Biden has an advantage no one is talking about

[fatboy]

Biden has an advantage no one is talking about

Joe Cool (827 posts)
Tue Jul 16, 2024, 02:39 PM

That being the stock market.
It’s booming right now. Once the Fed cuts interest rates, it’s going to skyrocket and continue that way if there is a belief that more rate cuts are on the horizon.
It’s going to be hard for the rapist/felon/fraud to argue he could do a better job with the markets.

https://www.democraticunderground.com/100219167147

Currently a lot of stupid over there in the DUmp, here is an example...

AkFemDem (1,866 posts)
2. They need to cut the interest rates, stat
Reply to Joe Cool (Original post)
Tue Jul 16, 2024, 02:50 PM
Middle income and low earners don't care about the stock market. They care about their mortgage interest rates and the cost of ground beef. You're correct in connecting stock success and overall financial health and an eventual interest drop- but a lot of people just see whats right in front of them- we need a good ole fashioned interest drop ASAP. Since inflation rates have finally taken a significant drop I hope that happens soon and if it does we'll see a new narrative that will benefit President Biden greatly

Partly correct but the DUmbasses are forgetting the reason for the rate hikes was to reduce the money supply which would nudge inflation down. Once rates go down, back up goes inflation. But yeah I'm sure there is a lot of pent-up home buyers in DU land waiting for mortgage rates to drop.

twodogsbarking (10,575 posts)
8. It isn't Joe's nature to blow his own horn but he has started to highlight his accomplishments.
Reply to Joe Cool (Original post)
Tue Jul 16, 2024, 03:37 PM
That will help.

Please Joe Biden start taking credit for the Dow...Please.

Ms. Toad (34,717 posts)
14. The people we need to convince to vote for Biden, by and large, are less impacted by the stock market -
Reply to Joe Cool (Original post)
Tue Jul 16, 2024, 03:58 PM
than in whether their paycheck covers the rent and groceries.

A chicken in every homeless encampment.

[Airwolf]

Hey DUmmies. Go back to class and lean Economics 101 before talking about SpongeBrains Shitmypants accomplishments on the Nations well being.

[USA4ME]

I’m beginning to believe they didn’t raise rates high enough. This keeps up and we’re going to flip right back into high inflation.

.

[BannedFromDU]

     I don't think it would take much searching to find thousands of DUmp posts about the stock market being a scam, rigged, irrelevant, a rich man's game, and so forth. Now it's a "secret" weapon?

[USA4ME]

     I don't think it would take much searching to find thousands of DUmp posts about the stock market being a scam, rigged, irrelevant, a rich man's game, and so forth. Now it's a "secret" weapon?

Yes, it’s interesting how the stock market now is all about helping everyone whereas during the Bush years it was only benefiting the wealthy making blood money off of war. And how jobs are all now wonderful when they used to call the same type job creation “McJobs”. They change their perspective of events based upon who is in office more often than they bathe or change their underwear.

.

[Old n Grumpy]

twodogsbarking (10,575 posts)
8. It isn't Joe's nature to blow his own horn but he has started to highlight his accomplishments.

All joe blows is farts and smoke up the American people’s ass.

All he’s accomplished is making a mess out of America.

[SVPete]

Joe's problems are much closer to most voters' homes - gas pumps, grocery stores, clothing stores, restaurants ... - and much more visible than Wall Street.

[Old n Grumpy]

Joe's problems are much closer to most voters' homes - gas pumps, grocery stores, clothing stores, restaurants ... - and much more visible than Wall Street.

And it’s funny that they don’t notice that. Or maybe they do notice but are just afraid to mention it for fear of being ostracized by the other members there.

[67 Rover]

And it’s funny that they don’t notice that. Or maybe they do notice but are just afraid to mention it for fear of being ostracized by the other members there.

Or they are on the government tit and don't care.

[DefiantSix]

Joe Cool (827 posts)
Tue Jul 16, 2024, 02:39 PM

That being the stock market.
It’s booming right now. Once the Fed cuts interest rates, it’s going to skyrocket and continue that way if there is a belief that more rate cuts are on the horizon...

First; that's cute, that you think the Fed response to Bidenomics is to cut interest rates. 

Second; why are you spewing misinformation, DUmp'Rat? #SpongeBrainShitPants just made the claim last week that the "elites" were out to get him. The Ministry of Troof documented that statement for all to see. So, if the Elites are out to get #JoeTheFraud, how can they be simultaneously his "advantage", as you put it?

I believe you're about to face some re-education time for WrongThink, comrade. 

[SVPete]

     I don't think it would take much searching to find thousands of DUmp posts about the stock market being a scam, rigged, irrelevant, a rich man's game, and so forth. Now it's a "secret" weapon?

IIRC, some DUmmies have on occasion denounced some stock market moves as an anti-Obama and/or anti-Biden cabal.

[Patriot Guard Rider]

Biden has an advantage no one is talking about


https://www.democraticunderground.com/100219167147

Currently a lot of stupid over there in the DUmp, here is an example...

Partly correct but the DUmbasses are forgetting the reason for the rate hikes was to reduce the money supply which would nudge inflation down. Once rates go down, back up goes inflation. But yeah I'm sure there is a lot of pent-up home buyers in DU land waiting for mortgage rates to drop.

Please Joe Biden start taking credit for the Dow...Please.

A chicken in every homeless encampment.

The stock market means nothing to those of us not invested, but do have to buy gas, feed families and pay skyrocketing utility bills.

[CollectivismMustDie]

twodogsbarking (10,575 posts)
8. It isn't Joe's nature to blow his own horn...

Oh really?

“First of all, I think you’re dead wrong on national security,” the president says, the emotion at times garbling his words. “You saw what happened recently in terms of the meeting we had with NATO. I put NATO together. Name me a foreign leader who thinks I’m not the most effective leader in the world on foreign policy. Tell me! Tell me who the hell that is! Tell me who put NATO back together! Tell me who enlarged NATO, tell me who did the Pacific basin! Tell me who did something that you’ve never done with your Bronze Star like my son—and I’m proud of your leadership, but guess what, what’s happening, we’ve got Korea and Japan working together, I put Aukus together, anyway! … Things are in chaos, and I’m bringing some order to it. And again, find me a world leader who’s an ally of ours who doesn’t think I’m the most respected person they’ve ever—”

https://twitchy.com/dougp/2024/07/17/biden-berated-a-dem-rep-and-his-bronze-star-for-not-convincing-voters-hes-been-a-great-president-n2398467

Its not the nature of a DUmmy to have any tether to reality.

And bidens only advantage is he doesnt have to run to the bathroom when he needs to take a dump.

[SVPete]

We-e-e-e-elllll ... LIEden does devote a huge amount of time to denouncing Trump as a threat to democracy, Hitler-like, and a threat to puppies and kitties everywhere. Maybe twodogsbarking was referring to that.

[Ralph Wiggum]

DUmmies displaying their gawd-awful understanding of economics and the stock market yet again.

I'll quickly summarize since it is below my paygrade to do such things. The commonly used Dow Industrial Average is ONLY comprised of 30 very large companies. Most are very well known, and it changes periodically when a group of chairmen make adjustments to the list.

The Dow has been rising precipitously this week for likely two reasons: 1) Reading of the tea leaves by MAJOR market executives for every utterance by Fed Chairman Powell on the status of interest rates and desperately wanting at least one before the election. The Dow 30 is already pricing in at least one and possibly multiple interest rates so it guides their future investing. The market won't continue to rise with a 25 basis point cut in September as the investor class already builds it into their modeling.

The second reason is one DUmmies and libs will hate: The markets expect President Trump will return to office after the events of the past few weeks and the assassination attempt raises their hopes.

A couple other quick things. While the Dow Jones Industrial Average has been surging, the broader markets of the NASDAQ and the S&P 500 are taking it in the shorts. They are more tech oriented but especially the S&P actually represent far more value.

S&P 500 total value: Approximately $57 trillion
Dow companies' total value: Approximately $15 trillion
NASDAQ total value: Approximately $35 billion