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Random Politics & Religion #36
Valefor.Endoq
Server: Valefor
Game: FFXI
Posts: 6906
By Valefor.Endoq 2018-12-25 02:20:36
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Valefor.Endoq
Server: Valefor
Game: FFXI
Posts: 6906
By Valefor.Endoq 2018-12-25 02:23:46
PAGED!!
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Garuda.Chanti
Server: Garuda
Game: FFXI
Posts: 11826
By Garuda.Chanti 2018-12-25 09:18:41
Steven Mnuchin tries to calm the markets. The markets panic.
Quote: New York (CNN Business)Markets took a wild ride on Monday, and the Dow briefly fell below 22,000, after Treasury Secretary Steven Mnuchin's attempts to calm investors backfired.
The Dow, which crossed 22,000 for the first time in September 2017, recovered slightly but was still about 200 points lower in late morning trading. The S&P 500 and the Nasdaq fell.
Mnuchin on Sunday released an unusual statement to say he had called the CEOs of the country's biggest banks. He said the executives assured him their banks are healthy and have "ample liquidity" to lend to consumers and businesses.
"Markets continue to function properly," he said. Total amateur hour. He is an idiot, 650 point drop. Thanks Trump. Please explain the trump policy responsible and how it causes the drop?
We’ll all wait. Hiring incompetent morons. The policy didn't cause the plunge, the moron did.
By fonewear 2018-12-25 11:42:08
Steven Mnuchin tries to calm the markets. The markets panic.
Quote: New York (CNN Business)Markets took a wild ride on Monday, and the Dow briefly fell below 22,000, after Treasury Secretary Steven Mnuchin's attempts to calm investors backfired.
The Dow, which crossed 22,000 for the first time in September 2017, recovered slightly but was still about 200 points lower in late morning trading. The S&P 500 and the Nasdaq fell.
Mnuchin on Sunday released an unusual statement to say he had called the CEOs of the country's biggest banks. He said the executives assured him their banks are healthy and have "ample liquidity" to lend to consumers and businesses.
"Markets continue to function properly," he said. Total amateur hour. He is an idiot, 650 point drop. Thanks Trump. Please explain the trump policy responsible and how it causes the drop?
We’ll all wait. Hiring incompetent morons. The policy didn't cause the plunge, the moron did.
Yea Trump is in charge of the stock market. Grocery Market and the fish market !
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Garuda.Chanti
Server: Garuda
Game: FFXI
Posts: 11826
By Garuda.Chanti 2018-12-25 12:17:25
Yea Trump is in charge of the stock market. Grocery Market and the fish market ! I thought something smelled fishy.
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By Nausi 2018-12-25 14:13:25
Steven Mnuchin tries to calm the markets. The markets panic.
Quote: New York (CNN Business)Markets took a wild ride on Monday, and the Dow briefly fell below 22,000, after Treasury Secretary Steven Mnuchin's attempts to calm investors backfired.
The Dow, which crossed 22,000 for the first time in September 2017, recovered slightly but was still about 200 points lower in late morning trading. The S&P 500 and the Nasdaq fell.
Mnuchin on Sunday released an unusual statement to say he had called the CEOs of the country's biggest banks. He said the executives assured him their banks are healthy and have "ample liquidity" to lend to consumers and businesses.
"Markets continue to function properly," he said. Total amateur hour. He is an idiot, 650 point drop. Thanks Trump. Please explain the trump policy responsible and how it causes the drop?
We’ll all wait. Hiring incompetent morons. The policy didn't cause the plunge, the moron did. Ok. How did the guy cause the market to go down?
Also MERRY CHRISTMAS!
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Garuda.Chanti
Server: Garuda
Game: FFXI
Posts: 11826
By Garuda.Chanti 2018-12-25 16:53:19
He called the heads of the largest fricking banks on Xmas eve and then announced to the world that everything was fine.
The treasury secretary does NOT do that because if he does investors start sweating and auto trading programs go into sell or die mode.
But he did, they did, they did, and the dow lost 650 points in an hour or two.
And then the asian markets opened and started emulating monty python sheep too ...
Merry Christmas to you too.
By Nausi 2018-12-25 17:05:18
Chanti to my knowlege here is no option to limit-sell or buy on word of the treasury secretary.
facts I don't like.
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Garuda.Chanti
Server: Garuda
Game: FFXI
Posts: 11826
By Garuda.Chanti 2018-12-25 17:19:23
Mnuchin’s attempt to calm markets backfires as Trump takes another shot at the Federal Reserve
LA Times
Quote: An attempt by Treasury Secretary Steven T. Mnuchin to calm plunging financial markets backfired Monday, further rattling investors with new fears about whether major U.S. banks have enough cash on top of worries about interest rates, political instability in Washington and a slowing global economy....
“It seems like the government and [Trump’s] advisors can’t get out of their own way,” said Jack Ablin, chief investment officer at Cresset Wealth Advisors in Chicago. “Already there’s a fair amount of uncertainty or lack of confidence in their ability to lead, and Mnuchin’s move just reinforced that concern.” ...
Despite the stock market’s steep declines, there had been no concerns about whether banks had enough cash or that financial markets were not functioning normally. Mnuchin’s statement sent up red flags.
“From all indications, Secretary Mnuchin was attempting to ease market concerns but very well did the exact opposite,” said Andrew Kositkun, foreign exchange analyst at City National Bank in Los Angeles.
“While the stock market has sold off sharply, there wasn’t really any concerns about liquidity,” he said. “However, the markets are very much on edge, leaving some wondering if there is something Mnuchin knows that the markets don’t, especially given that the easier way to check on liquidity would be to call [Fed Chairman] Jay Powell.” ... Makes me wish KN was still around to explain how autotrading programs amplify market trends at the speed of light.
Valefor.Endoq
Server: Valefor
Game: FFXI
Posts: 6906
By Valefor.Endoq 2018-12-25 18:39:10
By Nausi 2018-12-25 18:41:23
If i were to tell you your house wasnt on fire and you were to react as though your house IS on fire, you could not hold me responsible for your over reaction.
Asura.Saevel
Server: Asura
Game: FFXI
Posts: 10279
By Asura.Saevel 2018-12-25 19:09:06
That is why I make fun of the Canadians, they've gone full retard.
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Valefor.Endoq
Server: Valefor
Game: FFXI
Posts: 6906
By Valefor.Endoq 2018-12-25 19:16:33
That is why I make fun of the Canadians, they've gone full potato. FTFY
Wouldn’t want you to get sent to the micro aggression prison for melting snowflakes :3
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Garuda.Chanti
Server: Garuda
Game: FFXI
Posts: 11826
By Garuda.Chanti 2018-12-25 20:36:45
Republicans, Don’t Fool Yourselves — Donald Trump Is in Serious Trouble
The freaking NATIONAL REVIEW!!!
Best line:
Quote: ... if you’re a campaign-finance lawyer, and a candidate asks your advice on how to buy the silence of a porn star and hide that payment entirely from the American people, your best response should be, “Have you considered not running for office?”
Garuda.Chanti
Server: Garuda
Game: FFXI
Posts: 11826
By Garuda.Chanti 2018-12-25 20:41:00
By Nausi 2018-12-26 08:31:13
Republicans, Don’t Fool Yourselves — Donald Trump Is in Serious Trouble
The freaking NATIONAL REVIEW!!!
Best line:
Quote: ... if you’re a campaign-finance lawyer, and a candidate asks your advice on how to buy the silence of a porn star and hide that payment entirely from the American people, your best response should be, “Have you considered not running for office?” THIS time Blumpf is done!
By fonewear 2018-12-26 09:03:38
Republicans, Don’t Fool Yourselves — Donald Trump Is in Serious Trouble
The freaking NATIONAL REVIEW!!!
Best line:
Quote: ... if you’re a campaign-finance lawyer, and a candidate asks your advice on how to buy the silence of a porn star and hide that payment entirely from the American people, your best response should be, “Have you considered not running for office?”
Silence of the Porn Stars...good movie title !
Asura.Saevel
Server: Asura
Game: FFXI
Posts: 10279
By Asura.Saevel 2018-12-26 09:14:51
Republicans, Don’t Fool Yourselves — Donald Trump Is in Serious Trouble
The freaking NATIONAL REVIEW!!!
Best line:
Quote: ... if you’re a campaign-finance lawyer, and a candidate asks your advice on how to buy the silence of a porn star and hide that payment entirely from the American people, your best response should be, “Have you considered not running for office?” THIS time Blumpf is done!
While completely ignoring the Clintons and Kennedys. Wouldn't be surprised if the Bush's didn't also have some hanky panky going on and they were just better at hiding it.
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By fonewear 2018-12-26 09:18:00
I wish I could ignore the Kennedy's but they seem to be breeding at an alarming rate...I think there is only 10,000 Kennedy's left.
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By fonewear 2018-12-26 09:19:34
Mnuchin’s attempt to calm markets backfires as Trump takes another shot at the Federal Reserve
LA Times
Quote: An attempt by Treasury Secretary Steven T. Mnuchin to calm plunging financial markets backfired Monday, further rattling investors with new fears about whether major U.S. banks have enough cash on top of worries about interest rates, political instability in Washington and a slowing global economy....
“It seems like the government and [Trump’s] advisors can’t get out of their own way,” said Jack Ablin, chief investment officer at Cresset Wealth Advisors in Chicago. “Already there’s a fair amount of uncertainty or lack of confidence in their ability to lead, and Mnuchin’s move just reinforced that concern.” ...
Despite the stock market’s steep declines, there had been no concerns about whether banks had enough cash or that financial markets were not functioning normally. Mnuchin’s statement sent up red flags.
“From all indications, Secretary Mnuchin was attempting to ease market concerns but very well did the exact opposite,” said Andrew Kositkun, foreign exchange analyst at City National Bank in Los Angeles.
“While the stock market has sold off sharply, there wasn’t really any concerns about liquidity,” he said. “However, the markets are very much on edge, leaving some wondering if there is something Mnuchin knows that the markets don’t, especially given that the easier way to check on liquidity would be to call [Fed Chairman] Jay Powell.” ... Makes me wish KN was still around to explain how autotrading programs amplify market trends at the speed of light.
You can't win in the Stock Market !
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By fonewear 2018-12-26 09:33:14
He called the heads of the largest fricking banks on Xmas eve and then announced to the world that everything was fine.
The treasury secretary does NOT do that because if he does investors start sweating and auto trading programs go into sell or die mode.
But he did, they did, they did, and the dow lost 650 points in an hour or two.
And then the asian markets opened and started emulating monty python sheep too ...
Merry Christmas to you too.
It was worst than the crash of 1929 I tells ya !
By fonewear 2018-12-26 09:36:59
Lolgrim or whatever has been predicting this Fed demise for years maybe he is finally right !
Siren.Mosin
By Siren.Mosin 2018-12-26 09:46:54
It was worst than the crash of 1929 I tells ya !
I haven't look at my 401k since I had to cash it out for my wife's back surgery in like... 2010? 2011? I don't really even care about it, I assume I'll just die at my desk, and it'll be a consolation prize for the wife and kids. I don't honestly believe I'll ever see it, so it's super hard to give a *** about. I'm going to go buy some powerball tickets at some point today.
By fonewear 2018-12-26 09:57:26
Investing in lottery tickets is a good way to protect your future. I highly recommend it.
By fonewear 2018-12-26 09:58:49
It was worst than the crash of 1929 I tells ya !
I haven't look at my 401k since I had to cash it out for my wife's back surgery in like... 2010? 2011? I don't really even care about it, I assume I'll just die at my desk, and it'll be a consolation prize for the wife and kids. I don't honestly believe I'll ever see it, so it's super hard to give a *** about. I'm going to go buy some powerball tickets at some point today.
You need a de motivational plaque like Homer !
By fonewear 2018-12-26 09:59:44
How I felt in on first day of school also:
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Server: Shiva
Game: FFXI
Posts: 20130
By Shiva.Nikolce 2018-12-26 10:29:59
I haven't look at my 401k
there was a story about index funds on npr I found interesting...
npr
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Bahamut.Ravael
Server: Bahamut
Game: FFXI
Posts: 13643
By Bahamut.Ravael 2018-12-26 10:33:47
It's rare to hear "NPR" and "interesting" in the same sentence!
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Server: Shiva
Game: FFXI
Posts: 20130
By Shiva.Nikolce 2018-12-26 12:24:29
It's rare to hear "NPR" and "interesting" in the same sentence!
yeah... that's why I posted it.
concern over the growing power of a handful of shadowy figures whose motives are unknown but presumed sinister...
back during the depression people realized you could have let a chicken poop on the newspaper stock page and the returns would be on par with hired professionals... and along come computers to do the pooping/picking and boom index funds were born....and they keep getting more popular.
electronic pooping chickens, randomly buying stocks, controlling an ever growing percentage of the total market.
By fonewear 2018-12-26 12:37:39
I haven't look at my 401k
there was a story about index funds on npr I found interesting...
npr
That looks complicated can you read it to me ?
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