Great News!!!
Nov 2, 2018 11:28:47 #
Nov 2, 2018 11:37:28 #
I measure the health of the economy not on skewed government figures that don't really tell the truth but on the NAV of my pension fund, which is currently worth considerably less than it was this time in 2016. I wonder why that is!?
Nov 2, 2018 11:49:20 #
rmorrison1116 wrote:
I measure the health of the economy not on skewed government figures that don't really tell the truth but on the NAV of my pension fund, which is currently worth considerably less than it was this time in 2016. I wonder why that is!?
I agree. What difference do economic indicators make if the prosperity doesn't filter down to the folks who need it?
Nov 2, 2018 11:56:08 #
Do you check it daily?. If so, the swings in the market can be maddening...
rmorrison1116 wrote:
I measure the health of the economy not on skewed government figures that don't really tell the truth but on the NAV of my pension fund, which is currently worth considerably less than it was this time in 2016. I wonder why that is!?
Nov 2, 2018 13:38:33 #
rmorrison1116 wrote:
I measure the health of the economy not on skewed government figures that don't really tell the truth but on the NAV of my pension fund, which is currently worth considerably less than it was this time in 2016. I wonder why that is!?
I guess you have a poorly managed pension fund. Whose skewed figures would you use??
Nov 2, 2018 13:39:37 #
pmsc70d wrote:
I agree. What difference do economic indicators make if the prosperity doesn't filter down to the folks who need it?
However that is good news. Even you would have to admit that.
Nov 2, 2018 13:43:15 #
Who is your fund controlled by?
rmorrison1116 wrote:
I measure the health of the economy not on skewed government figures that don't really tell the truth but on the NAV of my pension fund, which is currently worth considerably less than it was this time in 2016. I wonder why that is!?
Nov 2, 2018 14:45:06 #
For all the talk of the booming economy, the Dow Jones rose more in the first 18 months of Obama's presidency than it has under Trump's presidency.
Nov 2, 2018 14:52:42 #
The Dow Jones and the economy are two separate animals...Educate yourself before making meaningless statements...
https://thehill.com/blogs/pundits-blog/finance/345136-dont-confuse-dow-jones-records-for-overall-economic-prosperity
https://thehill.com/blogs/pundits-blog/finance/345136-dont-confuse-dow-jones-records-for-overall-economic-prosperity
repleo wrote:
For all the talk of the booming economy, the Dow Jones rose more in the first 18 months of Obama's presidency than it has under Trump's presidency.
Nov 2, 2018 15:39:35 #
rmorrison1116 wrote:
I measure the health of the economy not on skewed government figures that don't really tell the truth but on the NAV of my pension fund, which is currently worth considerably less than it was this time in 2016. I wonder why that is!?
Time to fire the pension manager/management. The Dow, S&P, NASDAQ, etc., have all made huge gains since January 2017.
Go talk to Fidelity, Fisher, etc. If this is an employer-managed fund, time to sue them for mismanagement.
Nov 2, 2018 15:57:44 #
repleo wrote:
For all the talk of the booming economy, the Dow Jones rose more in the first 18 months of Obama's presidency than it has under Trump's presidency.
So both deserve credit.
Nov 2, 2018 16:01:14 #
How do you figure? They are not mutually tied together. The Dow can be up when the economy isn't.. and vice versa...
traderjohn wrote:
So both deserve credit.
Nov 2, 2018 18:37:03 #
Screamin Scott wrote:
The Dow Jones and the economy are two separate animals...Educate yourself before making meaningless statements...
https://thehill.com/blogs/pundits-blog/finance/345136-dont-confuse-dow-jones-records-for-overall-economic-prosperity
https://thehill.com/blogs/pundits-blog/finance/345136-dont-confuse-dow-jones-records-for-overall-economic-prosperity
Tell that to Trump! He touts the the markets as a mark of his economic genius on a regular basis. I could have mentioned the 30% explosion in the budget deficit this year or the fact that the low unemployment rate is just a straight line continuation of the trend since 2010 - just after Obama took over from the last Republican fiasco. I could also have mentioned the 2% tariff/Trump tax that I had to fork out for a new US built Ariens snowblower yesterday.
Nov 3, 2018 07:35:31 #
rmorrison1116 wrote:
I measure the health of the economy not on skewed government figures that don't really tell the truth but on the NAV of my pension fund, which is currently worth considerably less than it was this time in 2016. I wonder why that is!?
Probably because your pension fund made wrong guesses when they invested, and chose the wrong stocks to go into. Some sectors have done quite well, while others have floundered. I just attended an investment seminar about this very subject. Some pensions guessed correctly, while some didn’t.
Nov 3, 2018 07:36:01 #
repleo wrote:
Tell that to Trump! He touts the the markets as a mark of his economic genius on a regular basis. I could have mentioned the 30% explosion in the budget deficit this year or the fact that the low unemployment rate is just a straight line continuation of the trend since 2010 - just after Obama took over from the last Republican fiasco. I could also have mentioned the 2% tariff/Trump tax that I had to fork out for a new US built Ariens snowblower yesterday.
Rant on. It is good news. You allowed your hatred to overshadow that.
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