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The coming economic boom!

By Quigley following x   2016 Dec 14, 3:33pm 16,460 views   60 comments   watch   sfw   quote     share    


With the election of Donald J. Trump, the coming recession has been cancelled! Prepare now for a major economic boom as the nation roars back to economic life. Companies and individuals feel confident in investing in America once again, reassured by the incoming President that he wants to make America a business friendly country. Even before he has taken office he has taken steps to encourage companies to stay in the USA and create jobs. Taken as a total package, Trump's plan for the economy is a royal flush and markets are responding.

I'm calling it now. Boom economy starts next year!

Some reference material: http://www.breitbart.com/big-government/2016/12/14/trump-boom-companies-vow-tens-thousands-us-jobs-trump-win/

#investing

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21   Rew   ignore (0)   2016 Dec 16, 12:15am   ↑ like (0)   ↓ dislike (0)   quote        

You can call it a boom. I'll call it a delay to the inevitable downturn.

Additionally the deregulation coming is going to be the likely cause of the next crash. The next leg down will be far worse because of Trump-nomics, not save us from it.

22   TwoScoopsOfSpaceForce   ignore (2)   2016 Dec 16, 8:42am   ↑ like (1)   ↓ dislike (0)   quote        

tr6 says

You are starting to lose you credibility. 5% interest rates are impossible without making middle class completely bankrupt.

Very funny!

I manage my parents finances and basically bonds and CDs are no option, forcing me to be more aggressive with equities than I would like: They don't like real estate.

23   Strategist   ignore (1)   2016 Dec 16, 8:54am   ↑ like (0)   ↓ dislike (0)   quote        

Thunderlips is Tovbot2 says

I manage my parents finances and basically bonds and CDs are no option, forcing me to be more aggressive with equities than I would like: They don't like real estate.

High dividend stocks are an option in that scenario.

24   joeyjojojunior   ignore (1)   2016 Dec 16, 8:58am   ↑ like (0)   ↓ dislike (0)   quote        

"Very funny! I manage my parents finances and basically bonds and CDs are no option, forcing me to be more aggressive with equities than I would like: They don't like real estate."

Are you under the impression that their real rate of return will be higher if interest rates go up? I've seen no evidence that this is the case.

But, some real demand-pull inflation would definitely be welcome in our current debt based economy.

25   SubOink   ignore (0)   2016 Dec 16, 10:34pm   ↑ like (0)   ↓ dislike (0)   quote        

Ironman says

SubOink says

when the Dow has gone from 6k to 20k now

The DOW was at 14K before it became 6K, did you forget that?

SubOink says

We are 8 years into the boom

The DOW didn't get back to 14K until 2013 and had basically flat-lined since Fall 2014 (when QE ended). It just recently started climbing (Nov. 8th).

You are missing my point completely

26   anotheraccount   ignore (1)   2016 Dec 16, 10:42pm   ↑ like (0)   ↓ dislike (0)   quote        

Strategist says

High dividend stocks are an option in that scenario.

You mean like Chevron, which is trading not that far from all time high even though oil is at 52 which is a bit over 1/3 from its all time high.

27   RealEstateIsBetterThanStocks   ignore (0)   2016 Dec 16, 11:58pm   ↑ like (0)   ↓ dislike (0)   quote        

chevron has done well considering the low oil price and a good dividend yield.

28   Strategist   ignore (1)   2016 Dec 19, 10:29am   ↑ like (0)   ↓ dislike (0)   quote        

tr6 says

Strategist says

High dividend stocks are an option in that scenario.

You mean like Chevron, which is trading not that far from all time high even though oil is at 52 which is a bit over 1/3 from its all time high.

AT&T would be a good example too.

29   Quigley   ignore (0)   2016 Dec 19, 11:42am   ↑ like (0)   ↓ dislike (0)   quote        

Oil stocks seem like a solid bet with coming expansion of domestic production and drop in OPEC production.

30   Strategist   ignore (1)   2016 Dec 19, 11:49am   ↑ like (0)   ↓ dislike (0)   quote        

Quigley says

Oil stocks seem like a solid bet with coming expansion of domestic production and drop in OPEC production.

Until OPEC does what they always do. Cheat.

31   HEY YOU   ignore (7)   2016 Dec 19, 12:16pm   ↑ like (0)   ↓ dislike (0)   quote        

Well,the Right/Left,Up/Down,In/Out Economic THEOLOGIANS are busy predicting the future.
To not put geniuses on the spot,what will happen in the next four hours?
Critical thinkers step back & wait to see what happens.
Even they may fail to see a black swan.
I'm not concerned,there has never been a small down turn,recession or depression.

FINANCIALIZE EVERYTHING! Screw the environment & planet if it doesn't make me a buck.

32   Quigley   ignore (0)   2017 Mar 8, 1:59pm   ↑ like (3)   ↓ dislike (0)   quote        

Looks like the doubters were galactically wrong again!

33   APOCALYPSEFUCKisShostikovitch   ignore (32)   2017 Mar 8, 2:32pm   ↑ like (1)   ↓ dislike (0)   quote        

Trillions of fugitive cash from the PRC, Russia and Central Asia will end up being laundered here!

Any garage in Stockton will be valued at 11x the GDP of Finland by this time next year.

34   zzyzzx   ignore (1)   2017 Mar 8, 3:28pm   ↑ like (1)   ↓ dislike (0)   quote        

SubOink says

26% of this country definitely don't have any faith in trump...and feel in despair - they definitely won't be investing any money

Generally speaking, they don't have any.

35   zzyzzx   ignore (1)   2017 Mar 8, 3:28pm   ↑ like (2)   ↓ dislike (0)   quote        

Quigley says

Looks like the doubters were galactically wrong again!

Obligatory:

36   Quigley   ignore (0)   2017 Mar 8, 4:26pm   ↑ like (0)   ↓ dislike (0)   quote        

Trump's approval rating is nearly 50%. That's better than the 40% Obama hovered at for years.

37   Strategist   ignore (1)   2017 Mar 8, 4:29pm   ↑ like (0)   ↓ dislike (0)   quote        

Quigley says

Trump's approval rating is nearly 50%. That's better than the 40% Obama hovered at for years.

Economic recovery right around the corner folks.
Whose fault is it, Zzyzzx?

38   Quigley   ignore (0)   2017 Jul 15, 4:00am   ↑ like (0)   ↓ dislike (0)   quote        

I think we should concentrate on net jobs added or subtracted. Over a million jobs go away forever every single month in America! But then we add even more on most months. Technology and automation are hell for entrenched employees, with most expected to need to retrain many times. Retail especially has been hard hit lately, mostly due to technological factors and the changing ways that consumers shop. Online shopping keeps taking larger bites out of the retail industry, causing more and more outlets to fail.

In five to ten years we will start to see truckers replaced by automation, and that 3.5 million trucker workforce will also be threatened. Will that be Trump's fault?

39   BlueSardine   ignore (2)   2017 Jul 15, 4:55am   ↑ like (0)   ↓ dislike (1)   quote        

Not to worry.
After we are assimilated by the islamic horde of refugees, we will be returned to the good old stone age where manual labor jobs are aplenty.,..

Quigley says

In five to ten years we will start to see truckers replaced by automation, and that 3.5 million trucker workforce will also be threatened. Will that be Trump's fault?

40   Quigley   ignore (0)   2018 Jan 28, 5:30am   ↑ like (5)   ↓ dislike (0)   quote        

The boom is still picking up steam. Unemployment is at record lows. Trillions in offshored money returning to the USA economy. Stock market increased over 50% in the past year!
41   Onvacation   ignore (2)   2018 Jan 28, 8:50am   ↑ like (1)   ↓ dislike (1)   quote        

Bellingham Bill says
Obama was removed as economic entity

He didn't build that!
42   Quigley   ignore (0)   2018 Jul 27, 9:07am   ↑ like (1)   ↓ dislike (0)   quote        

And the Boom continues to pick up steam!
MAGA!
43   rando   ignore (0)   2018 Jul 27, 9:29am   ↑ like (1)   ↓ dislike (0)   quote        

BlueSardine says
islamic horde of refugees


The term "refugees" always cracks me up. They are mostly just young men looking for easy money and easy women in Northern Europe. They could get safety in Turkey, but they don't want to stay there and the Turks don't want them either.

I do suspect that the demand for such immigrants is driven largely by our own easy women who are disgusted that they get everything they demand from our own weak men -- including the mass import of violent foreign men to replace them.
44   TwoScoopsOfSpaceForce   ignore (2)   2018 Jul 27, 9:33am   ↑ like (1)   ↓ dislike (0)   quote        

Also too many obedient men, lots of these Swedish Middle Aged cat ladies WANT a man to be all dramatic and forceful with them. Sven is too kind and quiet and thoughtful.
45   Patrick   ignore (0)   2018 Jul 27, 9:54am   ↑ like (0)   ↓ dislike (0)   quote        

"Baby, hold my purse while I go flirt with that hunk over there."
46   Heraclitusstudent   ignore (1)   2018 Jul 27, 11:59am   ↑ like (0)   ↓ dislike (0)   quote        

Only 4 quarters of Obama's tenure had better growth than this.
47   Quigley   ignore (0)   2018 Jul 27, 12:12pm   ↑ like (2)   ↓ dislike (0)   quote        

Heraclitusstudent says
Only 4 quarters of Obama's tenure had better growth than this.


Meh, here’s a source that puts Obama’s Presidency at the absolute TOP... of presidencies with the lowest average GDP.
https://economix.blogs.nytimes.com/2011/07/29/ranking-the-presidents-by-g-d-p/

I know I know, the NYT, who can trust it?
1.2%! So anemic.

But wait, there’s a more up to date article:
https://www.hudson.org/research/12714-economic-growth-by-president

He’s still sucking hind tit, but his number moved up to 1.5% by the end of his presidency! Hurray! Nearly matches inflation!

Trump Presidency average so far: 2.6%!
48   TwoScoopsOfSpaceForce   ignore (2)   2018 Jul 27, 12:14pm   ↑ like (3)   ↓ dislike (0)   quote        

Obama was coming back from the Greatest Recession since the Great Depression. It's more stunning how slowly the recovery happened, given the fact the government doubled it's public debt by $10T AND flooded the banks with easy money.

To put it in perspective, $10T could have paid the government budget for 3 years without taxes a few years ago.

We could have had a lavish and fully funded-in-advance Moon-to-Mars Program, rebuilt most of the Navy and Air Force, and had trillions more to spare on infrastructure and R&D and massive subsidies for exports.

Instead the money kinda just went to the banks and overseas.
49   MrMagic   ignore (11)   2018 Jul 27, 12:56pm   ↑ like (1)   ↓ dislike (0)   quote        

Heraclitusstudent says
Only 4 quarters of Obama's tenure had better growth than this.


Out of 32 quarters.. that means 28 quarters DIDN'T hit that mark, even with an injection of $4 TRILLION of QE, ZIRP, a $787 BILLION stimulus package and adding $10 TRILLION of new debt.

See the problem yet?

Wanna tell us again how great of a President Obama was?
50   Strategist   ignore (1)   2018 Jul 27, 1:02pm   ↑ like (3)   ↓ dislike (0)   quote        

Congratulations to Quigley and Trump supporters for their awesome forecast.
Trump haters, I don't know what we are gonna do with you guys. I really don't.
51   MrBark   ignore (0)   2018 Jul 27, 2:56pm   ↑ like (1)   ↓ dislike (2)   quote        

Boom, ha. More like Ka-boom before the end of Trump's term. I'm glad he's owning this economy, so when it comes crashing down he can take full blame. Can't wait until he tried to blame Hillary or Obama for it. Our economy is fake, 2008 was just a warm up for the real crash.
52   marcus   ignore (1)   2018 Jul 27, 3:03pm   ↑ like (0)   ↓ dislike (2)   quote        

The question is, is this worth the massive deficits we're running right now ?

Paying for economic growth with massive deficit spending is nothing new.

https://www.nytimes.com/2018/07/25/business/trump-corporate-tax-cut-deficit.html

The deficit this year wil be in the 800 billion to one trillion dollar range. I know that my mentioning that will make you guys change the subject to bring up Obama deficits, that occurred with the worst recession since the depression, and when we were paying for Medicare part D and Iraq war spending that had been put on the credit card by Bush.

That's all irrelevant. IF these are boom times, then it should be one time when deficits are low, or where we even run surpluses as we did toward the end of the Clinton years.


Right wingers: "Yeah, b-b-b-but,.........."
53   MrMagic   ignore (11)   2018 Jul 27, 3:22pm   ↑ like (5)   ↓ dislike (0)   quote        

MrBark says
Boom, ha. More like Ka-boom before the end of Trump's term.


Which term, the first one or the second one?
54   TwoScoopsOfSpaceForce   ignore (2)   2018 Jul 27, 6:42pm   ↑ like (2)   ↓ dislike (0)   quote        

marcus says
The question is, is this worth the massive deficits we're running right now ?


A question that should have been asked 2009-2016, when we added $10T, doubling the debt, in return for a rather sluggish recovery.
56   marcus   ignore (1)   2018 Jul 28, 11:21am   ↑ like (0)   ↓ dislike (1)   quote        

TwoScoopsOfWompWomp says
A question that should have been asked 2009-2016, when we added $10T, doubling the debt, in return for a rather sluggish recovery.


That was a bizzarre deep recession, zirp environment. I knew one of you would try to make that lame argument.

Just don't try to claim that the economy is actually in a healthy boom now, if it's financed with tax cuts and massive deficits.
57   MrMagic   ignore (11)   2018 Jul 28, 12:28pm   ↑ like (2)   ↓ dislike (0)   quote        

marcus says
TwoScoopsOfWompWomp says
A question that should have been asked 2009-2016, when we added $10T, doubling the debt, in return for a rather sluggish recovery.


That was a bizzarre deep recession, zirp environment. I knew one of you would try to make that lame argument.


@marcus interesting on how you decided to pass on this point:

MrMagic says
Out of 32 quarters.. that means 28 quarters DIDN'T hit that mark, even with an injection of $4 TRILLION of QE, ZIRP, a $787 BILLION stimulus package and adding $10 TRILLION of new debt.


It's almost as you think that never happened.....
58   marcus   ignore (1)   2018 Jul 29, 1:24pm   ↑ like (0)   ↓ dislike (1)   quote        

TwoScoopsOfWompWomp says
Instead the money kinda just went to the banks and overseas.


Not altogether unlike where the tax cuts to upper income folks go now ?
59   TwoScoopsOfSpaceForce   ignore (2)   2018 Aug 14, 6:41am   ↑ like (2)   ↓ dislike (0)   quote        

Quigley says

I'm calling it now. Boom economy starts next year!




Fact Check: CORRECT!
60   Aphroman   ignore (7)   2018 Aug 14, 6:49am   ↑ like (0)   ↓ dislike (0)   quote        

SubOink says

Quigley says


Not sure where you're getting that number


Rough Election results:


- 48% didn't vote

- 26% Trump

- 26% Hillary


So you have 26% excited about trump...everyone else - meh! Basically the other way around then in the last 8 years.


And funny how you talk about an economic boom when the Dow has gone from 6k to 20k now...unemplyment 10% to 4.6%...15million some jobs created...etc etc...


But now we are starting a boom? Good morning!! We are 8 years into the boom..(not saying it can't continue but its funny to me how the trump campers now all of a sudden call it a boom...


One would think you can't *uck that up...we will find out soon...



Some people are always late to the party

Take Patnet for example. It’s a housing bubble site. Prescient and aware peoples were finding places like this in 2004/2005. The late to the party type crowd who cannot see the economy for what it is until six+ years late, are the same crowd who were crying that the world was ending in 2011, when the rest of us were already fully invested.

Just look at the people who are only just now predicting a boom economy, lol. Personally I’ve been cashing out of my gains already. But there’s nothing wrong with the slow crowd, just watch what they say and do and get rich off of them

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