Posted on 01/12/2018 8:28:00 AM PST by ilovesarah2012
Economists surveyed by The Wall Street Journal say President Donald Trump has had generally positive effects on U.S. economic growth, hiring and the performance of the stock market during his first year in office.
(Excerpt) Read more at wsj.com ...
Mainly because, in my view, this President instills confidence in the rank-and-file American.
It’s the “animal spirits” that many are now talking about.
Confidence is everything.
Absolutely. Some idiot named Catherine Rampell wrote a screed that my local fish-wrapper printed about how the stock market is really just rich people showing how much they can screw the little guy or something, and no indicator of anything. Of course if this market had occurred under Obama (an impossibility) they’d have trumpeted his wonders to the world.
The market is a reflection of confidence. Confidence that investing today can produce a higher return in the future. That’s why it is at an all-time high under President Trump.
You are the wind beneath my wings.
In April 2017 Gallup said 54% of US adults or their spouse participate in the stock market in some way.
This question is periodically asked, and responses vary from mid 30s to mid 60s. Of course a fair number of participants have small holdings which are not going to influence their voting pattern.
I think jobs are a better indicator of voting trends for the average person, and those are also strong under Trump.
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