Stock Market Losses Under Trump

[UT alum]

39 minutes ago, LumRaiderFan said:

False, that nonsense has been debunked so many times, but some hold on to it.

I’m sure you probably still support the Steele dossier.

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From the article:

Bush asked Congress several times to investigate the lending practices of Fannie Mae and Freddie Mac. The problem started when the Clinton administration forced Fannie and Freddie to expand mortgage loans (by lowering the standards) to U.S. residents who don't qualify for traditional home loans.

Really? Ask AIG.

[OlDawg]

2 hours ago, UT alum said:

Are you serious? Liberal policies did not create or abuse Credit Default Swaps. Nor did they have anything to do with bundling no doc subprime loans and securitizing them. That was Wall Street greed and Bush era banking and securities deregulations. 

The deregulation you speak of occurred during the Clinton Administration. Fannie & Freddie were forced to make risky loans & Glass-Steagall was repealed in 1999. Clinton said it was dead and useless anyway.

The Fed had to start raising interest rates to combat inflation in 2006ish, and the poop hit the fan. Then, we first heard the wonderful acronym QED.

So yes. The policy changes allowed the banking industry to create predatory loans, and no one was watching the hen house any more because “it was everyone’s right to own their own home” mantra time created by new policy, and repealing safeguards.

My original statement stands. This isn’t the first self-inflicted recession. (If it even becomes one. Won’t know for a few quarters per definition.) And, we know the outcome of a recession. No one wins.

You should get off the idea that when I say ‘liberal policies’ it necessarily means Dems. A policy is a policy. Reps have liberal policies sometimes as well. I should’ve given you a clue what I think about political parties & the role of government in our lives with my earlier post.

[LumRaiderFan]

24 minutes ago, UT alum said:

Really? Ask AIG.

I don't have to ask anyone, I saw it unfold.

You want to point fingers at someone, point them at Barney Frank and Chris Dodd.

Look it up, educate yourself.

[Reagan]

7 hours ago, HuntersLaptop2028 said:

Fake news!

Market recovered, then is now dropping AGAIN 

No doubt a lot of buying went on today.  

[baddog]

What???? No comment on the stocks????? How can this be?????

[baddog]

It’s backing off some, but it surged 1300 points. How can this be? Where are the geniuses?

[HuntersLaptop2028]

17 minutes ago, baddog said:

It’s backing off some, but it surged 1300 points. How can this be? Where are the geniuses?

You’ve been seething for 72 hours waiting to post this huh lol

Deadline is tomorrow. Tell him he better not cave on China tariffs. MAGA 

[baddog]

Just now, HuntersLaptop2028 said:

You’ve been seething for 72 hours waiting to post this huh lol

Deadline is tomorrow. Tell him he better not cave on China tariffs. MAGA 

Well I did know it was coming while you were contemplating that 4 story window. Thanks for chiming in genius.

[HuntersLaptop2028]

1 hour ago, baddog said:

Well I did know it was coming while you were contemplating that 4 story window. Thanks for chiming in genius.

Market down -18% instead of -20%

Edit: member has been banned for an especially egregious insult. Please keep this in mind during your future debating.

[baddog]

30 minutes ago, HuntersLaptop2028 said:

Market down -18% instead of -20%

I don’t say this lightly but you are actually retarded 

Another personal attack that you wouldn’t say to my face. You act like I have control over the market. You are only concerned for selfish reasons. 

[Big girl]

19 hours ago, OlDawg said:

The deregulation you speak of occurred during the Clinton Administration. Fannie & Freddie were forced to make risky loans & Glass-Steagall was repealed in 1999. Clinton said it was dead and useless anyway.

The Fed had to start raising interest rates to combat inflation in 2006ish, and the poop hit the fan. Then, we first heard the wonderful acronym QED.

So yes. The policy changes allowed the banking industry to create predatory loans, and no one was watching the hen house any more because “it was everyone’s right to own their own home” mantra time created by new policy, and repealing safeguards.

My original statement stands. This isn’t the first self-inflicted recession. (If it even becomes one. Won’t know for a few quarters per definition.) And, we know the outcome of a recession. No one wins.

You should get off the idea that when I say ‘liberal policies’ it necessarily means Dems. A policy is a policy. Reps have liberal policies sometimes as well. I should’ve given you a clue what I think about political parties & the role of government in our lives with my earlier post.

Wrong

[Big girl]

6 minutes ago, baddog said:

Another personal attack that you wouldn’t say to my face. You act like I have control over the market. You are only concerned for selfish reasons. 

Why not? 

[Big girl]

21 hours ago, thetragichippy said:

Follow him on Truth Social, Follow him on X - Watch Fox News......

He has spoken to the press more in the 3 months in office than Biden did in 4 years. Do your homework, then I'll debate the issues you have with it. 

I dont and never will Fox News especially after they lost a defamation lawsuit worth millions because they were lying.

[bullets13]

35 minutes ago, Big girl said:

I dont and never will Fox News especially after they lost a defamation lawsuit worth millions because they were lying.

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So you don't watch CNN either, right?

[Eagle11]

13 minutes ago, bullets13 said:

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So you don't watch CNN either, right?

There you go spittin' facts again bullets..........you must stop with the facts man

[5GallonBucket]

58 minutes ago, Big girl said:

I dont and never will Fox News especially after they lost a defamation lawsuit worth millions because they were lying.

You should really stop…. Your embarrassing yourself…..have some self respect.

.if you have a problem with lying you better not watch any tv nor be part of any political party

especially one that lies about what a man and a woman is or is not. 
are you sure your educated but maybe indoctrinated

[OlDawg]

2 hours ago, Big girl said:

Wrong

May want to read up on GLBA 1999. Heck…you can even go back to 1977, CRA & Carter to get the full story since apparently you aren’t old enough to really know how another well intentioned idea came back to bite us in the butt.

[CardinalBacker]

4 hours ago, baddog said:

It’s backing off some, but it surged 1300 points. How can this be? Where are the geniuses?

Well, I came in here to say “you were right” but Trump ran off at his stupid mouth and we’re down again. 
 

He’s a moron. 

[baddog]

1 minute ago, CardinalBacker said:

Well, I came in here to say “you were right” but Trump ran off at his stupid mouth and we’re down again. 
 

He’s a moron. 

The market is a fragile thing. 

[CardinalBacker]

2 minutes ago, baddog said:

The market is a fragile thing. 

No… you have an egomaniac who’s all action, no plan destroying our economy. 

[DCT]

16 hours ago, baddog said:

The market is a fragile thing. 

He is getting some bad advice that has him comparing apples to oranges. If you want to have retaliatory tariffs against other countries tariffs, fine.....I see no problem with that. But tariffs meant to balance trade balances are another issue altogether. There will be significant cost of living issues. But what about goods that are almost exclusively made in China......for example, almost ALL day-to-day medications are made there. Think about what this tariff will do to the price of those. What about thousands and thousands of companies that have goods "on the water" that have been 100% paid for with letters of credit. Effective today, the price doubles because of tariffs.......and China will not be paying those. Thousands and thousands of companies are going to lose mega dollars on goods that have ALREADY been sold UNDER CONTRACT. Again, this is not good. Yes, I know that, as supporters and believers, you want to defend this and "argue for America", but there is a lot beneath the surface that will hurt everyone of you if this matter is not resolved sensibly.

We all can agree to disagree. However, seniors and the less fortunate are suffering.

[DCT]

Just now, DCT said:

He is getting some bad advice that has him comparing apples to oranges. If you want to have retaliatory tariffs against other countries tariffs, fine.....I see no problem with that. But tariffs meant to balance trade balances are another issue altogether. There will be significant cost of living issues. But what about goods that are almost exclusively made in China......for example, almost ALL day-to-day medications are made there. Think about what this tariff will do to the price of those. What about thousands and thousands of companies that have goods "on the water" that have been 100% paid for with letters of credit. Effective today, the price doubles because of tariffs.......and China will not be paying those. Thousands and thousands of companies are going to lose mega dollars on goods that have ALREADY been sold UNDER CONTRACT. Again, this is not good. Yes, I know that, as supporters and believers, you want to defend this and "argue for America", but there is a lot beneath the surface that will hurt everyone of you if this matter is not resolved sensibly.

We all can agree to disagree. However, seniors and the less fortunate are suffering.

I saw this in the comment section of Fox News.  I totally agree.

[OlDawg]

1 hour ago, DCT said:

We all can agree to disagree. However, seniors and the less fortunate are suffering.

This. Around 40% of the country isn’t affected by market volatility investments. They don’t participate because they are barely getting by as it is. Fixed income folks—or those living on their own savings right now—are getting hit. Those on medication (typically older, but I’ve read reports that state 70% of Americans of all ages are on at least one prescription) will get an unexpected hit, and insurance costs will drastically rise if this continues very long.

As a free trader, that would be my preference. I’ll settle for fair trade. I understand what is being attempted. But, I wish the tax cuts had come first.

The blame between D’s, R’s, MAGA’s, Progessives is really silly. We’ve had bad policies from all sides for a long time.

The U.S. began its own problem when we moved away from making stuff to simply making money from money. As a big Mike Rowe fan (and a retired engineering person), I wish we would again put more emphasis on crafts, skills, & trades vs. many of the worthless degrees kids are being suckered into now.

This emphasis would help our security, economy, and individual balance sheets all the way around. We need doers. Offshoring nor AI can take away jobs that require technical support at location.

JMHO

[baddog]

Markets up again today after a slow start, hope it holds. Japan and S. Korea representatives flying here now to make deals.

[baddog]

Holy crap! If this holds, could it be a record rise in one day?