Well ok the wheels one could say fell off the wagon under Reagan and Bushes but the entire wagon sunk in the mud under Mr. O. Now Mr T is excavating the entire thing and once excavated the mud covered wagon will become a museum relic for “how not to do economics” for at least a decade, maybe two. Suntrader may be hoping the museum will open in Boca Raton so he can visit daily in his retirement years and reminisce about the Mr O‘s mud sunk wagon. The hope is in all his reminiscing he will finally acknowledge that Mr T saved his retirement plan so he could sit on his porch in Boca, in his white rocking chair, drinking Stella Artois as opposed to water, if Mr T had not dug up the wagon Mr O buried. A few keywords here every good smart trader should memorize. MAGA ATH’s Bullish
And how did that work out for you in Oct 2018? Hmm? MAGA? How did it work out for you in beginning of May 2019. Hmm? ATH?
All things work out fine. You gotta have ups and downs. It is the market cycle. Requires identifying the cycle and using the right tool for the right strategy in the right cycle. Right now it is ATH’s most assuredly that will change. The question is will you change?
Nope you are. That happened under about 10 trillion added to debt. Lots and lots of quantitive easing...etc buried the wagon. Thank goodness Mr T came along to save the country economically. He is also TRYING...TRYING...TRYING... to fix the illegal problem...
https://www.businessinsider.com/trump-national-debt-deficit-compared-to-obama-bush-clinton-2019-2 In raw terms, Trump added the second-most debt of any recent president. According to the Treasury data, the US added $2.07 trillion — $2,065,536,336,472.90 to be exact — in new debt between Trump's inauguration on January 20, 2017, and February 11, when the country pushed past $22 trillion. (The US added another $2.8 billion through February 15, the latest daily figures available.) That is less than the $3.46 trillion added between Obama's inauguration in January 2009 and February 11, 2011, but it is more than the $676 billion added under Bush and the $617 billion added under Clinton in their first 752 days as president. One important difference between Trump's debt figures and Obama's is that Trump has added a massive amount of debt while the US economy has been strong, whereas Obama took over during the depths of the financial crisis. Economists typically recommend that the federal government increase spending, and thus add more debt, during times of economic struggles and then pay down that debt when the economy recovers. So while economic theory would support Obama's spending to help support the economy, Trump's recent debt binge has less support among economists. The problem with you Trumpers is that you only think you're conservatives.
The US government will always be in debt, because the Fed charges interest on the money the Gub borrows from the Fed. Seems easy enough to understand.
He will turn it around. Lots of mud on top of that wagon. Takes some $ to get it off and get it CLEANED UP. He is building the grand economic engine. To drive the economy the next decade. Mr O and Fed almost destroyed the economy imo.
Dude think out of the box. The economists are dead wrong. You increase gov spending when economy is doing good and cut back when doing bad. Said another way you ride the winners and cut the losers. In other words, you strike while it is hot. Bunch of dipsticks they are.... Ask mr tomorton here on ET. I think he scales in when market moves in his favor...