- 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
re: Until Biden schooled us last night, how many of you knew our economy was kicking arse....
Posted on 3/8/24 at 8:25 am to SelaTiger
Posted on 3/8/24 at 8:25 am to SelaTiger
quote:\
I don’t think the economy is as bad as some people want it to be.
Built on debt, but yes. It can keep humming if you keep adding to the deficit.
But there will have to be a reckoning or three.
The Federal Govt policy right now is to spend enough to keep it from crashing, and let your kids and grandkids figure out how to pay for it.
1
Posted on 3/8/24 at 8:26 am to TBoy
quote:
So what is the republican vision?
This is a hilarious question considering the vision you currently support, or should say the agenda to destroy America you support.
Posted on 3/8/24 at 8:27 am to TDTOM
quote:\
India's economy is the best in the world.
Theyre falling into the same fatal attraction as we did.
quote:
India budget focuses on tax relief and spending boost
Posted on 3/8/24 at 8:28 am to ronricks
quote:
Spoken like someone who isn't invested in the market. 24% gain(s) is not out of the question recently depending on what he is invested in.
Incorrect. I have been investing in the stock market since 1990. I am about to reap the benefits of those investments….soon.
Posted on 3/8/24 at 8:28 am to Tigahs24Seven
quote:
If this is "kicking arse" I would hate to see what bad looks like. God help our kids when they are our age..
My company laid off over 5,000 people yesterday. I'm sure they were thrilled to then hear from the president that the economy was doing great.
Posted on 3/8/24 at 8:29 am to RolltidePA
quote:
My company laid off over 5,000 people yesterday.
One of many.
Posted on 3/8/24 at 8:30 am to fjlee90
quote:Seriously doubtful!
But I think you knew that already.
Posted on 3/8/24 at 8:31 am to Pu2kph0
quote:
Incorrect. I have been investing in the stock market since 1990.
The past year has been great.
The previous three, not so much.
Even people who claim they made money since 2020 have lost a shite load in opportunity cost.
But dont expect the very average American to understand something that isnt superficial and an easily transferrable data point.
This post was edited on 3/8/24 at 8:32 am
Posted on 3/8/24 at 8:35 am to Diamondawg
quote:
But I think you knew that already.
Seriously doubtful!
Agree. T-boy just seens 24% in green and thinks its all good.
Thats like being on the tiniest island in the Pacific and trying to build a life.
Posted on 3/8/24 at 8:39 am to RogerTheShrubber
quote:Spot on. This is the first quarter where my total investments surpassed what I had in December 2021.
The past year has been great.
The previous three, not so much.
EDIT: And since TBoy doesn't understand innately, the buying power is significantly reduced due to inflation.
This post was edited on 3/8/24 at 8:41 am
Posted on 3/8/24 at 8:40 am to RogerTheShrubber
quote:Or opening a Christmas shoe box full of horse crap and thinks he's getting a pony.
Thats like being on the tiniest island in the Pacific and trying to build a life.
Posted on 3/8/24 at 8:40 am to Diamondawg
quote:
opening a Christmas shoe box full of horse crap and thinks he's getting a pony.
thats probably more T'boys speed.
This post was edited on 3/8/24 at 8:41 am
Posted on 3/8/24 at 8:42 am to RoyalWe
quote:
This is the first quarter where my total investments surpassed what I had in December 2021.
Yep. Prior to mid 2023, my three year composite was below 2.%
I actually lost money (not just declining rates) in 2020.
Posted on 3/8/24 at 8:46 am to RolltidePA
quote:
My company laid off over 5,000 people yesterday.
2025 (post election, no matter who wins) is going to be a bloodbath.
The Democrats are desperately trying to get over the hump and to that point. If they can get past this election, they'll hang on for a while.
This post was edited on 3/8/24 at 8:47 am
Posted on 3/8/24 at 8:46 am to RogerTheShrubber
quote:
T-boy is bragging about the investor economy which is booming because its built on debt.
Actually, you are ignoring reality. The stock market rally in Trump's first years was built on 0% unlimited money from the Fed. That was an investor rally built on debt because one could borrow a million dollars at near zero interest and make 4 or 5%, turning a profit on borrowed funds. It also poured money into the economy creating the conditions for the inflation that we have been fighting ever since.
At his point, the cost of borrowing is up to combat inflation. Folks can't afford to borrow just to passively invest. The market rally is based upon real earnings, not the drunken zero interest borrowing of the Trump years.
Posted on 3/8/24 at 8:54 am to Tigahs24Seven
U should open a 401k
Market is roaring and you need money to pay Trump lawyers
Market is roaring and you need money to pay Trump lawyers
Posted on 3/8/24 at 8:55 am to SDVTiger
Posted on 3/8/24 at 8:55 am to TBoy
quote:
T-boy is bragging about the investor economy which is booming because its built on debt.
Actually, you are ignoring reality.
Not at all. Youre bragging over making money when the federal govt is subsidizing your wealth
The economy since 2000 has been built on debt.
Its the Bush/Obama/Trump/Biden economy and its called Modern Monetary Theory.
quote:
Modern Monetary Theory (MMT) is a heterodox macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires12.
According to MMT, monetarily sovereign countries, which spend, tax, and borrow in a fiat currency that they fully control, are not operationally constrained by revenues when it comes to federal government spending2. In other words, such governments do not rely on taxes or borrowing for spending since they can print as much[ money as they need and are the monopoly issuers of the currency
This post was edited on 3/8/24 at 8:59 am
Posted on 3/8/24 at 9:00 am to Tmcgin
quote:
U should open a 401k
Market is roaring
I have 401ks
The economy wasnt roaring from 2020 - 2023. You lost money and
opportunity due to Govt fiscal policy, and you cant understand it.
to mansplain it to you simpletons, Fiscal policy dropped the value of a dollar 30%.
You made more, but it was worth far less.
This post was edited on 3/8/24 at 9:02 am
Posted on 3/8/24 at 9:03 am to RogerTheShrubber
quote:
Your economy is on life support if you still are deficit spending.
Its the literal definition. Your economy is propped up by debt, and is not "doing well."
I know you aren't a Trump guy, but all this board talks about is how great his economy was and we still had deficit spending. he actually increased the deficit.
Biden sucks dick and so does the economy, i just think it's funny the double standards. when Trump bragged about stock market being at an all time high it was because of his awesome economy
I'm voting for RFK because i'm sick of both parties increasing the deficit. I realize a lot of that is due to the financial crisis and covid, but the 2 parties are clearly owned by the bankers, so frick them. i'm spite voting
Page 4 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News