The interesting things about the current abnormal economic cycle we are seeing is the fundamentals have been greatly skewed and manipulated by the previous administration.
Here are only a few things that I can think of off the top of my head that have disrupted the cycle:
8 years of Obama's apology tour for America that created record consumer sentiment
8 years of a economy ran by a socialist that was anti America and anti business
8 years of no real economic or real employment growth
Record deficit spending and national debt with Obama essentially doubling the debt in 8 years to over $20 trillion
Obamacare driving single digit healthcare costs increases that were before this debacle, to triple digit increases afterwards.
And the big driver: Multiple QEs that printed and dumped trillions of dollars into the banking system that essentially devalued the dollar and set trillions on the sidelines because the banks were NOT spending or investing the money.
Trump has turned things around and abruptly so! Trump has motivated investors and business owners with the largest corporate tax decrease in history along with deregulation that has spurred economic activity. This along with the QE funds that have sat stagnant for years. The large influx of capital into the stock market is impart due to the available QE funds. The stock market is attractive because of the potential returns of a true free market (thanks to Trump getting things back on course) along with the devaluation of the currency. I think the market is up in 2 ways. 1 in real terms thanks to Trump and his pro-business policies and up because of currency devaluing and we can thank Obama for devaluing the dollar.
And here are 9 charts that show the disruption thanks to Obama!
http://thefederalistpapers.org/us/obamas-real-legacy-summed-up-by-9-brutal-charts
Here are only a few things that I can think of off the top of my head that have disrupted the cycle:
8 years of Obama's apology tour for America that created record consumer sentiment
8 years of a economy ran by a socialist that was anti America and anti business
8 years of no real economic or real employment growth
Record deficit spending and national debt with Obama essentially doubling the debt in 8 years to over $20 trillion
Obamacare driving single digit healthcare costs increases that were before this debacle, to triple digit increases afterwards.
And the big driver: Multiple QEs that printed and dumped trillions of dollars into the banking system that essentially devalued the dollar and set trillions on the sidelines because the banks were NOT spending or investing the money.
Trump has turned things around and abruptly so! Trump has motivated investors and business owners with the largest corporate tax decrease in history along with deregulation that has spurred economic activity. This along with the QE funds that have sat stagnant for years. The large influx of capital into the stock market is impart due to the available QE funds. The stock market is attractive because of the potential returns of a true free market (thanks to Trump getting things back on course) along with the devaluation of the currency. I think the market is up in 2 ways. 1 in real terms thanks to Trump and his pro-business policies and up because of currency devaluing and we can thank Obama for devaluing the dollar.
And here are 9 charts that show the disruption thanks to Obama!
http://thefederalistpapers.org/us/obamas-real-legacy-summed-up-by-9-brutal-charts
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