- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Dow down 765 points to start the day, lowest level in more than a year
Posted on 6/16/22 at 8:43 am
Posted on 6/16/22 at 8:43 am
Here’s to no mean tweets, just incoherent yelling 
7
Posted on 6/16/22 at 8:44 am to The Pirate King
I purposely blocked my 401k website addy on my machine 
Posted on 6/16/22 at 8:46 am to The Pirate King
quote:
no mean tweets
News flash: Mean tweets weren't stopping this pain train. It might have been a little slower and less painful, but it was still coming.
Posted on 6/16/22 at 8:47 am to Aubie Spr96
quote:
News flash: Mean tweets weren't stopping this pain train. It might have been a little slower and less painful, but it was still coming.
Yep. Even Trump couldnt stop the globalist mess
Posted on 6/16/22 at 8:47 am to Aubie Spr96
quote:Try much, much, muuuuuuch slower. And interest rates could have been gradually adjusted to weaken some of the impact.
News flash: Mean tweets weren't stopping this pain train. It might have been a little slower and less painful, but it was still coming.
Posted on 6/16/22 at 8:47 am to The Pirate King
I remember that 90proofpro guy always had something to say about the economy. Wonder what happened to him?
Posted on 6/16/22 at 8:49 am to The Pirate King
All part of the democrat plan.
Posted on 6/16/22 at 8:49 am to Aubie Spr96
quote:
News flash: Mean tweets weren't stopping this pain train. It might have been a little slower and less painful, but it was still coming.
Newsflash: it would have been A LOT slower and A LOT less painful. Trump wasn't actively working to destroy the middle class.
Posted on 6/16/22 at 8:51 am to Aubie Spr96
Well except it didn’t happen on his watch, and had he been given the four additional years he was elected, he very well may have transformed the country. It’s easy to think about how things might fall, but the evidence is in how they did. And I understand the hole seems impossible to get out of.
This post was edited on 6/16/22 at 8:53 am
Posted on 6/16/22 at 8:57 am to Padme
Inflation is only one part of the economic hell that’s been unleashed on us by this administration.
1) Destruction of the energy sector. You don’t really think Trump would’ve gone along with that do you?
2) Supply Chain meltdown: Trump would’ve cut regs to get things moving, mayor Pete has only added regulations when he could be bothered to leave his house
3) Consumer confidence. Even people who hated Trump knew he could keep the economy running. Most democrats now acknowledge Biden has no idea what he’s doing or how to fix this. People will invest if they have confidence in leadership, but not in a downturn where they don’t.
Some inflation was coming either way and the market was going to slow as soon as the QE ended, but it didn’t have to be like what we have now or what’s to come.
1) Destruction of the energy sector. You don’t really think Trump would’ve gone along with that do you?
2) Supply Chain meltdown: Trump would’ve cut regs to get things moving, mayor Pete has only added regulations when he could be bothered to leave his house
3) Consumer confidence. Even people who hated Trump knew he could keep the economy running. Most democrats now acknowledge Biden has no idea what he’s doing or how to fix this. People will invest if they have confidence in leadership, but not in a downturn where they don’t.
Some inflation was coming either way and the market was going to slow as soon as the QE ended, but it didn’t have to be like what we have now or what’s to come.
Posted on 6/16/22 at 9:00 am to The Pirate King
No mean tweets you racist.
Posted on 6/16/22 at 9:04 am to The Pirate King
Let's go Brandon! 
Posted on 6/16/22 at 9:07 am to Aubie Spr96
quote:
no mean tweets
News flash: Mean tweets weren't stopping this pain train. It might have been a little slower and less painful, but it was still coming.
Totally disagree. I think the rate of inflation under a 2nd Trump term would have been in the 5-6% range due to the Covid19 freak out. Trump wouldn’t have spent another $4 trillion and energy prices wouldn’t be at historic levels because 2-3 million barrels of US/Canada produced oil would still be on the global market. In addition the O&G sector wouldn’t be hesitant to invest in exploration and production because Trump’s administration would not be hostile towards their efforts.
If Biden truly wanted to hurt Putin he would max out US O&G production to drive down energy prices and he could order domestic O&G companies to do just that by decree and by easing all environmental restrictions and by making all Federal land open for leases.
This post was edited on 6/16/22 at 9:12 am
Posted on 6/16/22 at 9:16 am to Aubie Spr96
quote:
News flash: Mean tweets weren't stopping this pain train. It might have been a little slower and less painful, but it was still coming.
While I agree it was coming (this is after all how cycles work) we would have had someone who at least had the appearance of caring and doing something about it.
Posted on 6/16/22 at 9:18 am to The Pirate King
I'm glad I transferred all of my 401K existing and future investments into a money market fund. At least I can preserve previous gains until we reach a bottom. I know timing the bottom is almost impossible but I believe it is pretty clear we have a lot lower to go due to obvious inflation that will continue through the fall. Inflation and the Federal Reserve's response to it will slow the economy and continue this downward trend on Wall Street for awhile. At this time my prediction for floor on the DOJ is 18,000 (it won't stay there long)...that's my reentry point (subject to change on new data).
Posted on 6/16/22 at 9:53 am to jonnyanony
quote:
While I agree it was coming (this is after all how cycles work) we would have had someone who at least had the appearance of caring and doing something about it.
I agree with that.
The gov't (including Trump) inflated this economy on free money. It was always gonna end.
Posted on 6/16/22 at 9:58 am to tide06
quote:
Inflation is only one part of the economic hell that’s been unleashed on us by this administration.
1) Destruction of the energy sector. You don’t really think Trump would’ve gone along with that do you?
2) Supply Chain meltdown: Trump would’ve cut regs to get things moving, mayor Pete has only added regulations when he could be bothered to leave his house
3) Consumer confidence. Even people who hated Trump knew he could keep the economy running. Most democrats now acknowledge Biden has no idea what he’s doing or how to fix this. People will invest if they have confidence in leadership, but not in a downturn where they don’t.
Some inflation was coming either way and the market was going to slow as soon as the QE ended, but it didn’t have to be like what we have now or what’s to come.
Good post.
The current administration seems focused with regard to business and industry on unions, diversity/equity/inclusion, and environmental matters, and various international "concerns" - all of which are just exacerbating these issues.
I'm seeing nothing concrete done to actually address ANYTHING or to help private industry to so.
If I'm missing something, I'd welcome someone pointing it out.
Posted on 6/16/22 at 9:59 am to Aubie Spr96
quote:
News flash: Mean tweets weren't stopping this pain train. It might have been a little slower and less painful, but it was still coming.
The Trump administration was actually blindsided by Wu Flu and then democrats who put a knife in the back of economy with shut downs so they could pin it all on Trump, AND YET…
Biden, who was gifted vaccines, and a country and world that was ready to open and put it behind us, still took a hatchet to the very basis of our economy, O&G, while spending trillions (and tried to get more, and still is).
So don’t play this whataboutism bullshite with Trump. We have Biden who has fricked over the country in ways it may take us a generation or more to recover from.
Posted on 6/16/22 at 10:02 am to Paddyshack
quote:
Trump wasn't actively working to destroy the middle class.
He was doing the exact opposite, actually
Posted on 6/16/22 at 10:06 am to Aubie Spr96
quote:
The gov't (including Trump) inflated this economy on free money. It was always gonna end.
Before covid the economy was getting healthy enough to wind down all the money printing after the 2008 financial crisis and into the Obama years.
The Federal Reserve continued to print as Biden was elected and are now finally tapering due to inflation. The problem is Biden regulatory and fiscal policy is adding fuel to the inflation fire.
Biden is pouring gasoline on the fire. If Trump were in the White House he'd be pouring water on the fire (mostly by reducing regulations and increasing energy supply).
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News