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Message
The DOW has been on fire since Trump's election
Posted on 12/7/16 at 2:38 pm
Posted on 12/7/16 at 2:38 pm
the market knows we're going to make America great again
This post was edited on 12/7/16 at 2:41 pm
Posted on 12/7/16 at 2:40 pm to hsfolk
quote:
the market knows we're GAMA
wut
Posted on 12/7/16 at 2:53 pm to Alabamya
The market has been on fire since march of 2009, less than 90 days into Obama's first term.
Posted on 12/7/16 at 3:02 pm to autodd03
The market has been on fire since exactly March 9, 2009, the day the federal reserve officially started its policy of monetizing US government debt. Since that time, the federal reserve, the European Central Bank, the Bank of England, the Bank of Japan, the Swiss National Bank, probably the Bank of China, and various and sundry other monetary kamikaze pilots have been printing money in waves. They are all "stimulating" their economies by creating money out of thin air, keeping interest rates pinned below the rate of inflation, and encouraging tens of trillions of even more unpayable debt. The fact that the monetary inflation has been contained by carefully guiding it into financial assets and real estate so far is irrelevant for how this ends.
I would say this is the greatest monetary experiment in human history, but this has a known and obvious outcome because it's been tried various times without success. Printing money does not create wealth, it redistributes wealth and ultimate leads to currency destruction. There is a point of no return when those central banks lose the ability to undo what they've done, and we're long past that. This is the end game of the monetary experiment that began in 1913.
I would say this is the greatest monetary experiment in human history, but this has a known and obvious outcome because it's been tried various times without success. Printing money does not create wealth, it redistributes wealth and ultimate leads to currency destruction. There is a point of no return when those central banks lose the ability to undo what they've done, and we're long past that. This is the end game of the monetary experiment that began in 1913.
This post was edited on 12/7/16 at 3:11 pm
Posted on 12/7/16 at 3:10 pm to wdhalgren
What's the safe play here then?
Posted on 12/7/16 at 3:11 pm to hsfolk
quote:
The DOW has been on fire since Trump's election
vs the predictions
quote:
Billionaire businessman and NBA owner Mark Cuban, for one, thinks the stock market will crash if Trump is elected
Renowned bond investor Jeffrey Gundlach of DoubleLine thinks a potential Trump victory could threaten the global economy
Goldman Sachs stock has since largely rebounded as Clinton’s campaign has gained strength
LINK
quote:
On Tuesday, Bridgewater Associates sent out a note to its clients predicting that the Dow Jones Industrial Average could plunge nearly 2,000 points in one day if Trump is elected president. That would be the biggest one-day slump in stock market history, by more than double, besting the 777 point plunge that happened on October 29, 2008, at the high of the panic surrounding the financial crisis. The drop would translate into a 10.4% dive, and immediately send the stock market into correction territory.
LINK
Posted on 12/7/16 at 3:15 pm to I Love Bama
quote:
What's the safe play here then?
Ask someone who's a good historian on the fall of the Roman Empire and the subsequent dark ages, because I have no idea how to survive the aftermath of something like this. I also don't know how long before this crashes for good, but it's coming unless we discover a new, cheap, and plentiful energy source. That's what enabled the population/consumption boom of the last 100 years and we need another one to grow our way out of this hole.
This post was edited on 12/7/16 at 3:16 pm
Posted on 12/7/16 at 3:15 pm to wdhalgren
quote:
The market has been on fire since exactly March 9, 2009, the day the federal reserve officially started its policy of monetizing US government debt. Since that time, the federal reserve, the ECB, the Bank of England, the Bank of Japan, the Swiss National Bank, probably the Bank of China, and various and sundry other monetary kamikaze pilots have been printing money in waves. They are all "stimulating" their economies by creating money out of thin air, keeping interest rates pinned below the rate of inflation, and encouraging tens of trillions of even more unpayable debt. The fact that the monetary inflation has been contained by carefully guiding it into financial assets and real estate so far is irrelevant for how this ends.
I would say this is the greatest monetary experiment in human history, but this has a known and obvious outcome because it's been tried various times without success. Printing money does not create wealth, it redistributes wealth and ultimate leads to currency destruction. There is a point of no return when those central banks lose the ability to undo what they've done, and we're long past that. This is the end game of the monetary experiment that began in 1913.
if I only had 1000 upvotes to give.
I wish more people were informed like you.
Posted on 12/7/16 at 3:19 pm to wdhalgren
quote:Are predicting another 'dark ages'??
who's a good historian on the fall of the Roman Empire and the subsequent dark ages
Posted on 12/7/16 at 3:27 pm to LSURussian
quote:
Are predicting another 'dark ages'??
Not a 30s type crash, but collectively the market is over valued maybe as much as a third of its value, its going to correct sooner than later.
It has nothing to do with Trump or Obama
Posted on 12/7/16 at 3:54 pm to Lakeboy7
What was you prediction for this Presidential election cycle?
Posted on 12/7/16 at 4:01 pm to autodd03
quote:
The market has been on fire since march of 2009, less than 90 days into Obama's first term.
/thread
Posted on 12/7/16 at 4:02 pm to BayouBlitz
How many boxes of tissues did you run through this past 3-4 weeks?
Posted on 12/7/16 at 4:16 pm to wdhalgren
quote:
it redistributes wealth
"What is the primary philosophy behind Liberal social programs legislation", Alex
Posted on 12/7/16 at 4:18 pm to roadGator
quote:
What was you prediction for this Presidential election cycle?
For the market? it doesnt really matter who the president is if/when there is a correction.
Posted on 12/7/16 at 4:27 pm to BayouBlitz
quote:Obamanomics' Fed Policy says "hello".
/thread
QE through 2014 coupled with a historically low Fed funds rate boosted the markets for 8 yrs.
Smart money says an Obama friendly Fed will increase FFR ASAP under Trump. Despite that, our post-election markets continue to climb.
MAGA!
Posted on 12/7/16 at 5:20 pm to roadGator
quote:
How many boxes of tissues did you run through this past 3-4 weeks?
Heard yesterday that liberal tears ended the draught in California.
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