RiotAct Posted August 2, 2024 Posted August 2, 2024 it’s ok, Kamala raised $310 million in July for her campaign to sAvE dEmOcRaCy!!! https://www.cnbc.com/2024/08/02/harris-campaign-fundraise-trump-election.html 1
Orlando Buffalo Posted August 2, 2024 Posted August 2, 2024 56 minutes ago, RiotAct said: it’s ok, Kamala raised $310 million in July for her campaign to sAvE dEmOcRaCy!!! https://www.cnbc.com/2024/08/02/harris-campaign-fundraise-trump-election.html We know that some of that money is illegitimate, but the question is how much? Is it 3% or 70%? 1
mjd1001 Posted August 5, 2024 Author Posted August 5, 2024 And the 'rhyming' to the 2007 chart continues. Lets see this drawdown level out, throw a little vix in there, before we recover back to all time highs in about 1-2 months. Then the bottom falls out early next year. The 2024 chart is just SO close to the 2007 chart.
mjd1001 Posted September 19, 2024 Author Posted September 19, 2024 On 8/5/2024 at 12:40 PM, mjd1001 said: And the 'rhyming' to the 2007 chart continues. Lets see this drawdown level out, throw a little vix in there, before we recover back to all time highs in about 1-2 months. Then the bottom falls out early next year. The 2024 chart is just SO close to the 2007 chart. So, a month and a half later from when this thread last had a post: Here is an article from Sept 18 (today being sept 19, a day after the fed cut rates by 50bp) Interest rates slashed to help economy Fed's dramatic action lowers target on key short-term rate for the first time in 4 years - to 4.75% - and signals more cuts could be coming. By Paul R. La Monica, CNNMoney.com editor at large September 18 5:03 PM EDT NEW YORK (CNNMoney.com) -- The Federal Reserve cut the target on a key short-term interest rate by half of a percentage point Tuesday to 4.75% Here is the thing. That article is not from yesterday, it is from 2007. https://money.cnn.com/2007/09/18/news/economy/fed_rates/index.htm -On the same exact date in 2007, the fed cut rates by 50bp, the same date they did this year. -In 2007, stocks rallied hard in the days after the cut. This morning, stocks are looking to rally hard after the cut. I'm not going to repost or restate everything I (and others) have said in this thread, but look at the above posts, the parallels between 2007 and 2024 are really really strange. 1
Tiberius Posted December 25, 2024 Posted December 25, 2024 21 hours ago, The Frankish Reich said: I would add a concern about crypto currencies. This administration wants to go head long into this unknown and that could cause all sorts of problems. 1
B-Man Posted December 26, 2024 Posted December 26, 2024 Another downward revision in the Biden jobs numbers and it's a doozy Monica Showalter Ahead of President Trump taking office on Jan. 20, Bidenomics is still with us. Joe crowed about all the 16 million jobs he'd 'created' in his speech five days ago, patting himself on the back. It was stolen valor. Turns out his jobs numbers look like this: No net new jobs at all? Job growth negative, jobs lost left and right? And what a coincidence, it happened just as election was on -- phony numbers for a political purpose -- right about when they had a plan to elect a Democrat. This isn't the first time they've revised jobs and other economic indicators downward after first reporting them as impressive, indicating signs of growth -- which is politically advantageous to Biden. Back in July and as I recall, September, Biden was doing the same thing -- fake numbers to get a market boost, then, months later, the real ones. Now the revisions are in and suddenly Biden's record is not so hot. Why anyone believes any of his numbers at all when they come out at this point is a mystery. But we know for sure that Biden is a failure on the economy -- just as he's a failure on everything else. https://www.americanthinker.com/blog/2024/12/another_downward_revision_in_the_biden_jobs_numbers_and_it_s_a_doozy.html That's particularly bad as a practice on jobs and employment numbers, because the Federal Reserve watches those very closely as they set interest rates. Bad information means bad decisions -- and quite possibly, recession. 1 1
Tiberius Posted December 27, 2024 Posted December 27, 2024 News Media when Biden is President: There will be a recession soon, you can count on it! Nope News media under Trump: We are gonna see the biggest economic steam roller ever! Recession coming?
sherpa Posted December 27, 2024 Posted December 27, 2024 1 hour ago, Tiberius said: News Media when Biden is President: There will be a recession soon, you can count on it! Nope News media under Trump: We are gonna see the biggest economic steam roller ever! Recession coming? The US economy is a juggernaut. If a recession comes, and it is inevitable, unless the gov does something really stupid, it should not be pinned on them. There are economic policies that influence things, like the idiocy of Biden's first day attack on fossil fuels, or the senseless printing of money to fund his last covid relief boondoggle, but even that is no match for the US economic system. Thank goodness the Supreme Court prevented his Dem apparatus group from that lunacy of student loan forgiveness. Another hundreds of billions that would have slammed to the taxpayers.
Tiberius Posted December 27, 2024 Posted December 27, 2024 1 hour ago, sherpa said: The US economy is a juggernaut. If a recession comes, and it is inevitable, unless the gov does something really stupid, it should not be pinned on them. There are economic policies that influence things, like the idiocy of Biden's first day attack on fossil fuels, or the senseless printing of money to fund his last covid relief boondoggle, but even that is no match for the US economic system. Thank goodness the Supreme Court prevented his Dem apparatus group from that lunacy of student loan forgiveness. Another hundreds of billions that would have slammed to the taxpayers. Ya, that Old Biden sure hurt energy production! 🤣 A Second Consecutive Oil Production RecordIn 2023, U.S. oil production reached a record high, surpassing 12.9 million barrels per day, solidifying the country's position as the world's top oil producer.22 hours ago Quote U.S. Oil Production Shattered Records Again in 2024 | OilPrice.com oilpr Best economy ever, thanks Biden That economic stimulus you complain about, did it head off that recession the media just promised us? Why yes it did. Careful for what you wish for. You just voted out of office a guy who was a steady hand. Can't call Trump that. Recession Don, maybe? 1
sherpa Posted December 27, 2024 Posted December 27, 2024 2 hours ago, Tiberius said: Ya, that Old Biden sure hurt energy production! 🤣 A Second Consecutive Oil Production RecordIn 2023, U.S. oil production reached a record high, surpassing 12.9 million barrels per day, solidifying the country's position as the world's top oil producer.22 hours ago Best economy ever, thanks Biden That economic stimulus you complain about, did it head off that recession the media just promised us? Why yes it did. Careful for what you wish for. You just voted out of office a guy who was a steady hand. Can't call Trump that. Recession Don, maybe? Ill informed and insane. By the way, in case you didn't notice, the man was not "voted out of office." He was removed by his own party. The man has been completely incompetent since 2022. 2
leh-nerd skin-erd Posted December 27, 2024 Posted December 27, 2024 6 minutes ago, sherpa said: Ill informed and insane. By the way, in case you didn't notice, the man was not "voted out of office." He was removed by his own party. The man has been completely incompetent since 2022. Even assuming @Tiberius doesn’t read the news/watch the news/hear someone talking about the news when he’s going through the tunnels on his birthday at Chuck E Cheese, have a radio/cell phone and/or ever go into a convenience store, it’s really hard to imagine how he came to the conclusion that Biden was voted out of office. 1
Tiberius Posted December 27, 2024 Posted December 27, 2024 24 minutes ago, sherpa said: Ill informed and insane. Yes you are. Complaining about energy production? 🤷♂️ 13 million barrels of oil a day! Maybe find something else to complain about, I mean hello! 16 minutes ago, leh-nerd skin-erd said: Even assuming @Tiberius doesn’t read the news/watch the news/hear someone talking about the news when he’s going through the tunnels on his birthday at Chuck E Cheese, have a radio/cell phone and/or ever go into a convenience store, it’s really hard to imagine how he came to the conclusion that Biden was voted out of office. Lol, oh I'm not the one with the problem over realizing the FACT of who lost You don't respect people who don't respect the results of elections? Is that right? 🤣 Seriously?
B-Man Posted December 27, 2024 Posted December 27, 2024 After Gaslighting Us on Economy for Years, AP FINALLY Admits Homelessness Increased 18 PERCENT in 2024 Interesting how we get this news story now, in the final days of the Biden administration. This writer suspects the homelessness issue -- which has plagued places like California for years -- will be front-and-center in the news cycle once Trump is inaugurated. Because the problem they ignored when a Democrat was in office magically becomes a scandal of epic proportions when a Republican is in the Oval Office. https://twitchy.com/amy-curtis/2024/12/27/ap-homelessness-increased-181-percent-this-year-n2405770 THANKS JOE ! .
Tiberius Posted December 27, 2024 Posted December 27, 2024 9 minutes ago, B-Man said: After Gaslighting Us on Economy for Years, AP FINALLY Admits Homelessness Increased 18 PERCENT in 2024 Interesting how we get this news story now, in the final days of the Biden administration. This writer suspects the homelessness issue -- which has plagued places like California for years -- will be front-and-center in the news cycle once Trump is inaugurated. Because the problem they ignored when a Democrat was in office magically becomes a scandal of epic proportions when a Republican is in the Oval Office. https://twitchy.com/amy-curtis/2024/12/27/ap-homelessness-increased-181-percent-this-year-n2405770 THANKS JOE ! . Thanks for the booming economy? Yup Those air B&Bs are making the housing shortage 1
leh-nerd skin-erd Posted December 27, 2024 Posted December 27, 2024 1 hour ago, Tiberius said: Lol, oh I'm not the one with the problem over realizing the FACT of who lost You don't respect people who don't respect the results of elections? Is that right? 🤣 Seriously? If you think JB was voted out of office, you’re precisely the one “…with the problem over realizing the FACT of who lost”. You’re planting seeds of silliness and harvesting the crop of dumbness all in one statement! As for respect, I never suggested I didn’t respect you! 2 1
Tommy Callahan Posted December 28, 2024 Posted December 28, 2024 If the economy was booming. They wouldn't be cutting rates to ad liquidity. Just saying . Like the last few. The only ones growing. Are the owners/investors in the fortune 500 companies getting all the government breaks and contracts. 2
The Frankish Reich Posted December 31, 2024 Posted December 31, 2024 https://www.wsj.com/finance/stocks/stocks-on-pace-for-best-two-years-in-a-quarter-century-c5b5f9b3?mod=hp_lead_pos1 Oh, so I guess things weren't so bad after all. 1
sherpa Posted December 31, 2024 Posted December 31, 2024 The stock market is a forward looking entity. Check out the S&P chart when it became apparent Biden was toast. In addition, when you have high inflation, it is wise to get out of $'s and get into other things, like stock. The last years have been good for those who are so invested. Not for those who hold cash and live month to month. I'm not being political. It is what it is.
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