Dow Falling

Discussion in 'Politics' started by GMDGator, Feb 2, 2018.

  1. Detroitgator

    Detroitgator General Factotum
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    Started with Wilson, started going nuts with FDR/new deal, has been full retard with all since LBJ... but started with a lot of things around 1912-13...
     
  2. '78

    '78 Dazed and Confused
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    What happens when you give lawmakers a blank check.
     
    • Detroitgator

      Detroitgator General Factotum
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      That happened in 1971 under Nixon. ;)
       
    • '78

      '78 Dazed and Confused
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      You talking about us going off the gold standard?
       
    • Detroitgator

      Detroitgator General Factotum
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      I call it “the day America declared bankruptcy”, and no, I’m not saying we have to go back to it, but that’s the day we admitted that man with pen and voters couldn’t control himself. Look at EVERY chart going back to that date, especially national debt and all the things that look good (markets) that are really just inflation/devaluation driven.
       
      • '78

        '78 Dazed and Confused
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        Yep.
         
      • Concrete Helmet

        Concrete Helmet Hook, Line, and Sinker
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        Interesting point and one that I ponder on a everyday basis. I'm very late coming into the market so most of my eggs are in real estate. I'm happy that the RE market is doing well, here at least, while the rates remain low. Our problem is that entry level and lower-middle class home inventory is scarce and other than 2 small commercial properties that's what I'm holding. The prices are starting to swell to the point I'm worried about the bubble bursting too fast....In my eyes an increase in rates can help by controlling buyers/borrowers DTI and can actually keep some from biting off more than they can chew ala 2003-2006.... Exciting times right now but a little scary for a conservative natured person like me.
         
        • Detroitgator

          Detroitgator General Factotum
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          Best analogy for gold: a good, tailored suit. One ounce would buy you one 100 years ago and only buys you one today. Nothing more, nothing less. Charts that are interesting are those of things (e.g., a house, eggs, car... whatever) priced in ounces (not dollars) of gold 100 years ago and today.
           
        • '78

          '78 Dazed and Confused
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          Buffett on gold:

          "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
           
        • Detroitgator

          Detroitgator General Factotum
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          Yes, and Alan Greenspan, the guy who wrote a paper talking the merits of gold 40 years ago, but called it a "barbaric relic" while Chairman of the Fed, now praises gold again... go figure.
           
        • '78

          '78 Dazed and Confused
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          Paper is seldom as good as the printing press it comes off.
           
        • itsgr82bag8r

          itsgr82bag8r Political Forum Fire Starter
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          Soooooooo, we selling or buying? :grin:
           
          • Bammer

            Bammer Serving up sh*t sandwiches
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            Probably.
             
            • Gator Fever

              Gator Fever Senior Member

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              The Feds (Central Bank) bought nearly 1 trillion in those trash mortgage backed securities and much of it is still on their books I believe. That was separate from the other bailout. It was done either prior to the treasury purchases or started about the same time. It was part of the trillions in QE.
               
              • Scott512

                Scott512 Senior Member

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                Im glad the dow jones bounced back friday but in 7 days exxon mobil went down from $87 a share to $76 a share. Ugh.
                 
                • '78

                  '78 Dazed and Confused
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                  It was the Treasury that bought the subprime as part of the Emergency Economic Stabilization Act of 2008. The Fed bought 500B in US agency MBS and another 100B in agency debt.
                   
                • Gator Fever

                  Gator Fever Senior Member

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                  Not sure what it is exactly now but the feds have 1.7 trillion in mortgage backed securities on their books in one form or another. It was about 600 billion or right around that figure originally in QE1 they bought of that trash from the private entities mostly but they have a bunch more on their balance sheet now from agency MBS. I think QE 3 allowed this. Its a joke all that was allowed imo.
                   
                  #157 Gator Fever, Feb 10, 2018
                  Last edited: Feb 10, 2018
                • NVGator

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                  Do any of you need a good Realtor? I know one.
                   
                  • bradgator2

                    bradgator2 1/29/17 half marathon - 1 hour, 34 min, 2 secs
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                    Definitely a side topic, but good realtors are very rare imo. I’ve met a few.... but damn, most are essentially worthless.
                     
                    • itsgr82bag8r

                      itsgr82bag8r Political Forum Fire Starter
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                      I hear property is starting to become available in SF recently with people finally having enough of the ultra left wing politics & leaving the state. Might have a hard time finding buyers though. :grin:
                       

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