https://www.forbes.com/sites/dereksa...h=66436ddc5380
First the Trump cultists said we'd crash in 2021, then they said 2022, then 2023, then it got pushed to 2024. LMAO chad Biden absolutely BTFOing Trump cultists, gave zero chits about rate hikes, just took his dink out and said "do what you need to do". Meanwhile Trump was crying about .25 rate hikes LOL
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05-16-2024, 07:55 AM #1
DOW crosses 40k milestone; Biden economy PRAISED
Anti identity politics crew
Anti corporate welfare crew
Anti federal reserve crew
Anti central banking cartel crew
ETH millionaire crew
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05-16-2024, 08:02 AM #2
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05-16-2024, 08:03 AM #3
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05-16-2024, 08:03 AM #4
- Join Date: May 2006
- Location: Farmingville, New York, United States
- Age: 35
- Posts: 31,811
- Rep Power: 171960
Laaaaawd, I just got my 7th promotion and raise since Biden took office yesterday and I just heard through the grapevine that after this DOW milestone, the CEO is already talking about promoting me again already and is specifically giving credit to this Biden economy.
*Sit there and don't know what to do when people sing happy birthday to me crew*
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05-16-2024, 08:04 AM #5
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05-16-2024, 08:12 AM #6
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05-16-2024, 08:13 AM #7
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05-16-2024, 08:14 AM #8
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05-16-2024, 08:18 AM #9
- Join Date: Jan 2011
- Location: Ohio, United States
- Age: 38
- Posts: 8,045
- Rep Power: 207083
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05-16-2024, 08:20 AM #10
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05-16-2024, 08:26 AM #11
It's enormously impressive how well the Biden administration has navigated a very tumultuous landscape when literally every Trump cultist said we would crash hard. We had runaway inflation thanks to Trump's reckless spending which has been mostly contained at this point, while also maintaining low unemployment.
Trump cultists have been moving the goalposts since 2021 and it's frankly embarrassing at this point. You cannot in good faith still believe that Biden isn't navigating this effectively.Anti identity politics crew
Anti corporate welfare crew
Anti federal reserve crew
Anti central banking cartel crew
ETH millionaire crew
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05-16-2024, 08:28 AM #12
- Join Date: Jun 2005
- Location: Burning down the belt warehouse
- Posts: 13,032
- Rep Power: 117760
Philtard did, but 68 IQ makes you believe a lot of things.
Also, I just got my 7th promotion and raise since Biden took office yesterday and I just heard through the grapevine that after this DOW milestone, the CEO is already talking about promoting me again already and is specifically giving credit to this Biden economy.
<insert dancing Jon Stewart>
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05-16-2024, 08:35 AM #13
> markets crashed in 2019
> Fed bails out the repo market
> stocks have been on the rise since Obama, because any time crisis presents itself the Fed flushes the market with liquidity.
Downfall is we have massive inflation, with WS calling for rate cuts, which are inflationary.
Some metrics have a 3mma of 6% inflation.
The stock market doesn’t reflect the economy. Probably the most manipulated asset market other than real estate."I am a rational animal who occupies the intermediary position between angel and beast"
"The upper class is afforded their position by the collective burden the underclass must carry for them"
**Summer Walker Crew**
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05-16-2024, 08:41 AM #14
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05-16-2024, 08:43 AM #15
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05-16-2024, 08:45 AM #16
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05-16-2024, 08:46 AM #17
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05-16-2024, 08:48 AM #18
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05-16-2024, 08:52 AM #19
Per David Stockman
Aggregate Net Worth Gain, Q4 1989 to Q3 2023
Top 0.1% or 131,000 households (purple area): +$18.2 trillion or 11.4X.
Top 1.0% or 1.34 million households (black area): +$40.0 trillion or 9.5X.
Bottom 50% or 65.7 million households (blue area): +$3.7 trillion or 5.1X.
Net Worth Gain Per Household, Q4 1989 to Q3 2023
Top 0.1%: +$139 million each.
Top 1.0%: + $30 million each.
Bottom 50%: +$55,000 each.
Ratio of Top 0.1% Versus Bottom 50%: 2,500X"I am a rational animal who occupies the intermediary position between angel and beast"
"The upper class is afforded their position by the collective burden the underclass must carry for them"
**Summer Walker Crew**
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05-16-2024, 08:54 AM #20
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05-16-2024, 09:06 AM #21
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05-16-2024, 09:09 AM #22
Ok, the Dow is up 17% over the last 3 years. Not terrible, not good either (slower than inflation since then). 3 years ago was right when even Covid dictators had eased up a little and let schools and businesses open back up, so that timeline is a good gauge of the stock markets. The S&P has gone up about 25% in those 3 years, a little above inflation since then. Also not terrible. Also completely unremarkable for a recovery period.
Absent recessions, this is low growth.Light weight! Light weight baby!!!!
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05-16-2024, 09:12 AM #23
You are seriously one of the most stupid low IQ people I have ever wasted time reading their comments.
You should be banned from this forum and life in general for being so fuking stupid.
And the sad thing is you think Drumpf is going to save you from your unfortunate circumstances in life.
Do like a good cuckservative and pull yourself up by your own bootstraps rather than waiting for Drumpf to do it for you.
He ain’t going to save you from going bald."I am a rational animal who occupies the intermediary position between angel and beast"
"The upper class is afforded their position by the collective burden the underclass must carry for them"
**Summer Walker Crew**
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05-16-2024, 09:25 AM #24
Stupid comment. There are multiple reasons for the stock market melt up over the last 6 months, one of them being the federal and local governments spending like we're still in the pandemic. The Fed not announcing rate cuts has been stimulatory for the stock market. If you don't get it, good luck.
Light weight! Light weight baby!!!!
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05-16-2024, 09:25 AM #25
The stock market follows the fed, and nothing else. Each time "inflation" goes down the market goes up since investors anticipate the money printing to start again.
The money printing (and inflation) must start agai, soon. Its the only way the government can finance its debt.
So its not the stock market going up, its the dollar going down.The difference between a winner and a loser is
that when a loser loses, he gives up. Moore's law crew.
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05-16-2024, 09:31 AM #26
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05-16-2024, 09:47 AM #27
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05-16-2024, 09:50 AM #28
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05-16-2024, 09:54 AM #29
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05-16-2024, 09:58 AM #30
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