frenchy Posted March 13, 2020 Share Posted March 13, 2020 Just now, AKIQPilot said: True and I wasn't one of those either. Like many, I’ve been anticipating a correction for months and positioned myself accordingly. I have never been excited or giddy about other peoples misery though like Ben, Spin and noggin. not saying you were but it was the prevailing narrative in these parts. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 (edited) 4 minutes ago, frenchy said: hey, all the trump ball lappers here claimed everything was great when the market was flying high off of nothing other than tax cuts and deficit spending and laughed at the notion that a more measured approach would be better. I think they had an acronym for it. TDS maybe? The vast majority of this hit in the market was due to the virus and oil war between Russia and SA. This is far beyond a correction because of overvalued stocks with UE and consumer spending still extremely strong. Edited March 13, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted March 13, 2020 Share Posted March 13, 2020 Just now, Highmark said: Just unreal isn't it? Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 13, 2020 Share Posted March 13, 2020 (edited) 2 minutes ago, Highmark said: The vast majority of this hit in the market was due to the virus and oil war between Russia and SA. yep, and? That is why you don't run trillion dollar + deficits in a strong economic expansionary period, force the fed to bottom out rates, and introduce tax cuts that you can't afford so you can brag about an artificially inflated market being all your doing. Duh. Edited March 13, 2020 by frenchy 3 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 Just now, AKIQPilot said: Just unreal isn't it? Self awareness isn't his thing. From his bigoted language to his constant bashing of a sled model to loving it shortly there after. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 (edited) 2 minutes ago, frenchy said: yep, and? That is why you don't run trillion dollar + deficits in a strong economic expansionary period and introduce tax cuts that you can't afford so you can brag about an artificially inflated market being all your doing. Duh. So what impact did deficits have on the .com crash? Please give us your insight oh amazing Kreskin. We ran massive deficits all thru the expansion period under Obama. I'm not saying or defending deficits but your connection of them to the market isn't necessarily correct. Edited March 13, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 13, 2020 Share Posted March 13, 2020 Just now, Highmark said: So what impact did deficits have on the .com crash? Please give us your insight oh amazing Kreskin. there's never been this level of deficit spending outside of a recession or wartime situation. Ever. Not even close. Sorry that simple fact continues to elude you. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 Just now, frenchy said: there's never been this level of deficit spending outside of a recession or wartime situation. Ever. Not even close. Sorry that simple fact continues to elude you. Really? Might want to look at 2010 to 2016. Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 13, 2020 Share Posted March 13, 2020 2 minutes ago, Highmark said: I'm not saying or defending deficits but your connection of them to the market isn't necessarily correct. I'm not connecting them to this market crash I'm saying they severely limit the government's ability to combat a downturn. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 Just now, frenchy said: I'm not connecting them to this market crash I'm saying they severely limit the government's ability to combat a downturn. Interest rates yes. QE and other measures I disagree. We had almost 3 full years of QT from 2016-2018. Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 13, 2020 Share Posted March 13, 2020 4 minutes ago, Highmark said: Really? Might want to look at 2010 to 2016. 2010-2012 spending were directly attributable to the financial crisis. Quote Link to comment Share on other sites More sharing options...
SSFB Posted March 13, 2020 Share Posted March 13, 2020 5 minutes ago, Highmark said: Really? Might want to look at 2010 to 2016. High in 2009-12 and then going down sharply. Then goes up again when Trump takes the reigns, pretty clear. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 10 minutes ago, frenchy said: there's never been this level of deficit spending outside of a recession or wartime situation. Ever. Not even close. Sorry that simple fact continues to elude you. It would mean being critical of Trump....ain’t going to happen. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 3 minutes ago, frenchy said: 2010-2012 spending were directly attributable to the financial crisis. 2 minutes ago, SSFB said: High in 2009-12 and then going down sharply. Then goes up again when Trump takes the reigns, pretty clear. And where were they in the crash of 2008? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 (edited) Just now, Jimmy Snacks said: It would mean being critical of Trump....ain’t going to happen. Been critical of Trump on spending all the time in here. Remember who controlled the budget starting in 2018. Edited March 13, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
motonoggin Posted March 13, 2020 Author Share Posted March 13, 2020 1 minute ago, Highmark said: And where were they in the crash of 2008? 2008 is on the chart dummy lol 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 Just now, motonoggin said: 2008 is on the chart dummy lol It was a rhetorical question jackass. Quote Link to comment Share on other sites More sharing options...
SSFB Posted March 13, 2020 Share Posted March 13, 2020 7 minutes ago, Highmark said: And where were they in the crash of 2008? $1.4 Trillion, during the 2nd worst economic crash on record. Meanwhile, right now we are running $1 Trillion deficits during bigly tremendous economic times. Not sure what you don't get. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted March 13, 2020 Author Share Posted March 13, 2020 Just now, SSFB said: $1.4 Trillion, during the 2nd worst economic crash on record. Meanwhile, right now we are running $1 Trillion deficits during bigly tremendous economic times. Not sure what you don't get. He doesn't want to get it, clearly. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 (edited) 4 minutes ago, SSFB said: $1.4 Trillion, during the 2nd worst economic crash on record. Meanwhile, right now we are running $1 Trillion deficits during bigly tremendous economic times. Not sure what you don't get. The deficits didn't jump until after the crash. FY 2008 budget ending sept 30 2008. Your 1.4 trillion budget deficit is FY 2009. Edited March 13, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 13, 2020 Share Posted March 13, 2020 2 minutes ago, Highmark said: The deficits didn't jump until after the crash. yeah, because that's when the spending goes on the books. Quote Link to comment Share on other sites More sharing options...
SSFB Posted March 13, 2020 Share Posted March 13, 2020 3 minutes ago, Highmark said: The deficits didn't jump until after the crash. Yeah, that's how it works. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 13, 2020 Platinum Contributing Member Share Posted March 13, 2020 Jesus is it retard day in here with you guys? Get back on the short bus. Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 13, 2020 Share Posted March 13, 2020 Just now, Highmark said: Jesus is it retard day in here with you guys? Get back on the short bus. you gotta be kidding. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 13, 2020 Share Posted March 13, 2020 Just now, frenchy said: you gotta be kidding. Are you new here? Quote Link to comment Share on other sites More sharing options...
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