Listen, ever since 08, I've been waiting for a significant recession to occur. We limped sub 2% GDP growth under Obama, and I knew if Hillary was elected, the economy would have slipped into a severe one.
However, Trump won. He takes office, lowers taxes, etc etc and boom the economy and markets are doing great. This is really important, because this is the longest bull run of any market at any time in history. The rules state we are over due for a recession.
Now, I'm inclined to believe that covid provided us with an accelerated recession. One that should have taken a couple years, condensed into two quarters. Makes sense by the sheer amount of unemployment, shutdowns, etc. With reopening, I'm inclined to believe an equal accelerated recovery is due, and I think we are in it.
I drive around, and traffic is thicc af again. People are out, spending, housing market is the hottest its been in 20 years, construction, etc etc. So this bull run isn't ending anytime soon, so long as Trump is re-elected.
No doubt in my mind that under an Obama or Biden (Harris) administration it would have taken forever to recover the economy from Covid. These are numbers even with Dem governors in huge states dragging their feet. Only under Trump could a recovery like this even be possible!
Wonder what my buddy with severe TDS who is now a “Robinhood trader” will say about this, he’s already seen the stock market rebound.
Plus I always find his Snapchat stories funny, you know he’s up on certain days because he posts some random charts. You know when he’s down because that day we get a rant on trump and no charts hahaha
Oh I am well aware, I have seen people go down this path. He isn’t exactly at nice cars or fancy stuff but looks like he’s just gambling with his savings. Beyond being saved or being told anything so we just let him do what he does, and recently he’s shut himself out of the world because he out of nowhere got extremely paranoid of COVID-19. Definitely some mental health issues he’s dealing with, from the TDS to paranoia to whatever hit him but if he refuses help we can’t help him.
And back to what you said about day traders, these Robinhood guys don’t even do day trading the “traditional” way. Instead of putting up $100k on a stock that they expect is going to climb a couple percent that day and make an easy few thousand, they gamble on a stock they expect to rally 20% and even put money into options on top of that and usually lose the entire investment. It’s gambling, it’s not investing.
Nah, theyve been talking about the "October Surprise" for a while. This is something that couldnt have been accurately predicted from the past year. The surprise is definitely something that has been in the works, my thought is, it will have something to do with the DOJ
This isn't a great strategy for us IMO. Those numbers are insane and if that's where we set our expectations, we might be let down and otherwise fantastic numbers will be disappointing. I'm not saying it couldn't happen but we don't want to set ourselves up.
It's all smoke and mirrors anyways. The covid bullshit set us back and we are still trying to claw our way back to where we were with ridiculous barricades set up to not let it happen. The numbers are good but they aren't real, just like the threat of covid. They tried to take down the economy to hurt trump and they failed. Now it's bouncing straight back up their asses.
fake news already spinning up the "Q3 30% GDP growth rate, here is why that is bad for the economy" headline
"Why this Q3 Growth was the long game by Obama to help Biden get into office" ~CNN
CNN: The Q3 30% GDP growth rate was 30. Here's why that's actually bad for the economy. Here's what it means.
CNN: In other news, here's why the 30% GDP growth was a product of Obama's economy!
MSNBC : "The Economy Doesn't Matter and Why You Shouldn't Fear a Harris/Hiden Presidency"
Fact checkers: PANTS ON FIRE! The gdp was actually 55%, not the 30% that they purported
IMPEACH!
What kind of magic wand is this? Those are crazy numbers!
Listen, ever since 08, I've been waiting for a significant recession to occur. We limped sub 2% GDP growth under Obama, and I knew if Hillary was elected, the economy would have slipped into a severe one.
However, Trump won. He takes office, lowers taxes, etc etc and boom the economy and markets are doing great. This is really important, because this is the longest bull run of any market at any time in history. The rules state we are over due for a recession.
Now, I'm inclined to believe that covid provided us with an accelerated recession. One that should have taken a couple years, condensed into two quarters. Makes sense by the sheer amount of unemployment, shutdowns, etc. With reopening, I'm inclined to believe an equal accelerated recovery is due, and I think we are in it.
I drive around, and traffic is thicc af again. People are out, spending, housing market is the hottest its been in 20 years, construction, etc etc. So this bull run isn't ending anytime soon, so long as Trump is re-elected.
No doubt in my mind that under an Obama or Biden (Harris) administration it would have taken forever to recover the economy from Covid. These are numbers even with Dem governors in huge states dragging their feet. Only under Trump could a recovery like this even be possible!
Trump is a time traveling magician, confirmed.
Wonder what my buddy with severe TDS who is now a “Robinhood trader” will say about this, he’s already seen the stock market rebound.
Plus I always find his Snapchat stories funny, you know he’s up on certain days because he posts some random charts. You know when he’s down because that day we get a rant on trump and no charts hahaha
Oh I am well aware, I have seen people go down this path. He isn’t exactly at nice cars or fancy stuff but looks like he’s just gambling with his savings. Beyond being saved or being told anything so we just let him do what he does, and recently he’s shut himself out of the world because he out of nowhere got extremely paranoid of COVID-19. Definitely some mental health issues he’s dealing with, from the TDS to paranoia to whatever hit him but if he refuses help we can’t help him.
And back to what you said about day traders, these Robinhood guys don’t even do day trading the “traditional” way. Instead of putting up $100k on a stock that they expect is going to climb a couple percent that day and make an easy few thousand, they gamble on a stock they expect to rally 20% and even put money into options on top of that and usually lose the entire investment. It’s gambling, it’s not investing.
Nah, theyve been talking about the "October Surprise" for a while. This is something that couldnt have been accurately predicted from the past year. The surprise is definitely something that has been in the works, my thought is, it will have something to do with the DOJ
When your party doesn't need an october surprise because the normal shit you do is enough to surprise anyone
... Just waiting for the next manufactured crisis here
Expect a 3rd wave, and more shutdowns coming!
Imagine payroll taxes were suspended back when Corona was rolled out??
Or even NOW- where it turned into a bullshit deferment.
If we want to bring back jobs - we must cut the heavier portions of taxes and regs....
THAT IS TAXES FOR FUCK’S SAKE.
That is all.
"Nobel prize winning economist explains why growth rate should have been 40%."
And just like that, it was ObAmA's EcOnOmY again.
????? I thought this was still Jimmy Carter's economy
Someone will try to suppress the release for a few days until the election is over.
sadly - a TON OF DEM VOTERS ARE USING MAIL IN BALLOTS AND VOTING VERY EARLY.... THEY WILL CAST THEIR VOTE IN EARLY/MID OCTOBER...
SO CAMPAIGNS HAVE TO ADJUST.... ELECTION DAY does not exist anymore... 25-50% of votes will be mailed...
This isn't a great strategy for us IMO. Those numbers are insane and if that's where we set our expectations, we might be let down and otherwise fantastic numbers will be disappointing. I'm not saying it couldn't happen but we don't want to set ourselves up.
Plus, I want to see small business loans higher, and new business startups rising!!
It's all smoke and mirrors anyways. The covid bullshit set us back and we are still trying to claw our way back to where we were with ridiculous barricades set up to not let it happen. The numbers are good but they aren't real, just like the threat of covid. They tried to take down the economy to hurt trump and they failed. Now it's bouncing straight back up their asses.
That was Obama....
V