Quote:
Originally Posted by WTF
Je wanted to bet Trumps GDP would be above 3% for the year. I did not.
I wanted to bet that it would not be above 3% for the next 3 years. It was not.
Please explain how I was wrong.
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I never said you were wrong. I said LustyLad was right. Look at the title of the thread, WTF Won't Bet Against the Trump Economy. If memory serves me correctly you plunged head over heals into shares in around the 2nd quarter of 2020, when Trump was president.
And please take a look at the last four paragraphs in the original post, about employment. The article was published on February 6, 2018, about a month after the Ryan/McConnell/Trump tax cuts took effect, and before the deregulatory moves by Trump really had a chance to make a difference.
By the end of 2019, unemployment was down to 50 year lows and labor tightness pushed through to middle class incomes, which showed the first big pop upwards in many years. Now I'm not saying that was entirely due to corporate tax cuts that made the USA competitive again, and slashing red tape. But they played a part.