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blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
What does that have to do with what I wrote though?

Sorry I guess I thought you were talking about the stock market when you said "the absolute chaotic incompetence on display here from his administration can’t be helping.".

If its not, what isnt it helping?
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
I referenced the usual conservative disregard for anybody not them.

In this specific example (investing and the stock market) its not a conservative or liberal thing. Its an individual thing. Its no one's but ourselves responsibility.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
But....the economy HASNT crashed. Stock market != the economy. At least in my mind, I look at market corrections as better for my bottom line using dollar cost averaging.

Now, if unemployment and/or inflation had risen to double digits, that would be a different discussion.

You probably said the same thing in October of 2007-


Here's the look Kudlow gives us when he's trying to gauge how much bullshit we'll swallow-


Don't want to do anything to bust the budget because they already did that with tax cuts for the Rich...
 

fskimospy

Elite Member
Mar 10, 2006
85,620
50,826
136
Sorry I guess I thought you were talking about the stock market when you said "the absolute chaotic incompetence on display here from his administration can’t be helping.".

If its not, what isnt it helping?
It’s not helping the stock market.

Do you think having a totally non-credible administration helps or hurts the stock market, all things being equal?
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
In this specific example (investing and the stock market) its not a conservative or liberal thing. Its an individual thing. Its no one's but ourselves responsibility.

The topic at hand is a lot broader than that. Extreme market swings are a feature of poorly regulated Capitalism. It's what happens when the GOP gets to run things.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,336
136
Oh I got that. So Ill ask again. What POTUS has taken responsibility for negative things? Hasnt EVERY POTUS taken credit for good things? Ever watch a SOTU address from any other President?
Maybe it's time for us to expect more from our leaders than just pompous fools who take all the credit but none of the blame.
 

zzyzxroad

Diamond Member
Jan 29, 2017
3,255
2,272
136
Oh I got that. So Ill ask again. What POTUS has taken responsibility for negative things? Hasnt EVERY POTUS taken credit for good things? Ever watch a SOTU address from any other President?

Oh good, took long enough.

Many but let's start with the last one. They also take credit for things and brag. Trump is different though... His brain is Abbey Normal.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
You probably said the same thing in October of 2007-


Here's the look Kudlow gives us when he's trying to gauge how much bullshit we'll swallow-


Don't want to do anything to bust the budget because they already did that with tax cuts for the Rich...

The economy was rocky mostly due to the rise of unemployment due to the housing crash...twice that of the tech crash in the early 2000's. Inflation remained low though through both events.

The thing that didnt change during both those events? I put away the same amount of money every month (when I was employed that is...had 3 layoffs in 2 year 2002-2004).

Im not quite sure what the rest of your dribble is about though.

edit: for the 2007 crash, theres no one really to blame. That mess was the collective responsibility of the world's central banks, homeowners, lenders, credit rating agencies, underwriters, and investors.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
It’s not helping the stock market.

Do you think having a totally non-credible administration helps or hurts the stock market, all things being equal?

Usually it hurts. In the 3 years Trump has been in office, Ive earned more percentage-wise than 3 of my top years in the Obama administration. And my investments really havent changed much.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
The topic at hand is a lot broader than that. Extreme market swings are a feature of poorly regulated Capitalism. It's what happens when the GOP gets to run things.

So youre saying this recent market crash is due to that?
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Oh good, took long enough.

Many but let's start with the last one. They also take credit for things and brag. Trump is different though... His brain is Abbey Normal.

Ah yes the tried and true excuse of yeah others have done it but not like Trump!

mmmmkay. So?
 

zzyzxroad

Diamond Member
Jan 29, 2017
3,255
2,272
136
Ah yes the tried and true excuse of yeah others have done it but not like Trump!

mmmmkay. So?
Lol excuse.... What am I making an excuse for? I simply pointed out a fact.

His brain is Abbey Normal.
 
Last edited:

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
So youre saying this recent market crash is due to that?

It encourages risk taking & creates fragility. It was already ripe for a fall when the FRB intervened in the repo market last September. Coronavirus just started the avalanche waiting to happen.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
It encourages risk taking & creates fragility. It was already ripe for a fall when the FRB intervened in the repo market last September. Coronavirus just started the avalanche waiting to happen.

You know, although we disagree on many things, I always though you an intelligent man. Now, however, I see you for what you really are. A tile in the left's echo chamber doing nothing but fear-mongering.

If you honestly think Trump had ANY part of this crash, you know ZERO about this event.

You probably thought Bush caused the housing meltdown too, right?

LOL
 

dank69

Lifer
Oct 6, 2009
36,114
30,505
136
You know, although we disagree on many things, I always though you an intelligent man. Now, however, I see you for what you really are. A tile in the left's echo chamber doing nothing but fear-mongering.

If you honestly think Trump had ANY part of this crash, you know ZERO about this event.

You probably thought Bush caused the housing meltdown too, right?

LOL
No, Trump just exhausted all the levers we should have saved to combat a recession, in order to keep the market from tumbling earlier because his ego can't handle the economy tanking under his watch. Oh and btw he cut funding to the CDC limiting their ability to deal with a problem like covid-19.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
No, Trump just exhausted all the levers we should have saved to combat a recession, in order to keep the market from tumbling earlier because his ego can't handle the economy tanking under his watch. Oh and btw he cut funding to the CDC limiting their ability to deal with a problem like covid-19.
Having a billion test kits wouldnt have stopped the crash. That's not AT ALL why it crashed.
 
Last edited:

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
You know, although we disagree on many things, I always though you an intelligent man. Now, however, I see you for what you really are. A tile in the left's echo chamber doing nothing but fear-mongering.

If you honestly think Trump had ANY part of this crash, you know ZERO about this event.

You probably thought Bush caused the housing meltdown too, right?

LOL

He signed the budget busting tax cuts that flooded markets with hot money chasing returns that weren't there in the first place. It's the same thing that happened with the Bush taxcuts & the housing bubble. It's just a different credit bubble. Our politicized FRB has extended & pretended that the business cycle no longer exists for as long as they could until they have no effective options left to play. Now he tweeted that it's all about the oil, even though that hadn't happened until after the markets were already in turmoil over the coronavirus.

The GOP always drives the economy like they stole it, which apparently they have, again.
 
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