Spooooooky!!! Anyone else feel like we're in eerily similar times today as we were in 2007-2008. Only top 20% have more savings than pre Covid

[GnauzBookOfRhymes]

On God I've been saying since the first rate hike of this year at least that the Fed was playing politics with monetary policy because they hate Trump. Probably never voiced it in HL (maybe I have). Admittedly, Trump voicing his opinion on it today, def gave me some vindication I feel.

Secondly, if you think HRC's appointment of ANYONE would be the reason to keep rates low, you're an idiot. HRC would have been so friendly to Wall street they wouldn't have dared to touch rates, nut as under Obama.

Breh u must be trolling, or trying to have it both ways. How long have we been hearing from right wingers that the economy post recession was perpetually “weak” and that Obama didn’t deliver a recovery in therrue sense of the word. If that’s the case - that the economy was fundamentally much weaker than it is now, then WHY THE FUK WOULD YOU EXPECT THE FED TO HAVE RAISED INTEREST RATES?

Irrespective of whether it is right or wrong, it’s taken as a rule of thumb by the masters of the universe that when the economy is growing st high rates for a sustained period of time that rates will be raised.

The fed was talking about the fact that rates would start being gradually raised back in 2015. It’s just the paranoid style of trump to think that they are operating with him in mind.

 

[hashmander]

Breh u must be trolling, or trying to have it both ways. How long have we been hearing from right wingers that the economy post recession was perpetually “weak” and that Obama didn’t deliver a recovery in therrue sense of the word. If that’s the case - that the economy was fundamentally much weaker than it is now, then WHY THE FUK WOULD YOU EXPECT THE FED TO HAVE RAISED INTEREST RATES?

Irrespective of whether it is right or wrong, it’s taken as a rule of thumb by the masters of the universe that when the economy is growing st high rates for a sustained period of time that rates will be raised.

The fed was talking about the fact that rates would start being gradually raised back in 2015. It’s just the paranoid style of trump to think that they are operating with him in mind.

paranoid style of trump AND his supporters.

 

[Wild self]

I believe we had inverted yield curve at that point since like 06 ...normally after an inverted yield curve there is a recession around 2-3 years later

The 2 yr and 7 year are flattening...its normal economic business cycle I just hope the flash crash or recession happens after 2020 which if we aren't inverted yet recession or correction won't happen until 2021...we likely recover in a few months and it's not something remembered by the time 2024 happens

But I know you guys are rooting for an economic meltdown for political purposes

Republicans stay on code.

 

[FAH1223]

 

[Pressure]

No recession will be happening. . . BUT the Fed is definitely proving just how politicized they are. They would never be doing this under HRC as president for a fact. Apple doesn't like Trump, Google doesn't like Trump. . . But I bet that when I say the Fed and their respective banks hate Trump, everyone will say I'm crazy. The banks don't care if the American people have to suffer short term pain to send a political message.

Trump appointed the Fed Chair.

 

[DrBanneker]

 

[BillBanneker]

No, I'm not. In fact, I'm saying that irregardless of who is the Fed chair the Fed would be raising rates under Trump. . . The problem here is that you all really believe the Fed chair matters. . . The Fed chair is a puppet, Trump may too dumb to know that. . . The primary dealer banks and their banking family shareholders run things at the Fed. . . Always have. Call me whatever conspiracy nut, blah, blah you want.

All you dudes are undercover trump supporters, every excuse for this guy

Seems like a late market correction IMO, especially with the writing on the wall with europe and china slowing down, not to mention tariff-gate is going get moving.

I've been holding off on looking to buy a condo for a while now.

 

[DrBanneker]

I've been holding off on looking to buy a condo for a while now.

Hold off a it longer. All the big markets are starting to decline. You may get a good deal in a year.

But watch the language behind HOA fees. If a bunch of people foreclose and leave sometimes they raise the HOA on the remainders to make up the gap.

 

[hashmander]

you can make money when the market is trending downwards too.

 

[mastermind]

- The Washington Post

 

[hashmander]

video on that WP page above.

 

[GnauzBookOfRhymes]

Cramer says CEOs are telling him off the record the economy has quickly cooled

 

[phcitywarrior]

I've been noticing this as well. Everything seems pretty rosey. I'm focused on just stacking cash and keeping my expenses low. I have very little debt (under 2k) so I'm gucci.

Trumps tax cut allowed a lot of corporations repatriate a lot of cash to the US and either went to M&A or stock buybacks, which artificially inflate their stock prices and the market. Essentially "kicking the can" another 18-24 months.

2019 will be a telling year. 2020 may be when the real first blows start taking place.

 

[DrBanneker]

2019 will be a telling year. 2020 may be when the real first blows start taking place.

I wish I were as optimistic as you that we have that long. If something goes to shyt (i.e. Italy) it's a wrap.

 

[JustRob]

Which stocks we need to short?