In 2008, the Dow declined by more than 33 percent and along with the sharp drop in housing prices, there was a 19 percent decline in the total net worth of American households that year. When stock market values are factored in, the rising value of financial assets — including stocks — has now restored the total wealth of American households. Using this measure, it is now higher than when Obama’s presidency began. For stock portfolios, at least, the last four years haven’t been too bad at all.
The stock market has flourished under Obama — and under Democratic presidents generally. Since 1900, it has returned 7.1 percent annually when Democrats have occupied the White House, and only 3 percent under Republicans.
Source
The stock market has flourished under Obama — and under Democratic presidents generally. Since 1900, it has returned 7.1 percent annually when Democrats have occupied the White House, and only 3 percent under Republicans.
Source
No comments:
Post a Comment