Trump Presidency Round 2

RDU Irish

RDU Irish

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ulukinatme said:
Dow closed down .91% today, not even close to a Top 10. NASDAQ was up. Predictions were wildly off.
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People gnashing their teeth the hardest have been gnashing their teeth the hardest since Orange Man won. Plenty to criticize but would prefer to hear from the non-TDS crowd. NDRock carries weight - he is a reasonable human. Lax carries weight. The trolls who spam this thread can go cry to their mothers.

I have been telling industry pros for over a year that a recession was likely in 2025 regardless of the election outcome. 7% mortgages are not compatible with $400k starter homes. Full employment, inflation and a skyrocketing market (+20% in 2023 AND 2024) are not compatible with cutting Fed Funds rates (remember "they" were calling for 7 rate cuts in 2024). Higher rates are meant to slow economic activity absent other forces but we couldn't do that leading into an election!

Punch bowl was running out no matter what. Trump is definitely kicking it over right now and making a mess. Decades of trade policy gutted US manufacturing - great jobs in flyover country for average folks. Trying to reverse that in one week is plain retarded. At least my kids won't die defending Ukraine or Europe - sometimes these are the tradeoffs adults have to make when choosing between a Giant Douche and a Turd Sandwich. Be nice if Republicans could suck less and Dems could try to sniff normalcy but these are the cards we are dealt.
 
ulukinatme

ulukinatme

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RDU Irish said:
People gnashing their teeth the hardest have been gnashing their teeth the hardest since Orange Man won. Plenty to criticize but would prefer to hear from the non-TDS crowd. NDRock carries weight - he is a reasonable human. Lax carries weight. The trolls who spam this thread can go cry to their mothers.

I have been telling industry pros for over a year that a recession was likely in 2025 regardless of the election outcome. 7% mortgages are not compatible with $400k starter homes. Full employment, inflation and a skyrocketing market (+20% in 2023 AND 2024) are not compatible with cutting Fed Funds rates (remember "they" were calling for 7 rate cuts in 2024). Higher rates are meant to slow economic activity absent other forces but we couldn't do that leading into an election!

Punch bowl was running out no matter what. Trump is definitely kicking it over right now and making a mess. Decades of trade policy gutted US manufacturing - great jobs in flyover country for average folks. Trying to reverse that in one week is plain retarded. At least my kids won't die defending Ukraine or Europe - sometimes these are the tradeoffs adults have to make when choosing between a Giant Douche and a Turd Sandwich. Be nice if Republicans could suck less and Dems could try to sniff normalcy but these are the cards we are dealt.
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The market has been on an unprecedented climb over the last 8-10 years too. As is the nature of the beast, what goes up must come down. We could see a lot of new investors as the prices drop.
 
BuaConstrictor

BuaConstrictor

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RDU Irish said:
I have been telling industry pros for over a year that a recession was likely in 2025 regardless of the election outcome.
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God help you if you think this is the point.

As we have been addressing this entire time, it is one thing to have a recession occur because of a host of factors both in and out of your control...regardless of party. It's another thing to watch Trump self-immolate the economy with one of the dumbest economic moves in the history of the United States and perhaps be the primary (or only) cause of a recession. The point isn't the (possible/probable(?)) recession...or the Dow falling off a cliff...it's about why it's happening.
 
Sea Turtle

Sea Turtle

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I see gold is down a bit. Does anyone invest in gold on here?

Every time I start talking about it, people tell me to invest in the gold mining companies instead of gold itself.
 
NDRock

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Sea Turtle said:
I see gold is down a bit. Does anyone invest in gold on here?

Every time I start talking about it, people tell me to invest in the gold mining companies instead of gold itself.
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Every time I watch the Italian Job I want to buy gold bars (they’d be smaller than the ones in the movie). Personally, I’d buy 1 oz bars. What’s the fun of owning gold if you can’t touch it? Gotta have a little fun in this life.
 
Sea Turtle

Sea Turtle

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NDRock said:
Every time I watch the Italian Job I want to buy gold bars (they’d be smaller than the ones in the movie). Personally, I’d buy 1 oz bars. What’s the fun of owning gold if you can’t touch it? Gotta have a little fun in this life.
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It would be cool to have one of those big bars and let your wife and kids hold it every now and then.

When you bring it out do the Goldfinger 'I love gold Mr. Bond'. 😆
 
BuaConstrictor

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NDShark said:
Powerball draws later tonight!
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200w.gif
 
calvegas04

calvegas04

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NDRock said:
Every time I watch the Italian Job I want to buy gold bars (they’d be smaller than the ones in the movie). Personally, I’d buy 1 oz bars. What’s the fun of owning gold if you can’t touch it? Gotta have a little fun in this life.
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Costco sells them
 
NDRock

NDRock

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Sea Turtle said:
It would be cool to have one of those big bars and let your wife and kids hold it every now and then.

When you bring it out do the Goldfinger 'I love gold Mr. Bond'. 😆
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I know the TN legislature got rid of sales tax on precious metals. Think it’s been within the last couple of years.
 
BuaConstrictor

BuaConstrictor

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I enjoy the Dow Futures go up a slight bit on the implication that the POTUS is a retard and has to be talked to by his Tresurery Secretary.
 
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