Capitalism, The Fed and Economic Policy

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  • mickeyrat
    mickeyrat Posts: 44,367
    edited April 4
    mrussel1 said:
    mickeyrat said:
    mrussel1 said:
    GREAT NEWS!  Oil is down to $61/barrel.  That's what happens when the market prices a recession.  So the glory days of $2 gas during the Pandemic are coming back!  

    Winning! 

    except. its still 3 29 at the cornwr
    In all seriousness gas will be coming down. But that’s not a good thing. 
     after those oil execs that ponied up some cash when he asked , I wonder how they feel now?
    Post edited by mickeyrat on
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1
    mrussel1 Posts: 30,879
    Okay this opinion piece is downright hilarious.  It's right in line with the 4d chess argument.  Let me just summarize this for you...

    The plan was to drive the stock market down, with money flowing to treasury bonds.  That would in turn force the Fed to reduce interest rates which would then save us billions in interest payments on the debt.  

    No joke.  Of course the opinion writer didn't bother to address all of the lost tax revenue stemming from the market collapse, to achieve these rounding-error worthy savings in interest.  The reason he didn't is because 1. it's total bs and 2. he knows Fox readers are stupid.  

    https://www.foxnews.com/opinion/heres-what-trump-really-up-high-stakes-tariff-gambit
  • tempo_n_groove
    tempo_n_groove Posts: 41,359
    Everything is rallying now.  Buying spree?
  • tbergs
    tbergs Posts: 10,401
    tempo_n_groove said:
    Everything is rallying now.  Buying spree?
    So weird and now tanking again. Such a mess.
    It's a hopeless situation...
  • tbergs
    tbergs Posts: 10,401
    tbergs said:
    tempo_n_groove said:
    Everything is rallying now.  Buying spree?
    So weird and now tanking again. Such a mess.
    I think it was because there was a rumor Trump was going to put a 90 day pause on the tariffs, but once that was dispelled, back to sell offs.
    It's a hopeless situation...
  • mrussel1
    mrussel1 Posts: 30,879
    tbergs said:
    tbergs said:
    tempo_n_groove said:
    Everything is rallying now.  Buying spree?
    So weird and now tanking again. Such a mess.
    I think it was because there was a rumor Trump was going to put a 90 day pause on the tariffs, but once that was dispelled, back to sell offs.
    Chaos, as usual.   The markets and business hate chaos.  
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,523
    Lol this guy has no idea what a tariff is; another 50% tariff threat towards China lol.

    I thought I wouldn't be alive when the US lost its spot as the top financial leader in the world but here it is lol

    I don't wish harm on most people but if you voted for this and your retirement is plummeting into the shitter, god I hope it hurts so bad.
  • Vitalogensia
    Vitalogensia Posts: 2,197
    As Mr. Trump wrote, “Don’t be a PANICAN!”
  • mrussel1
    mrussel1 Posts: 30,879
    Vitalogensia said:
    As Mr. Trump wrote, “Don’t be a PANICAN!”
    He totally burned us with that one.  
  • tbergs
    tbergs Posts: 10,401
    mrussel1 said:
    Vitalogensia said:
    As Mr. Trump wrote, “Don’t be a PANICAN!”
    He totally burned us with that one.  
    I thought Panicans was the new term for people living by the Panama Canal after the US took it back. 😉
    It's a hopeless situation...
  • nicknyr15
    nicknyr15 Posts: 9,216
    mrussel1 said:
    Vitalogensia said:
    As Mr. Trump wrote, “Don’t be a PANICAN!”
    He totally burned us with that one.  
    There’s a presidential way of communicating what he means by that. A calm , reassuring tone to trust the process and hold strong would go a long way, even if it is bullshit.  But of course we get Panican in all caps. 
  • Vitalogensia
    Vitalogensia Posts: 2,197
    Seems panican might be used against maga, at least one can hope. 
  • tempo_n_groove
    tempo_n_groove Posts: 41,359
    So I think we will be in a bear market if we aren't already.  Get ready to buy stocks if u can.
  • mrussel1
    mrussel1 Posts: 30,879
    tempo_n_groove said:
    So I think we will be in a bear market if we aren't already.  Get ready to buy stocks if u can.
    Bear is 20% down from high.  I'm pretty sure we hit that yesterday before the rebound.  
  • tbergs
    tbergs Posts: 10,401
    mrussel1 said:
    tempo_n_groove said:
    So I think we will be in a bear market if we aren't already.  Get ready to buy stocks if u can.
    Bear is 20% down from high.  I'm pretty sure we hit that yesterday before the rebound.  
    I think we were about 1% away. I feel bad for anyone that bought yesterday thinking things were going to be stable. On pace to almost lose all those gains. Such a horrible situation for the economy whether or not you're a stock holder or not. Businesses have no way to plan or forecast anything beyond each day because we have an ego maniac flip flopping constantly. 
    It's a hopeless situation...
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,101
    tbergs said:
    mrussel1 said:
    tempo_n_groove said:
    So I think we will be in a bear market if we aren't already.  Get ready to buy stocks if u can.
    Bear is 20% down from high.  I'm pretty sure we hit that yesterday before the rebound.  
    I think we were about 1% away. I feel bad for anyone that bought yesterday thinking things were going to be stable. On pace to almost lose all those gains. Such a horrible situation for the economy whether or not you're a stock holder or not. Businesses have no way to plan or forecast anything beyond each day because we have an ego maniac flip flopping constantly. 
    No sympathy from me. Elections have consequences.
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  • Halifax2TheMax
    Halifax2TheMax Posts: 42,101
    Question is, can ‘Murica survive 1,381 more days of this?
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  • tbergs
    tbergs Posts: 10,401
    Halifax2TheMax said:
    Question is, can ‘Murica survive 1,381 more days of this?
    Yes, I think he's going to be bored of all of this by summer. He just likes attention and isn't interested in being a president who doesn't get to act like a king. Half of these things will totally fail and the other half will be carried out haphazardly for the next several months. No matter what, he'll claim success and then disappear to golf and enrich himself with his pals in the middle east. We'll have to endure horrible responses to national disasters, both natural and human alike, and the continued push for looser regulations and broader executive power, but ultimately he's just going to pretend anything he didn't actually accomplish wasn't because of him and his cronies will be right there to back him up.
    It's a hopeless situation...
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,523
    This is why I'm seeing a lot of smart economists not moving off of their forecasts for a recession this year, because the toothpaste is already out of the tube in multiple ways.
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,101
    Has anyone checked the value of Jared Dear Boy’s Saudi wealth fund of late? No curiosity? At all? Okay then, how about an update on Hunter’s laptop?
    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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