Politics

[Wishfulthinker580]

Pardon my economic ignorance but would it not be more impressive for the market to reach record highs with low inflation instead of high?

 

[Red Leg]

Pardon my economic ignorance but would it not be more impressive for the market to reach record highs with low inflation instead of high?

Another of these pesky statistics, but review this with respect to current inflation. It is why the "economy stupid" argument has started to fade and why the Trump campaign has pivoted so strongly to immigration and Haitians eating cats.

Current US Inflation Rates: 2000-2024

The annual inflation rate for the United States was 2.5% for the 12 months ending August, compared to the previous rate increase of 2.9%, according to U.S. Labor Department data published on September 11, 2024. The next inflation update is scheduled for release on October 10 at 8:30 a.m. ET...

www.usinflationcalculator.com

 

[WAB]

Pardon my economic ignorance but would it not be more impressive for the market to reach record highs with low inflation instead of high?

There you go with that logic stuff…

 

[ActionBob]

My point was if a 30K Dow was a sign of great accomplishment and great economy for Trump (his words), then a 41.6K Dow is the same for Biden.

Fed is lowering the rates due to positive economic indicators.

It does make one wonder just where would the Stock Market be if Trump had been President this past 3.5 years?

Would the Fed need to be lowering rates? Would they ever have increased rates the way they did to temper the inflation created by Bidenomics?

It boggles the mind to think through how the World is different because of the Biden Administration's stubborn desire to change everything.

I seriously doubt Russia would have invaded Ukraine and if it had, certainly more decisive decisions would have come out of the White house and I feel more would have been done to stop it before it started.

No way would Iran's economy have been boosted and turned loose. Very likely the Abraham Accords would have been finished. . Really doubt the Middle East would be on fire.

What might have happened regarding the despot in North Korea? Would that country be joining an evil axis power with China (perhaps), Iran and Russia? Who knows but Trump was at least communicating with him.

Pretty sure the Afghanistan withdrawal would have happened but been managed properly. Our best night vision and sniper equipment would not be making its way to all sorts of nefarious characters World wide. Not to mention how that ineptitude and weakness emboldened all our rivals.

Quite sure the Federal Government would not have spent those last Trillions creating more inflation. Without that inflation, there would have been no interest rate hikes. Housing would likely be going gangbusters.. Might even have cut off a lot of the incentives for people to NOT work so perhaps we'd have a more respectable worker participation rate and less welfare. We would definitely not have been inundated with all these illegal immigrants!

We would very likely be the dominant oil and overal energy producer in the World.

So where does that point the Stock market? Personally I don't care all that much. I'd much prefer an economy based on real production rather than overzealous government spending and a heavily subsidized unrealistic energy policy. It may well employ a hell of a lot of engineers, construction workers and technicians in this new energy sector. Does that mean it is good for the overall economy compared to letting markets find their natural way?

And now what happens if Harris is elected? Actual World War III breaks out? Maybe, maybe not... But does China move into a stronger, unfettered position, likely. Does the Axis Alliance of China, Russia, Iran and North Korea gain strength? Where do other countries allign? India, Brazil, and South Africa are allready in an Economic alliance with China and Russia.

Does she get her way on a Tax and Spend policy leading to higher inflation and higher interest rates?

 

[Brent in Az]

 

[LivingTheDream]

Fed is lowering the rates due to positive economic indicators.

I think positive inflation data, they are lowering rate because the economy is slowing.

 

[Brent in Az]

A pipeline has exploded and is on fire in a Houston suburb. Evacuations in progress.

 

[ActionBob]

A pipeline has exploded and is on fire in a Houston suburb. Evacuations in progress.

SUV hit a valve, at least 2 homes damaged apparently by fire.

ABC News is also reporting that the driver of the SUV has an Uncles Cousin who knows someone who has a neighbor with a Trump 2024 sign in their yard..... so it is obviously Trump's fault

 

[freefall]

Orange Man Bad!!

 

[Inline6]

My point was if a 30K Dow was a sign of great accomplishment and great economy for Trump (his words), then a 41.6K Dow is the same for Biden.

Fed is lowering the rates due to positive economic indicators.

I would argue they are cutting the rate due to an election. Yes I know that it is "separate"...

$100 in 2017 was worth 110.55 in 2021. Cumulative inflation of 10.55%
$100 in 2021 is worth 116.17 in 2024. Cumulative inflation of 16.17%.

Dow was 30K in 2021 and 41.6K today a 38.7% increase. I’d call it a win at more than double the inflation numbers.

I'm not the best with money, they way you explain it seems a little different than I understand it. 100.00 in 2017 can only buy 89.45 in 2021. 100 in 2021 can only buy 83.83 in 2024. I'm not an economics major, I could have something wrong.