spin_dry Posted April 6, 2018 Share Posted April 6, 2018 https://www.cnbc.com/2018/04/06/guggenheim-investment-chief-scott-minerd-sees-a-recession-and-a-40-percent-plunge-in-stocks-ahead.html Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 6, 2018 Platinum Contributing Member Share Posted April 6, 2018 I don't believe he is correct. But I do see a down day for today. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 6, 2018 Share Posted April 6, 2018 This company is heavy into fixed income, bonds etc, who would benefit from market volatility. Lets incite fear and scare people into our firm, quite deceitful and unethical IMO. Yes there will be a recession forthcoming, just like the many before. and many after. 1 Quote Link to comment Share on other sites More sharing options...
Dave Posted April 6, 2018 Share Posted April 6, 2018 3 minutes ago, ArcticCrusher said: This company is heavy into fixed income, bonds etc, who would benefit from market volatility. Lets incite fear and scare people into our firm, quite deceitful and unethical IMO. Yes there will be a recession forthcoming, just like the many before. and many after. Its like predicting it will rain someday. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 6, 2018 Platinum Contributing Member Share Posted April 6, 2018 5 minutes ago, ArcticCrusher said: This company is heavy into fixed income, bonds etc, who would benefit from market volatility. Lets incite fear and scare people into our firm, quite deceitful and unethical IMO. Yes there will be a recession forthcoming, just like the many before. and many after. True , but the 3 major ingridients are not in place at this time. 1, high energy costs , a driving factor in a recent recessions 2, An overpriced housing market, prices are coming up, but I certainly wouldn't call the market overvalued. 3, A large number of people 5 yrs into a mortgage they cant afford. Not only have these people not been buying yet but even if they wanted to the inventory just isn't there. Once they do buy it will take a few yrs before they default. I believe we are still 5 yrs away from a recession. I may be wrong. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 6, 2018 Share Posted April 6, 2018 42 minutes ago, DAVE said: Its like predicting it will rain someday. Exactly. 37 minutes ago, steve from amherst said: True , but the 3 major ingridients are not in place at this time. 1, high energy costs , a driving factor in a recent recessions 2, An overpriced housing market, prices are coming up, but I certainly wouldn't call the market overvalued. 3, A large number of people 5 yrs into a mortgage they cant afford. Not only have these people not been buying yet but even if they wanted to the inventory just isn't there. Once they do buy it will take a few yrs before they default. I believe we are still 5 yrs away from a recession. I may be wrong. Like trying to time the markets, it doesn't work. But hey lets scare the crap out of dumb shits like RevkevSDI and lets profit from them while giving them back crumbs. Suckers needed. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 6, 2018 Platinum Contributing Member Share Posted April 6, 2018 1 minute ago, ArcticCrusher said: Exactly. Like trying to time the markets, it doesn't work. But hey lets scare the crap out of dumb shits like RevkevSDI and lets profit from them while giving them back crumbs. Suckers needed. Historicly they happen every 10 yrs , usually around the turn of the decade. Recession in 80 - 90 ,-2000. But the last one didn't fall into that timing. In large part because King George attempted to avoid the correction in 2000 . Therby putting off the inevitable , only to hit harder when it did hit. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 6, 2018 Author Share Posted April 6, 2018 (edited) 8 minutes ago, steve from amherst said: Historicly they happen every 10 yrs , usually around the turn of the decade. Recession in 80 - 90 ,-2000. But the last one didn't fall into that timing. In large part because King George attempted to avoid the correction in 2000 . Therby putting off the inevitable , only to hit harder when it did hit. It was massive fraud that lead to the 2008 collapse. The fbi warned everyone. Nobody listened. Edited April 6, 2018 by spin_dry Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 6, 2018 Platinum Contributing Member Share Posted April 6, 2018 Just now, spin_dry said: It was massive fraud that lead to the 2008 collapse. It was , based on a gamble. If people didn't default on their mortgages it would never have happened. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 6, 2018 Author Share Posted April 6, 2018 Just now, steve from amherst said: It was , based on a gamble. If people didn't default on their mortgages it would never have happened. Oh please. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 6, 2018 Platinum Contributing Member Share Posted April 6, 2018 2 minutes ago, spin_dry said: It was massive fraud that lead to the 2008 collapse. The fbi warned everyone. Nobody listened. Bush admin warned everyone in 2001 then didn't do enough to change it. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 6, 2018 Author Share Posted April 6, 2018 1 minute ago, Highmark said: Bush admin warned everyone in 2001 then didn't do enough to change it. Like when Cheney went on meet the press and bragged about all the new homeowners? Like that? Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 6, 2018 Share Posted April 6, 2018 13 minutes ago, spin_dry said: It was massive fraud that lead to the 2008 collapse. The fbi warned everyone. Nobody listened. So didn’t George Bush. People chortled with derision. Sounds like this guy is shilling fixed income investments. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 6, 2018 Share Posted April 6, 2018 1 minute ago, DriftBusta said: So didn’t George Bush. People chortled with derision. Sounds like this guy is shilling fixed income investments. Weren't you just extolling the virtues of annuities you're as shameless as mc Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 6, 2018 Author Share Posted April 6, 2018 1 minute ago, DriftBusta said: So didn’t George Bush. People chortled with derision. Sounds like this guy is shilling fixed income investments. If they were so concerned, why assign only 2 regulators to Lehman Bros? Incredible, isn’t it? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 6, 2018 Share Posted April 6, 2018 6 minutes ago, DriftBusta said: So didn’t George Bush. People chortled with derision. Sounds like this guy is shilling fixed income investments. You think? Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted April 6, 2018 Share Posted April 6, 2018 20 minutes ago, spin_dry said: Like when Cheney went on meet the press and bragged about all the new homeowners? Like that? Quote Link to comment Share on other sites More sharing options...
Momorider Posted April 6, 2018 Share Posted April 6, 2018 1 hour ago, ArcticCrusher said: This company is heavy into fixed income, bonds etc, who would benefit from market volatility. Lets incite fear and scare people into our firm, quite deceitful and unethical IMO. Yes there will be a recession forthcoming, just like the many before. and many after. That is SpinSpookfucks MO Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 6, 2018 Author Share Posted April 6, 2018 1 minute ago, Ez ryder said: what a bunch of lies that you swallowed. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 6, 2018 Share Posted April 6, 2018 Fuck this guy. Higher interest rates? interest rates have been low as fuck for 10 years now. Corporate debt defaults? Who is loaning these irresponsible faggots money? My bank runs a scope up my ass every month. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 6, 2018 Share Posted April 6, 2018 3 minutes ago, Ez ryder said: People should have went to prison for that fiasco. Theyre still doing it BTW.. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted April 6, 2018 Share Posted April 6, 2018 1 minute ago, spin_dry said: what a bunch of lies that you swallowed. what a liar you are the video is 3x as long as the time it took you to reply . so full of shit so blinded you refuse to watch clips of congressional testimony's of your heros shoving shit down your thought Quote Link to comment Share on other sites More sharing options...
Momorider Posted April 6, 2018 Share Posted April 6, 2018 1 minute ago, Ez ryder said: what a liar you are the video is 3x as long as the time it took you to reply . so full of shit so blinded you refuse to watch clips of congressional testimony's of your heros shoving shit down your thought 5 minutes ago, Momorider said: That is SpinSpookfucks MO Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 6, 2018 Author Share Posted April 6, 2018 1 minute ago, Ez ryder said: what a liar you are the video is 3x as long as the time it took you to reply . so full of shit so blinded you refuse to watch clips of congressional testimony's of your heros shoving shit down your thought It’s all bullshit for you low IQ types. Watch and learn, cocksucker. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted April 6, 2018 Share Posted April 6, 2018 1 minute ago, spin_dry said: It’s all bullshit for you low IQ types. Watch and learn, cocksucker. so you are saying the people in the video are lying? LOL that is true people like Frank always were full of shit and I am 100% sure you were sticking up for them at the time. you are a hack Quote Link to comment Share on other sites More sharing options...
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