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| Re: New York Fed puts fourth-quarter economic growth at 3.98 percent (1482302) | |||
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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent |
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Posted by Dave on Tue Dec 19 22:00:39 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Fred G on Tue Dec 19 18:00:01 2017. Obama threw close to a trillion dollars into the economy through the stimulus programs and the Fed dropped rates to near zero. Given that institutional money flows into wherever it gets the best risk-adjusted return - and with rates so low, it wasn't going to be in fixed income assets - it's no surprise the stock market jumped so fast. Trump didn't have close to the same juice pumped into the market, Fred. It's comparing apples with watermelons. |
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