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Started By
Message
re: Moody's downgrades US Credit rating
Posted on 5/16/25 at 9:05 pm to Robcrzy
Posted on 5/16/25 at 9:05 pm to Robcrzy
quote:Cant let good news last another week. Without the downgrading, next week was going to pop off. Now talking heads will be talking about the credit rating cut all weekend long, just in time to turn the market bearish after an amazing foreign trip.
Why the frick did these piece of shite assholes do this on a friday after the close. i mean WTF they just fricked a lot portfolios
Setting up some narrow stop losses and going to buy the dip next week. Moodys fricked all my plans up
This post was edited on 5/16/25 at 9:06 pm
1
Posted on 5/16/25 at 9:29 pm to jefforize
quote:
A lot of profit taking occurring in AH trading at the moment.
The volume wasn't there
Posted on 5/16/25 at 10:46 pm to HailHailtoMichigan!
quote:I believe people are getting $3 out for every $1 they put into the program. It’s not sustainable.
Bottom line: people on ss and Medicare are getting far more out of the program than they paid in.
Posted on 5/17/25 at 1:23 am to UltimaParadox
DOGE is uncovering many billions in easy cuts and congress wont vote on it. This is the first administration in modern history that is actually auditing the government’s spending to cut waste. Congress won’t vote to defund themselves.
Posted on 5/17/25 at 6:58 am to Bard
quote:
You have no chance of getting re-elected if you aren't buying votes with government largess.
While correct, of course, a bigger issue is total govt spending is 36% of gdp. Any meaningful cuts send us into a deep recession which further blows out the deficit as transfer payments increase and tax receipts collapse. I think this was explained to Trump and Elon while doge optimism was compressing yields. They can redirect the garbage and graft spending to something productive but our consumer/service oriented economy is still dependent on it in some form.
Big tariffs would have a similar effect and that's why we're starting to see a shift away from those to capital controls instead, specifically taxing foreign investment in US financial assets. This, will of course, suck some foreign money out of financial markets which will have to be replaced by the Fed and/or Treasury to keep markets inflated. The stock market effectively backs the treasury market since cap gains are the marginal driver of tax receipts.
TLDR: the least painful way out is inflating out and I think that's exactly what is about to happen. Boomers are going to pay for their health care but it's not going to come via cuts, it's going to come via shrinking purchasing power from their fixed income instruments.
Posted on 5/17/25 at 7:05 am to FearlessFreep
quote:
ad infinitum
Not true. There are rare but beautiful moments when a generation finally says “we’ve had enough” and makes positive change in the world and overthrows the bullshite and decay of its past. The men born between 1716-1746 are a great example of this.
Posted on 5/17/25 at 7:19 am to Breesus
quote:
Not true. There are rare but beautiful moments when a generation finally says “we’ve had enough” and makes positive change in the world and overthrows the bullshite and decay of its past. The men born between 1716-1746 are a great example of this.
It will probably take yet another financial crash with resultant hard times before we have the necessary resolve and drive for this.
Posted on 5/17/25 at 8:17 am to TheBoo
quote:
DOGE is uncovering many billions
160B is a decent chunk of change, but it's not really moving the needle on the budget either way
Posted on 5/17/25 at 8:59 am to HailHailtoMichigan!
And defense spending. 870 billion last year - 13% of the 7 trillion dollar federal budget. 7 trillion - massive. Things are out of control.
Posted on 5/17/25 at 7:06 pm to wfallstiger
quote:
P.S. and may have gotten more had we not been forced into the system that you blame us for
WE GOT SCREWED SO NOW YOU HAVE TO GET SCREWED. Real good argument.
You agree the system is bad but don't want to fix it because it might cost you something.
Posted on 5/18/25 at 7:14 am to HailHailtoMichigan!
quote:While I agree with all of this, you're mixing metaphors.
The retirees and near retirees that post on this board need to grasp how damaging their opposition to entitlement reform is.
...
It’s the entitlements. It’s ss, it’s Medicare, it’s Medicaid.
Medicaid is hardly senior related. SS though in need of a reset, is completely noncontributory to current deficits (In fact SS is used to reduce cost of carry on existing debt, which is deficit reducing).
Re: Elimination of FW&A, there is nothing which would come close to the waste elimination associated with institution of zero-based budgeting. DOD waste ITR alone is ridiculous.
As you know, deficits are first and foremost a Congressional problem. The FY2026 budget prelims were so bad when they first aired last month that Treasury rates jumped. Congress feels zero pressure to do the right thing and cut spending.
Posted on 5/18/25 at 8:51 am to AuburnTigers
quote:
Setting up some narrow stop losses and going to buy the dip next week. Moodys fricked all my plans up
What's everyone's thoughts on the opening tonight/tomorrow?
There was an AH selloff but, others have downgraded our debt prior to Moody's and not really seeing any talk about it on some of the trading sites I haunt.
Posted on 5/18/25 at 8:59 am to bigjoe1
When it happened in august 2011, there was a crash but there were lots of other factors
When it happened in 2023, there was no downturn
Ultimately i don’t see it impacting markets too much.
When it happened in 2023, there was no downturn
Ultimately i don’t see it impacting markets too much.
Posted on 5/18/25 at 9:30 am to biscuitsngravy
quote:
And defense spending. 870 billion last year - 13% of the 7 trillion dollar federal budget. 7 trillion - massive. Things are out of control.
This.
It wasn’t that long ago when the federal budget was 1 trillion.
Edit: nm it was 2001 haha. Damn.
This post was edited on 5/18/25 at 9:35 am
Posted on 5/18/25 at 1:12 pm to Bard
Can someone explain this to me like I’m five on what it means
Does this mean stocks are now back in the tank?
Does this mean stocks are now back in the tank?
Posted on 5/18/25 at 2:31 pm to dallastiger55
quote:
Does this mean stocks are in the tank?
Maybe. Maybe not. Welcome to the stock market.
This post was edited on 5/18/25 at 2:33 pm
Posted on 5/18/25 at 3:47 pm to TheBoo
quote:
DOGE is uncovering many billions in easy cuts
DOGE didn’t and isn’t going to do shite.
There are two ways to curtail the growing debt. The first is entitlements. The second is the Pentagon. There is no will to make cuts to either.
Entitlements + Pentagon + Debt Servicing = 75% of all expenses.
Posted on 5/18/25 at 3:58 pm to TigersHuskers
Can't wait for that worthless shitstain of a generation to be gone.
Wow, you seem like a miserable, mean and negative person. Are your parents and grandparents still alive? You wish for them to be dead?????
quote:
Can't wait for that worthless shitstain of a generation to be gone.
Wow, you seem like a miserable, mean and negative person. Are your parents and grandparents still alive? You wish for them to be dead?????
Posted on 5/18/25 at 5:20 pm to LChama
No, that futures open doesn’t look good at all.
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