For those of you who think Obama was bad for the economy and Trump is good for the economy
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For those of you who think Obama was bad for the economy and Trump is good for the economy

By iwog following x   2017 Sep 21, 9:46am 2,388 views   140 comments   watch   sfw   quote     share    


Republicans are always wrong. No exceptions.

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101   TwoScoopsPlissken   ignore (0)   2018 Jan 10, 1:03pm   ↑ like (3)   ↓ dislike (1)     quote      

We doubled the entire national debt. For that expenditure, we ought to have reached 25,000 by 2013 at the latest. Probably near double digit inflation too.

For the trillions of dollars, we could have probably built several moon or Mars bases with plenty left over to fix every bridge and fill every pothole in the USA and then some.

Basically, Obama bailed out the banks and Citigroup picked his cabinet. Even the GM bailout - it was more a financial company than an auto manufacturer. GMAC/Ally Financial.
102   HappyGilmore   ignore (1)   2018 Jan 10, 1:15pm   ↑ like (0)   ↓ dislike (3)     quote      

TwoScoopsPlissken says
We doubled the entire national debt. For that expenditure, we ought to have reached 25,000 by 2013 at the latest. Probably near double digit inflation too.


Doubling the national debt was from decreased revenue due Bush tax cuts, decreased revenue from the recession, and the stimulus package. The bailout added basically nothing to the debt--in the noise.
103   Sniper   ignore (10)   2018 Jan 10, 1:23pm   ↑ like (2)   ↓ dislike (0)     quote      

DoofusRicky says
I'm still a Mite curious to what happened. Patrick did you delete his goodbye thread or did he take it down himself?


Was that ANOTHER mike drop, emotional moment?
104   Logan Mohtashami   ignore (0)   2018 Jan 10, 1:25pm   ↑ like (1)   ↓ dislike (0)     quote      

iwog says


Terrible chart ... makes no sense due to the price deflation factor and the fact that all developed countries had a down trend in manufacting jobs vs total population

I call this the wet Zero Brain dead chart of the extreme left


You guys are all crazy man.. left and right.. no wonder you're all pissed off all the time ;-)
106   Logan Mohtashami   ignore (0)   2018 Jan 10, 1:28pm   ↑ like (1)   ↓ dislike (0)     quote      

You guys got to up your game on here.... If the world doesn't collapse in the next 10 years I am afraid you're all going to move to Chile and drink some Jim Jones Juice and go to the after life
107   anon_50eca   ignore (0)   2018 Jan 10, 1:49pm   ↑ like (1)   ↓ dislike (0)     quote      

iwog says
TwoScoopsPlissken says
What's really stunning is how much debt was run up and yet it did so little.


You mean like pull us out of the worst recession in 80 years?


Amazing what $4.5 TRILLION of printed money can do!
108   anon_50eca   ignore (0)   2018 Jan 10, 1:49pm   ↑ like (2)   ↓ dislike (1)     quote      

iwog says
TwoScoopsPlissken says
November 2016: If Trump is elected, market will crash.


November 18th, 2016

iwog says
However Trump's new tax policy


November 18th, 10 DAYS after Trump won and it was apparent that the stock market WASN'T going to crash like all the "experts" predicted.

That was just a Monday morning Quarterback prediction on the 18th, so simple, even a caveman could do it.

I wonder if that's an edited thread.
109   SubOink   ignore (0)   2018 Jan 10, 2:07pm   ↑ like (0)   ↓ dislike (0)     quote      

Logan Mohtashami says
You guys got to up your game on here.... If the world doesn't collapse in the next 10 years I am afraid you're all going to move to Chile and drink some Jim Jones Juice and go to the after life


So you are predicting a boom and run up that will go on for 10 years from now? DOW 50k then?
110   SubOink   ignore (0)   2018 Jan 10, 2:08pm   ↑ like (2)   ↓ dislike (0)     quote      

By the way - welcome back Logan!

You and Iwog are the gladiators here - love reading you guys debates / battles / agreements / disagreements - good stuff!
111   Goran_K   ignore (0)   2018 Jan 10, 2:28pm   ↑ like (1)   ↓ dislike (3)     quote      

Logan Mohtashami says
Terrible chart ... makes no sense due to the price deflation factor and the fact that all developed countries had a down trend in manufacting jobs vs total population

I call this the wet Zero Brain dead chart of the extreme left


You guys are all crazy man.. left and right.. no wonder you're all pissed off all the time ;-)


Yup, the anger factor has definitely increased on this forum the past 12 months or so.
112   errc   ignore (2)   2018 Jan 10, 2:31pm   ↑ like (1)   ↓ dislike (3)     quote      

Goran_K says
Logan Mohtashami says
Terrible chart ... makes no sense due to the price deflation factor and the fact that all developed countries had a down trend in manufacting jobs vs total population

I call this the wet Zero Brain dead chart of the extreme left


You guys are all crazy man.. left and right.. no wonder you're all pissed off all the time ;-)


Yup, the anger factor has definitely increased on this forum the past 12 months or so.


Yea people are angry anout Trump lol

It has nothing to do with the return of the forum troll and his newfound bodyguard to chase off posters that add value.
113   DoofusRicky   ignore (1)   2018 Jan 10, 2:35pm   ↑ like (0)   ↓ dislike (1)     quote      

Brother you need not worry. The villainous Iwog has been banished from this place and his threads deleted. No doubt the tales of his evil Deeds will only grow more embellished with truth and accuracy. Praise kek.
114   DoofusRicky   ignore (1)   2018 Jan 10, 2:36pm   ↑ like (1)   ↓ dislike (1)     quote      

anon_50eca says
I wonder if that's an edited thread.


How could anyone even doubt the truth of this? He was a scourge. We are fortunate that rules can be broke to allow the truthful slander of such an evil character by an anon.
115   Logan Mohtashami   ignore (0)   2018 Jan 10, 2:40pm   ↑ like (1)   ↓ dislike (1)     quote      

Be careful about political economic theory vs real economics

Right believes in the non sense that higher federal debt leads to currency induced inflation

while

left totally reads the productivity vs good producing chart the wrong way






Problem is the same always, if you talk about economics right... it is terribly boring ...
116   FortWayne   ignore (0)   2018 Jan 10, 7:17pm   ↑ like (0)   ↓ dislike (0)     quote      

Logan where do you see our economy in next 5-10 years?
117   Strategist   ignore (1)   2018 Jan 10, 7:30pm   ↑ like (1)   ↓ dislike (0)     quote      

anon_50eca says
November 18th, 10 DAYS after Trump won and it was apparent that the stock market WASN'T going to crash like all the "experts" predicted.

That was just a Monday morning Quarterback prediction on the 18th, so simple, even a caveman could do it.

I wonder if that's an edited thread.


Yes, it was pretty obvious. Not just after 10 days, but after 24 hours, when Wall Street quickly reanalyzed Trump's surprising win and concluded a bright future.
118   Strategist   ignore (1)   2018 Jan 10, 7:35pm   ↑ like (0)   ↓ dislike (0)     quote      

Hey Logan,
Your pick of KBH at around $11.00??? is doing pretty good. It was up 4% in after hours today.
What will you do with all that money? I'll be glad to help you spend it.
119   Logan Mohtashami   ignore (0)   2018 Jan 10, 7:47pm   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says
What will you do with all that money? I'll be glad to help you spend it.

What timing you asked, I paid off my investment property today, free and clear now
120   Logan Mohtashami   ignore (0)   2018 Jan 10, 7:49pm   ↑ like (0)   ↓ dislike (0)     quote      

FortWayne says
Logan where do you see our economy in next 5-10 years?


90 days.. that is the realistic outlook short term in terms of macro profiling

The one benefit going out is that our demographics will be better for household formation, especially years 2020-2024



This is only a replacement working theory not a growing labor force thesis

121   Logan Mohtashami   ignore (0)   2018 Jan 10, 7:51pm   ↑ like (0)   ↓ dislike (0)     quote      

Announcing my own Cryptocurrency

Logan Coin Backed by all my charts



122   WookieMan   ignore (0)   2018 Jan 10, 7:55pm   ↑ like (0)   ↓ dislike (0)     quote      

Logan Mohtashami says
Strategist says
What will you do with all that money? I'll be glad to help you spend it.


What timing you asked, I paid off my investment property today, free and clear now

This isn't a criticism necessarily, but you fit the hyper active, spastic, salesly type based off that check. Write smaller! Fit that shit on the line!

Also, you just switch to BOA or an older checkbook? 203?
123   Strategist   ignore (1)   2018 Jan 10, 7:59pm   ↑ like (0)   ↓ dislike (0)     quote      

Logan Mohtashami says
Announcing my own Cryptocurrency

Logan Coin Backed by all my charts





I love devils. Put me in for $100.00
I expect it to go to $1 million by the end of the year.
124   Logan Mohtashami   ignore (0)   2018 Jan 10, 8:02pm   ↑ like (0)   ↓ dislike (0)     quote      

WookieMan says
Also, you just switch to BOA or an older checkbook? 203?


I haven't written a check in so long... I had to look for one book ....
125   Strategist   ignore (1)   2018 Jan 10, 8:02pm   ↑ like (0)   ↓ dislike (0)     quote      

Logan Mohtashami says


What timing you asked, I paid off my investment property today, free and clear now


You are such a Capitalist Peeg. Hope you can sleep?
126   Logan Mohtashami   ignore (0)   2018 Jan 10, 8:03pm   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says
I expect it to go to $1 million by the end of the year.
127   Logan Mohtashami   ignore (0)   2018 Jan 10, 8:04pm   ↑ like (0)   ↓ dislike (0)     quote      

Thing with Bitty, less than 4,000 people own most of the bitty out there, so you have no major sellers in yet... But, I kid you not, google search on how to buy bitcoin with debt exploded toward at the end of the year and then the Kodak act this week....

Yikes
128   Logan Mohtashami   ignore (0)   2018 Jan 10, 8:06pm   ↑ like (0)   ↓ dislike (0)     quote      

FortWayne says
Logan where do you see our economy in next 5-10 years?


For 2018... this is the best I can come up with

https://loganmohtashami.com/2017/12/31/2018-economic-housing-predictions/
129   anon_ed65c   ignore (0)   2018 Jan 10, 8:21pm   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says
What will you do with all that money? I'll be glad to help you spend it.
What timing you asked, I paid off my investment property today, free and clear now
130   Logan Mohtashami   ignore (0)   2018 Jan 10, 8:23pm   ↑ like (1)   ↓ dislike (1)     quote      

Strategist says

You are such a Capitalist Peeg. Hope you can sleep?


If you buy in the next hour... I will throw in a T-Shirt and cup too

131   BorderPatrol   ignore (1)   2018 Jan 10, 10:02pm   ↑ like (0)   ↓ dislike (0)     quote      

why pay off the loan when interest rate is so low and stocks market is booming?

BTW I "paid off" all of mines this morning as well. wrote checks took photos then threw them into trash can.
132   SubOink   ignore (0)   2018 Jan 10, 10:21pm   ↑ like (0)   ↓ dislike (0)     quote      

Logan Mohtashami says
I haven't written a check in so long... I had to look for one book ....


LOL! Ain't that the truth. I am still on a checkbook from 2 previous addresses ago - over 10 years ago. What's a check??
133   SubOink   ignore (0)   2018 Jan 10, 10:24pm   ↑ like (0)   ↓ dislike (0)     quote      

So Logan, you are not onboard the crash model?

stockmarket continuing its rise for ? how many years would you guess?
134   Logan Mohtashami   ignore (0)   2018 Jan 10, 10:27pm   ↑ like (0)   ↓ dislike (0)     quote      

SubOink says
stockmarket continuing its rise for ? how many years would you guess?


With PMI data where it's at and earnings cushion from the tax cuts 2018 is fine, I don't like ever going out 12 months, really 90 days to be honest
135   Logan Mohtashami   ignore (0)   2018 Jan 10, 10:29pm   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says


Strategist
WookieMan says


WookieMan


Gentlemen request if you could delete that check ;-) probably not the smartest idea to post that
136   anon_bf07a   ignore (0)   2018 Jan 11, 9:04am   ↑ like (0)   ↓ dislike (0)     quote      

iwog says

Where you and I diverge is that the borrowed money is all going to be given to billionaires and supply side is a fraudulent theory. This ends up with a gutted consumer class, no jobs, and a depression. It's just going to be delayed while all the new cash gets squirreled away.


Three dislikes, very impressive. The whole tax bill is a giant pump and dump for the 2020 election. All the new found corporate tax cut cash will drive equities through the roof, everyone will be singing happy days are here again, and then the roof falls in after the election.
137   anotheraccount   ignore (1)   2018 Jan 11, 9:08am   ↑ like (0)   ↓ dislike (0)     quote      

anon_bf07a says
everyone will be singing happy days are here again, and then the roof falls in after the election.


Not if interest rates back up. If you are a bond investor with long duration, you have to be concerned at least a little bit that the deficits are going to be yuge and we are not in deep recession as we were in 2008-2009. If 10 years get above 3% somehow, it will slow down some sectors of the economy.
138   Strategist   ignore (1)   2018 Jan 11, 9:18am   ↑ like (0)   ↓ dislike (0)     quote      

Logan Mohtashami says
Strategist says


Strategist
WookieMan says


WookieMan


Gentlemen request if you could delete that check ;-) probably not the smartest idea to post that


I cashed it.
139   SubOink   ignore (0)   2018 Jan 11, 12:13pm   ↑ like (0)   ↓ dislike (0)     quote      

Logan Mohtashami says
With PMI data where it's at and earnings cushion from the tax cuts 2018 is fine, I don't like ever going out 12 months, really 90 days to be honest


Fair enough Logan
140   Logan Mohtashami   ignore (0)   2018 Jan 12, 7:58am   ↑ like (0)   ↓ dislike (0)     quote      

BorderPatrol says
why pay off the loan when interest rate is so low and stocks market is booming?


The home only had a 2nd lien on it not a first mortgage, investment home loan, the rate was up to 6.5% after the first few rate hikes. Better cash flow now 1,375 rent vs 600 taxes , expense & HOA. With the loan on now it was a 642 payment. That is why I did it, home sits with 330K value now. Still a long term play here.

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