Popular Post Danderman123 Posted December 14, 2023 Popular Post Share Posted December 14, 2023 One of the reasons for discontent in the US is that economy is so good that there are always long lines for shoppers. Everyone is spending money. 1 1 1 Link to comment Share on other sites More sharing options...
charleskerins Posted December 15, 2023 Share Posted December 15, 2023 18 hours ago, placeholder said: The biggest reason housing prices have gone up so much is the same kind of bottleneck that caused high prices in goods. During the covid pandemic, housing construction fell creating a shortage in the pipeline. High interest rates imposed by the feds to fight inflation have also contributed.. Because mortgage rates have gone up, people are reluctant to let go of their 30 year mortgages at low fixed rates. https://www.bankrate.com/real-estate/expensive-housing/#payment They are now below 7% Link to comment Share on other sites More sharing options...
candide Posted December 15, 2023 Share Posted December 15, 2023 14 hours ago, Danderman123 said: One of the reasons for discontent in the US is that economy is so good that there are always long lines for shoppers. Everyone is spending money. That's the current paradox. People tend to be unhappy with the state of the economy, yet they behave in a different way: shops and restaurants are full, business are going on investing and recruiting people, etc... 1 Link to comment Share on other sites More sharing options...
placeholder Posted December 15, 2023 Share Posted December 15, 2023 2 hours ago, candide said: That's the current paradox. People tend to be unhappy with the state of the economy, yet they behave in a different way: shops and restaurants are full, business are going on investing and recruiting people, etc... There have been some polls done like the consumer confidence survey. And what it shows is that more people consider their personal economic prospects to be good. But when asked about the economly in general, they tend to give it the thumbs down. This reminds of polls concerning the American educational system. When asked, Americans tended to say that the educational system in America is bad. But when asked about the educational system where they live, they tended to say that it was good. 2 Link to comment Share on other sites More sharing options...
EVENKEEL Posted December 15, 2023 Share Posted December 15, 2023 On 12/13/2023 at 11:48 PM, placeholder said: Funny about those right wingers. When the Dow goes down, it's Biden's fault. When it goes up, it's the Fed that gets the credit. That's just human nature. I'm finally flush with my funds and won't feel bad withdrawing some for fun. It only took 2+ years to regain points to where it was when Trump was around. 1 1 Link to comment Share on other sites More sharing options...
placeholder Posted December 15, 2023 Share Posted December 15, 2023 2 minutes ago, EVENKEEL said: That's just human nature. I'm finally flush with my funds and won't feel bad withdrawing some for fun. It only took 2+ years to regain points to where it was when Trump was around. Well, since double standards do explain lots of human conduct, I'm inclined to agree with you. 1 1 Link to comment Share on other sites More sharing options...
placeholder Posted December 15, 2023 Share Posted December 15, 2023 4 minutes ago, EVENKEEL said: That's just human nature. I'm finally flush with my funds and won't feel bad withdrawing some for fun. It only took 2+ years to regain points to where it was when Trump was around. Really, that's how long it took to top the average when Trump was around? So Trump wasn't President on March 20th, 2020? That's when the Dow Jones average was 19,173.98. https://www.google.com/search?q=dow+jones+average&oq=dow+jones+average&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCDQzNThqMGo3qAIAsAIA&sourceid=chrome&ie=UTF-8 1 Link to comment Share on other sites More sharing options...
EVENKEEL Posted December 15, 2023 Share Posted December 15, 2023 49 minutes ago, placeholder said: Really, that's how long it took to top the average when Trump was around? So Trump wasn't President on March 20th, 2020? That's when the Dow Jones average was 19,173.98. https://www.google.com/search?q=dow+jones+average&oq=dow+jones+average&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCDQzNThqMGo3qAIAsAIA&sourceid=chrome&ie=UTF-8 I believe trump was around for 4 yrs as president. It was making a comeback when biden came in. I'm sorry things are slow in the world news section on this forum. I moved my 401 K to safe ground during the downturn. Just happy I can begin enjoying the $$'s. Link to comment Share on other sites More sharing options...
placeholder Posted December 15, 2023 Share Posted December 15, 2023 9 minutes ago, EVENKEEL said: I believe trump was around for 4 yrs as president. It was making a comeback when biden came in. I'm sorry things are slow in the world news section on this forum. I moved my 401 K to safe ground during the downturn. Just happy I can begin enjoying the $$'s. It's always entertaining to see how Trump supporters hold contrary opinions about trends. For example, here's a graphing showing unemployment levels in the USA. https://fred.stlouisfed.org/series/UNRATE No change in trend from the Obama administration for Trump's first 3 years in office but Trumpsters enthusiastically bestow on him the credit. Here's the trend for GDP https://fred.stlouisfed.org/series/GDP Actually, GDP growth accelerated after Biden took office. Yet "Bidenomics" is a term of reproach among Republicans. 2 Link to comment Share on other sites More sharing options...
EVENKEEL Posted December 15, 2023 Share Posted December 15, 2023 13 minutes ago, placeholder said: It's always entertaining to see how Trump supporters hold contrary opinions about trends. For example, here's a graphing showing unemployment levels in the USA. https://fred.stlouisfed.org/series/UNRATE No change in trend from the Obama administration for Trump's first 3 years in office but Trumpsters enthusiastically bestow on him the credit. Here's the trend for GDP https://fred.stlouisfed.org/series/GDP Actually, GDP growth accelerated after Biden took office. Yet "Bidenomics" is a term of reproach among Republicans. if biden is so awesome how come his polling is so dismal? I know many who are of retirement age and have no 401K money stashed. So this good news is basically meaningless to a good portion of Americans. 1 Link to comment Share on other sites More sharing options...
Popular Post candide Posted December 15, 2023 Popular Post Share Posted December 15, 2023 (edited) 8 minutes ago, EVENKEEL said: if biden is so awesome how come his polling is so dismal? I know many who are of retirement age and have no 401K money stashed. So this good news is basically meaningless to a good portion of Americans. And the reason why they have no money stashed is Biden? Not because they failed to spare enough over many years, or made wrong choices? Edited December 15, 2023 by candide 1 1 1 Link to comment Share on other sites More sharing options...
placeholder Posted December 15, 2023 Share Posted December 15, 2023 8 minutes ago, EVENKEEL said: if biden is so awesome how come his polling is so dismal? I know many who are of retirement age and have no 401K money stashed. So this good news is basically meaningless to a good portion of Americans. Mainly because the bout of inflation was scary and people still haven't gotten over it. Given that it's gone down rapidly and the fed is now saying it will lower rates, 6 months from now folks may be feeling differently. 1 Link to comment Share on other sites More sharing options...
EVENKEEL Posted December 15, 2023 Share Posted December 15, 2023 13 minutes ago, candide said: And the reason why they have no money stashed is Biden? Not because they failed to spare enough over many years, or made wrong choices? Where did I say it's biden's fault? I was saying so many Americans aren't vested in a retirement fund and don't follow the business news. Link to comment Share on other sites More sharing options...
Danderman123 Posted December 15, 2023 Share Posted December 15, 2023 1 hour ago, EVENKEEL said: Where did I say it's biden's fault? I was saying so many Americans aren't vested in a retirement fund and don't follow the business news. Wages are up for those people. 1 Link to comment Share on other sites More sharing options...
FruitPudding Posted December 16, 2023 Share Posted December 16, 2023 On 12/14/2023 at 1:25 PM, KhunLA said: Yep ... I traded for about 20 yrs, and 2 things I never looked at or cared about, the Dow and S&P. Guess it's fine for those wanting <10% ROI. What was your ROI? Link to comment Share on other sites More sharing options...
Popular Post gargamon Posted December 16, 2023 Popular Post Share Posted December 16, 2023 13 hours ago, EVENKEEL said: Where did I say it's biden's fault? I was saying so many Americans aren't vested in a retirement fund and don't follow the business news. Funny how the majority of the people you refer to are MAGA. Not smart enough to see through trump. Not smart enough to invest for retirement. Hmmmm. 3 Link to comment Share on other sites More sharing options...
Popular Post KhunLA Posted December 16, 2023 Popular Post Share Posted December 16, 2023 43 minutes ago, FruitPudding said: What was your ROI? 50-1000%. I don't think I sold anything <25%, after the Y2K scam. I held most of those for about 1.5 yrs. They'd split every 3-6 months. Used that to chip away at the market and build my account. Then sold my RE, and funds to the market. Switched to pennies & options after 2000. Speculative oil after Cheney/Bush2 got appointed. Along with a bit of inside trading. Took less then 3 yrs to build my retirement/oops fund. Wish I had known all this in my 20s, instead of my late 40s. Would have retired at 30, instead of 45. 3 Link to comment Share on other sites More sharing options...
candide Posted December 16, 2023 Share Posted December 16, 2023 15 hours ago, EVENKEEL said: Where did I say it's biden's fault? I was saying so many Americans aren't vested in a retirement fund and don't follow the business news. Ooops! My mistake! Link to comment Share on other sites More sharing options...
EVENKEEL Posted December 16, 2023 Share Posted December 16, 2023 4 hours ago, gargamon said: Funny how the majority of the people you refer to are MAGA. Not smart enough to see through trump. Not smart enough to invest for retirement. Hmmmm. Sounds like a comment from a foreigner who doesn't really have a personal grasp of the American people. 3 Link to comment Share on other sites More sharing options...
Popular Post gargamon Posted December 16, 2023 Popular Post Share Posted December 16, 2023 1 hour ago, EVENKEEL said: Sounds like a comment from a foreigner who doesn't really have a personal grasp of the American people. I lived in the US about 15 years. Many of those in an INBRED state. I couldn't believe how backwards the people in the INBRED states were. The only thing I could come up with at the time was that after the civil war, the gene pool dried up in those states due to most of the males being killed. So yes, Trump preys on those least capable of seeing through his BS. 1 1 1 Link to comment Share on other sites More sharing options...
Tug Posted December 16, 2023 Share Posted December 16, 2023 12 hours ago, gargamon said: Funny how the majority of the people you refer to are MAGA. Not smart enough to see through trump. Not smart enough to invest for retirement. Hmmmm. I tend to agree many have failed to (make it)and face an old age of poverty + trump constantly telling them it’s the government’s fault these sad specimens think trump well save them obviously he detests them 😞 1 Link to comment Share on other sites More sharing options...
Popular Post Danderman123 Posted December 16, 2023 Popular Post Share Posted December 16, 2023 The Stock Market is voting for Biden. 1 2 Link to comment Share on other sites More sharing options...
candide Posted December 16, 2023 Share Posted December 16, 2023 1 hour ago, Danderman123 said: The Stock Market is voting for Biden. So are most businesses which are going on recruiting employees and investing. 1 Link to comment Share on other sites More sharing options...
noobexpat Posted December 16, 2023 Share Posted December 16, 2023 I haven't counted but must be up 2 million baht this week. Yay! Link to comment Share on other sites More sharing options...
Danderman123 Posted December 16, 2023 Share Posted December 16, 2023 27 minutes ago, noobexpat said: I haven't counted but must be up 2 million baht this week. Yay! Another vote for Biden. 1 Link to comment Share on other sites More sharing options...
KhunLA Posted December 17, 2023 Share Posted December 17, 2023 Understanding the market, once achieved, trading is easy ... https://www.facebook.com/reel/666373389023633 Link to comment Share on other sites More sharing options...
placeholder Posted December 17, 2023 Share Posted December 17, 2023 13 hours ago, Danderman123 said: The Stock Market is voting for Biden. Well, they're really voting for the fact that the Fed signaled it won't raise interest rates. Many economists disagreed with the harshness of the Fed's interest rate policy. In fact, it looks more and more that, as many economist argued, the sharp rise in inflation was due to supply disruptions because of the Covid pandemic. 1 Link to comment Share on other sites More sharing options...
Dcheech Posted December 20, 2023 Share Posted December 20, 2023 With the market up, I put in a sell order. Bang it through Wise & over here before the 1st. Just in case there is an expat funds tax. I do not believe there will be one, but with the Market up, an easy decision to err on the side of caution. Thanks Mr. Biden Time for Christmas Bud. Happy Holidays 1 1 Link to comment Share on other sites More sharing options...
candide Posted December 24, 2023 Share Posted December 24, 2023 Trump is now complaining that soaring stocks are 'making rich people richer' after bragging about the market's gains while president 🤣 https://www.yahoo.com/finance/news/trump-now-complaining-soaring-stocks-214539045.html 1 Link to comment Share on other sites More sharing options...
placeholder Posted December 24, 2023 Share Posted December 24, 2023 Actually, a figure that's far less sexy but far more important would be what Treasury bonds are selling for. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now