Trump Economy and Poker
About six years ago I put up a post pointing out that the good Trump economy was probably very good for the poker games
About six years ago I put up a post pointing out that the good Trump economy was probably very good for the poker games since it would create more excess income for many people which we would see in the poker games. Unfortunately, Covid came and, of course, I got attacked by some people for saying something positive about Trump.Anyway, I expect something similar to happen again
Bump
Still just insane to look at Trump's first term results, the stuff he was saying during the campaign and somehow predict an overall economic boom caused by his policies and abilities. Reminds me of why employers the last 30 years were willing to pay so much for people with moderately competent technical skills. Regular people just really struggle at taking in basic information, doing 2 steps of processing and producing a not completely insane response.
I was in the Bellagio a few weeks ago and walked by the poker room mid morning. There were exactly two tables running in the entire poker room. It just screamed boom times.
And of course daily fantasy even with Trump is still booming and growing at a ridiculous rate, as it did under Biden; suggesting that just maybe macro concerns are not big drivers in these niche entertainment markets.
poker is too slow for the current gambling culture
we've already seen a big shift with options where people are willing to gamble on a chance to hit it big
So what you’re saying is 4/8 stud h/l does NOT have a boom coming?
I did come across a full 2-4 limit table at Bally's in Black Hawk, CO last week. Avg. age was about 75.
Gonna sit in the game next time I'm out there. Nothing screams fun more than pre flop raises on every hand.
About six years ago I put up a post pointing out that the good Trump economy was probably very good for the poker games since it would create more excess income for many people which we would see in the poker games. Unfortunately, Covid came and, of course, I got attacked by some people for saying something positive about Trump.Anyway, I expect something similar to happen again
K-shaped economy is apparently good for poker.
Prob a really high correlation of people who complain about the ‘death’ of poker, citing the boom days and pre solvers and Trumpism. Verifiable truth is just not something morons who hold high esteem in their own opinions want to see. Putting down what are largely a group of hard working and passionate people because they act like or learn from robots because they aren’t scumba
You have to be willing to travel outside of the USA into far reaching spots in the world to find better games. Frankly probably even a better life.
About six years ago I put up a post pointing out that the good Trump economy was probably very good for the poker games since it would create more excess income for many people which we would see in the poker games. Unfortunately, Covid came and, of course, I got attacked by some people for saying something positive about Trump.Anyway, I expect something similar to happen again
Trump‘s market has outperformed Obama, Biden, and Ronald Reagan.
The S&P 500 this year is up quite well. And that is despite all of the nonsense of people whining about tariffs. But again it’s the same people who claimed in 2016 that the world would come to an end. And yet the numbers are there it is completely not debatable at least specifically with regards to the stock market. It’s a different story when you talk about The economy for the middle class or working man which has been a struggle ever since we’ve lost this steel and auto jobs by the late 1980s.
But yeah there shd be a bigger poker pool in the next 4 years at least wrt cash games.
Yeah, we've all heard the phrase but I don't remember it ever being quite this accurate. I ot told over the holidays what my reports total bonus pool is and it's higher than ever. Meanwhile I've never seen anywhere near as many people in my old home time needing financial help with just ordinary living.
Trump‘s market has outperformed Obama, Biden, and Ronald Reagan.The S&P 500 this year is up quite well. And that is despite all of the nonsense of people whining about tariffs. But again it’s the same people who claimed in 2016 that the world would come to an end. And yet the numbers are there it is completely not debatable at least specifically with regards to the
Yes, Trump has enriched the rich and ****ed the poor more than Obama, Biden and Ronal Reagan.
High stakes games should be fine.
In Trump's K-shaped economy, the rich get richer and the poor get ****ed.
But this is what the people wanted, for they chose Trump. I'm sure you're thrilled.
The market is up solely because of the enormous ai spending by the mega corporations. The real economy is not healthy and that falls solely on the conmans shoulders.
Trump‘s market has outperformed Obama, Biden, and Ronald Reagan. The S&P 500 this year is up quite well. And that is despite all of the nonsense of people whining about tariffs. But again it’s the same people who claimed in 2016 that the world would come to an end. And yet the numbers are there it is completely not debatable at least specifically with regards t
It was such nonsense I wonder why trump backed down with tariffs ,
Markets and bonds crashed ….
Yeah all time high now , good cherry picking date …
But hey creating trillions of dollars in debt shouldn’t certainly not push the markets higher .
Debt -> better economy !
Look I’m rich , I’m a millionaire today -> I borrowed 1 million dollar.
True wealth .
Yeah he sort of had to back down on tariffs given his approval. The thing about K vs V shape is people usually talk about those in terms of recoveries from a recession, but we weren't actually in a recession. People did feel the economy was bad, but by that metric the recovery hasn't even started yet since more people think the economy is bad than on Trump's inauguration
The market is up solely because of the enormous ai spending by the mega corporations. The real economy is not healthy and that falls solely on the conmans shoulders.
Yeah, the decoupling is more visible when the market cap of a few companies trumps the metrics of the middle class. The stock market wont move based on the health of the bottom 90% like it would have if it was 1975.
But I think the president has a much smaller influence (tariffs included) than people think. It's still primarily productivity and consumer behavior and a race to meet and perfect that behavioral demand in a global sense.
But unemployment is a major factor. We are at 4%. If we reach anything close to 2009 levels, the floor falls from under the stock market no matter how bulletproof it appears to be now.
...unless we get UBI for everyone then the market will still go up even when everyone gets canned. But we don't have that yet and probably won't for a while - especially under Trump.
Yeah, the decoupling is more visible when the market cap of a few companies trumps the metrics of the middle class. The stock market wont move based on the health of the bottom 90% like it would have if it was 1975.But I think the president has a much smaller influence (tariffs included) than people think. It's still primarily productivity and consumer behavior and a race to
Well the president can have influence. That is to say when there are major world events like World War II. One could easily argue that if we didn’t have a great man like FDR at the helm the USA could’ve lost WW2 and therefore we would’ve not had the post World War II economic boom, which saw the greatest American middle class and greatest middle class the world has ever seen from about 1945 until May 1990. In those days a young man out of high school from all sorts of backgrounds could and did get a job working for Ford Motor Company or Bethlehem Steel or one of the many companies that produced automobiles and steel. They we’re set for life with a more than livable wage that allowed him to buy a home and support a wife and four kids or more.
My point and I think it is quite fair to say in general that the American middle class has been struggling tremendously since we moved a lot of the steel and auto jobs away during the 1990s.
Trump and Biden … and Democrats and Republicans in general, all approved of the horrible decision to lock people down and print trillions of dollars in “stimulus money” 2020 and beyond that. That caused crazy inflation and the average cost of a home in America is 50% higher today compared to prior to 2020. In some areas it’s double the cost. So I agree the working man has it very difficult today in America
Again though to be specific, this is simply a number thing. We have four years of Donald Trump’s first term where the stock market performed well. Trump outperformed George W. Bush by quite a big margin and also even Ronald Reagan. He also outperformed Joe Biden and Barack Obama. And so far this year … whatever Trump‘s decisions have been on instituting tariffs , and then pulling back on them or whatever it may ….be the S&P 500 is performing well. Let’s see what happens in the next three years. But so far very specifically the stock market has performed well and we have five years of data to look at regards to Trump and the stock market.
