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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?


To: Lane3 who wrote (70213)5/6/2018 8:24:13 PM
From: i-node  Respond to of 364140
 
>> The market is different from economic data.

I agree. But expectation is not nothing, particularly, for those believe in technical analysis of markets where the fundamental premise is that the market "knows" everything.

Still, take the example of the following comment (1 min)

youtube.com

On election day of this individual, there is an economic reaction, or in this case, a couple months before when it became evident he would be elected. I believe it was reflected in the DOW (can't prove it) and might well have contributed to something of a panic.

While I agree the DOW isn't the "real" economy, some fringe "real" economic transactions occur or don't occur because he was elected even before he does anything. I don't know that one can make the case the "real" economy is greatly affected, however.

The problem of placing credit or blame on a president for economic changes is never ending and I think it is impossible practically. I've wondered whether someone could, if they wanted to, model the effects a president has at the start or end of his/her term. I think that would be a really big project if it could be done.