dow jones

V

vantexan

Well-Known Member
Next Day Err said:
I think the bottom of the markets was March 2009 if my memory serves. That was a 54% fall from the highs in October 2007.

You believe that it should’ve dropped farther than 54%?

70%? 80%? 95% drop from the highs? What do you believe would’ve happened to unemployment in the U.S. had a 90% stock market drop occurred?
Click to expand...
In 2000-2002 the NASDAQ index dropped over 90%. A lot of the "Dot.com" companies failed and rightfully so as most of them were created solely to take advantage of rising stock prices. Look it up, recessions are a necessary evil of capitalism. Artificially staving them off will only make matters worse.
 
Next Day Err

Next Day Err

Banned
vantexan said:
In 2000-2002 the NASDAQ index dropped over 90%. A lot of the "Dot.com" companies failed and rightfully so as most of them were created solely to take advantage of rising stock prices. Look it up, recessions are a necessary evil of capitalism. Artificially staving them off will only make matters worse.
Click to expand...
Of course. We have a boom-bust cycle built into our financial system. There’s no getting away from it.

Look at inflation in the years after 2007. It was a real chore for the Fed to get us to 2% inflation and full employment. Fiscal policy was strangled. You might be able to guess who strangled it if you’re honest.

It took 16 full years for median incomes to recover. The Fed was doing the heavy lifting trying to spur the economy on the monetary policy side. Congress was too busy playing politics to really work together on the fiscal policy side. Same old story.
 
V

vantexan

Well-Known Member
Next Day Err said:
Of course. We have a boom-bust cycle built into our financial system. There’s no getting away from it.

Look at inflation in the years after 2007. It was a real chore for the Fed to get us to 2% inflation and full employment. Fiscal policy was strangled. You might be able to guess who strangled it if you’re honest.

It took 16 full years for median incomes to recover. The Fed was doing the heavy lifting trying to spur the economy on the monetary policy side. Congress was too busy playing politics to really work together on the fiscal policy side. Same old story.
Click to expand...
There's plenty of blame to go around. What concerns me is the constant attacking on what is being attempted right now. Nothing like this has ever been attempted in my lifetime and it's sorely needed. Recessions might clear the dead wood from the private sector but to clean up a bloated government that spends way too much and often in the most irresponsible if not downright fraudulent ways requires fortitude that no one before has demonstrated. No entity on Earth has more money flowing through it than the U.S. government and the system to handle it has been developed to benefit special interests with their politicians getting rich by enabling it. We aren't going to see that system go away without a fight. And I worry that Trump and Musk may literally be in physical danger.
 
newfie

newfie

Well-Known Member
Next Day Err said:
It took 16 full years for median incomes to recover. The Fed was doing the heavy lifting trying to spur the economy on the monetary policy side. Congress was too busy playing politics to really work together on the fiscal policy side. Same old story.
Click to expand...
71000 in 2007 , back to that level in 2016. peaked at 81000 under trump.
 
Over70irregs

Over70irregs

Well-Known Member
The new portfolio
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