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Post by sigurdur on Jan 19, 2016 19:01:58 GMT
We are already in a recession. Sadly.
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Post by missouriboy on Jan 20, 2016 14:59:22 GMT
For many many people, I'm not sure we ever left the last one!
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Post by sigurdur on Jan 20, 2016 15:16:14 GMT
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Post by sigurdur on Jan 20, 2016 15:39:51 GMT
On Monday, EPA Administrator Gina McCarthy defended the agency's response to the crisis. "EPA did its job but clearly the outcome was not what anyone would have wanted," she said. www.reuters.com/article/us-michigan-water-epa-idUSKCN0UX2KZThe EPA is so diligent, in regards to CO2, that it forgets its actual mandate. Talk about a crock!!!!!
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Post by nautonnier on Jan 20, 2016 16:01:14 GMT
It will also carry a lot of extra unrelated regulations. Expect more powers to the EPA amid some 'climate change' regulations that the other parties to the TPP can enforce on the USA without (and even overriding) action by the Congress.
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Post by Andrew on Jan 20, 2016 17:06:20 GMT
On Monday, EPA Administrator Gina McCarthy defended the agency's response to the crisis. "EPA did its job but clearly the outcome was not what anyone would have wanted," she said. www.reuters.com/article/us-michigan-water-epa-idUSKCN0UX2KZThe EPA is so diligent, in regards to CO2, that it forgets its actual mandate. Talk about a crock!!!!! The whole lead thing was probably another one of those scams. replace all the pipes in the houses and the leaded cars and is it actually so better now? Mercury in teeth? somebody benefits. Asbestos removal? somebody benefits. Ripping out oil burners? somebody benefits.
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Post by sigurdur on Jan 20, 2016 17:34:45 GMT
It is obvious that the US government is not at all efficient anymore. That 77 Billion...I had actually forgotten how large the Education Dept had become. What value is being demonstrated for all that money?
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Post by walnut on Jan 20, 2016 17:44:20 GMT
This correction already about 1/3 of the entire 2008 crash in absolute terms, if not by percentage. The crash is on it seems, kind of exciting in a sadistic way.
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Post by sigurdur on Jan 20, 2016 17:49:29 GMT
As huge as the US National Debt is, this is really a time to spend a trillion on infrastructure. There are no arrows left in the Fed quiver to prop up the economy.
The Fed was giving money to banks to keep the Stock Market afloat, but that ended. Anyone with eyes could see a potential correction coming. When P/E ratios are 30+ or worse! on most stocks, one knows that real value has been exceeded by a substantial amount.
Back in the old days, a P/E ratio of 7 or lower was desired before investing in a stock.
I guess the old days have been thrown out the window for years tho.
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Post by walnut on Jan 20, 2016 18:02:37 GMT
I agree, it seems like there is not much left the Fed can do, the market and this economy are now on their own.
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Post by glennkoks on Jan 20, 2016 20:00:36 GMT
Corrections are good things and we were way overdue. But does this have the potential to get out of hand and turn into a 50% plus decline in the markets? Possibly, but it just does not "feel" to me like it did in 2007-2008.
Our economy is not doing "good" by any stretch of the imagination but I don't think this turns into another collapse like we saw 8 years ago.
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Post by walnut on Jan 20, 2016 20:13:08 GMT
Right, me neither. But, this market is ALOT higher than it was then. What would support that level? You either have to grant that the economy is fundamentally very healthy, or believe that these price levels are unsustainable, and will come down much lower.
After all, the stock market is implying that the US economy is 50% larger or more valuable than it was 8 years ago. It is estimating and bidding on expected future income.
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Post by walnut on Jan 20, 2016 20:34:02 GMT
Holy crap, what a recovery though! wow Has this market found a bottom? I want to be a Believer
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Post by Andrew on Jan 20, 2016 20:40:32 GMT
Interesting situation. I have not followed the news for a week or so. Oil can only go lower till more producers go bankrupt. demand will supposedly rise weakly. Gold seems to be over reacting and will likely fall back to 1000 or lower. The US debt situation is not good but is over rated for the time being. Stock prices do not impact companies very much. What are low commodity prices telling us? Perhaps that they were irrationally priced due to inflation expectations. China may well be a total nothing burgur. Yes they had big problems due to injecting too much money into the economy but it could be quickly resolved by removing some irrational exuberances. Generally speaking there could be buying opportunities here. I might have to start taking this more seriously and do some research on investments rather than infra red cameras!
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Post by Andrew on Jan 20, 2016 20:49:35 GMT
Holy crap, what a recovery though! wow Has this market found a bottom? I want to be a Believer So it was down 400 and I write a positive post and it rebounds totally??
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