Irv Posted June 20, 2022 Share Posted June 20, 2022 It won't go down again today. Markets are closed. Thanks Demented Joke Biden and your loser buddies. What a Mess. 2 1 Link to comment Share on other sites More sharing options...
Tiberius Posted June 20, 2022 Share Posted June 20, 2022 Biden now in charge of making stocks go up! Irv is an idiot 1 Link to comment Share on other sites More sharing options...
Irv Posted June 20, 2022 Author Share Posted June 20, 2022 (edited) 12 minutes ago, Tiberius said: Biden now in charge of making stocks go up! Irv is an idiot I won't stoop to your level and call you names. Demented Joke Biden's record: Stock Market FAIL! Inflation FAIL! Crime FAIL! Gas Prices FAIL! Supply Chain FAIL! Ukraine FAIL! Afghanistan FAIL! Iran FAIL! North Korea FAIL! China FAIL! Border FAIL! Energy Policy FAIL! COVID FAIL! Race Relations FAIL! Baby Formula FAIL! Build Back Better FAIL! Labor Shortages FAIL! Hunter FAIL! Supreme Court Appointment FAIL! Transgender Athletics FAIL! 2022 Midterms FAIL! What a mess. Edited June 20, 2022 by Irv 1 Link to comment Share on other sites More sharing options...
Tiberius Posted June 20, 2022 Share Posted June 20, 2022 1 hour ago, Irv said: I won't stoop to your level and call you names. Demented Joke Biden's record: Stock Market FAIL! Inflation FAIL! Crime FAIL! Gas Prices FAIL! Supply Chain FAIL! Ukraine FAIL! Afghanistan FAIL! Iran FAIL! North Korea FAIL! China FAIL! Border FAIL! Energy Policy FAIL! COVID FAIL! Race Relations FAIL! Baby Formula FAIL! Build Back Better FAIL! Labor Shortages FAIL! Hunter FAIL! Supreme Court Appointment FAIL! Transgender Athletics FAIL! 2022 Midterms FAIL! What a mess. Beating Trump in the election? Success!! Beating Putin's arse in Ukraine? Success! Full employment? Success! Labor shortage is Biden's fault? I thought you clowns were saying we have open borders? 2 Link to comment Share on other sites More sharing options...
Westside Posted June 20, 2022 Share Posted June 20, 2022 29 minutes ago, Tiberius said: Beating Trump in the election? Success!! Beating Putin's arse in Ukraine? Success! Full employment? Success! Labor shortage is Biden's fault? I thought you clowns were saying we have open borders? Only a fool would consider this administration a success. 1 1 Link to comment Share on other sites More sharing options...
Jauronimo Posted June 20, 2022 Share Posted June 20, 2022 5 minutes ago, Westside said: Only a fool would consider this administration a success. This thread is as juvenile as it gets. Wouldn't you agree? Link to comment Share on other sites More sharing options...
Coffeesforclosers Posted June 20, 2022 Share Posted June 20, 2022 5 minutes ago, Jauronimo said: This thread is as juvenile as it gets. Wouldn't you agree? Its a great chance to virtue signal though. 1 Link to comment Share on other sites More sharing options...
Westside Posted June 20, 2022 Share Posted June 20, 2022 3 minutes ago, Jauronimo said: This thread is as juvenile as it gets. Wouldn't you agree? No worse than most of the threads on here. If it bothers you so much just pretend bstime or tibs started the thread. Then you would automatically love it! Don’t you agree bstime threads are as juvenile as it gets? 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted June 20, 2022 Share Posted June 20, 2022 9 minutes ago, Jauronimo said: This thread is as juvenile as it gets. Wouldn't you agree? Your guy’s in charge now…enjoy the ride! Link to comment Share on other sites More sharing options...
Jauronimo Posted June 20, 2022 Share Posted June 20, 2022 3 minutes ago, Westside said: No worse than most of the threads on here. If it bothers you so much just pretend bstime or tibs started the thread. Then you would automatically love it! Don’t you agree bstime threads are as juvenile as it gets? I agree, their threads are often juvenile and add little to nothing to the discourse. Just now, SoCal Deek said: Your guy’s in charge now…enjoy the ride! My guy wasn't on the ballot. Link to comment Share on other sites More sharing options...
ChiGoose Posted June 20, 2022 Share Posted June 20, 2022 PPP logic: Bad thing happens: President is on my team: It's not the president's fault! President is not on my team: It's the president's fault! Good thing happens: President is on my team: Look how great my president is! President is not on my team: The president had no hand in this! Maybe try some root cause analysis sometime. Might make these conversations better instead of the usual trolls just trolling each other. 3 1 1 Link to comment Share on other sites More sharing options...
Coffeesforclosers Posted June 20, 2022 Share Posted June 20, 2022 (edited) 45 minutes ago, ChiGoose said: PPP logic: Bad thing happens: President is on my team: It's not the president's fault! President is not on my team: It's the president's fault! Good thing happens: President is on my team: Look how great my president is! President is not on my team: The president had no hand in this! Maybe try some root cause analysis sometime. Might make these conversations better instead of the usual trolls just trolling each other. Trolls trolling is how PPP works though. Any substantive posting has to be interpreted through the "Libs vs MAGA" lens. It's how they shape all narratives and dominate all dialogue. Edited June 20, 2022 by Coffeesforclosers Link to comment Share on other sites More sharing options...
Doc Posted June 20, 2022 Share Posted June 20, 2022 Good think he's taking responsibility for any of it. The libs hated it when Trump didn't take responsibility for Wuhan virus. 2 Link to comment Share on other sites More sharing options...
Westside Posted June 20, 2022 Share Posted June 20, 2022 I’m not a fan of the Republican Party by any means, Lorcc do knows they are a spineless group of thieves and liars. The Democratic Party on the other hand are run by a small group of scumbags who want to fundamentally destroy the American way of life while making huge profits off their political position at the expense of the American citizens. Republicans are just as guilty of using their political position to enrich themselves. But there is something dark and sinister controlling the Democratic Party at this moment. Having grown up a life long democrat, I do not support the party any longer. Doesn’t mean I support the right, no thank you. The Marxist trolls on here masquerading as democrats are living proof of the dark turn the party has taken. I’m hoping sanity will prevail and ALL the leaders on both sides of the aisle are replaced by more moderate candidates. I’m afraid if that doesn’t happen, then we are doomed as a country to fall. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted June 20, 2022 Share Posted June 20, 2022 4 hours ago, Jauronimo said: My guy wasn't on the ballot. OK....now I'm dying to find out....who's your guy, and how is he 'anyone's guy' if he wasn't on the ballot. Literally everyone with a pulse ran in the last Primary. Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted June 20, 2022 Share Posted June 20, 2022 4 hours ago, ChiGoose said: PPP logic: Bad thing happens: President is on my team: It's not the president's fault! President is not on my team: It's the president's fault! Good thing happens: President is on my team: Look how great my president is! President is not on my team: The president had no hand in this! Maybe try some root cause analysis sometime. Might make these conversations better instead of the usual trolls just trolling each other. 3 hours ago, Coffeesforclosers said: Trolls trolling is how PPP works though. Any substantive posting has to be interpreted through the "Libs vs MAGA" lens. It's how they shape all narratives and dominate all dialogue. A microcosm of American politics. Root cause analysis is impossible, there is no source of truth or fact from which to base analysis. You’ve got Fox News and MSNBC and all their respective biased partners just shouting their narratives at each other in their own vacuum. Link to comment Share on other sites More sharing options...
ChiGoose Posted June 20, 2022 Share Posted June 20, 2022 1 minute ago, Over 29 years of fanhood said: You’ve got Fox News and MSNBC and all their respective biased partners just shouting their narratives at each other in their own vacuum. The best thing anyone can do to stay informed is turn off cable news. Link to comment Share on other sites More sharing options...
Doc Posted June 20, 2022 Share Posted June 20, 2022 51 minutes ago, SoCal Deek said: OK....now I'm dying to find out....who's your guy, and how is he 'anyone's guy' if he wasn't on the ballot. Literally everyone with a pulse ran in the last Primary. I'm calling it: Andrew Yang. Link to comment Share on other sites More sharing options...
boyst Posted June 20, 2022 Share Posted June 20, 2022 7 hours ago, Jauronimo said: I agree, their threads are often juvenile and add little to nothing to the discourse. My guy wasn't on the ballot. Why did it have to be a guy? Sexist 😁 Link to comment Share on other sites More sharing options...
Irv Posted June 21, 2022 Author Share Posted June 21, 2022 4 hours ago, Doc said: I'm calling it: Andrew Yang. Yank has no shot. They’re going to trot Hillary out there. What a mess. Link to comment Share on other sites More sharing options...
Doc Posted June 21, 2022 Share Posted June 21, 2022 21 minutes ago, Irv said: Yank has no shot. They’re going to trot Hillary out there. What a mess. I meant last election. And Hilly? LOL! I hope they do. Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 21, 2022 Share Posted June 21, 2022 (edited) Your ECON 101 exam: The top line is the S&P 500 since Biden's inauguration. - 3% The middle line is the EAFE since Biden's inauguration. - 18% The bottom line is EEM since Biden's inauguration. - 28% Discuss. Extra Credit: Do the same for gas prices in the USA vs. Europe vs. Japan vs. Emerging Markets. Extra Extra Credit: Do the same for inflation rates. Edited June 21, 2022 by The Frankish Reich Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted June 21, 2022 Share Posted June 21, 2022 (edited) 10 hours ago, The Frankish Reich said: Your ECON 101 exam: The top line is the S&P 500 since Biden's inauguration. - 3% The middle line is the EAFE since Biden's inauguration. - 18% The bottom line is EEM since Biden's inauguration. - 28% Discuss. Extra Credit: Do the same for gas prices in the USA vs. Europe vs. Japan vs. Emerging Markets. Extra Extra Credit: Do the same for inflation rates. On face value it might be concluded the US economy is doing "better" than the rest of the world. And that may be correct. The cleanest pig in the mud hole scenario. But the more important question on the price movements of the market indexes is "why" rather than "what". For me it boils down to interest rate decisions by various central banks and the relative changes in currency values and pairings. Most notably the US dollar vs. <other currencies> and the impact of economic sanctions as a result of the Ukraine war. The majors, the Euro, the Yen, the British Pound to mention a few are getting pummeled. The DOJ executed a market intervention overnight which only caused the Yen to sink further. These moves imply "money" coming out of these currencies and "into" the US dollar. Which partially explains the US markets over-performance. As the fed increases rates the Emerging Markets typically get hit the hardest. Most international loans are costed in dollars but they earn local currency on domestic sales. When the local currency falls it takes more local 'units" of currency to service borrowing. Professional investors normally flee these markets first. So crash, bang, boom goes their markets. The curious thing is one currency outperforming the US dollar is the Russian Ruble. Which for me implies the sanctions seeking to punish Russia are not working and are punishing allies and non-aligned countries more by sucking the life out of their economies and markets. A logical action might be to stop. But I'm not expecting that to happen anytime soon. My expectation is US Q222 GDP will print negative and given Q122 was negative the standard criteria of two consecutive quarters of negative GDP indicates a recession will be met. I don't know what these economists are talking about when they say they expect a recession in 2023 or 2024. Its here now. The fundamental question is how far is the Fed willing to go higher with interest rates and how high is high enough to blow everything up? My expectation is not much higher. Every one percent rise in rates adds about $300B to the annual interest expense on the US debt. So how is that going to be accounted for in the annual budget? Raise taxes? Doubtful. Cut spending somewhere else? Unlikely. Print more money? Winner! More inflation, higher unemployment, less output! I expect ultimately we're headed for an inflationary depression. One thing I've been accumulating lightly are larger capitalization gold and silver royalty and streamers like Franco-Nevada, Wheaton, and Royal Gold as I expect gold will be going much higher and these stocks will see capital gains along with generous dividend payments. Edited June 21, 2022 by All_Pro_Bills 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 21, 2022 Share Posted June 21, 2022 36 minutes ago, All_Pro_Bills said: On face value it might be concluded the US economy is doing "better" than the rest of the world. And that may be correct. The cleanest pig in the mud hole scenario. But the more important question on the price movements of the market indexes is "why" rather than "what". For me it boils down to interest rate decisions by various central banks and the relative changes in currency values and pairings. Most notably the US dollar vs. <other currencies> and the impact of economic sanctions as a result of the Ukraine war. The majors, the Euro, the Yen, the British Pound to mention a few are getting pummeled. The DOJ executed a market intervention overnight which only caused the Yen to sink further. These moves imply "money" coming out of these currencies and "into" the US dollar. Which partially explains the US markets over-performance. As the fed increases rates the Emerging Markets typically get hit the hardest. Most international loans are costed in dollars but they earn local currency on domestic sales. When the local currency falls it takes more local 'units" of currency to service borrowing. Professional investors normally flee these markets first. So crash, bang, boom goes their markets. The curious thing is one currency outperforming the US dollar is the Russian Ruble. Which for me implies the sanctions seeking to punish Russia are not working and are punishing allies and non-aligned countries more by sucking the life out of their economies and markets. A logical action might be to stop. But I'm not expecting that to happen anytime soon. My expectation is US Q222 GDP will print negative and given Q122 was negative the standard criteria of two consecutive quarters of negative GDP indicates a recession will be met. I don't know what these economists are talking about when they say they expect a recession in 2023 or 2024. Its here now. The fundamental question is how far is the Fed willing to go higher with interest rates and how high is high enough to blow everything up? My expectation is not much higher. Every one percent rise in rates adds about $300B to the annual interest expense on the US debt. So how is that going to be accounted for in the annual budget? Raise taxes? Doubtful. Cut spending somewhere else? Unlikely. Print more money? Winner! More inflation, higher unemployment, less output! I expect ultimately we're headed for an inflationary depression. One thing I've been accumulating lightly are larger capitalization gold and silver royalty and streamers like Franco-Nevada, Wheaton, and Royal Gold as I expect gold will be going much higher and these stocks will see capital gains along with generous dividend payments. Thanks for the intelligent/informed comment. I think I agree with everything you said. I do continue to hold some gold (about 5-7% of my portfolio combined, both in the “already mined” ETFs and in the “still underground” gold mining corps) because I agree that the Fed will soon lack the will to go full Paul Volcker this time around. Link to comment Share on other sites More sharing options...
T&C Posted June 21, 2022 Share Posted June 21, 2022 On 6/20/2022 at 9:06 AM, Irv said: I won't stoop to your level and call you names. Demented Joke Biden's record: Stock Market FAIL! Inflation FAIL! Crime FAIL! Gas Prices FAIL! Supply Chain FAIL! Ukraine FAIL! Afghanistan FAIL! Iran FAIL! North Korea FAIL! China FAIL! Border FAIL! Energy Policy FAIL! COVID FAIL! Race Relations FAIL! Baby Formula FAIL! Build Back Better FAIL! Labor Shortages FAIL! Hunter FAIL! Supreme Court Appointment FAIL! Transgender Athletics FAIL! 2022 Midterms FAIL! What a mess. You left out bicycle riding. 2 Link to comment Share on other sites More sharing options...
Irv Posted June 22, 2022 Author Share Posted June 22, 2022 (edited) 21 hours ago, T&C said: You left out bicycle riding. Right! Updated list: Stock Market FAIL! Inflation FAIL! Crime FAIL! Gas Prices FAIL! Supply Chain FAIL! Ukraine FAIL! Afghanistan FAIL! Iran FAIL! North Korea FAIL! China FAIL! Border FAIL! Energy Policy FAIL! COVID FAIL! Race Relations FAIL! Baby Formula FAIL! Build Back Better FAIL! Labor Shortages FAIL! Hunter FAIL! Supreme Court Appointment FAIL! Transgender Athletics FAIL! 2022 Midterms FAIL! Saudi Foreign Relations FAIL! Bicycle Riding FAIL! Picking a Press Secretary FAIL! Picking a Cabinet FAIL! Reading a Teleprompter FAIL! Speaking Coherently FAIL! Completing a Full 40-Hour Work Week FAIL! Following Instructions From Whoever is Running The Executive Branch FAIL! Edited June 22, 2022 by Irv Link to comment Share on other sites More sharing options...
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