2018 Debt Up $1.2trillion

MichaelScarn · 2018-10-02T12:28:57.595Z

ImRightYoureWrong:

Exactly. The tax cuts were a ■■■■■■■ terrible idea by almost every macroeconomic measure

It’s Peter Navarro and Wilbur Ross. They’re so out of touch with reality it’s terrifying. Of course Trump is too ■■■■■■■ stupid to understand why we can’t just print more money to pay our debts. (Not that that isn’t a new school of economic thought, but the dumbass doesn’t keep abreast of this stuff).

Jezcoe · 2018-10-02T12:35:55.865Z

MichaelScarn:

ImRightYoureWrong:

Exactly. The tax cuts were a ■■■■■■■ terrible idea by almost every macroeconomic measure

It’s Peter Navarro and Wilbur Ross. They’re so out of touch with reality it’s terrifying. Of course Trump is too ■■■■■■■ stupid to understand why we can’t just print more money to pay our debts. (Not that that isn’t a new school of economic thought, but the dumbass doesn’t keep abreast of this stuff).

Wilbur Ross knows exactly what he is doing. This is for the benefit of the Wilbur Ross’s of the world not the US at large.

koushi_shinigami · 2018-10-02T12:50:50.194Z

MichaelScarn:

Of course the timing of the next downturn will probably coincide with Democrats taking back congress, meaning they will do the adult thing and get ■■■■ under control

pfffft. BAAAAAHHAAHAHAHAHAHAAAAaaaaaaaaaa.

you owe me a new ■■■■■■■ keyboard.

Eagle-Keeper · 2018-10-02T13:00:24.903Z

MichaelScarn:

The truly terrifying thing is that we’re obviously in another bubble. When it pops, we have very few tools with which to do anything

I’m with you all on the debt and have been waiting to see if the Market will ever show concern. I consistently watch how gold trades and thus far UGLD is at a two year low. Until gold makes significant moves the Market is not concerned about the debt. Now regarding the economy being in a bubble, show me where a significant number of a economists are stating that we are “obviously in another bubble”? Here is something I found:

#### Mark Zandi, chief economist at Moody’s Analytics

The financial system is on much sounder ground than it was a decade ago, prior to the financial crisis, and much less likely to suffer another crisis, at least on the same scale.

Here is the whole article:

Vox – 18 Sep 18

How close are we to another financial crisis? 8 experts weigh in.

It’s been 10 years since Lehman Brothers collapsed, setting off a global recession that cost billions of dollars and millions of homes and jobs.

CaughtInTheMiddle · 2018-10-02T13:02:43.707Z

honestly, why would a billionaire con man care??

ImRightYoureWrong · 2018-10-02T13:21:57.813Z

Eagle-Keeper:

I’m with you all on the debt and have been waiting to see if the Market will ever show concern. I consistently watch how gold trades and thus far UGLD is at a two year low. Until gold makes significant moves the Market is not concerned about the debt. Now regarding the economy being in a bubble, show me where a significant number of a economists are stating that we are “obviously in another bubble”? Here is something I found:

#### Mark Zandi, chief economist at Moody’s Analytics

The financial system is on much sounder ground than it was a decade ago, prior to the financial crisis, and much less likely to suffer another crisis, at least on the same scale.

Well, everyone didnt think we were in a bubble in 2007. Most of the time bubbles are bubbles because people are over confident. That’s the nature of a bubble! If people weren’t confident in various sectors there wouldn’t be a bubble. Theres always a huge party before the crash.

DOLOOP · 2018-10-02T13:27:43.350Z

ImRightYoureWrong:

MichaelScarn:

The truly terrifying thing is that we’re obviously in another bubble. When it pops, we have very few tools with which to do anything

Fed has been raising rates so at least we arent at 0

They’re scared ■■■■■■■■■

Eagle-Keeper · 2018-10-02T13:33:34.129Z

ImRightYoureWrong:

Well, everyone didnt think we were in a bubble in 2007. Most of the time bubbles are bubbles because people are over confident. That’s the nature of a bubble! If people weren’t confident in various sectors there wouldn’t be a bubble. Theres always a huge party before the crash.

Economists and the Market learned from that. I’m sure you have heard the saying “the Market climbs a wall worry.” The subprime mortgage push was disaster waiting to happen, and there were a number of people who anticipated that. There is nothing going on economically that is even remotely similar. This doesn’t mean a recession won’t happen, but there is nothing I can see to claim that we are “obviously in a bubble.”

ImRightYoureWrong · 2018-10-02T13:57:33.090Z

Eagle-Keeper:

Economists and the Market learned from that. I’m sure you have heard the saying “the Market climbs a wall worry.” The subprime mortgage push was disaster waiting to happen, and there were a number of people who anticipated that. There is nothing going on economically that is even remotely similar. This doesn’t mean a recession won’t happen, but there is nothing I can see to claim that we are “obviously in a bubble.”

There is most definitely an equity bubble due to interest rates being so low. You say “the markets and economists” learned from that as if “the market” and “the economists” all meet up together on Wednesdays and coordinate. I’ve traded microcap stocks actively for over 5 years - you know what a pump/bubble looks like? Euphoria. Cracking open the champaign. Parabolic stock movements. P/E ratios in space.

Its called a bubble because everyone is pumping the sector. To say it’s not a bubble because everybody thinks everything is ok, well, kind of misses the point about why things are called bubbles.

We’ve been in a bull market for 10 years. You have NFLX, AMZN, AAPL and the likes propping up the market right now. Interest rates are beginning to rise so more money will start flowing out of equities and into bonds / savings.

It’s just the normal cycle man. Every 10-12 years, just look at history.

Before every recession everyone parties.

ImRightYoureWrong · 2018-10-02T14:00:05.750Z

Eagle-Keeper:

Economists and the Market learned from that. I’m sure you have heard the saying “the Market climbs a wall worry.” The subprime mortgage push was disaster waiting to happen, and there were a number of people who anticipated that. There is nothing going on economically that is even remotely similar. This doesn’t mean a recession won’t happen, but there is nothing I can see to claim that we are “obviously in a bubble.”

What sector right now has room to grow? Be specific as to why

Eagle-Keeper · 2018-10-02T14:15:33.430Z

ImRightYoureWrong:

There is most definitely an equity bubble due to interest rates being so low. You say “the markets and economists” learned from that as if “the market” and “the economists” all meet up together on Wednesdays and coordinate. I’ve traded microcap stocks actively for over 5 years - you know what a pump/bubble looks like? Euphoria. Cracking open the champaign. Parabolic stock movements. P/E ratios in space.

Its called a bubble because everyone is pumping the sector. To say it’s not a bubble because everybody thinks everything is ok, well, kind of misses the point about why things are called bubbles.

We’ve been in a bull market for 10 years. You have NFLX, AMZN, AAPL and the likes propping up the market right now. Interest rates are beginning to rise so more money will start flowing out of equities and into bonds / savings.

It’s just the normal cycle man. Every 10-12 years, just look at history.

Before every recession everyone parties.

You may very well be right. This quote I often hear is “that there is 100% chance that we are going to have another recession, I just don’t know when.” All I am saying is that there is nothing I have heard or read that many economists fear that a recession is imminent, or that there is any economic indicators saying that the economy is on shaky grounds. Furthermore I’m not giving my own opinion as noted when I referenced Mark Zandi (Mark Zandi, Chief Economist | Moody's Analytics).

Eagle-Keeper · 2018-10-02T14:20:07.469Z

ImRightYoureWrong:

What sector right now has room to grow? Be specific as to why

I don’t claim to be an economist so I can’t tell you that. Regarding the Market as whole I would agree that it is not undervalued at this point although you can find those who say confidently that it is fairly valued. We are now starting earnings season again so lets wait and see how companies report and what their guidance is.

MichaelScarn · 2018-10-02T14:23:25.772Z

Eagle-Keeper:

You may very well be right. This quote I often hear is “that there is 100% chance that we are going to have another recession, I just don’t know when.” All I am saying is that there is nothing I have heard or read that many economists fear that a recession is imminent, or that there is any economic indicators saying that the economy is on shaky grounds. Furthermore I’m not giving my own opinion as noted when I referenced Mark Zandi (Mark Zandi, Chief Economist | Moody's Analytics).

Forbes

The U.S. Is Experiencing A Dangerous Corporate Debt Bubble

Corporate debt has increased by over $2.5 trillion or 40% since its 2008 high, which was already a dangerously high level in its own right.

https://www.washingtonpost.com/business/economy/beware-the-mother-of-all-credit-bubbles/2018/06/08/940f467c-69af-11e8-9e38-24e693b38637_story.html?utm_term=.588e64ebffa4

Here are a couple of technical articles about the corporate tech bubble that should be concerning.

Eagle-Keeper · 2018-10-02T14:33:07.006Z

MichaelScarn:

Here are a couple of technical articles about the corporate tech bubble that should be concerning.

Hey thanks for the articles. Clearly that should absolutely raise concerns, time will tell. I would in no be shocked to see a market sell before the end of the year. For me getting back to the original point about the debt, as far as I’m concerned its all about how gold trades.

Blackwolf · 2018-10-02T14:38:29.001Z

You’ll get as much response from Trumpists here as has been seen in the “Kim and Donnie fall in love” thread.

Another day the deficit grows, another day the Tea Party Patriots sit on their hands and remain silent. Makes a person wonder what the Medicare Brigade’s protests against Obama were really about.

NuffSaid · 2018-10-02T15:15:48.658Z

Fleecing people is what con men do. Its unfortunate that this con man is fleecing the American people as a whole.

Apocalypto · 2018-10-02T15:28:07.153Z

30 yr mortgage rate avg is up to 4.50% and it’s not going to get lower.

ImRightYoureWrong · 2018-10-02T16:05:27.560Z

C’mon guys…we all know the real important issue is whether or not david Hogg tweeted people to boycott sponsors

mobiusptc · 2018-10-02T17:19:35.745Z

ImRightYoureWrong · 2018-10-02T17:33:46.819Z

Funny thread