stock market, jobs, economy all plummeting under trump

Jimdamick

Jimdamick

Well-Known Member
UncleBuck said:
dow pummets another 400+ today

all gains since november 2nd 2017 have been lost
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Stocks around the world plunged into hell Friday as investors feared that a trade conflict between the U.S. and China, the biggest economies in the world, would escalate. A second day of big losses pushed U.S. stocks to their worst week in two fucking years.

Investors fear that if China responds in kind (they will, of course) to sanctions on $60 billion worth of Chinese imports the White House announced on Thursday, it will be a first step toward a full-blown trade war that could damage the global economy and slash profits at big U.S. exporters like Apple and Boeing.

The market's two biggest sectors slumped the most. Technology stocks have made enormous gains over the past year, but since they do so much business outside the U.S., investors see them as particularly vulnerable in a trade dispute. The sector dropped 7.9 percent this week.

Banks also fell sharply. Amid the trade-war rumblings, investors fled to the safety of bonds and drove down yields, a potential negative for bank profits. That marked a reversal from earlier in the week, when banks rose as the Federal Reserve raised interest rates.

It wound up being the worst week for U.S. indexes since January 2016. The S&P 500 index sank 6 percent. Among notable decliners was Facebook, which lost 13.9 percent, or $68 billion in value, as outrage mounted over its handling of user data. That's about as much as the company was worth in in 2012, the year of its initial public offering.

We all should have known that Trump will bring this country into a war, and in a fucked way, this economic war is a good one.

The 1st casualties this time are going to be the wealthy (nice), not the men and women of our military for the time being, although with Bolton, that has a better than good chance of occuring.

Personally, I have no stocks, but I am looking seriously at pot stocks (their going up/fuck Sessions), so watching millionaires lose money because of Trump leaves a very nice taste in my mouth.

I'm sorry for Joe the Plumber that voted for Trump (no, I'm not) that is losing his shirt with his 401K (tax break will make up for it right?)

So, I am sitting back and laughing at the economic disaster that Trump is creating.

You get what you vote for.
 
UncleBuck

UncleBuck

Well-Known Member
@peabody2018
@Ripped Farmer

since you two cucks are the only ones who will stoop so low as to embarrass yourselves by shilling for the illegitimate occupier of the white house, maybe you can explain why trump's trade war is a good thing

i'm sure neither of you have a penny invested so losing 15% of your holdings in the last two months isn;t something you've had to deal with
 
Ripped Farmer

Ripped Farmer

Well-Known Member
UncleBuck said:
@peabody2018
@Ripped Farmer

since you two cucks are the only ones who will stoop so low as to embarrass yourselves by shilling for the illegitimate occupier of the white house, maybe you can explain why trump's trade war is a good thing

i'm sure neither of you have a penny invested so losing 15% of your holdings in the last two months isn;t something you've had to deal with
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My investments are tangible. Rent is the same regardless who is president, what war we are fighting, or how pissed ole bucky is at white people.

Thinkin things are so good Im gonna get the wife some new curtains in the trailer for the one window that isn't broken.
 
UncleBuck

UncleBuck

Well-Known Member
Ripped Farmer said:
My investments are tangible. Rent is the same regardless who is president, what war we are fighting, or how pissed ole bucky is at white people.

Thinkin things are so good Im gonna get the wife some new curtains in the trailer for the one window that isn't broken.
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why do you have to keep two sets of books if things are going so well?
 
Fogdog

Fogdog

Well-Known Member
Ripped Farmer said:
My investments are tangible. Rent is the same regardless who is president, what war we are fighting, or how pissed ole bucky is at white people.

Thinkin things are so good Im gonna get the wife some new curtains in the trailer for the one window that isn't broken.
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Which one are you?

https://www.portlandmercury.com/portland/the-naughty-list-for-landlords/Content?oid=3948029
Nick's Hit List

The Fair Housing Council of Oregon spent last summer and fall testing rental properties for discrimination against potential tenants on behalf of the city of Portland. Here are the 26 that failed the test last year:

Reported discrimination against African Americans:

Affinity Property Management (16000 SE Alder)
Arbor Glen Apartments (2609 SE 145th)
Princeton Property Management (1820 NE 104th)
Regency Management(7360 SW Barbur)
Royal Dover (15301 SE Division)
Schmidt Family Real Estate (2175 NW Davis)
The Sunset Group (1045 NE 90th)

Reported discrimination against Latinos:

Brian Dapp (8226 N Willamette)
Cascade Community Management (1530 SE Reedway)
Circum Pacific Properties (13625 SE Stark)
Gateway Arbors Condominium (9817 NE Irving)
JB Equities (20 NW 16th)
Mom-and-pop landlords (1631 N Jarrett, 1409 NE 71st, 6806 SE 69th)
Monnie Management (1625 SE Bidwell)
Star Metro Properties (1431 NE 21st)

Reported discrimination against both groups:

Bluestone and Hockley (1308 SW Cheltenham)
Lancaster Apartments (6640 SW Capital Highway)
Commerce Properties (8340 SW Apple)
Income Property Management (4509 SW Vermont; 13605 SE Division)
Nob Hill Apartments (2405 NW Irving)
Norris and Stevens (7740 SW 45th)
Tandem Property Management (1380 SW 66th; 12450 NW Barnes)
 
greg nr

greg nr

Well-Known Member
it's not all trade war jitters.... from market watch....

The stock market decline since Jan 26 - which we called a couple days in advance for our clients - is probably causing investors to finally consider that:

#1 Compared to financially-engineered EPS of the S&P 500 companies, corporate profits from current production of about 6 million U.S. businesses - based upon their more honestly revealing income tax returns - declined in the fourth quarter https://bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm and

#2 Growth in the economy has sharply decelerated and has continuing to weaken in Q1, so the Fed is wrong. “The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 1.9 percent in the fourth quarter, compared with an increase of 2.8 percent in the third quarter.


Bob Bronson [email protected]

Bronson Capital Markets Research

53 years in financial services, 51 advising

institutional and professional investors​

"The Fed is wrong"... Actually, like every other department trump has touched, it's been weaponized and politicized. It isn't just wrong, it's not even trying to be right. This market is a powder keg.
 
potroastV2

potroastV2

Well-Known Member
UncleBuck said:
almost all gains since obama's fiscal year ended have been erased. trump has almost zero gains in the market to show for his GOP tax scam and retarded trade wars
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I don't think so Man. That prick is profiting greatly by the volatility in the markets that he creates. He probably is bragging that he can make the markets go up or down, just with a couple moronic tweets.

You know that he is shorting the market on the day that he tweets about some hair-brained idea, like a new tariff. He wants the dramatic swings because he can make more money quickly, since he has such a short attention span.

:mrgreen:
 
ttystikk

ttystikk

Well-Known Member
rollitup said:
I don't think so Man. That prick is profiting greatly by the volatility in the markets that he creates. He probably is bragging that he can make the markets go up or down, just with a couple moronic tweets.

You know that he is shorting the market on the day that he tweets about some hair-brained idea, like a new tariff. He wants the dramatic swings because he can make more money quickly, since he has such a short attention span.

:mrgreen:
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As president he's immune to prosecution for market manipulation.

Since our country is rigged in favor of the rich, he was never prosecuted for failing to divest his holdings.

And yet people who call themselves morally upstanding and say they insist on the same in their leaders are giving him a free pass for all of this. And pussy grabbing too.
 
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