Posted on 02/06/2018 1:33:07 PM PST by posterchild
Mere days ago, in what feels like a different era now, the biggest thing that people in control of money appeared to fear was complacency. Stock markets in the United States were surging, enthralled by the regulation-slashing, tax-shrinking predilections of President Trump. Every major economy in the world was expanding.
The worst that could happen, the money masters averred, was that investors would be lulled into reckless investments, taking on too much risk in the belief that the dangers of the marketplace had been tamed.
As it turns out, the dangers were already at work. A decade-long era of easy access to money engineered by central banks in Asia, Europe and the United States was ending, opening a new chapter in which corporations would have to pay more to borrow and ordinary people would have to pay more to finance homes, cars and other purchases.
(Excerpt) Read more at nytimes.com ...
Posts NY Times article. Thinks people will read it.
Lol.
nue yack times
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Interesting that the NYT didn’t send out their crazy Nobel winning economist to tell us how lousy things are...
What could the nyt possibly say that I would care to read?
Well, you see, the NYTimmes wrote THIS story yesterday, planning on another day of lower stocks today that they would continue to blame on Trump - and the republican tax cuts.
But, that was for this morning’s edition - written BEFORE the stock market closed back up again today. Needs a bit more to get back to record-breaking territory though.
Didn’t easy money fuel Obama’s so called recovery?
Do people still read this without a political filter? I wouldn’t even give them credit for an honest weather report.
Day-to-day trading doesn’t matter. If interest rates go up, stocks will go down. That is the reality of investing.
That and massive debt. We can’t function without debt these days.
Closed up 567 points today....
Way too much white privilege out there. We need to share the misery.
I can’t imagine reading anything without a political filter but there is value in knowing what the conversation is.
The Slimes has not been correct re predictions nor printing the truth since they back the mass murderers in Russia last century.
Didn’t they predict a landslide victory for their beloved Illiarily in 2016?!
That the fix is in and the deep state will do everything in their power to tank the market and the economy! Remember, these people will tell you exactly what they’re doing but in the pretense it’s somebody else doing it. i.e. Russian conspiracy!
The mere suggestion that interest rates might rise a basis point or two is all that it takes to bring the entire house of cards crashing down once again.
Stock Racket up today 600+ ...
NY Times be like OMG Chit!
“Day-to-day trading doesn’t matter. If interest rates go up, stocks will go down. That is the reality of investing.”
As the old (invariably wrong) statement goes, “This time it’s different.”
What makes it different this time is that the greatest consumer of the easy money that was generated over the past decade and more was the United States Government. Our on-the-books indebtedness is $20T. We have been able to carry that debt, so far, because we have borrowed at historically low interest rates. A doubling of rates (quite conceivable since we start from such a low basis, will swamp the rest of the Federal budget. The government is boxed in and cannot operate if it has to pay higher interest rates.
If government borrowing and (especially) repayments were curtailed or interrupted due to rising rates, who can say what would happen to stocks?
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