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In the years immediately after the Bush tax cuts, the economy grew AND the deficit was declining due to increased tax revenues, your argument pertaining to such is catagorically incorrect. The financial crisis of 2008 was not created by the Bush tax cuts.

Peace

Tax cuts causing economic bust wasn't remotely the point he was making. Obviously he isn't against the federal gov't taking in less $.

His point is that running up deficits via wasteful gov't spending and manipulating interest rates after recessions leads to massive boom/bust cycles (among other things)

Much of the economic growth you get when you do that isn't real sustainable growth, it's a stripper in Arizona buying 7 condos with 5% down.
 

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ZIRP for entire obama administration while government debt skyrocketed...was essentially a tax cut for everybody.. allowed both corporations and individuals to debt as much as possible beyond their means.. creating the 3rd bubble in recent history.. now we at the stage where we wait and see if trump can blow it up further .. so far so good and he's not even in office yet lol..

think reality hits come January guess we shall see..
 

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Just like the republicans claimed during the bush years that when you cut taxes corporations will reinvest the money in businesses and create jobs .:. the liberals told us ZIRP would do the same thing..

what do these megacorporations do? Biggest things is M&A best way to grow is just buy out the competition.. once you do that what happens .. redundant good paying jobs are axed .. and those people now have to go work at an Applebee's.. but the job numbers are great!!

they also take a lot of that tax savings and/or debt (via ZIRP) to buy back stock.. can't make numbers next quarters no worries we'll just debt and buyback stock and fluff the numbers..

outside tech land very little true organic growth out there just financial elites fluffing numbers/creating pseudo monopolies via M&A.. creating an illusion of economic health..

good to have you back willie gets lonely in here shouting at Wall lol..
 

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In the years immediately after the Bush tax cuts, the economy grew AND the deficit was declining due to increased tax revenues, your argument pertaining to such is catagorically incorrect. The financial crisis of 2008 was not created by the Bush tax cuts.

Peace

The "deregulation" part that republicans always push is the problem as Washington is corrupted/influenced by big business interests.. They look the other way when there is a clear housing bubble for instance.. again in a TRUE FREE MARKET deregulation makes sense.. but what we have now is crony capitalism galore.. the banks created the bubble and got bailed out! How is that fair??? We are far from free markets.. and bubbles are promoted not hindered.. so deregulation has been proven to be a recipe for disaster as we experienced at the end of bush's term..

obviously I'm for lowest taxes possible IF you have a balance budget..

im sure all these Goldman guys that are lining up to be part of trumps economic team would never repeat history (if given the chance by congress)
 

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Exxon now in trumps ear via Secretary of State leading the charge..almost there!!!

This rally reeks heavily of blowoff top.. we shall see.. really having a hard time not leaning more short here .. mainly in cash and have a bit of short on as a hedge..
 

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Regardless we are currently at 2nd highest valuations ever on a historical basis.. we now past 2007 with this rally.. only tech bubble was larger

maybe I'm totally off base .. "this time is different".. and trump gonna usher in the everything is awesome era.. I'll believe it when I see it..
 

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US support of the rebels in Syria led to nothing.. Syria government just retook Aleppo.. hopefully this marks the beginning of the end of the civil war we shoulda never gotten involved with..
 

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I'm so fucking pissed
 

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What do I do tiz?
 

Give BB 2.5k he makes it 20k within 3 months 99out
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Chopper: Do you own any gold? I've never bought it before.
 

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What do I do tiz?

Do you bet a team 2nd half after they get up 14-0 because you didn't bet them to start the game? The ship has sailed on that near-term bounce.

If your core-thesis hasn't changed then you do what you've been doing.
 

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US support of the rebels in Syria led to nothing.. Syria government just retook Aleppo.. hopefully this marks the beginning of the end of the civil war we shoulda never gotten involved with..

What a humanitarian crisis. People on twitter tweeting out their last words, pretty sad.

Not sure what the US could really do though. I tend to have the default opinion that these places can't have democracy and a fanatical regime will emerge, but man it is tough to get worse than Assad. Brutal and evil MF'er.
 

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What do I do tiz?

Dont listen to some guy ranting on a gambling forum lol .. listen to yourself .. not losing any money being in cash.. and nobody is ever gonna nail the tops and bottoms exactly that's a given..

will see what happens now that 2nd rate hike from ZIRP is finally here

retail sales for nov missed expectations.. oct revised down (they almost always revise it down).. futures a touch red.. gold up..
 

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Will rate hike move markets much? It was mostly priced in according to CME futures.

Hopefully Trump bitches about that convenient timing.
 

the bear is back biatches!! printing cancel....
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What a humanitarian crisis. People on twitter tweeting out their last words, pretty sad.

Not sure what the US could really do though. I tend to have the default opinion that these places can't have democracy and a fanatical regime will emerge, but man it is tough to get worse than Assad. Brutal and evil MF'er.

yeah saddam was a bastard but he kept some semblance of order in a F'd up place and was no direct threat to the US..

genocide happens in Africa all the time but we turn a blind eye there..

[h=1]Only swift action can avert South Sudan genocide, says UN human rights chief | Global development | The Guardian[/h]Ben Quinn
Wednesday 14 December 2016 06.37 EST

5760.jpg
Women walk past a UN peacekeeper outside the protection of civilian camp in Bentiu. The UN human rights council has been urged to deploy a 4,000-strong protection force in South Sudan. Photograph: Kate Holt/UnicefGlobal development is supported byBill and Melinda Gates Foundation
About this content

Conditions in South Sudan were repeatedly likened to those in Rwanda on the eve of genocide at a special session of the UN human rights council held on Wednesday, with a top official warning that escalating ethnic violence has left the country teetering on the brink of disaster.
On the third anniversary of the civil war in the world’s youngest country, members states heard that, while it was not too late to prevent a genocide, swift action was required including targeted sanctions and the deployment of a 4,000-strong protection force to separate the warring parties.
Amid warnings of an “all-out ethnic civil war”, the meeting in Geneva was advised that violence in South Sudan could destabilise the wider east Africa region.
“With the beginning of the dry season South Sudan teeters on the brink of a disaster,” said Zeid Ra’ad al-Hussein, the UN high commissioner for human rights.

“Weather conditions mean armed groups, militias and bandits can roam more swiftly across the landscape and there is a high potential for clashes between the government and fighters on multiple fronts.”
Tens of thousands have been killed in fighting in South Sudan, and more than a million people have fled the country.
Zeid said that threats of violence decreased when local leaders intervened recently to halt hate speech, suggesting “there may still be some space for consequential action to pull the country back from a worst-case scenario”.
He called on the African Union to act quickly in setting up a court “with a strong focus on command responsibility for atrocities”.
The scale of sexual violence perpetrated by all sides in the conflict already matches that of the war in Bosnia, said Yasmin Sooka, chair of the UN commission on human rights in South Sudan.
Sooka described what she had found on the ground in South Sudan during a recent visit. “In a meeting with displaced women we were challenged [about] why we had wasted money on plane tickets when the international community looks on and does nothing. The rest of the crowd applauded.”

Kuol Alor Kuol Arop, South Sudan’s permanent representative to the UN in Geneva, said there was no justification for the special sessions.
“From the outset, and without going into the substance of the glaring allegations, I would like to reiterate and affirm that my country, as a responsible member of the international community, is ready and keen to cooperate with the UN and its various institutions,” he said.
South Sudan’s position was supported by Venezuela, whose representative said the allegations were based on unreliable information and assumptions. The motives of some at the council were fuelled by a “neoliberal appetite”, he said.
In a televised address, Adama Dieng, the UN special adviser on the prevention of genocide, said states urgently needed to impose an arms embargo, stressing that it would have an important impact. “I see no valid reasons to delay,” said Dieng.
Dieng also suggested that members of the South Sudanese diaspora had contributed to the hate speech and violence.

“Genocide is a process, it does not happen overnight, and because it is a process that takes time to prepare it can be prevented,” he said. “There are steps that can be taken now without delay.”
Violence erupted in South Sudan in December 2013 when President Salva Kiir accused his vice-president, Riek Machar, of plotting a coup. The country gained independence from Sudan in 2011 following one of Africa’s longest running conflicts.
Reuters reported this week that Machar, who fled to the Democratic Republic of the Congo in August, is being detained in South Africa. Foreign ministry spokesman Clayson Monyela said he was a guest of Pretoria as South Africa tried to prevent the civil war sliding into genocide.
Dickson Gatluak, a spokesman for Machar in Ethiopia, denied there were any restrictions on the former vice-president.

The special session of the UN human rights council was requested by 40 states, led by the US. The US representative expressed particular alarm at ethnic violence in South Sudan’s southern Equatoria region, a relative haven from violence until recently.
“We condemn the government’s crackdown on all forms of dissent, including against journalists and human rights defenders,” he said.
The Norwegian Refugee Council said earlier on Wednesday that a second staff member in South Sudan had been expelled, four days after the organisation’s country director was ordered to leave. An AP reporter was deported from the country last week.
In July, following a surge in violence in Juba, the South Sudanese capital, a 4,000-strong regional protection force was authorised to deploy as part of the UN Mission in South Sudan to protect civilians. However, the South Sudanese government only agreed to accept the deployment of the foreign troops on its territory last month.
 

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Will rate hike move markets much? It was mostly priced in according to CME futures.

Hopefully Trump bitches about that convenient timing.

Yeah it's more about what they say as far as expectations of future.. think all this will eventually reverse and back to ZIRP.. just working themselves some wiggle room before this bubble bursts..

also we will begin to see consumer response to rates rising in places such as housing etc.. how drastic a slowdown
 

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[h=1]Mortgage applications fall 4 percent as refinancings hit by postelection rates[/h]Diana Olick | @DianaOlick
2 Hours AgoCNBC.com

Rising mortgage rates appear to be the new normal, and the market for home loans is still adjusting.
Total mortgage application volume fell 4 percent on a seasonally adjusted basis last week from the previous week, according to the Mortgage Bankers Association. While rates didn't rise much during the week, the new range is clearly pricing out some buyers and more refinancers.


104164237-GettyImages-175053878.530x298.jpg
Justin Sullivan | Getty Images
Real estate agent hands out information on a home for sale during an open house in San Francisco, California.

Applications to refinance a home loan fell 4 percent, seasonally adjusted, and average refinance loan sizes declined. Given how low mortgage rates have been for so long, today's refinancers are highly rate-sensitive; even the slightest move higher in rates keeps more borrowers from being able to benefit from a refinance. Refinance applications are 12 percent lower than the same week one year ago.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to its highest level since October 2014, 4.28 percent, from 4.27 percent, with points decreasing to 0.36 from 0.37 (including the origination fee) for 80 percent loan-to-value ratio loans. The average rate for larger, jumbo loans, rose even higher.

"While jumbo 30-year fixed rates have been a bit slower to increase compared to overall fixed rate mortgage rates in recent weeks, they increased 7 basis points last week to an average of 4.29 percent. At the same time, the average five-year ARM rate declined by 11 basis points to 3.28 percent, which may provide an alternative outlet for jumbo borrowers," said Lynn Fisher, MBA vice president of research and economics.


Mortgage applications to purchase a home, which are less rate-sensitive, still lost ground, falling 3 percent for the week. Purchase applications are now just 2 percent higher than the same week one year ago. Some argue that higher rates are taking their toll, but it is likely that higher home prices and short supply are weighing on homebuyers more than interest rates. There is also the fear that rates will move higher. The Federal Reserve is widely expected to raise its benchmark interest rate on Wednesday. While mortgage rates do not follow the Fed exactly, they are guided by Fed policy.

"Mortgage rates will more readily respond to shifts in the outlook, and [Wednesday's Fed] meeting can inform that outlook via the Fed's economic projections as well as [Fed Chair Janet] Yellen's press conference," said Matthew Graham, chief operating officer of Mortgage News Daily.
 

the bear is back biatches!! printing cancel....
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What a humanitarian crisis. People on twitter tweeting out their last words, pretty sad.

Not sure what the US could really do though. I tend to have the default opinion that these places can't have democracy and a fanatical regime will emerge, but man it is tough to get worse than Assad. Brutal and evil MF'er.

Iraq war was clearly the worst foreign policy mistake our country has ever made.. that's what happens when you get emotional and don't have world's support behind the decision..

it literally threw bombs in the middle of a very complex situation.. and created all sorts of anti Americanism as you can expect when invading a sovereign nation..

we are still feeling those ripple effects today.. the humanitarian crisis/influx of immigrants to Europe is directly related to instability we created by invading Iraq..
 

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