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Originally posted by second:

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Originally posted by 6stringJoker:

The financial crisis that happened then and is still very strong a decade later didn't really effect me all that much. A lot of people I care about were hit pretty hard though.

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They can be hurt a second time:

How Bad Will It Be If We Hit The Debt Ceiling?

The odds of a self-inflicted US debt crisis now look pretty good: hard-line Republicans are eager to hold the economy hostage, Democrats are in no mood to make concessions, and Trump is both spiteful and ignorant. So it looks fairly likely that by October or so there will come a day when the U.S. government stops paying some of its bills, including interest on debt.

How bad will that be? The truth is that we don’t know; but it may be helpful to talk about *why* we don’t know.

Until now, US debt has played a special role in the world economy, because it is — or was — the ultimate safe asset, the thing people can use to secure transactions with no questions about it retaining its value. In a way, the dollar is to other moneys as money is to other assets, and US dollar debt is the form in which dollars are held with ultimate safety.

Taking away that role could be very nasty. One prominent interpretation of the 2008 financial crisis is that it was a “safe asset shortage“: when people realized that those AAA securities engineered from subprime loans weren’t the real thing, they scrambled into an inadequate supply of trill safe stuff. Deprive them of dollar debts as safe assets, and terrible things could happen.

The question then becomes whether an interruption in payments would really knock out the special role of U.S. debt.

Suppose that everyone expected normal payments to resume, with back interest, in a couple of weeks. In that case, even a slight discount on, say, Treasury bills would make them a very good investment — so speculators would basically step in and support the value of U.S. debt despite temporary default. In that case default might not be that big a deal.

The big problem would come if investors see the default as more than a temporary glitch — if they see it as a sign of enduring, critical dysfunction in American governance. In that case they wouldn’t necessarily step in to buy our debt, and their confidence in the whole economic edifice would take a severe hit.

https://krugman.blogs.nytimes.com/2017/08/07/how-bad-will-it-be-if-we-
hit-the-debt-ceiling/

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Originally posted by JEWELSTAITEFAN:

Once upon a time, the boogeymen and naysayers and chicken littles were pointing out the bloated Federal Debt and excessive Democrap spending on Libtard policies and fantasies. Yet they were right.

Somehow, now the Libtards have shifted focus and proclaimed that the Limits to Federal Debt - aka Debt Ceiling - are the impending apocalyptic obstacle which will drive America (and the World) into economic collapse. Apparently Debt Ceiling Increase addiction is worse than crack, coke, horse, or absinthe.

Anybody who is against fiscal control, debt reduction, deficit elimination, spending control is the hero, the goodest of guys.

Any patriot who is for those same items is evil, corrupt, backwards, and the Devil.

Sometimes I wonder if the protection rating for blinders has increased over the years.

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Originally posted by JO753:
It occured to me today that the higher the Dow, the shorter the slope iz to a big drop. The feeling uv precariousness naturally increasez with the record highz along with the feeling that sumwun haz alredy made alot.

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DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Originally posted by JO753:
I'm jus sayin iz all! No need to get insulting.

Do you hav a bunch uv money in it?

Herez a Q for JSF - Looks like Trump iz about to get us into a shooting war with NK, so will it be a + or a - for the stok market?

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Quote:

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Originally posted by second:

Quote:

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Originally posted by 6stringJoker:

The financial crisis that happened then and is still very strong a decade later didn't really effect me all that much. A lot of people I care about were hit pretty hard though.

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They can be hurt a second time:

How Bad Will It Be If We Hit The Debt Ceiling?

The odds of a self-inflicted US debt crisis now look pretty good: hard-line Republicans are eager to hold the economy hostage, Democrats are in no mood to make concessions, and Trump is both spiteful and ignorant. So it looks fairly likely that by October or so there will come a day when the U.S. government stops paying some of its bills, including interest on debt.

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Quote:

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Originally posted by JEWELSTAITEFAN:

Quote:

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Originally posted by JO753:
I'm jus sayin iz all! No need to get insulting.

Do you hav a bunch uv money in it?

Herez a Q for JSF - Looks like Trump iz about to get us into a shooting war with NK, so will it be a + or a - for the stok market?

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That depends.
Is he going to drop million dollar bombs on empty tents like Slick Willie and Bobo?
Is he going to send in boys and girls with bayonets?

Or is he going to have a military plan, abide it, and have a goal or conclusion to shoot for?

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Originally posted by JEWELSTAITEFAN:

Quote:

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Originally posted by JEWELSTAITEFAN:

Quote:

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Originally posted by JO753:
I'm jus sayin iz all! No need to get insulting.

Do you hav a bunch uv money in it?

Herez a Q for JSF - Looks like Trump iz about to get us into a shooting war with NK, so will it be a + or a - for the stok market?

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That depends.
Is he going to drop million dollar bombs on empty tents like Slick Willie and Bobo?
Is he going to send in boys and girls with bayonets?

Or is he going to have a military plan, abide it, and have a goal or conclusion to shoot for?

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sounds like Democrat Peoples Republic of Korea's fat kid launched a missle which violated Japan's airspace.

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Originally posted by JEWELSTAITEFAN:

Looks like the markets have held steady, following that.

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Originally posted by JEWELSTAITEFAN:
Dow closes 22,118 today.

That is up 2,386 since taking office. 7 1/2 months ago.

That is a gain of over 12% per annum so far.

For those not so clued on the math concept, that is more than the 8% per year Obama did in his first 2 years - without GOP control of Congress.
And that is like the 12% per year for Bobo's 6 years with GOP control of Congress, despite Bobo having the absolutely easiest period for economic recuperation. Now Trump is adding on top of already historic highs, a much more difficult feat.

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Originally posted by JEWELSTAITEFAN:
I think my Property Taxes are 1,200 on one house and 1,100 on the other. Both are 3 bedrooms.

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Originally posted by 6stringJoker:

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Originally posted by JEWELSTAITEFAN:
I think my Property Taxes are 1,200 on one house and 1,100 on the other. Both are 3 bedrooms.

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That's nice. I'm being taxed for 3 bedrooms, but I've never gotten around to remodeling the basement. Even though the state considers the basement in a tri-level house livable space, I have to argue since if the power goes out or the sump pump fails during a huge storm everything could be flooded again. If I ever make enough money to install a Generac I'll do the basement. Otherwise it's just risky business.

How is your second house the same price? No homestead exemption for the first home you own?

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Originally posted by JO753:
Thats not proof that the market iznt delusional.

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Originally posted by 6stringJoker:
Oh, I wouldn't go that far.

I don't think the market is any indication at all of how well things are going, at least for regular people.

We've supposedly been out of a recession for years now. It's not any more true today than it was 4 years ago.

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Originally posted by JEWELSTAITEFAN:

Quote:

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Originally posted by 6stringJoker:
Oh, I wouldn't go that far.

I don't think the market is any indication at all of how well things are going, at least for regular people.

We've supposedly been out of a recession for years now. It's not any more true today than it was 4 years ago.

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You dispute reality by comparing to Fake News Libtard fantasies like "Obamination ended the recession"? Not logical. Not real. Ween yourself from the koolaid.

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Originally posted by JEWELSTAITEFAN:
Dow closed 23,441 today.

An increase of 3,709 since taking office. That's 18.8% in little more than 9 months, or more than 24.8% APR.

And 5,109 since election day. That is over 27.8%, or over 29% APR.

Those are both better that Obama did with 16% in all of his first 24 months, with his Party controlling both Chambers of Congress

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Originally posted by second:

Quote:

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Originally posted by JEWELSTAITEFAN:
Dow closed 23,441 today.

An increase of 3,709 since taking office. That's 18.8% in little more than 9 months, or more than 24.8% APR.

And 5,109 since election day. That is over 27.8%, or over 29% APR.

Those are both better that Obama did with 16% in all of his first 24 months, with his Party controlling both Chambers of Congress

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There’s less than meets the eye to the Trump stock rally.
German, French, and Japanese stocks are all doing way better. Trump has tweeted at least eight times about the Dow since October 16, but never mentioned that America is lagging behind other markets. I wonder why? I also wonder if Trump will take the blame when the Dow goes down. I predict he won't.

www.vox.com/policy-and-politics/2017/10/27/16547478/trump-rally

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Originally posted by JEWELSTAITEFAN:
Dow closed today at 23,157.

That is an increase of 3,425 since taking office. Or over 17% in 9 months, which is 24.4% APR.

And 4,825 since election day. That's a 26.3% in 11.5 months, or 27.5% APR.

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Originally posted by JEWELSTAITEFAN:
Should we still jump off?

Looks like all time high of 21,535 was on June 19.

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