Lets talk Stock Market

[HJCane]

Really it was very predictable that this market would begin to crash back down to earth.
Years of monetary easing have reversed.
Inflation thru the roof neccessitating rapid increases in interest rates
Geo-political issues with Ukraine / covid now in China
The FED and their counterparts around the Globe ( think G-7) are purposely and in a synchronized manner putting us into recession. ( yes it is INTENTIONAL) It is the ONLY way to curb spending and try to get prices down.
I predict another 4-5 rate hikes this year, a recession for 2-3 quarters and then to pull us out of recession they will lower rates a smidget but that isn't in 2022. Mid 2023 the earliest.
Politicians with stupid plans and no real policies for the economy short of more spending.

It's not supposed to be easy to acquire wealth.

 

[central17]

Think people are sick of Bidenomics now? Wait till the market goes down. We could be looking at a 25% Biden approval rating.

 

[HJCane]

Think people are sick of Bidenomics now? Wait till the market goes down. We could be looking at a 25% Biden approval rating.

We already are in many demographics

 

[NO.SHORECANE]

Lots of money being lost.

 

[Raoul2]

Really it was very predictable that this market would begin to crash back down to earth.
Years of monetary easing have reversed.
Inflation thru the roof neccessitating rapid increases in interest rates
Geo-political issues with Ukraine / covid now in China
The FED and their counterparts around the Globe ( think G-7) are purposely and in a synchronized manner putting us into recession. ( yes it is INTENTIONAL) It is the ONLY way to curb spending and try to get prices down.
I predict another 4-5 rate hikes this year, a recession for 2-3 quarters and then to pull us out of recession they will lower rates a smidget but that isn't in 2022. Mid 2023 the earliest.
Politicians with stupid plans and no real policies for the economy short of more spending.

It's not supposed to be easy to acquire wealth.

We were in a bull market for well over a decade going into COVID, and even that wasn't a proper recession given that it was a black swan event and not driven by internal market forces.

 

[Kinggeorge3]

Do you still like me now? I did this - Sleepy Joe

 

[miamimike]

Really it was very predictable that this market would begin to crash back down to earth.
Years of monetary easing have reversed.
Inflation thru the roof neccessitating rapid increases in interest rates
Geo-political issues with Ukraine / covid now in China
The FED and their counterparts around the Globe ( think G-7) are purposely and in a synchronized manner putting us into recession. ( yes it is INTENTIONAL) It is the ONLY way to curb spending and try to get prices down.
I predict another 4-5 rate hikes this year, a recession for 2-3 quarters and then to pull us out of recession they will lower rates a smidget but that isn't in 2022. Mid 2023 the earliest.
Politicians with stupid plans and no real policies for the economy short of more spending.

It's not supposed to be easy to acquire wealth.

Despite the recent downturn, we are in the early stages of a precious metals boom due to debt and credit bubbles.

 

[ddimaggio]

The combination of inflation and the stock market crash , which resulted directly from reckless spending and necessary interest rate increases has crushed the middle class
That doesn’t bother the Biden regime which is beholden to the far left socialists. They continue to cater to the 50% of the population that pays no taxes and has no earned wealth. They couldn’t care less about the stock market decline , and they are all waiting for the next government hand out ( college debt elimination/ new stimulus checks , increased Obamacare subsidies etc) .
It’s a travesty

 

[NO.SHORECANE]

Brandon already has his dirty Russian, Chinese ,and Ukranian money offshore. No worries.

 

[HJCane]

We were in a bull market for well over a decade going into COVID, and even that wasn't a proper recession given that it was a black swan event and not driven by internal market forces.

So all 4 years of Trump?

 

[HJCane]

Despite the recent downturn, we are in the early stages of a precious metals boom due to debt and credit bubbles.

Your mouth to G-ds ears Mike since I own a lot of a mining stock at very very low prices. It's already up 120% but I expect more.

 

[Raoul2]

So all 4 years of Trump?

Yes, the Obama recovery from the Dubya Great Recession continued, even under Donald Trump.

 

[genghiscane]

Really it was very predictable that this market would begin to crash back down to earth.
Years of monetary easing have reversed.
Inflation thru the roof neccessitating rapid increases in interest rates
Geo-political issues with Ukraine / covid now in China
The FED and their counterparts around the Globe ( think G-7) are purposely and in a synchronized manner putting us into recession. ( yes it is INTENTIONAL) It is the ONLY way to curb spending and try to get prices down.
I predict another 4-5 rate hikes this year, a recession for 2-3 quarters and then to pull us out of recession they will lower rates a smidget but that isn't in 2022. Mid 2023 the earliest.
Politicians with stupid plans and no real policies for the economy short of more spending.

It's not supposed to be easy to acquire wealth.

Plus the Russians now demanding payment in rubles instead of dollars.

 

[remma]

Yes, the Obama recovery from the Dubya Great Recession continued, even under Donald Trump.

now you’re just being lazy and unfactual.

The Great Recession was all Bush’s fault? Please elaborate if true. Also explain how the rollback of the Glass-Steagall Act under the Dem Messiah Clinton had nothing to do with it, because it did

look i get it, everything that was bad in the Country in your opinion was the Republicans fault, and Bush certainly isn’t blameless, but please enlighten me on how it wasn’t any Democrats fault

 

[ddimaggio]

Yes, the Obama recovery from the Dubya Great Recession continued, even under Donald Trump.

I actually was in the sub prime mortgage business, which triggered the recession.
It wasn’t the particular fault of the Republicans or the democrats. It was just greed by the companies, Wall Street, and the consumers who used Home Equity as a piggy bank.
The upcoming financial problem is in fact attributable to the democrats. It was too much spending printed money. The FED , pushed some by Trump ,was very accommodating. Too much so. They were very late in stopping the accommodations, like buying up very bonds and keeping the interest rates artificially low .
Now we are paying the price
Skyrocketing inflation
Increased interest rates
A falling stock market
And a possible real recession as we normalize the economy
We can’t continue to have free money , government give aways, and excessive taxes.
The sad part of this is that the liberals think that we can spend our way out of this dilemma. More freebies. More taxes on wealth.

 

[HJCane]

Yes, the Obama recovery from the Dubya Great Recession continued, even under Donald Trump.

So to be clear, a 10 year bull run but the 4 year period when Trump was President, was Obamas doing?
It had nothing to do with his lowering of corporate and personal tax rates and his reduction of burdensome regulations?

Ok Mr Dishonesty.

 

[HJCane]

Plus the Russians now demanding payment in rubles instead of dollars.

Another component. Empty words though. You could wipe your azz with rubles right now it's sheer bravado.

 

[HJCane]

I actually was in the sub prime mortgage business, which triggered the recession.
It wasn’t the particular fault of the Republicans or the democrats. It was just greed by the companies, Wall Street, and the consumers who used Home Equity as a piggy bank.
The upcoming financial problem is in fact attributable to the democrats. It was too much spending printed money. The FED , pushed some by Trump ,was very accommodating. Too much so. They were very late in stopping the accommodations, like buying up very bonds and keeping the interest rates artificially low .
Now we are paying the price
Skyrocketing inflation
Increased interest rates
A falling stock market
And a possible real recession as we normalize the economy
We can’t continue to have free money , government give aways, and excessive taxes.
The sad part of this is that the liberals think that we can spend our way out of this dilemma. More freebies. More taxes on wealth.

This morning is Q1 GDP initial number. It is expected to be DOWN 1.1% so the first quarter of the recession. You need 2-3 consecutive quarters of no growth. This will be #1

 

[tscardina_a_comcast.net]

THIS LOUNGE IS A F**KING JOKE....

 

[central17]

THIS LOUNGE IS A F**KING JOKE....

No Bidenomics is the joke.
Fully expect a senile old man to be blaming Putin and Trump by lunch time for negative GDP.

 

[miamimike]

Your mouth to G-ds ears Mike since I own a lot of a mining stock at very very low prices. It's already up 120% but I expect more.

My top stock is Eskay Mining Corp. (ESKYFS). Largest gold and silver deposits in Canada. Up over 300% since purchase date.

 

[miamimike]

I actually was in the sub prime mortgage business, which triggered the recession.
It wasn’t the particular fault of the Republicans or the democrats. It was just greed by the companies, Wall Street, and the consumers who used Home Equity as a piggy bank.
The upcoming financial problem is in fact attributable to the democrats. It was too much spending printed money. The FED , pushed some by Trump ,was very accommodating. Too much so. They were very late in stopping the accommodations, like buying up very bonds and keeping the interest rates artificially low .
Now we are paying the price
Skyrocketing inflation
Increased interest rates
A falling stock market
And a possible real recession as we normalize the economy
We can’t continue to have free money , government give aways, and excessive taxes.
The sad part of this is that the liberals think that we can spend our way out of this dilemma. More freebies. More taxes on wealth.

You failed to mention the Bush tax cuts during wartime which broke from 140 years of history under presidents of both parties who had raised taxes to pay for war.

 

[remma]

You failed to mention the Bush tax cuts during wartime which broke from 140 years of history under presidents of both parties who had raised taxes to pay for war.

he failed to mention this also, and you can thank Barney Frank, D-Mass


Barney Frank was the principal advocate in Congress for using the government's authority to force lower underwriting standards in the business of housing finance. His greatest success was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992.
Before this, these two government sponsored enterprises had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007 (see Bush isn’t blameless)

By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007

As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government. When these mortgages failed in unprecedented numbers in 2008, driving down housing prices throughout the U.S., they weakened all financial institutions and caused the financial crisis

so yeah, these were the primary reasons for the Great Reccession

• deregulation in the financial industry
• shady Wall Street practices, hedge funds and others sold mortgage-backed securities, collateralide debt obligations and other derivatives
• the Fed raised rates on Subprime borrowers. Many of those with adjustable-rate loans didn't realize the rates would reset in three to five years. In 2004, the Fed started raising rates. By the end of the year, the fed funds rate was 2.25%. By the end of 2005, it was 4.25%. By June 2006, the rate was 5.25%. Homeowners were hit with payments they couldn't afford

But keep thinking it was all Bush and all Republicans fault, if that helps keep warm during the winter and sleep at night

 

[miamimike]

he failed to mention this also, and you can thank Barney Frank, D-Mass


Barney Frank was the principal advocate in Congress for using the government's authority to force lower underwriting standards in the business of housing finance. His greatest success was to impose what were called "affordable housing" requirements on Fannie Mae and Freddie Mac in 1992.
Before this, these two government sponsored enterprises had been required to buy only mortgages that institutional investors would buy--in other words, prime mortgages--but Frank and others thought these standards made it too difficult for low income borrowers to buy homes. The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators

At first, this quota was 30%; that is, of all the loans they bought, 30% had to be made to people at or below the median income in their communities. HUD, however, was given authority to administer these quotas, and between 1992 and 2007, the quotas were raised from 30% to 50% under Clinton in 2000 and to 55% under Bush in 2007 (see Bush isn’t blameless)

By 2000, Fannie was offering no-downpayment loans. By 2002, Fannie and Freddie had bought well over $1 trillion of subprime and other low quality loans. Fannie and Freddie were by far the largest part of this effort, but the FHA, Federal Home Loan Banks, Veterans Administration and other agencies--all under congressional and HUD pressure--followed suit. This continued through the 1990s and 2000s until the housing bubble--created by all this government-backed spending--collapsed in 2007

As a result, in 2008, before the mortgage meltdown that triggered the crisis, there were 27 million subprime and other low quality mortgages in the US financial system. That was half of all mortgages. Of these, over 70% (19.2 million) were on the books of government agencies like Fannie and Freddie, so there is no doubt that the government created the demand for these weak loans; less than 30% (7.8 million) were held or distributed by the banks, which profited from the opportunity created by the government. When these mortgages failed in unprecedented numbers in 2008, driving down housing prices throughout the U.S., they weakened all financial institutions and caused the financial crisis

so yeah, these were the primary reasons for the Great Reccession

• deregulation in the financial industry
• shady Wall Street practices, hedge funds and others sold mortgage-backed securities, collateralide debt obligations and other derivatives
• the Fed raised rates on Subprime borrowers. Many of those with adjustable-rate loans didn't realize the rates would reset in three to five years. In 2004, the Fed started raising rates. By the end of the year, the fed funds rate was 2.25%. By the end of 2005, it was 4.25%. By June 2006, the rate was 5.25%. Homeowners were hit with payments they couldn't afford

But keep thinking it was all Bush and all Republicans fault, if that helps keep warm during the winter and sleep at night

Never claimed it was all the Republicans fault but Bush's "Ownership Society" pushed new policies encouraging homeownership to people who couldn't afford them. The easy mortgage terms gave many a chance to own a home who never would have qualified for a mortgage in years past.

 

[6882]

I actually was in the sub prime mortgage business, which triggered the recession.
It wasn’t the particular fault of the Republicans or the democrats. It was just greed by the companies, Wall Street, and the consumers who used Home Equity as a piggy bank.
The upcoming financial problem is in fact attributable to the democrats. It was too much spending printed money. The FED , pushed some by Trump ,was very accommodating. Too much so. They were very late in stopping the accommodations, like buying up very bonds and keeping the interest rates artificially low .
Now we are paying the price
Skyrocketing inflation
Increased interest rates
A falling stock market
And a possible real recession as we normalize the economy
We can’t continue to have free money , government give aways, and excessive taxes.
The sad part of this is that the liberals think that we can spend our way out of this dilemma. More freebies. More taxes on wealth.

This is so spot on it’s sad. What comes up must come down. Not rocket science. It’s like fiscal gravity. Can’t buy your way out of debt. The more you boost credit to people that don’t have decent credit, the more they’re going to default. Somebody has to pick up the cost. It’s not like they didn’t see it coming. They knew and just didn’t give a shit because the sales pitch was too good to pass up. They didn’t give a **** when 100’s of thousands were kicked out of there houses. They just used that as ammo against bush. Not their problem. When clinton was in office everyone got free houses. It’s the next guy in office that has to deal with it so it’s his fault.

kinda like brandon enabling his crack head son in a way. You give him $800,000 for his business dealings in China knowing he has a problem and what do you expect?

 

[grbcane]

BIDEN ECONOMY: The DOW and S&P 500 Record Worst April Since 1970 | The Gateway Pundit | by Joe Hoft

The Biden economy just keeps getting worse. It’s so bad that the performance appears to be intentional.

www.thegatewaypundit.com

 

[miamimike]

This is so spot on it’s sad. What comes up must come down. Not rocket science. It’s like fiscal gravity. Can’t buy your way out of debt. The more you boost credit to people that don’t have decent credit, the more they’re going to default. Somebody has to pick up the cost. It’s not like they didn’t see it coming. They knew and just didn’t give a shit because the sales pitch was too good to pass up. They didn’t give a **** when 100’s of thousands were kicked out of there houses. They just used that as ammo against bush. Not their problem. When clinton was in office everyone got free houses. It’s the next guy in office that has to deal with it so it’s his fault.

kinda like brandon enabling his crack head son in a way. You give him $800,000 for his business dealings in China knowing he has a problem and what do you expect?

"It's the next guy in office that has to deal with it". Like the Bush Administration masking the cost of the war with deficit spending to ensure the American people would not face up to its cost while he was in office.

 

[6882]

"It's the next guy in office that has to deal with it". Like the Bush Administration masking the cost of the war with deficit spending to ensure the American people would not face up to its cost while he was in office.

Right cause everyone knows that going to war with Iraq cost about five times the amount of Iraqs entire net worth. Face it, we were lied too. Then obama came along and more than doubled the debt by doing exactly what biden is doing know. Btw, who on the left that’s still in power today, which is almost all of them seeing as to how they’re all career politicians, voted against going to war in Iraq?

 

[miamimike]

Right cause everyone knows that going to war with Iraq cost about five times the amount of Iraqs entire net worth. Face it, we were lied too. Then obama came along and more than doubled the debt by doing exactly what biden is doing know. Btw, who on the left that’s still in power today, which is almost all of them seeing as to how they’re all career politicians, voted against going to war in Iraq?

The congressional resolution which gave Bush the authority to launch the war was based on the dangers of Iraq's alleged arsenal of biological and chemical weapons. They all lied and never produced any evidence that Iraq possessed WMD's.

 

[grbcane]

The congressional resolution which gave Bush the authority to launch the war was based on the dangers of Iraq's alleged arsenal of biological and chemical weapons. They all lied and never produced any evidence that Iraq possessed WMD's.

The democrats saw the same information as Bush, which was provided by none other than John Brennan, and went along with my it.

 

[miamimike]

The democrats saw the same information as Bush, which was provided by none other than John Brennan, and went along with my it.

I'm aware of that and that's why I stated that they all lied and none ever produced any evidence that Iraq possessed WMD's. The CIA had informed the Bush administration that Saddam no longer had WMD's but that was ignored and used as a pretext to justify the invasion. The Democrats who did support the war were part of a right-wing minority and did not represent the mainstream of their party.

 

[grbcane]

I'm aware of that and that's why I stated that they all lied and none ever produced any evidence that Iraq possessed WMD's. The CIA had informed the Bush administration that Saddam no longer had WMD's but that was ignored and used as a pretext to justify the invasion. The Democrats who did support the war were part of a right-wing minority and did not represent the mainstream of their party.

Bush and the Democrats were wrong, I wouldn’t say they lied, but we’re eager to look for a reason to go to war.

The one who definitely lied was John Brennan.

You‘re trying to rewrite history when it comes to the democrats, the leadership was all in at the beginning.

It was political for the Democrats, politics influenced their stance when they flipped.

Saying Bush lied is a way to wash the blood off their hands.

One thing for sure is most Americans agree we should have never gone to war in Iraq.

The second thing for sure is Liz Cheney and her family got PAID!

 

[HJCane]

My top stock is Eskay Mining Corp. (ESKYFS). Largest gold and silver deposits in Canada. Up over 300% since purchase date.

Hecla Mining around $3

 

[ddimaggio]

Bush and the Democrats were wrong, I wouldn’t say they lied, but we’re eager to look for a reason to go to war.

The one who definitely lied was John Brennan.

You‘re trying to rewrite history when it comes to the democrats, the leadership was all in at the beginning.

It was political for the Democrats, politics influenced their stance when they flipped.

Saying Bush lied is a way to wash the blood off their hands.

One thing for sure is most Americans agree we should have never gone to war in Iraq.

The second thing for sure is Liz Cheney and her family got PAID!

Agree , the Iraq war and the Afghanistan fight were both debacles
Both parties were at fault
The failure to raise taxes had zero effect on the 2008 melt down. It was all bad securitization of worthless mortgages
Now the Biden regime is working with the warmongers from both parties to endlessly fund the Ukrainian war.
Where exactly is the $33 Billion coming from? Not from the democrat voters collecting welfare , stimulus checks , food stamps
I get that the Ukrainian people are suffering
But what efforts are being made to settle the dispute diplomatically?
It’s a proxy war with a lot of dead Ukrainians, increased costs to Americans, and a possibility of a nuclear war .
People ( the Great Britain folks ) are saying that we need to drive the Russians from Crimea. That’s scary
The Russians will take out London before they are driven out of Crimea