December 31, 2018

Monday Off-Topic (Moderated) Open Thread (123118)

Filed under: Lucid Links — Tom @ 6:00 am

This open thread is meant for commenters to post on items which they believe need to be known. Rules are here.

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2 Comments

  1. Democrats 2020 campaign plan, same as 2008:

    January 1, 2019
    The Great Depression of 2019?

    https://www.americanthinker.com/articles/2019/01/the_great_depression_of_2019.html#ixzz5bMKkma00

    While checking the DOW and S&P Index I noticed the sharp drop off in October 2018 in stock value due to the Federal Reserve’s increases in interest rates. It seems my prediction at the beginning of Trump’s presidency is becoming true. Liberals in the Fed and other institutions are colluding to crash the economy as they did in 2008 to influence the election. While the market drop off in October 2018 was not hyped by the MSM, it certainly was noted by the investing public and may have had some effect on the 2018 election cycle.

    Watch for the “concern trolling” tactic by Schumer and others as they did with IndyBank when they deliberately caused the bank run on that institution and then cascaded to other banks. Economic chaos is their tactic to usurp power through fear, disinformation and gullibility.

    The Democrat Party has become nothing more than a gang of self serving criminals who have hijacked it. This would normally be called Enterprise Corruption if it were not for the cult of personality of those involved.

    On a side note, the 1000+ point rebound in the DOW should be considered the dead cat bounce marking a temporary bottom before the actual bottom of the stock market. The actual bottom should be achieved around February or March as fundamentals continue to prove to all concerned that a recession is NOT in the offing. The rest of the world might be going into recession but remember, the US economy is still the engine that drives the world’s economy. We create wealth via Capitalism (a wealth creating economic system), the rest of the world consumes wealth via Socialism (a consumption based economic system.) Consumption may be 70% of the US GDP, but it is the 30% that supports it.

    The securities market pricing is an indicator of expected future activity NOT an gauge of it. This is a manufactured financial securities downturn created by liberals in their Trumphate to discredit the idea that a business person can do a better job than a professional politician. IF the SEC were actually doing it’s JOB, they would be charging certain people with engaging in securities fraud. The old saying applies when it comes to artificial movements of the financial markets: If it walks like a duck, quacks like a duck and looks like a duck…IT’S A DUCK. Politicians ARE NOT EXEMPT from the law, they are not charged due to the arbitrary and capricious practice of prosecutorial discretion when it comes to people in power vs the rest of us little people.

    Comment by dscott — January 1, 2019 @ 8:52 am

  2. All great points.

    Comment by Tom — January 4, 2019 @ 11:58 pm

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