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Trump is the bankruptcy president, cost of debt exploding while gas at the pumps is skyrocketing

By APHAman following x   2018 May 15, 7:27am 2,104 views   60 comments   watch   sfw   quote     share    


https://finance.yahoo.com/news/u-10-yield-reaches-highest-130123813.html

The Market is speaking and it’s saying Trump will be the President who bankrupts the United States. Big surprise, lol

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21   edvard   ignore (2)   2018 May 15, 9:04am   ↑ like (0)   ↓ dislike (1)   quote   flag        

"If that's true then why were Libtard heroes Krugman/Cuban predicting a massive crash as soon as Trump won the election? "

Way to add something totally unrelated buddy... The economy was in fact in great shape when Trump took office.

"Liberals hate jobs, pound chest demanding handouts."
No, its more that sane, rational people don't like dipshit presidents and their brainwashed followers.


"Trump came into office every young person I knew from 17 to 31 was unemployed and had been for the last 8 years. They saw no value what so ever working at Chipotle 17 hours max a week and not have Obamacare because Chipotle was one of Obama's cronies that he made the 17 hour loophole for further insuring nobody will work an adult sized job. "

And guess what? Most of those young folks are still either unemployed or underemployed. Nothing has fundamentally changed with the economy and Trump has done nothing meaningful. All he's done is a few token things- like try and stop Carrier from shutting down a factory, which is shutting down anyway. Trump can't even get the most basic of infrastructural bills passed.
22   Goran_K   ignore (1)   2018 May 15, 9:07am   ↑ like (3)   ↓ dislike (0)   quote   flag        

edvard says
The economy was in fact in great shape when Trump took office.


"Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work," Krugman wrote. "So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened." - Krugman, November 2016

23   edvard   ignore (2)   2018 May 15, 9:13am   ↑ like (0)   ↓ dislike (1)   quote   flag        

Did you not read what I wrote? I wasn't talking about what Krugman or anyone else said. I was stating a basic fact- that the economy was ALREADY in good shape when Trump took office. Is that clear or are you gonna' be a parrot and harp the same shit again?
24   Goran_K   ignore (1)   2018 May 15, 9:18am   ↑ like (3)   ↓ dislike (0)   quote   flag        

edvard says
Did you not read what I wrote? I wasn't talking about what Krugman or anyone else said. I was stating a basic fact- that the economy was ALREADY in good shape when Trump took office. Is that clear or are you gonna' be a parrot and harp the same shit again?


So Krugman is an idiot right? And all leftards should totally disavow him? That's all I'm asking, then we can continue to whatever point you want to next.
25   mell   ignore (2)   2018 May 15, 9:23am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Goran_K says
edvard says
Did you not read what I wrote? I wasn't talking about what Krugman or anyone else said. I was stating a basic fact- that the economy was ALREADY in good shape when Trump took office. Is that clear or are you gonna' be a parrot and harp the same shit again?


So Krugman is an idiot right? And all leftards should totally disavow him? That's all I'm asking, then we can continue to whatever point you want to next.


Funny how leftoids claim people worship Trump. Most conservatives and Libertarians I know have very differentiated views and while they overall may approve of Trump, they don't always agree. Now compare that to the cult of Krugsheister who has been spectacularly wrong since jumping on the Keynesian bandwagon, spouting his nonsense and being adored by the leftoids. Lol
26   APHAman   ignore (8)   2018 May 15, 9:32am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Goran_K says
edvard says
The economy was in fact in great shape when Trump took office.


"Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work," Krugman wrote. "So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened." - Krugman, November 2016



Don’t take this as a personal attack, but you seem to be the only person on the forum following Krugman and fawning over his predictions. I forgot the guy existed, and I would never suggest taking financial advice from a media figurehead

I do all my own DD and make my own investments, the only reason I’d ever listen to a dipshit like Cat Sweater Krumbman is to fade him. Like watching ESPN for your sports bets
27   APHAman   ignore (8)   2018 May 15, 9:35am   ↑ like (0)   ↓ dislike (1)   quote   flag        

mell says
Goran_K says
edvard says
Did you not read what I wrote? I wasn't talking about what Krugman or anyone else said. I was stating a basic fact- that the economy was ALREADY in good shape when Trump took office. Is that clear or are you gonna' be a parrot and harp the same shit again?


So Krugman is an idiot right? And all leftards should totally disavow him? That's all I'm asking, then we can continue to whatever point you want to next.


Funny how leftoids claim people worship Trump. Most conservatives and Libertarians I know have very differentiated views and while they overall may approve of Trump, they don't always agree. Now compare that to the cult of Krugsheister who has been spectacularly wrong since jumping on the Keynesian bandwagon, spouting his nonsense and being adored by the leftoids. Lol


Really? All i ever see from Trumpublicans is unquestioning support. And while some would like to claim to distance themselves from the extra shitty stuff, at the end of the day you have to take the good and the bad so best to stop making excuses and worrying about Hillary, and start holding your Trumpublicans feet to the fire
28   edvard   ignore (2)   2018 May 15, 9:36am   ↑ like (0)   ↓ dislike (1)   quote   flag        

"So Krugman is an idiot right? And all leftards should totally disavow him? That's all I'm asking, then we can continue to whatever point you want to next."

Dude... I was not fucking talking about Krugman nor do I give one shit about him. Do you or do you not understand this?

"Really? All i ever see from Trumpublicans is unquestioning support. "

Because they are brainwashed. Plain and simple.
29   HEYYOU   ignore (23)   2018 May 15, 9:47am   ↑ like (1)   ↓ dislike (1)   quote   flag        

I believe gas got to $4.35 in N GA. under Bush.
Should have the bitching & moaning by Republicans.

Patnet pool- How high will gas go?

mell says
Most conservatives and Libertarians I know have very differentiated views


Nice way of saying they don't know shit except for the massive piles in their heads.
They have not called for the elimination of taxes.

If one is for any tax,what is the word used to describe them?
30   marcus   ignore (6)   2018 May 15, 9:52am   ↑ like (0)   ↓ dislike (1)   quote   flag        

FortWayne says
Salaries up, jobs up, economy is doing well


But what's up the most under Trump ?

1) Lies

2) Propaganda

3) Anti Free Press

and Authoritarianism in general. FortWayne, does big daddy Trump give you goose bumps ? Does he make you all tingly in your nether regions ?

The tax cuts should have stimulated the economy more than they have. The reason it's not better is that everyone knows we couldn't really afford those tax cuts. It's just borrwing from the future. Brilliant politically. It's the only reason the republicans even stand a chance in this fall's elections.
31   DASKAA   ignore (3)   2018 May 15, 10:05am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Aphroman says
Hassan_Rouhani says
OMG, time to flee to Venezuela!


Yea butt Muh Hillary!!!


Tak her with.
32   mell   ignore (2)   2018 May 15, 10:07am   ↑ like (1)   ↓ dislike (0)   quote   flag        

HEYYOU says
Nice way of saying they don't know shit except for the massive piles in their heads.
They have not called for the elimination of taxes.


Not at all it's a virtue of differentiated thinking. Something the left should try as groupthink
afflicts their membees far more.
33   CBOEtrader   ignore (2)   2018 May 15, 10:14am   ↑ like (0)   ↓ dislike (0)   quote   flag        

edvard says
Because they are brainwashed. Plain and simple.


It must be all that pro-Trump MSM propaganda. eyeroll
34   edvard   ignore (2)   2018 May 15, 10:20am   ↑ like (1)   ↓ dislike (1)   quote   flag        

"It must be all that pro-Trump MSM propaganda. eyeroll"

No, its that Trump is more or less FOX news, Sean Hannity ( who apparently talks with Trump on the phone at night ) Rush Limbaugh and so on all rolled into one meaning he is a living breathing incarnation of the far right's biggest fantasies and hell or high water they'll stay on that ship even if it sinks. That's what I'd call brainwashed.
35   CBOEtrader   ignore (2)   2018 May 15, 10:26am   ↑ like (2)   ↓ dislike (0)   quote   flag        

"cost of debt exploding"

Rates have been manipulated lower for at least 25 years. This trend is almost entirely out of Trumps control. Rising rates is also a good sign, typically. The pressure for rates to rise due to bubbles/etc was always there, however the Fed felt it couldn't raise rates in an otherwise weak economy. The Trump train is generating a YUGE real economic effect, allowing the Fed to finally do what it needs to do.

"while gas at the pumps is skyrocketing"

Just a supply/demand blip. Oil was at a crazy low level just a few years back. Didn't it touch $30/barrel for a hot minute?

Oil is effected by 3 main factors: value of the dollar (largely out of Trumps control), Opec production (entirely out of Trumps control) and demand.

Trumps economy has brought more demand for sure.
36   APHAman   ignore (8)   2018 May 15, 10:49am   ↑ like (0)   ↓ dislike (0)   quote   flag        

edvard says
"It must be all that pro-Trump MSM propaganda. eyeroll"

No, its that Trump is more or less FOX news, Sean Hannity ( who apparently talks with Trump on the phone at night ) Rush Limbaugh and so on all rolled into one meaning he is a living breathing incarnation of the far right's biggest fantasies and hell or high water they'll stay on that ship even if it sinks. That's what I'd call brainwashed.


Liberals demand transvestites in every bathroom

Breitbart told me so
37   NuttBoxer   ignore (2)   2018 May 15, 11:05am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Aphroman says
The Market is speaking and it’s saying Trump will be the President who bankrupts the United States. Big surprise, lol


Yes, because none of that ever happened before Trump. We never had a national debt in the trillions, never built our economy on fiat currency, never had a warmongering, imperialist outlook with a defense budget in the billions, and never fucking ever blew any bubbles in any markets, because we were governed by sound currency, and an aversion to leverage.

Well we're at it, I'd like to blame Hurricane Katrina, 9/11, The Crusades, and my dogs dermatitis on TRUMP!
38   edvard   ignore (2)   2018 May 15, 11:14am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Let me mention this again. An awful lot of indicators out there suggests we're likely in for a recession within the next year. In fact my financial advisor who has been in the biz for over 50 years has gone as far as to change some of their positions due to what he and the company foresee as a rough road within the next 12 months.

You look at it at face value and that means we will most likely be heading into or already being in a recession come the next election cycle.

Wanna' get Johnny Redneck to panic and suddenly vote for someone else? Mess up the economy and that's usually what happens no matter who happens to be president. We are almost 10 years into the current boom. The cycle is almost at peak as we speak...
39   FNWGMOBDVZXDNW   ignore (2)   2018 May 15, 11:18am   ↑ like (1)   ↓ dislike (0)   quote   flag        

The Bankruptcy president. I like it. Moral and economic bankruptcy.

Obama kept taxes low to pull us out of the great recession. Republicans bitched and moaned about the debt the whole time. Now that we are out of the recession, unemployment is low, and the fed is raising rates, one would expect to pull back on the Bush tax cuts to bring the deficit back down and possibly run a surplus. No! No! No! Big, bigger, biggest tax cuts. Must give more money back to the people. Don't worry about the debt. The economy will expand so fast it will make up for the shortfall. Oh, and deport millions. Don't worry about the effect that will have on the economy, tax revenues, and future SS/Medicare issues.
40   TwoScoopsOfSpaceForce   ignore (4)   2018 May 15, 11:22am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Goran_K says
Yeah, that usually happens when demand increases. Wonder what could possibly causing the spike in demand, and people getting into their cars in the morning?


Typically gas prices rise when economy collapses and wages are shrinking, real Wrath of God type stuff.
41   Goran_K   ignore (1)   2018 May 15, 11:24am   ↑ like (3)   ↓ dislike (0)   quote   flag        

mell says
Funny how leftoids claim people worship Trump. Most conservatives and Libertarians I know have very differentiated views and while they overall may approve of Trump, they don't always agree. Now compare that to the cult of Krugsheister who has been spectacularly wrong since jumping on the Keynesian bandwagon, spouting his nonsense and being adored by the leftoids. Lol


I remember when certain individuals were bolstering Krugman on this website and claiming that the Keynesians were saving the economy.

Now, they don't even admit that they were on the Keynesian bandwagon and pretend it "doesn't matter" ever since Trump basically shit all over their pseudo-science.

I'll be book marking this thread for sure.
42   Goran_K   ignore (1)   2018 May 15, 11:26am   ↑ like (2)   ↓ dislike (0)   quote   flag        

edvard says
Let me mention this again. An awful lot of indicators out there suggests we're likely in for a recession within the next year. In fact my financial advisor who has been in the biz for over 50 years has gone as far as to change some of their positions due to what he and the company foresee as a rough road within the next 12 months.


I'll go ahead and quote this (unmodified). The next 12 months should be interesting.
43   DASKAA   ignore (3)   2018 May 15, 11:27am   ↑ like (3)   ↓ dislike (0)   quote   flag        

Soo, if you agree that high gas prices are bad, will you join us, brother, in lambasting Democratic Party for making it $1 more expensive in CA than in the rest of the country?
44   edvard   ignore (2)   2018 May 15, 12:38pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

"Soo, if you agree that high gas prices are bad, will you join us, brother, in lambasting Democratic Party for making it $1 more expensive in CA than in the rest of the country?"

Not I. I drive an electric car and charge for free at work. As far as I'm concerned gas prices can climb to $6 a gallon or more. Too many people driving big-ass ridiculous looking trucks and SUVs on the freeway these days...
45   DASKAA   ignore (3)   2018 May 15, 12:40pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

edvard says
Not I. I drive an electric car and charge for free at work. As far as I'm concerned gas prices can climb to $6 a gallon or more.


So you're basically saying "screw you, I've got mine!" to the poor? Tsk-tsk-tsk.
46   APHAman   ignore (8)   2018 May 15, 1:14pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Hassan_Rouhani says
edvard says
Not I. I drive an electric car and charge for free at work. As far as I'm concerned gas prices can climb to $6 a gallon or more.


So you're basically saying "screw you, I've got mine!" to the poor? Tsk-tsk-tsk.


The poor drive old Honda Civic’s, what with Trump giving them a job and yuge tax cut, they’re going to survive Trumpublicans rising gas prices. Funny that the Trump base are the same people who drive vehicles with piss poor mpg
47   ForcedTQ   ignore (0)   2018 May 15, 2:45pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

If you still hold financial accounts in "Banks," you need to wake up and smell the bacon.

Time to move to Credit Unions where YOU are a shareholder.

It's time the public pounded the banks into submission, like the banks have been doing to the public since 1913.....
48   edvard   ignore (2)   2018 May 15, 2:51pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

"So you're basically saying "screw you, I've got mine!" to the poor? Tsk-tsk-tsk."

In all seriousness... believe it or not even gently used plugin hybrids and EVs are dirt cheap. They lose their values like crazy. Bought mine for about 60% less than it cost new. You can now get something like a used Nissan Leaf, Fiat 500e, or Chevy volt for well under 10k, and less for the first two. I've seen used Fiat 500e's for $6,500. EV's make great little commutin' machines and if your office lets you charge at work, driving becomes insanely cheap. Thus the "poor" should be able to afford one of these if they really wanted.
49   MrBark   ignore (0)   2018 May 15, 2:51pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Hassan_Rouhani says
edvard says
Not I. I drive an electric car and charge for free at work. As far as I'm concerned gas prices can climb to $6 a gallon or more.


So you're basically saying "screw you, I've got mine!" to the poor? Tsk-tsk-tsk.


I drive electric as well. The poor should love EVs. Costs me $30 a month to drive. It's a 3 year old car and can be purchased for only $11,000.
50,000 miles on the clock, 75 miles at a time and haven't been inconvenienced once by maintenance other than tires.
50   anonymous   ignore (null)   2018 May 15, 3:08pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Tenpoundbass says

Trump came into office every young person I knew from 17 to 31 was unemployed and had been for the last 8 years.


Wow, that's some anecdotal bullcrap you got there. By the way, Are all your young friends happily working now with great health insurance?
51   Goran_K   ignore (1)   2018 May 15, 4:14pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Aphroman says
The poor drive old Honda Civic’s, what with Trump giving them a job and yuge tax cut, they’re going to survive Trumpublicans rising gas prices. Funny that the Trump base are the same people who drive vehicles with piss poor mpg


uh that's not the point. Poor people also can't afford electric vehicles, only coastal limousine leftards drive Teslas. So by increasing the price of gas with a tax (which by the way is not going to help fix roads but bolster CalPERs pensions instead), you are hurting the poor the most which most Democrat policies often do.
52   Goran_K   ignore (1)   2018 May 15, 4:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

edvard says
believe it or not even gently used plugin hybrids and EVs are dirt cheap.


There's a reason for that, the batteries in shitty EVs like the "Leaf" die pretty quickly. I have a friend who has a 2016 Leaf, bought brand new. Currently the battery only retains 60% of the original charge. He now has to plug in at work just to get home. If he forgets, he's taking an uber. Kind of a shitty trade off.
53   DASKAA   ignore (3)   2018 May 15, 4:18pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

MrBark says
Hassan_Rouhani says
edvard says
Not I. I drive an electric car and charge for free at work. As far as I'm concerned gas prices can climb to $6 a gallon or more.


So you're basically saying "screw you, I've got mine!" to the poor? Tsk-tsk-tsk.


I drive electric as well. The poor should love EVs. Costs me $30 a month to drive. It's a 3 year old car and can be purchased for only $11,000.
50,000 miles on the clock, 75 miles at a time and haven't been inconvenienced once by maintenance other than tires.


So high gas prices is a GOOD thing then? Which is it, OP?
54   DASKAA   ignore (3)   2018 May 15, 5:02pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

And let's put this whole gas price thing into perspective, folks: there was a time during Obama presidency when gas went over $5 per gallon in CA. So tell me again how horrible "gas price approaching $3" is.
55   MrBark   ignore (0)   2018 May 15, 5:05pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Goran_K says
Aphroman says
The poor drive old Honda Civic’s, what with Trump giving them a job and yuge tax cut, they’re going to survive Trumpublicans rising gas prices. Funny that the Trump base are the same people who drive vehicles with piss poor mpg


uh that's not the point. Poor people also can't afford electric vehicles, only coastal limousine leftards drive Teslas. So by increasing the price of gas with a tax (which by the way is not going to help fix roads but bolster CalPERs pensions instead), you are hurting the poor the most which most Democrat policies often do.

There's a reason for that, the batteries in shitty EVs like the "Leaf" die pretty quickly. I have a friend who has a 2016 Leaf, bought brand new. Currently the battery only retains 60% of the original charge. He now has to plug in at work just to get home. If he forgets, he's taking an uber. Kind of a shitty trade off.


What a bunch of total bullshit. There are loads of used BMW i3's, VW eGolfs, Kia Souls, Nissan Leafs, Fiat 500e's for $10-14k that will do just dandy for the vast majority of driving that Americans do. I drive over 15,000 miles per year, have over 50,000 miles, I've spent nothing on maintenance except for tires and wiper fluid. There as been zero reduction of charge capacity.

Your "friend" with the 2016 Leaf, who claims their battery only has about 60% of the original charge capacity is a complete fucking fallacy. Total horseshit. The Leaf (and the Leaf alone) has battery degradation issues in Arizona and Nevada climates when the came out over 8 years ago.

Now the real reason they are so cheap on the used market is because you get $10,000 from the guberment to buy one, so this affects used values when you can go buy a new one for $10k+ off. We can have a debate around the fiscal soundness of offering tax rebates, but don't spout bullshit about 60% battery degradation on a two year old EV.

Hassan_Rouhani says
And let's put this whole gas price thing into perspective, folks: there was a time during Obama presidency when gas went over $5 per gallon in CA. So tell me again how horrible "gas price approaching $3" is.


At the station closest to my home, the price for regular has already surpassed $4 per gallon. Premium is $4.34 per gallon.
56   DASKAA   ignore (3)   2018 May 15, 5:08pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

MrBark says
At the station closest to my home, the price for regular has already surpassed $4 per gallon. Premium is $4.34 per gallon.


Trump is ruining California even faster than the rest of the country then!
58   Malcolm   ignore (1)   2018 May 15, 7:31pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Lease a fucking Bolt!!!!! You don't have to buy gas.
59   HowdyThere   ignore (0)   2018 May 15, 7:40pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

The link doesn't say anything about gas prices. It's about borrowing costs for the USG.

"The 10-year U.S. Treasury yield rose to its highest level since 2011, extending a selloff in the world’s biggest bond market and raising fresh questions about how high America’s borrowing costs will climb."

If you're pro-Trump, I'm sure the response is that rising yields are a sign of a strong economy.

If you're anti-Trump, then you'd raise concern about tax cuts without spending cuts and the resultant growing debts that need to be serviced at higher rates.

Discuss.
60   DASKAA   ignore (3)   2018 May 15, 8:56pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HowdyThere says
The link doesn't say anything about gas prices


OP did.

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