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Old 12-06-2018, 09:43 AM
 
Location: Kenmore, WA
7,469 posts, read 6,449,202 times
Reputation: 10833

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Quote:
Originally Posted by phma View Post
President Trump is absolutely the greatest on the economy. Dow breaks 25,000

They say it still has room to run !!!!

Go ahead 401K make my day !!!
Unless you are planning on eating those stocks, you may be in for a rude awakening. Of course stocks go up, but they also go down. The last analysis I read indicates that there may be another year of this bull market, but here is something to remember.

That trillion dollar tax cut Trump gave the uber-rich and corporations is a direct add to the budget deficit, and the US cannot afford the financing of that large a debt. Before the GOP passed the tax bill, they were already saying that they plan to take the cuts out of our social obligations (social security and medicare), which means the millions of people that paid into the system all their lives are having their earned Social Security and healthcare robbed to pay the interest on that deficit.

Then there's the fact that most Americans cannot afford to buy stocks, so they are not seeing the "gains" and the few that have invested in stocks have no other savings, so when the correction comes -- and it will, their savings will crash with it.

Sadly, the Rump has been the modern-day Pied Piper, leading all the ignorant innocents out of safety to their ultimate crash on the rocks.
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Old 12-06-2018, 09:43 AM
 
3,144 posts, read 876,326 times
Reputation: 2465
Quote:
Originally Posted by r small View Post
Well, one good thing about this plummet is we don't have to hear any more of this "still winning" crap.
Ha! That's just wishful thinking. Both sides have now become SO GOOD at bending facts and figures to their favor that there will never again ever be any consensus on how good, bad, or indifferent life is, including the economy.
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Old 12-06-2018, 09:45 AM
 
Location: The middle of nowhere
8,754 posts, read 4,032,392 times
Reputation: 7485
I have a bad feeling 2019 is going to be the new 2007. The economy will probably hold up this next year but growth will be anemic and a lot of problems are going to start to show. Then in 2020, we will likely see a 2008-style panic.

Sad thing is, none of this would have had to happen or at least not this quickly if we would have made a different decision in November 2016.
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Old 12-06-2018, 09:49 AM
 
Location: Florida
62,699 posts, read 34,168,378 times
Reputation: 10405
Quote:
Originally Posted by craigiri View Post
Trump isn't invested in the stock market. The Saudis give him money for condos, hotel rooms, etc. and so do the Russians.

He doesn't care about our IRAs. He doesn't care that the market lost a couple trillion dollars. Why should he?
How do you know he is not invested? He seems hell bent on using the power of his office to swing the markets up or down. He could be making billions.
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Old 12-06-2018, 09:51 AM
 
Location: Florida
62,699 posts, read 34,168,378 times
Reputation: 10405
Quote:
Originally Posted by LordBalfor View Post
So where is the OP? Shouldn't he be here crowing about how the market crashing is part of the great orange-headed god's master plan?



Ken
When there is a big drop, he usually comes here to say its a great buying opportunity, and when it drops again the next day, there is usually crickets.
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Old 12-06-2018, 10:02 AM
 
12,290 posts, read 3,156,118 times
Reputation: 1525
Quote:
Originally Posted by Raddo View Post
Ha! That's just wishful thinking. Both sides have now become SO GOOD at bending facts and figures to their favor that there will never again ever be any consensus on how good, bad, or indifferent life is, including the economy.
My sentiments exactly. Just as Trump supporters were all too happy and quick to give Trump credit for anything good going on, now we'll simply see the shift to blaming everything bad on other than Trump...

Of course we can expect all politicians to be good at pushing their agenda with whatever narrative suits best, but the voters and/or delegates are supposed to be the "judge and jury" when all is said and done. We're supposed to be the ones who separate the facts from the nonsense and render a decision that puts the right people in office. Unfortunately, far too many voters don't really bother to do anything of the sort.

Add the problem of how different our take on what makes for a better America, and we're forever dealing with mistrials and hung juries that leave the REAL criminals running free, shysters at the controls, while most of America wonders what is happening...

Last edited by LearnMe; 12-06-2018 at 10:11 AM..
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Old 12-06-2018, 10:28 AM
 
3,144 posts, read 876,326 times
Reputation: 2465
Quote:
Originally Posted by LearnMe View Post
Of course we can expect all politicians to be good at pushing their agenda with whatever narrative suits best, but the voters and/or delegates are supposed to be the "judge and jury" when all is said and done. We're supposed to be the ones who separate the facts from the nonsense and render a decision that puts the right people in office. Unfortunately, far too many voters don't really bother to do anything of the sort.
I agree 100%, and it is precisely why I think we are in such trouble in the long-term. In today's complicated, technological, media-driven world, the masses have completely lost touch with math and science, which are the very things reality is based on.

Instead, we are mostly a mass of sheeple, completely unequipped and unable to separate facts from fiction. We basically pay attention only to whatever spin the Media and Internet tells us to, and can easily be led to believe it:

"If you can't dazzle them with brilliance, baffle them with bull****".
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Old 12-06-2018, 10:33 AM
 
12,290 posts, read 3,156,118 times
Reputation: 1525
Quote:
Originally Posted by Raddo View Post
I agree 100%, and it is precisely why I think we are in such trouble in the long-term. In today's complicated, technological, media-driven world, the masses have completely lost touch with math and science, which are the very things reality is based on.

Instead, we are mostly a mass of sheeple, completely unequipped and unable to separate facts from fiction. We basically pay attention only to whatever spin the Media and Internet tells us to, and can easily be led to believe it:

"If you can't dazzle them with brilliance, baffle them with bull****".
To make matters even worse, even if and when we do manage to separate the facts from the fiction, doesn't make much a difference anyway, largely because of our ideological differences (and as well evidenced in this forum where no one changes their mind about anything regardless the facts, reason or logic).

Why We Believe What We Do...
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Old 12-06-2018, 10:41 AM
 
14,655 posts, read 3,887,259 times
Reputation: 10671
Quote:
Originally Posted by Raddo View Post

"If you can't dazzle them with brilliance, baffle them with bull****".
Wasn't the church doing this well before the Internet or Media?

The only redeeming factor there was that part of that teaching usually involved ethics and morality.

The "new" Ayn Rand and Libertarians and Right-Wing "teachings" have absolutely no touchstone.
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Old 12-06-2018, 10:44 AM
 
3,144 posts, read 876,326 times
Reputation: 2465
Quote:
Originally Posted by craigiri View Post
Wasn't the church doing this well before the Internet or Media?

The only redeeming factor there was that part of that teaching usually involved ethics and morality.

The "new" Ayn Rand and Libertarians and Right-Wing "teachings" have absolutely no touchstone.
I think that's a valid point. But modern times has satellites, instant world-wide free communication available to the masses, and social media.

The last time the church was THAT powerful was centuries ago.
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