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No. of Recommendations: 0
That's 4500, >4500 for a week, S&P closes record Monday and still today closes over 4500.
The Biden Economy taking the markets off the charts.
Robust earnings growth ... broad economic recovery, states that make $$real$$ money are getting vaccinated and have opened the doors to greater earnings.
Trump and the refusal to end the pandemic shut down economic growth..
Science believers are the only way forward in office... Trump believers only believe in science when they need an oxygen hose hooked up to their nose...
Sad
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No. of Recommendations: 3
The Biden Economy taking the markets off the charts.

As usual, you rich folks presume that "the economy" is synonymous with "the stock market." So people who have lots of investments are doing so great under your hero Joe Biden that you need to brag on his accomplishments here? What about those WITHOUT money to invest? Don't you supremacists ever think about them? I guess you can just metaphorically leave them at the Kabul airport...out of sight, out of mind, eh?
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No. of Recommendations: 9
What are the post-inflation market returns under the Biden economy?

He's created such inflation that it appears COLA's will be over 6% on Social Security and Federal pensions (CSRS). Of course the grumblings from the Democrats after creating this situation are that we need to find a new formula for calculating COLA...NOT halting the inflation that created this mess.

What's the affect of this on the Federal budget? Massive.
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No. of Recommendations: 1
Trump touted the DOW as the measure of his success, and Dems responded by pointing out correctly that the DOW (or S&P or NASDAQ) are not indicators of economic vitality.

So it pains me to see DEMS using the same tired arguments used by Trump as little as a year ago.

It’s all on a wheel, I suppose.
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No. of Recommendations: 2
Trump touted the DOW as the measure of his success, and Dems responded by pointing out correctly that the DOW (or S&P or NASDAQ) are not indicators of economic vitality.

The point is simple: The right needs proof Biden is successful. Biden used the right's own standard and beat Spankee by a very large amount. Either the right accepts this as fact *or* they prove they do not have any standards whatsoever. Which would they do--and why?
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No. of Recommendations: 0
pointing out correctly that the DOW (or S&P or NASDAQ) are not indicators of economic vitality.


Oh, BTW it was also Trump's argument during the election that a vote for Biden was a vote for a stock market crash and you can be sure that when the market corrects that there will be a hundred posts here pointing it out
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No. of Recommendations: 0
Oh, BTW it was also Trump's argument during the election that a vote for Biden was a vote for a stock market crash and you can be sure that when the market corrects that there will be a hundred posts here pointing it out

True dat!
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No. of Recommendations: 10
What's the affect of this on the Federal budget? Massive.

Let's explain why.

The elephant-in-the-room here is interest expense risk...not interest rate risk--interest expense risk. Currently the interest on the US debt is about 8% of the annual budget, but this interest rate is at historic lows (just over 1%). Historically, the interest rate on the Treasuries used to find the debt has been around 4%. So what happens if inflation loons larger, the Fed is forced to raise rates and the Treasury notes issued to replace the shorter maturity T. Bills that are maturing gets back to historical norms and so a few years from now, when Biden's cronies are gone, the interest expense could consume 30% of the federal budget. Can you say "ECONOMIC DEPRESSION" ???

BruceM
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No. of Recommendations: 2
the interest expense could consume 30% of the federal budget. Can you say "ECONOMIC DEPRESSION" ???

What interest expense? Ah, there is your problem.

The US National Debt was planned to be paid off by 2010--in Jan 2001.

Then we had Spankee proclaiming paying off the US National Debt was no problem--and he could do it within EIGHT years.

So, why is anyone worried about something that won't exist?
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So, why is anyone worried...


LOL SOS
Did we hear from this poster in the last four years about deficit spending?
Hell no
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No. of Recommendations: 1
Did we hear from this poster in the last four years about deficit spending?
Hell no


Did we hear from the right about Spankee's failure to pay off the US National Debt?
Hell no
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No. of Recommendations: 3
Spankee's failure to pay off the US National Debt?


Did we hear any complaints about Trump's 7.8 Trillion Dollar Deficit spending?
Hell no
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