I don’t have a problem with politics being discussed on this board if it’s a critique of proposed or passed legislation since it does impact investments and your money.

The extra commentary I can do without when it becomes smack talking of political adversaries like it’s the tiger rant.

I believe people would be better off focused on time in market rather than trying to buy/sell at a top or bottom. If professional peddlers of investment advice can’t do it successfully why would I be so arrogant to think I can do it regularly.

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Posted by Bard

Definitely NOT an admin

Member since Oct 2008

55724 posts

Posted on 8/25/24 at 11:43 am to TulaneLSU

quote:
That group has called for three or four recessions to depressions in the last 3.5 years while cheering for them the entire time.

There can be politics involved in that, but it's also an objective view of the impact from cramming over $2T in liquidity into the economy in just a couple of months and then adding to it with continuous consumer and federal debt creation at high interest rates. You can't distort the economy to that level without there being some sort of negative economic response. It's not a matter of "if", just "when".

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Posted by Motownsix

Boise

Member since Oct 2022

2735 posts

Posted on 8/25/24 at 6:10 pm to slackster

quote:
I’ve voted republican my entire life but people around here think I’m a liberal because I don’t believe the economic sky is falling.

I get the same thing despite being active in GOP politics. If you don’t drink the kool-aid they come at you hard on many boards.

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Posted by Big Scrub TX

Member since Dec 2013

37090 posts

Posted on 8/25/24 at 7:10 pm to Bard

quote:
There can be politics involved in that, but it's also an objective view of the impact from cramming over $2T in liquidity into the economy in just a couple of months and then adding to it with continuous consumer and federal debt creation at high interest rates. You can't distort the economy to that level without there being some sort of negative economic response. It's not a matter of "if", just "when".

The truth is, nobody actually knows the answer to that. I get that it is your fervent opinion that you are correct, but you might not be.

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Posted by Big Scrub TX

Member since Dec 2013

37090 posts

Posted on 8/25/24 at 7:12 pm to Motownsix

quote:

I get the same thing despite being active in GOP politics. If you don’t drink the kool-aid they come at you hard on many boards.

A lot of it has gone away (the sheer force of reality simply became undeniable), but this board 6 months ago was nothing but wishcasting for negative events - the point of people actually taking their money out of markets. The funniest was when the flurry of "my 401K is down since 1/21/21" threads started proliferating.