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-   -   Economics Dow plunges more than 800 points (https://www.chiefsplanet.com/BB/showthread.php?t=318101)

oaklandhater 10-10-2018 02:34 PM

Dow plunges more than 800 points
 
Right before midterms as well good..


Pummeling the NASDAQ too. Down 315.

BleedingRed 10-10-2018 02:35 PM

Quote:

Originally Posted by oaklandhater (Post 13805416)
Right before midterms as well good..

.

All you need to know about liberals and why I'm at the point of hoping they all die from aids

Marcellus 10-10-2018 02:36 PM

Quote:

Originally Posted by oaklandhater (Post 13805416)
Right before midterms as well good..


Pummeling the NASDAQ too. Down 315.

Good huh? LMAO you are suck a ****ing piece of shit coward.

Its still up overall and has plenty of time to rebound. I guess you haven't been paying attention the last year +.

Moron.

oaklandhater 10-10-2018 02:37 PM

Quote:

Originally Posted by BleedingRed (Post 13805423)
All you need to know about liberals and why I'm at the point of hoping they all die from aids

trade tariffs are ripping us apart money is gonna be the only way the south gets their shit together and votes this asshole out.

ptlyon 10-10-2018 02:38 PM

WTF happened? They worried new England will lose Sunday?

oaklandhater 10-10-2018 02:38 PM

Quote:

Originally Posted by Marcellus (Post 13805424)
Good huh? LMAO you are suck a ****ing piece of shit coward.

Its still up overall and has plenty of time to rebound. I guess you haven't been paying attention the last year +.

Moron.

still got a ways to midterm and the ford layoff are hitting hard.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">More Americans disapprove than approve of Trump’s sweeping tax overhaul bill signed into law last year, 46% to 39%. <a href="https://t.co/cMImBqb4ih">https://t.co/cMImBqb4ih</a> <a href="https://t.co/QSenZ46Sny">pic.twitter.com/QSenZ46Sny</a></p>&mdash; GallupNews (@GallupNews) <a href="https://twitter.com/GallupNews/status/1050109257033560064?ref_src=twsrc%5Etfw">October 10, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


also more and more people are hating on the tax cut.

DJ's left nut 10-10-2018 02:38 PM

{shrug}

Did you need to sell off stock today? It'll rebound a bit tomorrow after people try to get back in for the dead cat bounce and then it will do what it always does. I'm not too terribly concerned and lord knows Oakland Hater shouldn't be. E-Trade doesn't accept EBT cards.

BleedingRed 10-10-2018 02:39 PM

Quote:

Originally Posted by oaklandhater (Post 13805427)
trade tariffs are ripping us apart money is gonna be the only way the south gets their shit together and votes this asshole out.

Buwahhahahah ok.........

We will never vote for your outstanding citizened version of America

oaklandhater 10-10-2018 02:40 PM

Quote:

Originally Posted by BleedingRed (Post 13805433)
Buwahhahahah ok.........

We will never vote for your outstanding citizened version of America

Then let it fall 2020 is gonna be the next big recession god knows america deserves everything coming it's way.

ChiefsCountry 10-10-2018 02:41 PM

Meh. Interest rates going up caused the stock market to sell off today. No biggie in the scheme of things.

BleedingRed 10-10-2018 02:41 PM

Quote:

Originally Posted by oaklandhater (Post 13805437)
Then let it fall 2020 is gonna be the next big recession god knows america deserves everything coming it's way.

Seriously just ****ing leave, or start the civil war. Because at this point I'd love to see your side get whats coming.

HonestChieffan 10-10-2018 02:42 PM

anyone with cash on sidelines has a great buy opportunity in this

ChiefsCountry 10-10-2018 02:43 PM

Quote:

Originally Posted by HonestChieffan (Post 13805444)
anyone with cash on sidelines has a great buy opportunity in this

Yep. A couple of the guys in my office that do the stock market game. Bought pretty good today.

Marcellus 10-10-2018 02:43 PM

Quote:

Originally Posted by oaklandhater (Post 13805437)
Then let it fall 2020 is gonna be the next big recession god knows america deserves everything coming it's way.

You really are one of the dumbest scumbags around, your stupidity an ignorance are only outweighed by how loathsome you are.

oaklandhater 10-10-2018 02:43 PM

Quote:

Originally Posted by BleedingRed (Post 13805442)
Seriously just ****ing leave, or start the civil war. Because at this point I'd love to see your side get whats coming.

didn't the south lose the last civil war?

oaklandhater 10-10-2018 02:44 PM

Quote:

Originally Posted by ChiefsCountry (Post 13805448)
Yep. A couple of the guys in my office that do the stock market game. Bought pretty good today.

it's suppose to drop twice more before monday.

where we get the bounce back a bit.

BleedingRed 10-10-2018 02:44 PM

Quote:

Originally Posted by oaklandhater (Post 13805451)
didn't the south lose the last civil war?

How many guns do you own?

Prison Bitch 10-10-2018 02:44 PM

Man this is a bad sign for the Obama economy

Marcellus 10-10-2018 02:45 PM

Quote:

Originally Posted by oaklandhater (Post 13805454)
it's suppose to drop twice more before monday.

where we get the bounce back a bit.

Is that what twitter told you?

oaklandhater 10-10-2018 02:45 PM

Quote:

Originally Posted by BleedingRed (Post 13805455)
How many guns do you own?

3

DJ's left nut 10-10-2018 02:45 PM

Quote:

Originally Posted by ChiefsCountry (Post 13805441)
Meh. Interest rates going up caused the stock market to sell off today. No biggie in the scheme of things.

And if interest rates didn't start to get back up with us reaching near full employment, the inflationary impact would've been brutal.

Now inflation is great news for the nuts on the left; it devalues wealth in the hands of the evil upper class while simultaneously pushing up minimum wages in the majority of states that now have CPI inflators. Inflation's a great thing for them because, well, they're stupid.

But for everyone else, they know that you can't just keep it in the red line without blowing the engine. There has to be a bit of a governor here to avoid serious inflationary shock.

Pretty much 'Macro-economics 101' shit here but there's no real surprise that Oaklandhater whiffs on it.

Marcellus 10-10-2018 02:46 PM

Quote:

Originally Posted by Prison Bitch (Post 13805458)
Man this is a bad sign for the Obama economy

It was Obama's yesterday and every day good things happen, today it's Trump's economy.

When it rebounds and climbs again it will Obama's.

oaklandhater 10-10-2018 02:46 PM

Quote:

Originally Posted by Marcellus (Post 13805459)
Is that what twitter told you?



No that's what it is saying on the tv right now.

oaklandhater 10-10-2018 02:46 PM

Quote:

Originally Posted by Marcellus (Post 13805465)
It was Obama's yesterday and every day good things happen, today it's Trump's economy.

When it rebounds and climbs again it will Obama's.

any drop is gonna be blamed on the trade tariffs.

they are highly unpopular and trump can get ****ed until he lifts them.

alpha_omega 10-10-2018 02:47 PM

Quote:

Originally Posted by oaklandhater (Post 13805416)
Right before midterms as well good..


Pummeling the NASDAQ too. Down 315.

Why is that good?

Marcellus 10-10-2018 02:48 PM

Quote:

Originally Posted by oaklandhater (Post 13805463)
3

A pop gun
A squirt gun
And
A nerf gun

Marcellus 10-10-2018 02:48 PM

Quote:

Originally Posted by oaklandhater (Post 13805468)
any drop is gonna be blamed on the trade tariffs.

they are highly unpopular and trump can get ****ed until he lifts them.

Twitter tell you that?

Prison Bitch 10-10-2018 02:49 PM

I knew it was back to being Trumps wconomy today.

This stuff isn't al that confusing. It SEEMS so, but trust me, there's actually a pattern.

oaklandhater 10-10-2018 02:49 PM

Quote:

Originally Posted by Marcellus (Post 13805472)
A pop gun
A squirt gun
And
A nerf gun

no they belonged to my grandfather.

I have them locked up.

HonestChieffan 10-10-2018 02:50 PM

Getting any info from OH is a waste of time.

ChiefsCountry 10-10-2018 02:50 PM

Quote:

Originally Posted by DJ's left nut (Post 13805464)
And if interest rates didn't start to get back up with us reaching near full employment, the inflationary impact would've been brutal.

Now inflation is great news for the nuts on the left; it devalues wealth in the hands of the evil upper class while simultaneously pushing up minimum wages in the majority of states that now have CPI inflators. Inflation's a great thing for them because, well, they're stupid.

But for everyone else, they know that you can't just keep it in the red line without blowing the engine. There has to be a bit of a governor here to avoid serious inflationary shock.

Pretty much 'Macro-economics 101' shit here but there's no real surprise that Oaklandhater whiffs on it.

Yep this right here.

jjjayb 10-10-2018 02:51 PM

You think it might have somethin to do with the fed raising rates AGAIN? Of course you don't. Orange man bad!

DJ's left nut 10-10-2018 02:53 PM

Quote:

Originally Posted by oaklandhater (Post 13805468)
any drop is gonna be blamed on the trade tariffs.

they are highly unpopular and trump can get ****ed until he lifts them.

You realize that he plans to do precisely that, right? Like, you know how a trade war actually operates, don't you?

The point of the tariffs are not now and have not ever been a permanent measure. They're a pinch point; squeezing a nerve until it hurts. And if you want to give this a reasonable examination, they're hurting them more than they're hurting us (China's economy is a very odd little house of cards). Now that's not to say in the near term they don't hurt us; such is the nature of any 'war'. But when you're sitting in a strong economy and have more runway to work with, you deal with the sting, force the other side to the table when they can't do so anymore and then you negotiate better terms.

That's what's going to happen. The only way it doesn't is if he does something silly and pulls the cord on these before substantive negotiations bear fruit because he lacks the political will to just ignore idiots like you. Even the Ford layoffs have been laughably overstated by an alarmist left. Those impacts have been global and again - are almost certainly to be be felt outside of our shores more than inside them.

Would I have expended the political capital on this gambit of his? No, no I would not. But the justification for them is sound and there are potentially great long-term benefits to the country. This is an example of putting country ahead of politics, even if it does take a bit of a gamblers bone to try it.

GloryDayz 10-10-2018 02:54 PM

I have faith... I'll just have to vote for Trump a few more time in 2020 and it'll come back...

NinerDoug 10-10-2018 02:56 PM

I thought that might be coming. Chinese stocks took a dive yesterday, I believe.

oaklandhater 10-10-2018 02:58 PM

Quote:

Originally Posted by jjjayb (Post 13805486)
You think it might have somethin to do with the fed raising rates AGAIN? Of course you don't. Orange man bad!

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">&quot;The International Monetary Fund warned recently that global economic growth was being crimped by trade tensions and a tit-for-tat over tariffs.&quot;<br><br>Hmmm, wonder who is responsible for all of that?</p>&mdash; David Condreay (@CondreayDavid) <a href="https://twitter.com/CondreayDavid/status/1050117389721862144?ref_src=twsrc%5Etfw">October 10, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


**** the trade tariffs.

displacedinMN 10-10-2018 02:58 PM

Not really worried yet.

GloryDayz 10-10-2018 02:58 PM

Quote:

Amazon and tech shares lead the rout
So Trump talks about "Big Governmenting" some tech companies and now this. LMAO

Quote:

Shares of Amazon declined 6.2 percent on Wednesday, while Netflix slid 8.4 percent. Facebook and Apple also fell more than 4 percent each. These stocks are top performers for the year and for most of the bull market. For the overall tech sector in the S&P 500, it was the worst day in seven years, dropping 4.8 percent.
https://www.cnbc.com/2018/10/10/us-m...-in-focus.html

Prison Bitch 10-10-2018 02:59 PM

OH should be thrilled stocks are going down. Let's more poor and young buy them. What millennial wants a high stock market to buy into? Hell no they want cheap stocks to get appreciation from over 40 years.


High stock market only benefits weathynolder white folks who vote Repub.

patteeu 10-10-2018 03:03 PM

Quote:

Originally Posted by HonestChieffan (Post 13805444)
anyone with cash on sidelines has a great buy opportunity in this

What do you recommend?

oaklandhater 10-10-2018 03:04 PM

Quote:

Originally Posted by Prison Bitch (Post 13805512)
OH should be thrilled stocks are going down. Let's more poor and young buy them. What millennial wants a high stock market to buy into? Hell no they want cheap stocks to get appreciation from over 40 years.


High stock market only benefits weathynolder white folks who vote Repub.

and if I had it to do all over again I would have bought the hell in during the 08 fall.

Chiefspants 10-10-2018 03:05 PM

Meh

Cosmos 10-10-2018 03:08 PM

Quote:

Originally Posted by oaklandhater (Post 13805416)
Right before midterms as well good..


Pummeling the NASDAQ too. Down 315.

Trumps RED WAVE ?

GloryDayz 10-10-2018 03:09 PM

Quote:

Originally Posted by oaklandhater (Post 13805528)
and if I had it to do all over again I would have bought the hell in during the 08 fall.

You have no money dude!

Bugeater 10-10-2018 03:26 PM

Quote:

Originally Posted by Marcellus (Post 13805450)
You really are one of the dumbest scumbags around, your stupidity an ignorance are only outweighed by how loathsome you are.


He truly is a POS wishing for the downfall of the country he lives in when it's his generation that gets to deal with it for the rest of their lives. Talk about someone getting what they deserve..

BucEyedPea 10-10-2018 03:26 PM

Ron Paul predicted this was coming days ago—and nothing can stop it. He also predicted this was going to happen sooner or later before Trump when Obama was in office.

I said about a year ago and again after, that the biggest BUBBLE ever will burst if the economy improves, which it has—because of all the monetarization of debt (money printing) done by the Fed Reserve under Obama. I also said the left will blame Trump because they're clueless. And I said Trump will have to own it, if he was taking all the credit for the boom.

Wall Street is still not Main Street. But watch kiddies like Oakie cry for the 1% he claims to hate.

BucEyedPea 10-10-2018 03:28 PM

Quote:

Originally Posted by oaklandhater (Post 13805505)
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">&quot;The International Monetary Fund warned recently that global economic growth was being crimped by trade tensions and a tit-for-tat over tariffs.&quot;<br><br>Hmmm, wonder who is responsible for all of that?</p>&mdash; David Condreay (@CondreayDavid) <a href="https://twitter.com/CondreayDavid/status/1050117389721862144?ref_src=twsrc%5Etfw">October 10, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>


**** the trade tariffs.

It's not really the cause. Stupid folks by this hook-line-and-sinker tho'.

Fed has been raising interest rates.

fan4ever 10-10-2018 03:30 PM

Quote:

Originally Posted by oaklandhater (Post 13805437)
Then let it fall 2020 is gonna be the next big recession god knows america deserves everything coming it's way.

The epitome of liberalism; our country is bad and deserves bad things.

eDave 10-10-2018 03:31 PM

Quote:

Originally Posted by NinerDoug (Post 13805502)
I thought that might be coming. Chinese stocks took a dive yesterday, I believe.

Trumps killing that market. As intended.

Wars are wars. We at least can heal our losses (see farmer bailout).

BucEyedPea 10-10-2018 03:32 PM

Quote:

Originally Posted by fan4ever (Post 13805605)
The epitome of liberalism; our country is bad and deserves bad things.

No, that is not "liberalism" — at ALL.

FAX 10-10-2018 03:38 PM

I guess Mr. oaklandhater isn't vested.

FAX

Iowanian 10-10-2018 03:45 PM

Oaktard doesn't understand basic economics.


This is a good dip to buy in the morning. The tariff issue with China is a temporary hard line negotiation tactic. the Chinese don't want a trade war with the US, the US doesn't want a trade war with China. Trump is smart enough to know that....China has tried to negotiate but Trump is holding out for a better deal for AMERICANS.

Oak...if you'll post a video of someone punching you in the face with a fist and substantial force, I'll paypal you some money to offset your surely "significant personal losses" on this stock dip.

Shaid 10-10-2018 03:58 PM

Quote:

Originally Posted by oaklandhater (Post 13805416)
Right before midterms as well good..


Pummeling the NASDAQ too. Down 315.

Why the **** is this good? Yeah, I'm not a fan of the current administration but I'm less of a fan of people's money getting lost.

Otter 10-10-2018 04:02 PM

I'll bet oakie's portfolio took a real hit this morning.

Shaid 10-10-2018 04:04 PM

Quote:

Originally Posted by Prison Bitch (Post 13805458)
Man this is a bad sign for the Obama economy

ROFL

It's always the former president's for the first year unless you do something to affect it. Trump passed the tax cut, it's been Trump's ever since. It's "corrected" itself twice since then.

Bump 10-10-2018 04:09 PM

OMG this has never happened before, like ever literally. Like so literally never has happened before. Orange man bad. REEEEEEEE

Pawnmower 10-10-2018 04:12 PM

Quote:

Originally Posted by BleedingRed (Post 13805423)
All you need to know about liberals


not all of them are THAT stupid


compared to a lot of you , I am one of the more "liberal" people here....


I dont like trump, never wanted him....but


I accept he is m,y president and I support him and my country and I hope the best for him and the economy etc




People like this dipshit are the exception...sadly...a loud / vocal minority

NinerDoug 10-10-2018 04:13 PM

Quote:

Originally Posted by BucEyedPea (Post 13805593)
Ron Paul predicted this was coming days ago—and nothing can stop it. He also predicted this was going to happen sooner or later before Trump when Obama was in office.

I said about a year ago and again after, that the biggest BUBBLE ever will burst if the economy improves, which it has—because of all the monetarization of debt (money printing) done by the Fed Reserve under Obama. I also said the left will blame Trump because they're clueless. And I said Trump will have to own it, if he was taking all the credit for the boom.

Wall Street is still not Main Street. But watch kiddies like Oakie cry for the 1% he claims to hate.

Just out of curiosity, is there anything you haven’t said before?

Just Passin' By 10-10-2018 04:18 PM

We don't see the same posters making threads like "Stock market rebounds from former low, sets new record" when that's happened too.


I wonder if there's some possible reason for that.

Bump 10-10-2018 04:19 PM

Quote:

Originally Posted by Pawnmower (Post 13805743)
not all of them are THAT stupid


compared to a lot of you , I am one of the more "liberal" people here....


I dont like trump, never wanted him....but


I accept he is m,y president and I support him and my country and I hope the best for him and the economy etc




People like this dipshit are the exception...sadly...a loud / vocal minority

Must depend where you live, it's definitely not the minority where I'm at.

BleedingRed 10-10-2018 04:23 PM

Quote:

Originally Posted by Pawnmower (Post 13805743)
not all of them are THAT stupid


compared to a lot of you , I am one of the more "liberal" people here....


I dont like trump, never wanted him....but


I accept he is m,y president and I support him and my country and I hope the best for him and the economy etc




People like this dipshit are the exception...sadly...a loud / vocal minority

Agreed, and I apologize to liberals such as you. Unfortunately it looks like a vocal minority has taken hold of the Democratic Party which is a shame.

But don't worry he think Democrats can win a civil war if it happened again.

Any liberal who seriously thinks they could win a real civil war is retarded.

digger 10-10-2018 04:37 PM

2 Attachment(s)
Call when it hits 20K...

bsp4444 10-10-2018 04:42 PM

Quote:

Originally Posted by BleedingRed (Post 13805423)
All you need to know about liberals and why I'm at the point of hoping they all die from aids

Because wanting people to die is sooo much better than wanting political gain from the stock market. You’re a punk.

Bowser 10-10-2018 04:58 PM

Three things I've learned about OH from this thread -

1) He doesn't understand economics

2) He hates Trump maybe more today than he did yesterday or the days before that

C) I absolutely need to get OH into a poker game one day

Pawnmower 10-10-2018 05:07 PM

Quote:

Originally Posted by BleedingRed (Post 13805785)
Agreed, and I apologize to liberals such as you. Unfortunately it looks like a vocal minority has taken hold of the Democratic Party which is a shame.
.

I totally agree....

I think both parties have big problems with extreme elements. I haven't belonged to a party since Bush was president

eDave 10-10-2018 05:28 PM

Yea dude; you may not like what Trump does but it's already done. Best to wish it well rather than to fail. And certainly not out of spite as failure hurts everyone.

Save it for an "I told you so".

Peace out.

BucEyedPea 10-10-2018 05:35 PM

As I was saying....
 
As the Federal Reserve tightens monetary policy with its steady pace of interest rate hikes, President Donald Trump continues to criticize the central bank.

“I think the Fed has gone crazy,” President Donald Trump said. Trump made the remarks after stepping off Air Force One in Erie, Pennsylvania, where he is due to hold a “Make America Great Again” rally.

His comments follow a volatile day of trading in the stock markets. At market close on Wednesday, the Dow (^DJI) lost 3.15%, or 831.83 points, and the S&P 500 (^GSPC) fell 3.29%, or 94.66 points.

Experts attribute at least some of the decline to the recent rapid rise in Treasury yields.

“I think the Fed is making a mistake,” Trump said according to CNBC. “They are so tight.”

As far as the market selloff itself is concerned, Trump didn’t seem too surprised.

“It’s a correction that we’ve been waiting for for a long time,” he said. “But I really disagree with what the Fed is doing.”
The thing is the Fed is doing the right thing here because these have been way too low, screwing the the fundamentals in the economy. When Bill Clinton took Greenspan to lunch he did so for having the Fed lower interest rates so his economy under his admin would look good. The results were the .dotcom bubble/burst, the recession Bush inherited and then it started again resulting in the crash of 2007/08 but the entire 16 year prior was due to loose monetary policy of the Fed. Everyone, loves an artificially stimulated economy. It's just not popular to do otherwise. It needs correction.

BucEyedPea 10-10-2018 05:36 PM

Quote:

Originally Posted by eDave (Post 13805980)
Yea dude; you may not like what Trump does but it's already done. Best to wish it well rather than to fail. And certainly not out of spite as failure hurts everyone.

Save it for an "I told you so".

Peace out.

No you didn't. I told you so under Obama and earlier. It has nothing to do with regulations being lifted.

BucEyedPea 10-10-2018 05:38 PM

Quote:

Originally Posted by Shaid (Post 13805685)
Why the **** is this good? Yeah, I'm not a fan of the current administration but I'm less of a fan of people's money getting lost.

What are they losing? Nothing really. They're losing it all on paper—the way they made it.

Pfft!

BucEyedPea 10-10-2018 05:40 PM

Quote:

Originally Posted by Shaid (Post 13805717)
ROFL

It's always the former president's for the first year unless you do something to affect it. Trump passed the tax cut, it's been Trump's ever since. It's "corrected" itself twice since then.

Nope. Tax cuts put more money into the economy for business and individuals. This is not a correction of that. It's a correction of loose Federal Reserve monetary policy which happened under Obama. Ron Paul has been saying this since then and said this was coming over a year ago. He was one of the few that predicted the financial crisis of 2007/08 for the same reasons and causes.

So for all that QE, cheap credit and money printing so the govt under Obama could pay back it's massive borrowing for things like bailouts, health care, and more wars abroad with cheaper dollars, the next guy can inherit the correction—just like Bush did from Clinton's easy money and credit low interest rates. The thing is under the easy money during Obama's admin—he still could only manage 2% growth.

BucEyedPea 10-10-2018 05:46 PM

Quote:

Originally Posted by NinerDoug (Post 13805746)
Just out of curiosity, is there anything you haven’t said before?

You can confirm I said this and get your question answered at the same time by using the search here. Don't take my word for it.
You weren't here for most of Obama's time in office. I can't help that.

Since, it's not a real question but meant to be snark and rhetorical, I know you won't.

NinerDoug 10-10-2018 05:48 PM

Quote:

Originally Posted by BucEyedPea (Post 13806027)
You can confirm I said this and get your question answered at the same time by using the search here. Don't take my word for it.
You weren't here for most of Obama's time in office. I can't help that.

Since, it's not a real question but meant to be snark and rhetorical, I know you won't.

Well, sorry, but you just seem to get really upset if someone posts something you claim to have said 500 posts back, and you really like to take credit for having said each and everything before.

So, I'm just wondering, maybe you have said everything there is to say at one time or another. Is that the case?

BucEyedPea 10-10-2018 05:48 PM

Quote:

Originally Posted by oaklandhater (Post 13805468)
any drop is gonna be blamed on the trade tariffs.


Yahoo isn't doing that.

Quote:

they are highly unpopular and trump can get ****ed until he lifts them.
Unpopular to those benefitting most from them—most of whom are the rich and wealthy or multi-national corporations, who you claim to hate.

HonestChieffan 10-10-2018 05:50 PM

Quote:

Originally Posted by BucEyedPea (Post 13806015)
Nope. Tax cuts put more money into the economy for business and individuals. This is not a correction of that. It's a correction of loose Federal Reserve monetary policy which happened under Obama. Ron Paul has been saying this since then and said this was coming over a year ago. He was one of the few that predicted the financial crisis of 2007/08 for the same reasons and causes.

So for all that QE, cheap credit and money printing so the govt under Obama could pay back it's massive borrowing for things like bailouts, health care, and more wars abroad with cheaper dollars, the next guy can inherit the correction—just like Bush did from Clinton's easy money and credit low interest rates. The thing is under the easy money during Obama's admin—he still could only manage 2% growth.

No.

Its not a "correction"

It has **** all to do with Ron Paul and his voodoo shit.

We had a day. A Day. when the market moved 3%..

Jesus you are so out of touch with reality.

BucEyedPea 10-10-2018 05:50 PM

Quote:

Originally Posted by DJ's left nut (Post 13805464)
And if interest rates didn't start to get back up with us reaching near full employment, the inflationary impact would've been brutal.

Now inflation is great news for the nuts on the left; it devalues wealth in the hands of the evil upper class while simultaneously pushing up minimum wages in the majority of states that now have CPI inflators. Inflation's a great thing for them because, well, they're stupid.

But for everyone else, they know that you can't just keep it in the red line without blowing the engine. There has to be a bit of a governor here to avoid serious inflationary shock.

Pretty much 'Macro-economics 101' shit here but there's no real surprise that Oaklandhater whiffs on it.

Dope-on-a-Rope is like Soap-on-a-Rope Opera.

BucEyedPea 10-10-2018 05:51 PM

Quote:

Originally Posted by oaklandhater (Post 13805505)
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">&quot;The International Monetary Fund warned recently that global economic growth was being crimped by trade tensions and a tit-for-tat over tariffs.&quot;<br><br>Hmmm, wonder who is responsible for all of that?</p>&mdash; David Condreay (@CondreayDavid) <a href="https://twitter.com/CondreayDavid/status/1050117389721862144?ref_src=twsrc%5Etfw">October 10, 2018</a></blockquote>
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**** the trade tariffs.

So you care about the globe more than your own country. Marking this down, to Oakie being a Globalist in bed with the 1% of the world's Establishment.

WTO should be abolished anyway. Another internationalist socialist outfit. But you're not one of those, are ya'?

vailpass 10-10-2018 05:51 PM

Quote:

Originally Posted by Otter (Post 13805707)
I'll bet oakie's portfolio took a real hit this morning.

LMAO

lewdog 10-10-2018 07:28 PM

Quote:

Originally Posted by ChiefsCountry (Post 13805448)
Yep. A couple of the guys in my office that do the stock market game. Bought pretty good today.

Unless you catch a falling knife.

lewdog 10-10-2018 07:31 PM

This is all Trump’s fault. Just like it’s all Trump when the market goes up.

Can’t have it both ways.

Unless you have a brain and realize the stock market’s performance has little to do with the sitting president at the time.

Pitt Gorilla 10-10-2018 07:33 PM

Quote:

Originally Posted by BleedingRed (Post 13805423)
All you need to know about liberals and why I'm at the point of hoping they all die from aids

Our pastor was just talking about stuff like this on Sunday. Mind if I send this as an example? Serious question. Thanks!


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