patrick.net

mell says

Goran_K says

I wish all these stupid academics, do-nothings, bloviating tenured Piled Higher and DEEPER assholes, would shut the fuck up about the economy. They don't know shit.

If we had listened to such geniuses like lefty hero Paul Krugman, or other lefty economic guru Kurt Eichenwald. I literally would have left over a million dollars on the table listening to their "doom and gloom" shitty predictions and theories.



I don't have fuck you money, but combined with my investments in precious metals, couple of properties, and how hot the market has been, I'm planning to retire with nearly $5,000,000+ to spend in retirement, with stupid low living expenses (I even grow my own veggies now and never buy produce from the store).

Agreed. Krugsheister is one of the worst. The last 2 years I made more money ...

Precisely. Most of these people are Bernie type socialists anyway and wouldn’t work even if they had the opportunity. Lazy government theft supporters who would rather Uncle Bernie give them”free shit” stolen from the productive sector of the work force.

Gotta love Krugman though, telling people of a huge recession ready to hit in late 2016. Then the market goes on basically a 36 month straight hot streak (with a slight slowdown in Fall 2018 due to trade war worries).

Now no one is worried about a trade war because China is the only one getting fucked. The rest of us are making money hand over hand like crazy.

The “resist types” are still crying over 2016, I’m giddy looking at what I’m going to invest in next during Trumps 2nd term. So much opportunity out there.

marcus says

Low is bad here. It's a large negative number. A large deficit. What planet are you on ?

Looks like a chart where Democrats look to send jobs overseas? I could be wrong. Not that Bush promoted it as an agenda, but this is a pretty damning graph for Democrats as it crashed when Clinton got in office and same with Obama (after a couple years). Foreign fiscal policy doesn't happen overnight. It takes years for decisions to make a dent in that graph.

So reading the graph, Democrats are bad for trade for the US. Thanks for showing us this.

Goran_K says

other lefty economic guru Kurt Eichenwald , I literally would have left over a million dollars on the table listening to their "doom and gloom" shitty predictions and theories.

You should make the dollar amount flash v so I can send it to him on tweety

WookieMan says

but this is a pretty damning graph for Democrats as it crashed when Clinton got in office and same with Obama (after a couple years). Foreign fiscal policy doesn't happen overnight. I

With republicans it's always hard to tell whether they are lying, or just stupid.

NoCoupForYou says

Goran_K says

other lefty economic guru Kurt Eichenwald , I literally would have left over a million dollars on the table listening to their "doom and gloom" shitty predictions and theories.

You should make the dollar amount flash v so I can send it to him on tweety

Democrats in a nutshell.


Notice the date. Even if this guy had only $100,000 in the market total, how much money did this stupid Democrat fuck leave on the table because “ReSiST!!!”

28,000 now, a 155% gain.

Ass, Grass or Cash nobody rides for Free!

marcus says

Low is bad here. It's a large negative number. A large deficit. What planet are you on ?

Yes our net exports were definitely declining under Obama. Your chart goes up to the end of his blighted second term.

Shaman says

28,000 now, a 155% gain.

lol

Imagine if he just left that in a dividend paying index fund, let alone putting the entire $100,000 into AAPL in the low 100s.

Trump is making these guys look stupid as fuck.

Goran_K says

Fucking fags.

That’s what they do. Mostly with each other.

marcus says

With republicans it's always hard to tell whether they are lying, or just stupid.

Not sure your point. Does the graph posted not indicate that the net exports have collapsed under Democrats? It's a graph you posted and I'm just making an observation. I know you think I'm a righty right guy, but that's far from the truth. You've posted a graph that shows what is actually pissing Americans off and you're still missing it.

Goran_K says

Shaman says

28,000 now, a 155% gain.

lol

Imagine if he just left that in a dividend paying index fund, let alone putting the entire $100,000 into AAPL in the low 100s.

Trump is making these guys look stupid as fuck.

Eh. Much of my AAPL is under $2.

Goran_K says

Democrats in a nutshell.


Notice the date. Even if this guy had only $100,000 in the market total, how much money did this stupid Democrat fuck leave on the table because “ReSiST!!!”

Trump didn’t win until November, so I’m not sure how he know trump would be next president.

Being a Democrat and not actually sticking to his guns.... he probably didn't sell shit

SunnyvaleCA says

Goran_K says

Democrats in a nutshell.


Notice the date. Even if this guy had only $100,000 in the market total, how much money did this stupid Democrat fuck leave on the table because “ReSiST!!!”

Trump didn’t win until November, so I’m not sure how he know trump would be next president.

I guess he was predicting Hillary would lose.

Here’s the actual tweet, he never deleted it.

https://mobile.twitter.com/kurteichenwald/status/780478635786383360?lang=en

theoakman says

Being a Democrat and not actually sticking to his guns.... he probably didn't sell shit

Normally I would agree, but I think he did. He has at least half a dozen post over 4-5 months explaining his theory about a “dollar collapse” and using overseas markets as a “shelter” for his wealth.

You know who actually may have been an acolyte of this guy? Iwog.

A lot of the things Eichanwald posted were eerily similar to things Iwog was saying before the election. Wish I could find the post where he said he went all cash and was predicting a massive US recession. Anyone remember those post?

Goran_K says

You know who actually may have been an acolyte of this guy? Iwog.

A lot of the things Eichanwald posted were eerily similar to things Iwog was saying before the election. Wish I could find the post where he said he went all cash and was predicting a massive US recession. Anyone remember those post?

After Trump won, the market didn't crash, and the earth stopped warming, Iwog deleted all of his posts, tried to hack patnet, and has never been heard from again, at least not in a duck costume.

Onvacation says

Goran_K says

You know who actually may have been an acolyte of this guy? Iwog.

A lot of the things Eichanwald posted were eerily similar to things Iwog was saying before the election. Wish I could find the post where he said he went all cash and was predicting a massive US recession. Anyone remember those post?

After Trump won, the market didn't crash, and the earth stopped warming, Iwog deleted all of his posts, tried to hack patnet, and has never been heard from again, at least not in a duck costume.

Whoa he tried to hack patNet?

When did this happen? Dude must’ve been super ashamed of his content.

Lol Eichenfraud has been getting destroyed on Twatter on this one. Don't be like Kurt.

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There is some gambling logic that most of you guys don't understand.

Sometimes you get rewarded for doing the wrong thing. Sometimes you get punished for doing the right thing.

If you fold in poker, and the guy shows you a bluff, does it mean you did the wrong thing ? (of course it does sometimes)

I'm not saying that the guy was necessarily correct for selling his stocks when he did. But those people who held their stocks becasue they believed in Trump, may have been rewarded for entirely other reasons than a cause and effect of some kind of "Trump effect."

Who is President is not near the top of the list of reasons the stock market goes up or down. Although it's reasonable to fear the effect of an incompetent President on the market.

That's not to say that Trump won't get some credit for it, or that he won't get blame if there is a massive crash before his term ends.

Trump has been for tarrifs for decades, dems would say they are to if they thought it would give them a win but everyone including most democrats know it would be purely lip service at this point. If trump hadn't ran we would have had tpp and it would be business as usual no matter which side won.

marcus says

:
There is some gambling logic that most of you guys don't understand.

Sometimes you get rewarded for doing the wrong thing. Sometimes you get punished for doing the right thing.

If you fold in poker, and the guy shows you a bluff, does it mean you did the wrong thing ? (of course it does sometimes)

I'm not saying that the guy was necessarily correct for selling his stocks when he did. But those people who held their stocks becasue they believed in Trump, may have been rewarded for entirely other reasons than a cause and effect of some kind of "Trump effect."

Who is President is not near the top of the list of reasons the stock market goes up or down. Although it's reasonable to fear the effect of an incompetent President on the market.

That's not to say that Trump won't get some credit for it, or that he won't get blame if there is a massive crash before his term ends.

It was clear Trump would reduce red tape, use tariffs and promote low interest. All Bullish for an economy. I'd say the effect was predictable.

mell says

It was clear Trump would reduce red tape, use tariffs and promote low interest. All Bullish for an economy. I'd say the effect was predictable.

https://patrick.net/post/1300205/2016-12-14-the-coming-economic-boom

Ya, pretty predictable!

Unless you’re a math teacher who is terrible at math!

Shaman says

mell says

It was clear Trump would reduce red tape, use tariffs and promote low interest. All Bullish for an economy. I'd say the effect was predictable.

https://patrick.net/post/1300205/2016-12-14-the-coming-economic-boom

Ya, pretty predictable!

Unless you’re a math teacher who is terrible at math!

Credit where it’s due. Called it spot on.

marcus says

I'm not saying that the guy was necessarily correct for selling his stocks when he did. But those people who held their stocks becasue they believed in Trump, may have been rewarded for entirely other reasons than a cause and effect of some kind of "Trump effect."

Uh no. Eichanwald was completely incorrect and stupid for selling. He based his decision on democrat lefty FUD and propaganda and he paid for it.

As Shaman said (time stamped in 2016), there were many predictable factors to show why Trumps presidency would lead to a boom. The Democrats and left in general just ignored it, now they want to vote for BeRniE sanders to steal those gains from the productive part of the workforce.

Fuck Democrats.

I don't understand how the left can be so wrong on everything and still have roughly 50% followers. Also I don't think everybody on the other side is a 100% Trump man - though he has been running a great show - it's more that everybody on the other side is for anyone else but a modern Democrat. If you have any stake in the future, family whatsoever you need to stop voting left. In Britain the Dad of one murdered student literally supercucked and twattered to Trump not to use his kid's death for propaganda. How low can you stoop, instead of taking the next available narwhal tusk and express send that camelfucker right away to his 72 virgins in heaven to revenge your kid's brutal murder you cuck like a sniveling pussy hatter. Unfuckingbelievable. Have some self respect.

Democrats don’t want to defend themselves, they don’t want to make their own money, they don’t want to do any work whatsoever. Everything government , government, health care for all, paid for by someone else.

mell says

It was clear Trump would reduce red tape, use tariffs and promote low interest.

I attribute it to low interest rates and possibly to a very small degree the tax cuts (but we pay for those somehow later - i.e. debt increased by a commensurate amount). Interest rates aren't low becasue of Trump. They are low for the same reason they were even lower for many years after the crash.

But then, I'm more honest than you, becasue I'm not giving Obama more credit than he is due either. That is, in general I admit that Presidents don't affect the market that much. You would only admit it if the market was way up during a democrat admin, such as Clinton.

If confidence in leadership affected the markets as much as you think it does, then Trump surely would have caused a bear market. Becasue global and domestic leaders nearly all see him as an incompetent nitwit.

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On the one hand I fear another Trump term. But on the other hand I really want him to get credit/blame for the ultimate long term effects of his policies.

Not worth it though, if it were to lead to world war.

marcus says

Becasue global and domestic leaders nearly all see him as an incompetent nitwit.

How do you know this? Have you conversed with other world leaders? Maybe they're projecting when they get caught with a hot mic acting like they themselves are tough guys against Trump with other world leaders.

Unless you've personally had a conversation, and frankly you'd have to have a relationship in some form with a foreign leader, you know nothing. Literally nothing. Anything in the press saying Trump (or anyone) is a incompetent nitwit is all an opinion. Stop making opinions fact. They're not.

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You may be right, that I make some assumptions about how others, and history for that matter, judge, or will judge Trump's character.

I do know republicans that voted for Trump, but at least admit how much of an idiot he is. I also know of highly respected republicans such as George WIll that refuse to respect anything about Trump. You can argue that Will is part of the elite or the deep state, but I think he simply speaks very obvious and undeniable truths.

I think that an interesting way to put it is as follows:

It's self evident

I'm more honest than you, becasue I'm not giving Obama more credit than he is due either.

Seriously? You have been preaching all along that Obama is the sole reason for the Trump recovery, and how the Obama recovery is so strong it even continues despite Trump.

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Actually what I've said is that the trend in economic stats is a continuation of what happened in the Obama years. Which was a recovery from the crash and the great recession.

Obama did a good job of presiding over the recovery. Certainly he didn't screw it up. But the President can only do, or not do so much. The best thing Obama did, is something Trump can not do, which is project an intelligent, stable, sober, and thoughtful, pragmatic image of U.S. leadership.

marcus says

Certainly he didn't screw it up.

Having a recovery after a recession isn’t surprising. You’d have to try real hard to not have a recovery. Only two options after a recession is recovery or cannibal anarchy.

What is surprising is that the bull market has continued for a record period at this point. Unemployment is at historic lows, and everything is significantly better then what any economist was predicting. Hmmm what could be the cause of that? Anyone? Anyone? Bueller?

marcus says

:
Actually what I've said is that the trend in economic stats is a continuation of what happened in the Obama years. Which was a recovery from the crash and the great recession.

Obama did a good job of presiding over the recovery. Certainly he didn't screw it up. But the President can only do, or not do so much. The best thing Obama did, is something Trump can not do, which is project an intelligent, stable, sober, and thoughtful, pragmatic image of U.S. leadership.

Interesting. You went from Obama was responsible for the current economic great time, to a "President can only do so much," which implies slow growth under Obama or rapid growth under Trump had nothing to do with either President, to a bit where it does not matter anyway because Obama has a better personality than Trump.

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I can't help you with your reading comprehension.

Saying that the current economic trajectory started in 2010 or so with the first 6 years being " Obama years" says nothing about Obama being the primary causal factor.

HeadSet says

slow growth under Obama or rapid growth under Trump

Really ? You've been consuming too much right wing propaganda.
:

They have no stake in the future. None. They are fucked up, they suicide their kids by pushing tranny/gay shit onto them. They don’t care about future, only chasing hedonistic pleasures and harassing normal people because that gives them sadistic joy.

Goran_K says

zzyzzx says

Why do you support communist slave labor from a country that doesn't care about the environment?

Still waiting on an answer for this one.

Because most lefty assholes would rather we weaken the US economy and even go into a recession so "Trump loses".

Fucking fags.

marcus says

Not worth it though, if it were to lead to world war.

We're already fighting the Third Opium War.