Well, it was your boy that lowered rates and kicked off all the aggressive spending. And the lumber tariffs sure as heck didn't help the housing market. So yeah, I'm okay with things for now. Could have been way worse. Seeing neither candidate is worth a flip, I might vote for marmalade maniac this time though. The financial chaos he'll create should present some decent buying opportunities.
Tucker will make Liberal heads explode tomorrow !!
- Thread starter Trm82
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Don't know why you are attacking me. I didn't respond to any of you posts. I was just chiming in on how bad our 401k took a hit in 2021.
Glad that you are a genius sir and happy that you are killing it in the market in this economy. There is a certain class or group of people that just look to attack others. You are also a genius onto the ignore list.
Montana'eer
Well-Known Member
The reason we had the market we had is because:
A. The world manufacturing sector shut down. It was a broad swath due to COVID- a novel virus. And I don't necessarily blame Trump or Biden for that. It was an unknown and our states reacted.
B. The world, including the US, pumped money into the system at a record pace. The Trump administration supported it (remember the Treasury checks that bore his signature?). Biden continued with another round.
C. We had a shortage of goods (remember manufacturing shut down) and too much $$ in the system= INFLATION. Too much money chasing too few goods.
D. Now we had inflation, a BURST of it. It takes time for the market to equalize. The FED screwed the pooch by not raising rates soon enough, and a R/E market bubble appeared.
E. Real estate is starting to correct, inflation is down, and now markets and prices will begin to recalibrate.
victor3ranger
Well-Known Member
They attack if you don't feel exactly like they do
Montana'eer
Well-Known Member
I don't see an attack. Just a statement that indexing funds actually weathered the storm.
69precision
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- 178
I'm not attacking anyone. And stock market numbers aren't feelings. They are verifiable facts. They aren't "the media". If you lost $150k in the stock market in the last 3 years, you are doing something wrong. It did not tank. That has nothing to do with the fact I like neither trump or Biden. You can look for yourself at what happened in the stock market over any period of time with no media spin.They attack if you don't feel exactly like they do
69precision
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The only reason I've responded to this thread is not to spout opinions, but to call out misinformation. "I lost tons of money in the stock market as soon as Biden became president" is easily disproven by looking at a couple graphs on how the market has performed since he's been president.
Jmatt
Well-Known Member
69, regarding your idea (post 111) that the US stayed out of WW 2 too long, I have to respectfully disagree. When I was in High School I was told the US stayed out of that war because we were "left out of the peace" after WW1. In college I was told that FDR was afraid to get too far out in front of public opinion. At 61, common sense tells me that both those notions are pure bs.
America stayed out of the war until they were good and sure that Britian had bankrupted itself singlehandedly fighting the Germans. We entered the war only when we could guarantee that the world's currency would be the dollar, not the pound. I'm quite sure Churchill called FDR a ruthless ********** on more than one occasion. He **** well knew the game the US was playing. No other explanation even comes close.
I grew up knowing America was the good guy, and it's still my knee jerk reaction to defend her. But too many times over the course of the last 70 years, the "defender of democracy" has squashed democracy at its convenience. Think Iran '52-'79, Iraq till '89. Hell, how many times have we abandoned the Kurds now?
I guess the big takeaway here is that American Business does what it needs to do regardless of the consequences for the country, and American Business IS the governing power right here right now.
Respectfully,
Jim
America stayed out of the war until they were good and sure that Britian had bankrupted itself singlehandedly fighting the Germans. We entered the war only when we could guarantee that the world's currency would be the dollar, not the pound. I'm quite sure Churchill called FDR a ruthless ********** on more than one occasion. He **** well knew the game the US was playing. No other explanation even comes close.
I grew up knowing America was the good guy, and it's still my knee jerk reaction to defend her. But too many times over the course of the last 70 years, the "defender of democracy" has squashed democracy at its convenience. Think Iran '52-'79, Iraq till '89. Hell, how many times have we abandoned the Kurds now?
I guess the big takeaway here is that American Business does what it needs to do regardless of the consequences for the country, and American Business IS the governing power right here right now.
Respectfully,
Jim
69precision
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I think I mostly agree with you actually, and certainly there are folks a lot more versed here on ww2 details than me. The main point I was trying to get across which I think has some truth is that the axis got more powerful than I think we were comfortable with. I'm sure you're right regarding the reasons we stayed out but my impression is that by the time we entered, it was pretty far from a slam dunk that we'd win. And if we hadn't had the A-bomb it could have dragged on significantly longer. No doubt there were political reasons for things going the way they did, but putting the kibosh on hitler when he invaded the first country might have saved a lot of lives.
birddog 68
Well-Known Member
Phil Rizzo
Well-Known Member
What interview? Bwahahaha
FireFlyFishing
Well-Known Member
This thread is garbage!
Trm82
Well-Known Member
For those that haven't seen it.
And it was not as good as one had hoped.
Mission was accomplished though.
The liberals around the world went ballistic
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Montana'eer
Well-Known Member
Exactly. Not much of one.
