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14 minutes ago, CousinsCowgirl84 said:

trump didn’t invent deficit spending...

 

. . . he just invented deficit spending done solely to make himself look good.  

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Posted (edited)

Man, hard day to be holding oil or cruise line stocks. How does a stock lose 45% in a day?? Santa Maria.

 

Happy to see Halliburton getting obliterated though.

 

 

Capture.JPG

Edited by ExoDus84
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1 minute ago, CousinsCowgirl84 said:

That’s not your portfolio is it @ExoDus84

 

Hell no, thank Zeus. I'm in a completely cash position on my investments at the moment.

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49 minutes ago, Larry said:

 

. . . he just invented deficit spending done solely to make himself look good.  

 

Feel like we’re giving W a pass here, as usual.

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3 hours ago, sportjunkie07 said:

The global economy needed a correction. 

 

It's kinda good in a way. 

 

It's works out for the dems too; they won't win if the economy is booming in november, that's part of the reason all the leftist websites are pushing the coronavirus as if it is a big deal. 

 

Newsflash: it's not. 

 

I expect things to correct by late summer. 

 

 

If it's "not a big deal" driven by the MSM why are other countries such as China and Italy acting like it's a big deal? China controls their media I believe.

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56 minutes ago, TryTheBeal! said:

 

Feel like we’re giving W a pass here, as usual.

 

I'm old enough to remember him being considered the worst president in American history.  Now hes the dude painting pictures and giving Michelle Obama chocolates because President Dips*** said "hold my beer".  

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2 hours ago, ExoDus84 said:

 

In all seriousness, the equities bubble was going to pop eventually. The huge problem now is the market has been propped up by tax cuts and damn near zero interest rates for a while now. Where do we go from here if there's indeed a recession? We're heading into war with no bullets. We're LEAVING a bull market with a trillion dollar deficit.

 

So what you're saying is that, in a situation that is completely novel and in no way could ever possibly have been predicted, Donald Trump's pure self interest, impulsive behavior, and complete lack of long term strategic thinking came back to bite us in the ass. 

 

giphy.gif

 

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Most Trump supporters are old enough to where they should have learned their lesson with the Bush tax cuts.  Similar situation, enters office with a decent economy in it's later stages, and decides to pass this huge tax cut.  Everyone gets a check in the mail, is happy for a week while they figure out what to buy, then within a month everything goes right back to how it was before except a the deficit is bigger and programs people actually rely on likely either lost funding or were cut all together.  

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10 minutes ago, NoCalMike said:

Most Trump supporters are old enough to where they should have learned their lesson with the Bush tax cuts.  Similar situation, enters office with a decent economy in it's later stages, and decides to pass this huge tax cut.  Everyone gets a check in the mail, is happy for a week while they figure out what to buy, then within a month everything goes right back to how it was before except a the deficit is bigger and programs people actually rely on likely either lost funding or were cut all together.  

 

That trickle down economics/tax cuts never work they way they're touted by Republicans is basically the worst kept secret ever. They all know it won't work the way they claim; they just don't care. Republicans are only "fiscal conservatives" when a Democrat is in the White House. Otherwise they're basically like kids in a candy store when it comes to spending (as long as it isn't for things that help the most vulnerable people in our society) and cutting taxes for corporations and the rich. This is objectively true. Every Republican POTUS since Reagan has left office with a much higher deficit than when they were elected. Clinton and Obama both left it less than when they took office. 

 

And they keep getting away with it. Why? Because their bull**** keeps being swallowed up at the trough by their supporters. Why change something that keeps working? No matter how many times it happens, Charlie Brown just keeps trying to kick that goddamn football. Only difference is that when Republicans pull the ball away from their supporters, the supporters get up off the ground, walk over to the Republicans and say "Hey, that was really cool of you to not teabag me while I was lying on the ground in pain after you punked me with the ball! You're a hell of a guy!"

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The entire US yield curve plunged below 1% for the first time ever. Here's why that's a big red flag for investors.

 

Investors plowed cash into US government bonds on Monday as they braced for the global economic fallout from the coronavirus outbreak and a brutal oil-price war after Saudi Arabia and Russia failed to agree on output cuts.


Surging demand drove up the price of US Treasuries, dragging down their yields and sending the entire yield curve below 1% for the first time ever. The yield on the benchmark 10-year Treasury touched a record low of less than 0.4%, while the 30-year Treasury yield slid below 1% — an unprecedented event.


The falling curve underscores the worsening outlook for the world economy.

 

"It signals the market is worried about a global recession and aggressive monetary easing by the Fed," Neil Wilson, the chief market analyst for Markets.com, told Business Insider in an email on Monday.


"It will eventually settle down, and the real risk is when rates snap back," he added.

 

Click on the link for the full article

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32 minutes ago, mistertim said:

Every Republican POTUS since Reagan Eisenhower has left office with a much higher deficit than when they were elected. Clinton and Obama both Every Democrat since FDR left it less than when they took office. 

 

Just wanted to correct that for you.  

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Posted (edited)

 

10 hours ago, CousinsCowgirl84 said:

what lol?


people who are complaining about the deficit spending because the economy is doing well and deficit spending only be used in weak economies are saying the economy is not strong.
 

trump didn’t invent deficit spending...

 

 

if needed, there is always qualitative easing and direct stimulus. (Cash for clunkers)  However if supply chains are disrupted, no economic stimulus is going to save the economy... 

And if there’s a glut of bad corporate debt because of your party’s deregulation that endangers the financial system once again? Oh, wait. We can just blame it on POC mortgage holders again. Yeah, those red state rubes will buy that. They believe everything we tell ‘em.  Especially about the blacks being at fault for literally everything. Morons. Heh, heh, heh.

 

8 hours ago, NoCalMike said:

Most Trump supporters are old enough to where they should have learned their lesson with the Bush tax cuts.  Similar situation, enters office with a decent economy in it's later stages, and decides to pass this huge tax cut.  Everyone gets a check in the mail, is happy for a week while they figure out what to buy, then within a month everything goes right back to how it was before except a the deficit is bigger and programs people actually rely on likely either lost funding or were cut all together.  

C’mon now pal. I got my $200 in the mail. That’s pretty much equal to the billions the super rich got...the last time, and the time before that, and this time. And no, that’s not welfare when the super rich get it. It’s helping the job creators to create more jobs...with wages we can’t live on without SNAP benefits. Winning!

Edited by The Sisko
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50 minutes ago, Springfield said:

My 401k is down 17% since Jan 1.  Lulz this is great.

Wonder how much its down since around 20 February, which was about the market high. 

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4 minutes ago, hail2skins said:

Wonder how much its down since around 20 February, which was about the market high. 


do you wanna make me cry today?

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35 minutes ago, Springfield said:


do you wanna make me cry today?

 

Do you need to ask?

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https://www.npr.org/2020/03/12/814853898/stocks-in-meltdown-over-trumps-coronavirus-plan

 

Quote

The stock market continued its relentless, breathtaking drop Thursday — moving deeper into bear territory — with major U.S. indexes sinking as much as 8%. Stocks fell so fast, it triggered a 15-minute halt in trading for the second time this week.

The Dow Jones Industrial Average was down more than 2,100 points, or 7.8%. The S&P 500 fell 7.5% and the Nasdaq was down 6.5%.

Those indexes are now down more than 25% from record highs set just last month.

The market tumble came hours after President Trump announced a 30-day ban on travel from European countries to the United States.

Trump said it was an effort to stem the spread of the coronavirus, but the move caused confusion on both sides of the Atlantic and drew skepticism from several health experts.

Thursday's drop followed a nearly 6% percent plunge in the Dow on Wednesday, when the blue chip index entered a bear market, defined as falling 20% from its peak. The S&P 500 is now also in a bear market, ending an 11-year winning streak.

 

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Dumped all my 401k money into the safest fund Fidelity had available and I’m annoyed the damn thing still has a blend of 35% stocks, so it’s still losing money. Not nearly as much now though. 

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On 3/9/2020 at 3:51 PM, ExoDus84 said:

 

Hell no, thank Zeus. I'm in a completely cash position on my investments at the moment.

 

So in the pimping industry. 

Tough business, can be very profitable however, even in tough economic times. 

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