Capitalism, The Fed and Economic Policy

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  • Posts: 41,359
    Halifax2TheMax said:
    Dow up 235 points today.
    500 down yesterday.  Look for a rally today though.
  • Posts: 9,215
    tempo_n_groove said:
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    500 down yesterday.  Look for a rally today though.
    I was waiting for him to update us on the market yesterday but it never happened. 
  • Posts: 30,879
    nicknyr15 said:
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    I was waiting for him to update us on the market yesterday but it never happened. 
    You know the old saying.. "buy the rumor, sell the news".  That could be the case here.  People have been buying, expecting the fed to lower rates when better inflation data hits.  Then it hits, we spike, we drop.  The old term is "profit-takers".  Maybe I'm wrong, I'm right aobut 50% of the time on this stuff.  But that's my take.  Either way, I don't live on equities, they are long term investment.  So I am riding it all out. 
  • Posts: 9,215
    mrussel1 said:
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    You know the old saying.. "buy the rumor, sell the news".  That could be the case here.  People have been buying, expecting the fed to lower rates when better inflation data hits.  Then it hits, we spike, we drop.  The old term is "profit-takers".  Maybe I'm wrong, I'm right aobut 50% of the time on this stuff.  But that's my take.  Either way, I don't live on equities, they are long term investment.  So I am riding it all out. 
    I haven’t touched my dividends since February. I keep anticipating a big dip that never seemed to happen… yet. If we get a big dip I’ll be buying hand over fist. 
  • Posts: 49,590
    edited July 2024
    Funny how Trump did not mention the stock market or our 401k's last night when he never shut up about it a few years ago. lol

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  • Posts: 30,879
    The Juggler said:
    Funny how Trump did not mention the stock market or our 401k's last night when he never shut up about it a few years ago. lol

    But I'm sure he talked about GDP growth,  right?
  • Mar-A-Lago Posts: 22,172
    Yeah remember he said the market would crash if Biden was elected. Fucking asshole.
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
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    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • Posts: 49,590
    Haha.....yeah and Rus, you're right, I don't think he mentioned GDP. Son of a gun! 
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  • Posts: 6,927
    tempo_n_groove said:
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    So explain how the president effects the economy? I mean the democratic policies of owning homes is what doomed us in 09.  That wasn't the presidents doing under Bush but what the dems brought forth.
    Bush got the blame from dems and Obama got the blame from repubs.
    So explain the difference between affect and effect
  • Posts: 6,927
    mrussel1 said:
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    I generally believe that presidents have little to do with economic performance since we went to an independent Fed.  I know the stats you are quoting, but I think this is generally bad luck for the GOP.  For example, Trump's recession in 2020 was caused by the pandemic.  There was no policy that caused that.  Same with the recession that started in 2008.  I cannot point to any particular policy during the Bush era that would have had a direct cause of that one.  It was years in the making and driven by economic conditions and policy through the Clinton and Bush years.  

    If republicans are so unlucky we should probably stop electing them
  • Posts: 30,879
    CM189191 said:
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    If republicans are so unlucky we should probably stop electing them
    We should stop electing them for other reasons.  
  • Posts: 30,879
    CM189191 said:
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    So explain the difference between affect and effect
    One is a verb, the other a noun.  
  • Posts: 41,359
    CM189191 said:
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    So explain the difference between affect and effect
    Your smart enough to find my grammatical errors but knot answer the question.  Good pivot.
  • Posts: 41,359
    mrussel1 said:
    show previous quotes
    I generally believe that presidents have little to do with economic performance since we went to an independent Fed.  I know the stats you are quoting, but I think this is generally bad luck for the GOP.  For example, Trump's recession in 2020 was caused by the pandemic.  There was no policy that caused that.  Same with the recession that started in 2008.  I cannot point to any particular policy during the Bush era that would have had a direct cause of that one.  It was years in the making and driven by economic conditions and policy through the Clinton and Bush years.  
    2008 was housing and a democratic bill.  I would say that was the leading factor.
  • Posts: 42,079
    tempo_n_groove said:
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    2008 was housing and a democratic bill.  I would say that was the leading factor.
    It was the shrub administration’s lax oversight of the savings and loan and corporate banking industries bundling subprime loans as investment products on Wall Street. The housing market crashed in 2009 and Obama didn’t take office until1/20/09. This is why ‘Murica has gone to shit, shit for memories of what happened when, who was responsible and why. Shrub’s brother was responsible for a collapsed bank for crying out load. But dems and Obama, right?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • Posts: 41,359
    Halifax2TheMax said:
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    It was the shrub administration’s lax oversight of the savings and loan and corporate banking industries bundling subprime loans as investment products on Wall Street. The housing market crashed in 2009 and Obama didn’t take office until1/20/09. This is why ‘Murica has gone to shit, shit for memories of what happened when, who was responsible and why. Shrub’s brother was responsible for a collapsed bank for crying out load. But dems and Obama, right?
    Actually it started with Clinton if you remember. That was where the bill originated from but yeah, Obama.  That's why i didn't mention him...
  • Posts: 42,079
    tempo_n_groove said:
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    Actually it started with Clinton if you remember. That was where the bill originated from but yeah, Obama.  That's why i didn't mention him...
    And the Shrub administration’s regulatory agencies looked the other way via deregulation of banking and energy sectors. Reference the specific Clinton bill that lead to the housing crisis, please?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • Posts: 41,359
    Halifax2TheMax said:
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    And the Shrub administration’s regulatory agencies looked the other way via deregulation of banking and energy sectors. Reference the specific Clinton bill that lead to the housing crisis, please?
    Sure can! Community Reinvestment Act.
  • Posts: 42,079
    tempo_n_groove said:
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    Sure can! Community Reinvestment Act.
    Are you claiming that a bill passed and signed into law in 1977 is responsible for the housing crisis of 2009?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • Posts: 6,927
    tempo_n_groove said:
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    Your smart enough to find my grammatical errors but knot answer the question.  Good pivot.
    So explain how "the president has little to no results of an economy"?

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