October 10, 2018: Bad Day In The Markets

Jul 2014
33,840
8,751
midwest
#61
Big whoop fits!:)

I have watched the market go up and down like a yo yo for 2 years now. One month you gain, the next month sharply down.

Once Obama stabilized the economy you never made less than 5, 6%, at times 9%.
I guess Obama had not stabilized the economy by 2015, then.

Because the DJIA went down, that's right DOWN more than 2.2% in 2015!

So, when DID Obama "stabilize the economy if not by 2015?
 

HayJenn

Moderator
Jul 2014
61,897
50,191
CA
#63
Agree with that.

But he's still got a long way to go to catch Obama's totals.

This reminds me of when you refused to knowledge that Trump has said the free press is the enemy of the people, even when it was pointed out to you several times where he did say that. Seems like you like "alternative" facts

About a year ago, President Trump pledged to eliminate the national debt "over a period of eight years." But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury.

The landmark comes shortly after Congress passed, and Mr. Trump signed, a suspension on the federal debt limit last month, allowing the government to borrow an unlimited amount of money until March 1, 2019.

When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.


Under Trump's watch, national debt tops $21 trillion for first time ever
 
Jun 2013
17,068
14,558
Here
#64
Agree with that.

But he's still got a long way to go to catch Obama's totals.
Can you think of a reason why, during something like a Great Recession, a government is going to spend more?

How about those "bailouts"?

The State of the Bailout
OUTFLOWS: $631 billion This includes money that has actually been spent, invested, or loaned.
38.8% of total
Banks and other Financial Institutions
$245B
30.3%
Fannie and Freddie
$191B
12.6%
Auto Companies
$79.7B
10.7%
AIG
$67.8B
4.5%
Other
$28.5B

Toxic Asset Purchases
$18.6B (2.9%)




INFLOWS: $728 billion Money returned and paid to Treasury as interest, dividends, fees or to repurchase their stock warrants.
https://projects.propublica.org/bailout/


Of course, to repurchase their stock, corporations, have borrowed.

Ten years after financial crisis: Is corporate debt the next bubble?
Ten years after financial crisis: Is corporate debt the next bubble?



Some people just can't seem to help themselves when it comes to using other people's money, to enrich themselves.
Leveraged Buyout - LBO
What is 'Leveraged Buyout - LBO'

"A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The purpose of leveraged buyouts is to allow companies to make large acquisitions without having to commit a lot of capital."
Leveraged Buyout - LBO

"Trump: 'There’s nothing like doing things with other people’s money'
Trump: 'There’s nothing like doing things with other people’s money'


"5 Years Ago Bernie Madoff Was Sentenced to 150 Years In Prison – Here's How His Scheme Worked"
Here's how Madoff conned his investors out of $65 billion and went undetected for decades:
5 Years Ago Bernie Madoff Was Sentenced to 150 Years In Prison – Here's How His Scheme Worked


All well and good for the users of other people's money in such ways, since they are not the ones that lose the most, when things don't work out, unless of course you are Bernie Madoff, who MADE OFF with billions of other people's money, until it took his sons to turn him in.

It should not take a PhD to figure out that to keep a promise to cut taxes, especially for millionaires and billionaires, one must "rob Peter, to pay Paul".


The following was written 15 years ago, by a wealthy Republican. Instead of heeding his thoughts, we went through a Great Recession and in 2016, some "intelligent" Americans seemed to think we needed to double down, on STUPID and elect someone not only selling the SOSO BS policies that have gotten this nation into trouble numerous times in the last half century, but someone who has a lifelong reputation of deceit, ripping people off, self-dealing and being in bankrupt court, while the people that trusted him were hurt by it, Trump was not nearly as hurt as they were. Kinda like electing a not so intelligent or discreet version of Bernie Madoff to solve America's money problems.

THE WAY WE LIVE NOW: 6-8-03; Deficits and Dysfunction

Will we ever learn? Probably not. Certainly not until people in general become informed and intelligent enough to see the patterns and connections behind their worst nightmares and how they have been kicking themselves in the butt for decades by trusting the same sorts of con artists and their same bag of tricks.
 
Last edited:
Jul 2014
33,840
8,751
midwest
#65
This reminds me of when you refused to knowledge that Trump has said the free press is the enemy of the people, even when it was pointed out to you several times where he did say that. Seems like you like "alternative" facts

About a year ago, President Trump pledged to eliminate the national debt "over a period of eight years." But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury.

The landmark comes shortly after Congress passed, and Mr. Trump signed, a suspension on the federal debt limit last month, allowing the government to borrow an unlimited amount of money until March 1, 2019.

When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.


Under Trump's watch, national debt tops $21 trillion for first time ever
It's true that Trump never said it the way that the other poster wrote it.

He used similar language.

Not the same.

I don't expect you to admit that...
 
Jul 2014
33,840
8,751
midwest
#66
Can you think of a reason why, during something like a Great Recession, a government is going to spend more?

How about those "bailouts"?

The State of the Bailout
OUTFLOWS: $631 billion This includes money that has actually been spent, invested, or loaned.
38.8% of total
Banks and other Financial Institutions
$245B
30.3%
Fannie and Freddie
$191B
12.6%
Auto Companies
$79.7B
10.7%
AIG
$67.8B
4.5%
Other
$28.5B

Toxic Asset Purchases
$18.6B (2.9%)




INFLOWS: $728 billion Money returned and paid to Treasury as interest, dividends, fees or to repurchase their stock warrants.
https://projects.propublica.org/bailout/


Of course, to repurchase their stock, corporations, have borrowed.

Ten years after financial crisis: Is corporate debt the next bubble?
Ten years after financial crisis: Is corporate debt the next bubble?



Some people just can't seem to help themselves when it comes to using other people's money, to enrich themselves.
Leveraged Buyout - LBO
What is 'Leveraged Buyout - LBO'

"A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The purpose of leveraged buyouts is to allow companies to make large acquisitions without having to commit a lot of capital."
Leveraged Buyout - LBO

"Trump: 'There’s nothing like doing things with other people’s money'
Trump: 'There’s nothing like doing things with other people’s money'


"5 Years Ago Bernie Madoff Was Sentenced to 150 Years In Prison – Here's How His Scheme Worked"
Here's how Madoff conned his investors out of $65 billion and went undetected for decades:
5 Years Ago Bernie Madoff Was Sentenced to 150 Years In Prison – Here's How His Scheme Worked


All well and good for the users of other people's money in such ways, since they are not the ones that lose the most, when things don't work out, unless of course you are Bernie Madoff, who MADE OFF with billions of other people's money, until it took his sons to turn him in.

It should not take a PhD to figure out that to keep a promise to cut taxes, especially for millionaires and billionaires, one must "rob Peter, to pay Paul".


The following was written 15 years ago, by a wealthy Republican. Instead of heeding his thoughts, we went through a Great Recession and in 2016, some "intelligent" Americans seemed to think we needed to double down, on STUPID and elect someone not only selling the SOSO BS policies that have gotten this nation into trouble numerous times in the last half century, but someone who has a lifelong reputation of deceit, ripping people off, self-dealing and being in bankrupt court, while the people that trusted him were hurt by it, Trump was not nearly as hurt as they were. Kinda like electing a not so intelligent or discreet version of Bernie Madoff to solve America's money problems.

THE WAY WE LIVE NOW: 6-8-03; Deficits and Dysfunction

Will we ever learn? Probably not. Certainly not until people in general become informed and intelligent enough to see the patterns and connections behind their worst nightmares and how they have been kicking themselves in the butt for decades by trusting the same sorts of con artists and their same bag of tricks.
Still can't figure why Obamas deficits were rising again in his last year in office.

Maybe you can tell us...
 
Jun 2013
17,068
14,558
Here
#67
Still can't figure why Obamas deficits were rising again in his last year in office.

Maybe you can tell us...
Maybe you can tell us why deficits are rising during the "greatest economy in history"????

Trump trillion-dollar-plus deficits are putting America on a path to fiscal ruin

Yet again, you ignore FACTS, FIGURES and DISCUSSION, that do NOT line up with your attempts to say Obama was terrible all while defending a guy you claim you didn't vote for, nor defend.

You seem to like stepping in your own doodoo.....


Fact-checking 'the greatest economy in the history of our country'

Trump and his shills (you?) are not even good con artists, but all they need, are "just enough" votes. Can they pull it off in 2018?

Only if Americans continue to remain ignorant or trade 10 bad things for what they believe might be one or two good things, in their mind.
 
Last edited:
Likes: SguareKnot
Jul 2014
33,840
8,751
midwest
#68
Maybe you can tell us why deficits are rising during the "greatest economy in history"????

Trump trillion-dollar-plus deficits are putting America on a path to fiscal ruin

Yet again, you ignore FACTS, FIGURES and DISCUSSION, that do NOT line up with your attempts to say Obama was terrible all while defending a guy you claim you didn't vote for, nor defend.

You seem to like stepping in your own doodoo.....


Fact-checking 'the greatest economy in the history of our country'

Trump and his shills (you?) are not even good con artists, but all they need, are "just enough" votes. Can they pull it off in 2018?

Only if Americans continue to remain ignorant or trade 10 bad things for what they believe might be one or two good things, in their mind.
No, I can't.

Trumps deficits are bad.

Obamas deficits were worse.

Much, MUCH worse.
 

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