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Even MOAR cheap money demanded by Trump

By rd6B follow rd6B   2019 Oct 24, 9:01am 99 views   8 comments   watch   nsfw   quote   share    


https://twitter.com/realDonaldTrump/status/1187373187820130306?s=20

The Federal Reserve is derelict in its duties if it doesn’t lower the Rate and even, ideally, stimulate. Take a look around the World at our competitors. Germany and others are actually GETTING PAID to borrow money. Fed was way too fast to raise, and way too slow to cut!

I get that he wants for crash to happen after the election, and that he is doing the same as St. Obama and Bush did, but CHEAP!MONEY! is the cause of many problems we have, such as having zombie corporations and ability for govt to borrow moar and moar.
1   clambo   ignore (5)   2019 Oct 24, 10:29am     ↓ dislike (0)   quote   flag        

Yeah it's great if you own stock mutual funds; "don't fight the Fed" is a truism that means when interest rates are low, stocks become more popular.

My problem is I am now reluctant to take any $ out of my accounts to have some enjoyment because I feel I am going to miss out on the continuing stock market rally.

"You can't take it with you" so eventually I have to start spending it.

There may or may not be a "crash" but if I'm up 70% since Nov 2016 I won't mind a little bit of a haircut. So what?

I read somewhere that 40% of Americans don't have $400 saved up; what would a "crash" matter to those losers anyway?

Yeah, I said losers; if you live in the USA and you aren't saving any dough you are fucking up.
2   NoCoupForYou   ignore (5)   2019 Oct 24, 10:53am     ↓ dislike (0)   quote   flag        

6rdB says
I get that he wants for crash to happen after the election, and that he is doing the same as St. Obama and Bush did, but CHEAP!MONEY! is the cause of many problems we have, such as having zombie corporations and ability for govt to borrow moar and moar.


I think the he dollar is too expensive. Drives US exports, makes imports more expensive, and pays back debt with cheap dollars, which is why the Globalists hate it.
3   Hircus   ignore (0)   2019 Oct 24, 11:54am     ↓ dislike (0)   quote   flag        

clambo says
My problem is I am now reluctant to take any $ out of my accounts to have some enjoyment because I feel I am going to miss out on the continuing stock market rally.


Ya, I feel the same way. I don't feel deprived though because oddly I get real satisfaction from watching my accounts grow, and the feeling of security and freedom from future labor it gives me.

I actually do this weird thing where I don't view spending $100 as spending $100 - I view it as spending it's compounded value 10-20 years from now, so $200-400. Makes me even less likely to want to spend it.

I always tell myself it's better to spend near a top, and hunker down extra frugally near bottoms, but now that we're maybe approaching a top, I still don't really spend much.

It makes me wonder if I will ever loosen the purse strings. I have a target number, but I think I might reach it and change my mind, continuing to save and push for a new number.
4   OccasionalCortex   ignore (4)   2019 Oct 24, 12:30pm     ↓ dislike (0)   quote   flag        

6rdB says
Take a look around the World at our competitors. Germany and others are actually GETTING PAID to borrow money.


IF you think that is a good thing, then I am afraid I must inform you that you do not understand this topic as well as you think you do. :)
5   EBGuy   ignore (1)   2019 Oct 24, 12:44pm     ↓ dislike (0)   quote   flag        

Shiller's bullishness (if pat.net has a patron saint, it's him) definitely through me for a loop. Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market.
6   rd6B   ignore (1)   2019 Oct 24, 1:52pm     ↓ dislike (0)   quote   flag        

OccasionalCortex says
6rdB says
Take a look around the World at our competitors. Germany and others are actually GETTING PAID to borrow money.


IF you think that is a good thing, then I am afraid I must inform you that you do not understand this topic as well as you think you do. :)

That was a quote from Trump tweet, not my idea
7   OccasionalCortex   ignore (4)   2019 Oct 24, 2:10pm     ↓ dislike (0)   quote   flag        

6rdB says
That was a quote from Trump tweet, not my idea


...yeah, I was wondering.
8   clambo   ignore (5)   2019 Oct 24, 2:33pm     ↓ dislike (0)   quote   flag        

Hircus, now my other worry is taxes; I wasn't paying them to California for 5 years and now I live in CA again and so I'm going to hate paying the state taxes.

Maybe I will never really enjoy my investments out of greed and anti-California government sentiment.

I had a target figure in mind then I exceeded it last year so I am revising my "magic number" up another bunch but this may be absurd.

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