I haven't heard any new rumors in the rencen lately. Have you guys heard anything?
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Demanding more interest rate cuts in a "strong economy ", possibly including negative interest rates in the US?
https://www.cnbc.com/amp/2019/09/11/trump-says-fed-boneheads-should-cut-interest-rates-to-zero-or-less-us-should-refinance-debt.html
Sometimes we are so caught up in the messenger, that we can't see or easily dismiss the message. Can't see the forest for the trees, whether it's true or not.
Theres no doubt you can question the characters. But, if you've been reading the charts for any amount of time, it was very ovbious this boost was coming well before the anyone decided to publize the message. You can see the left shoulder complete, and the head, and the right shoulder about to complete. This info was available to anyone months ago that could see it. It's just a matter of when the price breaks out.
This news, these pieces, are only supporting pieces to the charts. But I'm not sharing charts.
Laffer's theories have been proven wrong and totally discredited over and over again.
And as for trump....
You are correct. Less maneuverability indeed. What happens when that occurs and we're sitting at low rates, and as others might call it, the "tippy-top" of a peak in the DOW?
10k higher statements:
(Of course it's not evidence, but it's projection to the masses where they intend to take it - because everything can only go up /sarcasm)
https://www.google.com/amp/s/markets.businessinsider.com/amp/news/trump-says-dow-would-be-10000-points-higher-without-tariffs-2019-9-1028499473
https://www.realclearpolitics.com/video/2019/09/05/art_laffer_china_trade_deal_could_boost_dow_10000_points.html
If you chart read and study technical analysis, I think it's reasonable to see we've been baselining for over the last year. We have an inverse head and shoulder that should launch us conservatively to 3X,xxx.
Only question is as AOC would say, how high is the "tippy-top"? Does the pendulum swing only one way and then stop?
Do you have reputable sources for that speculation about the Dow?
Cutting interest rates unnecessarily means there is less ability to react to recessions, and it sparks inflation.
Why indeed?
Didn't Trump just mention recently that if China tariff wars weren't on the table, we would be 10k points higher in the DOW? Economic projection to the masses. When we finally do clear these tariff wars, and we will, there's a 36k DOW waiting. This in combination of FED rate cuts will make it so. It's not a sign of a healthy economy, as the stock market is only the illusion of a healthy economy. Most people can't tell the difference.
I've said this before in prior posts, and they keep getting deleted. Something about this moderation team doesn't like this economic topic.
2001 was bad, 2008 was worse, and 20XX will make 2008 look like a walk in the park. The pendulum never swings only one way and then suddenly stops. Stock markets never just go up and then stop. Nor do they forever drop, to never reverse.
We've done quite well since the low at 6600. Does long in the tooth ring a bell?
Why is trump pushing for even more rate cuts in a "strong economy"?
If the economy is strong, then why did the Fed cut interest rates?
They only do that to stimulate a flagging economy, and try to stave off a recession.
Are median wages really up? Are savings up for the median worker?
Rich people getting richer will shift the mean up without helping most people.
Economy hardly crashing. Try looking at some genuine economic data rather than watching your favorite news channel. GDP very positive. Consumer spending up. Wages up. Savings up. Nothing points to recession except the news outlets chasing dramatic headlines.
GM cut for two reasons. Activist MB wants to reshape her workforce to be on par with Silicon Valley. Middle aged white men do not fit in that vision. Second, to justify those cuts, she created a “cashflow” crisis. The reality is department budgets are being drained to feed the nonsensical electric / autonomous projects. Cars nobody wants. If she gets her way and truly goes to a full electric portfolio, market share will be given up. That’s when real cuts will come.
But I get it. It’s tariffs. LOL
Weren't the tax cuts supposed to put a huge amount of money in the pockets of the middle class and make the economy grow by 6% "or even 7%"?
The economy is taking a well deserved breather. The middle class, who works and pays for everything is tapped out!!
The tariffs are crashing the economy right now.
If GM laid off due to tariffs it wouldn't be a flimsy excuse.
They're done with all the severance payments from earlier this year, so now would be a good time to start another round. The outstanding leadership team just needs to come up with another flimsy excuse....
GM is a cluster F@#K LOL
Folks it's not going to get any better
Run for your lives.