper
(33,579 posts)Trump policies. Tarrifs, trade wars, etc..
Roland99
(53,342 posts)ISM services index registers second-strongest reading in 13 years
https://www.marketwatch.com/story/ism-service-index-registers-second-strongest-reading-in-13-years-2018-12-06?mod=bnbh
Economists polled by MarketWatch expected a reading of 59.1%. Any reading above 50% indicates improving conditions.
Roland99
(53,342 posts)Factory orders fall 2.1% in October, third drop in 4 months
https://www.marketwatch.com/story/factory-orders-fall-21-in-october-third-drop-in-4-months-2018-12-06
ProfessorGAC
(65,021 posts). . .see this 4th quarter fall in orders as calendar year companies shed inventory to reduce dollars on the asset side and liabilities on the other side of the sheet.
This filters into the SCF (Statement of Cash Flow) and creates a more favorable cash position.
Then the orders pick back up after the first of the year. Typically we've seen that starting in September, so we'd be 3 months already, and the article title says 4. Not sure, absent a full dataset, whether that 4th month is meaningful or not.
Not saying it is NOT bad. Just not sure it proves much just yet.
safeinOhio
(32,676 posts)and invested in stock buy backs? That money, that was suppose to trickle down, is gone. Everyone lost on those tax cuts.