The DOW can lose 10% every quarter

Almost like the economic conditions were completely different.

 

Did you know that the DOW could lose 10% every quarter, for the rest of time, and it will never hit 0!?!

 

er, what does that have to do with the subject under discussion? Oh right nothing.

 

Is that an admission the current economy is doing much better than the Obama economy?

Steve

 

So to you the feds raising rates once in 2015 is no different than raising rates four times in 2018. That's an interesting form of prevarication.

 

Indeed they were. Trump got the economy booming and feds felt they had to cool it down before it got even hotter.

 

An admission that the current economy is doing much better than a large period of the economy during the Obama administration? Sure.

It is a fact that Obama started his presidency with an economy experiencing the largest recession since the Great Depression. Trump started his presidency with an economy experiencing the single longest streak of private sector job growth in US history, historically high corporate profits, and following multiple all-time highs with the stock market.

 

Trump's first year has been the best all the way back to Carter.

 

Motives are the same.

 

Same as 2015. When they needed to start cooling down the economy. Not rocket science here.

 

Yeah, but we are at the end of the second year and things ain't quite as peachy, are they?

 

You mean the largest single day gain in Dow history isn't peachy?

 

not when it can be considered a "correction". Its peachy it bounced back a bit, but now you're down to extolling the virtues of a single day.

If you look hard enough I'm sure you can find a few more bigly wins to crow about.

 

Making excuses for the failure in chief I see. Trumpettes are on damage control for their fat, orange savior.

 

This may be one of the dumbest things i've ever seen on this board. No one was feeling lucky in Jan 2009.

 

MSM trying to scare the people with insinuations that the Great Depression is coming back.

I guess they gotta do something as jobs and prosperity are popular.

 

As per this and your previous post stating motive is the same I would argue to the contrary. Feds had rates at zero for so long that their was a lot of pressure to get off that mark to convince people the feds thought the economy no longer was in dire straits and could handle an interest rate again. It was about building public confidence not cooling the sputtering economy.

 

They could not get off the mark if the economy was not ready for it.
That would've sent the economy back into a tail spin.

The entire economy and monetary system is based on public confidence. That is the only way fiat economies can work.

 

No argument from me. The economy was at a teetering point and the feds decided a display of confidence was worth the risk.