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Donald Trump presidency discussion thread V
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I'd argue otherwise.
It was the 'global corporatist' tag that lost Hillary the election.
Trump can't. He can lie and ignore his tax cuts for the rich and constant touting of the stock exchange and evidence of growth.
But those that are experiencing his presidency will feel no different in four years and they won't fall for the lies again.
This radical wing of the democrats just told a multinational to get ****ed because they liked their neighbourhood the way it is and didn't want people coming in getting tax breaks and driving up house prices. Loads of those that voted for Trump, the Bernie converts, love this.
I don’t think that’s true at all. The American working classes don’t like globalisation because jobs are going to China, they probably would like Amazon in their area. Not that NY is competitive in the election anyway.
Tariffs on the other hand would be seen as doing something to stop China.
Tax cuts for the rich don’t upset working class Americans because of generations of propaganda.0 -
Hold on a sec. Wasn't Trump recently complaining about Amazon ripping off the US Postal Service?
Isn't Bezzo's, as owner of the WP, directly an enemy of the people?
Why all of a sudden are posters like Rigolo on the case of AOC and the like for actually putting one in the eye of Amazon? IS that that they realise that AOC has actually achieved something whilst Trump is nothing but bluster and trash talk.
Unlike the Marxist-socialists attempting to take over the DNC, Trump isnt actually calling to put Amazon out of business. He is calling for them to pay more tax.
AOC and her like are giving the Trump administration election dynamite.
Not only are those DNC progressives celebrating Amazon NOT opening a HQ, they have demonstrated they didnt even understand how hte tax-credits deal was structured. They thought they had 3 billion to go spend on social projects, when in fact theres is no 3 billion without the Amazon HQ.
Business leaders are all having second thoughts now about where are the DNC going and if they want to hitch their wagon to that train.
Its possible to hold two viewpoints on the same company,
Amazon opening a HQ in your area and investing 27 Billion - GOOD
Amazon needing to pay more TAX
The only confusion is on the left.
When Trump was calling for Bezos to pay more Tax the left ridiculed him, some posters on here asked he be impeached as it was abuse of power and he was targetting an individual.
The USPS could do with the money, Bezos and Amazon and most multi-nationals for that matter should pony up a bit more.
Its a huge win for Trump Administration.
If the left have issues with Amazon , they had 2 years to align themselves with Trumps moves to target Amazons taxs and revenue affiars, but hey were too busy trying to twist Trumps call out of Amazon into something they could use to attack Trump.
The left would have done well to learn ' The enemy of your enemy is your friend' its too late now, Trump has won without them.0 -
Franz Von Peppercorn wrote: »I don’t think that’s true at all. The American working classes don’t like globalisation because jobs are going to China, they probably would like Amazon in their area. Not that NY is competitive in the election anyway.
Tariffs on the other hand would be seen as doing something to stop China.
Tax cuts for the rich don’t upset working class Americans because of generations of propaganda.
My point is that next year, those that got Trump over the line will say 'what has he done for us?'
The democrats will get to say what they WILL do.0 -
Unlike the Marxist-socialists attempting to take over the DNC, Trump isnt actually calling to put Amazon out of business. He is calling for them to pay more tax.
AOC and her like are giving the Trump administration election dynamite.
Not only are those DNC progressives celebrating Amazon NOT opening a HQ, they have demonstrated they didnt even understand how hte tax-credits deal was structured. They thought they had 3 billion to go spend on social projects, when in fact theres is no 3 billion without the Amazon HQ.
Business leaders are all having second thoughts now about where are the DNC going and if they want to hitch their wagon to that train.
Its possible to hold two viewpoints on the same company,
Amazon opening a HQ in your area and investing 27 Billion - GOOD
Amazon needing to pay more TAX
The only confusion is on the left.
When Trump was calling for Bezos to pay more Tax the left ridiculed him, some posters on here asked he be impeached as it was abuse of power and he was targetting an individual.
The USPS could do with the money, Bezos and Amazon and most multi-nationals for that matter should pony up a bit more.
Its a huge win for Trump Administration.
If the left have issues with Amazon , they had 2 years to align themselves with Trumps moves to target Amazons taxs and revenue affiars, but hey were too busy trying to twist Trumps call out of Amazon into something they could use to attack Trump.
The left would have done well to learn ' The enemy of your enemy is your friend' its too late now, Trump has won without them.
Are you so niiave to really think thats why he hates Bezos and Amazon. And I wonder how much Tax Trump has paid over the past few years, one easy way to find out..0 -
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Unlike the Marxist-socialists attempting to take over the DNC, Trump isnt actually calling to put Amazon out of business. He is calling for them to pay more tax.
AOC and her like are giving the Trump administration election dynamite.
Not only are those DNC progressives celebrating Amazon NOT opening a HQ, they have demonstrated they didnt even understand how hte tax-credits deal was structured. They thought they had 3 billion to go spend on social projects, when in fact theres is no 3 billion without the Amazon HQ.
Business leaders are all having second thoughts now about where are the DNC going and if they want to hitch their wagon to that train.
Its possible to hold two viewpoints on the same company,
Amazon opening a HQ in your area and investing 27 Billion - GOOD
Amazon needing to pay more TAX
The only confusion is on the left.
When Trump was calling for Bezos to pay more Tax the left ridiculed him, some posters on here asked he be impeached as it was abuse of power and he was targetting an individual.
The USPS could do with the money, Bezos and Amazon and most multi-nationals for that matter should pony up a bit more.
Its a huge win for Trump Administration.
If the left have issues with Amazon , they had 2 years to align themselves with Trumps moves to target Amazons taxs and revenue affiars, but hey were too busy trying to twist Trumps call out of Amazon into something they could use to attack Trump.
The left would have done well to learn ' The enemy of your enemy is your friend' its too late now, Trump has won without them.
But ALL of his policies are anti-tax on business. So i mean you seem to be making this up as you go along Rigalo. more of the same0 -
Unlike the Marxist-socialists attempting to take over the DNC, Trump isnt actually calling to put Amazon out of business. He is calling for them to pay more tax.
AOC and her like are giving the Trump administration election dynamite.
Not only are those DNC progressives celebrating Amazon NOT opening a HQ, they have demonstrated they didnt even understand how hte tax-credits deal was structured. They thought they had 3 billion to go spend on social projects, when in fact theres is no 3 billion without the Amazon HQ.
Business leaders are all having second thoughts now about where are the DNC going and if they want to hitch their wagon to that train.
Its possible to hold two viewpoints on the same company,
Amazon opening a HQ in your area and investing 27 Billion - GOOD
Amazon needing to pay more TAX
The only confusion is on the left.
When Trump was calling for Bezos to pay more Tax the left ridiculed him, some posters on here asked he be impeached as it was abuse of power and he was targetting an individual.
The USPS could do with the money, Bezos and Amazon and most multi-nationals for that matter should pony up a bit more.
Its a huge win for Trump Administration.
If the left have issues with Amazon , they had 2 years to align themselves with Trumps moves to target Amazons taxs and revenue affiars, but hey were too busy trying to twist Trumps call out of Amazon into something they could use to attack Trump.
The left would have done well to learn ' The enemy of your enemy is your friend' its too late now, Trump has won without them.
Trump is not looking for Amazon to pay more tax, in fact he reduced their tax rate from 36% to 21%. How did you come to the conclusion that Trump is looking for corporations to pay more tax?
And in terms of the $3bn, whilst of course no $3bn exists at the moment, the deal allows Amazon $3bn in tax credits, yet another reduction in their tax bill. It is on the basis that the other taxes (income tax, rates etc) will provide additional taxes to the . AOC are making the case that companies such as Amazon are predatory in nature, abusing the tax and workers to enjoy massive profits (Bezzos is now the worlds richest man).
Of course since Trump has already given all corporations such a massive tax reduction, isn't it crazy that Amazon are now looking for even further tax reductions? How much will Amazon save due to Trump's new tax plan?
But again, why is Trump calling for an individual company, that struck deals with the USPS, to be singualarly targeted against all the accepted rules of capitalism and that is cheered by people like yourself, yet when people like AOC actually achieve something that demands that Amazon stop taking advantage of the individual states you seem to think this is terrible.0 -
listermint wrote: »But ALL of his policies are anti-tax on business. So i mean you seem to be making this up as you go along Rigalo. more of the same
He's pretty good at it though.
I mean if you had a low IQ, no real capacity for critical thinking and read posts like that enough.....
Same with Trumps constant stream of lies.0 -
listermint wrote: »But ALL of his policies are anti-tax on business. So i mean you seem to be making this up as you go along Rigalo. more of the same
Trump calling for a reduction of Corporate tax to 20% is not a contrary position to calling for Amazon to pay more. I doubt Amazon pays anywhere close to 2% not to mind 20%.
You are conflating the two, and forming the wrong conclusion, calling for a reduction in Corporate tax with actually getting corporations like Amazon to pay their fair share is not a contradiction.
The Trump Adminstration has had many positions on buisness, Ive spoken about these numerous times on here .
Among them anti-regulation , particularily a reduction in small business regulations , reducing corporate tax to 20% , supporting minority businesses.
Why else do you think unemployment is at record lows.
The proof is in the pudding, the success of Trumps Admininstration on the economy are aparrent each day in the US, even reluctant and beligerant Democrats will admit this in private as long as theres not too many other liberals about who would eject them from the choir for such heresy. .
I have to defend myself on accusations of 'making things up' , you can read about them in many different places
Presidential Order - 13771 - Reducing Regulation and Controlling Regulatory Costs
October 24th 2017 another EO targetting
https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-recognizes-minority-owned-businesses/0 -
Rigolo, where has Trump called for corporations to pay more CT?
Do you have a link to a speech, a policy document?
It makes no sense that he would base his entire economic policy on trickle down economics but at the same time try to get corporations to end up paying more tax. Based on his own logic, wouldn't getting corporations to pay more tax result in massive job losses and reduction in wages.0 -
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Trump is not looking for Amazon to pay more tax, in fact he reduced their tax rate from 36% to 21%. How did you come to the conclusion that Trump is looking for corporations to pay more tax?
And in terms of the $3bn, whilst of course no $3bn exists at the moment, the deal allows Amazon $3bn in tax credits, yet another reduction in their tax bill. It is on the basis that the other taxes (income tax, rates etc) will provide additional taxes to the . AOC are making the case that companies such as Amazon are predatory in nature, abusing the tax and workers to enjoy massive profits (Bezzos is now the worlds richest man).
Of course since Trump has already given all corporations such a massive tax reduction, isn't it crazy that Amazon are now looking for even further tax reductions? How much will Amazon save due to Trump's new tax plan?
But again, why is Trump calling for an individual company, that struck deals with the USPS, to be singualarly targeted against all the accepted rules of capitalism and that is cheered by people like yourself, yet when people like AOC actually achieve something that demands that Amazon stop taking advantage of the individual states you seem to think this is terrible.
I suppose thats here we differ, and always will.
You think AOC achieved something by stopping AMAZON HQ , 25,000 jobs and a 27Billion in revenue for her NY constituency .
Whilst when I fly to Cork on business trips I frequently admire the Amazon building there and think, at least 500 people have decent paying jobs there.
Or if Im in Dublin and hte amazon AWS centre there and its hundreds of jobs, again I think at least some people have a decent job in Ireland.
Currently AMAZON have 324 vacancies in Ireland
https://ie.indeed.com/Amazon-jobs
I think thats a good sign, and I can also support Trump Adminstration reducing Corporate tax to 20% , whilst demanding Amazon pony up more for the Pony Express. (I admit I did make that one up)
Currently AMAZON have 0 vacancies in AOCs consituency.
You think this is a good sign .
we differ on whats good and whats not good.0 -
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Rigolo, where has Trump called for corporations to pay more CT?
Do you have a link to a speech, a policy document?
It makes no sense that he would base his entire economic policy on trickle down economics but at the same time try to get corporations to end up paying more tax. Based on his own logic, wouldn't getting corporations to pay more tax result in massive job losses and reduction in wages.
You need to be looking at many pieces of the puzzle. Dont be looking for some soundbite to chew on ...
Trump Administration also reduced the repatriation tax rate, the US had an estimate 4-6 Trillion .. yes Trillion in US Corporate profits sitting offshore .
Trump promised to get this back, he promised trillions would be repatriated.
So far an estimated 500 Billion has been repatriated into the US.
The anti-Trumpers will all jump on oh he said he would get trillions back , he only got 500 billion. Thats your perogative.
Im a realist, I think 500 billion returned to the US with potential for some of it to go to stock holders, 401ks, investment in US expansion etc , is better than that 500 billion sitting in the Caymans.
https://www.marketwatch.com/story/repatriated-profits-total-nearly-500-billion-after-trump-tax-cuts-2018-09-19
He is making US corporations pay more CT tax in the US , by encouraging them to invest in the US, encouraging them to return profits back to the US , etc etc..
How any Irish person could question the value of a policy reducing a nations CT tax rate as a means to getting Corporations to actually ultimately pay more CT , invest more and thereby generate more CT and individual tax revenue , is frankly astounding.
Just another thing we differ on , and thats okay.0 -
That's quite a misleading sentiment there; even marketwatch themselves identify that it's unlikely that the one-time stimulus of repatriated offshore income will result in ongoing increased CT paid within the US - additionally, corporations that are repatriating offshore income have not actually spent that on expanding US business interests.You need to be looking at many pieces of the puzzle. Dont be looking for some soundbite to chew on ...
Trump Administration also reduced the repatriation tax rate, the US had an estimate 4-6 Trillion .. yes Trillion in US Corporate profits sitting offshore .
Trump promised to get this back, he promised trillions would be repatriated.
So far an estimated 500 Billion has been repatriated into the US.
The anti-Trumpers will all jump on oh he said he would get trillions back , he only got 500 billion. Thats your perogative.
Im a realist, I think 500 billion returned to the US with potential for some of it to go to stock holders, 401ks, investment in US expansion etc , is better than that 500 billion sitting in the Caymans.
https://www.marketwatch.com/story/repatriated-profits-total-nearly-500-billion-after-trump-tax-cuts-2018-09-19
He is making US corporations pay more CT tax in the US , by encouraging them to invest in the US, encouraging them to return profits back to the US , etc etc..
How any Irish person could question the value of a policy reducing a nations CT tax rate as a means to getting Corporations to actually ultimately pay more CT , invest more and thereby generate more CT and individual tax revenue , is frankly astounding.
Just another thing we differ on , and thats okay.
https://www.marketwatch.com/story/yes-corporations-have-brought-home-cash-after-the-tax-cut-but-they-havent-put-it-to-work-2018-06-29The reality is that it is much too soon to tell whether lower tax rates have worked, as promised, to increase corporations’ productive domestic investments in a way that would create a new Golden Age of American Prosperity. Even if temporary stimulus does cause the economy to grow at a 4%-plus rate in the current quarter as economists now expect, there is no support for the idea that the economy has been permanently upgraded already.
[...]
Net investment by businesses is only 2.8% of GDP, about half what it was during the best times for U.S. productivity.
There is almost zero evidence to support what you seem to be suggesting that the fact that these corporations have not repatriated the trillions promised is just no big deal; it's a massive deal which provides evidence that the tax changes haven't worked vis-a-vis growing the US economy and bringing this business back to the US.0 -
Corporate tax revenue fell 26% in 2018 while individual tax revenue rose. With that tax saving corporations bought back stock for most part.0
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Franz Von Peppercorn wrote: »I don’t think that’s true at all. The American working classes don’t like globalisation because jobs are going to China, they probably would like Amazon in their area. Not that NY is competitive in the election anyway.
Tariffs on the other hand would be seen as doing something to stop China.
Tax cuts for the rich don’t upset working class Americans because of generations of propaganda.
Tariffs cost American people and American companies money. I don't think Trump actually understands that. He's costing manufacturers billions in material costs, these costs will be passed on to the consumer. In the next month this will start to really hit as manufacturers will be running out of the steel and aluminium they bought before the tariffs came in.
You're right about the propaganda on tax cuts. Every working class American is a millionaire temporarily down on their luck.
Anyone know why we don't call working class people "working class" anymore? Everyone with a job is referred to as "middle class" now, I find it all very odd. Maybe it's simply a product of the above propaganda.they/them/theirs
And so on, and so on …. - Slavoj Žižek
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rossie1977 wrote: »Corporate tax revenue fell 26% in 2018 while individual tax revenue rose. With that tax saving corporations bought back stock for most part.
One liner posts stating some number in isolation is pretty meaningless IMO.
But for the sake of the above , I could just say Total Federal revenue rose in 2018.
Theres a law of unintended consequences and even intended consequences at work. I dont look at economic numbers in isolation , I look at connections across the whole social and business policy.
Its apparent we differ.
You think it a bad thing 500 billion in US corporation profits were returned to US from the Cayman islands and some of it spent on stock buy backs.
I think that was a good thing.
I think 500 billion being repatriated, even if some was spent on stock buy backs and adding to 401ks and retirement funds is a good thing and better than leaving 6 trillion sitting offshore..
You think reducing CT was a bad thing.
I think getting the unemployment rate down and getting US companies to reinvest back in the US was a good thing. A measure partly due to the reduced CT.0 -
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Every working class American is a millionaire temporarily down on their luck.
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It's got so bad now, I've heard of some people going on google earth to imagine their flying around the world on business trips. They get to imagine looking out the window at all peasants below working away. It's just temporary In preparation for when the real thing happens!0 -
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Gentle reminder of the "play the ball, not the man" rule. If your post is a dig at another poster rather than discussion of the topic at hand, think twice before hitting "Reply".0 -
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Anyone know why we don't call working class people "working class" anymore? Everyone with a job is referred to as "middle class" now, I find it all very odd. Maybe it's simply a product of the above propaganda.
How do you come to that conclusion? The working class is still referred to as the working class.0 -
How do you come to that conclusion? The working class is still referred to as the working class.
The same way I came to that conclusion.Middle class just doesn't correspond over there with what I learned as "middle class"
It is all context , no real definitions apply (although they are attempted)
American society is different to European ,Irish or British. The same words often mean different things -or overlap.0 -
The US is quickly running out of "blue-collar" jobs and is producing too many over-educated workers, resulting in 80% of Americans living "paycheck to paycheck". There is a vastly shifting definition of "working class" and "middle class" in the US (and Ireland IMO).How do you come to that conclusion? The working class is still referred to as the working class.0 -
No, I blame the increase in violence on Trump. He's the President. Tone it down, the violence will decrease. He is *absolutely* the cause of all this.Thats very one dimensional.
Hilary, Maxine Waters, most chat show hosts, numerous Hollywood and media stars have all called for varying degrees of disruption, anti-Trump adminstration measures, stemming from insults, protests and right up to assasination .. and you blame it all on Trump.
Let me dumb this down for you: would we be debating an increase in violence if, say, Jeb Bush had been elected? Hilary? Bernie Sanders? Cause and effect in play here, not correlation. Trump's way is to confront, lie, belittle (Pocahontas? Low-intelligence individuals? Sending their rapists and murderers?) then whine when he doesn't get his way. Is he a good model for your children? Would you want them to grow up to be like him personally (not professionally - personally?)
The US Economy was doing o.k. at the end of Obama's administration. There were no looming threats to peace in the US. So, exactly what inspires Trump to, as they say here, "act the maggot" as a style of negotiation?
Individuals are responsible for their own actions. Don't blame it all on public enemy #1.
Your term, not mine. Trump's responsible for his own actions. Actions have consequences, no one gets a free ride.
He's not just Joe Average citizen, or a guy on a reality show. He's the POTUS. You ought to realize he's got responsibilities to
1. All Americans
2. America's allies around the world
He should act that way. *His* actions have enormous consequences. That ought to be obvious by now.0 -
No, I blame the increase in violence on Trump. He's the President. Tone it down, the violence will decrease. He is *absolutely* the cause of all this.
Let me dumb this down for you: would we be debating an increase in violence if, say, Jeb Bush had been elected? Hilary? Bernie Sanders? Cause and effect in play here, not correlation. Trump's way is to confront, lie, belittle (Pocahontas? Low-intelligence individuals? Sending their rapists and murderers?) then whine when he doesn't get his way. Is he a good model for your children? Would you want them to grow up to be like him personally (not professionally - personally?)
The US Economy was doing o.k. at the end of Obama's administration. There were no looming threats to peace in the US. So, exactly what inspires Trump to, as they say here, "act the maggot" as a style of negotiation?
Your term, not mine. Trump's responsible for his own actions. Actions have consequences, no one gets a free ride.
He's not just Joe Average citizen, or a guy on a reality show. He's the POTUS. You ought to realize he's got responsibilities to
1. All Americans
2. America's allies around the world
He should act that way. *His* actions have enormous consequences. That ought to be obvious by now.
Im fully aware of the consequences of his actions.
Stock Market at a record high
African-American Black unemployment rates at a record low
Asian unemplyment rates at a record low
NATO allies are being made to pay more to defend Europe from the East
NK has made moves to cut down on the nuclear testing
US trade imbalance being addressed
Chinas economic malpractice being brought to book
Im aware of loads of the consequences of his actions . Heck if one of my kids could accomplish all that in 2 years, Id be very proud of them .0 -
One liner posts stating some number in isolation is pretty meaningless IMO.
But for the sake of the above , I could just say Total Federal revenue rose in 2018.
Theres a law of unintended consequences and even intended consequences at work. I dont look at economic numbers in isolation , I look at connections across the whole social and business policy.
Its apparent we differ.
You think it a bad thing 500 billion in US corporation profits were returned to US from the Cayman islands and some of it spent on stock buy backs.
I think that was a good thing.
I think 500 billion being repatriated, even if some was spent on stock buy backs and adding to 401ks and retirement funds is a good thing and better than leaving 6 trillion sitting offshore..
You think reducing CT was a bad thing.
I think getting the unemployment rate down and getting US companies to reinvest back in the US was a good thing. A measure partly due to the reduced CT.
Sorry Rigolo,
i get you're into this whole CT thing but this is where your past lets you down big time. You cann't come on here for months and knowingly (yes you know) post total garbage and then suddenly one day expect to be taken seriously.
You have developed a reputation on boards. Don't expect people to take you seriously now.0 -
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Im fully aware of the consequences of his actions.
Stock Market at a record high
African-American Black unemployment rates at a record low
Asian unemplyment rates at a record low
NATO allies are being made to pay more to defend Europe from the East
NK has made moves to cut down on the nuclear testing
US trade imbalance being addressed
Chinas economic malpractice being brought to book
Im aware of loads of the consequences of his actions . Heck if one of my kids could accomplish all that in 2 years, Id be very proud of them .
See, now you're back to form.
Lets look at your nonsense oneby one and you can decide if people should take you seriously.
Stock Market at a record high
Even leaving out the last few months correction, it's been on a straight linesince 2010. Stop being obviously stupid.
African-American Black unemployment rates at a record low
Have been falling at the same rate for last 7 years. Again. Stop being stupid with the truth. How can we trust you with economic opinion when you do your best to appear as one who can't follow things like economic and employment trends.
Asian unemplyment rates at a record low
Again, falling at the same rate since 2010. You should be ashamed of yourself for this nonsense really.
And that's it. With nothing to do today and all the patience in the world, that's how far i can get through your rubbish.
You're basically putting on a clown suit and big red nose with this rubbish. Don't be surprised when people assign you any credibility.0 -
Im fully aware of the consequences of his actions.
Stock Market at a record high
African-American Black unemployment rates at a record low
I really wish people would stop describing this as an "achievement"
Due to inflation and other economic factors stock markets should close at all time highs around 51% of the time.
It is irrational bull and bear markets that cause us to deviate from this.
A prolonged bull market is NOT a good thing.
Even taking those as given:Since 1950 to now, roughly 1 out of every 15 days the market was open, it has closed at a new high level (roughly 6.7% of all trading days).
The S&P 500 has spent roughly 32% of its life within 5% of its (up to then) all time high and 24% of its life within 2% of its (up to then) all time high. That’s often!
https://tubofcash.com/how-often-is-the-stock-market-at-all-time-highs/0 -
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So you agree that his actions and words have consequences but apparently only on stuff that you see as positive.
Do you think Trump openly berating a company such as Amazon entices them to invest more in the US?
Why do you think what he says in terms of business makes the markets and such increase but his words on minorities, enemy of the people etc have no effect?
Surely even you can see that should you want to take one you must also take the other.0
This discussion has been closed.
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