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Author
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Topic: The Economy Is On Fire!
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Randall
Webmaster Posts: 102189
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted October 05, 2018 07:33 PM
  
Unemployment is now at 3.7%, which is the lowest rate since 1969! The DOW recently reached another record high. That's the 103 record high since President Trump took the reins. Thank you, President Trump, for so much winning! IP: Logged |
jwhop
Knowflake Posts: 11981
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted October 05, 2018 07:42 PM
Quite a turn around from the bungling, incompetent boob and empty suit, Barack Hussein Obama.6 MORE YEARS IP: Logged |
Randall
Webmaster Posts: 102189
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted October 05, 2018 08:54 PM
Hear, hear! Six more years!IP: Logged |
Catalina
Knowflake Posts: 6108
From: shamballa
Registered: Aug 2013
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posted October 06, 2018 02:12 PM
Just a couple years ago Donboy was warning that the market was doing too well.. .it was a bubble bound to burst. All of a sudden things were glum then and the record highs of those days, mediocre.Pah! IP: Logged |
Randall
Webmaster Posts: 102189
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted October 06, 2018 03:38 PM
Perhaps, you didn't hear me--103 record highs since President Trump took office. The DOW never broke 20,000 under Obama. Now we are always over 26,000!IP: Logged |
iQ
Moderator Posts: 5615
From: Lyra
Registered: Apr 2009
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posted October 11, 2018 01:33 PM
The Bubble is building. A very "Big Short" opportunity is going to come. Hpwever, the 28800 magic number has not been breached yet for the massive bear market collapse to start. By 2020, we could be back to 14-15K on the Dow as a worst case scenario.IP: Logged |
jwhop
Knowflake Posts: 11981
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted October 11, 2018 03:05 PM
There's lots of multiple support for the DJIA at about 23,500 from February through July.Troubling though is the beginning of a head and shoulders top formation with the left shoulder and head around 26,500+. If the right shoulder forms on an upturn and then soon breaks the trendline on a downturn, it could be trouble. IP: Logged |
Catalina
Knowflake Posts: 6108
From: shamballa
Registered: Aug 2013
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posted October 11, 2018 04:21 PM
http://www.harikari.com/economy/the-dow-jones-during-the-bush-years-and-the-obama-years.html The previous high under GW was around 14k. Under Obama, it went to 20k. From a much lower level after the crash. Im pleased for you guys, but don't pretend Donboy never said Obama's successful market was a bubble. It doesn't make DT look better, just makes those who do it look petty. Enjoy the good news no need to put others' down IP: Logged |
jwhop
Knowflake Posts: 11981
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted October 11, 2018 05:34 PM
"The previous high under GW was around 14k. Under Obama, it went to 20k.."Not quite. 19,887 IP: Logged |
iQ
Moderator Posts: 5615
From: Lyra
Registered: Apr 2009
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posted October 12, 2018 07:24 AM
<<Troubling though is the beginning of a head and shoulders top formation with the left shoulder and head around 26,500+. If the right shoulder forms on an upturn and then soon breaks the trendline on a downturn, it could be trouble.>>Exactly. One more big interest rate hike should set the alarm bells ringing louder and louder. IP: Logged |
Catalina
Knowflake Posts: 6108
From: shamballa
Registered: Aug 2013
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posted October 12, 2018 10:37 PM
"I ran for office because I was critical of President Obama's trillion-dollar deficits," Paul said at the time. "Now we have Republicans hand-in-hand with Democrats offering us trillion-dollar deficits."Even legislators don't seem to be able to distinguish between the deficit and the debt. But he has point http://www.cbsnews.com/news/national-debt-at-highest-level-since-after-wwii/ IP: Logged |
Catalina
Knowflake Posts: 6108
From: shamballa
Registered: Aug 2013
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posted October 12, 2018 10:40 PM
http://finance.yahoo.com/news/ford-prepares-mass-layoffs-losing-002618564.html IP: Logged |
iQ
Moderator Posts: 5615
From: Lyra
Registered: Apr 2009
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posted October 13, 2018 02:54 PM
Hi Catalina,
US Debt/Deficit is an illusion. It is a surprise that Dems have not calle dthe bluff on this. GOP can create deficit of trillions more, there will be no impact on the ground because if Compound Interest is removed, the actual debt is far less. And the valuation of US Property is in excess of 100 Trillion Dollars. That is the amount of Dollars that can actualy be printed over several decades. The Next Democrat President can actually force Feds to take a "Hair Cut" on the Compound Interest and bring down "Deficit" by 80%.
No GOP politician will have the courage to protest that, and in any case GOP protestors can be declared Enemies of the State and even tried for Treason for opposing Economic Greatness of America. Trump has set the precedent that populism and persuausion is all that matters. Dems are fools if they do not take this approach and eliminate opposition to Social Welfare using GOP Persuasion tactics and Voodoo Economics. IP: Logged |
jwhop
Knowflake Posts: 11981
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted October 13, 2018 04:39 PM
"And the valuation of US Property is in excess of 100 Trillion Dollars. That is the amount of Dollars that can actualy be printed over several decades."If anyone tried to collateralize the National Debt with citizens real property, they would be hung...and rightly so. IP: Logged |
Randall
Webmaster Posts: 102189
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted October 15, 2018 08:57 AM
quote:
Originally posted by jwhop:
"And the valuation of US Property is in excess of 100 Trillion Dollars. That is the amount of Dollars that can actualy be printed over several decades."If anyone tried to collateralize the National Debt with citizens real property, they would be hung...and rightly so.
IP: Logged |
Lindaland
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