LovesMusic7360
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The Dow Jones Industrial Average crossed 40000 for the first time, a milestone that appeared implausible little more than two years ago when the Federal Reserve began raising interest rates to cool an overheated economy.
Gloom and doom forecasts abounded. When the central bank ended the era of ultralow rates that prevailed in the years following the global financial crisis, economists predicted painful consequences: a U.S. recession and rising unemployment.
Markets shuddered. The Dow industrials and other equity benchmarks ended 2022 with their biggest declines since 2008, the year Lehman Brothers collapsed.
But as the months passed, employers kept adding jobs. People kept spending, splurging on big-ticket items like cars and blowout getaways to see Taylor Swift. Inflation kept cooling. Perhaps most important, the recession predicted by so many economists hasn’t materialized, giving investors hope that stocks might keep climbing.
“Not only didn’t we have a recession, we had a robust economy with tight labor markets, healthy consumers who were consuming,” said Katie Nixon, chief investment officer for Northern Trust Wealth Management.
I am so not surprised by any of this. trump wishes this happened when he was president so he could take the credit and we all know if he was president and the stock market tops 4K, he would be having a special press conference, crowing about it and taking credit for it.
The reality is that trump crashed the stock market. We all saw another round of huge losses to our 401k accounts.
I don't know about others, I had recovered all the trump losses by last year and have been making good gains ever since.
What really makes me angry is that if bush the first, the bush boy and trump had not destroyed the economy while president, we all would be multi millionaire above what we now have in our 401k accounts.
Instead we lost a lot of money for our retirement.
It has been happening for decades. Republicans destroy the economy and stock market, democrats clean up the mess and put us back on track.
America has the best economy in the world right now with the lowest inflation and unemployment.
Gloom and doom forecasts abounded. When the central bank ended the era of ultralow rates that prevailed in the years following the global financial crisis, economists predicted painful consequences: a U.S. recession and rising unemployment.
Markets shuddered. The Dow industrials and other equity benchmarks ended 2022 with their biggest declines since 2008, the year Lehman Brothers collapsed.
But as the months passed, employers kept adding jobs. People kept spending, splurging on big-ticket items like cars and blowout getaways to see Taylor Swift. Inflation kept cooling. Perhaps most important, the recession predicted by so many economists hasn’t materialized, giving investors hope that stocks might keep climbing.
“Not only didn’t we have a recession, we had a robust economy with tight labor markets, healthy consumers who were consuming,” said Katie Nixon, chief investment officer for Northern Trust Wealth Management.
I am so not surprised by any of this. trump wishes this happened when he was president so he could take the credit and we all know if he was president and the stock market tops 4K, he would be having a special press conference, crowing about it and taking credit for it.
The reality is that trump crashed the stock market. We all saw another round of huge losses to our 401k accounts.
I don't know about others, I had recovered all the trump losses by last year and have been making good gains ever since.
What really makes me angry is that if bush the first, the bush boy and trump had not destroyed the economy while president, we all would be multi millionaire above what we now have in our 401k accounts.
Instead we lost a lot of money for our retirement.
It has been happening for decades. Republicans destroy the economy and stock market, democrats clean up the mess and put us back on track.
America has the best economy in the world right now with the lowest inflation and unemployment.
