XPost: talk.politics.misc, alt.politics.usa, alt.fan.rush-limbaugh
XPost: talk.politics.guns
On 6/28/25 22:03, Mitchell Holman wrote:
Hal <hal@lpar.org> wrote in news:103q0j3$kaaq$6@news.tcpreset.net:
On 27 Jun 2025, c186282 <c186282@nnada.net> posted some
news:gY2dnTPTaJHjg8L1nZ2dnZfqn_ednZ2d@giganews.com:
The DOW will do so soon.
Remember the 'TrumpCession' ? DOOM & GLOOM ?
How tariff and trade issues would DESTROY
US ALL and lead to million-percent INFLATION ???
How long before the MSM says "You're THE MAN
Mr. President !" ? :-)
Trump did good.
So when is he going to reduce
prices, as he promised?
Gosh, that's such a good question. Especially since the GDP went south
last quarter: -0.5% ... and that's on top of the US Dollar losing value
in the world market: -8%.
And while the SP500 & NAS have hit new highs, there's a big bag of
perception from the recovery from the February drops: the NASDAQ is
only up +0.5% vs its prior high (Dec 24) and likewise, the SP500 is only
up +0.5% from the pre-fuckup February value. In the meantime, the DJIA
is still down from its Dec 24 high by -2%.
And before trying to whistle past the graveyard by saying that a gain is
still a gain, picking up just +0.5% in six months is an annualized rate
of +1%/year, which is far below the Market's long term average of 8%/yr.
And similarly, looking contextually beyond the USA, international funds
are killing us: one of mine is up from $41.90 to $49.64/share: +18% YTD.
-hh
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