Dow jumps more than 200 points to 28,000, posts 4-week winning streak

Discussion in 'Current Events' started by US Conservative, Nov 15, 2019.

  1. Arkanis

    Arkanis Well-Known Member

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    How do you explain that the FED has lowered rates three times since January to prevent the country from falling into recession.

    1.9% GDP growth for the third quarter......

    Are you going to make me believe that it's the democrats' fault and their stupid trade wars?
     
  2. Paul7

    Paul7 Well-Known Member

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    No doubt if a Dem is elected they'll bend over for China as past president's did before Trump.
     
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  3. Quantum Nerd

    Quantum Nerd Well-Known Member

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    No doubt, if a Dem was president and would put tariffs on China, the GOP would call them socialist and would cry about free markets coming to an end.
     
  4. Paul7

    Paul7 Well-Known Member

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    We had tariffs for much of our history, including our most prosperous times. Before the income tax tariffs were the main source of government revenue. It isn't a free market when other nations charge us 10 times more to import our products than we do them.
     
    Last edited: Nov 16, 2019
  5. Blaster3

    Blaster3 Well-Known Member

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    say what! you mean we have to wait at a minimum 5 more years to find out... the anxiety just gonna kill me... not
     
  6. Blaster3

    Blaster3 Well-Known Member

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    that history has been over-written with 'free sh*t for everybody...
     
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  7. Moonglow

    Moonglow Well-Known Member

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    And the free **** continues under Trump...Undoubtedly..
     
  8. Moonglow

    Moonglow Well-Known Member

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    The Chinese were capitalist when Trump was running for office now they have morphed into being communist, again...
     
  9. Paul7

    Paul7 Well-Known Member

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    Really, what policies were changed, or did you just make that up?
     
    Last edited: Nov 16, 2019
  10. Moonglow

    Moonglow Well-Known Member

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    I never make up anything I copy and paste...What changed was the rhetorical propaganda from the echo chambers of the right that claim now that Dems are commies and align wit da Chinese because The Don has castigated the Chinese in a trade war......Before such castigation The Don loved him so much China..
     
    Last edited: Nov 16, 2019
  11. Pollycy

    Pollycy Well-Known Member

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    It's all about essentially 'free money' from the Fed in the form of almost completely interest-free loans. Blame it mostly on the fact that back in 2008, instead of punishing the hell out of the Wall Street gamblers and criminals who caused the "Great Recession", instead, the Fed and BOTH the Republican and Democrat Party big-wigs decided to "rescue" them and make them richer than ever by bloating the stock market to insanely high levels of valuation.

    In a country that is already drowning in every kind of debt, right now, near-zero interest rates are nothing but a deadly, highly-addictive drug to a nation of hopeless addicts, and I predict that now it cannot end well -- no matter who is "in office"....
     
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  12. TheAngryLiberal

    TheAngryLiberal Banned

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    WallStreet realizes from these Impeachment hearings that Impeachment will never make it through the Senate, because of how apparent it is that it's all a Political Sham. MAGA 2020
     
  13. Paul7

    Paul7 Well-Known Member

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    Schiff knows that too, it's a political circus. Can anyone name one thing this Democratic House has done to improve the lives of ordinary Americans?
     
  14. US Conservative

    US Conservative Well-Known Member Past Donor

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    BIden already has bent over for China, and Bloomberg wants to.
     
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  15. Pollycy

    Pollycy Well-Known Member

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    Hmm... damn good question. We all remember that "Messiah" Obama's Obamacare was going to save each American family $2,000 each and every year... oh, but it didn't really work out that way....

    Well... now we've got a lot of welfare-hawking Democrats who PROMISE to do something to improve the lives of ordinary Americans, but who the hell knows. "Money talks, and bullshit walks....", goes the old saying.

    Any Democrat who wants to be elected to the presidency needs to do only one (ONE) thing -- promise to give Social Security recipients the first decent increase in benefits (which they've EARNED) in over TEN YEARS. That would target the Baby Boomer voters, and there's over 70,000,000 of us. We 'Boomers' are chronic voters, rarely missing a chance to participate in elections. Like I said, "MONEY TALKS AND BULLSHIT WALKS...."

    So far, Elizabeth Warren seems to be the only Democrat running for president who even has any awareness of this.... I don't like her at all, but as far as I can tell, this election is hers to take if she wants it.... In fairness, Trump doesn't know anything about the lack of decent increases for Social Security, either. He's busy wrecking interest rates on people's savings accounts and herding everyone into the phenomenally overvalued stock market 'casinos'....


    [​IMG] DISGUSTING!
     
    Last edited: Nov 16, 2019
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  16. BuckyBadger

    BuckyBadger Well-Known Member

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    Index funds and I am killing it. Thanks President Trump. :)
     
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  17. Market Junkie

    Market Junkie Banned

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    Try ownin' MSFT since '09 when it was trading around 16-bucks a share, Bucky.

    Now THAT'S killin' it... 8)
     
  18. Socratica

    Socratica Well-Known Member

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    Not sure what you are referring to. There are thousands of different interest rates. The only amount of debt that were near zero were loans in the inter-banking market; loans from the fed, and the risk-free rate.
     
  19. Pollycy

    Pollycy Well-Known Member

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    Excellent question! Here's a useful site with brief, to-the-point information about the various interest rates: https://www.investopedia.com/terms/f/federalfundsrate.asp .

    Of greatest 'interest' to people who actually maintain money in savings accounts in S&L's, credit unions, and banks is the interest they will earn on their certificates-of-deposit and other investment vehicles, of course. The Federal Reserve combine controls all of these interest rates, and uses leverage of money supply (which only it can) to do so.

    No doubt about it... the Fed runs everything of any real significance in the U.S. economy. The same kind of stranglehold is inflicted on Europe's economy by the European Central Bank; in Japan by the Japanese Central Bank; in Great Britain by the Bank of England, etc.

    There appear to be only two major-league nations in which the country's central bank doesn't run everything and everyone -- the Russian Federation and China.

    At any rate, since the "Great Recession", the major push by the Federal Reserve central bank has been to flush money out of secure investments like CD's and into the stock market 'casinos'. The tactic has required bizarre strategies (all the "QE's", "Operation Twist", bond-buying, etc.), nearly all of which have been destructive to every principle of a free-market economy. And, the net-net of it is that if you save money responsibly, and you aren't a stock market gambler, you get SCREWED.... :buggered:
     
    Last edited: Nov 17, 2019
  20. Socratica

    Socratica Well-Known Member

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    Incorrect. The Federal Reserve doesn't control interest rates. They merely attempt to influence. You probably see this as a meaningless, semantical difference, but it is not.

    Again, monetary authorities don't "run" things, they merely attempt to influence. They can influence reserves and currency that isn't significantly in the control of the non-banking public. Yes, majority of what you hear about "don't fight the fed" is true, but that is only if they have utilization of the proper tools.

    Not accurate. The purpose of central banks during the great recession was to provide liquidity to the banking system in an attempt to spur investment confidence, rather than for banks to utilize the opportunity cost of gathering interest on the excess reserves. The purpose of this policy was mostly to affect the interest rate channel, but it also affected the portfolio rebalancing channel. The reason for this is because there was a very low supply of high quality risk-free debt in the market. With lack of government bonds, investors are sometimes forced into purchasing other liquid assets, sometimes equities.
     
  21. Pollycy

    Pollycy Well-Known Member

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    Well, I respectfully disagree with about 90% of what you've said, but I do focus on your phrase, "The purpose of central banks during the great recession was to provide liquidity to the banking system in an attempt to spur investment confidence...." as being quite accurate! Indeed, as I've suggested, the Fed has done about all it can to lure people out of safe investments and into the stock market 'casinos' where the stand to lose everything, as many of them did 12 years ago....

    When demand for CASH is high, interest rates should increase, not the reverse! Instead, the Fed (and these other central banks) ran the so-called 'printing-presses' until they nearly melted -- which was just about the worst thing they could have done to shake out the "crap" and encourage healthy, intelligent economic growth, going forward.

    Remember what we called "Reaganomics" in the early 1980's? Fed Chairman, Paul Volcker raised interest rates greatly, and those actions more than anything else, tamed roaring inflation, plus the persistent effects of "Stagflation", and put the economy on an excellent trajectory for years to come.

    Although for odd, illogical reasons, we no longer measure REAL inflation in things that people commonly buy and/or must pay for in 'services', we have had very large increases in the costs of living since 2008. Houses, rents, cars, groceries, hardware, dentistry, medical services, on and on. But, somehow, neither the Fed nor anyone else seems to pay any attention to those increases....

    In sum: instead of putting OUR economy at risk to save Europe, we should enact a tight-money policy, strengthen the U. S. Dollar, and increase interest rates commensurate with the enormous demand for credit that is now at an all-time high in this country. Where is Paul Volcker now that we need him again?
     
    Last edited: Nov 17, 2019
  22. Socratica

    Socratica Well-Known Member

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    Again, that wasn't the purpose of the Fed, that was merely a byproduct of their actions. If there is a low supply of high quality, very liquid debt, naturally a flight to yield will occur.

    Interest rates creates a demand for borrowing, not the other way. It's the supply of money in the banking system that influences the interest rates.

    First and foremost, none of what you cited was related to Reaganomics. Secondly, if you were to speak to Paul Volcker, he would not tell you that he raised interest rates. He will tell you that he simply sold their long dated securities on their balance sheet and collected payments from banks by withdrawing money from their reserve accounts, placing fewer dollars in the banking system and placing upward pressure on the Fed Funds Rate.

    I don't know mean by REAL inflation, but we measure inflation for consumer goods. Housing is not considered a consumer good but we measure owners-equivalent rent and rent of primary residence.

    Monetary policy doesn't work this way.
     
  23. TheGreatSatan

    TheGreatSatan Banned

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    Watch Hong Kong. Chinese Democrats are about to impose Democrat life on the Hong Kong people.
     
  24. Dispondent

    Dispondent Well-Known Member Past Donor

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    Historically Democrats weren't socialist shills, Obama and every Dem since can't be trusted not to steal from the people on an epic scale...
     
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  25. TheGreatSatan

    TheGreatSatan Banned

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    The Democrat party no longer represents the interests of the American people. They represent the interests of the world in American politics. They are globalist that respect no borders.
     
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