Political Discussions for "Adults"

Lucem Ferre · 08-15-2019, 02:12 PM

From what I read the Dow drop happened because of China's retaliation to Trump's trade tariffs. People started pulling their stocks with uncertainty. They started going back up after China announced that they are going to try and reach a consensus with the US. So recession warning may have just been a precaution. A lot depends on this meeting though.

But from what I've found we've experienced some of the biggest Dow drops under Trump. We've also experienced some of the biggest rises under Trump too. I'm not sure what that means.

~~jwb~~ · 08-15-2019, 02:56 PM

I honestly think the president has less to do with the state of the economy than we think.

Specific **** you do can hurt the economy yes. And maybe if you're plunging downwards, something like the stimulus can soften the blow.

But as for genuine growth... I think that's largely outside their control.

**Frownland** · 08-15-2019, 05:26 PM

Quote:

Originally Posted by Lucem Ferre

From what I read the Dow drop happened because of China's retaliation to Trump's trade tariffs. People started pulling their stocks with uncertainty. They started going back up after China announced that they are going to try and reach a consensus with the US. So recession warning may have just been a precaution. A lot depends on this meeting though.

But from what I've found we've experienced some of the biggest Dow drops under Trump. We've also experienced some of the biggest rises under Trump too. I'm not sure what that means.

We've had the largest point drops under Trump because the Dow is at it's highest point in history and it would've happened under any president. All of the largest drops in points occurred under Bush, Obama, and Trump. In terms of greatest drops by percentage of the Dow, the largest ones occurred on Black Monday and during the Great Depression. Some of the highest percentile changes did occur under Clinton and Bush though.

https://en.m.wikipedia.org/wiki/List...strial_Average

Lucem Ferre · 08-15-2019, 05:33 PM

Quote:

Originally Posted by Frownland

We've had the largest point drops under Trump because the Dow is at it's highest point in history and it would've happened under any president. All of the largest drops in points occurred under Bush, Obama, and Trump. In terms of greatest drops by percentage of the Dow, the largest ones occurred on Black Monday and during the Great Depression. Some of the highest percentile changes did occur under Clinton and Bush though.

https://en.m.wikipedia.org/wiki/List...strial_Average

Okay, I assume that's why they never made that big of a deal the many other times the Dow dropped 800 points last year.

08-15-2019, 02:56 PM	#2 (permalink)
~~jwb~~ Account Disabled Join Date: Jul 2019 Posts: 4,403	I honestly think the president has less to do with the state of the economy than we think. Specific **** you do can hurt the economy yes. And maybe if you're plunging downwards, something like the stimulus can soften the blow. But as for genuine growth... I think that's largely outside their control.