The debt based economy.

[ActionfigureJoe]

How come no one sees this? Blink blink  

 

https://www.google.com/amp/s/www.newsweek.com/stock-market-1134867%3famp=1

 

[Rod]

This isn’t new thpin

[motonoggin]

I seem to recall someone talking about this here a while back...

 

[frenchy]

This is what happens when an administration has pretend economists in charge of fiscal policy. 

[Rod]

7 minutes ago, frenchy said:

This is what happens when an administration has pretend economists in charge of fiscal policy. 

Hashtag Trudeau 

[revkevsdi]

8 hours ago, Rod Johnson said:

Hashtag Trudeau 

How much corporate welfare Did Harper sign off on?   How much debt was Harper responsible for?

If the crash comes, I wonder how many will blame Obama. No doubt it will be the same ones that claimed Trump was the reason for the rise in the stock market blaming Obama when it dives. 

[ActionfigureJoe]

8 hours ago, frenchy said:

This is what happens when an administration has pretend economists in charge of fiscal policy. 

It’s not just the administration. Cable news financial gurus are completely dismissing this issue. This is very reminiscent of 2007 when the fbi was warning about lending fraud on a biblical scale. Meanwhile the talking heads were rattling on about the strong economy. 

[Rod]

37 minutes ago, revkevsdi said:

How much corporate welfare Did Harper sign off on?   How much debt was Harper responsible for?

If the crash comes, I wonder how many will blame Obama. No doubt it will be the same ones that claimed Trump was the reason for the rise in the stock market blaming Obama when it dives. 

All that was demanded by liberals during his minority years. Sorry abut your little man syndrome 

[Mainecat]

9 hours ago, ActionfigureJoe said:

How come no one sees this? Blink blink  

 

https://www.google.com/amp/s/www.newsweek.com/stock-market-1134867%3famp=1

 

I did....because history always repeats itself over and over.

Note- A Republican will always ignore a “hot” sign on a stove and burn himself.

[Rod]

27 minutes ago, ActionfigureJoe said:

It’s not just the administration. Cable news financial gurus are completely dismissing this issue. This is very reminiscent of 2007 when the fbi was warning about lending fraud on a biblical scale. Meanwhile the talking heads were rattling on about the strong economy. 

You guys were doing the same during the obama regime 

About the only leader in North America that was trying to stop it in the last 20 years was Harper

Trudeau and trump are doing the same thing. Dump a bunch of aimless cash into the economy then brag about how good the economy is doing. It doesn’t work that way

[Highmark]

14 minutes ago, Rod Johnson said:

You guys were doing the same during the obama regime 

About the only leader in North America that was trying to stop it in the last 20 years was Harper

Trudeau and trump are doing the same thing. Dump a bunch of aimless cash into the economy then brag about how good the economy is doing. It doesn’t work that way

Come on man....with interest rates near zero for the entire term nobody was borrowing money.

Much of the borrowing on the books are at extremely low interest rates.   

 

 

Edited September 26, 2018 by Highmark

[Mainecat]

Interest rate going up tomorrow.

[T1R9sledder]

2 minutes ago, Mainecat said:

Interest rate going up tomorrow.

And it's expected again in December....

[frenchy]

15 minutes ago, Rod Johnson said:

You guys were doing the same during the obama regime 

About the only leader in North America that was trying to stop it in the last 20 years was Harper

Trudeau and trump are doing the same thing. Dump a bunch of aimless cash into the economy then brag about how good the economy is doing. It doesn’t work that way

The difference is there was a reason for deficit spending and even tax cuts then. Problem is now once a recession hits (and it will), this admin has nothing it can do to help alleviate it or push through it because it's already been spending massively and cut taxes in a strong economy. Makes ZERO economic sense. 

[jtssrx]

Looming Debts LMAO. Not one of you MC, Slinger, SnowRetard, ActionJoe, complained about Obama Doubling the National debt. Not one of you. I don't like the republicans spending money we don't have. What can I do about it, When people Like the ones I mentioned have no issue with the spending an are unwilling to hold their party accountable??

[Mainecat]

Just now, jtssrx said:

Looming Debts LMAO. Not one of you MC, Slinger, SnowRetard, ActionJoe, complained about Obama Doubling the National debt. Not one of you. I don't like the republicans spending money we don't have. What can I do about it, When people Like the ones I mentioned have no issue with the spending an are unwilling to hold their party accountable??

Were you fuckin born yesterday? Do you know how Bush left the economy? There you go as usual blaming the new wife for the ex wife’s debt.

[jtssrx]

Just now, Mainecat said:

Were you fuckin born yesterday? Do you know how Bush left the economy? There you go as usual blaming the new wife for the ex wife’s debt.

So Obama was forced to double our Debt becuase of Bush? Explain to me how doubling the debt fixed anything? Why was the spending okay under Obama but not under trump? Why is debt all the sudden an issue? 

[Highmark]

All this debt taken on in the last 10 years is Trump's fault.   How many of gloom and doomers on here are actually taking action on this with your portfolio?  

Some highlights of the article.   Push for govt paid college.   Debt rising since last recession.    One expert predicted   worst recession we have seen in 10 years....no shit there hasn't been a recession so one will happen the size is the question.   Schiff also claimed In September 2009, with gold below $1,000 per ounce, Schiff said that he foresaw gold at over $5000 per ounce in the next couple years and that the stock market rally which began that year was a "rally in a bear market."^[29] As of 2016, the price of an ounce of gold has always been less than $2,200 and typically under $1,500. (last part from Wiki) 

https://mediabiasfactcheck.com/newsweek/

 

 

BUSINESS

Financial experts noted several ominous economic indicators, including skyrocketing student loans and U.S. household debts, that could predict a crash "worse than the Great Depression," according to a report in the New York Post. 

Goldman Sachs predicted that this year's U.S. fiscal outlook would be "not good," and that U.S. household debt had been increasing since the 2008 housing crisis led to American taxpayers bailing out the big banks. 

In 2018, experts said, a $247 trillion global debt will be the greatest cause of the next cataclysmic financial crash. Additionally, low wages and the U.S. national debt's steady rise are expected to drag down the economy. 

Economists downplayed recent positive indicators such as low unemployment and soaring business confidence, reiterating they wouldn't last through Trump's first term. At least one expert predicted that recent slides in housing and auto sales were the first step toward a U.S. recession.

Murray Gunn, chief of global research at Elliott Wave International, told the Post, "We think the major economies are on the cusp of turning into the worst recessions we have seen in 10 years. Should the [U.S.] economy start to shrink, and our analysis suggests that it will, the high nominal levels of debt will instantly become a very big issue." 

Experts cautioned that several economic markers had gotten much worse over the past decade, especially in regard to borrowed money. The U.S. household debt of $13.3 trillion is now far worse than it was during its 2008 peak, due primarily to mortgage lending.

Outstanding student loan debts have simultaneously increased from $611 billion of unpaid debt in 2008 to more than $1.5 trillion today. Automobile loans have far exceeded their 2008 peaks, sitting at about $1.25 trillion today, and unpaid credit card balances are just as high as the years leading up to the Great Recession.

Central bankers have also more than doubled global debt as they flooded national economies with cheap and easy money. In 2008, global debt sat at $177 trillion, in comparison to $247 trillion today.

“We won’t be able to call it a recession, it’s going to be worse than the Great Depression,” economic commentator Peter Schiff told the Post. “The U.S. economy is in so much worse shape than it was a decade ago.”

A widespread drop in spending and income means that default rates will likely worsen in coming years. Schiff also blamed the U.S. Federal Reserve and other central banks in part for the impending crisis.

“I think we are going to have a dollar crisis—you think the Turkish lira looks bad now, wait till you see when the dollar is imploding and we have a sovereign debt crisis in the U.S.,” Schiff told the Post. “The U.S. government is going to be given a choice between defaulting on the debt, or else massive runaway inflation.”

[frenchy]

2 minutes ago, Highmark said:

All this debt taken on in the last 10 years is Trump's fault.   How many of gloom and doomers on here are actually taking action on this with your portfolio?  

Some highlights of the article.   Push for govt paid college.   Debt rising since last recession.    One expert predicted   worst recession we have seen in 10 years....no shit there hasn't been a recession so one will happen the size is the question.   Schiff also claimed In September 2009, with gold below $1,000 per ounce, Schiff said that he foresaw gold at over $5000 per ounce in the next couple years and that the stock market rally which began that year was a "rally in a bear market."^[29] As of 2016, the price of an ounce of gold has always been less than $2,200 and typically under $1,500. (last part from Wiki) 

https://mediabiasfactcheck.com/newsweek/

 

 

BUSINESS

Financial experts noted several ominous economic indicators, including skyrocketing student loans and U.S. household debts, that could predict a crash "worse than the Great Depression," according to a report in the New York Post. 

Goldman Sachs predicted that this year's U.S. fiscal outlook would be "not good," and that U.S. household debt had been increasing since the 2008 housing crisis led to American taxpayers bailing out the big banks. 

In 2018, experts said, a $247 trillion global debt will be the greatest cause of the next cataclysmic financial crash. Additionally, low wages and the U.S. national debt's steady rise are expected to drag down the economy. 

Economists downplayed recent positive indicators such as low unemployment and soaring business confidence, reiterating they wouldn't last through Trump's first term. At least one expert predicted that recent slides in housing and auto sales were the first step toward a U.S. recession.

Murray Gunn, chief of global research at Elliott Wave International, told the Post, "We think the major economies are on the cusp of turning into the worst recessions we have seen in 10 years. Should the [U.S.] economy start to shrink, and our analysis suggests that it will, the high nominal levels of debt will instantly become a very big issue." 

Experts cautioned that several economic markers had gotten much worse over the past decade, especially in regard to borrowed money. The U.S. household debt of $13.3 trillion is now far worse than it was during its 2008 peak, due primarily to mortgage lending.

Outstanding student loan debts have simultaneously increased from $611 billion of unpaid debt in 2008 to more than $1.5 trillion today. Automobile loans have far exceeded their 2008 peaks, sitting at about $1.25 trillion today, and unpaid credit card balances are just as high as the years leading up to the Great Recession.

Central bankers have also more than doubled global debt as they flooded national economies with cheap and easy money. In 2008, global debt sat at $177 trillion, in comparison to $247 trillion today.

“We won’t be able to call it a recession, it’s going to be worse than the Great Depression,” economic commentator Peter Schiff told the Post. “The U.S. economy is in so much worse shape than it was a decade ago.”

A widespread drop in spending and income means that default rates will likely worsen in coming years. Schiff also blamed the U.S. Federal Reserve and other central banks in part for the impending crisis.

“I think we are going to have a dollar crisis—you think the Turkish lira looks bad now, wait till you see when the dollar is imploding and we have a sovereign debt crisis in the U.S.,” Schiff told the Post. “The U.S. government is going to be given a choice between defaulting on the debt, or else massive runaway inflation.”

fiscal policy should be a direct reflection of the state of the economy and a hedge against what will come based on economic indicators . Trump's is the exact opposite. 

[jtssrx]

Obama adds Debt = Bush's Fault

Trump adds Debt = Trumps Fault

 

 

[Highmark]

Just now, frenchy said:

fiscal policy should be a direct reflection of the state of the economy and a hedge against what will come based on economic indicators . Trump's is the exact opposite. 

Tax cuts have always increased tax revenue.   I do not support the increased spending in ANY portion of our govt but to say tax us while things are going good makes zero sense either.  

This is all about spending of which I agree is 25%+ higher than it needs to be.  

 

[frenchy]

3 minutes ago, jtssrx said:

Obama adds Debt = Bush's Fault

Trump adds Debt = Trumps Fault

 

 

you obviously have absolutely zero understanding of even the most basic principles of monetary policy. 

2 minutes ago, Highmark said:

Tax cuts have always increased tax revenue.   I do not support the increased spending in ANY portion of our govt but to say tax us while things are going good makes zero sense either.  

This is all about spending of which I agree is 25%+ higher than it needs to be.  

 

Putting his foot on the gas and spending like a drunken sailor when the economy was already humming along nicely will make the coming recession that much worse. Again, his recklessness has never before been seen. The price increases due to tariffs will be a nice icing on the cake too. 

Edited September 26, 2018 by frenchy

[Angry ginger]

1 minute ago, jtssrx said:

Obama adds Debt = Bush's Fault

Trump adds Debt = Trumps Fault

 

 

Obama inherited a crash Trump an economy growing pretty strong so yup.  Obama failed to be a strong confident leader for america but the early debt spending was not on him.  

 

 

 

 

[Anler]

While all of you finger pointing faggots argue over which team spent the most... The issue nobody is addressing (except Trump) is we off shored much of our manufacturing with shitty trade deals. Manufacturing is what creates real demand. Fair trade policy that makes an even playing field for domestic producers on the world market is what will make us stronger. 

And if any of you so called "conservatives" really give a shit about big govt spending then you/we need to condemn the out of control military spending and global fuckery that our govt is engaging in. Helping Israel and the Saudis secure oil and mineral reserves (on our dime and with our resources) all over the middle east is NOT in our best interest. 

[Anler]

4 minutes ago, jtssrx said:

Obama adds Debt = Bush's Fault

Trump adds Debt = Trumps Fault

 

 

Presidents dont spend money, congress does. Look who is running congress. Those are your spenders.