Posted on 11/15/2023 8:33:44 AM PST by ChicagoConservative27
There is no perfect market, it does what it does, it goes up and down. Anyone who predicts is only right when they play and get lucky.
We do know when rates go up the market goes down and vice versa. We know the economy ebbs and flows in a cycle. When consumers get full they stop consuming for a bit. On it goes.
Clintoon had nothing to do with that boom. Reagan set it up for him, the bust of high inflation was beat and the economy had to recover. A recovery is not a boom, just a recovery. Obama never even had that.
Old money doesn't make money in a recovery, just the new money put in at the right time and waiting on growth. People that crow about growth in a recovery give me a royal pain in the ass. Until the markets get back to their previous peak there is no growth in the market. Saying anything else is either stupid or dishonest.
I’m a fan of the first half of Ted Kaczynski’s book.
It’s when he starts the idea of killing random people where he lost me.
In all seriousness, technology is clearly a double edged sword.
Essentially all knowledge is available on the internet, but people spend more time looking at whores and watching bum fights.
Social media is largely just a mental form of cancer.
I have zero social media, unless here counts.
Almost 100% of tv is gone from my life as well.
Moving towards just real life activities and reading books has helped my mind calm down, improved the ability to concentrate and clarify thoughts, and be more content.
Personally I have found that an important part of freedom is the freedom to not do things, not participate. Simplification/minimalism is a legit practice.
Back then when the Republicans and Democrats disagreed, the government budget got frozen with no new programs and spending on old ones held down so the budget was almost balanced (ignoring Social Security’s surpluses hiding some of the general deficit). Now with the new alliance, both Republicans and Democrats spend like drunken sailors when they have an impasse over what to spend. Yeah, bankruptcy!
MarketWatch, like Business Insider, is a nothing but a mouthpiece for globalist liberals.
Often I find their articles to be false flags to be taken as contrarian signals.
Here, they are likely trying to suck in the last few buyers at a market top who will be left holding the bag when a market downdraft hits.
In the 1990s, the baby boomers were in their prime working years, age 35 to 55.
During the 2020s, the millennials will be in the same age bracket. This generation is even larger than the baby boomers.
So, yes, the demographic foundations are there for a boom. Public policy could either encourage a boom, or stifle it. If the millennials join with the boomers to elect a decent government, we might have something.
“The era of Big Government is over!” Bill Clinton, State of Union speech, 1995.
The elites want to lure the sheeple deep into the stock market—and then enjoy watching them go broke when it crashes.
disagree. something just like that period is happening now. only its bigger and more profound. ai one part. advanced robotics is another. advanced genetics is a third. advanced materials development. In a couple years the always 20 years in the future fusion power will suddenly become a reality and collapse the cost of electricity. the year for that will be 2028. the helios corporation has signed a contract with microsoft to provide electricity for their washington office and production facility via fusion energy for .01@ kwh. That announcement was published in the wall st journal a couple months ago.
disagree. something just like that period is happening now. only its bigger and more profound. ai one part. advanced robotics is another. advanced genetics is a third. advanced materials development. In a couple years the always 20 years in the future fusion power will suddenly become a reality and collapse the cost of electricity. the year for that will be 2028. the helios corporation has signed a contract with microsoft to provide electricity for their washington office and production facility via fusion energy for .01@ kwh. That announcement was published in the wall st journal a couple months ago.
“BOTH residential and commercial real estate ARE CRASHING RIGHT NOW”
I am only down 5% from the 2022 peak. Now back on the trendline after the 2022 33% spike.
No crash here.
“And look how bad tech has gotten us.”
Yech has allowed you to post your misguided rant!
Tread very carefully.
The debt our there—public and private—is mind boggling.
This never ends well.
The budget was never balanced under Bill Clinton. There were several factors which made it appear so. Mostly accounting gimmicks
Making some expenditures off budget. So you still had to pay for them but they weren’t listed in the budget as an expenditure
Counting Social Security taxes as part of the general funds intake
And probably the biggest thing was the treasury borrowing much more of its money on short-term t-bills because they offered a lower interest rate, the drawback being that there was the possibility that they would have to be renewed at a higher rate. So the balance budget was more a temporary lowering of the cost of financing the deficit and the debt.
“Old money doesn’t make money in a recovery, just the new money put in at the right time and waiting on growth.”
My old money keeps on making money! I have pulled money out of my IRA (at least 5% per year) since retiring in 2011 and there is more there now than in 2011.
My company has experienced about 3 weeks of down internet and phone service. Friends high school (where she works) has multiple breakdowns per month.
Combining phone and internet? Sure great idea, if it works.
Misguided rant? Shirley you jest!
Congress, not the president, controls the purse strings. And controlling the purse strings is a huge factor in the economy.
Clinton inherited an economy that was still churning along on the Reagan reforms. He immediately set out to destroy it, but Republicans were elected into Congress and stopped those plans. Clinton fought against some of the Republican measures to control government and encourage people to be more responsible (welfare reform) but eventually went along with them because, to him, popularity was more important than his radical socialist agenda.
Also, the tech boom happened during that time.
Actually, it was a Newt Gingrich boom.
I remember the Republican-passed Contract With America.
Oh come now....Joe’s got offshore wind, solar, EVs all going hot hot hot.
Boomtime baby !
I forgot about that railroad Biden is building in the Indian Ocean. Where was that?
As I recall, Newt’s fiscal responsibility in the House, along with the contract with America saved Bill’s bacon - big time.
The House forced him to sign their BUDGET which saved the economy.
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