stock market, jobs, economy all plummeting under trump

Discussion in 'Politics' started by UncleBuck, Feb 2, 2018.

  1.  
    Fogdog

    Fogdog Well-Known Member

    I'm guessing there is a play on words there but I don't speak spanish.

    Dank Meme
     
    abandonconflict and 757growin like this.
  2.  
    Bugeye

    Bugeye Well-Known Member

    3Q and 4Q 2017 jobs numbers were negatively impacted by two significant hurricanes so they are not as bad as they seem, though still lower than expected. 1Q18 job growth may benefit as more of these jobs come back. A lot of money is coming back into the country so it would surprise me if things went tits up that quickly. But it could! Got to give you that.
     
  3.  
    abandonconflict

    abandonconflict Well-Known Member

    Presidente Pinche Culero.
     
    see4, Fogdog and greg nr like this.
  4.  
    UncleBuck

    UncleBuck Well-Known Member

    imports are higher now than they were under obama. the trade deficit is higher than it ever was under obama. the deficit doubled.

    and now the stock market is tanking.

    one more week like this and the recession will really be felt as layoffs and hiring freezes start to drive up unemployment.
     
    see4 and greg nr like this.
  5.  
    Fogdog

    Fogdog Well-Known Member

    lol

    dank
     
    abandonconflict likes this.
  6.  
    Fogdog

    Fogdog Well-Known Member

    [​IMG]
     
  7.  
    UncleBuck

    UncleBuck Well-Known Member

    obama fended off all hurricanes from 2010 on.
     
    Fogdog likes this.
  8.  
    Fogdog

    Fogdog Well-Known Member

    The Iraq war ended when Bush proclaimed "mission accomplished".
     
    see4 likes this.
  9.  
    TacoMac

    TacoMac Well-Known Member

    Here's the problem with that:

    Stocks are tanking because people are NOT MAKING THEIR OWN PROJECTIONS.

    When huge companies, like Elon Musk, lose 3/4 of a BILLION dollars in a single quarter (which was just announced yesterday), the most they have EVER lost, falling not just short of but not even in the ballpark of what they projected, that means that the GDP they projected isn't worth the paper it's written on.

    One leads to the other. Projected GDP is nothing more than an overall estimate of fortune 500 projections. Once those companies start failing to meet, that's when it starts. They start laying off to bounce their stock prices back, so people have less buying power, so less money is spent, so even more companies fail to meet projections, so they lay even more people off, and on and on and on.

    But you always get those people saying, "don't panic! just keep spending! it's just a correction! everything will be fine!" because they want you to buy them out of their own fuckups and prolong the inevitable for as long as they can.

    That is how it has happened every single time in the history of the United States. This is looking no different at all.
     
  10.  
    schuylaar

    schuylaar Well-Known Member

    penny stocks are about to take off.
     
  11.  
    schuylaar

    schuylaar Well-Known Member

    don't let that stop you from getting a job there (or anywhere): www.urineluck.com

    you gotta have the urea or it looks sketchy to the lab.
     
  12.  
    schuylaar

    schuylaar Well-Known Member

    dick size to period ratio, each period of poster is worth one inch. bucky then decides whether it's equivalent to post. it's a tried and true family formula he will pass on to his son someday.<sigh>
     
    Last edited: Feb 9, 2018
  13.  
    schuylaar

    schuylaar Well-Known Member

    that's because they've all hung themselves and have yet to be found.
     
  14.  
    schuylaar

    schuylaar Well-Known Member

    sounds like the definition of stock market.
     
  15.  
    schuylaar

    schuylaar Well-Known Member

    they just realized Trump was president?
     
    PCXV likes this.
  16.  
    schuylaar

    schuylaar Well-Known Member

    psssssssst..you're suppose to use a 'v' for the 'u'. some of our sensitive men become triggered:wink:
     
  17.  
    schuylaar

    schuylaar Well-Known Member

    what would you do with 401k? i just increased my contribution..this always happens when i do.
     
  18.  
    schuylaar

    schuylaar Well-Known Member

    but he promised..

     
  19.  
    schuylaar

    schuylaar Well-Known Member

  20.  
    see4

    see4 Well-Known Member

    It depends how you've set up the 401k portfolio. Is it aggressive? conservative? Do you have a good mix of international and domestic funds? -- If your 401k is substantial enough, I'd suggest you talk with a financial advisor soon, market volatility is back.
     
    BarnBuster likes this.

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