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Thread: Global economy growth at 3%, U.N. says

  1. #51
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Miller47 View Post
    You said 11 months.

    Looks like closer to 9 months quoted in the article Jan 20th - Oct 27.

    Since the article is dated Oct 30, it would have been hard for them to measure 11 months, since as of today we have not yet reached 11 months of the Trump administration.

    I also noticed that you left out this part: "Stocks have risen in nine of the first ten months of the Trump administration, a record that no other president can match."

    I'm sure that it was just an unintentional oversight on your part, eh?
    Not an oversight because it does not matter I guess you just missed this part???

    While the market has consistently gained under Trump, the gains haven’t been record-setting.

  2. #52
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    Justin Wolfers is not taking President Trump’s stock-market claims lying down.

    On Monday, as the market again reached a new record high, Trump tweeted that the first year of his presidency had seen 70 record closes (presumably he meant 70 record-high closes), which he said was more than any previous year. Wolfers, professor of economics and public policy at the University of Michigan and several other institutions, soon shot back saying the stock market performed better under Obama than under Trump at the same point in their presidency. Wolfers cited the S&P 500 instead of the Dow and looked at relative gains under each president rather than all-time nominal value.

    Justin Wolfers is indeed correct on his S&P 500 numbers for the first 11 months of Obama’s and Trump’s respective presidencies based on a running percentage gain in the index over the course of the 11 months of Trump’s presidency so far. Wolfers’s point about Obama and Trump stands even if you look at the percentage gains in the Dow under the six most recent presidents, though Trump either out-performs or slightly under-performs George HW Bush depending which index you use.

    Trump: Economist Justin Wolfers Schools President on Dow Highs | Fortune

  3. #53
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    Quote Originally Posted by Miller47 View Post
    I noticed that you did not dispute that fact.

    How long until it's his?

    Two years?

    Three?

    Four?

    More?
    I'd say when anything he can point to that might account for a difference has a chance to work. When will that be?

  4. #54
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    Quote Originally Posted by HayJenn View Post
    Not an oversight because it does not matter I guess you just missed this part???

    While the market has consistently gained under Trump, the gains haven’t been record-setting.
    Got any more erroneous performance figures you want to quote?

    Here's a tip: tomorrow will mark the 11th month of the Trump presidency.

    After the markets close tomorrow, THEN maybe you can post some performance numbers that would be accurate.

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    Quote Originally Posted by Rasselas View Post
    I'd say when anything he can point to that might account for a difference has a chance to work. When will that be?
    August 22nd.

  6. #56
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    Quote Originally Posted by HayJenn View Post
    Justin Wolfers is not taking President Trump’s stock-market claims lying down.

    On Monday, as the market again reached a new record high, Trump tweeted that the first year of his presidency had seen 70 record closes (presumably he meant 70 record-high closes), which he said was more than any previous year. Wolfers, professor of economics and public policy at the University of Michigan and several other institutions, soon shot back saying the stock market performed better under Obama than under Trump at the same point in their presidency. Wolfers cited the S&P 500 instead of the Dow and looked at relative gains under each president rather than all-time nominal value.

    Justin Wolfers is indeed correct on his S&P 500 numbers for the first 11 months of Obama’s and Trump’s respective presidencies based on a running percentage gain in the index over the course of the 11 months of Trump’s presidency so far. Wolfers’s point about Obama and Trump stands even if you look at the percentage gains in the Dow under the six most recent presidents, though Trump either out-performs or slightly under-performs George HW Bush depending which index you use.

    Trump: Economist Justin Wolfers Schools President on Dow Highs | Fortune
    That's not possible in the real world where reality counts.

    We have not yet had the first 11 months of the Trump presidency.

  7. #57
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    Quote Originally Posted by Miller47 View Post
    August 22nd.
    Ok. Why is that the important date? What policy are you talking about?

  8. #58
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    Quote Originally Posted by Miller47 View Post
    Got any more erroneous performance figures you want to quote?

    Here's a tip: tomorrow will mark the 11th month of the Trump presidency.

    After the markets close tomorrow, THEN maybe you can post some performance numbers that would be accurate.
    lol - oh my - one day

    Your really going to have to do better than that.

    But I guess that is what desperation does to someone when they find out that their hero has not led the biggest stock market gains?

    And it's also nice how you ignored my second link that backed up the first one.

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    Quote Originally Posted by Rasselas View Post
    Ok. Why is that the important date? What policy are you talking about?
    I don't know any more than you do.

    So, I took a guess.

    Your turn...

    You asked a question, I gave an answer.

    What did YOU think of the first 11 months of the Trump presidency?

    You know, the first 11 months which has not yet been completed?

    Because another member seems to have plenty to say about those first 11 months which have not yet been completed...

  10. #60
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    Quote Originally Posted by Miller47 View Post
    I don't know any more than you do.

    So, I took a guess.

    Your turn...

    You asked a question, I gave an answer.

    What did YOU think of the first 11 months of the Trump presidency?

    You know, the first 11 months which has not yet been completed?

    Because another member seems to have plenty to say about those first 11 months which have not yet been completed...
    LOL - by less than 24 hours. Jan 20th, 2017 at 12:00 pm.

    Keep digging a hole though.

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