Current Affairs Donald Trump POS: Judgement cometh and that right soon

[sdk]

I guess the huge companies are confident of never ending bail outs and so are buyers.

American corporations are secure in the knowledge that they inhabit a socialistic society, and even more secure in the knowledge that the benefits of that socialism do not extend to the populace generally.

 

[sdk]

not sure why anyone should be baffled by it tbh - the market has never cared about anything but money; if you brought chattel slavery back their only concern would be about how they could be used to offset tax

The baffling part is why we seem to use the stock market as a barometer of national economic health.

 

[Ruairi77]

not sure why anyone should be baffled by it tbh - the market has never cared about anything but money; if you brought chattel slavery back their only concern would be about how they could be used to offset tax

yea, sure, I get that. But now, more than ever, the money is not real. I always figured it had no soul but it seems now it has no sense either.

 

[LinekersLegs]

not sure why anyone should be baffled by it tbh - the market has never cared about anything but money; if you brought chattel slavery back their only concern would be about how they could be used to offset tax

But even accepting that premise the current moves don’t make sense to me - evictions on a large scale aren’t good for businesses/banks/markets either as has been shown in multiple housing bubbles and crashes.

A third of renters don’t think they will make their August payments and given the $600 ui has not been renewed I’d assume there are lots of homeowners in the same boat.

 

[roydo]

But even accepting that premise the current moves don’t make sense to me - evictions on a large scale aren’t good for businesses/banks/markets either as has been shown in multiple housing bubbles and crashes.

A third of renters don’t think they will make their August payments and given the $600 ui has not been renewed I’d assume there are lots of homeowners in the same boat.

Its a while that I have been in this field, so things might have changed.

But your post explains easily why property, commercial or residential, isnt attractive as an asset class. Gilt markets have been in a 10 year bubble ever since QE was invented, and yields are minute. Mainly purchased en masse by pension funds for asset matching.

So that leaves equities, and commodities. Gold is at a high/zero yield. So that leaves equities. Last time I looked, the Dow was 30 stocks, dominated by Pharmas, (good), Oil, (goodish), probably tech these days, (goodish), and Finance, (goodish).

Its a short term boost, that can, and most likely will, unravel quickly once profits are taken, and auto sell computers say "No".

 

[Ruairi77]

But even accepting that premise the current moves don’t make sense to me - evictions on a large scale aren’t good for businesses/banks/markets either as has been shown in multiple housing bubbles and crashes.

A third of renters don’t think they will make their August payments and given the $600 ui has not been renewed I’d assume there are lots of homeowners in the same boat.

Best I can figure is that a lot of big companies are contracting and expanding because a lot of small companies are going out of business.
Short term gain for investors.

 

[RAFUH]

The Americans we see over here tend to be of the more educated middle class or students attending university. In other words we don't encounter the kind of straw-chewing racist hicks who vote Trump. I gather many of them don't even
have passports.

*looks at expired passport

 

[RAFUH]

There's nothing worth seeing outside Merica.

Sixty three million smug, bible bashing, gun loving retards live in America. I am genuinely grateful they don't have passports.

We don't hand out warnings in the Current Affairs forum, but that word after 'gun loving' is NOT an acceptable word choice anywhere on GOT

 

[PSB1]

We don't hand out warnings in the Current Affairs forum, but that word after 'gun loving' is NOT an acceptable word choice anywhere on GOT

Might I point out that good manners cost nothing and that noting a truth is hardly a capital offence.Please point me in the direction of this regulation & I'll be happier than a happy thing to withdraw the term with due apologies.

 

[roydo]

Might I point out that good manners cost nothing and that noting a truth is hardly a capital offence.Please point me in the direction of this regulation & I'll be happier than a happy thing to withdraw the term with due apologies.

No need to apologise mate. Just dont use it again.

 

[PSB1]

No need to apologise mate. Just dont use it again.

Will do. Or won't do. Compliance is my middle name! And thanks for expressing yourself ciivilly.

 

[summerisle]

A must buy.

 

[Pittsburgh Footy]

But even accepting that premise the current moves don’t make sense to me - evictions on a large scale aren’t good for businesses/banks/markets either as has been shown in multiple housing bubbles and crashes.

A third of renters don’t think they will make their August payments and given the $600 ui has not been renewed I’d assume there are lots of homeowners in the same boat.

Poor people don't drive markets. And don't spend as much in the economy. And since corporations won't be on the hook to feed people (that's the government's job), you're seeing this in the market.

The "market" isn't the "economy". but seemingly no one cares about that. And certainly not Trump and his ilk

 

[Pittsburgh Footy]

Best I can figure is that a lot of big companies are contracting and expanding because a lot of small companies are going out of business.
Short term gain for investors.

This 100%

 

[RAFUH]

lol