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greendocnowciv Profile
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Registered: 11-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


lucid,

Your notice is right and wrong.

Right that some on the right blame Dems for bad and credit Repubs for good.

But I think you know that several times in the Trump Presidency that Ex Pres Obama has taken credit for the better Trump economy.

And that he has never spoken up and taken credit for any downturn.

Right along with that, no non-Fox media has blamed Ex Pres Obama for any downturn.

As you surely know as the biz owner you have explained you are, the ups and downs of the worlds largest, most developed economy has many twists and turns that sometimes seem predictable and often surprise.

I am sure you also know this basic idea - it seems tried and true to many of us: Lower taxes and regs = more biz. Pres Trump has done that, and also pumped up the "American Business" brand and our country.

The economy has prospered in a way that, during the Obama period, we were told was out of reach. This success fits that "tried and true" old fashioned way I described in the previous paragraph. He did not claim some wizardry - this has been right out in the open.

The non-Wall Street, non-stock market economy has done very well under this directly involved Presidential action, and so we can say that he did a good job, there.

But - what of the stock market? You must know, as I do - anyone going into it reads and listens to the warning that you might loose every penny. If anyone forgets that, it doesn't then become someone else's fault if you loose money in the market.

Last - the tariffs. It looks like China is crumbling under the pressure from President "I love Tariffs" Trump.

Consider that, in contrast with this: For many years I suspect you have heard and read, as I have:

China has stolen lots of electronic data and make companies turn over proprietary knowledge to do biz over there.

China has simply, almost openly, bootlegged lots of other products. Electronics, furniture, clothing - you name it.

All that time, along with that, I got "And theres nothing we can do about it!"

Turns out there is!
12/18/2018, 9:58 am Link to this post PM greendocnowciv Blog
 
luciddream00 Profile
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Registered: 04-2018
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


There are a lot of factors that play into whether the stock market does well or poorly, but ultimately the buck stops with the president because he is the person with the most power to influence the economy. The Right "blamed" Obama for the slow recovery from the Bush recession despite the GOP being in control of the House for the last 6 of his 8 years. Trump owns the Trump economy for better or worse. Trump's economy seems more volatile than Obama's, but it is impossible to say right now if we'll be better off in the long run.

Last edited by luciddream00, 12/18/2018, 12:53 pm


---
Account closed permanently. I won't stand for abuse of authority by forum administration to censor criticism of a conservative radio host that celebrated the death of AIDS patients on his show. Maybe some day we'll speak again elsewhere.
12/18/2018, 12:40 pm Link to this post PM luciddream00 Blog
 
spud100 Profile
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Registered: 12-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


I am not a money guy, but I'd invest in survival stuff, in preparation for the troubles to come, courtesy, your pols, your voters, your peeps. I might just invest after all, maybe a little?
12/18/2018, 4:29 pm Link to this post PM spud100 Blog
 
RedQ Profile
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Registered: 11-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


The Deep State instituted two policies to buoy the market during the Obama years. They were:
 1) Effective negative interest rates and 2) 'quantitative easing" in which they crashed the bond markets, expanded the Fed balance sheet by trillions (T, not billions), and drove the stock market up.

Now with Trump they are dumping their 'balance sheet', trying to depress stock prices, and raising interest rates, killing the raging bull.

"Corruption it is strong in center of the Empire" Yoda.
12/18/2018, 5:19 pm Link to this post PM RedQ Blog
 
James Jaeger Profile
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Registered: 12-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


Here's what keeps me up late.

The "same" people that control the Fed control the media.

The media people hate Trump thus by the transitive property of equality, the Fed people hate Trump.

If Trump wins, one way to defeat him is to crash the economy. And what better way to crash it than to use the "independent" Federal Reserve Open Market Committee.

Remember when the PPT, the Plunge Protection Team was installed and M3 reporting was burried? Well these two things equal a managed stock market. Yes folks, the same people that can print up trillions of fiat Federal Reserve Notes any time they want can also use these FRNs to buy stocks. And they do.

So if stock prices sag, the PPT moves into buy stocks thus increasing demand and hence prices. If stocks fall, the FOMC can sell stocks -- or virtually any debt or equity instrument on their balance sheet they want -- and decrease prices. Decreasing prices is another way of saying "crash the stock market." So yes, the boys that hate Trump can crash the stock market, hence the economy.

This is really fucked up and another reason the Fed has to go -- it's not independent at all, but hyper-political.
 
So what should Trump do?

Well if the Fed and the Media have Trump by the balls, Trump has to take them by the balls.

I would suggest several things in roughly this order:

1) Continue with his tax reform by removing taxes from all gold and silver transactions;

2) Modify the "legal tender laws" to include gold and silver as payment for all debts private and public;

3) To pay back the public for the bailouts of 2008, pass laws to require higher fractional reserves in all Fed-Member banks, but not independent banks.

4) Get rid of Citizens United on the grounds that campaign finances are NOT speech.

5) Start investigating the 6 New York Networks and affiliated stations to see if they are in compliance with the public education and fairness standards stipulated in their FCC licenses;

6) File a motion to rescind or modify sections of the Glass-Owen Act.

If Trump were to do 1 to 6 -- AND make damn sure he has plenty of armed guards around him at all times so he doesn't end up like JFK -- he would be squeezing some effective balls.

I bet Trump would only have to do 2 of the above items and the Fed would leave the markets and the economy alone.

Last edited by James Jaeger, 12/18/2018, 11:11 pm
12/18/2018, 10:43 pm Link to this post PM James Jaeger Blog
 
James Jaeger Profile
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Registered: 12-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


(deleted)

Last edited by James Jaeger, 12/18/2018, 11:11 pm
12/18/2018, 11:03 pm Link to this post PM James Jaeger Blog
 
greendocnowciv Profile
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Registered: 11-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


Good point. It's very probable that the Fed would lighten up if Pres Trump moved to do things that hit their empire.

That was hinted at when the new Chairman made his "hey, maybe less rate rising" statement following some Trump words that were very direct and critical.

From seemingly long ago, but merely the end of Nov of this year:

"Unexpectedly late Wednesday morning, hawkish Federal Reserve Chairman Jerome Powell signaled a dramatically less aggressive interest rate outlook. Almost instantaneously, another gloomy, relatively bearish trading day blasted off like a rocketship to Mars after this Fed shocker hit the wires..."

"CNBC notes the increasing pressure President Trump has been putting on his completely out-of-touch Fed Chair, an appointment he probably regrets now more than his choice of Jeff Sessions as his Attorney General. Now, Sessions is gone and Powell seems to have opened his eyes. And no, we’re not yet sick of all the winning."

https://www.commdiginews.com/business-2/powell-interest-rates-market-soars-109577/

~~~~~~~~~~~~~~

That little episode helped the market - so sure, some real action would probably moderate the "Fed Beast" even more.
12/19/2018, 8:10 am Link to this post PM greendocnowciv Blog
 
James Jaeger Profile
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Registered: 12-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


I hope the Fed OMC is wise enough to keep things steady until at lease through Christmas. If they raise interest rates and crash the market there will be a lot of very pissed off people out there and the blame won't be allocated to Trump. Plus, such a fin-deb could/would light up the entire PPT and the rest. The Fed works best in the shadows...


Last edited by James Jaeger, 12/19/2018, 8:05 pm
12/19/2018, 8:04 pm Link to this post PM James Jaeger Blog
 
richiemobile Profile
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Registered: 12-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


Clearly James is right
With a 15% drop in the DJIA to keep raising interest rates is pouring gas on the fire

They REALLY want only one term of this President

I suspect Michael Bloomberg is their point man and he visited Iowa a couple weeks ago
12/20/2018, 8:57 am Link to this post PM richiemobile Blog
 
greendocnowciv Profile
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Registered: 11-2017
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Re: The stock market is at $23.5.K Down 13% from its peak earlier this year of $27K.


Good point on very possible econ collusion, to bring the all-encompassing collusion accusation into it.

Did Bloomie ever meet Soros? Sure. Collusion!

Thus we devolve if influenced by "Prosecution by Proxy" of the President by Muelly.

12/20/2018, 9:46 am Link to this post PM greendocnowciv Blog
 


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