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In the discussion thread: Is anyone looking at Dow Jones? [View all]

Response to imanamerican63 (Original post)

Thu Mar 1, 2018, 02:54 PM

20. The Trump economy

Any incoming president inherits the economy of their predecessor for about a year thereafter. The 2000 dot-com bust was Clinton's (though the 2008 housing bust was wholly Bush). The one major exception I can think of was Obama in 2009, when it was largely his emergency policies that caused the DOW to bottom and rebound in April. Trump becoming president encouraged investors who saw him as basically being very laissez faire and committed to a major business tax cut, which investors saw (incorrectly) as Bullish.

I suspect that we'd be in a mild recession at this point even under Clinton - the market has been overvalued for a while, and a small contraction I think was baked into the cards. However, I think that Trump's effects are now factoring into the mix as well, and he's doing a very good job of turning a mild recession into a severe one.
This is the DU member formerly known as kurtcagle.

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Replies to this discussion thread
Arrow 20 replies Author Time Post
imanamerican63 Mar 2018 OP
Weed Man Mar 2018 #1
MissB Mar 2018 #2
politicaljunkie41910 Mar 2018 #3
Wellstone ruled Mar 2018 #4
Hoyt Mar 2018 #6
Watchfoxheadexplodes Mar 2018 #5
njhoneybadger Mar 2018 #7
still_one Mar 2018 #8
Loge23 Mar 2018 #9
Johnny2X2X Mar 2018 #10
old guy Mar 2018 #11
underthematrix Mar 2018 #12
cilla4progress Mar 2018 #13
bronxiteforever Mar 2018 #15
scheming daemons Mar 2018 #14
SunSeeker Mar 2018 #16
PoindexterOglethorpe Mar 2018 #18
malaise Mar 2018 #17
SCantiGOP Mar 2018 #19
LineNew Reply The Trump economy
kurtcagle Mar 2018 #20
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