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Thread: The Stock Market

  1. #1

    The Stock Market

    It's now lower than when Donald J. Trump took office.

    He has spent the last 3 years tweeting about it whenever it has gone up. WHen the bubble he created was in the process of forming. Not only Trump but Hannity and all the GOP media phonies. They claimed it was the best economy ever as recently as the SOTU.

    What about his incessant, screeching and boorish supporters on here (SS and the likes).

    None of us predicted the virus but some of us did warn - in line with Ron Paul's teachings - that a bubble was forming in the stock market and the GDP figures were similar to Obama's and Bush so nothing special. We were ridiculed and told to look at the stock market

    The other canard was 'the lowest unemployment in 50 years' though the figures are heavily manipulated within the next month or so we could see the worst unemployment since 1929.

    I'm very curious about what people think of the Trump economy as he prepares to sign a massive fiscal stimulus that will only further exacerbate the problem.



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  3. #2
    I think it'll go back up when the virus has run its course. I also think this is the volatility before the real crash.

    Of course, if they keep hammering at the economy, they'll turn this into the real crash.
    'I prefer someone who burns the flag and then wraps themselves up in the Constitution over someone who burns the Constitution and then wraps themselves up in the flag.'--Molly Ivins

    'Well, you can get no more liberty than you give.'--Will Rogers

  4. #3
    Quote Originally Posted by acptulsa View Post
    I think it'll go back up when the virus has run its course. I also think this is the volatility before the real crash.

    Of course, if they keep hammering at the economy, they'll turn this into the real crash.

    The problem is the indebtedness of individuals and corporations... that's not going to go away. They have all participated in the boom and thought it would never end. The virus has upended them.

  5. #4
    Quote Originally Posted by Warlord View Post
    The problem is the indebtedness of individuals and corporations... that's not going to go away. They have all participated in the boom and thought it would never end. The virus has upended them.
    Before this crisis I thought hyperinflation was a longshot. Now I think it's almost a certainty.

    We are going to have massive price inflation, followed by price controls, followed by shortages. Which is what I've been saying would happen all along.

    The market collapse isn't so bad but the unprecedented bailouts and printing are freaking me out despite the fact that I expected it and I'm positioned for it. This is too much. It's not going to do much good to have wealth when everything is collapsing. I'm worried about a breakdown in society. I wish I lived more out in the country like I did last year. I'm not in the middle of a big city but closer than I wanted to be.

    Fed balance sheet made a new all time high of 4.7 trillion blasting thru the old high of 4.5 trillion. This is crazy.

  6. #5
    Quote Originally Posted by Madison320 View Post

    Fed balance sheet made a new all time high of 4.7 trillion blasting thru the old high of 4.5 trillion. This is crazy.
    They're going to destroy the dollar:

    https://thehill.com/policy/finance/4...me-experts-say

  7. #6
    Quote Originally Posted by Warlord View Post
    It's now lower than when Donald J. Trump took office.

    He has spent the last 3 years tweeting about it whenever it has gone up. WHen the bubble he created was in the process of forming. Not only Trump but Hannity and all the GOP media phonies. They claimed it was the best economy ever as recently as the SOTU.

    What about his incessant, screeching and boorish supporters on here (SS and the likes).

    None of us predicted the virus but some of us did warn - in line with Ron Paul's teachings - that a bubble was forming in the stock market and the GDP figures were similar to Obama's and Bush so nothing special. We were ridiculed and told to look at the stock market

    The other canard was 'the lowest unemployment in 50 years' though the figures are heavily manipulated within the next month or so we could see the worst unemployment since 1929.

    I'm very curious about what people think of the Trump economy as he prepares to sign a massive fiscal stimulus that will only further exacerbate the problem.
    I think it is too early to tell but the one thing we know is the Fed balance sheet and the debt are going to get bigger . I do not personally view that as good but the same thing has happened before and it did not show the way I expected .

  8. #7
    I think there's still room to go down after today.
    I'm not convinced this market doesn't touch the 16's before starting to head back up slowly. However, it will still be in a relative state of volatility, like a baby learning to walk. It's gonna stumble and bumble because it's on unproven foundations. And right when it gets to walking, then jogging, the rug will be pulled out again.

    Anyway, inflation is coming. One thing I'm not certain about is how bad it will be, but it's gonna come.
    Welcome to the R3VOLUTION!

  9. #8
    So much joy that the virus has upended the economy! See Peter Shiff told us so!

    Give it a rest.



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  11. #9
    Quote Originally Posted by phill4paul View Post
    So much joy that the virus has upended the economy! See Peter Shiff told us so!

    Give it a rest.
    Joy?

    The virus didn't upend the economy, socialism did.

  12. #10
    Quote Originally Posted by Madison320 View Post
    Before this crisis I thought hyperinflation was a longshot. Now I think it's almost a certainty.
    I don't think we will have hyperinflation but commodities prices are at 1976 levels right now. I don't see how there isn't a big decline in the dollar in the next few years. I have a hard time believing this won't have big reversal. I can't find the source but I saw some analyst say gas prices were headed to zero. This seems like a massive liquidation at a bottom.


  13. #11
    Oil won't go to zero. Some stocks might though.

    We will see..

  14. #12
    Quote Originally Posted by phill4paul View Post
    So much joy that the virus has upended the economy! See Peter Shiff told us so!

    Give it a rest.
    What if the virus is being used to cover for the collapse of the world economy and further concentrate wealth? Governments pumping funny money into their economies to keep the sham going would never last forever. Government and private debt IS the next bubble and its here. Bailouts arenít gonna work now. Neither will the negative interest rates they will announce soon. Reality is going to hurt us all. Not just some.

    Welcome to the start of the hunger games. Not joyed at all by what a lot of people have been warning about for years. This includes Ron Paul. Heís been warning about this very thing happening, but everyone was too drunk on Uncle Sugarís fake prosperity hooch.

  15. #13
    Quote Originally Posted by phill4paul View Post
    So much joy that the virus has upended the economy! See Peter Shiff told us so!

    Give it a rest.
    I do not feel joy because so many good people are losing their jobs and in some cases their lives.

    However the calamity that is unfolding was predicted by some but we were told to shut up and look at the stock market or unemployment figures. Some of us tried to warn about it whilst being prepared the best way we can be. I think there's a lesson for you philly not to blindly follow politicians like Trump who are persuing policies that makes things worse for the economy like massive deficit spending!

    As for Schiff... I dont think you will hear a bad word about him since he has predicted this and has helped people position themselves out of the worthless US stocks. He also predicted the real estate crash in 2008 which I'm sure you MUST remember.

  16. #14
    Quote Originally Posted by Warlord View Post
    I do not feel joy because so many good people are losing their jobs and in some cases their lives.

    However the calamity that is unfolding was predicted by some but we were told to shut up and look at the stock market or unemployment figures. Some of us tried to warn about it whilst being prepared the best way we can be. I think there's a lesson for you philly not to blindly follow politicians like Trump who are persuing policies that makes things worse for the economy like massive deficit spending!

    As for Schiff... I dont think you will hear a bad word about him since he has predicted this and has helped people position themselves out of the worthless US stocks. He also predicted the real estate crash in 2008 which I'm sure you MUST remember.
    I agree and I'm a big fan of Schiff's but I think it's important to emphasize that the real crash he is predicting is the collapse of the dollar. That hasn't happened yet. Most people's reaction to Schiff is that he's a stopped clock, that anybody can keep predicting a market crash and be right. What makes Schiff (and Ron Paul) unique is that they predicted that the stimulus wouldn't work and would have to be re-applied until the dollar finally caves. I didn't see one "expert" who thought the Fed would start lowering rates and relaunching QE.

    As far as that goes I was pretty much the only one on this website who thought this crash would happen before Trump's term was over. That's why I wanted Hillary to win, because I wanted the crash to happen on her watch so it would be blamed on socialism. Now it's going to get blamed incorrectly on capitalism.

  17. #15
    Quote Originally Posted by Madison320 View Post
    I agree and I'm a big fan of Schiff's but I think it's important to emphasize that the real crash he is predicting is the collapse of the dollar. That hasn't happened yet. Most people's reaction to Schiff is that he's a stopped clock, that anybody can keep predicting a market crash and be right. What makes Schiff (and Ron Paul) unique is that they predicted that the stimulus wouldn't work and would have to be re-applied until the dollar finally caves. I didn't see one "expert" who thought the Fed would start lowering rates and relaunching QE.

    As far as that goes I was pretty much the only one on this website who thought this crash would happen before Trump's term was over. That's why I wanted Hillary to win, because I wanted the crash to happen on her watch so it would be blamed on socialism. Now it's going to get blamed incorrectly on capitalism.
    Here's a few of my posts from the Economy thread in U.S Politics. From Jan and early Feb:

    Quote Originally Posted by Warlord View Post
    There is going to be a massive collapse with all the money the Fed has injected. This feels like 2000 when the tech stocks crashed. The only question is will it be before the election or after? is Trump being setup or is he complicit?

    Quote Originally Posted by Warlord View Post
    We are currently in a MANIA phase.


    The Stock market rallies, consumer confidence, high approval numbers for Trump etc. Everyone thinks things are fine. The cheerleaders on this forum and on twitter are loud.


    But we know they're not. The FED has injected trillions into the economy over the last 8 months. The bubble will burst just like it did in 2000 and in 08 There is going to be a deep recession when reality hits.


    Debt and deficits are at record levels. If the economy is so great as Philly/Trump claim then WHY is the debt and deficit growing and at record levels?


    I realize this might sound fanciful to some but this is basic Austrian economics which Ron Paul has preached.


    Be prepared for when the bubble POPS and ignore all the cheering in the media/stock market bubble.

    Quote Originally Posted by Warlord View Post
    Bush-Obama-Trump....


    They're all following the same pattern.


    Trillion dollar deficits, debt, reckless spending on social programs and big increases for the military, regime change, wars etc.


    The Bubble will pop like it did in 2000 and in 2008.


    This time its going to be worse.


    Don't say you weren't warned.
    We were mocked by @phill4paul and SS (and others): It's different this time'.

    @devil21also stood up to the bullies and voiced concerns with charts and so did @RonZeplin with some bearish YouTube videos.

    Austrians know a bubble when we see one.
    Last edited by Warlord; 03-22-2020 at 10:53 AM.

  18. #16
    Quote Originally Posted by Warlord View Post
    Austrians know a bubble when we see one.
    I think another important point is that markets are cyclical, they go up and down. If you just buy the dow and hold for 30 years, you're probably going to do ok. But currency is different. A high inflationary event wipes out anyone holding currency, permanently. So if you're holding cash or bonds it's a permanent loss.



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  20. #17
    The Trumpsters won't be able to turn this one around, with their BS spin shuck 'n jive.

    Gold & Silver are real money.

    End the FED
    End the Orange neo-Socialist
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Make America the Land of the Free & the Home of the Brave again

  21. #18
    Quote Originally Posted by Madison320 View Post
    Joy?

    The virus didn't upend the economy, socialism did.
    We got some denial here

  22. #19
    Quote Originally Posted by PRB View Post
    We got some denial here
    The virus didn't upend the economy. A death rate if 0.000085% of the nation's population could never do that.

    A lack of confidence in the stock market combined with government and media fearmongering upended the economy, such as it was.

  23. #20
    Quote Originally Posted by acptulsa View Post
    The virus didn't upend the economy. A death rate if 0.000085% of the nation's population could never do that.

    A lack of confidence in the stock market combined with government and media fearmongering upended the economy, such as it was.
    this ignores WHY there was "lack of confidence and media hysteria"

    1. look at China and Italy
    2. our hospitals are already saturated
    3. I hate Trump, I enjoy calling him a Nazi, but in this case, he's acted a bit too late. we had plenty of time to contain and reduce the spread, but it's too late now.

    No, we shouldn't just look at deaths, what a privilege for you to think only deaths matter. being sick for 2-3 weeks is bad enough, and that's the reality of most hospitals now. Nurses and doctors are already running out of PPE

    By the way, our government wasn't the least bit socialist here, Trump himself wanted to avoid taking any action up until last Friday.

  24. #21
    Quote Originally Posted by PRB View Post
    this ignores WHY there was "lack of confidence and media hysteria"

    1. look at China and Italy
    2. our hospitals are already saturated
    3. I hate Trump, I enjoy calling him a Nazi, but in this case, he's acted a bit too late. we had plenty of time to contain and reduce the spread, but it's too late now.

    No, we shouldn't just look at deaths, what a privilege for you to think only deaths matter. being sick for 2-3 weeks is bad enough, and that's the reality of most hospitals now. Nurses and doctors are already running out of PPE
    Uh huh.

    People get sick for two or three weeks every flu season. We are neither China nor Italy. Hospitals aren't saturated in my state, nor in some odd 45-47 other states. You say it's not contained, but three months in the confirmed cases, including those who recovered, total 0.01% of the population. And there was no confidence in stock prices because they were overvalued.

    What a privilege for you to think simple logic doesn't matter.

  25. #22
    Quote Originally Posted by acptulsa View Post
    Uh huh.

    People get sick for two or three weeks every flu season. We are neither China nor Italy. Hospitals aren't saturated in my state, nor in some odd 45-47 other states. You say it's not contained, but three months in the confirmed cases, including those who recovered, total 0.01% of the population. And there was no confidence in stock prices because they were overvalued.

    What a privilege for you to think simple logic doesn't matter.
    We are no healthier than China or Italy.

    We went from 15 cases in January to 30,000 cases today.
    (the fact we have 30,000 cases whereas Taiwan has less than 200 is exactly why it wasn't contained, and not to mention how few people have been tested)


    How many people die is not the only issue.

    No confidence in the stock market IS due to overvalue, but what caused them to be overvalued yesterday, and not today?

    Those 40 states where hospitals are not saturated, cannot take up the rest of us when needed, that's a problem you seem unable to see right now.
    Last edited by PRB; 03-22-2020 at 11:32 PM.



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