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Originally posted by JO753:
I dont see why anybody takes thoze prognosticatorz seriously after the 2008 colaps. I never did.
om

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Originally posted by JEWELSTAITEFAN:
Sure. All those people who warned that 2008 would happen, and why

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Sure. All those people who warned that 2008 would happen, and why - they can't be taken seriously, just because they knew what they were talking about.
You just go back to your Libtard news and don't worry you pretty little head about the Real World. Your Libtard news will look out for your best interests, just like they did in 2008.

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Originally posted by JEWELSTAITEFAN:
Dow closed Wed at 26,115. A 1.25% gain in one day.
Almost a whole year in office for Trump.

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Originally posted by SIGNYM:

All Bush, Obama, and the Fed did was paper over old debt with more debt. That's not going to last forever.

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Originally posted by 6IXSTRINGJACK:
I don't see what there is to celebrate, unless you were already rich.

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Originally posted by JEWELSTAITEFAN:
Democraps Cave in on their Shutdown Showdown, Dow opens with a gain of more than 100, a half percent increase.

Thanks Shmucky Shumer.

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Originally posted by 6IXSTRINGJACK:
And yet the working class is still doing much worse than a few decades ago.

I don't see what there is to celebrate, unless you were already rich.

Do Right, Be Right. :)

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Originally posted by SIGNYM:

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Sure. All those people who warned that 2008 would happen, and why - they can't be taken seriously, just because they knew what they were talking about.
You just go back to your Libtard news and don't worry you pretty little head about the Real World. Your Libtard news will look out for your best interests, just like they did in 2008.

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The biggest cheering section for the economy being ON FIRE were Republicans who were busy congratulating themselves and each other on the success of the Bush tax cuts.

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All Obama and the Fed did was paper over old debt with more debt. That's not going to last forever.

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Originally posted by 6IXSTRINGJACK:
Meanwhile in Working Class Land...
"Any good jobs yet?"
"Nope."
:)

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Originally posted by JEWELSTAITEFAN:

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Originally posted by 6IXSTRINGJACK:
And yet the working class is still doing much worse than a few decades ago.

I don't see what there is to celebrate, unless you were already rich.

Do Right, Be Right. :)

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In the past few decades the poor or working class decided to send our jobs overseas, so they elected BJ Clinton. TWICE.
And then they decided to destroy the economy and put everybody on Government subsistence, so they elected Barack Hussain Obama. TWICE.
So, the working class got exactly what they asked for - what are you whining for?

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Originally posted by JEWELSTAITEFAN:
Dow closed today at 26,392. Another all-time high close.

A gain of 6,392 since one year ago when this thread was opened and Jump Off said to get out before you earn too much money. That is 32% APR, fairly hard to beat.

That is another 1,007 point gain in 11 trading days (since 9 Jan).

That is a 1,600 point increase since Tax Reform passed 37 days ago. A gain of 6.45%, or 63.7% APR.

An increase of 3,229 since Trump's Budget passed 98 days ago. A gain of 13.9%, or 52% APR.

An increase of 6,660 since Trump took office 1 year and 5 days ago. A gain of 33.8%, or 33.2% APR.

And an increase of 8,050 since Election Day, 443 days ago. A gain of 44%, or 36.2% APR.

OK, so all of those APRs do actually beat the 32%. So all we gotta do is get more Trump Budgets passed, more Tax Reform passed, more Fiscal Control enacted. I imagine next on the horizon is Debt Ceiling control, instead of all this kicking the can down the road.

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Originally posted by JEWELSTAITEFAN:

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Originally posted by 6IXSTRINGJACK:
Meanwhile in Working Class Land...
"Any good jobs yet?"
"Nope."
:)

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I am unsure where you are located. Have you checked the job market lately? I am getting recruiter calls at a frenzied pace.

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Originally posted by 6IXSTRINGJACK:

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Originally posted by JEWELSTAITEFAN:

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Originally posted by 6IXSTRINGJACK:
Meanwhile in Working Class Land...
"Any good jobs yet?"
"Nope."
:)

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I am unsure where you are located. Have you checked the job market lately? I am getting recruiter calls at a frenzied pace.

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What field are you in? I think a lot of it depends on that. The work I was doing is largely gone now, and not likely to ever come back. I see no reason why any company would pay Americans 10 times as much as they could pay Indians to do remotely after they've been doing so for a decade.

Getting into tech was a horrible idea, even though I was good at it. I had a few teachers in High School that wanted me to get into the trades, but that was viewed as dirty work that was beneath you if you had some brains. (Thanks Public School!). Wish I took their advice, or that I had somebody like Mike Rowe as a mentor back then.

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Originally posted by JO753:
U O!!!
http://www.dailymail.co.uk/news/article-5331559/Dow-Jones-sees-second-
day-triple-digit-losses.html

Iz this the beginning uv the fun part uv the roller-coaster ride?

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The triple-digit loss on Monday was attributed to rising long-term interest rates

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Originally posted by JO753:
U O!!!
http://www.dailymail.co.uk/news/article-5331559/Dow-Jones-sees-second-
day-triple-digit-losses.html

Iz this the beginning uv the fun part uv the roller-coaster ride?

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Originally posted by JO753:
I ran up about 100k in credit card det befor the crash, most uv it well befor 2008 kuz the 'crash' started early for machinists. I didnt plan on it, I just got sucked into the credit vortex they created to harvest wealth from the working class. They got greedy and recked their own game.

To ansr your Q, my advise iz to stop paying if you owe alot. Just stop and wait, to hell with your gorram credit score. Eventually, they start offering pay off dealz at a fraction uv wut you owe. They keep getting lower and lower and eventually they give up. They do a 'charje-off' and then you count it az income on your 1040.

So your brownie points sink to 300. Why do you care wen you arent playing the Money From The Future game anymore? You effectively win the game by stealing a little bit uv the money that wuz stolen from you by Wall Street befor you ever knew it existed.

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Originally posted by JO753:
If they can prove that you did it intentionally, they take all your stuff and you go to jail.

You see, it takes money to steal money, so us pee onz dont get to play the big game. Look how long Bernie Madoff got away with stealing billionz wile the credit card companyz and the gubmint wuz going after peepl who coudnt keep up with their car paymnents.

And wut Madoff made off with wuz chump chanje compared to wut the big banks steal every yir.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Originally posted by JEWELSTAITEFAN:

Quote:

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Originally posted by JO753:
U O!!!
http://www.dailymail.co.uk/news/article-5331559/Dow-Jones-sees-second-
day-triple-digit-losses.html

Iz this the beginning uv the fun part uv the roller-coaster ride?

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Goodness, Dow closed at 26,076. Is the sky fallng?
It hasn't closed that low since Tuesday, 16 Jan - 2 weeks or 10 trading days ago. Is the sky falling?
That is 540 points below the all-time high. Is the sky falling? Can we panic now?
That is a falling back of 2.03% from its all-time high. Is the sky falling yet? Can we panic now?

Honestly, for me personally, this is great, although that is selfish of me. I recently noticed a small chunk of money which had been sitting in a Government Securities Investment fund, and I initiated a transfer to Stock Market funds. That transfer takes effect at Close of Business on Tuesday. So allowing me to buy in at a 2% discount is fine by me. That was not planning. If I had Dollar Cost Averaged, then I could claim the wisdom of planning, but I only made one single transfer. So it was mere luck.

Every single day of history prior to 2 weeks ago had a close lower than today's.
Under Obamanomics when Trump was Elected, this many points would have been 3%. But the Market has expanded so much that it is a smaller share.

You are welcome to panic if you desire.

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Originally posted by 6IXSTRINGJACK: I know that score doesn't really mean all that much since I don't really need it for anything anymore, but I like having it.

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Originally posted by JO753:

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Originally posted by 6IXSTRINGJACK: I know that score doesn't really mean all that much since I don't really need it for anything anymore, but I like having it.

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I'll trade with you! 100 points for 2 crisp fresh oranj Monopoly 500$ billz!

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Originally posted by JEWELSTAITEFAN:

Quote:

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Originally posted by JEWELSTAITEFAN:

Quote:

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Originally posted by JO753:
U O!!!
http://www.dailymail.co.uk/news/article-5331559/Dow-Jones-sees-second-
day-triple-digit-losses.html

Iz this the beginning uv the fun part uv the roller-coaster ride?

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Goodness, Dow closed at 26,076. Is the sky fallng?
It hasn't closed that low since Tuesday, 16 Jan - 2 weeks or 10 trading days ago. Is the sky falling?
That is 540 points below the all-time high. Is the sky falling? Can we panic now?
That is a falling back of 2.03% from its all-time high. Is the sky falling yet? Can we panic now?

Honestly, for me personally, this is great, although that is selfish of me. I recently noticed a small chunk of money which had been sitting in a Government Securities Investment fund, and I initiated a transfer to Stock Market funds. That transfer takes effect at Close of Business on Tuesday. So allowing me to buy in at a 2% discount is fine by me. That was not planning. If I had Dollar Cost Averaged, then I could claim the wisdom of planning, but I only made one single transfer. So it was mere luck.

Every single day of history prior to 2 weeks ago had a close lower than today's.
Under Obamanomics when Trump was Elected, this many points would have been 3%. But the Market has expanded so much that it is a smaller share.

You are welcome to panic if you desire.

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Looks like it increased again today. Yesterday was your chance to panic.

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Originally posted by JEWELSTAITEFAN:

For those not so clued on the math concept, that is more than the 8% per year Obama did in his first 2 years - without GOP control of Congress.
And that is more than the 12% per year for Bobo's 6 years with GOP control of Congress, despite Bobo having the absolutely easiest period for economic recuperation. Now Trump is adding on top of already historic highs, a much more difficult feat.

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Originally posted by second:

Quote:

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Originally posted by JEWELSTAITEFAN:
For those not so clued on the math concept, that is more than the 8% per year Obama did in his first 2 years - without GOP control of Congress.
And that is more than the 12% per year for Bobo's 6 years with GOP control of Congress, despite Bobo having the absolutely easiest period for economic recuperation. Now Trump is adding on top of already historic highs, a much more difficult feat.

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The Bad News in the Good News

Paul Krugman FEB. 2, 2018
www.nytimes.com/2018/02/02/opinion/the-bad-news-in-the-good-news.html

This morning’s job market report was definitely good. Job creation was surprisingly strong for this late in an economic expansion; wages are finally rising, although still far more slowly than they were before the Great Recession. You never want to make too much of one month’s report, but this was clearly positive.

And stocks plunged. What?

One answer is that stocks gonna do what they’re gonna do – as Paul Samuelson famously put it, the market predicted nine of the last five recessions. But there’s a bit of economic logic here too. One way of looking at recent economic data is that they’re actually telling us that future U.S. growth will be lower than one might have hoped.

If we care about the medium term – say, 5 or 10 years – prospects for U.S. growth depend on two things. First, how much slack is there in the economy? How many people who aren’t working can still be drawn into employment without inflation taking off?

Second, how fast will productivity – output per person-hour – rise?

The first question has posed something of a puzzle. Standard indicators like the unemployment rate and the quit rate suggest an economy at more or less full employment. (Quits matter because they tell us how easily workers expect to find new jobs.) But low wage growth suggested that there might still be substantial room to run.

Now, finally, we may be seeing some significant wage gains:

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https://fred.stlouisfed.org/graph/?g=i3qt

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Again, you don’t want to make too much of one month’s number. But the wage gain strengthens the case that we really are near full employment; interest rates rose because the odds of Fed rate hikes to limit inflation have risen. And that hit stocks.

Meanwhile, productivity numbers have been pretty dismal:

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https://fred.stlouisfed.org/graph/?g=i3Nj

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So what the data are suggesting, although not with a lot of confidence, is that America is about to settle into a low-growth rut, maybe 1.5% a year. And yes, that’s only half what Trump is promising.

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Originally posted by JEWELSTAITEFAN:

These graphs look to support my post on Obamanomics.

And Krugman claims Economic Expansion for the past decade? Is his favorite flavor of Koolaid called absinthe?

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Originally posted by second:

Quote:

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Originally posted by JEWELSTAITEFAN:

These graphs look to support my post on Obamanomics.

And Krugman claims Economic Expansion for the past decade? Is his favorite flavor of Koolaid called absinthe?

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The economy grew under Obama no faster or slower than under Trump.

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https://fred.stlouisfed.org/graph/?g=i3Ru

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Originally posted by JO753:
Not seeing my JSF Dow number report here. Wundr wy?

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Originally posted by captaincrunch:
Market crashing - grab your go bag.

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