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Trump: Stock Market hit an all-time record high today and they’re actually talking impeachment!?
By Curt_Anderson
December 14, 2023 10:56 am
Category: Politics

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Dow surges to record, stocks soar after Fed previews rate cuts
US stocks ripped higher on Wednesday, hitting new 2023 highs, as investors dissected the Federal Reserve's last interest rate decision of the year.

The benchmark S&P 500 (^GSPC) the Dow Jones Industrial Average (^DJI), and the tech-heavy Nasdaq Composite (^IXIC) all rose about 1.3% in the wake of the decision. The Dow rose nearly 500 points, breaching 37,000 and hitting its highest close ever.


Cited and related links:

  1. news.yahoo.com

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Comments on "Trump: Stock Market hit an all-time record high today and they’re actually talking impeachment!?":

  1. by islander on December 14, 2023 12:02 pm

    The economy’s booming, the stock market is breaking records, unemployment is at a 50+ year low, inflation is plunging; we could go on and on. however, there is a portion of the population, probably around 30% who are totally unaware of any of this, many of whom don’t want to know and many of them simply block that kind of information from their mind or consider it “left wing propaganda”.

    The funniest part of this…um…impeachment inquiry, will be watching how far the Republicans are able to go with it. If it goes all the way to an impeachment trial as they imagine it will in their nighttime fantasy dreams, I’d love to see the vote count. Then everybody will know that the Biden impeachment trial was indeed just a partisan GOP stunt. That’s what they called Trump’s impeachment, “a partisan stunt”…However…Both the House and Senate voted to convict Trump for his role in the Jan 6 attack on our capital in his attempt to steal the election.

    The House voted 232-197 in favor of impeaching Trump. The Senate voted 57 to 43 to convict Trump, 10 short of the 67 votes required for it to happen. Since the majority knew Trump was guilty, that of course proved that it was by no means a partisan stunt.

    But of course the GOP stunt will never get that far since, and this is the thing the GOP hate’s most about Biden…Even after 40 years of serving his country and saving it from Trump, Biden is still squeaky clean !!!




  2. by HatetheSwamp on December 14, 2023 12:30 pm

    isle,

    Getting my truth from more varied sources than do you, I'm certain that the testimony of Hunter's business associates, i.e., Tony Bobulinski and the lot with which I'm already reasonably familiar...along with the documents on their computers, some of which pb's seen, which are also on the infamous laptop...won't impress you. Like all of us, you bring preferences and prejudices to every moment of your life...and, you won't care about the evidence that Joe was involved in the shenanigans.

    And, that's fine.

    pb's said all along that there's little chance that the House will impeach "that feckless dementia-ridden piece of crap." And, certainly, the Senate won't convict him...

    But, on RCP, he's trailing Trump by 3.2%. His 538 approval is -17.4. And, the dirt that the GOPs will be spreading in the next 6-9 months will, pb thinks, be devastating.


  3. by oldedude on December 15, 2023 6:16 am
    curt- Didn't you say (when the stock market was slumping) that the president has little or no influence in the market? This was the comparison was made to trumpster. I don't think history changed, so what's correct at one point just can't magically change.


  4. by HatetheSwamp on December 15, 2023 6:37 am

    OD, Curt absolutely did.

    What's clear is that the Fed does.

    Here's a sincere question: Do you think that the SwampDems are behind the supposedly independent Fed's decision to affect interest rates in a way that will push stocks higher between now and November 024?


  5. by oldedude on December 15, 2023 6:58 am
    Good possibility. I mean that would make sense.


  6. by Curt_Anderson on December 15, 2023 8:48 am
    Did you guys read the link in my opening post? That is not me talking about the stock market and impeachment. That is a quote from Donald Trump.


  7. by HatetheSwamp on December 15, 2023 8:56 am

    Your HuffPo article? Ahhhhhhhhhhh! That blesséd Holy Trinity. Eh!!!!!?

    Of course, the stock market did crash under Biden. What planet are you on!!!!!?

    The question we're considering is if the supposedly independent Fed is diddling interest rates through the same process that the Biden string-pullers have politicized the DOJ in an attempt to spare Hunter?

    I say, yup. You?


  8. by oldedude on December 15, 2023 9:34 am
    Me? I saw huffpo, glazed, and went on.


  9. by HatetheSwamp on December 15, 2023 10:19 am

    Glazed. Exactamundo!


  10. by Curt_Anderson on December 15, 2023 11:34 am
    It’s a screenshot of Trump’s tweet, that HuffPost reported it is inconsequential. It’s not likely Fox or the NY Post would upset their audience/readers with that.


  11. by islander on December 15, 2023 11:40 am

    I have to admit, Curt, it is hilarious when you watch Trump make his predictions. 😁


    View Video


  12. by Curt_Anderson on December 15, 2023 11:59 am
    Islander,
    Almost as hilarious as watching OD and HtS lambaste the comment until they realize it was Trump who said it, then they wildly retreat and complain about the messenger that reported it.


  13. by oldedude on December 15, 2023 12:11 pm
    Had I realized it was him, I wouldn't say a word. That's his typical stupid shit. No shock. No surprise.

    But as usual, trumpster doesn't live in my head 24/7. I have better things to do with my day. Or even 5 seconds of my day. You both put stuff out there I rarely look at because it's trumpster this, trumpster that. It gets really boring. If the dims had anything he'd be either in jail by now, or he'd be out of politics. You've had almost SEVEN years to prove anything. Seriously ANYTHING to get him out. And you can't. Either put up or shut up.


  14. by Curt_Anderson on December 15, 2023 12:16 pm
    "Here's a sincere question: Do you think that the SwampDems are behind the supposedly independent Fed's decision to affect interest rates in a way that will push stocks higher between now and November 024?" ---HtS

    The Fed pushed the interest rate up during Biden's time in office to more than twice that of what it was during the Trump years. It was 3.25% Trump's last year in office. It is 8.5% now.

    Explain how that's supposed to help Biden.
    jpmorganchase.com


  15. by HatetheSwamp on December 15, 2023 12:22 pm

    Almost as hilarious as watching OD and HtS lambaste the comment

    When did pb do that?

    Curt,

    pb thinks Trump is despicable. He supports Ron DeSantis for President...

    ...and, he certainly doesn't practice whataboutism.

    He is alert enuff to get that your Yahoo article is from your Holy Trinity.

    And, he's still asking the question about the Biden administration interfering with the supposedly independent Fed to diddle interest rates to pump up the stock market.

    pb still says, likely, yup. You?


  16. by Curt_Anderson on December 15, 2023 12:28 pm
    HtS,
    Read comment #14.


  17. by HatetheSwamp on December 15, 2023 12:37 pm

    Curt,

    Macroeconomics 101.

    If the Fed hadn't raised interest rates, inflation would have equaled, maybe exceeded, Carter levels.

    What it's doing now might very well stimulate the economy and make it seem to be healthy for 12-18 months...until after the election, only to reproduce the 70s Carter economy in 025 and beyond. Can you see that possibility?


  18. by Curt_Anderson on December 15, 2023 1:32 pm
    That is THE job of the Fed: to stabilize and maintain a healthy US economy, which sometimes means stimulating it, and sometimes means pumping the brakes.


  19. by HatetheSwamp on December 15, 2023 1:39 pm

    What is? To advance the cause of the incumbent in an election by temporarily creating a false sense of a flourishing economy?


  20. by Donna on December 15, 2023 2:28 pm

    Plus, under Biden the US has become the world's largest exporter of oil. Many on the left see that as a negative though.


  21. by HatetheSwamp on December 15, 2023 2:31 pm

    Was the US not the world's exporter of oil already?


  22. by Indy! on December 15, 2023 3:49 pm

    by Donna on December 15, 2023 2:28 pm

    Plus, under Biden the US has become the world's largest exporter of oil. Many on the left see that as a negative though.



    The great friend of the environment, Joe Biden and his plans to reduce greenhouse gases that every single "progressive" from Nancy down to AOC happily voted for and claimed Joe was doing good things. 😂


  23. by oldedude on December 15, 2023 8:45 pm
    Plus, under Biden the US has become the world's largest exporter of oil. Many on the left see that as a negative though.

    Someone has to cite that bullshit.


  24. by Ponderer on December 16, 2023 8:04 am

    Good call, od! It looks like we may have been wrong about that.

    We had heard that a couple times recently but we couldn't recall where exactly. Quite possibly from guests on MSNBC.

    I researched into that last night and some more this morning. It's a little tough finding recent articles, but the best I could find was that we were the fourth largest total fossil fuel exporter in the last few years.


    I did find out that the U.S. is the world's largest exporter of LNG though...

    Chart: The US is officially the world’s biggest LNG exporter

    The staggering rise in U.S. exports of the planet-warming fossil fuel comes as the country tries to position itself as a global climate leader.

    The United States has reached an energy milestone that’s squarely at odds with its ambition to be a climate leader: In the first six months of 2023, it exported more liquefied natural gas or LNG than any other country in the world, according to the U.S. Energy Information Administration.


    I also found this and thought it was relevant to just how much we are producing and exporting...


    For First Time, Oil Likely To Be Top U.S. Export In 2023

    For the first time in 50 years and perhaps ever, the primary oil category will be the United States’ top export when 2023 figures are released early next year.

    That is according to my analysis of the most recent U.S. Census Bureau data, which runs through August.

    Combined with refined petroleum, which ranks second, and natural gas products, which rank fourth, the United States has quietly gone in a few short years from an energy trade deficit to a surplus.

    2023 will mark the fourth consecutive year the value of these three U.S. export categories topped the value of the same three import categories. This year, 54.36% of U.S. trade in oil, gasoline and natural gas has been an export.


    And this...


    The United States has been an annual net total energy exporter since 2019

    Up to the early 1950s, the United States produced most of the energy it consumed.1 U.S. energy consumption was higher than U.S. energy production in every year from 1958–2018. The difference between consumption and production was met by imports, particularly crude oil and petroleum products such as motor gasoline and distillate fuel oil. Total energy imports (based on heat content) peaked in 2007 and subsequently declined in nearly every year since then. Increases in U.S. crude oil and natural gas production reduced the need for crude oil and natural gas imports and contributed to increases in crude oil and natural gas exports. The United States has been a net total energy exporter—total energy exports have been higher than total energy imports—since 2019.

    Total U.S. energy exports in 2022 were the highest on record

    In 2022, U.S. total energy exports were the highest on record, at about 27.41 quadrillion British thermal units (quads), about a 9.3% increase from 2021. Total energy exports exceeded total energy imports by about 5.94 quads, the largest margin on record. Total U.S. energy imports were about 21.47 quads, nearly equal to the amount in 2021.



    So it appears that Biden's fossil fuel production/export policies are actually extremely robust, to put it mildly, and have been for his entire presidency. Which is admittedly totally at odds with his climate change policies, and is a matter of consternation within many in the Left and with climate change organizations' goals and desires. We're producing more fossil fuels with shiploads to spare for exporting than ever before in historic quantities.

    The main important point here that I want to make here, od, is that drilling baby, drilling is an absolutely asinine thing for Trump to have declared worthy of becoming a "dictator about" as president, to use his own words. The idea that we aren't drilling enough already is laughably ludicrous. He simply wants to be a dictator and will use anything for an excuse. And his followers are currently being fed bullshit about how bad off we are economically, so they'll swallow it happily because they aren't up on what is actually going on.


    So thank you for calling us on that, od! We don't like to post things that aren't correct and can admit when we are wrong. 👍


    eia.gov
    biologicaldiversity.org


  25. by Ponderer on December 16, 2023 8:06 am

    Sorry. Missed a including a link...


    canarymedia.com


  26. by islander on December 16, 2023 8:27 am

    We need to cut back on our use of fossil fuels and that’s the way to reduce the amount extracted from the ground. That’s what we on the left are working toward. Some call us unrealistic idealists, but we are pragmatic idealists …If we cut back on our production oil now the cartels can and will simply and easily take up the slack for years to do operate within a global economy.


  27. by islander on December 16, 2023 8:30 am
    Edit:

    cartels can and will simply and easily take up the slack for years to do operate within a global economy.

    should read:

    If we cut back on our production oil now the cartels can and will simply and easily take up the slack. They will then have complete control of the supply and the price !! We operate within a global economy.


  28. by Ponderer on December 16, 2023 8:38 am

    Isle, unfortunately, I believe that we will stop taking oil, gas and coal out of the ground only when there is no more to take out of the ground. I can not foresee any possibility that the fossil fuel producers will ever agree to simply leave those billions of dollars in the ground. And we won't stop using it and needing it until then either.


  29. by Ponderer on December 16, 2023 8:50 am

    The trillions of tons of carbon that were taken out of the atmosphere over many millions of years and sequestered under the ground are going to be taken out, burned, and put back into the atmosphere. It's simply going to happen because we are humans and this is just the sort of thing that humans do.


    "I'd like to share a revelation I've had during my time here. It came to me when I tried to classify your species. I realized that you're not actually mammals. Every mammal on this planet instinctively develops a natural equilibrium with their surrounding environment, but you humans do not. You move to another area, and you multiply, and you multiply, until every natural resource is consumed. The only way you can survive is to spread to another area. There is another organism on this planet that follows the same pattern. Do you know what it is? A virus. Human beings are a disease, a cancer of this planet. You are a plague, and we are the cure."


  30. by Donna on December 16, 2023 8:56 am

    I agree with my wife. And btw, great research, hon!

    Someone I was watching on TV said that the US is the largest exporter of oil right now, surpassing the likes of big oil producing nations like Saudi Arabua and Venezuela. That appears to be bullshit. My bad for not doing a little research before passing that disinfo on. Most Americans probably don't know that we're exporting that much in energy products, though.





  31. by Indy! on December 16, 2023 9:06 am

    Good info, Pondy - thanks.

    Apparently we're trying to become the new Saudi Arabia - our laws based on religious extremism thanks the Supreme Clowns and our only export being oil that is destroying the planet. Good work, two party system! 👍


  32. by islander on December 16, 2023 12:58 pm

    Like I said, in order to eliminate fossil fuels… We need to cut back on our use of fossil fuels. That’s what we on the left are working toward and it’s exactly what we are doing.

    It can’t be done instantly and we have to fight for it.

    We are not using as much fossil fuels now as we would be if we had not been working toward this goal. Each year the percentage of the power we use from renewable energy, wind solar, hydro, etc. has been growing steadily. All that energy would have been produced using fossil fuels if we had given up.

    The cost for renewable energy has also been going down and in many cases it is now lower than the cost of fossil fuels, and it’s only going to continue to go down.

    As we are able to produce more and more power using low cost renewable energy there will be no incentive for big companies to produce the higher cost fossil fuels.

    We have to be careful not to fall prey to cynicism and actually start believing that it can’t be done.


  33. by HatetheSwamp on December 16, 2023 1:17 pm

    Preach it, isle! Youdabomb.


  34. by oldedude on December 16, 2023 4:04 pm
    agree. One exception.
    "We have to be careful not to fall prey to cynicism and actually start believing that it can’t can be done."

    Marathon, BP, Shell, and Exxon have already started getting into the alternative energy sources. That means the US, GB, NL, and US are all in the game. I haven't heard about anyone else, but that doesn't mean they're not in either.

    When that technology catches up, that'll be great.


  35. by Indy! on December 16, 2023 5:39 pm

    Glad you two party folks are finally trying to catch up with us on the progressive left. About time.


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