#601
|
|||
|
|||
Quote:
|
#602
|
|||
|
|||
This statement only makes sense in that you have been blessed with a country that has rule of law and sound monetary policy.
There are countries where the macro just washes away all your individual choices. |
#603
|
|||
|
|||
Quote:
The underlying reason is due to the phasing out of pensions, pensions (for those fortunate enough to have them) usually can't cover all expenses during retirement. Alas, we plow our savings into the S&P, hoping that it would deliver returns. if something similar were to happen to the S&P 500, we'd all be royally screwed. ---------------------- also, i think S&P will hit official bear territory this week. fun times ahead... opps, hadn't realized that the high was 2940 (as opposed to 2930 as i thought). Appears as if we've already got to bear territory. At least the market closes early... Last edited by echappist; 12-24-2018 at 12:54 PM. |
#604
|
||||
|
||||
Quote:
"You never know who's swimming naked until the tide goes out.” ― Warren Buffett" |
#605
|
||||
|
||||
Not sure what Steven Mnuchin was drinking in Cabo with his press release yesterday:
|
#606
|
||||
|
||||
Quote:
The POTUS stated earlier today that the only problem with the economy is the Fed, which he claims "...don't have a fell for the Market (sic)" and is supposedly mad at Mnuchin for recommending Powell for his position. Considering Trump likes to fix issues by firing someone, if the markets continue to drop it would not be surprising to see Mnuchin forced out, or possibly an attempt to get rid of Powell. Either action would be even disruptive and probably cause a bigger drop. The latter action would likely be more severe and protracted as we would move into uncharted territory that would require some entirely new legal interpretations. This is all very bad.
__________________
Choices for Gorge riding: wind or climbs. Pick two. |
#607
|
|||
|
|||
Quote:
__________________
“A bicycle is not a sofa” -- Dario Pegoretti |
#608
|
||||
|
||||
There are only two explanations I can think of for Mnuchin to make those calls and issue this release: either he is incredibly stupid and grossly incompetent; or he was ordered to "do something" to stabilize the markets. If the latter, his options are extremely limited and either he or someone else grasped at this straw, which is more likely to have the opposite effect of what was intended.
__________________
Choices for Gorge riding: wind or climbs. Pick two. |
#609
|
|||
|
|||
Quote:
|
#610
|
||||
|
||||
Quote:
Staying silent would be much more helpful, or at least less harmful, than nonsensical tweets and press releases that serve only to sow more loss of confidence, but that doesn't really seem to be an option.
__________________
Choices for Gorge riding: wind or climbs. Pick two. |
#611
|
|||
|
|||
Dow down 653 points today in worst Christmas Eve session on record. So much "winning!" Time for the 22nd Amendment to kick in...
Greg |
#612
|
||||
|
||||
And what the hell is Steven Mnuchin doing in Mexico anyway?
|
#613
|
|||
|
|||
Quote:
also, until this thing is well in the rear-view mirror, it's hard to pin the entirety of the blame solely on Trump (and I speak as someone who hold a very dim view of Trump) That said, the trade wars don't help, and the misguided corporate tax cut may very well have ginned up stock prices (divident yields at this time last year were pitiful). |
#614
|
|||
|
|||
Some of this stuff is self inflicted.
In the meantime regular folks are losing their a$$. |
#615
|
||||
|
||||
I vote a good ‘soldier’ saying ignorant things at the behest of the guy sitting in the big chair. Why these hitch their horse to this wagon is beyond me. I guess they care little for their next ‘career’...
__________________
Chisholm's Custom Wheels Qui Si Parla Campagnolo |
Tags |
economy, freemoneyhouse, stonks, vertdoug for fed chair, wealth, yen carry trade |
|
|