Foolproof recession indicator is glowing red

Discussion in 'Stock Market' started by iamwhatiseem, Aug 14, 2019.

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    Recession indicator with perfect track record flashing red

    What will be the fix this time?
    Bush/Obama admin spent over a $trillion bailing out the central banks, investment groups and $billionaires that resulted in the widest earnings gap in American history and rocketed stock prices beyond absurd.

    That was never going to fix the problem of an entire economic industry dependent on ever rising stock values despite reality.

    Will the FEDS and Trump do the same as Obama/Bush bail out the super corporations/investment banks to maintain the gross over valuation?
     
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  2. debbiedowner
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    debbiedowner Gold Member

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    Might as well he's already bailing the farmer's out.
     
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  3. KissMy
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    KissMy Free Breast Exam

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    Buy Gold!!!
     
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  4. JGalt
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    JGalt Platinum Member

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    If the shit ever does the fan, my little round-nosed 170-grain pieces of cast lead/tin will be worth more than all the gold in the world.

    The Amish will trade me many chickens, goats, and wives for them. :laughing0301:
     
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    Last edited: Aug 14, 2019
  5. P F Tinmore
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    P F Tinmore Diamond Member

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    We obviously have problems in our economy.
    Trump has done nothing.
    Obama did nothing.
    Bush did nothing.

    How can we expect anything to get better?
     
  6. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Bush/Obama admin spent over a $trillion bailing out the central banks, investment groups and $billionaires

    What are you talking about?
    If you meant the bank portion of TARP, the banks paid that back at a huge profit to the Treasury.
     
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  7. JGalt
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    JGalt Platinum Member

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    Only partially correct. By 2014, the US Treasury recovered funds totaling $441.7 billion from $426.4 billion that was invested, earning a measly $15.3 billion profit or an annualized rate of return of 0.6%. When you adjust that for inflation, what you have in effect, is a loss.

    Then there was the fraud. Some financial institutes were accused of not using the loaned dollars for its intended reason. Others further abused investors after the TARP legislation was passed by telling investors their money was invested in the federal TARP financial bailout program and other securities that did not exist.

    In a 2011 quarterly report to Congress, it was reported that there were more than 150 ongoing criminal and civil investigations. There had already been the criminal convictions of 28 defendants (19 had already been sentenced to prison), and civil cases naming 37 individuals and 18 corporate/legal entities as defendants. It had recovered $151 million, and prevented $553 million going to Colonial Bank, which failed.
     
  8. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    By 2014, the US Treasury recovered funds totaling $441.7 billion from $426.4 billion that was invested,

    Are you counting in the $426.4 billion the mortgage handouts?
    Or the auto bailout?
     
  9. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Then there was the fraud. Some financial institutes were accused of not using the loaned dollars for its intended reason.

    Capital. TARP was to rebuild the capital of the banks. Fraud? That's funny!!!

    Others further abused investors after the TARP legislation was passed by telling investors their money was invested in the federal TARP financial bailout program and other securities that did not exist.

    Never heard that. Got a link?

    In a 2011 quarterly report to Congress, it was reported that there were more than 150 ongoing criminal and civil investigations

    Good. Put the crooks in jail.
     
  10. JGalt
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    JGalt Platinum Member

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    TARP. The mortgage bailout was HARP, and the GM bailout was a different program.
     

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