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Economic News

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  • Independent
    Ft.myers, FL
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    Maindawg Wrote:

    What caused the economic collapse of 2007 ? Wall Street gambling ? Too much bad debt , created in a period easy money , caused by the tax cuts granted by Republicans ? Dodd Frank regulations forced the banks to stop the feeding frenzy.

    So the Republicans have removed the regulations and are allowing the banks to gamble again? Like they were doing in 1929 , selling bonds at such inflated rates that there is no actual value ?

    We know how this ends. We know the market will crash eventually . The way we fund our government is by selling bonds . We sell them every Monday to finance our debt.

    I believe the Republicans are trying bankrupt our government so they can destroy it and be rid of it . It's never been a secret . They intend to usher in a new era . An authoritarian government aligned with Russia and Putin. A one party government . The end of free press, a constitutional convention ,that they only need like two more states to call for will re write the entire law of America. Fascism is coming.unless we somehow can stop it , they fully intend to usher in fascism . The cowards are now running for cover , the rats are scurrying , but the snakes are ever defiant .

    Maindawg, I think you've got it right; sure Trump is an dictator in heart and soul; indeed he wants the same as Putin and other dictators. Yes, undoing these regulations is asking for an disaster.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    lonely bird Wrote:

    Inflation has been hovering around 2% so actual growth is around 1%. Wages still haven't budged much overall. Consumer debt is back up again.

    So, no, I don't think that it is a great economy.

    It is set up for a huge crash. Consider what you said above with a $25000 DOW. And the DOW is dollars. Somebody should be calling foul.
  • Independent
    Ft.myers, FL
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    Another Trump dirty trick:

    l.php

  • Center Left
    Independent
    Central, FL
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    Good share Dutch.

    -------

    "I’m not going to let Wall Street get away with murder. Wall Street has caused tremendous problems for us. We’re going to tax Wall Street.”

    It now seems that that was another major lie. Trump is using the presidency to stuff his pockets.

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    We (non billionaires) won't know the extent of the current mess of a president for years. Hopefully historical accountability will be there since current accountability can't be located. Brutally honest.

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Chet -- I suggest you spend some time learning about how the Dow Jones average is calculated and used as an economic indicator. Your posts are misleading. A start would be Wikipedia, Dow Jones Industrial Average.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Schmidt Wrote: Chet -- I suggest you spend some time learning about how the Dow Jones average is calculated and used as an economic indicator. Your posts are misleading. A start would be Wikipedia, Dow Jones Industrial Average.
    I have spent a lot of time trying to find out how the DOW develops their multiplier to get a real average of the DOW portfolio from $112 To $25,000. It is the best kept secret in the world. Make sure that you know that the 280319 DOW on the twelfth was $280319. The dollar sign is left off but the DOW is dollars.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Schmidt Wrote: Chet -- I suggest you spend some time learning about how the Dow Jones average is calculated and used as an economic indicator. Your posts are misleading. A start would be Wikipedia, Dow Jones Industrial Average.
    What makes you think I haven't spent time studying it. The divisor is the mysterious magic number.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Schmidt,

    "In an article in The Ex change, its monthly magazine, it blamed the most famous index of them all, the Dow-Jones industrial average, for much of the "pure nonsense" that is written about market trends."

    content.time.com/time/magazine/article/...

  • Center Left
    Independent
    Central, FL
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    Maybe if (delete - delete - delete) you and Jared could exchange phone numbers and then this whole site could be unnecessary. Instead of welcomed contribution.....

    A. Chase away the dozen remaining members

    I guess if you have all of the answers, other comments are just clutter.

    This site should encourage any participation.

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    No Chet. Not speaking towards you.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Maindawg Wrote:

    "What caused the economic collapse of 2007 ? Wall Street gambling ? Too much bad debt , created in a period easy money , caused by the tax cuts granted by Republicans ?"

    Here is what found about Graha:

    "Phil Graham was key in the 2008 collapse.

    “He also inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives like credit-default swaps from regulation by the Commodity Futures Trading Commission. Credit-default swaps took down AIG, which has cost the U.S. $150 billion thus far.”

    Read more: outsidethebeltway.com/phil_gramm_destro...

  • Independent
    Ft.myers, FL
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    The Dow hit 26,000 today; if I look at the "curve" of the last half year, it is getting too steep to maintain this upswing.

    I'm afraid a disaster is looming at the horizon; it will be an huge crash for sure, also because Trump has removed all the safeguards. Chet for your info. : The Dow is an "index", not indicated with a "$" sign.

  • Center Left
    Independent
    Central, FL
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    Uncertainty is a dangerous ingredient. Correction will happen. 3 days, 3 months or longer ? We just don't know.
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Dutch Wrote:

    The Dow hit 26,000 today; if I look at the "curve" of the last half year, it is getting too steep to maintain this upswing.

    I'm afraid a disaster is looming at the horizon; it will be an huge crash for sure, also because Trump has removed all the safeguards. Chet for your info. : The Dow is an "index", not indicated with a "$" sign.

    Dutch, They purposely avoid the dollar sign but:

    What are these points that the Dow is always gaining or losing?

    Investopedia › ask › answers


    The clever and resourceful Charles Dow broke everything into points rather than dollars. The points still represent dollars, but the ratio is not 1:1. This way .. "

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    The DOW should be criminalized immediately. There is absolutely no reason for it to hit 26k other than cause a buying frenzy thAt could precipitate crash. A crash only hurts small investers. If small investors would freeze their holdings they would come out ahead.

  • Strongly Liberal Democrat
    Democrat
    Portland, OR
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    TJ Wrote: Maybe if (delete - delete - delete) you and Jared could exchange phone numbers and then this whole site could be unnecessary. Instead of welcomed contribution.....
    Why in the world did you bring me into this conversation? I haven't even participated in it.