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There have been already two meltdowns in recent past. Both times the greedy people, who believe the way to make money is not by hard work but by gambling on the market, have been bailed out by a forced transfer of wealth from savers to greedy, worthless stock gamblers.
You're painting with a pretty broad brush here, there are millions of regular middle class American workers who invest in stock mutual funds via their 401ks. Our coworkers, neighbors, family, and friends.
You're labeling them all worthless and greedy, which I don't believe is true. In fact most of them are using stocks to save up for retirement, so they are in fact part of the group you call "savers" and paint in a victim light. People who use other investment vehicles besides bank savings accounts to accumulate money are still savers.
Quote:
Originally Posted by richrf
People are really getting tired of starving just to keep the worthless stock markets afloat.
Who is starving? Can you name someone?
Stock markets aren't worthless, people sell stocks for cash all the time.
DOW down over 665. Didn't I say this was going to happen? Stocks have been extremely over-valued for a very long time. My prediction, the bottom is at 10,000 and over the next 24 months you will see the DOW go back down to 10,000.
When The Fed increases rates, my Long Term CDs will be back at 3.5% - 4% . Forget this roller coaster/casino that is the secondary portion of the Stock Market!!
DOW down over 665. Didn't I say this was going to happen? Stocks have been extremely over-valued for a very long time. My prediction, the bottom is at 10,000 and over the next 24 months you will see the DOW go back down to 10,000.
When The Fed increases rates, my Long Term CDs will be back at 3.5% - 4% . Forget this roller coaster/casino that is the secondary portion of the Stock Market!!
Not seeing a market where the fed will be increasing rates. We are only a week away from Sept.
Not seeing a market where the fed will be increasing rates. We are only a week away from Sept.
But they are going to have to increase rates eventually within the next 12 - 24 months. They have to. They can't continue the low rate environment forever.
DOW got to the height of 18,000 and now they are coming down because it's nowhere else for them to go. That was the HEIGHT people.
DOW down over 665. Didn't I say this was going to happen? Stocks have been extremely over-valued for a very long time. My prediction, the bottom is at 10,000 and over the next 24 months you will see the DOW go back down to 10,000.
When The Fed increases rates, my Long Term CDs will be back at 3.5% - 4% . Forget this roller coaster/casino that is the secondary portion of the Stock Market!!
Overvalued? When did anyone ever do valuation on stocks since the Fed's started to print money. All people do is keep stuffing money into the stock casino thinking that the Fed's can keep propping it up forever.
The problem with this theory is it only works if the Fed's keeps up monetary policy which continues to destroy the middle class and thereby lowering the standard of living for for everyone except the top 1%. At some point social unrest b begins to foment. Here in the U.S. it is the Trump/Sanders phenomena. In Brazil, Spain, Greece, etc. It is far more visceral. The Central Bankers are in trouble and hopeful a bunch of them are finally thrown in jail.
But they are going to have to increase rates eventually within the next 12 - 24 months. They have to. They can't continue the low rate environment forever.
DOW got to the height of 18,000 and now they are coming down because it's nowhere else for them to go. That was the HEIGHT people.
They probably will in the next 2 years but no guarantee there. They probably should have done it a year ago.
They can't raise rates any more. A humongous amount of money has been borrowed and thrown away in empty assets all around the world - personal, corporate, and sovereign. Any attempt to raise rates would hasten the bankruptcies that have already begun to topple corporations and sovereign states all around the world.
The Feds have to do nothing until they see how much they have destroyed in total. It is a problem of massive, worldwide, misallocation of capital. One example is valuing Uber at $50 billion or the insane valuations of empty Chinese factories and buildings. Money just disintegrating into dust.
Overvalued? When did anyone ever do valuation on stocks since the Fed's started to print money. All people do is keep stuffing money into the stock casino thinking that the Fed's can keep propping it up forever.
The problem with this theory is it only works if the Fed's keeps up monetary policy which continues to destroy the middle class and thereby lowering the standard of living for for everyone except the top 1%. At some point social unrest b begins to foment. Here in the U.S. it is the Trump/Sanders phenomena. In Brazil, Spain, Greece, etc. It is far more visceral. The Central Bankers are in trouble and hopeful a bunch of them are finally thrown in jail.
Quote:
Originally Posted by richrf
They can't raise rates any more. A humongous amount of money has been borrowed and thrown away in empty assets all around the world - personal, corporate, and sovereign. Any attempt to raise rates would hasten the bankruptcies that have already begun to topple corporations and sovereign states all around the world.
The Feds have to do nothing until they see how much they have destroyed in total. It is a problem of massive, worldwide, misallocation of capital. One example is valuing Uber at $50 billion or the insane valuations of empty Chinese factories and buildings. Money just disintegrating into dust.
^^^ REPPED , excellent spot on analysis. Finally someone on this Forum that understands how the Fed has totally F'ed things up with these monetary policies.
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. Forget this roller coaster/casino that is the secondary portion of the Stock Market!!
, excellent spot on analysis. Finally someone on this Forum that understands how the Fed has totally F'ed things up with these monetary policies.
