TH3 Posted August 6 Posted August 6 9 hours ago, Big Blitz said: Let’s see where we’re at by Friday and of course beyond. The bloodbath from the last 3 days is a bigger deal than Japan’s market response today. This could simply be the temporary Bear Bounce. And yes we’re in recession. Biden redefining that changes nothing. The stock market doesn’t need to tell us that but since the little people are struggling to afford anything a potential crash of the economy could be devastating. No one has answers. And Harris is hiding. What’s your definition of a recession? Links to the data that support this? Are you shorting everything?
Roundybout Posted August 6 Posted August 6 How we doing on the collapse of the global economy? You guys need a beer? Have you resorted to cannibalism?
ScotSHO Posted August 6 Posted August 6 4 minutes ago, Roundybout said: How we doing on the collapse of the global economy? You guys need a beer? Have you resorted to cannibalism? I'm holding steady on my investments. No panic here. My spouse will appreciate my investments when I kick the can after the next TBass miss. 3
sherpa Posted August 6 Posted August 6 50 minutes ago, Irv said: The Fed will do whoever is running the Executive Branch tells them to do. This is not helping Chucklehead Harris win any elections. What a mess. No offense, but absolutely not true. The independant Fed and the Supreme Court have proven remarkably capable of not bowing to political influence. Regan vs Paul Volker is the best example. Presidents are always going to want lower rates, but the Fed has a dual mandate, and neither of those goals is political. 2
Irv Posted August 6 Posted August 6 3 minutes ago, sherpa said: No offense, but absolutely not true. The independant Fed and the Supreme Court have proven remarkably capable of not bowing to political influence. Regan vs Paul Volker is the best example. Presidents are always going to want lower rates, but the Fed has a dual mandate, and neither of those goals is political. You must not be familiar with Beltway politics.
sherpa Posted August 6 Posted August 6 1 minute ago, Irv said: You must not be familiar with Beltway politics. I am extremely familiar with the Fed. There is nearly always conflict between the executive and the independant fed. Fed governors and ex governors are interviewed constantly. It's one of the few things left that works. 1
RiotAct Posted August 6 Posted August 6 1 hour ago, Tommy Callahan said: And by irv you meant everyone with a 401k. yeah because most everything costs a crapload more than in 2008 2
Big Blitz Posted August 6 Author Posted August 6 27 minutes ago, TH3 said: What’s your definition of a recession? Links to the data that support this? Are you shorting everything? In 2022 because Ds were going to get crushed in the mid terms the definition was redefined by Biden who called the economy “in transition.” The traditional definition is 2 straight quarters of negative growth - this happened in 2022 and the media and Ds lied about it. There is a now no such thing as a recession to them. Until a Republican is in office. GDO, GDI, GDP all down - Americans can’t pay bills. Unemployment is now up half a point - another sign we are in one but this won’t ever be acknowledged - until an R is in the WH then we’ll report how awful the economy is. If they argue the traditional definition didn’t mean one in 2022 that’s it - there is no longer debating this with them. They lie lie lie and lie. 1
Irv Posted August 6 Posted August 6 12 minutes ago, sherpa said: I am extremely familiar with the Fed. There is nearly always conflict between the executive and the independant fed. Fed governors and ex governors are interviewed constantly. It's one of the few things left that works. You're funny. Needed the laugh today. 1
nedboy7 Posted August 6 Posted August 6 1 hour ago, All_Pro_Bills said: I don't think its over. We'll get the typical bounce at the open but I don't think the average close up today. If the Fed doesn't meet expectations of some inter-meeting rate cut before their September meeting you can bet the farm the market is going to throw another big downside temper tantrum. I'm holding lots of cash now along with some patience to wait it out. I will buy that dip too. Fed better be right. He was appointed by the orange turd.
GMB 8888 Posted August 6 Posted August 6 4 hours ago, Irv said: Demented Biden turned my 401K into a 301K the last three trading days. Thanks Biden. Seeing people worry about their 401k is my kink. What you gonna spend it on when the world is both on fire and flooded? Lol 1
OrangeBills Posted August 6 Posted August 6 14 hours ago, 4th&long said: That was short lived! I realize there isn't much intelligence on here, but I'll try anyways... Take 100 Units (dollars, yen, whatever) Multiply by 0.94 (Japan on Friday), leaves with 94 Units Multiply by 0.875 (Japan on Monday), leaves w/ 82.25 Units Multiply by 1.105 (Japan on Tuesday), leaves w/ 90.8 Units (Yeah!) 2
Roundybout Posted August 6 Posted August 6 6 minutes ago, OrangeBills said: I realize there isn't much intelligence on here, but I'll try anyways... Take 100 Units (dollars, yen, whatever) Multiply by 0.94 (Japan on Friday), leaves with 94 Units Multiply by 0.875 (Japan on Monday), leaves w/ 82.25 Units Multiply by 1.105 (Japan on Tuesday), leaves w/ 90.8 Units (Yeah!) Sorry buddy, Biden hit the “good economy” button so it’s over for you 1 1
Tenhigh Posted August 6 Posted August 6 23 hours ago, nedboy7 said: I bet you think Biden sets gas prices. I bet you only breathe through your mouth. 1 2
Big Blitz Posted August 6 Author Posted August 6 (edited) 1 hour ago, 4th&long said: No not even close to doing “this” right. These are the same people telling you to vote for Harris because. And the economy is awesome going on 4 years now. Everyone feeling great? Bear bounce today recovered 20 percent of yesterday’s losses. What are we down the last 3 days now? I’ll tell you - over TWO THOUSAND POINTS But I’m rooting for disaster. Het low infos - the disaster started in the spring of 2022 as inflation spiked. This is going to be YEARS. Prices aren’t coming down. Your REAL income is 30 percent less than what it was in 2020. Embrace the suck. Edited August 6 by Big Blitz 1
Irv Posted August 6 Posted August 6 5 hours ago, gearbm95 said: Seeing people worry about their 401k is my kink. What you gonna spend it on when the world is both on fire and flooded? Lol Boats N Hoes. Have fun in the soup line loser. 1
thenorthremembers Posted August 6 Posted August 6 1 hour ago, 4th&long said: Now go back and look at the Trump economy prior to the Soros and Gates backed Pandemic. 1
Roundybout Posted August 6 Posted August 6 2 hours ago, thenorthremembers said: Now go back and look at the Trump economy prior to the Soros and Gates backed Pandemic. Are you one of those people who simultaneously believes that COVID was just a cold, not worth the lockdowns, and also a deadly NWO bioweapon? 1 1
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