Markets have so far had a muted response to Trump's widely anticipated announcement. Unlike during Trump's previous bid, the discord within the Republican party also worried some investors.
Mooers, any thoughts about Trump's third presidential bid? If Donald Trump were to regain the presidency in 2024, would it be a "Holy Trinity" for stocks?
Jamesim : Rich man is back
102175775 : i disagree with the comment that Trump's policy is on easy money. He was very careful with how the money was spent especially when it came to money spent outside US. Being a businessman, his policy on expenses were based on returns n national interest. the problem in US is that the government is too political. A nation that has great difficulties in making gd long term plans. the great days are definitely over.
bullrider_21 : If he wins the presidency again in 2024, he will cut rates, inject fiscal stimulus and quantitative easing. Initially, the markets will pop. But these will fuel high inflation, then the markets will crash.
He was fortunate that during his first term, inflation was low. Even when the economy was doing well, he was cutting taxes. And he pressured the Fed to cut rates. There were some unnecessary cuts. When Covid-19 hit, the Fed cut rates to 0.25% and held it low for too long even when the economy was recovering. All these resulted in the markets having bull runs and high inflation.
BagHolder23 : Got to consider inertia of systems and the J-curve
UNCLE ELON bullrider_21 : in the first place there shouldn't be any inflation at all dude. Think bout what causes the inflation to be happened. Then think who is the one that bring us war, high inflation, market crashes, bad terms with other nation etc.
lol.
UNCLE ELON bullrider_21 : also, meta, Amazon and apple stop hiring people and sacked so many of their employees, do you think this is healthy ?
bullrider_21 UNCLE ELON : Trump also brought bad terms with other nations.
bullrider_21 UNCLE ELON : It's something that Biden inherited. The Fed also kept rates too low for too long.
MonkeyGee : I can tell you that Biden will kill the stock market
MonkeyGee bullrider_21 : sure, if that's what help you sleep at night.
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