August 11, 2018
The Trump Economy and Buyer Psychology
There was one thing most voters agreed on before the 2016 presidential election, and that was that Donald Trump was a good businessman and would likely do a good job handling the economy. After eight years of halting, lackluster economic growth under the heavy government hand of President Obama, Trump's supporters hoped The Donald would be able to unshackle the economy and inject real growth back into the country's business environs.
He has done so. The facts are irrefutable:
Stocks are markedly higher than at the end of Obama's tenure. The Dow is over 26K now (mid-Aug. 2018) compared to 19.8K when Obama left office, and the more broadly based S&P 500 is over 2,800 now compared to 2,270 when Obama left office.
Unemployment is down to 3.9%, the lowest in decades.
Job creation under Trump is robust, with over 3.5 million new jobs since Jan. 2017, according to the BLS.
Economic growth: The GDP...(Read Full Article)
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