Utopia Talk / Politics / THIRTY THOUSAND

Average Ameriacn rank	Tue Nov 24 22:23:01 2020 A new record, much much higher than it ever was during the Obama Biden administration. If Trump would stay President then we all would get rich. http://www...es-covid/2020/11/24/id/998576/ "As the stock market has just broken 30,000, it's never been broken, that number," Trump said early Tuesday afternoon. "Nobody thought they'd ever see it. It's the 9th time since the beginning of 2020 and it is the 48th time that they have broken records during the Trump administration."
obaminated rank	Wed Nov 25 00:10:32 2020 Good news
tumbleweed rank	Wed Nov 25 01:42:08 2020 Newsmax edited out where he said "that’s a sacred number: 30,000" (that was what he said in between their two quote fragments) maybe cause it's fucking weird thing to say & holding a 60-sec no-questions press event was a fucking weird thing to do whole event transcript: http://www...sident-trump-economy-112420-2/
Rugian rank	Wed Nov 25 01:51:18 2020 "& holding a 60-sec" He goes long form, you complain he's rambling. He goes short form, you complain it's weird. "no-questions press event" Maybe because when the press gets to ask questions, they ask things like "WILL YOU PARDON YOURSELF" during a goddamn turkey pardon.
habebe rank	Wed Nov 25 01:53:50 2020 TW will complain about anything Trump does.
patom rank	Wed Nov 25 02:10:57 2020 "A new record, much much higher than it ever was during the Obama Biden administration." Obama left office with it at a record high. Trump tried and still tries to take credit for saving the nation from the Recession. http://www...87CcgQBjuLpTufmNwz4CqUaeaWTL8U
renzo marQuez rank	Wed Nov 25 02:18:06 2020 The economy was awful throughout Obama's presidency. It remained awful during the Trump years. Biden won't make it any better.
jergul rank	Wed Nov 25 02:22:41 2020 http://www.nbim.no/en/ With that said, record breaking now in the midst of a panadmic is symptomatic of something horribly, horribly wrong. Cheering this is like cheering dramatic increases in the price of tomatoes. Its not even long term good for tomato merchants, let alone the people who suddenly feel rich because they have 3 tins of tomato sauce in their pantry.
patom rank	Wed Nov 25 02:38:19 2020 renzo, do you recall what Obama was handed when he took office?
Dukhat rank	Wed Nov 25 03:13:43 2020 It went up because of Biden. Nobody cares about Trumo anymore. It’s locking in a competent Coronavirus response and the new vaccines.
habebe rank	Wed Nov 25 03:32:22 2020 http://www...really-was-better-than-obama-s Good read....from Bloomberg at that.
jergul rank	Wed Nov 25 03:34:29 2020 It went up because a lot of liquidity was added and consumer spending remains flacid. Money has literally nowhere to go other than into stocks and fixed assets.
Habebe rank	Wed Nov 25 05:14:39 2020 Jergul, No one wants to hear about your E.D.
jergul rank	Wed Nov 25 09:28:01 2020 Habebe Do you blame past drug use on your obvious familiarity with the jargon related to that particular affliction?
habebe rank	Wed Nov 25 09:33:23 2020 Ypur deflecting.
Nimatzo rank	Wed Nov 25 09:56:55 2020 Low interest rates and helicopter money like never before together with the fact that jergul mentions, half the shit (or something) you would normally spend money on, is either closed down or operating at extremly low capacity. This is perhaps not the best use of capital at the moment considering countries are borrowing money from their future to carry their country through this. When is it a good use of resource to engage in zero sum games? It is one thing if you are buying into an IPO giving the company your money to invest in something, but we are talking about day to day speculation. Working as intended, AKA broken. I do it too. I requested the bank to freeze our payments (only paid interest), we didn't need to, but I took that money and bought funds and marginally beat the cost of interest. Yeay free market of retardation!
Dukhat rank	Wed Nov 25 11:00:18 2020 If 30,000 people had voted for Trump instead in Wisconsin and Arizona and Georgia, Trump would be president. 30,000 so scary.
Paramount rank	Wed Nov 25 11:06:38 2020 ” It's the 9th time since the beginning of 2020 and it is the 48th time that they have broken records during the Trump administration.” Maybe everyone is just happy that 2020 is the final year of the Trump administration?
earthpig rank	Wed Nov 25 11:19:03 2020 It's just inflation, dumbasses. The same reason all the fake appraisal websites (redfin, zillow, etc) say my personal home is up in value 15% since March. It's not appreciation, it's inflation. Nothing has increased in value. The individual dollar is cheaper and does less. The extra $50k used to get you a home with another bathroom, now that same $50k does jack shit but get you a similar home without that extra bathroom. I've been saying that for like 7 months, not really here but other places online and in person, at speaking events, etc. http://fred.stlouisfed.org/series/M2
earthpig rank	Wed Nov 25 11:24:25 2020 I have not improved my home 15%, my neighborhood is not 15% nicer, and so on. Inflation, not appreciation. They're printing money to suppress what "risk-based" mortgage interest rates should be, and inflate real estate values. 2008 NEVER AGAIN OMG PRINT THE MONEY PRINT THE MONEY PRINT
earthpig rank	Wed Nov 25 11:26:07 2020 In 2022, Ph.D economists will pine and wonder and debate and all that shit, over the truth of what I just told y'all. It will be a vigorous debate. At the end of the day, what I just said will be the theory that best matches the evidence before you at that point. Mark my words.
renzo marQuez rank	Wed Nov 25 13:14:33 2020 patom Member Tue Nov 24 18:38:19 "renzo, do you recall what Obama was handed when he took office?" Yes.
renzo marQuez rank	Wed Nov 25 13:16:23 2020 ep is correct. These numbers are not related to the actual health of the economy which has been awful for a long time. We never recovered from the Great Recession.
jergul rank	Wed Nov 25 13:29:00 2020 EP Hence my tomato soup analogy. You are hardly the only one that see this :).
Average Ameriacn rank	Wed Nov 25 13:35:19 2020 THIRTY THOUSAND! NEVER BEFORE!
jergul rank	Wed Nov 25 13:44:06 2020 AA Why not aim for thirty thousand billion?
Average Ameriacn rank	Wed Nov 25 13:45:24 2020 Only when Trump gets elected in 2024
werewolf dictator rank	Sun Nov 29 13:21:27 2020 "renzo, do you recall what Obama was handed when he took office?" it's easy to rapidly grow economy fast after it collapses.. and obama never did it in 8 years just look at trump.. after economy collapses under trump due to covid.. just in next quarter trump grows economy at 33.1%.. and in quarter after that is projected at 11% gdp growth by atlanta fed
habebe rank	Sun Nov 29 13:31:40 2020 ^Sounds like a good path to a quick recovery.
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