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US Politics Hamsterwheel v2.0

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US Politics Hamsterwheel v2.0

Old 24th Dec 2018, 12:54
  #16901 (permalink)  
 
Join Date: Dec 2000
Location: Arlington, Tx. US
Posts: 561
As if the Economy Isn’t Crashing Fasr Enough

It took Shrub eight years to crash the economy, so Cheeto wanted to one up him and do it in two. Now it appears the Treasury Sec is trying to accelerate the fall by spreading a “we are doomed” message to his elite buddies:

WASHINGTON (Reuters) - U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.

How those 401K’s now WC and Obg?
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Old 24th Dec 2018, 15:43
  #16902 (permalink)  
 
Join Date: Aug 2005
Location: E.Wash State
Posts: 591
How those 401K’s now WC and Obg?
I've been around long enough, Sultan, to understand that stocks and markets go up and they go down. The overall trend is what is important, and that is generally "up", especially when the fundamentals of the economy are good.

I didn't like the declines in 08-09. I don't like the decline now. As is often said, when the price of toilet paper drops, you buy more. When it rises, you sell your excess at a profit, and hope you have enough in the closet, Well, like my toilet paper stash, I'm in a stage of life where I am "selling", not "buying", and so a decline is always nerve-wracking.

You, on the other hand, whined when the market rose, and are now gloating that it has fallen. Disgusting. I suggest you consider moving to Cuba, or maybe Venezuela where nobody has any toilet paper at all.
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Old 24th Dec 2018, 16:33
  #16903 (permalink)  
 
Join Date: Jan 2008
Location: Denver
Posts: 960
I've always thought the idea of the stock market as a place for one's "savings" was a bit weird. I'd read my Atlas Shrugged, and remembered how Francisco D'Anconia "bombed" his passive investors by starting a South American mine he knew would get nationalized. Although he put it as "Hey, I'm known as an irresponsible playboy. Why should anyone complain if I ignore reality and invest like an irresponsible playboy?"

However, a match from the company for my 6% 401K contribution was "free money" that gave some headroom in case of a slump. And I've been moving money from stocks to bonds for several years, as well as making any withdrawals strictly from the stock funds. The run-up to $26000 on the Dow in such a short time was clearly nuts, but I was prepared. So my loss this year has been about half the market drop. It's dropped below a round number ending in 000 for the first time since 2010 - but that's just symbolic.

I don't think a President deserves much blame or credit for stocks or the economy overall. That is determined far more by animal spirits, "irrational exuberance," and a failure to anticipate the future accurately and get over-extended. Plus computer programs, these days.

However, if the President claims credit for the stock market, then he owns both the ups and downs, of his own volition. Cake/have/eat/can't.
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Old 24th Dec 2018, 17:10
  #16904 (permalink)  
 
Join Date: Apr 2001
Location: surfing, watching for sharks
Posts: 3,474
Originally Posted by The Sultan View Post
It took Shrub eight years to crash the economy, so Cheeto wanted to one up him and do it in two. Now it appears the Treasury Sec is trying to accelerate the fall by spreading a “we are doomed” message to his elite buddies:

WASHINGTON (Reuters) - U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.

How those 401K’s now WC and Obg?


It’s fine. The health of a 401K (or other investments) isn’t determined by a single data point or event, it based on the life of the account. It’s been a sharp upward trajectory for the past few years, a slowing isn’t unusual or unexpected.

Kind of surprised I need to explain retirement 101 to an adult like you sultan.


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Old 24th Dec 2018, 17:15
  #16905 (permalink)  
 
Join Date: Apr 2001
Location: surfing, watching for sharks
Posts: 3,474
6% PIF, yikes, it may be time to seek out an employer with a more generous matching. Hopefully there are other choices in the portfolio they offer as well.
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Old 24th Dec 2018, 20:14
  #16906 (permalink)  
 
Join Date: Nov 2013
Location: apogee
Age: 64
Posts: 59
6,400 + lies or misstatements in public since taking office. Lies about things big and small.
Fact checkers having an easy job as many are so often repeat lies.
Normally this would be labeled as pathological.
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Old 24th Dec 2018, 20:41
  #16907 (permalink)  
 
Join Date: Jan 2008
Location: Denver
Posts: 960
Perhaps I was sloppy in writing - I set aside 6% of my salary for 401K, company matched 100% of what I contributed. Anyway, water under the bridge, job ended in the 2008 crash.

@meadowrun - won't get anywhere that way. The Trump folks are math-challenged and think any 1 lie = 6400 lies. "They all lie."

OTOH, you can make some money off them, since that means you can exchange $1 with them and get a equal amount back - $6400.
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Old 24th Dec 2018, 21:17
  #16908 (permalink)  
 
Join Date: Aug 2005
Location: E.Wash State
Posts: 591
Do you two keep a count of what you consider lies in all administrations, or do you just get your Costco clickers out for Republicans?
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Old 24th Dec 2018, 21:39
  #16909 (permalink)  
 
Join Date: Nov 2013
Location: apogee
Age: 64
Posts: 59
Count? Naw. Got people for that.
Politicians lie - accepted fact.

Trump however, has raised it to an art form. Bad art. It's normal to him, they drool uncontrollably from his lips.
It's as if pretty well every single time he opens his mouth, Joe Public gets a shovel full of steaming crap pitched in their faces.
Some actually like crap apparently, they have an excuse to completely stop thinking for themselves.
Integrity is not on the bus.....it's running after it....and losing steam rapidly.
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Old 24th Dec 2018, 21:46
  #16910 (permalink)  
 
Join Date: Dec 2010
Location: Middle America
Age: 79
Posts: 1,146
Merry Christmas To All!

Miscommunication from the WH:

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Old 24th Dec 2018, 22:21
  #16911 (permalink)  
Below the Glidepath - not correcting
 
Join Date: Jun 2005
Location: U.S.A.
Posts: 1,625
The Treasury Secretary (Mnuchin) anounces over the weekend he has spoken to Bank CEOs and states that lenders should not be concerned about bank liquidity.
  • Markets open today and fall over 300 points.
  • Markets nearly get their shiat together and recover most of the drop when the Trump tweets about the Fed (remember - Chairman appointed by him)
The only problem our economy has is the Fed. They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can't score because he has no touch - he can't putt!— Donald J. Trump (@realDonaldTrump) December 24, 2018
  • Markets subsequently fall the original 300, plus another 350 on the "confidence" of the statement from the financial genius.
Now by all means, I always expect the faithful to point out that markets are funny old things, going up and down like a White House Job Fair, but here we have two individuals who have quite some accountability for market confidence, opening their traps, and the outpourings having the opposite effect on stocks - however transient that may be. But keep on believing he's a secret genius about to make us all rich...
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Old 24th Dec 2018, 22:49
  #16912 (permalink)  
 
Join Date: Apr 2001
Location: surfing, watching for sharks
Posts: 3,474


“Now by all means, I always expect the faithful to point out that markets are funny old things, going up and down”

Are you inferring this truism about investing isn’t an accurate statement? Does it conveniently become some sort of political gotcha to press your agenda?
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Old 25th Dec 2018, 07:32
  #16913 (permalink)  
Nemo Me Impune Lacessit
 
Join Date: Jun 2004
Location: Derbyshire, England.
Posts: 4,042
This current 'Market Adjustment' was forecast internationally by the market insiders long before Trump won the election, why all the shock-horror now?
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Old 25th Dec 2018, 11:11
  #16914 (permalink)  
 
Join Date: Aug 2015
Location: Sunnydale
Posts: 140
Originally Posted by parabellum View Post
This current 'Market Adjustment' was forecast internationally by the market insiders long before Trump won the election, why all the shock-horror now?
The worst Christmas Eve in the history of the Dow Jones and the worst week since 2008 and being on track to be the worst December since the Great Depression isn’t a “market adjustment”

And to top it off with “are you still a believer in Santa” to a 7 year old. He’s a special kinda stupid.

Last edited by back to Boeing; 25th Dec 2018 at 11:24.
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Old 25th Dec 2018, 16:01
  #16915 (permalink)  
 
Join Date: Aug 2005
Location: E.Wash State
Posts: 591
I am taking the day off from political repartee, to wish everyone here, be they in agreement or in opposition, a Merry Christmas. Be good, enjoy family and food, and return to the battle at a later date!
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Old 25th Dec 2018, 16:21
  #16916 (permalink)  
Below the Glidepath - not correcting
 
Join Date: Jun 2005
Location: U.S.A.
Posts: 1,625
Originally Posted by West Coast View Post


“Now by all means, I always expect the faithful to point out that markets are funny old things, going up and down”

Are you inferring this truism about investing isn’t an accurate statement? Does it conveniently become some sort of political gotcha to press your agenda?
Constants are comforting, especially at this time of the year.
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Old 25th Dec 2018, 16:39
  #16917 (permalink)  
 
Join Date: Mar 2002
Location: Florida
Posts: 5,115
My market holdings are just pieces of code until/unless I decide to turn them into cash.

Now is not my time
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Old 25th Dec 2018, 17:04
  #16918 (permalink)  
 
Join Date: Jan 2018
Location: UK
Posts: 1
Perhaps a good time to remind some of what Jesus thought of the money markets

Merry Christmas
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Old 25th Dec 2018, 17:12
  #16919 (permalink)  
 
Join Date: Apr 2001
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Originally Posted by Two's in View Post
Constants are comforting, especially at this time of the year.
Speaking of a constant, investing guidance turned into a political weapon.

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Old 25th Dec 2018, 19:13
  #16920 (permalink)  
 
Join Date: Sep 2010
Location: U.S.A
Age: 51
Posts: 401
Trump will over see a massive economic crash just like 2008 except this time it will be bigger and last longer.

Tax cuts mean less government revenue coming in and foreign fund managers are purchasing less US bonds than ever before.

The fed are engaged in QT (tightening) creating a shortage of greenbacks in the global economy making it harder for foreign investors to buy US debt.

And the US has now exceeded 21 trillion in government debt on the books and upwards of 60 trillion with unfunded liabilities!!!!!

The US is in a pickle and the economy is VERY fragile, the house of cards could collapse.

And China has them by the balls by selling off just enough US bonds to scare the markets. If they go nuclear in financial terms the western banking cartel is in deep trouble.

The pump and dump ponzi scheme that is the US economy continues but the next downturn could prove fatal.

And every traditional US ally is sitting on the fence ready to jump.
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