The Tremor before the Storm?

[belamyi]

https://edition.cnn.com/2018/12/27/investing/bull-market-bear/index.html

 

[cityboy-stl]

All I hear is crickets chirping in here. Guess this doesn't fit his narrative,

Don't be so snide. Try to look beyond a one-day anomaly.

It was indeed an impressive turn around on Wednesday and the 600 point crash today ending in a 260 point gain for the day was impressive as well. But the commentators on TV say it all has to do with "investors" moving around year-end assets rather than stock market confidence. It is still Trump and his personal, political, and policy chaos that is driving the volatility. And these manic-depressive market mood swings are an indicator of that chaos, and in my view are reminiscent of the turmoil that preceded the 2008 crash.

Trump's misplaced economic policies could sink the US economy next year.

Ah yes, there is President Trump. Given his wrong-headed economic policies and the political chaos swirling around him, the possibility of a recession can't be dismissed. If not by this summer, odds are uncomfortably high that one will hit by the next presidential inaugural.

 

[novastar]

SIGH...YAWN....It's not "Trump" or "Obama" republicans or democrats to blame for recessions or praise for booms. It's all part of the long term business cycle-- expansion, peak, contraction, and trough.

 

[belamyi]

^ That movie was sooooooooooo below the level it aimed at: at least, we do not pretend that much with our own dribbly comments

 

[Kulindahr]

Without the morbidly rich guys most of the guys on this forum wouldn't have jobs. There are as many rich democrats too but I guess they are ok.

False. The stock in all those companies does absolutely nothing to provide jobs, so who owns it is completely irrelevant. Fi the wealth of the 0.2% who buy the candidates for both sides of the ballot had to spread their stock among the top 5%, the same number of jobs from the same companies would just keep going.

Where the foolishness that people who own stock are providing jobs came from I don't know; it's only the first investors who provide any jobs, and those who buy any additional issues. Those who buy stock later on are just seeking unearned income.

 

[Pierresro]

most of the products are made overseas,
so how long can money created out of thin air last ?

I take it you never took an economics course in college?

 

[cityboy-stl]

Without the morbidly rich guys most of the guys on this forum wouldn't have jobs. There are as many rich democrats too but I guess they are ok.

I think it is stunning that some people still believe in trickle-down or leak-through (as Herbert Hoover called it) economics despite its total failure every single time it's been tried. Party affiliation is irrelevant.

Mink coats don't shed folks. Making the rich richer, makes the rich richer. It stays in their already morbidly obese wallets without helping anyone but themselves. How obvious can it be?

For the economy to grow it needs to be seeded from the bottom up.

 

[belamyi]

https://edition.cnn.com/2019/01/17/business/central-banks-next-recession/index.html

 

[belamyi]

I take it you never took an economics course in college?

There Are more thIngs 'bout dOUgh and wEAlth, oh PIErre, than Are dreamt Of in yOUr ecOnomIcs.

 

[opinterph]

Central bankers lack the weapons to fight the next big recession (CNN Business; January 16, 2019)

That’s another reason why Trump’s economic stimulus (tax break for the wealthy) was ill advised.

 

[belamyi]

That’s another reason why Trump’s economic stimulus (tax break for the wealthy) was ill advised.

You would like to elaborate more on that for the breaklievers' sake.

 

[Dystopian]

So the Dow has dropped 700 points today as bond yield spreads start to spook the market.

It is almost a sure bet that the idea was to delay a recession until after the Dems win back Congress in order to blame the inevitable recession that is coming on them.

But Ford announcing layoffs as a result of Trump tariffs and the constant news about the spiralling US debt may be about to crash the market (it is October after all) before the voters get to the polls.

https://markets.businessinsider.com...mbles-more-than-300-points-2018-10-1027605643

Nothiing would have the voters turn with a vengeance on the GOP like an economic crisis.

I thought Trump said he didn't care about the national debt, cuz he won't be POTUS when it's time to pay the piper.

 

[opinterph]

That’s another reason why Trump’s economic stimulus (tax break for the wealthy) was ill advised.

You would like to elaborate more on that for the breaklievers' sake.

In Another Recession, It Could Be Tough For Washington To Boost The Economy (NPR; January 24, 2019)

 

[belamyi]

Only around 1,500 points below record highs

 

[belamyi]

https://edition.cnn.com/videos/business/2018/12/19/housing-market-red-flags-orig.cnn-business

 

[belamyi]

1987-2010-202..?

https://www.msn.com/es-es/dinero/ec...morgan/ar-BBNaGyV?li=BBpm8Mj&ocid=mailsignout

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Thought I had posted, or referred to it already...

 

[belamyi]

https://edition.cnn.com/2019/05/28/investing/consumer-confidence-stock-market/index.html

 

[cityboy-stl]

At this time in 1928 and in 2007 the economy was great as well. Historically it takes 3 to 5 years for the artificial high induced by tax cuts for the rich to wear off. Then the withdrawal and hangover sets in and the bill comes due. We are reaching that historical point later this year or next. History does have a tendency to repeat.

 

[cityboy-stl]

At this time in 1928 and in 2007 the economy was great as well. Historically it takes 3 to 5 years for the artificial high induced by tax cuts for the rich to wear off. Then the withdrawal and hangover sets in and the bill comes due. We are reaching that historical point later this year or next. History does have a tendency to repeat.

See....I told you so.

 

[belamyi]

See....I told you so.

I'm still waiting for "later this year or next": you told us so.

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