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Posted
12 minutes ago, Hagbard Celine said:

lutnick slipped in "automated" then pivoted from reshoring 'manufacturing' jobs to the high school trades are going to have a golden age building the automated plants that per dennison won't be built here because no one is going to build here in order to be able to only sell here

 

incompetence unmeasurable with current technology

 

It was like there was a glitch in his preprogrammed talking points.

Posted (edited)
2 hours ago, Rex Kramer said:

I mean I know you’re a general idiot, but you’re now a financial idiot. Lax ass regulations on banks was fomented in Clinton era. Everyone knows this. You are not smart. 

You think GLBA happened in a vacuum?

https://www.latimes.com/archives/la-xpm-1992-04-25-fi-956-story.html

Quote

In addition, a step taken by the Federal Reserve Board would for the first time permit bank affiliates and holding companies to give advice to customers buying and selling securities and to provide certain investment banking services. Those institutions have been allowed to make securities transactions, but were barred from providing the sort of investment advice commonly available at brokerage houses

Bush opened Pandora's box in a desperate and futile attempt to ease financial burdens in his re-election bid in the early 90s with banking deregulation that led down a dangerous path. 

That path led to GLBA and then the retard Bush's admin just blatantly ignored all the warning signs of the looming crisis. Just as Republicans are ignoring the signs of the coming crisis now. 

If you're going to attack people at least take your head out of your ass long enough to learn about the situation. 

Edited by Hermanator
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Posted
43 minutes ago, Hermanator said:

You think GLBA happened in a vacuum?

https://www.latimes.com/archives/la-xpm-1992-04-25-fi-956-story.html

Bush opened Pandora's box in a desperate and futile attempt to ease financial burdens in his re-election bid in the early 90s with banking deregulation that led down a dangerous path. 

That path led to GLBA and then the retard Bush's admin just blatantly ignored all the warning signs of the looming crisis. Just as Republicans are ignoring the signs of the coming crisis now. 

If you're going to attack people at least take your head out of your ass long enough to learn about the situation. 

I know all about the situation. Lol. You’re a joke. 

Posted

Some say The Great Depression was big. We’re going to have The Greatest Depression. It’s going to be so much bigger and it will be beautiful, bigger than anything you could ever dream of. Just think about how beautiful that sounds, The Greatest Depression.

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Posted
58 minutes ago, royiv said:

Some say The Great Depression was big. We’re going to have The Greatest Depression. It’s going to be so much bigger and it will be beautiful, bigger than anything you could ever dream of. Just think about how beautiful that sounds, The Greatest Depression.

The Make America Great Depression 

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Posted

It's unbelievable how many dumbass accounts I've seen showing the market down 2K points and blowing the time range out 30+ years acting like this is a nothing burger. You ain't seen nothin yet you fucking morons.

Posted
3 hours ago, Horn Under a Bad Sign said:


I don't think you know shit about the situation. Otherwise, you would have supplied a rebuttal. 

I’ve forgotten more than either of you will ever learn. I’m not going to waste time with a rebuttal to fucking Hermanator. 

Posted
Just now, Francisco 2.0 said:

This seems bad.  Maybe the financial folks on here can elaborate:

 

 

 

https://www.jpx.co.jp/english/derivatives/products/domestic/topix-futures/index.html#:~:text=TOPIX Futures is a stock,Stock Price Index (TOPIX).

Its like one of the major indexes domestically hitting a circuit breaker. 

Circuit breakers halt trading for a certain period of time to keep markets from going hysterical and melting all the way down so it isn't just a panic driven event. 

Its very bad if it continues down steep after the circuit breaker. Eventually they will do what Putin did and just close the stock market and halt trading so no one can melt it down any further, when you do this it makes your exchange basically junk though because there is no liquidity and the market is so unstable it's hard to build confidence back in 

Posted

In 1980, the U.S. share of world GDP was right at 25%. That's where it is today. In the meantime, we got so rich that we have to have mini-storage warehouses, which barely existed then, to hold our stuff, and the rest of the world got richer, too.  Mission accomplished.

Until now. 
 

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Posted
Just now, royiv said:

Does this moron know the difference between a surplus and a deficit? 

That could explain his ability to bankrupt a casino, amongst other business ventures.  It would also maybe be a bit of a black eye for the Wharton school of business, to graduate such a student.

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Posted
1 minute ago, Pato del Muerto said:

 It would also maybe be a bit of a black eye for the Wharton school of business, to graduate such a student.

The Gentleman's C for admitted students is no myth.

Posted

I listened to Bloomberg for about an hour as the futures markets were getting ready to open.

An occasional talking head would start babbling about, “We’re not sure if it’s negotiation tactic, or Trump means this…., surely he doesn’t mean this.”

Everybody else: “He has it in his head that tariffs are a good thing and will bring in a lot of money that he can use for his pet projects, like tax cuts. “

The consensus was while this may go away, it won’t go away for months, and after months, it won’t make any difference, cause we will be so far down the path that we are in recession and possibly stagflation territory.

Whether it is because it has last term, or whether it is because he’s looking forward to being dictator for life, he apparently has abandoned all attempts at political consequences.  His fat ass playing golf while Rome burns is something I would’ve thought even that ass would not do.  

I am pleasantly gruntled.

 

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Posted
1 hour ago, Francisco 2.0 said:

 

 

All those low cost goods and 3ish-5ish% unemployment rates outside of the Financial Crisis and Covid have been a real beating for the last 25 years.

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Posted

I just keep going back to our already awkward Thanksgiving this past year deep in the heart of Trumplandia. I did not bring up politics once, but I did overhear my brother say something to the effect of 'when the economy turns back on this Summer work will pick up'. I replay that sentence over and over in my head. What in the ever loving fuck did he read that made him think the 'economy was going to turn back on' this Summer? I know my family is mostly financially illiterate and have little to no investments, but everyone with a brain could see this coming. Work doesn't 'pick up' when people are losing 25%+ of their life savings.

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