Author Topic: Why is the US economy booming?  (Read 12990 times)

MillCreek

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Re: Why is the US economy booming?
« Reply #100 on: December 19, 2018, 03:05:57 PM »
An hour left to go for today, but so far the Dow is on track to close at the lowest figure for the year, putting 2018 in negative territory.
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Quote from: Angel Eyes on August 09, 2018, 01:56:15 AM
You are one lousy risk manager.

RoadKingLarry

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Re: Why is the US economy booming?
« Reply #101 on: December 19, 2018, 03:41:54 PM »
My opinion is that "the market" is not happy with the Demoncrats taking back the house.
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bedlamite

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Re: Why is the US economy booming?
« Reply #102 on: December 19, 2018, 08:53:39 PM »
My opinion is that "the market" is not happy with the Demoncrats taking back the house.

Or th fed bumping the inflation intrest rate.
A plan is just a list of things that doesn't happen.
Is defenestration possible through the overton window?

MillCreek

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Re: Why is the US economy booming?
« Reply #103 on: December 19, 2018, 09:01:57 PM »
Plus the Chinese/US trade war.
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MillCreek
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Quote from: Angel Eyes on August 09, 2018, 01:56:15 AM
You are one lousy risk manager.

French G.

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Re: Why is the US economy booming?
« Reply #104 on: December 19, 2018, 09:08:01 PM »
Also been on a nine year run. Pretty sure seven is the more typical number. But hey, downturn from free money fueled run way overdue. Trump's fault.
AKA Navy Joe   

I'm so contrarian that I didn't respond to the thread.

MillCreek

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Re: Why is the US economy booming?
« Reply #105 on: December 19, 2018, 10:17:10 PM »
^^^Recall how earlier this year with the runup on stocks and our retirement balances, much praise to the President for causing this.  So now who do we praise for the current state of affairs?
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MillCreek
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Quote from: Angel Eyes on August 09, 2018, 01:56:15 AM
You are one lousy risk manager.

Ben

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Re: Why is the US economy booming?
« Reply #106 on: December 19, 2018, 10:18:54 PM »
^^^Recall how earlier this year with the runup on stocks and our retirement balances, much praise to the President for causing this.  So now who do we praise for the current state of affairs?

Let me know when we have a name so I can thank them. I bought more VTSAX yesterday. :)
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charby

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Re: Why is the US economy booming?
« Reply #107 on: December 22, 2018, 02:17:13 AM »
So after today, I am looking at a 40% loss.
Iowa- 88% more livable that the rest of the US

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MillCreek

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Re: Why is the US economy booming?
« Reply #108 on: December 22, 2018, 08:47:25 AM »
I am officially negative for the year by $ 8000 right now. At the peak of 2018, I was up $ 80,000 compared to 1 January 2018. In professionally managed diversified index funds at about a 55% stock/45% bonds/short term investments split.
« Last Edit: December 22, 2018, 09:07:13 AM by MillCreek »
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MillCreek
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Quote from: Angel Eyes on August 09, 2018, 01:56:15 AM
You are one lousy risk manager.

Chester32141

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Re: Why is the US economy booming?
« Reply #109 on: December 22, 2018, 08:59:37 AM »
Quote
In one of the most remarkable Abbott and Costello routines in modern times, the economic wizards at the Fed again raised interest rates on Tuesday. Their cracker jack logic for doing so is to steer America on a course toward recession so they have the tools in hand to end the recession that THEY themselves created. Can anyone tell us who’s on first?

 :facepalm:

https://www.thegatewaypundit.com/2018/12/top-us-economist-stephen-moore-time-for-new-pilot-at-the-fed-jerome-powells-policies-are-disastrous-powell-should-resign/
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cordex

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Re: Why is the US economy booming?
« Reply #110 on: December 22, 2018, 09:53:02 AM »
^^^Recall how earlier this year with the runup on stocks and our retirement balances, much praise to the President for causing this.  So now who do we praise for the current state of affairs?
This is a good question.  Of course, the same question can be asked of Democrats when they refuse to give credit to Republicans or blame their own.

Remember Obama claiming credit for the booming economy under Trump?  How much credit/blame should he get now?

Pb

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Re: Why is the US economy booming?
« Reply #111 on: December 28, 2018, 12:03:27 PM »
It seems to me that interest rates have been obscenely low for a very long time now.  Maybe it is really time for a change.