jtssrx Posted November 17, 2020 Share Posted November 17, 2020 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 Simple. Tax cuts. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 17, 2020 Share Posted November 17, 2020 tight job market and the rich getting richer with Trumps tax plan therefore skewing the numbers. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 (edited) 3 minutes ago, Angry ginger said: tight job market and the rich getting richer with Trumps tax plan therefore skewing the numbers. Actually the largest gains were in the lowest income groups. They are also looking at median wages not average wages. Edited November 17, 2020 by Highmark 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member ViperGTS/Z1 Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 1 minute ago, Highmark said: Actually the largest gains were in the lowest income groups. Must have been all those low paying jobs created. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 Simple massive QE and easy credit Quote Link to comment Share on other sites More sharing options...
spin_dry Posted November 17, 2020 Share Posted November 17, 2020 16 minutes ago, Highmark said: Simple. Tax cuts. Yep. Shifted from wealth building to debt building. The national credit card was awesome Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 Just now, spin_dry said: Yep. Shifted from wealth building to debt building. The national credit card was awesome Yeah what am I thinking....the country never ran deficits before Trump. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted November 17, 2020 Share Posted November 17, 2020 4 minutes ago, Highmark said: Yeah what am I thinking....the country never ran deficits before Trump. Trump took it to an entirely new level. You know he has no difficulty running up debt. https://www.google.com/amp/s/www.forbes.com/sites/chuckjones/2020/02/01/trumps-deficits-are-racing-past-obamas/amp/ Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted November 17, 2020 Share Posted November 17, 2020 Too bad it’s not sustainable. Keynesianism is a helluva drug. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 5 minutes ago, spin_dry said: Trump took it to an entirely new level. You know he has no difficulty running up debt. https://www.google.com/amp/s/www.forbes.com/sites/chuckjones/2020/02/01/trumps-deficits-are-racing-past-obamas/amp/ I am a public works contractor, govt spending is the gas that fuels our market and actually does trickle down into everything else. We have had record years the last 3 years. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 Just now, XC.Morrison said: Too bad it’s not sustainable. Keynesianism is a helluva drug. Its a new math kinda market. Was listening to Cramer this morning and he said it. Traditional investing fundamentals have no use in todays market. Patience, value, discipline have zero use in todays market. Buy what is popular and run with it is a far more successful strategy! Just spend spend spend! and then PARTY!!!! 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted November 17, 2020 Share Posted November 17, 2020 3 minutes ago, Anler said: I am a public works contractor, govt spending is the gas that fuels our market and actually does trickle down into everything else. We have had record years the last 3 years. We put a real estate agent with bad manners in charge of the high office. It’s all expected. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 2 minutes ago, spin_dry said: We put a real estate agent with bad manners in charge of the high office. It’s all expected. Ill tell you what... In 2005 thru 2007 I was thinking to myself "WTF is going on here? This RE market makes no sense" Well we know what happened. We are looking at something similar now. Nothing is making sense. Record unemployment, record bankruptcies, record deficits, world wide pandemic, etc... And the stock market is reaching record highs. Real estate market is on fire. Please tell me this doesnt feel like a bubble... Quote Link to comment Share on other sites More sharing options...
spin_dry Posted November 17, 2020 Share Posted November 17, 2020 3 minutes ago, Anler said: Ill tell you what... In 2005 thru 2007 I was thinking to myself "WTF is going on here? This RE market makes no sense" Well we know what happened. We are looking at something similar now. Nothing is making sense. Record unemployment, record bankruptcies, record deficits, world wide pandemic, etc... And the stock market is reaching record highs. Real estate market is on fire. Please tell me this doesnt feel like a bubble... I’m not sure if it’s a total bubble. There’s a tremendous demographic shift occurring right now. This is the age of working remotely. People are leaving the cities and perching out in lesser populated areas. That’s being represented strongly by this last election. I think covid is going to take remote work to an entirely new level. There’s also people fleeing the violence and despair of the inner cities. Most are untrained, but wanting a better life. That leaves a huge demand for housing. In my area if you build it, they will come. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 2 minutes ago, spin_dry said: I’m not sure if it’s a total bubble. There’s a tremendous demographic shift occurring right now. This is the age of working remotely. People are leaving the cities and perching out in lesser populated areas. That’s being represented strongly by this last election. I think covid is going to take remote work to an entirely new level. There’s also people fleeing the violence and despair of the inner cities. Most are untrained, but wanting a better life. That leaves a huge demand for housing. In my area if you build it, they will come. For sure. Was just talking to woodtick about this. Many are leaving the city and moving to the northwoods because of remote working. Try buying furniture up north right now. Try to buy a lawn tractor, a side by side, a snowmobile, etc.. they are selling like hotcakes. But the govt debt bubble is a lynch pin that sets it all off. Local to state to federal debt is a bomb that keeps getting bigger without any plan to mitigate it. And now they are in a position where they have to spend their way out of the current mess which only exacerbates the problem. The problems compound with the ethnic problems and violence in these cities that were already suffering huge deficits and now you have residents and businesses fleeing those cities? And all they talk about is govt money for this and that. I dont see how this gets better. Quote Link to comment Share on other sites More sharing options...
Edmo Posted November 17, 2020 Share Posted November 17, 2020 10 minutes ago, Anler said: For sure. Was just talking to woodtick about this. Many are leaving the city and moving to the northwoods because of remote working. Try buying furniture up north right now. Try to buy a lawn tractor, a side by side, a snowmobile, etc.. they are selling like hotcakes. But the govt debt bubble is a lynch pin that sets it all off. Local to state to federal debt is a bomb that keeps getting bigger without any plan to mitigate it. And now they are in a position where they have to spend their way out of the current mess which only exacerbates the problem. The problems compound with the ethnic problems and violence in these cities that were already suffering huge deficits and now you have residents and businesses fleeing those cities? And all they talk about is govt money for this and that. I dont see how this gets better. There was a 4 week wait to get internet installed at the cabin in Caddy. I think a lot of folks had the same idea I did...the guy told me they were swamped. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 17, 2020 Share Posted November 17, 2020 1 hour ago, Highmark said: Actually the largest gains were in the lowest income groups. They are also looking at median wages not average wages. Yup. Thanks Trump. 45 minutes ago, Anler said: Its a new math kinda market. Was listening to Cramer this morning and he said it. Traditional investing fundamentals have no use in todays market. Patience, value, discipline have zero use in todays market. Buy what is popular and run with it is a far more successful strategy! Just spend spend spend! and then PARTY!!!! Cant stand that dingleberry . He’s wrong as often as he’s right. But he hollers and waves his arms around so I guess it makes good tv. 30 minutes ago, spin_dry said: I’m not sure if it’s a total bubble. There’s a tremendous demographic shift occurring right now. This is the age of working remotely. People are leaving the cities and perching out in lesser populated areas. That’s being represented strongly by this last election. I think covid is going to take remote work to an entirely new level. There’s also people fleeing the violence and despair of the inner cities. Most are untrained, but wanting a better life. That leaves a huge demand for housing. In my area if you build it, they will come. I agree. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 42 minutes ago, Anler said: Ill tell you what... In 2005 thru 2007 I was thinking to myself "WTF is going on here? This RE market makes no sense" Well we know what happened. We are looking at something similar now. Nothing is making sense. Record unemployment, record bankruptcies, record deficits, world wide pandemic, etc... And the stock market is reaching record highs. Real estate market is on fire. Please tell me this doesnt feel like a bubble... 33 minutes ago, spin_dry said: I’m not sure if it’s a total bubble. There’s a tremendous demographic shift occurring right now. This is the age of working remotely. People are leaving the cities and perching out in lesser populated areas. That’s being represented strongly by this last election. I think covid is going to take remote work to an entirely new level. There’s also people fleeing the violence and despair of the inner cities. Most are untrained, but wanting a better life. That leaves a huge demand for housing. In my area if you build it, they will come. Can't say I would want to be in some commercial real estate right now. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 4 minutes ago, DriftBusta said: Yup. Thanks Trump. Cant stand that dingleberry . He’s wrong as often as he’s right. But he hollers and waves his arms around so I guess it makes good tv. I agree. He knows what he is talking about and he knows the players. And it totally jives with what is going on. It doesnt take an expert to see that certain stocks are pumping that have near short term risk is not your typical wise investment strategy but for some odd reason... is working. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 17, 2020 Share Posted November 17, 2020 5 minutes ago, Anler said: He knows what he is talking about and he knows the players. And it totally jives with what is going on. It doesnt take an expert to see that certain stocks are pumping that have near short term risk is not your typical wise investment strategy but for some odd reason... is working. True. Moderna announces their vaccine yesterday, stock is down about 6% today. Wtf. Quote Link to comment Share on other sites More sharing options...
jtssrx Posted November 17, 2020 Author Share Posted November 17, 2020 1 hour ago, Anler said: Simple massive QE and easy credit QE and easy credit have been going on since Bush nice try Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 Just now, jtssrx said: QE and easy credit have been going on since Bush nice try No shit sherlock, its called a bubble. ffs 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 1 minute ago, DriftBusta said: True. Moderna announces their vaccine yesterday, stock is down about 6% today. Wtf. It makes no sense Quote Link to comment Share on other sites More sharing options...
jtssrx Posted November 17, 2020 Author Share Posted November 17, 2020 1 minute ago, Anler said: No shit sherlock, its called a bubble. ffs If your statement is true then wages should've been increasing since the Bush years. They didn't Quote Link to comment Share on other sites More sharing options...
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