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 Post subject: Re: Dow is currently in a freefall
PostPosted: Tue Jun 04, 2019 2:09 pm 
God

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Kevin Graham wrote:
This is clearly an economy that was doing well because of Obama' 8 years in office and the numerous policies he passed,


Before I stop LMFAO, please, really please, just provide one Obama policy that has made any significant contribution to this economy that, obviously, was not making the same contribution during his EIGHT YEARS!!

Need to dry up some tears from laughing so hard on that statement! Son, you are hysterical. I assume you must be a public education history major.


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Tue Jun 04, 2019 2:24 pm 
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subgenius wrote:
Res Ipsa wrote:
...
Not that I think stock price is a great measure of economic health, but if we’re going to talk about stock market performance, let’s at least compare apples to apples.

Im still unclear on how you guys determine who's economy is who's and when it's theirs...is it just a measure of political convenience? or is it just plain ol' KG's posts level of economic ignorance?

This economy thing is hard for you, I know.


Last edited by canpakes on Tue Jun 04, 2019 2:31 pm, edited 1 time in total.

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Tue Jun 04, 2019 2:30 pm 
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Bach wrote:
Before I stop LMFAO, please, really please, just provide one Obama policy that has made any significant contribution to this economy that, obviously, was not making the same contribution during his EIGHT YEARS!!

Need to dry up some tears from laughing so hard on that statement! Son, you are hysterical. I assume you must be a public education history major.

And here’s another one.

Likewise, you can’t point to a graph of the DJIA or employment and tell me what Trump policies contributed to their better performance streaks. You’ve been asked that before, and you always flee the thread like a cockroach skitters from the light.

Time for you to disappear again, my fake little banker boy.
; )


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Tue Jun 04, 2019 5:22 pm 
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Bach wrote:
Kevin Graham wrote:
This is clearly an economy that was doing well because of Obama' 8 years in office and the numerous policies he passed,


Before I stop LMFAO, please, really please, just provide one Obama policy that has made any significant contribution to this economy that, obviously, was not making the same contribution during his EIGHT YEARS!!

Need to dry up some tears from laughing so hard on that statement! Son, you are hysterical. I assume you must be a public education history major.


Laugh all you want because that's all you can do. You sure as hell can't deal with any real facts or data points.

Even a ____ six year old can point to this graph and see where the change happened. Nothing special has happened under Trump. All that has happened is the economy has kept the momentum it had the previous 8 years while a geriatric with a six year old's education is trying to claim credit.

Image

In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects.

The recession ended in July 2009 when GDP growth turned positive.

In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

Obama bailed out the U.S. auto industry on March 30, 2009. The federal government took over General Motors and Chrysler, saving three million jobs. It forced the companies to become more fuel efficient and therefore more globally competitive.

On March 23, 2010, the Affordable Care Act revolutionized healthcare. By 2014, the economy benefited from having 95 percent of the population on health insurance.

The greater number of people receiving preventive care reduced the number of expensive visits to emergency rooms.

That slows the rise of health care costs for everyone. That's because Medicaid reimburses hospitals for emergency care. Those are the most significant of Obamacare's 10 advantages.

Why did health care need to be reformed? Rising costs threatened to take over the entire federal budget. It was also the no.1 cause of bankruptcies. In return, Americans received the worst health care in the developed world. It is the only one of 33 developed countries without universal health care.

President Donald Trump promised to "repeal and replace" Obamacare. As of October 2017, he has failed to pass any legislation. But he is weakening Obamacare even without repeal.

In July 2010, the Dodd-Frank Wall Street Reform Act improved regulation of eight areas that led to the financial crisis. The Consumer Financial Protection Agency reduced harmful practices of credit cards and mortgages. The Financial Stability Oversight Council regulated hedge funds and banks that became too big to fail. The "Volcker Rule" banned banks from risking losses with their depositors' money. Dodd-Frank clarified which agencies regulated which banks, stopping banks from cherry-picking their regulators.

Dodd-Frank directed the Securities and Exchange Commission and the Commodity Futures Trading Commission. These regulated the riskiest derivatives, like credit default swaps and commodities futures. Dodd-Frank also asked the SEC to recommend how the credit rating agencies, like Moody's and Standard & Poor's, could be improved.

In December 2010, Obama and Congress agreed upon additional stimulus in the form of an $858 billion tax cut. It had three main components: a $350 billion extension of the Bush tax cuts, a $56 billion extension of unemployment benefits, and a $120 billion reduction in workers' payroll taxes. Businesses received $140 billion in tax cuts for capital improvements and $80 billion in research and development tax credits. The estate tax was exempted (up to $5 million), and there were additional credits for college tuition and children.

On August 28, 2012, the Obama administration announced new fuel efficiency standards. He required cars and light trucks obtain 54.5 MPG by 2025. That would reduce oil consumption by 12 billion barrels, saving drivers $1.7 trillion. It would also reduce the damage of climate change by lowering greenhouse gases.

The Trump administration promised to roll back these standards. But California requires zero-emissions vehicles. Twelve other states adopted the mandate. Major automakers must build cars to meet stricter standards in the European Union and Asia.

On October 4, 2015, Obama's team negotiated the Trans-Pacific Partnership. It would have replaced NAFTA as the world's largest free-trade agreement. It would have removed tariffs between the United States and 11 other countries that border the Pacific Ocean. On January 23, 2017, Trump withdrew the United States from the agreement. The other countries are planning to continue the agreement anyway. Japan and the European Union are negotiating their own agreement.

Obama launched the Transatlantic Trade and Investment Partnership between the United States and the European Union.

Obama is the third-best job-creating president in U.S. history. His policies put 16 million people to work from the depths of the recession in December 2009 to the end of his term. That's because unemployment continued to rise even after the recession ended in July. It takes a few months of economic growth before businesses are confident enough to begin hiring again.

https://www.thebalance.com/what-has-oba ... ts-3306158


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Thu Jun 06, 2019 3:41 am 
God

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I saw this depressing article online from Forbes

https://www.forbes.com/sites/johnmauldi ... b9676344be

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Fri Jun 14, 2019 1:15 pm 
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How could this possibly be?

Business conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Fri Jun 14, 2019 8:50 pm 
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Kevin Graham wrote:

oh well if Morgan Stanley says its true...

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Fri Jun 14, 2019 9:21 pm 
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subgenius wrote:
Kevin Graham wrote:

oh well if Morgan Stanley says its true...

He’ll put his trust in Morgan Stanley, and you’ve got yours in 4chan. To each his own.


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Sat Jun 15, 2019 12:00 am 
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I think it means that no president to date has been able eradicate the business cycle.

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Sat Jun 15, 2019 11:42 am 
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canpakes wrote:
He’ll put his trust in Morgan Stanley, and you’ve got yours in 4chan. To each his own.

Thanks for answering KG's silly question in such a brief and concise manner.

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Sat Jun 15, 2019 3:53 pm 
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subgenius wrote:
oh well if Morgan Stanley says its true...


Yeah, those evil libtards at MS.

Fortune is another Leftist rag: This Recession Predictor Just Hit Levels Not Seen Since 2007


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Sat Jun 15, 2019 4:37 pm 
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Kevin Graham wrote:
subgenius wrote:
oh well if Morgan Stanley says its true...


Yeah, those evil libtards at MS.

Fortune is another Leftist rag: This Recession Predictor Just Hit Levels Not Seen Since 2007

I, like most other readers who don't just breathe through their mouths, wonder what the huh you be talking about.
At least i bother to read your hastily googled articles:
from your citation -
The market “is going to get ahead of itself” in the meantime but Rodriguez doesn’t see a recession coming.

Thanks for supporting your recession prediction with a no-recession prediction.
well done!

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Sat Jun 15, 2019 4:53 pm 
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Earth to moron, I didn't say anything I simply quoted an article and the point was a recession may or may not come but if it does don't say the bond market didn't warn you. But if you're interested in actual economists who predict these things, the majority of them predict a recession by 2021.

"About half of the 280 business economists polled said they expect a downturn by the end of next year. Roughly 75 percent say it will happen by 2021. Only 11 percent anticipate the U.S. avoiding a recession during that two-year window, according to a February survey from the National Association for Business Economics released Monday." - https://www.chicagotribune.com/business ... story.html


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Sun Jun 16, 2019 5:31 pm 
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A new round of robust economic indicators is offering fresh evidence of a strong economy and giving President Donald Trump a big political advantage just as the 2020 election campaign is beginning to intensify.

The decade-long economic expansion, poised to become the longest in U.S. history next month...

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Sun Jun 16, 2019 7:38 pm 
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subgenius wrote:
A new round of robust economic indicators is offering fresh evidence of a strong economy and giving President Donald Trump a big political advantage just as the 2020 election campaign is beginning to intensify.

The decade-long economic expansion, poised to become the longest in U.S. history next month...


Why did you stop there? Let’s continue, from that same article:

Quote:
... The decade-long economic expansion, poised to become the longest in U.S. history next month, is facing an existential question: Will it sputter to a halt by next year or keep on chugging at the same modest pace that got it this far?


https://www.usatoday.com/story/money/20 ... 449618001/


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Mon Jun 17, 2019 6:27 am 
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canpakes wrote:
subgenius wrote:
A new round of robust economic indicators is offering fresh evidence of a strong economy and giving President Donald Trump a big political advantage just as the 2020 election campaign is beginning to intensify.

The decade-long economic expansion, poised to become the longest in U.S. history next month...


Why did you stop there? Let’s continue, from that same article:

Quote:
... The decade-long economic expansion, poised to become the longest in U.S. history next month, is facing an existential question: Will it sputter to a halt by next year or keep on chugging at the same modest pace that got it this far?


https://www.usatoday.com/story/money/20 ... 449618001/

um, huh?
all of it still dismisses KG cluster-fudge of contrary citations...but yeah, im sure you has a point....did you want to emphasize robust economic indicators? or were you just piling on the KG-dont-kno-jack-bout-nomics thread?

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Mon Jun 17, 2019 7:04 am 
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subgenius wrote:
all of it still dismisses KG cluster-fudge of contrary citations...but yeah, im sure you has a point....did you want to emphasize robust economic indicators? or were you just piling on the KG-dont-kno-jack-bout-nomics thread?

Just keeping you honest. It’s really a full-time job that you should take up yourself, but a little volunteer assist here and there from others doesn’t hurt.


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Mon Jun 17, 2019 9:35 am 
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canpakes wrote:
Just keeping you honest.

silly rabbit, only a taxpayer funded pay raise can do this.

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Mon Jun 17, 2019 10:50 am 
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subgenius wrote:
canpakes wrote:
Just keeping you honest.

silly rabbit, only a taxpayer funded pay raise can do this.

My selection for you would be a shock collar. I’m pretty sure that’d work just fine. : )


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Fri Jun 28, 2019 3:42 pm 
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Always need Kevin for the most qualified expert based on experience in the subject matter (recognizing EAllusion is right there as well) but go figure this:

https://www.google.com/amp/s/www.market ... FBFC180182

I would have thought with all that trump has done recently; China tariffs, Iran stand down, border crisis l, Russia collusion, markets would be crashing!?!

Really looking for the best insight from the best or even EAllusion !!


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 Post subject: Re: Dow is currently in a freefall
PostPosted: Mon Jul 01, 2019 5:57 pm 
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Surprised: Thought the intellectual experts of KG and EAllusion would be too quick to answer. Have never doubted their lack, or perhaps fear, of ever engaging in a conversation they “pretend” to know something about anything worth creating behind their screens.

Speak up guys in front of your audience if you really know half of what spout about!!!!

No doubt this post will be delayed a week or two.


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