ffldrew
Footballguy
It's a 3 day losing streak - time for a China trade negotiations are getting close tweet.
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Stock Market under Trump (1 Viewer)
- Thread starter Sinn Fein
- Start date
HellToupee
Footballguy
NREC34
Footballguy
Seems like it’s recovered some. Do you know why? I have not heard any reason.
Maybe the trade deal imminent?
ffldrew
Footballguy
GoBirds
Footballguy
Sheriff Bart
Footballguy
Expectations are they crush earnings because Trump got rid all of those pesky regulations put in place to prevent another 2008.
FWIW, this is the reason for the turnaround yesterday. Hurray.
Gopher State
Footballguy
Another big day for the markets, Trumps MO for 2020
Alex P Keaton
Footballguy
Sheriff Bart
Footballguy
Everyone is expecting 1/4 but if it's anything more than that....here where it get crazy.
Don't Noonan
Footballguy
The Commish
Footballguy
With weak wage gains and the possibility of increased inflation, what could go wrong? Best part will be Trump's pounding his chest that he got the Fed to reduce rates
2Squirrels1Nut
Footballguy
One would think that someone with billions in equity would want a rate INCREASE. Particularly in "the greatest economy of all time". The pressure Trump has been putting on the Fed to drop rates tells a different story about his financial situation.
The Commish
Footballguy
So are we now in the "quantitative easing" portion of the program in the strongest economy ever seen by man???? I can't wait to hear that talking point. Those that were pissed at the Fed during Obama years for low rates have got to be beyond pissed with the Fed this time
The Commish
Footballguy
I don't think he has any clue about how any of this works....he doesn't know what he's asking for. Earlier this year (or maybe last) he suggested lowering rates slowed inflation so......
ffldrew
Footballguy
Add this easing action to the increase in the deficit/debt and it would be difficult to explain that the tax cut was anything but a failure in a macro sense. Let's hope the damage can be contained. It's going to take a lot of work to fix this mess in the long term.
ETA. Looks like Wharton isn't all that it's cracked up to be
ETA. Looks like Wharton isn't all that it's cracked up to be
Last edited by a moderator:
ericttspikes
Footballguy
It's all about the election. Bad policy eventually has consequences, he's trying to stall the inevitable. Nixon did the same thing.
We're in an era of low global rates, and US debt is still desirable. The risk of inflation is low and it's better to act early than late. This helps reduce the interest on the ever-growing deficit.
Some of the negative consequences of low rates are risky yield chasing and low yields for things like pension funds, retirees savings account and the social security trust fund.
https://wolfstreet.com/2019/07/31/the-giant-sucking-sound-of-financial-repression/
Some of the negative consequences of low rates are risky yield chasing and low yields for things like pension funds, retirees savings account and the social security trust fund.
https://wolfstreet.com/2019/07/31/the-giant-sucking-sound-of-financial-repression/
2Squirrels1Nut
Footballguy
Plus the dollar has been rising. Which would be awesome for vacationing overseas. Of course even I would be too embarrassed to do that. This coming from a guy that let his wife's coworkers put temporary tattoos all over his fanny while he was knocked out for a colonoscopy.
tommyGunZ
Footballguy
Commish - even you have to admit that Republican hypocrisy on the debt/deficit so shortly after the Tea Party years is beyond anything you've ever seen on the Democratic side, right?So are we now in the "quantitative easing" portion of the program in the strongest economy ever seen by man???? I can't wait to hear that talking point. Those that were pissed at the Fed during Obama years for low rates have got to be beyond pissed with the Fed this time
identikit
Footballguy
Henry Ford
Footballguy
And, you know, having no tools left in the toolkit to address an economic slowdown or tightening of credit.
Henry Ford
Footballguy
Don’t be silly. It began some time ago. This is just a wake up call to everyone who didn’t see it.
It is amazes me that Trump is too dumb (stupid} to realize lashing out at the Fed is one reason rates are as high as they are. The Fed isn't going to let Trump walk all over their independence and likely rose rates in December just to prove that point. He also replaced Yellen with a less dovish chair and continues to nominate monetary crackpots to the Board of Governors.
Don't Noonan
Footballguy
Wow, some really predictably bad takes today by the usual anti-Trump crowd.
The Commish
Footballguy
The politicians are what they are. That's not all that entertaining to me. Hypocrisy of the positions is nothing new. What's entertaining is GOP leadership having the rocks they typically hide behind removed by Trump and the talking points by their supporters erased by the people they voted into office and Trump. It's been comedy gold. There was a time they talked the talk...now they can't even do that. Well, I guess they can try, but it's hilarious to watch. You need to check out the tax cuts thread.
NREC34
Footballguy
So, Noonan and Birds?
Doubt it, their heads are in the sand and Donald and co. can do no wrong.
caustic
Footballguy
I think this is a big reason why Powell was so adamant about this cut not necessarily signaling future cuts - can’t make it seem like he’s caving to Trump. Hard to make a lifelong bully realize that bullying is counterproductive here.
Don't Noonan
Footballguy
If you mean head in the sand enjoying my 20% return in my 401K YTD sure.
You can only say This is It! so many times before people realize you have no idea what you are talking about.
Sheriff Bart
Footballguy
As I've been saying for almost at least a year now a prolonged downturn or correction close to the election will be the end of Trump. That would turn his supporters more than seeing W2s for hundreds of millions from V. Putin Inc.
NREC34
Footballguy
Well I didn’t say that. I said it’s the beginning. Good chance it takes awhile to happen and they’ll probably cut rates a few more times too to try and delay it.If you mean head in the sand enjoying my 20% return in my 401K YTD sure.
You can only say This is It! so many times before people realize you have no idea what you are talking about.
I will admit to thinking last fall was “it” and it probably should’ve been but Mnuchin said what was needed at the time to somehow save it.
The stuff they’re doing is not going to keep working forever though.
GoBirds
Footballguy
He's been wrong for years and is the guy that will come out of the woodwork when a downturn happens and say "told you so!" .If you mean head in the sand enjoying my 20% return in my 401K YTD sure.
You can only say This is It! so many times before people realize you have no idea what you are talking about.
I called it on what he was long ago, LHucks but worse.
Henry Ford
Footballguy
Did you enjoy your 401k YTD at the end of 2018?If you mean head in the sand enjoying my 20% return in my 401K YTD sure.
You can only say This is It! so many times before people realize you have no idea what you are talking about.
Henry Ford
Footballguy
A recession generally doesn’t begin (certainly isn’t confirmed) until quite some time after leading indicators start showing what’s happening. Not days later, rather it’s months or years. But you know that.If you mean head in the sand enjoying my 20% return in my 401K YTD sure.
You can only say This is It! so many times before people realize you have no idea what you are talking about.
Henry Ford
Footballguy
The Dow is down since October 3, 2018. Let’s all stop acting like gambling addicts who only count the wins, not the losses.
The Commish
Footballguy
Henry Ford
Footballguy
9% would be great returns for you. Dow was at 25333 last year, 26864 today. That’s about 6%.
Gopher State
Footballguy
Well let’s see where we are at the end of the year. I suspect we be up. Only Debbie downers count the losses.
Gopher State
Footballguy
joffer
Footballguy
Don't Noonan
Footballguy
Not sure if you are serious. The usual suspects jumped in this thread today ONLY because of the drop in the market. I pointed out my 401K to the resident Chicken Little who called me out. There are many of you guys who hate Trump so much that you appear to be rooting for a market drop or recession because they think it will hurt Trump. Not a good look IMO.
Don't Noonan
Footballguy
Of course, but let's not act like all leading indicators are pointing in one direction right now. There is a reason economists are not in agreement right now on when the next recession will be. Put me in the camp for 2021 or beyond.
The Commish
Footballguy
The talk in this thread, today, has been primarily around the rate cut and the Fed's justification for making the unprecedented cut
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