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01-07-2018, 04:15 PM
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Senior Member
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Join Date: Dec 2011
Posts: 1,899
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Quote:
Originally Posted by Chicks
Your proof that he’s a billionaire? I seriously doubt that he is, as he’s almost certainly in debt up to his ears to the Russians. Mueller is, hopefully, getting to the bottom of his Russian money laundering. Plenty of dirty laundry in the Trump crime family, which needs to see the light of day.
You clearly don’t have the sense of a gnat, as the sum of all your uninformed posts illustrates.
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Meanwhile the GDP is taking off, 401K's are taking off, people are going to have more money in their pocket next month.
It is a shame we couldn't have had eight more years of the SOS.
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01-07-2018, 04:42 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,366
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Quote:
Originally Posted by ZeroJunk
Meanwhile the GDP is taking off, 401K's are taking off, people are going to have more money in their pocket next month.
It is a shame we couldn't have had eight more years of the SOS.
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The markets did well last year, continuing their recovery from the Republican-caused meltdown. Almost as well as 2013 under Obama. Trump had zero to do with it. The tax reform that squeaked through may have an impact this year, or not. Time will tell.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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01-07-2018, 07:15 PM
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Senior Member
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Join Date: Dec 2011
Posts: 1,899
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Quote:
Originally Posted by Chicks
The markets did well last year, continuing their recovery from the Republican-caused meltdown. Almost as well as 2013 under Obama. Trump had zero to do with it. The tax reform that squeaked through may have an impact this year, or not. Time will tell.
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LOL. You are going to attribute it to Obama.
And, loaning people money to buy a house was forced on them by Republicans ?
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01-07-2018, 07:38 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,366
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Quote:
Originally Posted by ZeroJunk
LOL. You are going to attribute it to Obama.
And, loaning people money to buy a house was forced on them by Republicans ?
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Your posts continue to show your utter ignorance.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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01-07-2018, 09:33 PM
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Banned
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Join Date: Nov 2013
Posts: 8,310
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Quote:
Originally Posted by ZeroJunk
LOL. You are going to attribute it to Obama.
And, loaning people money to buy a house was forced on them by Republicans ?
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Nobody forced anybody to write subprime mortgages. The mortgages brokersncouldnt write the paper fast enough. They were like a pack of hyenas at a wildebeest carcas.
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01-08-2018, 05:01 AM
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Senior Member
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Join Date: Dec 2011
Posts: 1,899
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Quote:
Originally Posted by Ike Bana
Nobody forced anybody to write subprime mortgages. The mortgages brokersncouldnt write the paper fast enough. They were like a pack of hyenas at a wildebeest carcas.
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So, you are saying that the people buying the homes were too stupid to know what they were signing ?
The flip side is that the financial institutions for decades were criticized because they would not make loans to those who were financially on the edge.
Now , they get slammed because they do.
Gotta love the lefty mind.
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01-08-2018, 07:26 AM
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Banned
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Join Date: Nov 2013
Posts: 8,310
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Quote:
Originally Posted by ZeroJunk
So, you are saying that the people buying the homes were too stupid to know what they were signing ?
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Did I say that? Show me where I said that. That's what you are saying. How's about you keep your words out of other people's mouths and restrict them to your festering piehole. It's a bad fucking habit you have there.
Quote:
Originally Posted by ZeroJunk
The flip side is that the financial institutions for decades were criticized because they would not make loans to those who were financially on the edge.
Now , they get slammed because they do.
Gotta love the lefty mind.
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You're a fucking ignoramus. You refer to the subject of subprime mortgages which relates to the subject of the Community Reinvestment Act which relates to the failure of Bear Stearn, Lehman Bros., and other vampire investment banks...and which led to the September 2008 financial meltdown and the recession that followed. Lovely.
If you want to have a discussion about this, and explore the actual causes of the meltdown we can do that. If you want to recycle more FOX/EIB/Hannity/Coulter bullshit propaganda and expose yourself as the dumb fucker you are...that would be fine with me as well.
Quote:
Originally Posted by ZeroJunk
And, you guys don't have a pot to piss in and are all geniuses .
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One more time, do you want to compare pots or not, asswipe?
Last edited by Ike Bana; 01-08-2018 at 07:30 AM.
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01-08-2018, 10:21 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by Ike Bana
Did I say that? Show me where I said that. That's what you are saying. How's about you keep your words out of other people's mouths and restrict them to your festering piehole. It's a bad fucking habit you have there.
You're a fucking ignoramus. You refer to the subject of subprime mortgages which relates to the subject of the Community Reinvestment Act which relates to the failure of Bear Stearn, Lehman Bros., and other vampire investment banks...and which led to the September 2008 financial meltdown and the recession that followed. Lovely.
If you want to have a discussion about this, and explore the actual causes of the meltdown we can do that. If you want to recycle more FOX/EIB/Hannity/Coulter bullshit propaganda and expose yourself as the dumb fucker you are...that would be fine with me as well.
One more time, do you want to compare pots or not, asswipe?
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This is becoming tiresome. The default in this forum of late is to not discuss ideas or debate legitimately. Look at this post as an example of what happens when lack of dialogue gets completely out of control. Is this really the best we can do?
If you're interested at all, here's a balanced overview of how the CRA created the environment - and lead to the the politics - that contributed to the meltdown in 2008.
http://www.businessinsider.com/the-c...s-guide-2009-6
There are some good points here, and plenty of blame to go around. The "Bush did it" or the "Clinton did it" crowds can each find their own fodder, but if you only focus on one side, you'll miss the essential facts.
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01-08-2018, 12:57 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,366
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Quote:
Originally Posted by ZeroJunk
Meanwhile the GDP is taking off, 401K's are taking off, people are going to have more money in their pocket next month.
It is a shame we couldn't have had eight more years of the SOS.
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If you buy into the moronic idea that Donny had anything to do with last year’s stock market gains, which were almost as good as 2013 under Obama, then you will have to agree that Donny seriously underperformed vs foreign countries. Here are my results from Personal Capital for last year. Yes, I outperformed the S&P 500, thanks to my foreign holdings. No thanks whatsoever to Donny. But then an unemployed fool like you would have zero understanding of markets, obviously.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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01-08-2018, 01:49 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by Chicks
If you buy into the moronic idea that Donny had anything to do with last year’s stock market gains, which were almost as good as 2013 under Obama, then you will have to agree that Donny seriously underperformed vs foreign countries. Here are my results from Personal Capital for last year. Yes, I outperformed the S&P 500, thanks to my foreign holdings. No thanks whatsoever to Donny. But then an unemployed fool like you would have zero understanding of markets, obviously.
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Not terribly relevant: comparing a single sector's 12 month performance versus the S&P 500. The S&P 500 is made up of of stocks that represent a reasonable cross - section of the market. Not everyone only stock, or only S stocks in their portfolio, as you exemplify. In fact, prudent investors diversify across a number of markets / sectors to manage risk.
Glad that your portfolio did well. In the US, some markets did better than others in 2017. Same can be said nearly every year.
What is interesting about the US market's performance in 2017 is the speed of the run up in the marekt, coupled with the economic growth numbers for the year. Details are here: https://www.thebalance.com/dow-jones...e-1929-3306174. Also, the economic growth through Q3 2017 was the fastest in 3 years. Both numbers are encouraging.
What's interesting to me is that US markets continue their bullish trend. Markets don't rise based on what happen today, yesterday or tomorrow. Stock rise against a long term view measured in weeks, months or years in the future depending on the market or commodity traded. So, the long term view is favorable, fueled by an environment of lower regulation and a more favorable tax outlook.
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