I am not alone - Darrell Spence - Economist
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Darrell Spencer is the economist for Capital Group, which manages more than USD$1.7 TRILLION dollars. In an article, he was asked:
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Would a Democrat win be better for the Market? Republican?In the end, many professional market watchers say it likely doesnt make much of a difference. The best returns have historically come with a split Congress, and a Democrat in the White House, though a split Congress with a Republican in the White House is just a hair behind.
"Presidents get both far too much credit and far too much blame for what's happening in the economy and the markets.", said Darrell Spence, an economist at Capital Group, which manages more than $1.7 trillion.
"The U.S. economy is large and complex, so there is a limit to how much a person or policy can really move that around."
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@taiwan_girl said in I am not alone - Darrell Spence - Economist:
"Presidents get both far too much credit and far too much blame for what's happening in the economy and the markets.", said Darrell Spence, an economist at Capital Group, which manages more than $1.7 trillion.
Ehh, I'd say, sorta. Jon can correct me on this but it seems to me that their biggest influence with the economy and the markets is how they influence a sense of stability. Maybe it shouldn't be that way, but if it is, then yeah, they contribute to it quite a bit.
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@Larry said in I am not alone - Darrell Spence - Economist:
So the way we measure how well the citizens are doing is by looking at the stock market?
No wonder some of you don't understand Trump.
Nope, never said that.
Tell me what your measurements are to test the well being of citizens.
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@taiwan_girl said in I am not alone - Darrell Spence - Economist:
"Presidents get both far too much credit and far too much blame for what's happening in the economy and the markets.", said Darrell Spence, an economist at Capital Group, which manages more than $1.7 trillion.
It's just an unquantifiable truism. It's fine and true as far as it goes. Our discussions here have been about the effect they do have, regardless if one wants to call that effect smaller than "people" think.
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So, it has come to this
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@taiwan_girl said in I am not alone - Darrell Spence - Economist:
@Larry said in I am not alone - Darrell Spence - Economist:
So the way we measure how well the citizens are doing is by looking at the stock market?
No wonder some of you don't understand Trump.
Tell me what your measurements are to test the well being of citizens.
It sure wouldn't be the stock market. It would be things like being able to go to the grocery store and not have to keep a running tab in your mind as you put items in your cart to make sure you can pay for it. Or being able to afford a decent house, car, etc. Being able to not have to worry if you can pay your bills. Stuff like that is how most Americans test their well being. Not how rich the stock owners got this year.
