Increased U.S. growth and stock market gains coming. The reason? Trumponomics.

[Deleted]

If he manages to sustain the growth that would be great. But if it ends up going to the top 5%, that may not be so great for the country. It may just make living on the coasts be even more stark, when compared to the middle of the country/rural America.


This was an interesting read:

How rural America is missing out on the modern American Dream
http://money.cnn.com/2016/11/29/tech...puter-science/

I don't think Presidents can really do anything about that

I mean I like Obama, great guy and solid president -- but inequality has massively increased under his presidency

I just don't blame him for it (I blame central bank policy and just generally how capitalism works far more)

[mvaliz]

Yeah, and Sarah "the baracuda" will show everybody how tough John McCain's VP pick will be back in 2008...

...in other words: "show me, don't tell me"...especially when it comes to job growth, cus cutting billionare taxes will always lead to higherstock prices...but do jack shit for eveybody below.

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I mean I like Obama, great guy and solid president -- but inequality has massively increased under his presidency

What a complete bunch of horse shit. Stop reading Breitbart (EDIT: i thought he meant Race Inequality that Dumpsters believe, not wealth inequality. My bad...)

[Deleted]

What a complete bunch of horse shit. Stop reading Breitbart

??

Of course inequality has increased, where have you been?

http://www.bloomberg.com/news/articl...nder-his-watch

"The richest 10 percent of Americans earned a larger share of income last year than at any time since 1917"

I'm specifically saying Obama did not cause it, in fact he tried to help - there's just nothing much he could have done about it, it's a much bigger issue than who is President

[Bullettime]

Yeah, and Sarah "the baracuda" will show everybody how tough John McCain's VP pick will be back in 2008...

...in other words: "show me, don't tell me"...especially when it comes to job growth, cus cutting billionare taxes will always lead to higherstock prices...but do jack shit for eveybody below.

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What a complete bunch of horse shit. Stop reading Breitbart

Wealthy inequality HAS gone up, just not because of Obama. Stagnant wages, especially minimum, that can't be raised because of congressional and statewide gridlocks while extreme shareholder capitalism has just been running rampant.

[mvaliz]

??

Of course inequality has increased, where have you been?

http://www.bloomberg.com/news/articl...nder-his-watch

"The richest 10 percent of Americans earned a larger share of income last year than at any time since 1917"

I'm specifically saying Obama did not cause it, in fact he tried to help - there's just nothing much he could have done about it, it's a much bigger issue than who is President

Oh..wealth inequality... thought you meant the standard "race inequality" the Dumpsters believe Obama caused :P

As for Dump fixing wealth inequality: BAHAAAHhAhaaaaahaahAAaah!

Yeah, trickle down is bullshit... and, as i said above "show me, dont tell me". Cuz Repubs histoically have created a yawning chasm of wealth inequality, never shrinking it...and color me skeptical that the most selfish billionare who has screwed over millions of people so he doesn't have to pay them, and has been the least giving in charity, has ANY desire to shrink that gap...

[araine]

Going to be amusing to watch the GOP struggle to reconcile the debt ceiling with the fact they aren't remotely fiscally conservative.

The debt will explode like a car bomb in Baghdad. Massive taxcuts that are unfunded and will carve a giant hole in the budget that needs to be covered by more borrowing from China all so the rich can get some more money in the pockets that they dont need.

Really i will be laughing to hard when America in 4 years from now look on how shit is truly shit again and say i told you so. you make a bed like this you have to sleep in it, me personally i am lucky i got other citizenship so i can ditch USA when it becomes to bad for me and my family. And we will someday if the right wing idiots keep doing what they are doing.

[Annoying]

I can't find a good source on the income inequality thing. Half the sources say it got worse, the other half say it got better. Hrm.

[Bullettime]

The debt will explode like a car bomb in Baghdad. Massive taxcuts that are unfunded and will carve a giant hole in the budget that needs to be covered by more borrowing from China all so the rich can get some more money in the pockets that they dont need.

Really i will be laughing to hard when America in 4 years from now look on how shit is truly shit again and say i told you so. you make a bed like this you have to sleep in it, me personally i am lucky i got other citizenship so i can ditch USA when it becomes to bad for me and my family. And we will someday if the right wing idiots keep doing what they are doing.

Especially when Trump will be using tax payer dollars for effective bribery that solves no real issues. All Trump is doing is granting the illusion that what he's doing is amazing.

He's going to spend assloads of money bribing companies like Carrier, slashing tax funds and backing off work and environmental regulations to appease them, and they're still going to outsource the bulk of their work. They'll just keep one of their four factories still open. He's going to be "paying" more tax dollars to keep those few jobs than what tax revenue could be created by having them, all while removing safety nets and environmental regulations we NEED to avoid more issues like Flint.

It's basically a short term "fix" for a mask that will blow up in our faces down the line. it's also further proof that Trump doesn't know what he's doing, unless he's purposely trying to line the pockets of his cronies. (lol)

[araine]

??

Of course inequality has increased, where have you been?

http://www.bloomberg.com/news/articl...nder-his-watch

"The richest 10 percent of Americans earned a larger share of income last year than at any time since 1917"

I'm specifically saying Obama did not cause it, in fact he tried to help - there's just nothing much he could have done about it, it's a much bigger issue than who is President

You have a congress that is not interested if stopping trickle down economics and we will see more of the same old same old BULLSHIT that destroyed the middle class. and yet we have IDIOTS voting for that destruction, you know what if you knowingly drive at 100mph into a concrete wall you should expect to get killed and voting for more trickledown economics is that concrete wall. it is the pure definition of insanity.

You know doing the same thing over and over and expect a different result. you have tried the trickle down BS for almost 40 years and and all it has done is destroy the wages for the middle class make everything cost twice as much or more on many cases yet your income has been going DOWN to compensate it just so the rich fella can get richer. Really i hope you enjoy that crash into the wall since hopefully it will wake you up to the stupidity of trickle down economics

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Especially when Trump will be using tax payer dollars for effective bribery that solves no real issues. All Trump is doing is granting the illusion that what he's doing is amazing.

He's going to spend assloads of money bribing companies like Carrier, slashing tax funds and backing off work and environmental regulations to appease them, and they're still going to outsource the bulk of their work. They'll just keep one of their four factories still open. He's going to be "paying" more tax dollars to keep those few jobs than what tax revenue could be created by having them, all while removing safety nets and environmental regulations we NEED to avoid more issues like Flint.

It's basically a short term "fix" for a mask that will blow up in our faces down the line. it's also further proof that Trump doesn't know what he's doing.

HE has no clue on what he is doing he is so out of his league that everyone on the planet should be shared to death right now. And i have a feeling some of those jobs he gets back will be at a very very very high cost. and nothing more than a PR stunt photo op for him getting 2000 jobs from carrier while losing 150k jobs elsewhere will be called out as a see what a success by trump he got carrier to comeback. all while the rest of the economy goes into the shitter and we get back to losing private sector jobs.

You need to fix the underlaying problem if you want to fix this issue and to do that you need to punish businesses with increasing taxes on them for sending jobs overseas. only way you can fix shit in Washington is by starting to raise the damn taxes and solve the problem

[Deleted]

Yes

The reason I stay employed and am so successful is that I know how to learn from my mistakes

No one who is employed is successful. Someone owns you. A happy slave is still a slave.

For someone who keeps pushing the mens rights agenda you really need to acquire more ambition and self-respect.
No one who has to suck their boss's dick on a daily basis can ever be a true man.

[Simca]

I find it amusing to watch the left consistently claim he's going to ruin the economy because of his protectionist trade policies.

It is even more amusing to watch the right consistently claim he's going to save the economy because of his tax breaks and decreased spending when Bush promised the same and ran the economy into the ground.

The reality is that nobody has idea what will happen in the first 100 days of his presidency, and that probably includes Trump himself as he's flip-flopped on more positions than any politician who has ever run for office. Everyone pretending that they alone know the 'real' Trump and know what he's actually going to do in office is the funniest part of this thread.

[Deleted]

How dare he question society's elite?

I note how you carefully avoid attributing those billions to any personal effort of his own. Learned your lesson from the last time you tried to pretend he didn't inherit it all?

Meh, it's a common and sickening kind of subservient attitude. The US has a lot of it, groomed into obedience by corporate propaganda about how money and personal gratification is the worlds two only values.

[Thepersona]

I can't find a good source on the income inequality thing. Half the sources say it got worse, the other half say it got better. Hrm.

search for the OECD, they're a decent source. the inequality has increased in the US, and its the 3rd most unequal country in the group, after mexico and chile (yay)

[alexw]

Yes

The reason I stay employed and am so successful is that I know how to learn from my mistakes

(Yes, I was implying that you don't, and thus aren't)

To me, reality always trumps ideology, and science always trumps religion - that's why I'm an atheist, an anti-feminist, etc

----

From today:

http://www.marketwatch.com/story/tru...teid=rss&rss=1

"Barrow speculates that global growth has mostly stagnated in the aftermath of the 2008-09 financial crisis because the market didn’t put much faith in the tools, namely asset-repurchases and ultralow rates, that have been put in place by central bankers.

By contrast, Trump has proposed a raft of fiscal stimulus measures to upgrade the U.S.’s ailing infrastructure (Clinton also made similar pledges). The market now appears to be betting, in part, that the incoming leader of the free world will make good on those promises, which could in turn inject a dose of spending that could create jobs and break a trend of economic stagnation."

Yeah except this is a load of old ..........

If you knew the history of financial crises you'd understand that after one of those growth is slow and below trend for quite a while after it. In fact we are doing better than average -

[Thelin]

The denial is strong in this thread I see

The point is simple: his economic policies are a surprise hit with analysts and economists

Turns out - he was the one with the visionary economic plan, not Hillary - and now the consensus has shifted to: he was right all along

The same economists and analysts who were celebrating Hillary and mocking trump have done a complete 180

Yes because he wants to deregulate wall street and big banks. Of course they're going to love that. He wants to repeal dodd-frank which provided more over-sight to prevent what we had under bush with the bailouts.

The irony is that based on what he wants to do so far, its going to HURT the middle class more than anything else. If he ever releases his tax returns I won't be surprised to see that his companies worth has doubled from him being president.

He wants to get rid of the estate tax. I wonder why? He's going to use that as a wealth vehicle for his children. The estate tax does not hurt the middle class. His proposed tax cuts are going to do the most for the upper middle class and those who are certainly much better off. Those people in the rust belt and other rural areas are going to be in for a rude awakening when they realize they'll be no better off than what they were before.

[Uvwaex]

Why is anyone shocked rich people are happy their champion just became POTUS?

I don't think there's been a cabinet with more billionaires

[Rasulis]

The fact is that anybody that invested in mutual funds and ETFs in the last 8 years would have seen their money at least tripled or quadrupled. What is happening to the market right now is great for those people, but it does nothing to the people that the economy have left behind in the last 8 years.

[Yvaelle]

Dude, Hillary Clinton and her emails though. HILLARY CLINTON AND HER EMAILS@+_&)($

2016 was the stupidest year of the millennium, and that's saying a lot.

It's a sad day when we remember fondly the last year of our innocent vanity and Popular-Counter-Culture of the 90's.

RIP Willennium (2000).



Edit: if it's unclear, I'm nominating 2000 as the previous stupidest year - but it was an innocent stupidity in a pre-9/11 world.

[BannedForViews]

Lol. Yes what is good for wall street is good for main street. Every time share prices boomed from rocketing corporate profits via wage suppression, the average person benefited via their multi-million dollar stock portfolio's. It's 100% guaranteed to happen again this time.

Your ignorance never fails to amaze me.

[baskev]

[Note: After all the panic-mongering, I'm just amazed at the surge of optimism after Trump's election, it's rather disturbing ]

http://money.cnn.com/2016/11/29/news...conomy-stocks/



Trumponomics suddenly gets big Wall Street thumbs up

Donald Trump's economic plans are suddenly getting gold stars on Wall Street.

Big banks such as Bank of America (BAC), UBS (UBS) and HSBC (HSBC) are bumping up their predictions for U.S. growth and stock market gains. The reason? Trumponomics.

"Following Donald Trump's election victory, we have altered our GDP forecasts as we are now expecting a modest fiscal stimulus from lower tax rates and higher government spending," wrote HSBC chief U.S. economist Kevin Logan in a recent report.

It's a stunning reversal from the days before the election when economists and market experts at many Wall Street banks were forecasting dire consequences -- a recession and a swift market drop -- if Trump were elected president.

Now many are saying the opposite: Trump is good for growth.



"Well-executed U.S. fiscal policy could boost growth substantially," says Don Rissmiller of investment firm Strategas. Rissmiller predicts GDP growth could be a full 1% higher in 2017 and 2018.

The U.S. has been expanding at a pace of about 2% a year. Trump vows to get America to 4%.

The stock market has surged to record levels after Trump's election. Investors cheered his promises of massive tax cuts for individuals and businesses, a rollback on onerous regulations and up to $1 trillion of new government spending on roads, bridges and other infrastructure.

The Dow is up over 5% this month, and comes after three months of losses.



"The market has sailed through some of this year's biggest shocks (U.K. Referendum, U.S. election)," wrote the Bank of America Merrill Lynch team in a recent report. The team raised its forecast for the S&P 500 index to end the year at 2,100, up from 2,000.

On top of the tax cuts, investors also like the idea of giving big businesses like Apple (AAPL, Tech30) a tax discount to bring the cash they have stashed overseas back to the United States. That money coming back could be spent on companies buying up more stock, which would further boost prices.



But Wall Steet's newfound love for Trumponomics comes with a big asterisk: Trump can't get too protectionist on trade and immigration.

Wells Fargo (WFC) put it this way: "Tax cuts and additional federal spending could stimulate economic growth, but tariffs and restricting immigration may slow the economy. These policy prospects create potentially offsetting effects." Due to the trade concerns, Wells Fargo hasn't hiked its GDP forecast. However it does expect higher inflation.

Mitt Romney -- now under consideration to be Trump's Secretary of State pick -- was one of many business leaders who slammed Trump for his plans to place hefty taxes on Mexican and Chinese goods coming into the U.S. Romney even said Trump's trade ideas would send the nation careening into a recession.
Trump's plan for his first 100 days in office includes "renegotiating" or "withdrawing" from NAFTA and labeling China a "currency manipulator." It's unclear how far he will go.



Here's a rundown of who's lifted forecasts and what they're saying:

Bank of America Merrill Lynch: "Our 2016 year-end target shifts to 2,100 from 2,000 previously."

HSBC: We are raising our GDP forecast for 2017 to 2.3% from 2.1% in anticipation of a boost to consumption spending. The stimulus effect should be larger in 2018 as the full impact of tax cuts affects household finances. We forecast GDP growth in 2018 to average 2.7%, up from our previous forecast of 2.2%."

UBS: "U.S. GDP is likely to accelerate next year...A new fiscal policy regime -- corporate and household income tax cuts -- may further contribute to broader GDP growth although there's obviously uncertainty around new policy as well as an important drag from uncertainty around trade policy."

Capital Economics: "We now expect GDP growth to accelerate to 2.75% next year (up from 2%), with CPI inflation climbing toward 3%."

Yardeni Research: "In Trump World, pressure on profits could be very bullish for stocks thanks to over $2 trillion in repatriated cash and a significant cut in the corporate tax rate! That's a new reality for sure."

Strategas: "A key message of the market recently has been: Something is going to get done. Single-party government matters. It is possible that well-executed U.S. fiscal policy could boost growth substantially (1%+ on GDP) in 2017-18. Corporate earnings should benefit."

.....
So after a economic crisis from bush. Obama got us out of there ( with a house against him).

Only reason the markets are doing good, is because they expect a lenient , sleazy going soft on big business president. And they know the democrats can not block everything like the republicans did.