by Haruo » Wed Feb 07, 2018 3:00 pm
Yeah, Obama inherited a disaster that required spending to avoid depression, and after the first two years his budgets drastically reduced their deficits before more or less levelling off the last couple years. But it's an open question how much any president really has to do with the budget, which after all is hammered out by Congress.
On the other hand, the downtick in the markets Friday and Monday was chickenfeed compared with that in 2015, percentagewise, wasn't it?
I'm hearing a lot of suggestions that the positive results of the new tax bill are fueling the downturn in stock prices. I'll check back after the 16th, when my opinion of the stock markets will be solidified.
Haruo = Leland Bryant Ross
—
—