Page 4 of 4 FirstFirst 1234
Results 301 to 372 of 372

Thread: Trump Effect - Household Income Hits 15-Year High

  1. #301

  2. #302

    Default

    The DOW continues to free fall. It has already lost another 267 points (1.01%) just this morning

    It has fallen from 26,616 to 25,263 in just over a week, shedding 1,353 points, a 5.3% loss.

    Trump utterly silent.

    So much winning.
    Advocating a better Edmonton through effective, efficient and economical transit.

  3. #303

    Default

    Yup, the Dow is coming down slightly from it's peak record high.

  4. #304

    Default

    So much winning!


    Fox News pulls plug on Trump tax cut speech to break news of massive stock market sell-off

    “We are interrupting for breaking news,” Fox News anchor Shep Smith said. “There is quite a drop happening on Wall Street. A massive sell-off is happening today.”



    https://www.rawstory.com/2018/02/fox...rket-sell-off/

  5. #305

    Default

    Somebody got his widdle feewing hurt.

    And people love their country. It's you that they can't stand.

    BTW, the penalty for treason ranges from not less than five years in prison all the way up to death. Is he now calling for Democrats to be executed for not clapping for him?

    Donald Trump says Democrats who didn’t applaud during his State of the Union speech are ‘treasonous’

    “Someone said ‘treasonous.’ I guess, why not?” Trump added. “Can you call that treason? Why not. I mean, they certainly didn’t seem to love our country very much.”

    https://www.rawstory.com/2018/02/don...ch-treasonous/

  6. #306

    Default

    A 9% fall in one week.
    Dow Jones hit by worst fall since 2008
    http://www.bbc.com/news/business-42942921

    Remind me, who was President then?

    Could it have been a Republican?

    Trump, so much winning.

    Well I guess this is out of Trump's playbook. Go bankrupt and then get a government bailout.

    no...

    wait a second....
    Last edited by Edmonton PRT; 05-02-2018 at 03:13 PM.
    Advocating a better Edmonton through effective, efficient and economical transit.

  7. #307

    Default

    Quote Originally Posted by Edmonton PRT View Post
    A 9% fall in one week.
    Dow Jones hit by worst fall since 2008
    http://www.bbc.com/news/business-42942921

    Remind me, who was President then?

    Could it have been a Republican?

    Trump, so much winning.

    Well I guess this is out of Trump's playbook. Go bankrupt and then get a government bailout.

    no...

    wait a second....
    Trump was so quick and eager to take credit when the market was going up, so is he going to take responsibility for it going down now?

  8. #308

    Default

    It's still at a record high.

  9. #309

    Default

    Trump's already deflecting by calling Democrats treasonous for not standing to cheer him during his SOTU.
    I am in no way entitled to your opinion...

  10. #310

    Default

    Quote Originally Posted by MrOilers View Post
    It's still at a record high.
    So too is a guy who just jumped out of a plane at 40,000 feet without a parachute.

  11. #311

    Default

    I suppose if the economy is going to grow at 5.4% in the 1st quarter this year (as forecast), that will lead to some inflation, which stock markets hate.

  12. #312

    Default

    Quote Originally Posted by Dave View Post
    Quote Originally Posted by MrOilers View Post
    It's still at a record high.
    So too is a guy who just jumped out of a plane at 40,000 feet without a parachute.
    Also a record fall in just one day, 1,175 points.

    Trump in freefall, hoping for an updraft or a large pile of warm soft **** to land on.
    Last edited by Edmonton PRT; 05-02-2018 at 03:52 PM.
    Advocating a better Edmonton through effective, efficient and economical transit.

  13. #313
    C2E SME
    Join Date
    Dec 2009
    Location
    Downtown Edmonton
    Posts
    10,126

    Default

    Quote Originally Posted by MrOilers View Post
    It's still at a record high.
    huh? No, it isn't. By definition it cannot be at a "record high" if it was higher last week prior to the down days. Are you having a stroke or something?

  14. #314

    Default

    Quote Originally Posted by Marcel Petrin View Post
    Are you having a stroke
    Never at the office. Only on my own time.

  15. #315

    Default

    Quote Originally Posted by MrOilers View Post
    I suppose if the economy is going to grow at 5.4% in the 1st quarter this year (as forecast), that will lead to some inflation, which stock markets hate.
    FTFY

    a big "IF".

    If the market continues to crash, the economy could fall by 5.4%

    Face it, you have been drinking the purple kool-aid. This is the bitter aftertaste of cyanide.
    Advocating a better Edmonton through effective, efficient and economical transit.

  16. #316

    Default

    Well, it's Obama's economy.

  17. #317
    C2E SME
    Join Date
    Dec 2009
    Location
    Downtown Edmonton
    Posts
    10,126

    Default

    Quote Originally Posted by MrOilers View Post
    Quote Originally Posted by Marcel Petrin View Post
    Are you having a stroke
    Never at the office. Only on my own time.

  18. #318

    Default

    Quote Originally Posted by MrOilers View Post
    Well, it's Obama's economy.
    NOPE. That ended on the one year anniversary of the ******** President's election . Trump was riding the coattails of Obama for a full year. Soon as the honeymoon year was over and Trump got his yuge fabulous tax break for his rich friends, the markets took a nosedive. This is all on Trump.

    NO


    · Deflect
    · Delay
    · Deny
    · Discount
    · Deceive
    · Divide
    · Dulcify
    · Discredit
    · Destroy
    · Deal

    ALLOWED
    Advocating a better Edmonton through effective, efficient and economical transit.

  19. #319

    Default

    Quote Originally Posted by MrOilers View Post
    Well, it's Obama's economy.
    Sorry, the effects of Obama are now over, it's now Trumps economy, and boy, look at that. Over a Trillion dollars in value lost in a few days. I'm sure Trump will be tweeting about all that winning shortly.

  20. #320

    Default

    Trump's tax cuts are in force. It's been over a year. Funny how it was Trump's economy right from the time of the inauguration but now it's suddenly Obama's fault.

  21. #321

    Default

    The tax cuts are costing the US $10B to $15 EXTRA per month in lost revenue
    Advocating a better Edmonton through effective, efficient and economical transit.

  22. #322

    Default

    Quote Originally Posted by kkozoriz View Post
    Trump's tax cuts are in force. It's been over a year. Funny how it was Trump's economy right from the time of the inauguration but now it's suddenly Obama's fault.
    The markets may be concerned about the inflationary impact of the tax cuts. It certainly wasn't the right time for tax cuts, the economy was already doing fairly well, so it is kind of like pouring gasoline on a fire. Now the Fed will have to raise interest rates more, which risks deflating the asset bubble too quickly. Donald probably should have gotten a PhD in Economics from somewhere other than Trump University.

  23. #323

    Default

    But tax cuts is all they've got left. They're not FOR anything else. Once Trump gets done repealing everything Obama did, what's he got left except tax cuts and hating Muslims?

  24. #324

    Default

    The Roaring ‘20s

    Not PC: Quotes of the Morning: Before & after the 1929 crash

    http://pc.blogspot.com/2015/08/quote...fter-1929.html

    The Roaring Twenties Bubble & the Stock Market Crash of 1929 |

    “...

    Pre-bubble boom

    For the first time it became possible for Americans to buy on credit through the credo of ‘buy now, pay later’ practices that ushered in the Roaring Twenties. Generous lines of credit were offered by department stores for families who were not able to pay upfront but who could demonstrate their ability to pay in the future. Installment plans were also offered to buyers who were not able to pay upfront. More than half of the automobiles in the nation were sold on credit by the end of the 1920s. As a result, consumer debt more than doubled during the decade (PBS, n.d).

    Bubble mania

    Overall, the goal of most Americans was to put the fear and uncertainties of the World War I behind them and return to Normalcy. The country emerged from the war with a new respect around the world by President Woodrow Wilson became poised to lead cooperation in an international arena. With his death, this spirit of international cooperation ended and the Republic Party subsequently dominated the remainder of the 1920s (PBS, n.d).

    While there was a brief depression during the first part of the decade, it eventually receded under the stewardship of President Warren Harding and his institution of federal spending and tax cuts. When Harding died suddenly in 1923 and Calving Coolidge took control of the economy, matters began to change.

    By the middle of the decade, the economy had once again become sluggish as the Reserve banks relaxed requirements for credit and more than $500 million was created in new money. Loans totaling more than $4 billion were made available to the American public. The hope was that such measures would stimulate the economy; however, the opposite occurred as more and more consumers took on an increasing amount of debt and the price of stocks and real estate began to skyrocket. In 1926, Coolidge supported the Revenue Act, which reduced taxes on individuals with higher incomes but offered little relief to middle-income families (Chris Butler, 2007).

    After Coolidge decided not to run for office two years later Herbert Hoover emerged as the candidate for the Republican Party. When he was elected to office it appeared as though the American economy was stable. Within a year the exact opposite was true. Hoover found it increasingly difficult to gain control of a rapidly worsening economic situation. As a result of the panic of stockholders selling their stocks too rapidly for the system to be able to compensate, the stock market fell in the fall of 1929. Stocks were no longer traded at face value but were instead sold at whatever price they would bring (PBS, n.d.). ...”


    http://www.thebubblebubble.com/roaring-twenties-bubble/
    Last edited by KC; 05-02-2018 at 09:19 PM.

  25. #325

    Default

    So much winning



    $4 trillion wiped off global equity markets in the last week
    https://news.vice.com/en_ca/article/...global-markets
    Advocating a better Edmonton through effective, efficient and economical transit.

  26. #326

    Default

    Almost 5% gone.... thanks Trump!

  27. #327

    Default

    The DOW has been falling ever since the ******** President's State of the Union speech.
    Advocating a better Edmonton through effective, efficient and economical transit.

  28. #328
    C2E SME
    Join Date
    Dec 2009
    Location
    Downtown Edmonton
    Posts
    10,126

    Default

    You guys ought to engage with some logical consistency. If the rise in the stock market was not Trump's direct doing, then neither are the declines. Or vice versa, if the decline is Trump's fault, then so were the rises that came before it. I fall mostly with the first. Presidents/PMs don't impact the economy on such short term timelines. This is simply the correction I mentioned was inevitable last week. It might be a bump ride for a month or two, but I doubt we're heading towards a true bear market yet.

  29. #329

    Default

    Quote Originally Posted by Edmonton PRT View Post
    The DOW has been falling ever since the ******** President's State of the Union speech.

    Which happened to be when the 5.4% Q1 growth forecast was reported. With an economy that hot, money will be transferred out of stocks and put into bonds.

  30. #330

    Default

    Trump was the one pumping his chest that the stock market was his doing. He claimed that Obama handed him the worst economy when that was completely false.
    If Trump takes all the credit for the narkets going up, it is disingenuous of him to not accept that a downturn is on him. He has a history of never taking responsibility when things go wrong. Just ask laid off Carrier workers. That is the trait of a narcissist.

    Everyone knows that it takes about one year for the President's actions and government policy changes to affect the market. One year in, almost like clockwork, the markets reacted.
    Advocating a better Edmonton through effective, efficient and economical transit.

  31. #331
    C2E SME
    Join Date
    Dec 2009
    Location
    Downtown Edmonton
    Posts
    10,126

    Default

    Quote Originally Posted by Edmonton PRT
    Trump was the one pumping his chest that the stock market was his doing. He claimed that Obama handed him the worst economy when that was completely false. If Trump takes all the credit for the narkets going up, it is disingenuous of him to not accept that a downturn is on him. He has a history of never taking responsibility when things go wrong.


    That's true, but that doesn't give you cause to do the exact converse. You're doing the same but opposite thing that you criticize him for. Doing so is totally lacking in logical consistency.

  32. #332

    Default

    No, I stated all along for the past year, that if Trump is taking credit for the rising market, then he owns a falling market. I have been totally consistent.

    Trump makes statements that companies are giving employees a raise or bonus due to his tax breaks but won't say anything about companies who closed or moved operations offshore, bought equipment to automate and laid off workers, bought back stock or paid their shareholders more or are just going to sit on the piles of money that they are gaining with his yuge tax breaks.
    Last edited by Edmonton PRT; 06-02-2018 at 10:45 AM.
    Advocating a better Edmonton through effective, efficient and economical transit.

  33. #333

    Default

    Dow closed almost 600 points up after its historic one-day loss. Crazy.

  34. #334

    Default

    And mostly in a big twitch at the end of the day.

    The volatility isn't over.
    There can only be one.

  35. #335

    Default

    Dow down 1,032.89, 4.15%. Waiting for the Trump apologists (Trump included) to tell us how this is the best news and that the stock market just doesn't understand how great Trump is.

  36. #336

    Default

    US budget vote delay as senator foresees 'spending oblivion' - BBC News

    http://www.bbc.com/news/world-us-canada-42992908

  37. #337

    Default

    Quote Originally Posted by kkozoriz View Post
    Dow down 1,032.89, 4.15%. Waiting for the Trump apologists (Trump included) to tell us how this is the best news and that the stock market just doesn't understand how great Trump is.

    Yes, down 11% and 2,756 points in less than 2 weeks. Friday could be black.

    Tired of winning yet?

    Boy those tax cuts sure fired up the economy. Fired up = burned down
    Advocating a better Edmonton through effective, efficient and economical transit.

  38. #338

  39. #339

    Default

    People are selling stocks and investing in bonds, given that the 4-5% economic growth is going to lead to an interest rate hike.

    The US economy is getting hot!

  40. #340
    Addicted to C2E
    Mr. Reality Check

    Join Date
    Mar 2006
    Location
    Edmonton, Alberta
    Posts
    10,867

    Default

    Quote Originally Posted by MrOilers View Post
    People are selling stocks and investing in bonds, given that the 4-5% economic growth is going to lead to an interest rate hike.

    The US economy is getting hot!
    soooo... does that mean that for the last year - when people were buying stocks and not bonds - that the us economy wasn’t hot? now i’m really confused. i no longer know whether to believe you and trump or to believe you and trump. whichever one i choose i’ll be both right and wrong at the same time. it’s as if truth doesn’t matter any more...
    "If you did not want much, there was plenty." Harper Lee

  41. #341

    Default

    flip flop fan flip flops like flip flop does.

  42. #342

    Default

    Quote Originally Posted by kcantor View Post
    Quote Originally Posted by MrOilers View Post
    People are selling stocks and investing in bonds, given that the 4-5% economic growth is going to lead to an interest rate hike.

    The US economy is getting hot!
    soooo... does that mean that for the last year - when people were buying stocks and not bonds - that the us economy wasn’t hot?
    Economic growth wasn't 4-5%

    So I would say it wasn't as hot.

    I fail to see how that would confuse anyone.

  43. #343
    Addicted to C2E
    Mr. Reality Check

    Join Date
    Mar 2006
    Location
    Edmonton, Alberta
    Posts
    10,867

    Default

    Quote Originally Posted by MrOilers View Post
    Quote Originally Posted by kcantor View Post
    Quote Originally Posted by MrOilers View Post
    People are selling stocks and investing in bonds, given that the 4-5% economic growth is going to lead to an interest rate hike.

    The US economy is getting hot!
    soooo... does that mean that for the last year - when people were buying stocks and not bonds - that the us economy wasn’t hot? now i’m really confused. i no longer know whether to believe you and trump or to believe you and trump. whichever one i choose i’ll be both right and wrong at the same time. it’s as if truth doesn’t matter any more...
    Economic growth wasn't 4-5%

    So I would say it wasn't as hot.

    I fail to see how that would confuse anyone.
    but... but... i’m still confused - economic growth isn’t 4-5% now either.

    ps i hope you don’t mind my adding back in what you edited out of the post you quoted.
    Last edited by kcantor; 09-02-2018 at 10:04 AM.
    "If you did not want much, there was plenty." Harper Lee

  44. #344

    Default

    Quote Originally Posted by kcantor View Post
    Quote Originally Posted by MrOilers View Post
    People are selling stocks and investing in bonds, given that the 4-5% economic growth is going to lead to an interest rate hike.

    The US economy is getting hot!
    soooo... does that mean that for the last year - when people were buying stocks and not bonds - that the us economy wasn’t hot? now i’m really confused. i no longer know whether to believe you and trump or to believe you and trump. whichever one i choose i’ll be both right and wrong at the same time. it’s as if truth doesn’t matter any more...
    So, does that mean that Donald is wrong too? I'm so confused.



    Donald J. Trump‏Verified account
    @realDonaldTrump


    In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!

    6:59 AM - 7 Feb 2018

    https://twitter.com/realDonaldTrump/...tor-2018-02-07





  45. #345

    Default

    Stock Market still crashing

    Market summary > Dow Jones Industrial Average

    Feb. 9, 1:35 p.m. EST
    23,424.20 Price decrease
    Down 436.26 Points (-1.83%) just today!


    It was at 26,616 on Jan 26th
    DOWN 3,192 POINTS!
    Down over 13%

    Wipes out all gains made over past 3 months!

    May lead to Trump's 5th bankruptcy. The US Economy!

    Soooo much winning!

    See what happens when you try to stimulate an already hot (Obama) economy.
    Advocating a better Edmonton through effective, efficient and economical transit.

  46. #346

    Default

    Quote Originally Posted by MrOilers View Post
    People are selling stocks and investing in bonds, given that the 4-5% economic growth is going to lead to an interest rate hike.

    The US economy is getting hot!
    Bonds are falling though because bonds are even more sensitive to inflation and interest hikes than equities.

  47. #347

    Default

    Quote Originally Posted by kcantor View Post
    but... but... i’m still confused - economic growth isn’t 4-5% now either.
    A week ago, the 1st Quarter growth was projected to be 5.4%. That's when this started.
    Last edited by MrOilers; 09-02-2018 at 01:40 PM.

  48. #348

    Default

    Quote Originally Posted by Edmonton PRT View Post
    DOWN 3,192 POINTS!
    Down over 13%

    Wipes out all gains made over past 3 months!

    Yeah now it's only equal to its previous record high that it was just before Christmas.

  49. #349
    Addicted to C2E
    Mr. Reality Check

    Join Date
    Mar 2006
    Location
    Edmonton, Alberta
    Posts
    10,867

    Default

    Quote Originally Posted by MrOilers View Post
    Quote Originally Posted by kcantor View Post
    but... but... i’m still confused - economic growth isn’t 4-5% now either.
    A week ago, the 1st Quarter growth was projected to be 5.4%. That's when this started.
    ????? you have one notoriously wrong forecaster that threw that @rap projection on the wall to see if it would stick. consensus projections are still in the 2.2 - 2.9% range but with more caution than a week ago. and regardless of which first quarter or annual forecast for 2018 you want to hang your hat on, so far it’s certainly nowhere near your stated range of 4-5% and even further away from your now specific 5.4% that seems to have magically replaced the previous range.
    "If you did not want much, there was plenty." Harper Lee

  50. #350

    Default

    Hey, I only am repeating what I saw in the news. Serves me right, I suppose.

  51. #351

    Default

    Quote Originally Posted by MrOilers View Post
    Hey, I only am repeating what I saw in the news. Serves me right, I suppose.
    Where did you hear this, FOX and Friends?
    Advocating a better Edmonton through effective, efficient and economical transit.

  52. #352

    Default

    Quote Originally Posted by Edmonton PRT View Post
    Stock Market still crashing

    Market summary > Dow Jones Industrial Average

    Feb. 9, 1:35 p.m. EST
    23,424.20 Price decrease
    Down 436.26 Points (-1.83%) just today!


    It was at 26,616 on Jan 26th
    DOWN 3,192 POINTS!
    Down over 13%

    Wipes out all gains made over past 3 months!

    May lead to Trump's 5th bankruptcy. The US Economy!

    Soooo much winning!

    See what happens when you try to stimulate an already hot (Obama) economy.
    ? the dow jones is up over 23% of its entire life since Trump took office up 4458 points in a little over a year, stock market Crash did you fail math ?
    Last edited by Creativemind; 12-02-2018 at 01:41 AM.

  53. #353

    Default

    Trump took credit when it was going up, now it is going down. The previous President had a much better stock market performance in his first year and the Republicans called him a failure.

    What part of the double standard don't you understand?

    Obama had the best stock market performance since FDR. When he took office, he inherited an economy in free fall, dropping 18% in the 6 weeks after inauguration. By the end of his first year, he regained the 18% and added another 25 percent. (a 52% recovery) Stellar performance and he pulled the US out of the Great Recession with excellent policies and a strong cabinet that had to fight the obstructionist Republicans every step of the way. The Republicans even blocked votes on bills that were based upon Republican idea and policy.

    President Donald Trump and former President Barack Obama may seem very different -- but when it comes to the performance of their stock markets, they could hardly be more similar.

    The stock market has climbed 25.6% since Trump took office through the market's close on Tuesday. At the same point in Obama's term, the market had climbed by a virtually identical 25.8%. Of course, Obama's bull market came after the market bottomed out of the Great Recession. Trump's has built on what was already a strong economy. (meanwhile Trump lied that he inherited a mess)
    It's been a rollercoaster last few days for the Dow Jones Industrial Average, tumbling more than 2,000 points since the start of the month before rebounding slightly on Tuesday.
    The abrupt nosedive unraveled most of the market's gains since the beginning of the calendar year. Trump has repeatedly touted the stock market's gains during his term.

    See the interactive graph showing the history of the DOW Jones with the past 100+ years of Presidents.
    https://www.cnn.com/2018/02/06/polit...ate/index.html
    Last edited by Edmonton PRT; 12-02-2018 at 07:07 AM.
    Advocating a better Edmonton through effective, efficient and economical transit.

  54. #354

    Default

    Quote Originally Posted by Edmonton PRT View Post
    Trump took credit when it was going up, now it is going down. The previous President had a much better stock market performance in his first year and the Republicans called him a failure.

    What part of the double standard don't you understand?

    Obama had the best stock market performance since FDR. When he took office, he inherited an economy in free fall, dropping 18% in the 6 weeks after inauguration. By the end of his first year, he regained the 18% and added another 25 percent. (a 52% recovery) Stellar performance and he pulled the US out of the Great Recession with excellent policies and a strong cabinet that had to fight the obstructionist Republicans every step of the way. The Republicans even blocked votes on bills that were based upon Republican idea and policy.

    President Donald Trump and former President Barack Obama may seem very different -- but when it comes to the performance of their stock markets, they could hardly be more similar.

    The stock market has climbed 25.6% since Trump took office through the market's close on Tuesday. At the same point in Obama's term, the market had climbed by a virtually identical 25.8%. Of course, Obama's bull market came after the market bottomed out of the Great Recession. Trump's has built on what was already a strong economy. (meanwhile Trump lied that he inherited a mess)
    It's been a rollercoaster last few days for the Dow Jones Industrial Average, tumbling more than 2,000 points since the start of the month before rebounding slightly on Tuesday.
    The abrupt nosedive unraveled most of the market's gains since the beginning of the calendar year. Trump has repeatedly touted the stock market's gains during his term.

    See the interactive graph showing the history of the DOW Jones with the past 100+ years of Presidents.
    https://www.cnn.com/2018/02/06/polit...ate/index.html
    So Democrats think Obama should get credit for the rise under Trump but it falling is all Trump ... typical Fact is it's hit all record highs under Trump give credit when it's deserved it's just makes the left look stupid and why Trump was elected in the 1st place , people see the blatant hypocrisy that goes on and only builds the republicans stronger.

  55. #355

    Default

    Quote Originally Posted by Edmonton PRT View Post
    ^^Really

    The wretched right doesn't like this graph. It blows there minds. "What the stock market existed before Trump came in to power... hurrrrr"

  56. #356

    Default

    ^^Fact; ALL Presidents inherit issues, good and bad from their predecessors. Why would Trump be any different? He cannot say on day one after inauguration that every gain was his when he had not even passes one major bill for a year.



    The market takes time to react.

    Obama inherited the failing policies of Bush. Obama took the heat for months and turned things around to the positive.

    Trump inherited the rising stock market and full employment from Obama. Now the stock market is falling.
    Advocating a better Edmonton through effective, efficient and economical transit.

  57. #357

    Default

    Quote Originally Posted by Medwards View Post
    Quote Originally Posted by Edmonton PRT View Post
    ^^Really

    The wretched right doesn't like this graph. It blows there minds. "What the stock market existed before Trump came in to power... hurrrrr"
    You do realise that Obama gave 85 billion a month to the banks for 4 straight years at a cost of 4 trillion dollars as a handout so they could play the markets. It was called Obamas 4 trillion dollar gift which accounts for 20% of the entire US deficit . So your graph is distorted! And the facts are Obama did see a rise after a total collapse he was given credit for it although he pumped 4 trillion into it it did help at the cost of American debt to every citizen . It had some good spins people were able to refinance their loans and houses at a lot lower interest rate also stimulated the economy in other ways , So the market under Trump has done even better without the gifts so maybe he deserves some as well . And the wretched right lol is about as immature argument you can have . The left need to learn how to rationalise without emotions and look at facts.

  58. #358

    Default

    go a little further - why did Obama give that handout? I think your answer will be interesting.

  59. #359

    Default

    Quote Originally Posted by Medwards View Post
    go a little further - why did Obama give that handout? I think your answer will be interesting.
    To keep lower interest rates and help stop the bleeding of house foreclosures as well as small businesses the economy was taking to long to respond , food stamps were rising to all time levels . Like I said it had it pro' s and cons like most things government implements . And all things come at a cost

  60. #360

    Default

    You may have forgot, TOO BIG TO FAIL...

    Did you want Chrysler, GM, Freedie Mac, Fannie Mae and several of the big banks to fail?

    I don't like the bitter pill that we had to take but not doing the bailout would have wrecked the economy. Now with the economy roaring , Trump does something increadibly stupid. He throws gasoline on a heated economy which raises the rate of inflation and the tax cuts are already raising the debt with little benefit to show for it. Trump is the type that can drive a profitable casino out of business. Now he is running up the det like never before and the stock market is reacting to his insane corporate bailout when none was needed.

    Think harder Creativemind.
    Last edited by Edmonton PRT; 12-02-2018 at 09:26 AM.
    Advocating a better Edmonton through effective, efficient and economical transit.

  61. #361

    Default

    Quote Originally Posted by Creativemind View Post
    Quote Originally Posted by Medwards View Post
    go a little further - why did Obama give that handout? I think your answer will be interesting.
    To keep lower interest rates and help stop the bleeding of house foreclosures as well as small businesses the economy was taking to long to respond , food stamps were rising to all time levels . Like I said it had it pro' s and cons like most things government implements . And all things come at a cost
    ok great, so Obama pretty much had to give those handouts to stop the big banks for failing, which you related to the rise of the stock market for Obama's two terms. Now... Trump's been in power for just about a year, but the right has been claiming the stock market has been rising due to him since he was elected and before he even came in to power. What did Trump do to attribute that rise to him ??

  62. #362

    Default

    Quote Originally Posted by Medwards View Post
    Quote Originally Posted by Creativemind View Post
    Quote Originally Posted by Medwards View Post
    go a little further - why did Obama give that handout? I think your answer will be interesting.
    To keep lower interest rates and help stop the bleeding of house foreclosures as well as small businesses the economy was taking to long to respond , food stamps were rising to all time levels . Like I said it had it pro' s and cons like most things government implements . And all things come at a cost
    ok great, so Obama pretty much had to give those handouts to stop the big banks for failing, which you related to the rise of the stock market for Obama's two terms. Now... Trump's been in power for just about a year, but the right has been claiming the stock market has been rising due to him since he was elected and before he even came in to power. What did Trump do to attribute that rise to him ??
    Wow such a weak argument The banks were not failing the money was a gift Bush had already bailed them out , And I am going to laugh pretty soon since my career is in finance . Now take a good look at your graph You will notice two really big drops bigger in percentage than the drop this year what spurred those ? I will tell you talks of interest rates rising even after a major collapse the Dow did not recover to it's level till Obama's 2nd term and after pumping Trillions into markets the market cap has risen more under Trump without the gifts. The economy is stronger and consumer confidence is higher under Trump than anytime under Obama Unemployment as well plus a huge reduction of people under food stamps in one year. Now the left was yelling from the roof tops if Trump won the Markets would collapse instantly and the whole world economy would collapse , I have never in my life seen a political side be so wrong on so many accounts . Even the Russian collusion is all now pointing at Democrats not Trump

  63. #363

    Default

    Quote Originally Posted by Edmonton PRT View Post
    You may have forgot, TOO BIG TO FAIL...

    Did you want Chrysler, GM, Freedie Mac, Fannie Mae and several of the big banks to fail?

    I don't like the bitter pill that we had to take but not doing the bailout would have wrecked the economy. Now with the economy roaring , Trump does something increadibly stupid. He throws gasoline on a heated economy which raises the rate of inflation and the tax cuts are already raising the debt with little benefit to show for it. Trump is the type that can drive a profitable casino out of business. Now he is running up the det like never before and the stock market is reacting to his insane corporate bailout when none was needed.

    Think harder Creativemind.
    The bailouts were already done under Bush not Obama lol remember congressman stating they felt pressured to approve the bailout because Bush had the flipping military there . Bush and Obama will be known as 2 of the most corrupt presidents of all time and Clinton the sleaziest . The jury still out on Trump if he rids the leeches and suckers who have ripped of the public for years out of there he will go down as a good one. Just Like Stelmach and Redford destroyed a once good government and now we have the worst one yet imo. I don't care about left or right I care about who is there for the good of the people that's it

  64. #364

    Default

    sources on your allegations? I've seen lots of sources posted in this thread which disagree with just about everything you've said in the last two posts... and please, spare us laughing at foxnews, cnn, etc.

  65. #365

  66. #366

    Default

    Bush threats of martial law if bailout not approved

  67. #367

    Default

    I am anything but a Trump supporter but Creativemind actually quite accurately describes the current financial situation and the risk that the economy now faces. The main reason for the run-up in equities since the financial crisis was The Fed's massive and unprecedented amount of purchases of fixed-income securities from the US Treasury and banks. This has kept yields (i.e. interest rates) low and masked some serious fundamental weaknesses in the economy.

    The problem with this approach is that The Fed actually has no money. They financed their massive purchases by simply printing more money:
    almost as much money has been created in the last 10 years as in the previous 50 years.


    (Source: https://fred.stlouisfed.org/series/M...ign=categories)

    This means that rising prices are now inevitable because an increase in money supply is the underlying cause of inflation. The inflation genie is out of the bottle; there's really nothing that can be done now to stop it. Eventually this will start to show itself in consumer prices. At the same time The Fed is finally starting to reduce its balance sheet while the Treasury will have to continue to issue vast amounts of debt: bonds will thus tank and yields will spike. Interest rates will then go up because of the double whammy of inflation and rising yields. Corporations will be forced to service their record amounts of debt for the first time instead of keeping their share prices artificially high by paying dividends and buying back stock so equities will collapse. Meanwhile consumers will for the first time in a generation will be faced with both rising prices and rising interest rates; they will also be unable to service their debts. Banks that are historically over-leveraged on their derivatives based on both corporate and consumer debt will then be at risk.

    Everything is about to unwind: it will be a financial meltdown of epic proportions, probably exceeding the chaos of 2008, and as usual it will be innocent people that suffer the most. And its going to happen under the watch of a historically incompetent and chaotic administration led by a narcissistic and inept president. Trump is extraordinarily unqualified to be able to manage this situation but, in his defense, the situation was not of his making (although the tax cut package will make it worse).

  68. #368

    Default

    Quote Originally Posted by Edmonton PRT View Post
    Quote Originally Posted by MrOilers View Post
    Hey, I only am repeating what I saw in the news. Serves me right, I suppose.
    Where did you hear this, FOX and Friends?
    It was reported by NBC News (I posted it on February 1st on the previous page in this thread)

  69. #369

    Default

    There you go. We'll just take some money from Medicare, Medicade and Social Security and the tax cuts are all paid for. Easy peasy.

    That $1,000 one time bonus isn't going to go nearly as far as you thought it would, will it?

    Trump proposes cutting entitlements by $1.7 trillion — enough to pay for $1.5 trillion in tax cuts: report

    Bloomberg editor Alex Wayne reported on Monday that his publication had received confirmation that “Trump’s fiscal 2019 budget proposes $1.7 trillion in entitlement cuts over a decade.”


    Wayne noted that $237 billion in Medicare cuts are included in the plan.

    https://www.rawstory.com/2018/02/tru...x-cuts-report/

  70. #370

    Default

    That did not take long. Give the taxpayers a dime and give the top 1% a $100 bill and the corporations a a $1000 bill

    Then a couple of months later, take away the meager benefits from the 99%.
    Advocating a better Edmonton through effective, efficient and economical transit.

  71. #371
    C2E Posting Power
    Join Date
    Sep 2013
    Location
    I don't even know anymore :/
    Posts
    989

    Default

    Starve the beast in action.

    "Hey look, we took away these programs money and now they don't work. But it's clearly because the programs suck, not because they have no money!"

  72. #372

    Default

    Dow has been steadily climbing is back up above 25,200. Almost back to where it was one month ago.

Page 4 of 4 FirstFirst 1234

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •