Each of the major U.S. stock indexes closed Wednesday at record highs.
If this topic comes up during the Biden Trump debates, wonder what Trump will have
to say.
If you think Biden and his Bidenomics are responsible for this then you are sadly mistaken. Originally Posted by golferguy55I'm calling bull shit on that Golfer Guy. When price levels rise, then shouldn't share indices rise too? And who can you credit more than Joe Biden and Bidenomics for the 20% cumulative inflation since he took office? The market has performed exceptionally well under Biden, rebounding from the dark days of COVID!
Would you like to expound on that statement please.
To what do you credit with the results? Originally Posted by txdot-guy
Jerome Powell and the federal reserve. And Tiny you can call BS until the cows come home but me do think that some of you frequent posters who seem to live on this site need to get a better picture of how this all works. Originally Posted by golferguy55You don’t have a very good eye for sarcasm Golfer Guy. I strongly agreed with you, although I might not give as much credit to the Fed as you do. The cut in the federal corporate income tax rate from 35% to 21% in 2018 certainly helped. You can point to American business, American workers, the rule of law, corporate earnings, free markets, technology and animal spirits as well.
You don’t have a very good eye for sarcasm Golfer Guy. I strongly agreed with you. Originally Posted by Tiny
My portfolio made $$ during the Trump era just as it has during the Biden era and I attribute more to having one hell of a broker. Originally Posted by golferguy55The stock market went up under both presidents but for different reasons. Your broker is probably pretty good. The stock market is going in one direction basically. A really good broker can make money when the markets are going up or down.
Would you like to expound on that statement please.Markets are going up under Biden for two reasons, Bidenomics is working and investors(institutional traders) are buying AI stocks right now. The Gov partnered with Microsoft to make new plant in Wisc for AI research.
To what do you credit with the results? Originally Posted by txdot-guy
Each of the major U.S. stock indexes closed Wednesday at record highs. Originally Posted by VitaManYes, indeed. And how very impressive!
Too bad the wages of the workingman didn't keep up with inflation though.Yeah! But why stop there? Let's go for the full monty!
Just a hunch, but I'm guessing that's why polls show that Joey's approval rating is hovering around the 40% or even sub-40% level.
Biden hasn't done as well as Robert Mugabe in Zimbabwe and the Kirchner's in Argentina. They presided over increases in share prices that make the performance of our indices look pretty anemic. But give Biden time, he might just match them assuming he gets a second term and the Elizabeth Warren/Bernie Sanders/AOC wing of the Democratic Party takes control of Congress. Originally Posted by Tiny