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Flip Flop
climber
Earth Planet, Universe
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Topic Author's Original Post - Oct 23, 2016 - 02:47pm PT
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What happens to y'all when the next crash comes? (on or about November 12, when the show is over?)
How did Marx and Engels put it way back in 1848? "the crisis tendencies of capitalism in terms of "the enforced destruction of a mass of productive forces". Commonly referred to as Creative Destruction
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Reilly
Mountain climber
The Other Monrovia- CA
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Oct 23, 2016 - 02:57pm PT
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If you believe in Marx and Engels you're probably not very invested in anything other than unicorn futures.
What, pray tell, is gonna cause this crash? Wall Street will be quite happy to see Hildabeast
enthroned as she is well and truly paid for. There could be a correction but there is not much
to indicate a 'crash'. There are problems with the Euro banks to be sure and China's real estate
bubble is definitely ready to be pricked but neither of those will cause the well diversified
investor inordinate grief. Of more concern is the state of the federal and state pension obligations but the recent court decision telling those morons they've no guarantee of limitless
largesse is very encouraging.
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Flip Flop
climber
Earth Planet, Universe
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Topic Author's Reply - Oct 23, 2016 - 03:01pm PT
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And yet it moves
Reilly, don't say that you weren't warned. It's the American retiree that's about to get feasted on. Are you suggesting that Marx and Engels never existed?
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Reilly
Mountain climber
The Other Monrovia- CA
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Oct 23, 2016 - 03:06pm PT
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It moves because of, at this time, uncertainty. There is plenty of that to be sure but there is as
least as much good news as bad in the US prognosis. Europe, not so much but that is why
one doesn't put more than 20% in furrin stocks and bonds. You just can't trust those Bolshies!
edit:
Flippy, trust me, I'll have the last laugh. If I were younger I would be MUCH more concerned.
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Flip Flop
climber
Earth Planet, Universe
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Topic Author's Reply - Oct 23, 2016 - 03:16pm PT
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Reilly, that 'last laugh' stuff is kinda anti social. Are you familiar with the term "Me Generation". Americans born between 46 and 64? The consensus is that all that jumping under the desk and threat of Global ThermoNucular War short circuited a whole generation. So when you're laughing in the old farts home just remember that we blame you.
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John Duffield
Mountain climber
New York
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Oct 23, 2016 - 03:26pm PT
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Interest rates, at long last, are moving upward. I believe Yellen will be able to control it, but I'm not sure.
Flip Flop is correct though, after the election, things that are on hold now, are gonna happen.
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Gunkie
Trad climber
Valles Marineris
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Oct 23, 2016 - 03:31pm PT
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No credit bubble. This bull will regain it's legs on Nov 9.
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Reilly
Mountain climber
The Other Monrovia- CA
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Oct 23, 2016 - 03:38pm PT
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Interest rates, and specifically bond rates, are a result of China's one child policy, not to mention any form of retirement benefits for those not blessed with gubmint pensions. Yellen and Draghi are increasingly being made impotent, or irrelevant to be more polite.
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John M
climber
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Oct 23, 2016 - 03:41pm PT
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Quite a few people predicted an armed revolution after Obama was elected. Some here on the taco said within one year of his election.
Didn't happen.
I'm not saying a correction isn't coming. But as Reilly said. Hillary is bought and paid for by the powers that be.
I did predict the recession under Bush.
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Gunkie
Trad climber
Valles Marineris
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Oct 23, 2016 - 03:44pm PT
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I did predict the recession under Bush.
Two recessions under Bush. 2001-2002, 2008-[2009]
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John M
climber
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Oct 23, 2016 - 03:46pm PT
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2001 2002 was not predictable. at least timing wise. We had a good idea that we would be attacked some day. Just not that successfully, nor when.
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c wilmot
climber
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Oct 23, 2016 - 03:47pm PT
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The recession never ended.
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Gunkie
Trad climber
Valles Marineris
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Oct 23, 2016 - 03:48pm PT
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Two under Obama....the present one, and the big one that is imminent.
Not by definition; need two consecutive quarters reporting negative GDP growth. Exactly what is going to trigger the 'big one' in your opinion?
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Gunkie
Trad climber
Valles Marineris
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Oct 23, 2016 - 03:49pm PT
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2001 2002 was not predictable. at least timing wise. We had a good idea that we would be attacked some day. Just not that successfully, nor when.
Well I hope you made some bread on the one you did predict, a la The Big Short.
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John Duffield
Mountain climber
New York
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Oct 23, 2016 - 03:51pm PT
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will a Time-Warner merger signal it?
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Gnome Ofthe Diabase
climber
Out Of Bed
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Oct 23, 2016 - 04:02pm PT
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-making this statement denies known history the previous administration
the Clinton presidency left in a shambles, warned C Rice And Cheeney/bushy, they went on vacations. . .
2001 2002 was not predictable. at least timing wise. We had a good idea that we would be attacked some day. Just not that successfully, nor when.
By September 5th, 2001, the then new administration got what they had a handshake deal on
" just not Nucleerar"
then they ( Cheeny, Wolferwitz, & Rumsfeldgo to Vietnam)
dropped "Ground zero", into the lexicon.
Do any of you wonder why?
The next thing will be a Big Bang
somewhere
May be here, east coast USA ?
That would fix her wagon
and tie us to the house of Saud(i)
As they buy up our Chinese debt.
The was never a time since 1999, when we haven't been in recession.
( chart posted, above)
Multiply the growth of the haves, the wealthier than all but Cragsmans counsel,
The Meg rich are sitting pretty, have cash and holdings that when liquidated will again
Surge a new economy, just hope the USA is still intact to rise from the ashes
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zBrown
Ice climber
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Oct 23, 2016 - 04:02pm PT
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ST ILLUMINATI!
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Flip Flop
climber
Earth Planet, Universe
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Topic Author's Reply - Oct 23, 2016 - 04:19pm PT
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Was that a man bun?
I just missed a gubmint job. Town Maintenance. Damn. It's not the loss that gets you it's the loss of hope.
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zBrown
Ice climber
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Oct 23, 2016 - 07:05pm PT
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There is no recession so far in 2016 and when the numbers come out at the end of the month the possibility of one will most likely become impossible.
AT&T decision is likely at least one year out.
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