Looks like Bill Clinton 2.0, or better known as Joe Biden, is running the economy on a serious winning streak and possibly peering at a golden age. If the Ukraine war unwinds and we continue to push pass the Covid nonsense we might see some really good returns and growth. Republicans are trying to teach children slavery was good, while Biden has the best labor market in US history and easing inflation. Party like its 1995. What could go wrong? Live: Dow rises nearly 200 points, extends rally to 11 days for longest winning streak in six years https://www.cnbc.com/2023/07/23/sto...are|com.apple.UIKit.activity.CopyToPasteboard The Dow Jones Industrial Average rose Monday, notching its longest winning streak since February 2017, to kick off a busy week of key earnings reports and a major policy decision from the Federal Reserve. “So far, there’s no evidence of a recession. So as long as there’s no evidence of recession, and I think the market will probably continue to melt up; people are chasing,” Steve Eisman, senior portfolio manager at Neuberger Berman, said on CNBC’s “Squawk Box.” Investors are bracing for a major Federal Reserve decision and an intense week of earnings from a broad array of companies.
Slick Willy actually compromised with Republicans and became a good POTUS after staining a dress or two in the late 90's. Biden has no intention of compromising with anyone and he's not even remotely in charge of running his own Presidency. The markets are temporarily moving upwards in spite of him.
It’s posts like this that keep me coming back. The brazen confidence in alternative facts with no underlying knowledge. LOLZ
You sound so mad that America is doing well. Don't worry, it will tank again soon enough, when a republican is elected ... like it always does...
It’s like clockwork severe tankage every time they take over. Regan was an exception thanks to Volker and his massive deficit spending but the S&P fell 25% on one day due in no small part to lax regulation (a GOP hallmark) and severely over priced stocks (S&P trading at a 20 multiple thanks to said deficit spending) and he left a mess for Bush the elder who naturally wasn’t able to turn it around.
If this keeps up Biden won’t even break a sweat whoopin’ Trump’s pathetic orange ass again. GOP straight up needs a recession for any chance next year.
More like the Zombie apocalypse. Zombies are even stupider than GOP’rs they’ll vote for him in droves and he suddenly wont bark about dead people voting.
That was due to snap back of reversing of Nixon’s very stupid, no good, very bad wage and price controls. You seem to have almost zero knowledge of economics and how markets work and what you do know is wrongYou’ll be dismayed to learn that in four years the economy under Carter added nearly 10m jobs in spite of Volker’s (most effective fed chairman ever) austerity measures. You should stop, you are embarrassing yourself.
Have to go back 45 years to find a democrat with a tough economy, huh? Since then ... Reagan had the Black Monday Crash, biggest and fastest crash in history, Bush I floundered and had "it's the economy, stupid", Bush II was the biggest trainwreck -- the great recession, and Trump ended with disaster although not entirely his fault ... still, it counts. If have anything in your 401, you have Clinton and Obama to thank for it.
Not mad at all, just have to disagree with the OP about Clinton 2.0 and the reasons for the markets going up. It's as ridiculous as Biden 'creating' 13 million new jobs and crediting himself for lowering inflation after his spending spree. There could only be such an extraordinary number of jobs added in 2021 and 2022 because there was such an extraordinary number of jobs lost in early 2020.
The nation needed a true leader to bring us back from the severe loss of jobs. Thanks for helping us understand
Righties when the market does well under a Republican president Righties when the market does well under a Democrat president
This argument could be used for just about any period of recovery - and ultimately the economy is cyclical and you are pretty much always in recession or recovery. The other aspect to this is the rate at which the jobs were recovered. Unlike 2008, there was much more economic stimulus in 2020-2022, which lead to a much faster recovery, and also inflation and more residual government debt. You can’t criticize the inflation/debt and then ignore the upside of the rapid jobs recovery.