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Liberty News ForumLNF Forums HereEconomics, Financial News › Remember when people were screaming about that stock market meltdown a few months ago
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Very Hot Topic (More than 25 Replies) Remember when people were screaming about that stock market meltdown a few months ago (Read 9,222 times)
Phillip 2.0
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Remember when people were screaming about that stock market meltdown a few months ago
Mar 17th, 2016 at 4:36pm
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Good times.  Grin Grin Grin
  
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #1 - Mar 17th, 2016 at 4:38pm
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Has the Trump surge in the economy begun?????

Greg Grin
  

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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #2 - Mar 17th, 2016 at 4:40pm
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Yeah, I do.

And I don't doubt that 2016 will see more of the same and even worse.
  

"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." J M Keynes

"In the first place, the dichotomy between "theoretical" and "practical" is a false one. In economics, all arguments are theoretical. And, since economics discusses the real world, these theoretical arguments are by their nature "practical" ones as well." M Rothbard
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #3 - Mar 17th, 2016 at 4:41pm
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TowardLiberty wrote on Mar 17th, 2016 at 4:40pm:
Yeah, I do.

And I don't doubt that 2016 will see more of the same and even worse.


Screaming about it?  Or it actually happening.
  

non sumus stulti
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #4 - Mar 17th, 2016 at 4:43pm
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TowardLiberty wrote on Mar 17th, 2016 at 4:40pm:
Yeah, I do.

And I don't doubt that 2016 will see more of the same and even worse.

I agree and those who are commenting as if everything is just fine despite our 17 trillion in debt and artificially under-inflated interest rates have no idea what they are talking about.  It's just a matter of time, when is anybodys guess.
  


"Without morals a republic cannot subsist any length of time; they therefore who are decrying the Christian religion, whose morality is so sublime and pure (and) which insures to the good eternal happiness, are undermining the solid foundation of morals, the best security for the duration of free governments."

Charles Carroll, signer of the DOI
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #5 - Mar 17th, 2016 at 4:45pm
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Seawolf wrote on Mar 17th, 2016 at 4:43pm:
I agree and those who are commenting as if everything is just fine despite our 17 trillion in debt and artificially under-inflated interest rates have no idea what they are talking about.  It's just a matter of time, when is anybodys guess.


So what's your guess?

Me, I'm all right Jack...

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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #6 - Mar 17th, 2016 at 4:49pm
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Seawolf wrote on Mar 17th, 2016 at 4:43pm:
I agree and those who are commenting as if everything is just fine despite our 17 trillion in debt and artificially under-inflated interest rates have no idea what they are talking about.  It's just a matter of time, when is anybodys guess.


Well, now, I am not going to sneeze at anything measured in trillions.  That's a big number.  But when a business looks at a balance sheet, it doesn't only look at its liabilities.  It looks at its assets, too.  The national assets probably do not run to $17 trillion, but surely the value of all the property (land, buildings aircraft carriers, airplanes, you name it) is not an insignificant figure. 

Plus, the real measure of a nation's debt is how it relates to GDP.  Ours is above 100%, but it's not the first time.  The first time was at the end of WWII.  And that percentage was worked down during some pretty good years, years during which the top marginal tax rate was a lot higher than it is now.  Now, some would argue economic growth, which did occur, would have been greater with lower tax rates. And that might be true.  But the percent of national debt to GDP would not have dropped nearly as much, if at all. 

This debt is manageable.  How do I know?  Because we've managed it before.  But tax cuts ain't the answer to managing it.
  

non sumus stulti
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #7 - Mar 17th, 2016 at 4:49pm
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Debt – The U.S. government’s debt owed to the public has more than doubled. It is now more than $13.6 trillion, an increase of 116 percent since Obama first took office.

Total debt, counting money the government owes to itself, currently stands at nearly $18.9 trillion, up nearly 78 percent under Obama. Tongue
  


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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #8 - Mar 17th, 2016 at 4:52pm
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out of here for good wrote on Mar 17th, 2016 at 4:49pm:
Debt – The U.S. government’s debt owed to the public has more than doubled. It is now more than $13.6 trillion, an increase of 116 percent since Obama first took office.

Total debt, counting money the government owes to itself, currently stands at nearly $18.9 trillion, up nearly 78 percent under Obama. Tongue


and it nearly tripled under St. Ronald.  Lips Sealed
  

non sumus stulti
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #9 - Mar 17th, 2016 at 4:54pm
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EF wrote on Mar 17th, 2016 at 4:41pm:
Screaming about it?  Or it actually happening.

Both.

I remember it happening and us discussing it.

I also remember making a prediction that it would happen in Oct of 2015- I was off by about 2 months.
  

"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." J M Keynes

"In the first place, the dichotomy between "theoretical" and "practical" is a false one. In economics, all arguments are theoretical. And, since economics discusses the real world, these theoretical arguments are by their nature "practical" ones as well." M Rothbard
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