dow tops 27,000 for first time ...

Politics and religion: two polarizing topics that deserve their own little place
KITNooga
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Re: dow tops 27,000 for first time ...

Post by KITNooga » August 14th, 2019, 5:11 pm

ChemicalKat wrote:
August 14th, 2019, 5:04 pm
Trump blaming the whole thing on the Fed is peak stupidity.
oh boy. for what it's worth, you do understand that whatever level of stupidity you think DJT has 'hit' today, tomorrow, or perhaps next week, he WILL surpass this in your 'opinion'?\


just like the old 'peak oil' issue of yester year, once again you will find yourself on shifting sands.

do you ever get tired of such blatantly wrong comments?

how many trump haters have been predicting the economy is going to tank since the election, since before he was sworn in?
Tommie=-boy Freidman, that 'nobel-laureate' was just one of them. finally after waiting breathlessly for about 3 years, you get a dip and are ready to tout 'how right you all were'.

feels a lot like taking credit for an economy that took off way beyond expectations as defined by 'your party' of the 'new normal'.


:rofl:

ChemicalKat
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Post by ChemicalKat » August 14th, 2019, 5:20 pm

A lot of projections, broad brush strokes, and flat out incorrect statements there EMAW.

The inverted yield curve has never failed to precede a recession since the Great Depression. And it inverted because of the trade war. Trump took a great economy and played around with it like a child who found a lighter. He’s a moron. Always was.
These users liked ChemicalKat for the post:
Section 12-2 (August 14th, 2019, 5:30 pm)

xtrawildcat
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Post by xtrawildcat » August 14th, 2019, 5:48 pm

The comment was Trump is an idiot for blaming it on the Fed. Yes, he is an idiot for blaming it on the fed.

None of us know for sure what will happen with the economy but it does become obvious that tax cuts had no long term positive impact on the economy and trade wars are a difficult thing to manage. That is fact.
The fact the fed is having to start cutting rates instead of raising them is not a good sign. Lower interest rates from what are historically low interest rates are really insignificant to the overall economy; Businesses and consumers already have no problem borrowing money at low interest rates.. The problem is whether they have the confidence to invest money in the economy with the uncertainties created by Trumps trade war and the fact that economic corrections do occur. Nobody can predict when they will happen with certainty and why they occur.

Ksuminnesotacat
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Post by Ksuminnesotacat » August 14th, 2019, 5:54 pm

The usual cast of doom porn lovers! The last I checked the stock market closed at 25,479 just a mere five years ago we were at what 13,000, yeah if only the left would have been this inventive to be at this volume then we could bemoan the fact that an 800 point drop was the sign of the end?

It must really suck actively hoping for a catastrophic down fall of economic, social and judiciary norms. Just to satisfy some imbecilic need to say it was Trumps fault. Tomorrow it will rise 900 points and this thread will rest till the next drop!

NealyFan
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Post by NealyFan » August 14th, 2019, 6:11 pm

Ksuminnesotacat wrote:
August 14th, 2019, 5:54 pm
The usual cast of doom porn lovers! The last I checked the stock market closed at 25,479 just a mere five years ago we were at what 13,000, yeah if only the left would have been this inventive to be at this volume then we could bemoan the fact that an 800 point drop was the sign of the end?

It must really suck actively hoping for a catastrophic down fall of economic, social and judiciary norms. Just to satisfy some imbecilic need to say it was Trumps fault. Tomorrow it will rise 900 points and this thread will rest till the next drop!
I didn’t mention Trump. I am glad the stock market is doing well. It is but one indicator of the health of the economy. The stock market was great in 2007-2008 until it wasn’t.

I am invested in the economy and stock market for the long haul. I don’t wish for catastrophe. If the economy is strong in 2020, I will be fine if Trump is re-elected. Mark it down right now

Ksuminnesotacat
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Post by Ksuminnesotacat » August 14th, 2019, 6:14 pm

NealyFan wrote:
August 14th, 2019, 6:11 pm
Ksuminnesotacat wrote:
August 14th, 2019, 5:54 pm
The usual cast of doom porn lovers! The last I checked the stock market closed at 25,479 just a mere five years ago we were at what 13,000, yeah if only the left would have been this inventive to be at this volume then we could bemoan the fact that an 800 point drop was the sign of the end?

It must really suck actively hoping for a catastrophic down fall of economic, social and judiciary norms. Just to satisfy some imbecilic need to say it was Trumps fault. Tomorrow it will rise 900 points and this thread will rest till the next drop!
I didn’t mention Trump. I am glad the stock market is doing well. It is but one indicator of the health of the economy. The stock market was great in 2007-2008 until it wasn’t.

I am invested in the economy and stock market for the long haul. I don’t wish for catastrophe. If the economy is strong in 2020, I will be fine if Trump is re-elected. Mark it down right now
Good very well thought out and reasonable post Nealy, your on the record.

xtrawildcat
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Post by xtrawildcat » August 14th, 2019, 8:29 pm

Ksuminnesotacat wrote:
August 14th, 2019, 5:54 pm
The usual cast of doom porn lovers! The last I checked the stock market closed at 25,479 just a mere five years ago we were at what 13,000, yeah if only the left would have been this inventive to be at this volume then we could bemoan the fact that an 800 point drop was the sign of the end?

It must really suck actively hoping for a catastrophic down fall of economic, social and judiciary norms. Just to satisfy some imbecilic need to say it was Trumps fault. Tomorrow it will rise 900 points and this thread will rest till the next drop!
The comment is about Trump blaming signs of economic slow down on the Fed.
1. Trump is the one talking about the economy showing weakness or he wouldn't be blaming the Fed.
2. Is Trump taking responsibility by blaming the Fed? What purpose does it serve for the President to blame the Fed. How about he just keep silent.
3. Trump says we are winning the trade war and it is not harming the economy and then he bails on the additional tariffs until Dec 15. So are we winning or not?

Problem with his tax cuts is the budget deficit it caused. Now, if the economy does slide back, there is no room for fiscal stimulus from government spending.

Ksuminnesotacat
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Post by Ksuminnesotacat » August 14th, 2019, 8:57 pm

Shovel ready type stimulus?

tmcats
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Pick 'Em

Post by tmcats » August 15th, 2019, 6:31 pm

ChemicalKat wrote:
August 14th, 2019, 5:20 pm
A lot of projections, broad brush strokes, and flat out incorrect statements there EMAW.

The inverted yield curve has never failed to precede a recession since the Great Depression. And it inverted because of the trade war. Trump took a great economy and played around with it like a child who found a lighter. He’s a moron. Always was.

Peter Mallouk (@PeterMallouk)
8/15/19, 3:51 PM
The last time the yield curve inverted was December 2005. The next year was positive. Being out would have burned investors. In mid-2007, the yield curve returned to normal. Investors that viewed that as a safe entry point entered months before the worst crash in decades.
"There ain't anybody stoppin' our ass!" CK

ChemicalKat
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Post by ChemicalKat » August 15th, 2019, 8:50 pm

tmcats wrote:
August 15th, 2019, 6:31 pm
ChemicalKat wrote:
August 14th, 2019, 5:20 pm
A lot of projections, broad brush strokes, and flat out incorrect statements there EMAW.

The inverted yield curve has never failed to precede a recession since the Great Depression. And it inverted because of the trade war. Trump took a great economy and played around with it like a child who found a lighter. He’s a moron. Always was.

Peter Mallouk (@PeterMallouk)
8/15/19, 3:51 PM
The last time the yield curve inverted was December 2005. The next year was positive. Being out would have burned investors. In mid-2007, the yield curve returned to normal. Investors that viewed that as a safe entry point entered months before the worst crash in decades.
I didn't say anything about investing or when to change asset allocation. Inverted yield curves are never good news and it has never failed to lead to a recession.

Maybe you'll get lucky though and the recession won't come until after Trump is kicked out of office in 2020. Then you can blame the recession on the democrat.

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