Donald Trump was inaugurated as the 45th President of the United States today. There is still much divide in the country. Most notably, women and minorities are demonstrating their resistance to his taking office with massive, and in some cases, violent protests in Washington D.C.
I personally think Trump’s arrival in the White House is long over due. I think he’ll disrupt politics in Washington as we know it, yet I’m not overly optimistic that the changes he’ll make will have an immediate impact on most individuals in the short term. I think his presidency will look a lot a total home renovation for the first few years, and that we won’t necessarily begin to see the benefits until near the end of his first term.
Nevertheless, I wanted to log the current status of a few indices that we use to measure our economy in the U.S. so I have something to refer back to from time to time and gauge President Trump’s impact on the economy.
As of January 20, 2017:
- National debt $19+ trillion
- Regular unleaded gasoline $2.07 (Phoenix, AZ)
- Dow Jones: 19,827.25
- S&P 500: 2,271.31
- NASDAQ 5,555.33
- Unemployment 4.7%
- Gold 1215.90
- Silver 17.22
- Copper 265.35
- Oil (Brent Crude): 55.43 bbl
- Barclays Capital US Aggregate Bond Index 1976.87 +0.55 (+0.03%)
- 30-year mortgage rate (AZ): 4.18%
- Stafford in-school student loan: 3.76%
- Plus student loan 6.31%
I pray that President Trump is the most successful president in our nation’s history. In order to do so, I feel he needs to stop trying to counter or justify every derogatory story released by the mainstream media. He should focus on what he does best – negotiating deals – for the benefit of the people of United States.
I hope that six months or a year from now when I come back to compare the state of the United States’ economy to the numbers above, I will be pleasantly surprised.