Platinum Contributing Member Highmark Posted December 18, 2018 Platinum Contributing Member Share Posted December 18, 2018 16 hours ago, revkevsdi said: So the market was being helped along by quantitive easing in both Obama and Trump’s time. Yet it appears to have stopped working. Record high deficits and the market is losing steam. Wrong. They changed course to quantitative tightening at the end of Obama's term. They also started bumping interest rates then but just at the end. The enthusiasm for Trump's win (and more so good economic numbers and earnings releases) caused a surge for a little over a year. Now the market is settling into those FED actions. Question is what is the bottom. Do some research if you don't know the details of QE before commenting. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted December 18, 2018 Share Posted December 18, 2018 39 minutes ago, Highmark said: Wrong. They changed course to quantitative tightening at the end of Obama's term. They also started bumping interest rates then but just at the end. The enthusiasm for Trump's win (and more so good economic numbers and earnings releases) caused a surge for a little over a year. Now the market is settling into those FED actions. Question is what is the bottom. Do some research if you don't know the details of QE before commenting. I’ve always considered artificially low interest rates to be part and parcel of quantitative easing. Granted they aren’t still buying up bonds and printing money but low interest rates still stimulate the stock market and economy. I guess it depends on what you call normal interest rates. I think it’s difficult to know what a normal rate is but I think they are still low IMO if the rates hit 6-7% housing and stocks are fucked. In the late 70’s /early 80’s people bragged about mortgages at those rates. It’s difficult to imagine what would happen if those rates came back let alone 10% What with government debt at all levels being so high, I doubt the politicians would let it happen. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 18, 2018 Share Posted December 18, 2018 8 minutes ago, revkevsdi said: I’ve always considered artificially low interest rates to be part and parcel of quantitative easing. Granted they aren’t still buying up bonds and printing money but low interest rates still stimulate the stock market and economy. I guess it depends on what you call normal interest rates. I think it’s difficult to know what a normal rate is but I think they are still low IMO if the rates hit 6-7% housing and stocks are fucked. In the late 70’s /early 80’s people bragged about mortgages at those rates. It’s difficult to imagine what would happen if those rates came back let alone 10% What with government debt at all levels being so high, I doubt the politicians would let it happen. Paper route money was good in a gic @20%. Sorry but there won't be any repeats anytime soon. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted December 18, 2018 Share Posted December 18, 2018 Just now, ArcticCrusher said: Paper route money was good in a gic @20%. Sorry but there won't be any repeats anytime soon. 10% now would be more devastating than 20% then. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 18, 2018 Platinum Contributing Member Share Posted December 18, 2018 (edited) 15 minutes ago, revkevsdi said: I’ve always considered artificially low interest rates to be part and parcel of quantitative easing. Granted they aren’t still buying up bonds and printing money but low interest rates still stimulate the stock market and economy. I guess it depends on what you call normal interest rates. I think it’s difficult to know what a normal rate is but I think they are still low IMO if the rates hit 6-7% housing and stocks are fucked. In the late 70’s /early 80’s people bragged about mortgages at those rates. It’s difficult to imagine what would happen if those rates came back let alone 10% What with government debt at all levels being so high, I doubt the politicians would let it happen. Rates were at least double 6-7% in the late 70's early 80's. I purchased my first home in 1994 and got 6.875% on a 15 year. My banker told me it was the first loan he'd ever written under 7% and he had been banking for a long time. My business sweep account use to draw 5-6%+ in the early 2000's. We've had strong economic times in the past with interest rates much higher than they are now. If rates hit 6-7% there will be some temporary pain no doubt. Not a chance that happening now. With QT going on rates will be cut if we see 3 quarters in a row of negative growth. I agree govt debt contributes to keeping rates low. Part of me yearns for 18% interest on loans because it means strong double digits for savings accounts and/or CD's. Yes chances are inflation is sky high but sit back a few years and only purchase what you need and let your cash do the rest. Edited December 18, 2018 by Highmark Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 18, 2018 Share Posted December 18, 2018 6 minutes ago, Highmark said: Rates were at least double 6-7% in the late 70's early 80's. I purchased my first home in 1994 and got 6.875% on a 15 year. My banker told me it was the first loan he'd ever written under 7% and he had been banking for a long time. My business sweep account use to draw 5-6%+ in the early 2000's. We've had strong economic times in the past with interest rates much higher than they are now. If rates hit 6-7% there will be some temporary pain no doubt. Not a chance that happening now. With QT going on rates will be cut if we see 3 quarters in a row of negative growth. I agree govt debt contributes to keeping rates low. Part of me yearns for 18% interest on loans because it means strong double digits for savings accounts and/or CD's. Yes chances are inflation is sky high but sit back a few years and only purchase what you need and let your cash do the rest. How much longer can RevBeta sit back and let his money do nothing? Quote Link to comment Share on other sites More sharing options...
Dave Posted December 18, 2018 Share Posted December 18, 2018 1 minute ago, ArcticCrusher said: How much longer can RevBeta sit back and let his money do nothing? Maybe its not his money to control... Quote Link to comment Share on other sites More sharing options...
Anler Posted December 18, 2018 Share Posted December 18, 2018 1 hour ago, Highmark said: Wrong. They changed course to quantitative tightening at the end of Obama's term. They also started bumping interest rates then but just at the end. The enthusiasm for Trump's win (and more so good economic numbers and earnings releases) caused a surge for a little over a year. Now the market is settling into those FED actions. Question is what is the bottom. Do some research if you don't know the details of QE before commenting. The bottom is 14,000 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 18, 2018 Platinum Contributing Member Share Posted December 18, 2018 7 minutes ago, Anler said: The bottom is 14,000 18,000 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted December 18, 2018 Share Posted December 18, 2018 1 hour ago, Anler said: The bottom is 14,000 I thought I was low at 16,000 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted December 18, 2018 Share Posted December 18, 2018 8 hours ago, Highmark said: Rates were at least double 6-7% in the late 70's early 80's. I purchased my first home in 1994 and got 6.875% on a 15 year. My banker told me it was the first loan he'd ever written under 7% and he had been banking for a long time. My business sweep account use to draw 5-6%+ in the early 2000's. We've had strong economic times in the past with interest rates much higher than they are now. If rates hit 6-7% there will be some temporary pain no doubt. Not a chance that happening now. With QT going on rates will be cut if we see 3 quarters in a row of negative growth. I agree govt debt contributes to keeping rates low. Part of me yearns for 18% interest on loans because it means strong double digits for savings accounts and/or CD's. Yes chances are inflation is sky high but sit back a few years and only purchase what you need and let your cash do the rest. What meant is the 6-7% rates that were left on 25 year mortgages from the 60’s were sought after in the early 80’s I wonder how many people could afford to pay 6% on their mortgages now. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 19, 2018 Share Posted December 19, 2018 37 minutes ago, revkevsdi said: What meant is the 6-7% rates that were left on 25 year mortgages from the 60’s were sought after in the early 80’s I wonder how many people could afford to pay 6% on their mortgages now. People will always find a way to royally screw themselves over, no matter. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted December 19, 2018 Share Posted December 19, 2018 (edited) 12 hours ago, ArcticCrusher said: People will always find a way to royally screw themselves over, no matter. Like buying into stock market bubbles, real estate bubbles and voting Republican? Edited December 19, 2018 by revkevsdi Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 19, 2018 Share Posted December 19, 2018 1 hour ago, revkevsdi said: Like buying into stock market bubbles, real estate bubbles and voting Republican? If that's your main entry point, then yes. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted December 19, 2018 Share Posted December 19, 2018 More winning. Maybe Trumpsters meant 3,000 not 30,000 Quote Link to comment Share on other sites More sharing options...
Anler Posted December 19, 2018 Share Posted December 19, 2018 Dang! Where is this Trump economy going? Bring back Obama! 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 20, 2018 Platinum Contributing Member Share Posted December 20, 2018 Dump.....more winning......stock market heading towards the shitter and 20+ investigations along with lie after lie after lie Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 20, 2018 Share Posted December 20, 2018 Great buying opportunities if you have a clue... Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 20, 2018 Share Posted December 20, 2018 10 minutes ago, SnowRider said: Dump.....more winning......stock market heading towards the shitter and 20+ investigations along with lie after lie after lie Mr. Shitfingers at work Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted December 20, 2018 Platinum Contributing Member Share Posted December 20, 2018 1 minute ago, DriftBusta said: Great buying opportunities if you have a clue... Dump planned it this way eh Woolie.... Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 20, 2018 Share Posted December 20, 2018 14 minutes ago, SnowRider said: Dump planned it this way eh Woolie.... Just keep pumping your 401k money into Stable Value bro! Quote Link to comment Share on other sites More sharing options...
Dave Posted December 20, 2018 Share Posted December 20, 2018 22 minutes ago, DriftBusta said: Great buying opportunities if you have a clue... Id say...but it will go lower before it goes up...not Obunga low though. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 20, 2018 Share Posted December 20, 2018 This is not a correction, this is not a sell-off, this is basically the market tanking. Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 20, 2018 Share Posted December 20, 2018 17 minutes ago, Polaris 550 said: This is not a correction, this is not a sell-off, this is basically the market tanking. It's a bear market and will be for a couple years......it happens Quote Link to comment Share on other sites More sharing options...
Guest Posted December 20, 2018 Share Posted December 20, 2018 3 minutes ago, f7ben said: It's a bear market and will be for a couple years......it happens Yup, I saw this before in 2007. Disaster. No other way to put it. I'm too fukken old to wait out another 10 years. Thank God, I live like a street bum, and have more shit than I can ever use. ( hunting, fishing, tools, equipments, truck, plows, cars, etc. ) Quote Link to comment Share on other sites More sharing options...
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