We could have a lovely discussion about whether every news agency in the world outside of those owned by Mercer or Murdoch have it wrong but I think Mueller has the final say.
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Hi Scott, I love your work & miss Stacy’s. There is no denying markets fluctuate. That said, there is also no denying that Obama transitioned a thriving economy. He certainly didn’t inherit one. Imperial data doesn’t support growth from trade wars
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I credit Obama 75% for leaving a strong economy and Trump 25% for goosing it higher. And while trade wars are bad, negotiations are good. Don’t confuse them.
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Also, the data shows the Corp tax cuts went toward bonuses for the pointy haired guys—not share holders. Markets cratered immediately after Trump’s tax & budget plans. I would respectfully suggest there is more to party allegiance than tax cuts. Not everyone is wealthy
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If the economy were a one-variable situation, that would be bad, I agree. And no markets have "cratered." Temporary corrections are a normal part of stock markets that are overheating.
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