Posted: 6/27/2018 5:21:04 PM
QUOTEWall, in all seriousness, Trump wouldn't taken the bold step to take action against China if he was concerned about the stock market. You can kiss that goodbye. When was the last time you heard him crow about the market ? That was before his actions against China. Now , his administration focuses on economic growth (and rightfully, so !! ) How can you in good conscience believe he was NOT responsible for the market increase up to this point. (Hint; Economic Expansion). Now, China tariffs have the potential to derail the economy and recent growth short-term,.... but "think" long-term... Feel free to revisit post#17
Originally Posted by Rush51:
Originally Posted by wallstreetcappers] https://finance.yahoo.com/video/trumps-trade-team-stopped-market-205500736.html I think he likes to take credit for the stock market and I have no doubt he is concerned about protecting this fake image about him being responsible for the stock market increase.
My reply was that he watches the ticker and he for sure is wanting to protect the market...he has taken credit several times and he knows that if the market goes down it will be on his dime and he for sure does not want that to happen.
All that said, he is trying to play poker with China...I dont think he is serious about a blown out trade war, I think he really believes they will back down..he has such a high opinion of himself and has been able to walk over people most of his business career that if HE takes a stance that nobody is going to get in his way. I think he is wrong and I think his thinking is backwards..this isolationist approach is stupid, you cannot abuse the world and isolate yourself and expect a good result. He is also picking and choosing what is impacted and what isnt, he is not across the board taking action on everything, that would be the sign of someone who is taking a bold stance.
Last thing...the reason the market has gone up with regard to Trump are bad reasons, they are disgusting awful reasons...so maybe he delights in this, I dunno. He takes from the poor and gives to the rich...these tax cuts will come from the other programs and with debt all to give corps more money to buy back shares. Corps have not done anything for the workers with this freebie, they have bought back historic high levels of stock and that is enriching themselves because it artificially increases EPS and thus bonuses and compensation. If Trump were interested in the common person the last thing he would do is to allow offshoring cheating money to come back as he did and line the pockets of the elite and corporations.
But the real reason the market is sky high here is all to do with interest rates and cheap debt and less to do with Trump. Remember the impact of government on the economy, the impact of Trumps actions financially is minimal, but the market thinks the environment is good for corps so let the party continue....that is until rate shock truly comes in and recession returns.