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08-20-2020, 07:06 AM #31
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08-20-2020, 08:00 AM #32
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08-20-2020, 11:03 AM #33
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08-20-2020, 12:55 PM #34
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08-20-2020, 01:23 PM #35
Why cherry pick and throw the 14k number out there though? Was that what it was at when Obama took office?
No, it was at 8k.
Also - I would argue that it is much harder to dig out of a hole and stop/reverse the negative momentum (2008/09) than it is to inherit a train moving full steam ahead with positive momentum and keep it on track (2016).
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08-20-2020, 07:28 PM #36
The current monetary policy has kept the economy afloat better than Obama ever did. Cash for clunkers? 100 billion was wasted on solar energy companies, then the Chinese came in and bought them. Remember Solyndra? Obama gave them 500+million alone and they walked away with the money. The company then traded hands a few times, then they started an LLC in Delaware if that tells you anything.
Obama didn't give any American a stimulus unless you were a banker or CEO, so let's get real.
All these policies from Trump and Obama are putting us in debt, but at least Trump has the right cabinet to make better use of the money and recover the economy extremely quickly compared to Obama where the average people had to fend for themselves.Last edited by _zman; 08-20-2020 at 07:34 PM.
★★★ A State of Trance Crew ★★★
♞♞♞ Misc Horse Head Crew ♞♞♞
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08-21-2020, 06:27 AM #37
If you still to this day cannot see on your own what a total disaster this president has been in so many ways, I don't know what else to say. How many more intelligent, way more accomplished than any of us will ever be, lifelong republicans have to sound the alarm to try to get people to do some basic critical thinking and understand this?
https://www.reuters.com/article/us-u...-idUSKBN25G2C5
How is it not obvious even without them having to smack people upside their heads? It's a true indictment on us.
Call me a lib or dem or any other zinger. I've been a registered republican for 17 years now but this circus cannot go on.
I'll exit this now. I know there is no changing anyone's minds online, especially on this topic.
Back to the original topic, if Biden does end up winning I guess we'll get our answer soon if the market is going to collapse.
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08-23-2020, 07:54 PM #38
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08-25-2020, 09:55 AM #39
Lincoln Project RINO POS. You're worse than a Liberal.
Guy has been a tremendous president despite the hurricane head winds.
Overhauled the judicial system by nominating judges who will not legislate from the bench
Deregulated to crank up the economy
Now the world's largest producer of oil
Stock Market at all time highs
ISIS obliterated
Out of the Iran Deal
Holding China Accountable.
Unemployment pre covid lowest since 1969
But let's have statesman like Jeff Flake and Mitt Romney, 2 inept idiots.
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08-29-2020, 02:57 AM #40
No, when you flood the system with liquidity like this, almost any price on equities is rational compared to holding even more extremely overpriced, generational bubble level bonds and even more all time bubble levels on cash/liquidity.
Most likely right now, equities are extremely under valued on a relative valuation compared to what else you can hold. I mean we have a process going on right now of making everything but our largest businesses practically worthless so you should invest accordingly. People are extremely slow to react to regime shifts and structural breaks.
It doesn't matter who gets elected because if you start taxing equities at a higher rate, people are just going to sell less.
The volatility and bumpy ride is going to be when the Fed has to unwind the positions it has taken.
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08-30-2020, 01:29 PM #41
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