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Old 05-23-2015, 11:59 AM
 
64,745 posts, read 66,226,110 times
Reputation: 43132

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Quote:
Originally Posted by Kefir King View Post
mathjac,

I am not referring to TARP money from 2008, but the unending trillions in stimulus SINCE then.

The National debt has grown by 9 TRILLION dollars since the crash and the bailout. This borrowed stimulus is what is fuelling the inflation in the stock markets and the housing market (and the art market, and the meat market.)

Absent that 9 trillion dollar infusion of borrowed cash and the artificial holding of bank borrowing to zero interest, aka free money, the stock market would be dead in the water. TARP's billions is chump change in comparison.

It really is a bubble of such proportions, the like of which we have NEVER seen before. Thing about blowing bubbles, it seems every bubble must be bigger than the one before.
most of that money as explained over and over is inflating nothing . it is simply keeping the banking system from imploding on itself because of how a fractional reserve system works .

the QE money went right in to replacing the virtually created money that was already in the banking system prior that vaporized.

earnings and the markets are right in line with each other right where they should be at full valuation. in fact we are actually where we were 15 years ago before qe existed only with far higher earnings now and lower interest rates ,.

this inflated stock market you speak of averaged 1.78% real returns over the last 15 years. if that is your idea of an inflated market i think you need to re-evaluate your definitions.
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Old 05-24-2015, 06:24 AM
 
Location: Manhattan
20,162 posts, read 26,460,446 times
Reputation: 9039
Instead of going round and round with minutiae, you should just look up the word inflation and then buy something, stocks, apartments, art, or meat, dental caps, Dollar store items, and compare the price you pay with the price you would have paid 8 years ago.

Unless you start with at least a proper definition of inflation, the increase in prices for goods and services, you will never understand the concept.

Quote:

this inflated stock market you speak of averaged 1.78% real returns over
the last 15 years.
Why cherry pick 15 years? What about 5 years or 25 years?

And "real returns?" REALLY? Real returns are returns over inflation. You cannot discount inflation if you are MEASURING inflation.
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Old 05-28-2015, 12:19 PM
 
Location: United Kingdom
969 posts, read 600,612 times
Reputation: 695
J.P. Morgan Expected to Lay Off More Than 5,000 by Next Year - WSJ

Bigger than ever.
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Old 05-28-2015, 12:35 PM
 
Location: Dallas
282 posts, read 257,365 times
Reputation: 279
Quote:
Originally Posted by CTDominion View Post
They will be replaced. That's how the cycle goes in finance, even in a good year:

Quote:
The layoffs won’t necessarily mean that overall head count at the bank will continue to fall. J.P. Morgan hires around 40,000 employees each year to fill open positions and add its post-college class of analysts, the person said.
Banks have been cutting many lower-level jobs that can be performed by new technology for over a decade now.

Finance in the States has been booming for some time now. New York surpassed London as the financial center of the world because of the relative growth and stability of financial services in the United States, versus more stagnant London.

Last edited by UAE50; 05-28-2015 at 12:50 PM..
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Old 05-28-2015, 12:48 PM
 
Location: United Kingdom
969 posts, read 600,612 times
Reputation: 695
Quote:
Originally Posted by UAE50 View Post
Finance in the States has been booming for some time now.



Easy credit never ends well.

The rest of your post is mostly delusion and wishful thinking.
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Old 05-28-2015, 12:55 PM
 
Location: Dallas
282 posts, read 257,365 times
Reputation: 279
Quote:
Originally Posted by CTDominion View Post


Easy credit never ends well.

The rest of your post is selectively perceptive nonsense.
Nonsense? It's a fact, according to the financial surveys.

And easy credit sure did end well when the United States blew past the United Kingdom and put that island into relative irrelevance about a century ago didn't it.

The competitiveness of the United States is why New York & the United States are so much wealthier and important than London & the United Kingdom. But it's hard for someone to see the facts when they're blinded by that crippling inferiority complex.
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Old 05-28-2015, 12:58 PM
 
Location: United Kingdom
969 posts, read 600,612 times
Reputation: 695
Quote:
Originally Posted by UAE50 View Post
Nonsense? It's a fact, according to the financial surveys.

The competitiveness of the United States is why New York & the United States are so much wealthier and important than London & the United Kingdom. But it's hard for someone to see the facts when they're blinded by that massive inferiority complex lol.
Sadly for you I'm not a UK native, so this kind of rhetoric is pointless here.

I kind of miss your anti-London trolling on the world forums though. It's been a long while since they banned your last batch of sockpuppets.

Last edited by CTDominion; 05-28-2015 at 01:57 PM..
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Old 05-28-2015, 01:04 PM
 
Location: Dallas
282 posts, read 257,365 times
Reputation: 279
Quote:
Originally Posted by CTDominion View Post
Sadly for you I'm not a UK native, so this kind of rhetoric is pointless here.

I do miss your anti-London trolling on the world forums though. It's been a while since your last batch of sockpuppets was banned.
You seem to confuse facts with "anti-London trolling".
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Old 05-28-2015, 01:06 PM
 
Location: United Kingdom
969 posts, read 600,612 times
Reputation: 695
You mean those facts so eloquent and compelling they muzzled you for trolling?

I've got to make this clear though. This is not about UK vs USA. It's about western finance in general. JPMC has a London headquarters too and contributes to the workforce demographic there. What is bad for Wall Street will also be bad for the City/CW.

"JP MORGAN is set to scale back its ambitions in London by selling a site in Canary Wharf once earmarked for a new 1.5bn headquarters. The American investment bank is close to appointing agents to market Riverside South, where it has planning permission for two huge office towers designed by the architect Richard Rogers."

Last edited by CTDominion; 05-28-2015 at 02:00 PM..
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Old 05-28-2015, 01:13 PM
 
Location: Dallas
282 posts, read 257,365 times
Reputation: 279
Quote:
Originally Posted by CTDominion View Post
You mean those facts so eloquent and compelling they banned you for trolling?
Are you hallucinating?
I have never been banned and the moderators are free to check me out.

Better question is -- why do you have such a chip on your shoulder when it comes to New York? What compels you to drop in on New York forum with your borderline trolling? Rhetorical question, no answer needed. In any case, I have never even clicked on the London forum because it doesn't interest me. Nothing wrong with London, somewhere has to be richer and more important. In this case it's New York, but living in #2 is also good tho.
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