Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Well, now - this should warm the cockles of everyone's heart:
Quote:
US economy like the Titanic — moving at full steam, with an iceberg ahead: Guggenheim
The U.S. economy is moving full steam ahead but trouble is looming and it is courtesy of the Federal Reserve, Guggenheim's Scott Minerd says.
While the recent sell-off isn't a harbinger of a market crash, he says ultimately the market expansion will end because monetary policy is going to get tight as fiscal stimulus turns into fiscal drag in 2020.
He expects the market to pull back 40 percent from the highs.
That said, I think market will bounce back to a point by year-end - probably not much higher than it was a few weeks ago, which means my invested assets have shown a return of only about 7% (not good given the risk, imo - tech has been hammered thanks to the IDIOT TRUMP TARIFFS) - but the escalating deficit and interest rates due to phony tax stimulus and tariffs - coupled with growth in the area of 2-2.5% will absolutely bring us back to reality and a recession.
And, for the ignorant upthread talking about 3500 point increase - HELLO - rate of return is measured in PERCENT INCREASE - not by point increase. FYI - greatest market PERCENT increases occurred during the OBAMA YEARS.
For the uninformed - Real Investors measure their gains by PERCENTAGE INCREASES.
Trumps position has been well known.
The Fed raises the interest rate not Trump who has been saying he doesn't believe its the right thing to do to the extent the Fed is doing it.
Anyone trying to blame Trump for what the Fed is doing is either a partisan hack or plain ignorant.
Trump is being proven right again.
Wait, you said "Today is a buying opportunity" just yesterday. When did Fed raise the interest rate? How come Fed was not a problem yesterday but it is a problem today?
Well, now - this should warm the cockles of everyone's heart:
That said, I think market will bounce back to a point - probably not much higher than it was a few weeks ago by year-end which means my invested assets have shown a return of only about 7% (not good, imo - thanks to the IDIOT TRUMP TARIFFS - but the escalating deficit and interest rates due to phony tax stimulus and tariffs - coupled with growth in the area of 2-2.5% will absolutely bring us back to reality.
Amen Ariadne, amen!
The “trickle down” taxcuts turns out to not help most of Trump’s base. People earning $50K get a ~$600 tax cut - enuff for a six-pack every week! Meanwhile, the deficit is ballooning and with interest rates rising, the interest on servicing the debt is ballooning. Hence, Trump doesn’t talk about these tax cuts
Dems are “lying to women and independents.” How so please
Dear coal minors and manufacturing workers in WVA, Ohio, PA: Did Trump deliver on reopening your mines and plants? - just curious. This is the lying Pharma
Why keep slandering Pharma when he isn't even part of the conversation ? I always thought he was a liar but I never called him one. I haven't seen him/her post for a while, so not sure if he/she is still active.
I suppose when people don't know who they are talking too it should be no surprise they don't know what they are talking about either.
Why keep slandering Pharma when he isn't even part of the conversation ? I always thought he was a liar but I never called him one. I haven't seen him/her post for a while, so not sure if he/she is still active.
I suppose when people don't know who they are talking too it should be no surprise they don't know what they are talking about either.
I was assuming that you (Phma) = Pharma
My bad
Now, do you wanna respond to my comments and Powell’s?
The Fed is all about trends. Powell sees increasing inflation - it’s 2-3% now vs. near zero for a longtime. He sees GDP growth at 4% vs. 2% for a long time. He sees that they’re trending up. He wants to slowly decrease the momentum.
No, inflation ain’t 10% - neither is GDP growth. But, both are rising...aka heating. Again, take it from Powell, not me:
Of course they were talking about the economy not the stock market. But they seem to be getting the blame for the drop in the market due to Fed rate hikes.
Of course they were talking about the economy not the stock market. But they seem to be getting the blame for the drop in the market due to Fed rate hikes.
You’re simply NOT GETTING IT! Yes, the economy is great! But, the Fed doesn’t want it to over heat so it’s been raising rates slowly to keep GDP growth and inflation from growing too fast. Powell has also announced that he intends to keep raising rates.
Trump etc. thinks that GDP can/should grow 5-6-8%. It never has, and it won’t - Powell won’t let it. If GDP WERE to grow at 6%, inflation would follow - this is how the economy works! High inflation is a bad-thing!
You’re simply NOT GETTING IT! Yes, the economy is great! But, the Fed doesn’t want it to over heat so it’s been raising rates slowly to keep GDP growth and inflation from growing too fast. Powell has also announced that he intends to keep raising rates.
Trump etc. thinks that GDP can/should grow 5-6-8%. It never has, and it won’t - Powell won’t let it. If GDP WERE to grow at 6%, inflation would follow - this is how the economy works! High inflation is a bad-thing!
You are not getting it !!! Your own sources don't agree with you !!!
Here it is again from a link I provided. What does that say in bold below ?
BUFFALO, NY (Reuters) - Current economic conditions are “as good as it gets” for the U.S. central bank, a key policymaker said on Thursday, with steady inflation and low unemployment allowing the Federal Reserve to continue gradually raising rates.
https://www.reuters.com/article/us-u...-idUSKCN1LM28G
Fed Chairman :
Jerome H. Powell, the Federal Reserve chairman, said Tuesday that the American economy is enjoying an unusual but sustainable period of low unemployment and low inflation. He described the current moment, and the Fed’s expectation that it will continue, as “not too good to be true.”
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.