f7ben Posted November 17, 2020 Share Posted November 17, 2020 2 minutes ago, jtssrx said: QE and easy credit have been going on since Bush nice try Ah no.....the Fed was attempting to unwind their balance sheet slightly and normalize rates just a 1/2 point in late 2018 and the market threw such a fucking fit it dropped lower than shutting the whole economy down. QE and the expanding balance sheet had ended in 2015 under Obama. Instead of massively increasing spending and slashing taxes we should have been normalizing fiscal policy under Trump and his decent economy. What we have now is a completely destroyed market that is so overly dependent on QE and Stimulus we will never be able to see interest rates above 0% or any type of contraction in the feds position as the main driver in any gdp growth. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 17, 2020 Share Posted November 17, 2020 1 minute ago, f7ben said: Ah no.....the Fed was attempting to unwind their balance sheet slightly and normalize rates just a 1/2 point in late 2018 and the market threw such a fucking fit it dropped lower than shutting the whole economy down. QE and the expanding balance sheet had ended in 2015 under Obama. Instead of massively increasing spending and slashing taxes we should have been normalizing fiscal policy under Trump and his decent economy. What we have now is a completely destroyed market that is so overly dependent on QE and Stimulus we will never be able to see interest rates above 0% or any type of contraction in the feds position as the main driver in any gdp growth. and yet because you won't play the game you lost money. Get on the great gravy train man. 1 Quote Link to comment Share on other sites More sharing options...
jtssrx Posted November 17, 2020 Author Share Posted November 17, 2020 Just now, f7ben said: Ah no.....the Fed was attempting to unwind their balance sheet slightly and normalize rates just a 1/2 point in late 2018 and the market threw such a fucking fit it dropped lower than shutting the whole economy down. QE and the expanding balance sheet had ended in 2015 under Obama. Instead of massively increasing spending and slashing taxes we should have been normalizing fiscal policy under Trump and his decent economy. What we have now is a completely destroyed market that is so overly dependent on QE and Stimulus we will never be able to see interest rates above 0% or any type of contraction in the feds position as the main driver in any gdp growth. It's all bad. I know it's going to explode at some point. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 17, 2020 Share Posted November 17, 2020 6 minutes ago, Angry ginger said: and yet because you won't play the game you lost money. Get on the great gravy train man. Nope Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 16 minutes ago, jtssrx said: If your statement is true then wages should've been increasing since the Bush years. They didn't Ok then do you think it had anything to do with the extra half a trillion per year Trump spent? Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 9 minutes ago, f7ben said: Nope You dont like gravy? Quote Link to comment Share on other sites More sharing options...
jtssrx Posted November 17, 2020 Author Share Posted November 17, 2020 Just now, Anler said: Ok then do you think it had anything to do with the extra half a trillion per year Trump spent? Both Bush and Obama doubled the Debt and no one saw an increase in wealth. The reason this happened in my opinion is unemployment is at an all-time low. Companies have to pay people to keep them. The Popeyes Chicken close to my house is offering 16.00 per hour and a 500.00 signing bonus right now. 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: Both Bush and Obama doubled the Debt and no one saw an increase in wealth. The reason this happened in my opinion is unemployment is at an all-time low. Companies have to pay people to keep them. The Popeyes Chicken close to my house is offering 16.00 per hour and a 500.00 signing bonus right now. And Trump out spent Obama. I've been playing this game 30 years now, govt spending drives the market... for now at least. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 17, 2020 Share Posted November 17, 2020 3 minutes ago, jtssrx said: Both Bush and Obama doubled the Debt and no one saw an increase in wealth. The reason this happened in my opinion is unemployment is at an all-time low. Companies have to pay people to keep them. The Popeyes Chicken close to my house is offering 16.00 per hour and a 500.00 signing bonus right now. Popeyes ftmfw! Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 18 minutes ago, DriftBusta said: Popeyes ftmfw! That chicken sammich is no joke 1 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 17, 2020 Share Posted November 17, 2020 Just now, Anler said: That chicken sammich is no joke better than chik fil a and i think chik fil a's is good. Quote Link to comment Share on other sites More sharing options...
jtssrx Posted November 17, 2020 Author Share Posted November 17, 2020 15 minutes ago, Angry ginger said: better than chik fil a and i think chik fil a's is good. Different than Chick Fil A. I like both for different reasons. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted November 17, 2020 Share Posted November 17, 2020 49 minutes ago, jtssrx said: Both Bush and Obama doubled the Debt and no one saw an increase in wealth. The reason this happened in my opinion is unemployment is at an all-time low. Companies have to pay people to keep them. The Popeyes Chicken close to my house is offering 16.00 per hour and a 500.00 signing bonus right now. Wages have spiraled up since covid. A lot of players are sitting home on unemployment benefits. There’s a massive worker shortage here. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 1 hour 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. 1 hour ago, Edmo said: 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. Real estate is kooky around here right now and a lot of Summer Residents with homes and Condos have said fuck it and appear to be here full time. High end builders are busy as fuck and can’t find enough carpenters. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 17, 2020 Share Posted November 17, 2020 3 minutes ago, Jimmy Snacks said: Real estate is kooky around here right now and a lot of Summer Residents with homes and Condos have said fuck it and appear to be here full time. High end builders are busy as fuck and can’t find enough carpenters. the housing market by me has been booming for the last 5-7 years. Now it is absolutely fucking crazy, they cant build fast enough. All Illinoisans fleeing Chicago and Illinois financial problems but still close enough for people who work in the city. Its a bit of a nuisance for me because my commutes are taking longer... Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 17, 2020 Share Posted November 17, 2020 28 minutes ago, jtssrx said: Different than Chick Fil A. I like both for different reasons. i like the spicy at chik fil a better than Popeyes but the regular better a popeyes. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 17, 2020 Share Posted November 17, 2020 Fried anything. Gross! Quote Link to comment Share on other sites More sharing options...
racer254 Posted November 17, 2020 Share Posted November 17, 2020 41 minutes ago, spin_dry said: Wages have spiraled up since covid. A lot of players are sitting home on unemployment benefits. There’s a massive worker shortage here. Thanks Donny. Many here have been saying this but you kept trying to downplay it until now. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 8 minutes ago, DriftBusta said: Fried anything. Gross! 2 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 17, 2020 Share Posted November 17, 2020 contrary to my portly figure i dontt really like much fried food but chik fil a and popeyes fried chicken sammies are delish. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted November 17, 2020 Platinum Contributing Member Share Posted November 17, 2020 3 hours ago, Angry ginger said: contrary to my portly figure i dontt really like much fried food but chik fil a and popeyes fried chicken sammies are delish. Same here...we use the air fryer for fries and other stuff and every once in awhile I grab some fried whitefish from the local joint. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 18, 2020 Share Posted November 18, 2020 9 hours ago, Anler said: Simple massive QE and easy credit We had that for the previous 3 yrs Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 18, 2020 Share Posted November 18, 2020 7 hours ago, Anler said: Ok then do you think it had anything to do with the extra half a trillion per year Trump spent? Some of it but alot was the confidence of people that they would be ok to start expanding for a few yrs at least Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 18, 2020 Share Posted November 18, 2020 15 minutes ago, Ez ryder said: We had that for the previous 3 yrs No we didn’t Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 18, 2020 Gold Member Share Posted November 18, 2020 All the mom and pop shops folding up prolly has something to do with wages going up. They always paid way worse then the large corps such as Walmart and amazon Quote Link to comment Share on other sites More sharing options...
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