Mars posted:ba$eman posted:Mars posted:RiffRaff posted:yuji22 posted:Base,
Trump is doing an excellent job in protecting American interests and American jobs. He deserves full credit for that.
He recently increased interest rates and the markets responded positively.
Trump did not increase interest rate, the FED did
The Ballahoo Brahmin is a clown. The stock market does not react positively to an increase in interest rates.
This time it did not seem to be phased due to the offsetting tax rate reduction, capital repatriation and the infrastructure initiative which could be beneficial to languishing tradition bricks and mortar companies.
The interest rates were too low for too long but Obama's economy could not absorb an increase. Trump's seem to be able to!
You had me confused there for a minute. You meant fazed and not phased. Yes, the market reacting positively had more to do with the tax reduction and other initiatives which you stated. Investors think that the gains from the tax reduction and other initiatives will exceed the negative impact of the interest rate hike so stock prices rose.
Yes yes, you got me there, fazed!