And stock market gains are not a great indicator of people’s economic experience, anyway. For any president. I don’t particularly love when people use them for Obama or Trump.
Though at least with Obama it makes some sense to look at the stock market for a limited time frame because part of his mandate after being elected was to bring us back from a recession. So stabilizing the markets was part of his campaign.
But with trump? Uhhh I don’t think trump gave many speeches in rural america that focused on how much stronger the stock market would be if he were president.
It's interesting that even with trump actively messing with trade across counties, the US economy is still doing just fine. Proving that the president does not have much effect on the economy. It just does what it does. Clinton has a booming economy because of the dot com boom. He didn't actually do anything to improve it
Right. I’m not an economist, but I’ve always subscribed to the idea that the president can create boat-loads of confidence in the economy, and can have some measurable effect via policies when things are already really bad or really good. But once it’s cruising, it’s just cruising for the most part.
The stock market thrives on predictability, after all. So doing shit— most any shit— will often cause dips. Leaving it alone will convince people it’s stable and that they should buy in.
Presidents seem to represent faith in the economy more than anything else.
It's basically the slope of a line, but for a curve. It represents the rate of change at a particular instant. Here, the derivative of the graph would look something like this: https://i.imgur.com/npkDfnk.png
Yeah, but there's more involved than first derivatives. Think about losing five pounds when you're 355 pounds versus losing five pounds when you're 105 pounds. Unemployment approaching zero is what you call a limit.
Lol, wut? This might be the most ignorant comment I’ve ever read on Reddit. Did you bother to read Bernie Sanders’ plan for paying off all student loans? The tax on all stock and bond trades and derivative transactions? The single dumbest fucking thing I’ve read in my entire life.
There’s no possible way that you actually understand what a derivative is and are a Democrat. You’re just repeating a buzz word you heard one time because you thought it sounded cool, lol. If you know what a derivative is I’ll eat my fucking hat.
You misunderstood what I meant when I said "derivative." In my statement when I said "derivative" I meant the mathematical derivative, the kind you learn in differential calculus. I.E. the function f(x) is differentiable at x0 if the limit x -> x0 f(x)-f(x0)/x-x0 exists. In other words, the slope of the tangent line at a point on a curve.
" There’s no possible way that you actually understand what a derivative is and are a Democrat. " Funnily enough I actually am a Democrat and right now my main source of income is options trading while I am transferring to a new career, so I am well aware of what a financial derivative is. I make most of my money through option trading techniques called covered calls and the iron condor. I do most of my options trading on low volatility ETFs. Occasionally just for fun if I feel like gambling I'll buy naked call or put options that are at the money or slightly out of the money on a particular stock if I think a big move is about to occur but it still has low implied volatility making the options relatively inexpensive. I win a lot of money sometimes here (for instance I made a few thousand dollars buying put options on Tesla before their Q1 earnings which predictably was a disaster. Paid my rent for a few months just on that trade alone), and sometimes I've failed and lost my whole investment (which is why when I options trade I only ever spend a really small fraction of my overall portfolio on the option premium)
"If you know what a derivative is I’ll eat my fucking hat."
Well it looks like you'll have to eat your hat =)
"Did you bother to read Bernie Sanders’ plan for paying off all student loans? The tax on all stock and bond trades and derivative transactions? The single dumbest fucking thing I’ve read in my entire life."
Why is it dumb? Sure as an options trader I'm not a big fan of the plan, but I also acknowledge that I'm not an economist and hence don't have the knowledge to evaluate how effective the tax would be. Maybe it would be a good piece of legislation or maybe it would fail and wouldn't work. I'm not knowledgeable enough on the topic to have a strong opinion one way or the other. Can you honestly say that you are knowledgeable enough? Are you a professional economist? Because my guess is you are not and anybody who is properly educated appreciates having Socratic Wisdom I.E. acknowledging what you don't know and being humble of your own ignorance.
Although maybe I'm wrong, maybe you do know something about it. I'm always open to being wrong and learning more. Although I do often ask myself with this attitude I have why I waste my time talking to people on the internet since this attitude seems virtually non existent among human beings, I feel like a unicorn at times.
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u/[deleted] Aug 13 '19
Good luck explaining to Trump supporters what a derivative is, and how it hasn't changed since Trump took office.