Some Charts of Trump’s (second) First Year

[DarkRange55]

Hi SS, as some of you know, I sometimes take the opposite position on here on purpose. While it may not necessarily represent my views on something, I hope it at least encourages discussion and contemplation and maybe a little humor at times.

So here are some charts from Trump's first year in his second term:

Sauce:

In Charts: Trump’s First Year by the Numbers

Trump’s policies have influenced everything from economic growth and stock market performance to gas prices and mortgage rates.

www.theepochtimes.com

 

[noname223]

Hi SS, as some of you know, I sometimes take the opposite position on here on purpose. While it may not necessarily represent my views on something, I hope it at least encourages discussion and contemplation and maybe a little humor at times.

So here are some charts from Trump's first year in his second term:

Sauce:

In Charts: Trump’s First Year by the Numbers

Trump’s policies have influenced everything from economic growth and stock market performance to gas prices and mortgage rates.

www.theepochtimes.com

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Without looking closely at these charts I am skeptical about them. Maybe that's conformation bias. But the Epochtimes has Falun Gong connection and I have the feeling they don't necessarily want the best for the US. They seemingly hate the CCP though.

On Chinese social media Trump is called constructor of China. The man who makes China great.

On the other hand, I heard the Wallstreet loves Trump. Normative considerations shouldn't play a role evaluating his policies. I mean for the rich his policies seem to work. Deregulation and tax cuts. For the country...

 

[DarkRange55]

Without looking closely at these charts I am skeptical about them. Maybe that's conformation bias. But the Epochtimes has Falun Gong connection and I have the feeling they don't necessarily want the best for the US. They seemingly hate the CCP though.

On Chinese social media Trump is called constructor of China. The man who makes China great.

On the other hand, I heard the Wallstreet loves Trump. Normative considerations shouldn't play a role evaluating his policies. I mean for the rich his policies seem to work. Deregulation and tax cuts. For the country...

I've honestly been waiting for you to point out the connection. So I attended one of their shows, just see it. I'm sure you've seen the advertisement everywhere. But I'm not sure if you've gone down the rabbit hole: the entire media empire, beyond Epoch Times, actually has, no joke, CIA connections. It's also a crazy UFOlogy cult. It's part of a much larger scheme.

And as to your remark, yes. (see my above disclaimer), there has been some good things or at least things that I have supported that have happened - without opening a can of worms. I'm more so interested to see how the is shakes out say 4-8 years down the road because thats really when a president's full policy has taken effect. All these delays in laws taking effect, etc.

This has been the funniest and most entertaining administration ever. I get a serious laugh every single day from what I read about something Trump did or said that day. Its honestly hilarious

 

[DarkRange55]

Without looking closely at these charts I am skeptical about them. Maybe that's conformation bias. But the Epochtimes has Falun Gong connection and I have the feeling they don't necessarily want the best for the US. They seemingly hate the CCP though.

On Chinese social media Trump is called constructor of China. The man who makes China great.

On the other hand, I heard the Wallstreet loves Trump. Normative considerations shouldn't play a role evaluating his policies. I mean for the rich his policies seem to work. Deregulation and tax cuts. For the country...

This is the YouTuber, he's a PhD economics professor and researcher from Europe Land

About

YouTube host at Money & Macro

joerischasfoort.github.io

 

[Dejected 55]

I tire of Democrats and Republicans both touting the stock market. Each administration ALWAYS brags when the stock markets go up during their terms... even if everything else is going to shit, they brag over the stock market.

Here's a rough cut...

The top 10% of Americans own about 93% of all stocks.
The bottom 50% of Americans own about 1% of all stocks.
That leaves 40% of Americans (middle class more or less) owning about 6% of all stocks.

Now, what you're more likely to hear is that more Americans own stocks than ever before, and something like 90% of all Americans earning more than $100K per year own stocks... but the three lines I gave above are the most telling ones.

For half of Americans (the ones with only 1% investment) the stock market being up or down doesn't affect them hardly at all. They don't lose but they don't gain either.

For that next chunk of 40% (the ones owning about 6%) the needle only barely moves for most of them. They'd notice if the market dissolved entirely, but they don't get to benefit as much from the gains really.

It's mostly just that 10% at the top who see the stock market gains add to their wealth. I don't have a breakdown, but that 93% of stocks owned by those 10% isn't divided equally either... I think something like the top 1-2% probably only the majority of that 93% but I can't find data to support my guess on that point.

But the bottom line is... whether or not a good stock market performance is indicative of anything at all positive in the economy... only a small portion of people get to benefit from it. Most Americans don't get jack shit from this "booming stock market"... and that's on top of the fact that stock market performance may or may not indicate a good economy.

Most stuff is too expensive, we have a lot of homeless and hungry people and lots of unemployed. There are also companies with high stock values that are actually losing money every year by design. Think about that for a minute. Companies that in their prospectus (when they went public) or their general company profile specify they don't expect to make a profit for XX years, some don't have plans to make a profit ever for various reasons... and many of those such companies have high stock values. People also can manipulate stock prices downward to pressure them into making decisions even if the company is otherwise performing well, a sudden selling of stock by large numbers of stock owners can cause a company to change directions even if they otherwise were economically performing well.

The stock market is ultimately little more than legalized gambling WITHOUT the vast oversight required of other legalized gambling like in Nevada or Atlantic City. Those gambling organizations and areas are highly regulated and monitored and if some shit looks shady it gets pounced on in a hurry. A bunch of folks were just recently caught point-shaving in college basketball over recent years and that shit got shut down in a hurry. But the stock market and insider trading by our elected officials in government just rolls right along.