I thought Obama saved the economy and stock market

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S&P sey to implode at opening bell - I'm so glad I no longer have one penny in it

Just so I have this straight.....the years of booming stock market had nothing to do with Obama.....any drop is ALL on Obama? Lol. Gee....we haven't seen that logic here in almost one day!!
 
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Just so I have this straight.....the years of booming stock market had nothing to do with Obama.....any drop is ALL on Obama? Lol. Gee....we haven't seen that logic here in almost one day!!

When a government inflates the economy instead of allowing the private sector, you will see a big bubble that will pop. It might pop this week, I sure as heck hope not.
 
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This is going to sound harsh and I don't want anyone to miss meals but I hope it pops and we once and for all realize excessive central banking policy is a failure. In 08 bad lending/deregulation took most of the blame and the fed escaped the scorn it deserved. Nowhere else to point the finger now.
 

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Just so I have this straight.....the years of booming stock market had nothing to do with Obama.....any drop is ALL on Obama? Lol. Gee....we haven't seen that logic here in almost one day!!

Obama had zero to do with the stock market other than he raised capital gains which certainly puts a strain on it - but you fools used to cite the stock market's explosion as if Barry had an inkling to do with it

Obama is not responsible for it's implosion if that occurs

What Barry is responsible for is the deadest 8 year economy of my lifetime - and that's giving him a pass for the first 2 years
 

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This is going to sound harsh and I don't want anyone to miss meals but I hope it pops and we once and for all realize excessive central banking policy is a failure. In 08 bad lending/deregulation took most of the blame and the fed escaped the scorn it deserved. Nowhere else to point the finger now.

:aktion033

Amen!

No more Pavian economics.
 
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Don't think real estate is immune either.

also looking frothy but at least with property you can weather the storm if you aren't overleveraged
 
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This is going to sound harsh and I don't want anyone to miss meals but I hope it pops and we once and for all realize excessive central banking policy is a failure. In 08 bad lending/deregulation took most of the blame and the fed escaped the scorn it deserved. Nowhere else to point the finger now.

Great post. Where's Helicopter Ben when you need him?
 

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This is going to sound harsh and I don't want anyone to miss meals but I hope it pops and we once and for all realize excessive central banking policy is a failure. In 08 bad lending/deregulation took most of the blame and the fed escaped the scorn it deserved. Nowhere else to point the finger now.

Yes, and it is also a failure of not letting dead wood burn and continuing to throw good money after bad.

We are taxing productive parts of the economy to subsidize the losers.
 

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By the way, look at what this incompetent piece of shit President's Treasury Secretary said last month:

JACK LEW IN CHINA: CHINA’S MARKETS AREN’T ‘LINKED’ TO REST OF WORLD

"I will say that China’s markets still are pretty much separated from world markets," the secretary of Treasury, said. "They’re, obviously, moving towards being more integrated, but right now they’re not."
"So you’re not going to, I don’t think, see the direct linkage there," Lew said.

====
Incompetence from the top down
 
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Yes, and it is also a failure of not letting dead wood burn and continuing to throw good money after bad.

We are taxing productive parts of the economy to subsidize the losers.

Yeah we had a legitimate opportunity to let the system unwind after '08, let the debt flush itself out and rebuild from there but we went in the other direction.

Maybe society is just too narcissistic now for an extended downturn like that, not sure.

Atleast some of the newer politicians do seem to understand the dangers of what we're doing. Unfortunately a few of them are also awkward loons that nobody is going to listen to (Paul)
 

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Yeah we had a legitimate opportunity to let the system unwind after '08, let the debt flush itself out and rebuild from there but we went in the other direction.

Maybe society is just too narcissistic now for an extended downturn like that, not sure.

Atleast some of the newer politicians do seem to understand the dangers of what we're doing. Unfortunately a few of them are also awkward loons that nobody is going to listen to (Paul)

Does Trump understand this?
 
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Does Trump understand this?

Tough to say. As far as his campaign goes, any type of recession environment certainly favors the upstart new revolutionary candidate (as we saw in '08)

Obviously a lot of his net worth has been augmented by central banking policy last 30 years. Being a real estate developer in a major city, he has certainly taken advantage of the rising asset prices the low rate environment has created.

Cruz/Rand definitely understand it. Hopefully Rubio does.
 
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http://www.cnbc.com/2015/08/24/jim-...-and-should-override-the-price-mechanism.html


Grant is generally very critical of CB policy but he's a smart guy and his opinion is worth reading (in my opinion).

Yeah he touches on something very crucial and that is how risk averse we've become.

Even if long-term having winners and losers is optimal, it's almost gotten too scary for us and we're coming up with these policies to extend the status quo far beyond its natural limit.

This goes beyond finance and into innovation and transformation. It's not a good cycle to be in.
 

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When a government inflates the economy instead of allowing the private sector, you will see a big bubble that will pop. It might pop this week, I sure as heck hope not.

This.

Government can only pump so much phony money into the market before investors realize everything is overvalued, so they start dumping what they own with the hopes of cashing out and then waiting for the next legit opportunity that comes along.

if you're going to give the Stuttering Clusterfuck credit for creating the Dow high, then you need to hold him accountable for the low. Never mind that it's absurd to believe a POTUS can sit in his office all day and press buttons to make the Dow go up or down...
 
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This.

Government can only pump so much phony money into the market before investors realize everything is overvalued, so they start dumping what they own with the hopes of cashing out and then waiting for the next legit opportunity that comes along.

if you're going to give the Stuttering Clusterfuck credit for creating the Dow high, then you need to hold him accountable for the low. Never mind that it's absurd to believe a POTUS can sit in his office all day and press buttons to make the Dow go up or down...

Some of them probably talk themselves into the market being stable through cognitive bias. If you are making $ hand over fist in a bull market then it gets pretty easy to justify the legitimacy and fundamental stability of that market.

However, a good portion know the equities are dependent on the fed giving them the equivalent of a heroin shot in the arm. They just don't want to miss out on further gains. Not being in equities since '09 been disastrous and they don't want to sell too early. This is why once people know the party is over, the downswings are far more volatile and violent than the slow rise.
 

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Bush was fucking things up at the opening bell, then Obama took over late morning

Just axe any libtard
 

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