won't take long to find out which crowd is out of touch... the question is... then what... 4 more years of pain? lol
that's why the repeated invitation to test ride the Trump train... and you hopefully will realize who was out of touch.
So whatever happened to the recession we were supposed to have in 2019?
- Thread starter wildchild
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won't take long to find out which crowd is out of touch... the question is... then what... 4 more years of pain? lol
that's why the repeated invitation to test ride the Trump train... and you hopefully will realize who was out of touch.
I don't have any pain no matter who is US President. I'm a Toronto home owner; most of my family is in IT consulting and Toronto is #1 in growth in that area on the continent. There is some evidence that a portion of the growth is because Trump has made things difficult for some to do business in the US, but it hardly matters at this point the strong growth is here.
You seem out of touch to how many Americans are vulnerable in the current American system. Any recession would likely hit the US harder then Canada because your social safety net isn't good enough. You might personally be able to ignore that reality, depending on your situation, but I think even well off Americans won't be able to fully escape the systemic issues in the US moving forward. For example, much of California is on fire and that will have to be paid for. The federal debt is growing and that will have to be paid for. Trump is really good at delaying expenses and problems and passing them onto future years; young people are going to pay the brunt of it.
oh Canadian.. care to compare 10 year chart between SPY and EWC lol...
delaying expenses.. perhaps, but is also a necessary step to get the economy going... young people perhaps will pay for it, but that's what they've been saying all along.... fact is the entire globe pays for it as we can print the reserve currency lol.... you guys can't... oil came down years ago and the loonie came down with it lol.
You believe in a lot of crap, we get it. Federal deficits, urban decay, insurance premiums, crime rates; those are objective realities that don't lie. If things are so grand in the US, you wouldn't struggle so much as a nation to deal with these issues. Canada's not perfect but quality of life seems far better here then most of the US.
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Back to @wildchild's topic: No 2019 recession because the Fed is still printing lots of money.
Look up something called
'The Great Moderation'
The Fed and global central banks have guaranteed unending nominal GDP growth. This, combined with weak real wage growth and trailing household net worth (global rankings) will cause what was known as
'The Lost Decade'
in Japan to happen here in the US. The economy will continue expanding indefinitely amid low inflation. There will be a debt deflationary drag on spending which is why Fed needs to keep printing and expanding it's balance sheet. Also, you can't undo what they did with QE.
The rate hikes were just talk. Rates headed lower forever. There won't be a technical recession unless there is a problem in credit markets. Why would a big sell off occur when there are stupid amounts of money in ultra low yielding paper. Wall street is extorting money from yield starved pension funds through Fed policy ZIRP.
Dozu's pro boys don't need the market to move much they can just skim a 30 trillion listed cash market all day long. Amazing that all they have to do is manipulate rates to send equities reeling.
Fed has done it's job well. Prop up housing so that boomers and gen-X spend. Politics are the next shoe to drop. Who will win the election, Trump or the libs? This is what will matter to the US economy.
'The Great Moderation'
The Fed and global central banks have guaranteed unending nominal GDP growth. This, combined with weak real wage growth and trailing household net worth (global rankings) will cause what was known as
'The Lost Decade'
in Japan to happen here in the US. The economy will continue expanding indefinitely amid low inflation. There will be a debt deflationary drag on spending which is why Fed needs to keep printing and expanding it's balance sheet. Also, you can't undo what they did with QE.
The rate hikes were just talk. Rates headed lower forever. There won't be a technical recession unless there is a problem in credit markets. Why would a big sell off occur when there are stupid amounts of money in ultra low yielding paper. Wall street is extorting money from yield starved pension funds through Fed policy ZIRP.
Dozu's pro boys don't need the market to move much they can just skim a 30 trillion listed cash market all day long. Amazing that all they have to do is manipulate rates to send equities reeling.
Fed has done it's job well. Prop up housing so that boomers and gen-X spend. Politics are the next shoe to drop. Who will win the election, Trump or the libs? This is what will matter to the US economy.
Ok you can’t point out which part is untrue and have to label everything as crap? You can argue all you want. SPY still a lot better than EWC lol. And what is all the other stuff. Sounds like you been going to too many meetups for Canadian inferiority complex lol.
Fairly accurate. Except the ‘not move much’. SPY QQQ 10 year charts. Moves were good. And I just posted in another thread why the next leg up will catch many by surprise.
somewhat true... nothing is 100%.
and let me suggest neutral language.. using 'Dump' sounds angry and brainwashed.... Trump will have 4X the 2016 money and 4X the online spending... what are the odds he'll win again in 2020... every rally he does in swing states he's got full house plus 20-30k overflow people outside.... I say long Trump is a good trade.
the widespread anti-trump sentiment is also a confirmation that long the SP is a good trade.... the longs would feel pretty good with the market, while the flats/shorts are the ones who get jello and cynical.... this means sidelines cash is plenty..