r/WallStreetbetsELITE • u/davidmt1995 • Mar 07 '25

Shitpost Missing uncle Joe here

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You know what strengthens the stock market? Stability and predictability.

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u/silsum Mar 07 '25

Oh, I remember how this place hated him and how terrible he was. That was the common theme. Actions have consequences, and so does voting.

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u/OppositeArugula3527 Mar 07 '25

He presided over one of the best runs in the markets. And it was stable and calm, not chaotic mess like right now.

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u/Ok_Ganache_789 Mar 08 '25

Um, where are you getting your “facts”? Did you forget the chaos that ensued in 2018 during his first trade war? The market finished -6.28%, the first down year since Obama’s 2015 -0.73% which really only tapered off around the election. This cause the Fed to lower the Fed Funds rate to 1.75% thus creating an environment of easy money allowing people to refinance and buy second homes in turn exacerbating the housing shortage. But in the words of Ace Ventura “I’m sure you already knew that”

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u/OppositeArugula3527 Mar 08 '25 edited Mar 08 '25

Umm yea 2018 was under Trump, so yea that was chaotic. Lower rates was just one part of the shortage. The bigger factors were really supply and that corporations were/are buying up housing for their real estate portfolio. The only chance the average American could ever afford to get a house against the likes of Blackrock and Berkshire was with lower rates. Now that rates are high, corporations dominate the housing market, out numbering first time buyers. Your "knowledge" seems very superficial and regurgitated stuff from TV news outlet.

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u/Ok_Ganache_789 Mar 08 '25

Are you reading your posts? You first claimed the period was stable and calm and then you agree that 2018 was chaotic. Which was it, stable and calm or chaotic? If a quarter of a term is the latter, it’s hard to say that in general a presidency was marked by economic stability. And don’t give me this “media” stuff. That’s media being anti-media, which, is, in fact, media. And you presented not much more than a superficial counterpoint. Yes, investment firms exacerbate the supply problems as do refinancing at all time low rates thus limiting willingness to sell, tight regulations still in place after the housing crisis, increased demand from a work-from-home transition followed, etc.

Anyways, my point wasn’t to address the housing problems, but rather to call b.s. on the notion that Trump’s first term was stable and calm.