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02-15-2020, 11:39 AM
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#31
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,684
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Quote:
Originally Posted by WTF
Numb nuts...for apple to apple, you compare the nearest years. Which is Obama's last admin vs Trumps 1rst.
Only a dumbass void of economics would go to a recession started in another administration and want to compare it to present day.
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Perhaps you should whine about that to your fellow libtard - chungy picked the periods to compare. Tell chungy he is "a dumbass void of economics"... Pot talking to kettle!
Quote:
Originally Posted by Chung Tran
Obama's economic record was stronger for his first 4 years, than Trump's has been.
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02-15-2020, 11:46 AM
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#32
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Valued Poster
Join Date: Jan 16, 2010
Location: Texas
Posts: 51,038
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Quote:
Originally Posted by lustylad
Perhaps you should whine about that to your fellow libtard - ....
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He's good at whining ... all the SocialistLiberalAntiTrumpers are:
It will be difficult to tolerate for the next five years, but ...
... the improvements to this country justify the tolerance required.
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02-15-2020, 12:01 PM
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#33
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,684
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Quote:
Originally Posted by Chung Tran
...the tax cuts temporarily drove up profits, couple that with absurdly low interest rates, and you'll get a good stock market for a time...
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Quote:
Originally Posted by Chung Tran
...absurdly low rates are what is fueling the stock market.. NOT economic metrics.
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Hey chungy, you had it more right the first time... why did you leave out profits in your second post?
As Jim Kramer says, "earnings are the Mother's milk of stock prices!" Trump's tax cuts have been a boon for the bottom lines of US companies. And this welcome tonic will continue at least until 2025.
As long as P/E ratios look reasonable, there is no reason to expect the stock market to crash, intermittent corrections notwithstanding. But go ahead and short it if you think it's a bubble!
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02-15-2020, 12:09 PM
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#34
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Valued Poster
Join Date: Jan 18, 2010
Location: texas (close enough for now)
Posts: 9,249
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well and good
but just when we think we have everything figured out, humans tend to get slapped upside the head
this corona virus just might be the black swan event the mystery writers talk about
im sure its knocked the hell out of the Chinese economy this quarter
and that effects us quite a bit I'd imagine
and it ever gets loose here,,no telling
least till summer or a vaccine
the market tends to overshoot up or down and fear drives ya down
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02-15-2020, 12:11 PM
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#35
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BANNED
Join Date: Mar 4, 2019
Location: In the valley
Posts: 10,786
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Quote:
Originally Posted by WTF
According to that logic lustyArtLaffer China is twice as healthy as our economy.
Why is Trump calling for negative rates and more QE?
Are you still listening to your boy Stephen Moore for economic advice?
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Do you think that has anything to do with the fact that America is the world leading consumer and China is the world leading producer?
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02-15-2020, 12:18 PM
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#36
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Valued Poster
Join Date: Jan 16, 2010
Location: Texas
Posts: 51,038
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Quote:
Originally Posted by Levianon17
Do you think ....
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No! He doesn't. He's a parrot. He's not been there and done that so he just makes up shit he's read from some bullshit cover off the shelf of Barnes and Nobles. He can't even build a swimming pool that holds water! Talking to a house builder about economics is a waste of time.
Why do you think he's jealous of Trump, besides his hot wife and money!
Why did Trump win in 2016? Troup is a commercial real estate developer!
And he has Don Jr working for him .... the Market Guy!
Trump never even ran for PTA President ... and whopped ass on the Clintons!!!!
Then little ole ignoramus WTF comes along and fades trying to look smarter than Trump .... along with .....
The HasBeen Predator
The Socialist
The Fake Indian
The BoyScout Mayor
The OldWhiteTrader Billionaire
Or the FatOldHagLoser Predator-Facilitator as a "Compromise"!!!!
and let's not forget along with ....
And wtf actually believes he knows better than they did?
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02-15-2020, 12:19 PM
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#37
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,684
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Quote:
Originally Posted by Chung Tran
why do you bring up wtf? what the fuck are YOU talking about?
go back and read... and remember. I'm the guy who says deficits don't matter... I have explained why many times.
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"Deficits don't matter"? You sound like Dick Cheney. Is he your new economics tutor? Maybe you should explain the basis for your belief to wtf - he's the chicken little who keeps screaming "the sky is falling!" when trumpy's budget gaps (as a % of GDP) are running at less than half the level of odumbo's first term. THAT'S why I bring him up.
Quote:
Originally Posted by Chung Tran
Obama's first 4 years were more economically powerful than Trump's... you'll never admit it, because you hate Obama.
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I don't hate odumbo. I'm just glad we got rid of his tax-and-spend-and-regulate ass. I've heard plenty of adjectives to describe odumbo's economy but "powerful" ain't one of them.
So once again, wtf are YOU talking about, chungy? What economic indices behaved in a "powerful" way during odumbo's first 4 years? I assume you mean it in a positive sense. The data is the data, so be specific.
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02-15-2020, 12:22 PM
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#38
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Valued Poster
Join Date: Jan 18, 2010
Location: texas (close enough for now)
Posts: 9,249
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obama's economy in his first term can rightly be called "crony", not so much powerful
the unions, the "solyndras" etc
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02-15-2020, 12:25 PM
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#39
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by LexusLover
WTF actually believes his large letters and pics are convincing!
A single objection of "not relevant" would toss his ridiculous attempt to appear "all knowing" ... .
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Actually lastyLaffer understands wtf I posted and is not trying to help you with your bullshit. This sounds similar to you acting as if you understood odds and point spreads.
As mentioned above, during periods of high interest rates, S&Ls, limited to making long-term, fixed-rate mortgages, earned less interest on their loans than they paid on their deposits.
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02-15-2020, 12:29 PM
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#40
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by lustylad
"Deficits don't matter"? You sound like Dick Cheney. Is he your new economics tutor? Maybe you should explain the basis for your belief to wtf - he's the chicken little who keeps screaming "the sky is falling!" when trumpy's budget gaps (as a % of GDP) are running at barely half the level of odumbo's first term. THAT'S why I bring him up.
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Once again you compare apples to you tiny dick....First Term First Term...
Trump and Obama have about the same economy...except Trump has cut taxes and is blowing up the deficits from what they were in Obama's 2nd term.
Jesus....
Now please tell Lexy how high interests rates mattered to S&L , the poor bastard sounds as confused as you on comparative GDP numbers.
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02-15-2020, 12:34 PM
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#41
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Valued Poster
Join Date: Jan 16, 2010
Location: Texas
Posts: 51,038
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Quote:
Originally Posted by nevergaveitathought
obama's economy in his first term can rightly be called "crony", not so much powerful
the unions, the "solyndras" etc
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The LOONS clamoring for a resurrection of the Obaminable Legacy ..
... actually neglect intentionally to factor in the taxpayer money borrowed that was injected into the economy and considered part of the "growth" of the U.S. economy for statistical purposes.
WTF understands that "concept" as a house builder ....
... when he brags about how much the house brought at sale!
Like he put the sales proceeds in his pocket!!!!!!!!!!!
He had to pay the interim financing and his personal expenditures he robbed out of the borrowed money .... which is why he has to build another house to pay for the expenditures from the last one that he couldn't pay, because he was living of the loan proceeds he borrowed from the last one.
The S&L's had to book "loans" as assets to appear solvent, just like WTF and all the other spec house builders.......
... that's why he believes the bullshit on Obaminable's economy! And that is also why his bullshit about high interest rates doesn't hold water as a cause of the S&L failures. And that's why he name-calls!!! Ignorance.
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02-15-2020, 12:35 PM
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#42
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,684
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Quote:
Originally Posted by WTF
Actually lastyLaffer understands wtf I posted and is not trying to help you with your bullshit.
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Who is "lastyLaffer"? Is he related to your mentor Art?
Start another fucking thread if you want to talk about the 1991 S&L crisis!
Holy Dick Cheney! Your libtard buddy Chung Tranny says "deficits don't matter"!
What say you, Einstein?
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02-15-2020, 12:42 PM
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#43
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by LexusLover
The LOONS clamoring for a resurrection of the Obaminable Legacy ..
... actually neglect intentionally to factor in the taxpayer money borrowed that was injected into the economy and considered part of the "growth" of the U.S. economy for statistical purposes.
WTF understands that "concept" as a house builder ....
... when he brags about how much the house brought at sale!
Like he put the sales proceeds in his pocket!!!!!!!!!!!
He had to pay the interim financing and his personal expenditures he robbed out of the borrowed money .... which is why he has to build another house to pay for the expenditures from the last one that he couldn't pay, because he was living of the loan proceeds he borrowed from the last one.
The S&L's had to book "loans" as assets to appear solvent, just like WTF and all the other spec house builders.......
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Look counselor....you would be disbarred if you told that lie under oath.
You lied about S&L not being negatively effected by High Interest Rates when that is clearly not the case and you are now trying to lie about me.
You still obviously do not understand what this means. It means you lied about high rates not effecting the S&L business!
As mentioned above, during periods of high interest rates, S&Ls, limited to making long-term, fixed-rate mortgages, earned less interest on their loans than they paid on their deposits.
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02-15-2020, 12:43 PM
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#44
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Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,684
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Quote:
Originally Posted by WTF
Once again you compare apples to you (sic) tiny dick....First Term First Term...
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My dick may or may not be tiny, but at least it still works.
Once again, you need to direct your bitching at chungman - he's the guy picking the periods to compare! Are you deaf and dumb? Did you not read my post #31?
You don't know how to pick anything fairly or appropriately. You couldn't even pick dingleberries out of chungy's asshole.
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02-15-2020, 12:46 PM
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#45
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by lustylad
"Deficits don't matter"? You sound like Dick Cheney.
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Yea....that was a head scratcher then and now for me.
Quote:
Originally Posted by lustylad
"? Maybe you should explain the basis for your belief to wtf - he's the chicken little who keeps screaming "the sky is falling!" when trumpy's budget gaps (as a % of GDP) are running at less than half the level of odumbo's first term. THAT'S why I bring him up.
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I know you know that in a recession revenue decreases and outflows increase....thus a higher % .
Don't be so childish. You have to know this basic shit....because according to Tiny , you are an economic guru!
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