OT: Global Markets
- Thread starter Lettucexxxx
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because the entire financial world revolves around the US
How could it be??!!!
We’ve been told the economy is thriving for the last 3 1/2 years ********
We’ve been told the economy is thriving for the last 3 1/2 years ********
robinhood rock steady
it was being patched up with falsified govt reports, free govt money, and wall street manipulation - they were hoping to make it to nov but you can only put so much lipstick on a pig.
No need to worry. Our strong, transparent Biden Presidential Administration will pull us out of this.
It was mostly a drop right at open, reflecting what global markets did over the weekend. Seems stable at the moment.
Hmm. I think if student loans gets worked out, it will be a be a compromise that vastly limits interest paid, only. So that's more of a future gift than an immediate economic impact. If anything it will limit the money supply as that interest money doesn't come in to investors. But, it will get those benefittees spending more as well.
Tax cuts. Meh, more billions for those with trillions. Will goose asset prices a bit. If I'm being selfish (like a good capitalist!), I'd prefer they do that when I'm retired. Now, those child tax credits, sign me up for that! That will goose my future wealth more than any other proposal (well, assuming other proposals don't tank things).
My take, at the risk of derailing this convo (i will bow out after saying this piece, to try to avoid derailing).
You have several Trumpie board members who openly want to cut in December. You have members going by the data (including or maybe solely the "lefties", or maybe none at all on the Board but their take known by the Board) saying cut now. So the centrists on the Board said, September.
This is the real world impact of a far right Republican Party and raging Centrists who refuse to see it and continue to try to split the baby, both running this country. Everything will result in worse outcomes than it should have been.
We need to relearn that "moderate" means you side with logic and reason, and if that means siding with one Party for 20 years until the other gets its head out of its @SS, then so be it.
I was told by the current guy that what happens on your watch is on you (about the previous guy). Their on the watch. It's on them. I don't make the rules. And just to let it get off the rails, I wouldn't put Kamala Harris in charge of my son's lemonade stand.
Ah, there it is. This all because of the “far right” and “centrists”.
Percentage-wise, these drops aren't really that big. I'm staying put, and possibly investing more this afternoon.
I expect a "dead cat" bounce as quickly as tomorrow.
But I suck at investing for some reason. All I know is, with everyone talking about a recession, this was bound to happen.
I expect a "dead cat" bounce as quickly as tomorrow.
But I suck at investing for some reason. All I know is, with everyone talking about a recession, this was bound to happen.
The kinda "Thinking" your thinking about prolly aint going on now in Tehran. Can you imagine a bomb in your Palace goes undetected for 2 months then blows up the moment your foreign dignitary enters his visiting quarters? What kinda mindset you think they have right about now? I'd say one that's scared schitless and thinking 72 Virgins so why not go out guns ablazing fulfilling your promise of death to Israel.
Or maybe, just maybe, the same people that 17ed it up by waiting too late to increase rates are now waiting too late to drop rates?
I still think that's too early to make that claim though. The risks to the fed weren't symmetrical here. They burned through so much credibility when they essentially redefined "average" to mean something closer to "low end of the range" that dropping rates too early would be much worse than dropping them too late. If they moved too early, we'd have worse inflation and pretty much guaranteed a recession anyway. If we have a mild recession to make sure we don't have another bout of nasty inflation, that's not the worst result in the world.
The thing is it might not have been the Iseral. It could have been some inside group that planted it waiting on a high-profile target. Don't get me wrong I think Iseral had something to do with it. I was just saying. The thing is if they attack, Iseral will take out anything and everything oil. There is nothing the clown show living part time in the WH can do about it.
can you imagine waiting until you hit exactly 1.99 before cutting rates??? these are the 17tards we’re depending on. this is like not touching the brake pedal until you reach the white line at the stop light
I had to read this twice to make sure by "board members" you didn't mean sixpackers. I needed to know that you don't think markets are crashing because right-leaning sixpackers don't listen to left-leaning sixpackers.
those puss iranians will telegraph a few softballs retaliations with zero damage. these allah morons are not that stupid
I personally think we're a long way from that happening. You know this could still turn out to be just a large correction and doing something like stopping trading could just create more panic .
The US is not adding children at replacement levels either. We better fix immigration or we are going to be right on their heels.
Maybe there are still members that actually meant "average" in the normal use of the word with their FAIT policy and didn't agree with redefining "flexible" to mean, "flexible to redefine the meaning of average"?
But they just had some upside surprises in the last few months. Their monthly reading for March and April (so really that would be April and May as far as them getting the data) would have been something like 7.8% and 4.6% if annualized over a year. Again, they couldn't afford to cut too early. If it turns out they cut too late, that won't be surprising at all considering their incentives.
Stop being level headed! We need to panic NOW!!!*****
We’ll see how the week shakes out. No one knows what is going to happen. This is what the modern day media loves to pump headlines out for. Fear makes them money. Honestly they’ve been putting out recession headlines for 2 years. They’ll keep going after this too. The media has predicted 1000 out of the last 3 recessions.
Fixing immigration isn't going to help that. Doesn't mean it isn't a good idea to fix it, but people in the US aren't holding off on having babies because illegals are flooding over the border while we make it unreasonably hard for skilled workers to immigrate legally.
That's more of a cultural issue than policy issues. But government might could help a good bit by stopping the huge financial penalties it puts on parenting through social security and medicare.
He's one of the ten worst presidents in history so yeah, I kind of fear him being in charge.
So my wife is running this show? That's not good.
No such thing as "Student Loan Forgiveness". That's just another dishonest title on a book cover like 'Inflation Reduction Act". The contents show not forgiven only transferred to those who don't owe it.
Anyone else read this thread first then check the markets? Got a good chuckle. Folks are dramatic.
Is the economy the same as investment markets?...or are the separate, even if they are both sometimes impacted by the same outside force?
This question was also asked back in '17-'19, since it seemed like many would argue one is strong by pointing to the other's performance.
Changes to immigration laws, which would increase legal immigration to offset a decrease in domestic population growth, would help to offset a decrease in domestic population growth.
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