Thursday, January 25, 2018

The Color of Green

In a record of 8 days, the Dow crossed 26000 on January 17, the fasted record 1000-point gain in the Dow’s 121-year history. Young Eric Trump was quoted in a recent interview that his dad is only interested in the color of green. It was in defense of his father from the charge of racism. He argued that his dad was only interested in making money as a private businessman, but now wants to make America rich.

President Trump agrees. One of the few indexes he regularly points to is the surging market. The Dow Jones now more than 7000 points above the day Trump was elected in November 2016. This may not be a top, but it’s definitely looking like exuberance, where some analysts say caution has given way to greed. No one wants to be left out.

The President’s economic approval rating appears to be moving up. He is now at 50 percent approval on the RealClearPolitics index, and as the new year began, it was at 45 percent. A group of economists surveyed by the Wall Street Journal rated his policies and action to date as strongly or somewhat positive on:

Trump is still not personally popular, but his economy is and it may benefit the GOP.

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