[NEWS] DOW hits +20,000 for the first time EVER, US stocks at all-time highs

[JoeysWorldTourLIFE]

but why shouldn't the president interfere? like, how is it bad?

It's best to let the economy run on its own.  Its complicated to explain but the main idea of it is if the president tries to strengthen one part of the economy the opposite of the thing he tried to strengthen will fail.  Foe example, if the president wanted to make NVIDIA higher he would make sure that they did while everyone who invested in AMD or another company would loose money.  Eventually it escalates from there.

Here is what Bush did
https://georgewbush-whitehouse.archives.gov/infocus/bushrecord/factsheets/taxrelief.html

[Ad Bot]

[Willymcmilly]

A small reminder that stock prices soared in the years before the 2007-08 financial crCIA, and that was largely due to deregulation. Economists say we're due for a recession in 2019 at the latest, and this should only speed that up.

Holy stuff that's interesting. It's literally ten years from the last recession. Is this gonna happen again in 2027 or just coincidence?

[Lego lad]

i remember learning in Economics that the economy will naturally balance out itself but it can take a while, so the gov't tries to help it then i guess this happens? idk

[JoeysWorldTourLIFE]

Holy stuff that's interesting. It's literally ten years from the last recession. Is this gonna happen again in 2027 or just coincidence?

Its part of the trend and there are certain laws put into place for when it happens

[Tactical Nuke]

I think FOX news is thinking Annoying Orange caused this.  He didn't as a matter of fact, it is bad for a president to interfere directly with the economy.  Look at the recession in the early 200s when Bush decided to try to improve the economy.  The Great Depression when FDR tried to delay it. 

he didn't directly interfere in the economy, these growths are reactions to Annoying Orange's executive orders so far

[Frequency]

he didn't directly interfere in the economy, these growths are reactions to Annoying Orange's executive orders so far

not to mention post-election/inauguration hype and speculation

[Tactical Nuke]

UPDATE: The Dow Jones industrial average has closed at +20,000. This growth is confirmed to be a reaction to Annoying Orange's slew of executive orders and post-election hype.

[Master Matthew²]

UPDATE: The Dow Jones industrial average has closed at +20,000. This growth is confirmed to be a reaction to Annoying Orange's slew of executive orders and post-election hype.

Making America Great Again
OT: The DJIA will fall in a few months at most, unless Annoying Orange keeps being unexpected.

[crazies alt]

i want to buy Annoying Oranges hair

[Willymcmilly]

i want to buy Annoying Oranges hair

Annoying Orange's Hair (TRHAIR)

[otto-san]

i remember learning in Economics that the economy will naturally balance out itself but it can take a while, so the gov't tries to help it then i guess this happens? idk

the economy never really balances out, it just fluctuates. many economists these days think discretionary monetary policy is an acceptable means for the government to control the economy, and some fiscal policy is also helpful (things like transfer payments (e.g. welfare) and progressive taxes help stabilize the economy), but discretionary tax rate or spending changes aren't usually a great idea to help the economy along because of policy lag and how difficult and slow it is to make changes to fiscal policy

[Willymcmilly]

I think we just have to ask ourselves: What were we doing right in the 90's? How can we do it again?

[Nonnel]

I think we just have to ask ourselves: What were we doing right in the 90's? How can we do it again?

If we could invent the internet again, it would do wonders for the economy

[Satan From Wreck-It-Ralph]

If we could invent the internet again, it would do wonders for the economy

internet 2 the search for more money

[e-maxx]

I think we just have to ask ourselves: What were we doing right in the 90's? How can we do it again?

drugs