The Trump Recession Begins

[JimBowie1958]

Yellen, Obama lapdog that she is, can be expected to massively raise interest rates so as to make depression, not just recession, inevitable. Like a wolverine raiding your cabin; they eat what's edible and piss on evrything else to make it useless to anything else.

By 2020 what do you think the Prime will be?

I am guessing around 4%.

 

[bodecea]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

Gfy

Oh dear.....what with this being a happy day for you and all.......

 

[Staidhup]

So repeal of Glass Steagall and stream of law suites against banks regarding underwriting criteria had nothing to do with the "crash", please, if you would, refresh my memory as to whom was president and whom used his oval office as a lobbying machine in repealing of Glass Steagall? Who was it that sat as committee head that blocked the audit of Fannie and Freddie declaring it unnecessary?
Don't misunderstand this post, there was plenty of blame to go around, however, the seeds ushering in the bubble and subsequent crash were sown well before Baby Bush touched down on the White House lawn.

 

[Avatar4321]

So is the Dow rallying part of this recession? Just wondering

 

[edthecynic]

I wonder if the normal 40 hour work week will return.

There is no end to the Eddie false narratives. He's trying to skew reality with a statistical average which includes part-time employees who are part-time by choice.

What Barack Obama and the Dumbocrats did, however, was force people into part-time hours because their employers could no longer handle the expense of labor costs in the Dumbocrat marxist economy.

OK, if you only want to count FT jobs, by 2014 Obama has recovered all the hours Bush lost from the time he started. FT workers are getting more hours than any time since 2001.

The average work week is now 47 hours

A report that Gallup released Friday showed the average time worked by full-time employees has ticked up to 46.7 hours a week, or nearly a full extra eight-hour day. Just 40 percent of Americans who work full time say they clock the standard 40 hours a week. Another 50 percent say they work more than that.

While that 46.7-hour average doesn't represent a significant jump, it is still the highest it has been since 2001-2002, when the average was 46.9 hours.

 

[owebo]

I wonder if the normal 40 hour work week will return.

There is no end to the Eddie false narratives. He's trying to skew reality with a statistical average which includes part-time employees who are part-time by choice.

What Barack Obama and the Dumbocrats did, however, was force people into part-time hours because their employers could no longer handle the expense of labor costs in the Dumbocrat marxist economy.

OK, if you only want to count FT jobs, by 2014 Obama has recovered all the hours Bush lost from the time he started. FT workers are getting more hours than any time since 2001.

The average work week is now 47 hours

A report that Gallup released Friday showed the average time worked by full-time employees has ticked up to 46.7 hours a week, or nearly a full extra eight-hour day. Just 40 percent of Americans who work full time say they clock the standard 40 hours a week. Another 50 percent say they work more than that.

While that 46.7-hour average doesn't represent a significant jump, it is still the highest it has been since 2001-2002, when the average was 46.9 hours.

Actually, it's approximately 52 according to the chart....workers no need to work two part time jobs.....

 

[edthecynic]

Barney Frank was a powerless MINORITY congressman incapable of doing anything to the Bush real estate market. Bush owns the housing crash.

Pffff!!! Bill Clinton crashed the entire housing market with his idiotic "1997 Community Re-Investment Act" which essentially forced banks to make loans to people who couldn't afford them.

You've egregious lied in every post in this thread.

The housing market crashed in 2007 not 1997, and it was Bush's Dec 2003 ADDI that made loans to unqualified borrowers with bad credit with no down payment for more than the property was worth, not the CRA, which only made loans to qualified borrowers with good credit for no more than 97% of the value of the property.

Not only is everything you post a lie, you even lie about who is lying!

 

[miketx]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

My wifes stock just jumped up a whole lot. And it's been steady. I think you're full of fecal matter.

 

[miketx]

Barney Frank was a powerless MINORITY congressman incapable of doing anything to the Bush real estate market. Bush owns the housing crash.

Pffff!!! Bill Clinton crashed the entire housing market with his idiotic "1997 Community Re-Investment Act" which essentially forced banks to make loans to people who couldn't afford them.

You've egregious lied in every post in this thread.

The housing market crashed in 2007 not 1997, and it was Bush's Dec 2003 ADDI that made loans to unqualified borrowers with bad credit with no down payment for more than the property was worth, not the CRA, which only made loans to qualified borrowers with good credit for no more than 97% of the value of the property.

Not only is everything you post a lie, you even lie about who is lying!

Bush again huh? Let's see now, how many presidents ago was he?

 

[bodecea]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

You mean like Brexit where the markets plunged and bounced right back?

Since you know nothing about investing or Wall Street, I'll give you the highlights.

Finance is a simple principle. You expect the risk adjusted rate of return for your investment.

Note people think risk means downside. Actually it just means volatility or a higher standard deviation in the expected returns.

So the market can go down for two reasons. The expected return goes down, or the volatility goes up.

Wall Street reads the media and knew Hillary was supposed to win. When the returns started coming in showing the exit polls were wrong and Trump was going to win, they had to assess what that means. It was uncertainty.

That uncertainty in financials is equivalent to risk.

That's why when things like Brexit or Trump winning that weren't expected the market typically drops. Then as they assess what it means to them and the uncertainty/risk goes down it bounces right back.

This was simple, clear and intuitive and you'd learn it in any finance class Tell the truth, you didn't get any of it, did you?

Well, let's see if they do bounce back.........

 

[AnCap'n_Murica]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

The markets shit a chicken after Brexit. Inside a month everything was back to where it was.

You actually have to put in some effort to be this foolish.

 

[AnCap'n_Murica]

RW's are forever dumb

 

[edthecynic]

I wonder if the normal 40 hour work week will return.

There is no end to the Eddie false narratives. He's trying to skew reality with a statistical average which includes part-time employees who are part-time by choice.

What Barack Obama and the Dumbocrats did, however, was force people into part-time hours because their employers could no longer handle the expense of labor costs in the Dumbocrat marxist economy.

OK, if you only want to count FT jobs, by 2014 Obama has recovered all the hours Bush lost from the time he started. FT workers are getting more hours than any time since 2001.

The average work week is now 47 hours

A report that Gallup released Friday showed the average time worked by full-time employees has ticked up to 46.7 hours a week, or nearly a full extra eight-hour day. Just 40 percent of Americans who work full time say they clock the standard 40 hours a week. Another 50 percent say they work more than that.

While that 46.7-hour average doesn't represent a significant jump, it is still the highest it has been since 2001-2002, when the average was 46.9 hours.

Actually, it's approximately 52 according to the chart....workers no need to work two part time jobs.....

The chart clearly says 46.7 hours, not 52. But either way it shoots down the Right-wing lie that workers are not working 40 hours since Obama.

 

[WillowTree]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

Don't you think it appropriate to get him sworn in first? Moron?

 

[Soggy in NOLA]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

The markets shit a chicken after Brexit. Inside a month everything was back to where it was.

You actually have to put in some effort to be this foolish.

No he doesn't actually..... it comes quite naturally.

 

[Soggy in NOLA]

This will be fun... the next 8 years we'll blame everything bad on Obama!!!!!! YEAH!!

 

[jc456]

get out the torches and lets lite this fucking country UP ^^

take health insurance away from 20 million people !!

it isn't anywhere near the truth there bubba, you have issues.

 

[edthecynic]

Barney Frank was a powerless MINORITY congressman incapable of doing anything to the Bush real estate market. Bush owns the housing crash.

Pffff!!! Bill Clinton crashed the entire housing market with his idiotic "1997 Community Re-Investment Act" which essentially forced banks to make loans to people who couldn't afford them.

You've egregious lied in every post in this thread.

The housing market crashed in 2007 not 1997, and it was Bush's Dec 2003 ADDI that made loans to unqualified borrowers with bad credit with no down payment for more than the property was worth, not the CRA, which only made loans to qualified borrowers with good credit for no more than 97% of the value of the property.

Not only is everything you post a lie, you even lie about who is lying!

Bush again huh? Let's see now, how many presidents ago was he?

One less than Clinton!!!

 

[edthecynic]

This will be fun... the next 8 years we'll blame everything bad on Obama!!!!!! YEAH!!

Well, this thread shows the Right are still blaming Clinton, so why is there a time limit on blaming Bush?????

 

[deltex1]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

Gfy

Oh dear.....what with this being a happy day for you and all.......

Dow is up 250.....so much for the trump crash.