Domain: tiger-web1.srvr.media3.us Trump blaming FED for economic slowdown is disingenuous | Page 2 | Political Talk
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re: Trump blaming FED for economic slowdown is disingenuous

Posted on 10/24/18 at 11:30 am to
Posted by PickupAutist
Member since Sep 2018
3038 posts
Posted on 10/24/18 at 11:30 am to
I would appreciate a more honest expression of the facts from you. Would you tell us what your business is in so we can all be aware that your concern over tariffs is rooted in personal interest?
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73698 posts
Posted on 10/24/18 at 11:32 am to
Also, where is the “economic slowdown”?

There is zero indication things are slowing down

Stock market volatility does not mean the economy is slowing
Posted by HeyHeyHogsAllTheWay
Member since Feb 2017
12458 posts
Posted on 10/24/18 at 11:33 am to
Hilarious that IB Freeman is being disingenuous while discussing whether Trump is disingenuous or not.

Posted by AlceeFortier
Member since Dec 2016
1795 posts
Posted on 10/24/18 at 11:33 am to
You are correct no matter what the sheep say on here. The Fed is independent and trump, while knowing how to manipulate the tax codes and screw contractors out of earned wages on his business deals, is by no means savvy in economics. Plus, he is always looking to shift blame from himself. The morons on this board lack the ability to distinguish economic policy from self glamorization at which trump is talented. We need a republican president who does not lie and who at least cares about others as much as he cares for himself. Trump only cares about trump.
Posted by PickupAutist
Member since Sep 2018
3038 posts
Posted on 10/24/18 at 11:36 am to
It is just a matter of fact that interest rates impact the stock market. Even if the actual effects take a while to affect the economy, the markets respond almost immediately to interest rate changes.
Posted by el Gaucho
He/They
Member since Dec 2010
58745 posts
Posted on 10/24/18 at 11:36 am to
Why does the fed only raise interest on republicans
Posted by Screaming Viking
Member since Jul 2013
5671 posts
Posted on 10/24/18 at 11:37 am to
quote:

he facts are that interest rates have been artificially low for 8 years


And that guy that was president couldn’t get the economy going with those “artificially low rates”. That dude should not be hired to be the fresh air inspector, much less president.

You mentioned a trade war.....you share this is gonna happen?? Everything is a part of negotiations. The tariffs, the threat of a trade war, etc.

Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/24/18 at 11:38 am to
quote:

Tariffs have been baked in since February.


Wrong Trump didn't even mention the 25% additional tariffs on China until this summer.

quote:

Why would tariffs JUST NOW influence the stock market?


Most have yet to be imposed. The impacts are just now being discussed in quarterly reports. The other thing that is clear to most is the idea that they will be short term seems to have disappeared. The Chinese have done nothing to accommodate Trump and have not even hinted that they might. Trump and Xi have not been painted into a corner. The tariffs thus far have not resulted in any slow down of US purchased from China--the trade deficit set a record in September.

They will meet at the G20 and both will want to look like winners. How do you think that can be accomplished? That is the question every investor in companies dependent on China for inputs or purchases should be asking. Boeing, for example, had a great quarter and they think their very large orders from China will still come through BUT if Trump pushes China more you have to wonder as investor if China will cancel those orders.


This post was edited on 10/24/18 at 11:53 am
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
75369 posts
Posted on 10/24/18 at 11:39 am to
Well Dallas you just vote for a professional politician and a DC insider and I am 100% positive you will get your "better hires".
Posted by Shepherd88
Member since Dec 2013
4907 posts
Posted on 10/24/18 at 11:40 am to
quote:

The stock market has had a bad October and even though a few companies have reported good earnings this week many have no


Bro, 87% of S&P 500 companies have reported an earnings beat.

I do agree that he is incorrect on blaming the Fed however and they started raising rates a little too late, kinda behind the curve.

However you’re dead wrong on earnings, they are up 22.7% from last year.
Posted by Big Chipper
Charlotte, NC
Member since Sep 2008
2945 posts
Posted on 10/24/18 at 11:41 am to
Posted by Bass Tiger
Member since Oct 2014
55081 posts
Posted on 10/24/18 at 11:41 am to
Dude, whip up a soy latte and relax today.
Posted by The Maj
Member since Sep 2016
30551 posts
Posted on 10/24/18 at 11:46 am to
quote:

by no means savvy in economics.


Yeah, very successful international business man and he is not savvy in economics...

Where the frick do you people come from with shite like this?
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/24/18 at 11:47 am to
Concern for tariffs is a personal interest for every US consumer and you will begin to see that very shortly.

Our imports were removed from the tariff list.

I did in fact testify at the tariff hearings.

You do not need to know my business any more than I need to know yours.

It is not an industry specific problem and simply keeping up with business news should keep you informed on the enormity of the problem.

I could care less what happens in China but I do care about US manufacturers and US consumer that depend on foreign inputs and how our government punishes these people while it rewards their friends the steel manufacturing business.

China in some regards is the world's largest economy---bigger than the US.

Tariffs are a powerful way for Presidents to punish Americans that disagree with them and reward those that support him. Congress should remove a lot of trade authority from the President. The idea that tariffs on almost every US purchaser of steel from any world source is in the national security interest is absurd.
Posted by Uncle Don
The Big House
Member since Jul 2018
4229 posts
Posted on 10/24/18 at 11:48 am to
Did many read just added 60th downvote
Posted by HTDawg
Member since Sep 2016
6683 posts
Posted on 10/24/18 at 11:48 am to
Every Republican president presides over a recession, because Republican policies are bullsh*t. They are nothing more than a con job. They've been pulling the "trickle down" con job for decades. It doesn't work, it never will work.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/24/18 at 11:48 am to
quote:

It is just a matter of fact that interest rates impact the stock market


yes it does but that is not the primary cause for the downturns over the last month.

Read.
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/24/18 at 11:51 am to
Oh BS el Gaucho.



Notice the level of interest rates then too. In most of the years they were twice the correct 10 year yield. Do I need to mind you what the market did in the eighties and the nineties with interest rates much higher than today?
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 10/24/18 at 11:54 am to
Link to that 87% number. Are you trying to tell me companies are not trimming their earnings estimates and that many are not citing tariffs?
Posted by narddogg81
Vancouver
Member since Jan 2012
22021 posts
Posted on 10/24/18 at 11:56 am to
quote:

economic slowdown

quote:

The stock market has had a bad October
not synonymous, you fricking tard
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