Bad Economic Predictions

For stuff that is general.
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

Well, there's not a lot to dislike, unless you're a gig economy or part-time worker, or cannot afford healthcare.
It's not me, it's someone else.
Vince
Posts: 8619
Joined: Thu May 20, 2004 10:00 pm
Location: In bed with your mom

Bad Economic Predictions

Post by Vince »

Someone was complaining about how the press had been trying to depress the economy there for a while. I commented that they probably did Trump a favor. When people are worried about the economy, they're a bit more cautious. It's when everyone is cruising along thinking the housing market will keep climbing forever that they suddenly find themselves hosed.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
Leisher
Site Admin
Posts: 51385
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Post by Leisher »

“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
User avatar
Cakedaddy
Posts: 7762
Joined: Thu May 20, 2004 6:52 pm

Bad Economic Predictions

Post by Cakedaddy »

They already build the RAM in Michigan. So they are probably just going to build more there. Based on the headline "moving SOME of it's truck production".
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

2017 tax cut: Trump promised at least 3% growth. You will be STUNNED to learn we only grew 2.3% last year, the slowest place in 3 years. Totally worth trillions of debt.
It's not me, it's someone else.
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

Overheard... It's a MAGA world... Microsoft Apple Google Amazon. Although, I think Tesla should be included, so MAGAT?

Although, google is really Alphabet... but I guess MAAA doesn't have much ring to it.

At any rate, AMZN is back above $1T market cap, up 12.5% after hours, hitting 2100. Whoa.
It's not me, it's someone else.
Leisher
Site Admin
Posts: 51385
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Post by Leisher »

“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

America's biggest credit card keeps going
The budget deficit for the first four months of fiscal 2020 is $389.2 billion, the Treasury Department reported.
That’s a 25% gain from the same period a year ago.
Over the past 12 months, the gap has been nearly $1.1 trillion as the national debt has swelled past $23 trillion.
It's easy to have a good economy by running up the tab.
It's not me, it's someone else.
GORDON
Site Admin
Posts: 48677
Joined: Sun Jun 06, 2004 10:43 pm
Location: DTManistan
Contact:

Bad Economic Predictions

Post by GORDON »

TheCatt wrote: It's easy to have a good economy by running up the tab.
This exact argument was used as "a good thing" during the obama administration.

No one cares about the deficit any more.
"Be bold, and mighty forces will come to your aid."
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

GORDON wrote: This exact argument was used as "a good thing" during the obama administration.
That's not true. We were in a recession, which is the only time the government spending should step in. We're in a very different position today.
It's not me, it's someone else.
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

TheCatt wrote: No one cares about the deficit any more.
That, however, is true.
It's not me, it's someone else.
GORDON
Site Admin
Posts: 48677
Joined: Sun Jun 06, 2004 10:43 pm
Location: DTManistan
Contact:

Bad Economic Predictions

Post by GORDON »

TheCatt wrote:
GORDON wrote: This exact argument was used as "a good thing" during the obama administration.
That's not true. We were in a recession, which is the only time the government spending should step in. We're in a very different position today.
I don't want my individual position, I want all the positions.
"Be bold, and mighty forces will come to your aid."
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

I just realized that out of the FAANGMT stocks, I only own FAGAT directly.
It's not me, it's someone else.
Leisher
Site Admin
Posts: 51385
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Post by Leisher »

“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

The value of the share may be anywhere between $2.50 and $200, and fluctuates based on market movements.
My terrible stock was $5.

Also, who's Courtney R, and why did you use your own link?
It's not me, it's someone else.
Leisher
Site Admin
Posts: 51385
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Post by Leisher »

TheCatt wrote: Also, who's Courtney R, and why did you use your own link?
I have no idea. Probably from the Twitter person I stole the link from? I saw it, literally, right when I was shutting down and going to bed. I put it here mainly because I was going to follow up on it when I had more time.

So if you have a link that'll get you some credit, post it and I'll use that one.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

Leisher wrote: So if you have a link that'll get you some credit, post it and I'll use that one.
Done!

How odd. 44 (in the referall code) is one of my favorite numbers, and was my jersey # I picked in high school for basketball. But I didn't pick it for this.
It's not me, it's someone else.
Leisher
Site Admin
Posts: 51385
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Post by Leisher »

“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

Who knows what's going to happen with coronavirus...

But, the markets sure are taking a hit. Stocks are down 12% from all-time highs. Bonds yields are lowest ever.

I saw Trump blaming the Fed. No one gives a shit if short terms rates are 50-75 basis points lower. They don't know what to do cuz of the virus.
It's not me, it's someone else.
TheCatt
Site Admin
Posts: 43015
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Post by TheCatt »

Trump Fed implements 'surprise' 50bp rate cut
It's not me, it's someone else.
Post Reply