Posted on 08/27/2018 2:29:11 PM PDT by CaptainK
I have reading gloom and doom since the Sub Prime Crisis in 2007 and 2008. I finally had to realize that most of those writing this stuff were also trying to sell something also.
Yes we will experience ups and downs and there were a multitude of mistakes made by the Fed and the Government in 2008. But we did not have the complete meltdown we have been reading about for the last 10 years. Not to say it can’t happen, probably when we least expect it.
stockman has been predicting a stock market “crash” for months:
https://www.google.com/search?q=%22david+stockman%22+trump+stock+market
presumably, if he keeps predicting this for enough years, he’ll eventually be correct ...
What is truly fascinating and refutes much of stockmans are these items:
1. The fed has ended operation twist where for years they spent billions secretly buying stocks. That was indeed a fake rally under Obama. Moreover, the Fed is now selling those stocks which drags down prices. So thiscrally swims upstream against the Fed. Outrageous.
2. Little reported is the fact that despite massive tax cuts govt revenue is up for the first ten months of fiscal 2018. With two months to go and economic growth that could spur greater revenue trump is helping reduce the potential deficit. All of this contradicts CBO estimates of reduced revenue. Typically the revenue enhancements accelerate in years 2-5 as empirically proven by the last three tax cuts.
I have no idea what happened to stockman since Reagan but since that time he is a predictable reactionary shill against Republican presidents.
“this guy is a LONG time NeverTrumper”
Jane, Stockman is a long-time never Reagan.
I know but, what really is the difference?
Nope! Right guy being used as a metaphor for the wrong guy, who is objectively and demonstrably wrong
WHOA WHOA WHOA! Stockman is the duchess that termed Regan economics -Voodoo Economics. He is a economic moron that gives Paul Krugman a run for his money for the Stupidity trophy.
Stockdale, unlike McCain refused to be a Songbird and even purposefully smashed his face to give himself black eyes to keep the Vietcong from parading him around,He was tortured far far worse than McCain ever was and never sold out his troop. This guy is a great hero!
Pretty much.
I’m using them as a metaphor
David Stockman is fake.
I've been worried too. Far too much talk about the bull market and how the sky is the limit. I'm thinking we may be in for a correction in October this year. But... there isn't much else to put your money into, unless it's property and that might also suffer a correction if a stock crash happens. I'll probably shift a portion out into interest-bearing cash, then move it back after the election. Stocks have been really good for me for the last decade, even after the continual forecasts for crashes that never happened while I didn't panic.
For obamas entire presidency, the Fed was giving away money at near zero interest, and still nothing improved. His entire sham administration was propped up by Fed intervention intended to help. Yet now that DJT has released the parking brake obama set on the US economy, the deep state operatives are trying to talk down the markets.
Not much.
The market is grudgingly returning to the mean. If it gets beyond the 28,000 range within a year I’ll expect a correction but still do nothing different. 28,000 would be the return to the mean range within a year and only a 7% gain.
The markets, inflation and interest rates should return to historical norms after having all been abnormally low for a decade. 3% inflation, 6% mortgage rates and 8% investment freturns have not been unrealistic in past good times. I was making 12% on guaranteed investment certificates 20 years ago and thought a 6ish% mortgage was ok.
Yes. Buy quality low cost funds or dividend aristocrats and reinvest all the dividends. Those 40 year old stock will pay handsome dividend rates of return and youll never touch the continually growing share value. But remember, even the blue chip generals can go bad so watch, manage and diversify.
This is not unexpected (to most on FR, I suppose), but is nonetheless good news. Trump and Pub candidates need to be screaming it from the heavens. Maybe Trump can include it in some tweets invoking, say, McPain, that cannot be ignored. I'd probably post something like:
"We did not keep the flags at half mast for Senator McCain because the news about surging FedGov revenues after our tax cuts was so good."
or,
"Federal Revenues are up nicely after our tax cuts due to economic performance and jobs growth despite dire predictions of many of former Senator McCain's buddies"
:-)
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