Honest question... Why haven't I seen a SINGLE DNC/DCCC/SuperPAC ad buy calling out Trump and Republicans for their failing economic policy yet? Two weeks from midterms and Dems are gonna miss their "it's the economy stupid" opportunity.
And despite Slows rabid bullshitting in multiple threads, he can't make it back this thread for some reason. Weird.these threads always turn into huge backfires. Remember prof john proclaiming all was well before the 2008 apocalypse?
Another day of staggering losses. -550 pt drop. Back to negative for the year.
Goddamn if I blinked and missed the midterm bump
So yea, if you roll out huge tax cuts for the top 1-5% they will wind up spending some of that back into the economy. Now here's the bad news, since Trump also wanted to pump up the military at the same time the deficit went over a trillion dollars for one fiscal year, this is NUTS in a good economy, someone will have to pay this back eventually, who will it be?. Sit your grand-kids down and have a nice chat with them so they understand us greedy fuc*s refused to even THINK about living within our means and THEY are on the hook for all this.Deregulating, consumer confidence way up, workforce participation ticking up, better trade deals secured... all unique Trump victories leading to a better today and tomorrow for you and I. Keep fighting the good fight, though.
So yea, if you roll out huge tax cuts for the top 1-5% they will wind up spending some of that back into the economy. Now here's the bad news, since Trump also wanted to pump up the military at the same time the deficit went over a trillion dollars for one fiscal year, this is NUTS in a good economy, someone will have to pay this back eventually, who will it be?. Sit your grand-kids down and have a nice chat with them so they understand us greedy fuc*s refused to even THINK about living within our means and THEY are on the hook for all this.
Oh, you care about deficits now. They were nearly twice as bad under Obama at this time of his presidency. The market may be down but the economy is humming along. We're in a trade war, there will be sacrifices until we win. Be happy you can buy low now.
Oh, you care about deficits now. They were nearly twice as bad under Obama at this time of his presidency. The market may be down but the economy is humming along. We're in a trade war, there will be sacrifices until we win. Be happy you can buy low now.
See this is why you get ridiculed around here. It's not because you're a conservative (right, right. You were "very much a Democrat"). It's because you're stupid.Oh, you care about deficits now. They were nearly twice as bad under Obama at this time of his presidency. The market may be down but the economy is humming along. We're in a trade war, there will be sacrifices until we win. Be happy you can buy low now.
But Obama inherited a nightmare of an economy, GM, Ford, Chrysler were on the brink of failing, wall street was awash in bad debt brought on by the former GOP administration "loosening up" banking regulations. People were signing mortgages they could not possibly afford, hell mine in '93 took 3-4 weeks of document gathering before we were finally approved. This was how it's supposed to work, document income, employment, bank deposits, then tell the applicants you can afford a specific price range on a home. Bush's administation's deregulation threw all that into the fire, when these garbage mortgages got sold on wall St. as "A" grade bond's the crap was all set to fall like a house of cards. Ringing up huge deficits is something that should be reserved for emergency's, not giving the economy an artificial boost it did not even need.Oh, you care about deficits now. They were nearly twice as bad under Obama at this time of his presidency. The market may be down but the economy is humming along. We're in a trade war, there will be sacrifices until we win. Be happy you can buy low now.
But Obama inherited a nightmare of an economy, GM, Ford, Chrysler were on the brink of failing, wall street was awash in bad debt brought on by the former GOP administration "loosening up" banking regulations. People were signing mortgages they could not possibly afford, hell mine in '93 took 3-4 weeks of document gathering before we were finally approved. This was how it's supposed to work, document income, employment, bank deposits, then tell the applicants you can afford a specific price range on a home. Bush's administation's deregulation threw all that into the fire, when these garbage mortgages got sold on wall St. as "A" grade bond's the crap was all set to fall like a house of cards. Ringing up huge deficits is something that should be reserved for emergency's, not giving the economy an artificial boost it did not even need.
the wind, that's what you're pissing into.
Dude, that's EXACTLY what happened, mortgages were long considered "A" grade investment's on wall St. because they were so thoroughly vetted, foreclosure rates were low because buyers were only allowed to but what they could actually afford. Even if a property had to be foreclosed, it was usually worth close to what was loaned out to buy it. This was NOT what happened during the economic collapse, facts matter so why not consider exploring them before posting a crap response moron.the wind, that's what you're pissing into.
Dude, that's EXACTLY what happened, mortgages were long considered "A" grade investment's on wall St. because they were so thoroughly vetted, foreclosure rates were low because buyers were only allowed to but what they could actually afford. Even if a property had to be foreclosed, it was usually worth close to what was loaned out to buy it. This was NOT what happened during the economic collapse, facts matter so why not consider exploring them before posting a crap response moron.
Exactly this, sorry if it was misinterpreted, and I saw how it could be when I posted it, but knew I could clear it up if that happened.I'm pretty sure his comment was in reference to who your comment was directed at, as in you are wasting your time talking to a brick wall.
Those that live in reality understand what you are saying and we've known the issues and causes of the crash for a while.
that statement was basically meant to say, 'you're wasting your time with facts, logic and reasoning with that moron' Slow your roll a bitDude, that's EXACTLY what happened, mortgages were long considered "A" grade investment's on wall St. because they were so thoroughly vetted, foreclosure rates were low because buyers were only allowed to but what they could actually afford. Even if a property had to be foreclosed, it was usually worth close to what was loaned out to buy it. This was NOT what happened during the economic collapse, facts matter so why not consider exploring them before posting a crap response moron.
OK, sorry, my bad.that statement was basically meant to say, 'you're wasting your time with facts, logic and reasoning with that moron' Slow your roll a bit
DJI down 800 pts today as everyone woke up to the fact that the "trade war cease fire" was purely based on Trumpian bullshit.
Ah man, we had been making some progress to get back some gains after the Fed speech on rates. What do you bet Slow was getting an inchy finger to jump back in his thread and claim victory of getting back to 26k?
Ah damn, then today happened.
In other news, yield curves are starting to invert in the bond market. First time since 2007.
Not time to get the panic button yet, but this is not a trend you want to see develop.
Yield inversions are typically seen as a precursor to a recession, as short term bonds are priced as higher risk over long-term bonds, indicating a lack of confidence in near term performance.
You parially got the inverted yield curve right, but to think one 800 point drop is due to Trump shows you dont know how the market works. Ever heard of automated stop limits?