More Madoff-Like Ponze Schemes

Discussion in 'Politics, Religion, Social Issues' started by stylinexpat, Dec 22, 2016.

  1. Snoopy4 macrumors 6502a

    Snoopy4

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    #3
  2. ibookg409 Suspended

    ibookg409

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    #4
    It's just more fear moving Behring from the ultra butt hurt left.
     
  3. DearthnVader macrumors 6502a

    DearthnVader

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    #5
    Dow up 1200 points, nothing to do with Trump. Ponzi schemes, must be Trump......
     
  4. stylinexpat thread starter macrumors 65816

    stylinexpat

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    #6
    True.. They happened under Obama. Market gains happened under Obama as well but let's see what happens starting next month when Trump officially becomes President.
    --- Post Merged, Dec 22, 2016 ---
    Yellen still has her position and as of now Trump can not change this. That position is off limits for Trump (at least for now that is).
     
  5. Desertrat, Dec 22, 2016
    Last edited: Dec 22, 2016

    Desertrat macrumors newbie

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    #7
    If Yellen continues with increases in the Fed rate, rest assured that the stock market will drop. How much? Nobody knows.

    Uber low rates promote malinvestment. Increasing rates inhibit business activity. Rock, meet hard place.

    Trump's stuck with happenings far beyond his control. Way too much bad debt out there.

    Schiff gives some examples of what is expected--Trump or no Trump:

    https://www.lewrockwell.com/2016/12/no_author/4-myths-us-economy/
     
  6. stylinexpat thread starter macrumors 65816

    stylinexpat

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    #8
    Rate increases are good for making money. Higher rates means a stronger dollar so short YEN and YUAN along with EURO to make money.
     
  7. TPadden macrumors 6502a

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    #9
  8. stylinexpat thread starter macrumors 65816

    stylinexpat

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  9. TPadden macrumors 6502a

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    #11
    Uh ........ sunrise and sunset!
     
  10. Zombie Acorn macrumors 65816

    Zombie Acorn

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    #12
    Market gains can happen for a number of reasons (people thinking deregulation may boost the economy being one of them). Laws not being enforced only happens for one reason, and Obama is at the top of that pyramid.
     
  11. NT1440 macrumors G4

    NT1440

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    #13
    If you're going to out yourself as not knowing anything about how SS works, or specifically the surplus that was by design supposed to be spent down as designed by the Reagan administration, why don't you do it in a thread specifically on SS?
     
  12. blackfox macrumors 65816

    blackfox

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    #14
    Well, I'm beginning to think almost all Corporate activity (and by extension a lot of Government fiscal policy) are also giant Ponzi schemes in themselves...a generation (or maybe two) from now will b left picking up the pieces. This has little to do with Trump, as it seems systemic at this point - but his Cabinet makeup might exacerbate things a bit...which, bright side, might be good in the long-run...
     
  13. stylinexpat thread starter macrumors 65816

    stylinexpat

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    #15
    We must not forget QE which Yellen is in charge of.
     
  14. Desertrat macrumors newbie

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    #16
    Interest rates higher than in other countries makes the dollar stronger and thus reduces exports. It makes imports cheaper which exacerbates our balance of trade deficits. What we're seeing at present is a race to the bottom, worldwide, in this ongoing currency war as countries try to maintain their exports.

    Government policies since 9/11 have furthered the decline in the buying power of the middle class. The problems generated by Obamacare have worsened it with the added costs of health insurance coverage and copay costs. Further, many companies have changed to fewer hours and to part-time employees instead of full-time. Some have reduced the workforce numbers to below the 50-employee cutoff. Others dropped medical coverage since the $2,500 fine is cheaper than the cost of insurance premiums. Some of this is exemplified by the increase in SNAP cards and in the lessening of the numbers of could-work people not working, as a percentage of the workforce.

    The policies of the FRB have led directly to the disparity of wealth that we're now seeing, far beyond anything in history. This contributes to societal instability--along with other governmentally induced causes, such as from the DOJ in its treatment of racial issues. The White House is contributory, as well.

    The increase in nit-picky regulation of many businesses has limited new startups and has contributed to the large number of closures. That exacerbates the unemployment problems we're facing.

    Note that of the 12 million jobs created during the Obama tenure, some 90% are at the low end of pay scales. We've been losing the $40/hr jobs and creating $10/hr jobs. That reduces the tax take at all levels of government. It increases deficits in both public service budgets and also payments into retirement funds.

    IOW, this century has been a showcase for doing stupid, and we've made ourselves victims of it.
     

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