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Stirlingsays 28 Nov 19 12.03pm | |
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King of the Trolls. Edited by Stirlingsays (28 Nov 2019 12.03pm) Attachment: Trump3.JPG (115.88Kb)
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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DanH SW2 28 Nov 19 12.52pm | |
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Originally posted by Stirlingsays
The DOW, NASDAQ, S&P and 500 close at record highs again. You have to hand it to Trump, he was right about taxes and the economy and his critics weren't.....and he had a huge number of 'expert' critics on his tax plans and trade rearrangements....Lots predicting disaster and all shown to have been wrong. It's because money is being pumped into the system, not that the economy is strong. This has been pointed out to you numerous times. This is a decent economics article on the link between stock prices and the economy. It was written in 2010 so you can't claim any 'anti-Trump' bias either.
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Stirlingsays 28 Nov 19 3.43pm | |
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Originally posted by DanH
It's because money is being pumped into the system, not that the economy is strong. This has been pointed out to you numerous times. This is a decent economics article on the link between stock prices and the economy. It was written in 2010 so you can't claim any 'anti-Trump' bias either. Interesting....I shall read that later, cheers.
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Stirlingsays 29 Nov 19 4.23am | |
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Originally posted by DanH
This is a decent economics article on the link between stock prices and the economy. It was written in 2010 so you can't claim any 'anti-Trump' bias either. You missed out increased spending. Where is the evidence that Trump has artificially created great stock markets rather than this being a result of business confidence? The increased business health has directly led to more jobs.
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.TUX. 29 Nov 19 6.13am | |
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Originally posted by Stirlingsays
You missed out increased spending. Where is the evidence that Trump has artificially created great stock markets rather than this being a result of business confidence? The increased business health has directly led to more jobs. As posted a while ago, The Fed has been pumping BILLIONS UPON BILLIONS into the 'Repo-Market' ie bailing-out the banks for the past few months now. So this is not only extremely artificial, it's also very worrying.
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Stirlingsays 29 Nov 19 9.38am | |
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Originally posted by .TUX.
As posted a while ago, The Fed has been pumping BILLIONS UPON BILLIONS into the 'Repo-Market' ie bailing-out the banks for the past few months now. So this is not only extremely artificial, it's also very worrying. Sure Tux but this printing money has been occurring way before Obama and Trump and the question was about the Trump economy. I don't think Trump controls the Fed does he? Also has Trump's era seen more liquidity than Obama's?....doubtful given the response to 2008. Anyway, what's the answer Tux? How do you think the fiscal system should be run if not by this method?
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cryrst The garden of England 29 Nov 19 9.40am | |
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Originally posted by .TUX.
As posted a while ago, The Fed has been pumping BILLIONS UPON BILLIONS into the 'Repo-Market' ie bailing-out the banks for the past few months now. So this is not only extremely artificial, it's also very worrying.
Do home owners and rental markets benefit.
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Deleted11 29 Nov 19 2.29pm | |
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Originally posted by cryrst
Do home owners and rental markets benefit. I have to completely agree with TUX here. This is something that you will never hear on the media, because, it is not in their interests to inform you. I think just by listening to someone like Steve Keen would be beneficial for a lot of people and if you think he is left leaning then Peter Schiff dissects Trump pretty well too. So, do people benefit from the increased money creation and doping of the economy? Yes, but, they are going to have to be very smart and time their exits, which most aren't and don't. The Fannie and Freddy argument is ill conceived, for the following reason. They bought up all the crap derivatives, AAA rated by all the ratings agencies. If I buy a chicken with the Organic label on it and later found out it wasn't organic, but was a dog shaped in the form of a chicken, am I really to blame or have I been swindled? Yes, it is how the gov did it here too, but, going back to the whole Trump is great debate. Just because you allow all this pump to happen doesn't mean you are good at your job or know what you are doing. He's inflating it more and more and the eventual crash will be so much worse than 2008. I'm not saying when it will happen or that it will even happen under his presidency, but a liquidity crisis is coming again.
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Stirlingsays 29 Nov 19 3.09pm | |
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Originally posted by Jway89
Yes, it is how the gov did it here too, but, going back to the whole Trump is great debate. Just because you allow all this pump to happen doesn't mean you are good at your job or know what you are doing. He's inflating it more and more and the eventual crash will be so much worse than 2008. I'm not saying when it will happen or that it will even happen under his presidency, but a liquidity crisis is coming again.
Trump's stock market rise is also a factor of low tax rates and I think you guys are ignoring that this has led to higher investment and hence more jobs. Again, 'experts' predicted disaster for these tax plans....not at some preordained point in the future but pretty much immediately......Just as they predicted disaster on his trade approach. I'm not seeing these people explain themselves I'm just seeing a shifting of the goalposts.
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Deleted11 01 Dec 19 2.04pm | |
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Originally posted by Stirlingsays
Trump's stock market rise is also a factor of low tax rates and I think you guys are ignoring that this has led to higher investment and hence more jobs. Again, 'experts' predicted disaster for these tax plans....not at some preordained point in the future but pretty much immediately......Just as they predicted disaster on his trade approach. I'm not seeing these people explain themselves I'm just seeing a shifting of the goalposts. The fed is much more partisan than they would have you believe. It actually has shareholders, who for some reason cannot be named. Not the best way of being independent, i think you would agree. You always have nutters that think the end of the world is going to happen. It's amazing how these people always find themselves on US news channels predicting doom. Almost like they are booked on purpose. The tax cuts boost the stock market, but what really boosts it are the lower interest rates. Private debt is what is keeping everything afloat. So whilst it all looks pretty decent now, 2000 and 2008 where the warning signs that something needed to change and nothing did. This isn't just a criticism of Trump, this is everyone since Reagan, not understanding how this would pan out.
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Stirlingsays 01 Dec 19 2.32pm | |
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Originally posted by Jway89
The fed is much more partisan than they would have you believe. It actually has shareholders, who for some reason cannot be named. Not the best way of being independent, i think you would agree. You always have nutters that think the end of the world is going to happen. It's amazing how these people always find themselves on US news channels predicting doom. Almost like they are booked on purpose. The tax cuts boost the stock market, but what really boosts it are the lower interest rates. Private debt is what is keeping everything afloat. So whilst it all looks pretty decent now, 2000 and 2008 where the warning signs that something needed to change and nothing did. This isn't just a criticism of Trump, this is everyone since Reagan, not understanding how this would pan out. Private debt is pretty scary when you see the extent of it globally....combined with modern day methods of printing money for the system it's all smoke and mirrors. Never ending credit. As for Trump.....well he's always slagging off the Fed for not doing what he wants on his Twitter feed so are they really his guys? Maybe, maybe not....Trump's your mate one month and thinks you're crap the next....So nothing would surprise me. I say that in full knowledge that he's quite a lot better than the alternative....well, in my view anyway. Edited by Stirlingsays (01 Dec 2019 2.33pm)
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Deleted11 01 Dec 19 2.56pm | |
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Originally posted by Stirlingsays
Private debt is pretty scary when you see the extent of it globally....combined with modern day methods of printing money for the system it's all smoke and mirrors. Never ending credit. As for Trump.....well he's always slagging off the Fed for not doing what he wants on his Twitter feed so are they really his guys? Maybe, maybe not....Trump's your mate one month and thinks you're crap the next....So nothing would surprise me. I say that in full knowledge that he's quite a lot better than the alternative....well, in my view anyway. Edited by Stirlingsays (01 Dec 2019 2.33pm) It's not really about what Trump or any president wants. As I tried to explain to W12, it's all good saying you will drain the swamp but if you keep hiring goldman sachs to run your treasury, you have not drained the swamp. Presidents do what they are told. We will obviously disagree on if Bernie or Warren will be any good, but the fact that they want money out of politics and they stick to that is quite refreshing and the way it should be. Corporations and Banks don't vote and yet they influence so much. The fact that Trump and Boris and all politicians think low interest rates are great, just shows how much they all don't know or understand.
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