The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
AlgarveBlu said:
Yup, of all the times this virus had to pop up was with Trump at the helm; the virus is far smarter than him unfortunately.
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At least previous President's were prepared to listen to their experts in times of crisis. Unfortunately, Trump is a narcissist who genuinely believes he is the expert.
west didsblue said:
There isn't an organism on the planet that's dumber.
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Bigly!
 
Yeah, he's a salesman, made his pitch here giving the market exactly what it wanted in the short and medium term. Now people are worried something's wrong, and all they can see is Donald's still trying to sell it to us even harder.

It's a superficial relationship of the type he will have survived on this far, and once it's gone, that's it. For him it's usually just a matter of time to move onto the next perch.

Far smarter to come out over the weekend and say, the market's stabilised, but this is a long term problem. We would be foolish do to prevent it adjusting to reflect the reality of the next few months. However, we will be active in adressing technical hitches, and providing measures to prevent business failures in the short term where they are good for the medium and long term. Walk away, drop the whole issue. As it is, he's just at risk of continually pouring petrol and/or water onto the fire. Still, I plenty of his lot have made a bit on shorts and inside information.
 
Trevor Morley's Tache said:
If you are talking about the markets, they maybe you have a point, but that buoyancy was in spite of him, not because of him.
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Trump injected a fairly massive fiscal stimulus when there was ne need for one via his tax reforms. He would argue that he was sorting out the broken tax system but what he did was basically cut taxes for big corps and wealthy families for no solid reason. He created a massive jump in the deficit in doing it and artificially boosted the markets. It was the sort of measure that you would do in a time of crisis, having done it you can't do it again without getting in to even more deficit problems. He has also been calling for a rate cut by the FED throughout his presidency again for no good reason - at least they are independantly set so they were able to cut them this month when they need to be cut. In summary Donald was throwing petrol on the fire when it was roaring - now its dying back there is less to throw on.
 
Gaudion M said:
Trump injected a fairly massive fiscal stimulus when there was ne need for one via his tax reforms. He would argue that he was sorting out the broken tax system but what he did was basically cut taxes for big corps and wealthy families for no solid reason. He created a massive jump in the deficit in doing it and artificially boosted the markets. It was the sort of measure that you would do in a time of crisis, having done it you can't do it again without getting in to even more deficit problems. He has also been calling for a rate cut by the FED throughout his presidency again for no good reason - at least they are independantly set so they were able to cut them this month when they need to be cut. In summary Donald was throwing petrol on the fire when it was roaring - now its dying back there is less to throw on.
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The tax cut for the rich and big corporations was about as self-serving as you can get. It was blatant pocket lining for him and the people who spend money on his tacky Trump Tower condo's and bed bug ridden hotel rooms at his golf resorts.
 
*VIX (the Chicago Board options exchange Volatility Index, a measure of instability within S&P 500 trading) stands at 78, against an all time high of 79 achieved at the peak of the 2008 crisis.
 
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