Reply to: Not yer usual DOOM thread...

[minestrone]

4 hours ago, must have read my posts...

@realDonaldTrump

The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!

[minestrone]

During a PBS town hall that aired Wednesday, Obama referenced Trump's promise to bring back jobs to the United States when talking about manufacturing.

“Well, how exactly are you going to do that? What exactly are you going to do? There’s no answer to it," Obama said.

Obama to Trump: 'What magic wand do you have?' | TheHill

…

Manufacturing jobs growing at fastest rate in 23 years - MarketWatch

[minestrone]

5 year Dow, 2 days before the election highlighted...



Trump is a bit of a moron but he is no idiot, especially on finance.

[Old Greg]

Sorry, 400 out, 18,332.74

Closing Bell, November 8, 2016 - Business Insider

Fake news! Trump won the popular vote, had the biggest inauguration crowd in history and the Dow has trebled.

[minestrone]

+.74 on the day

Based on most proxies, it appears the market is pricing in a victory by Democratic presidential nominee Hillary Clinton.

Business Insider indeed.

Dow rocketed after trump won.

[minestrone]

17,900? Is that right?

Sorry, 400 out, 18,332.74

Closing Bell, November 8, 2016 - Business Insider

[Old Greg]

Dow was 17,900 when trump won the election, it's 22,500 now.

That's a 25% return in 2 years.

17,900? Is that right?

[greenlake]

Dow was 17,900 when trump won the election, it's 22,500 now.

That's a 25% return in 2 years.

25% in 2 years, you say....?

How’s that Bitcoin thing going Scooter?

Not bad, up 25% in the last 7 days.

[Old Greg]

Global Armageddon for investors after near £4.8 trillion wiped off world stocks in markets bloodbath

Investors have suffered a year of *Armageddon in a global assets slump that has left no corner of the market untouched.

Just under $6 trillion (£4.8 trillion) has been wiped off the value of world stocks in a *markets bloodbath that threatens to end the longest ever bull run. The rout has knocked 13pc off the FTSE 100 in 2018, the index’s worst yearly drop since the financial crisis.

A record 93pc of a wide-ranging *basket of assets – including stocks, bonds, commodities and credit – have lost value in dollar terms during a nightmare year for investors, Deutsche Bank analysts have revealed.

Reports have suggested that President Donald Trump is considering sacking US Federal Reserve chairman Jerome...

Global Armageddon for investors after near GBP4.8 trillion wiped off world stocks in markets bloodbath

Not even AMD shares holding up!

In positive news, their value has soared in BTC terms.

[minestrone]

Dow was 17,900 when trump won the election, it's 22,500 now.

That's a 25% return in 2 years.

[minestrone]

Well worth a read


The lost decade - BBC News


And they say Bitcoin is a fraud.

Worth a read

A Monetary History of the United States - Wikipedia

It got a Friedman a Nobel prize.

[scooterscot]

Well worth a read


The lost decade - BBC News

This was “quantitative easing” - the Bank creating billions of pounds worth of “new money” (not literally printing it - this was done digitally)

And they say Bitcoin is a fraud.

[minestrone]

Profit taking after the trump bounce.

[scooterscot]

Pah 13%, that's nothing. Wait until 50%.

[jamesbrown]

Gosh, the first thing I thought when they announced the nth round of QE was this should unwind seamlessly. The unofficial Fed minutes that month were hold my beer and watch this.

Still, it’s not like they invested it all in tulipcoins and Jackson Pollocks, so they’ve got some firepower in reserve.