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Very Hot Topic (More than 25 Replies) - are we coming out of the 2008 to 2017 economic depression? (Read 4,368 times)
Fiddler
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #30 - Oct 6th, 2017 at 10:03pm
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Mojo-Jojo wrote on Jul 12th, 2017 at 4:39pm:
Um, the recession officially ended in June of '09.

Fake News


Good God man..  Be careful.  Facts trigger these people. 

You could have been killed.

  

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Harrys Sockpuppet4335
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #31 - Oct 6th, 2017 at 10:06pm
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Fiddler wrote on Oct 6th, 2017 at 10:03pm:
Good God man..  Be careful.  Facts trigger these people. 

You could have been killed.



They do, especially when you consider that no Obama policy was in place at the time the recession ended. If you go further into the ether, you'll discover that the recovery slowed to a crawl once the Obama policies did go into effect.

Facts do matter.
  

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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #32 - Oct 19th, 2017 at 5:16pm
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Trump Tax Plan To Benefit "Top 1%" Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes

by Tyler Durden                 Sep 29, 2017


http://www.zerohedge.com/news/2017-09-29/new-trump-tax-analysis-shows-most-benef...
  
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #33 - Oct 19th, 2017 at 6:29pm
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katsung47 wrote on Oct 19th, 2017 at 5:16pm:
Trump Tax Plan To Benefit "Top 1%" Most, Cost $2.4 Trillion, Middle Class To Pay More Taxes

by Tyler Durden                 Sep 29, 2017


http://www.zerohedge.com/news/2017-09-29/new-trump-tax-analysis-shows-most-benef...


The lack of detail in the plan makes this sort of prediction impossible to make, and, therefore, not reliable.
  
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katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #34 - Oct 31st, 2017 at 7:57pm
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Peter Schiff Warns Of "Calm Before The Storm"

by Tyler Durden
Oct 20, 2017



http://www.zerohedge.com/sites/default/files
/images/user3303/imageroot/2017/10/17/20171020_schiff1.jpg
But interest rates are now at just 1.25%. If the stock market were again to drop in such a manner, the Fed has far less fire power to bring to bear. It could cut rates to zero and then re-launch another round of QE bond buying to flood the financial sector with liquidity. But that may not be nearly as effective as it was in 2008. Given that the big problem at that point was bad mortgage debt, the QE program’s purchase of mortgage bonds was a fairly effective solution (although we believe a misguided one). But propping up overvalued stocks, many of which have nothing to do with the financial sector, is a far more difficult challenge. The Fed may have to buy stocks on the open market, a tactic that has been used by the Bank of Japan.

It should be clear to anyone that since the 1990s the Fed has inflated three stock market bubbles. As each of the prior two popped, the Fed inflated larger ones to mitigate the damage. The tendency to cushion the downside and to then provide enough extra liquidity to send stock prices back to new highs seems to have emboldened investors to downplay the risks and focus on the potential gains. This has been particularly true given that the Fed’s low interest rate policies have caused traditionally conservative bond investors to seek higher returns in stocks. Without the Fed’s safety net, many of these investors perhaps would not be willing to walk this high wire.

But investors may be over-estimating the Fed's ability to blow up another bubble if the current one pops. Since this one is so large, the amount of stimulus required to inflate a larger one may produce the monetary equivalent of an overdose. It may be impossible to revive the markets without killing the dollar in the process. The currency crisis the Fed might unleash might prove more destructive to the economy than the repeat financial crisis it's hoping to avoid.

http://www.zerohedge.com/news/2017-10-20/peter-schiff-warns-calm-storm
  
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #35 - Oct 31st, 2017 at 8:52pm
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admin wrote on Jul 12th, 2017 at 3:11pm:
- are we coming out of the 2008 to 2017 economic depression?
- one of the worst GDP years (10 years) in history

What is this depression that gets brought up now and then? Were people depressed because their was a black president? I was a little down about it Wink, but never depressed.
  

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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #36 - Nov 13th, 2017 at 6:14pm
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It’s Over for Sears Canada
by Wolf Richter • Oct 10, 2017 •

Liquidation too for Toys “R” Us? The company filed for bankruptcy in the US and Canada to restructure, but it can’t solve what’s killing it.

https://wolfstreet.com/2017/10/10/sears-canada-to-liquidate-close-all-stores-lay...
  
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #37 - Nov 27th, 2017 at 6:12pm
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How sky-high housing costs make California the poorest state

By CALMATTERS | CALmatters.org
PUBLISHED: September 27, 2017

When the cost of living is factored in, the Golden State has the highest poverty rate in the country. More than 20 percent of its residents struggle to make ends meet, according to recently released Census figures.That’s nearly 8 million people.

In the less sophisticated “official” measure, a family of four in San Francisco or Los Angeles or San Diego faces exactly the same poverty threshold—$24,339 annually—as a family in rural Mississippi. That’s despite the fact that you can rent a three-bedroom, two-bathroom 1,200-square-foot house in Horn Lake, Mississippi, for the same price ($850 a month) as half a living room in the Bay Area.

http://www.dailybreeze.com/2017/09/27/how-sky-high-housing-costs-make-california...
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #38 - Dec 10th, 2017 at 8:16pm
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CBO: the Senate Republican tax bill takes billions from the poor
Updated by Dylan Matthews       Nov 27, 2017,

From the perspective of rich people benefiting from slashing the corporate tax rate, the bill the Senate is currently considering — and could vote on this week — is a tax cut bill. But from the perspective of America’s poor, the bill looks more like a health care cut.


https://www.vox.com/policy-and-politics/2017/11/27/16704664/senate-republican-ta...

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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #39 - Dec 23rd, 2017 at 8:02pm
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Gold Will Soar... As China Kneecaps The Dollar

by Tyler Durden         Dec 13, 2017

Chris Lowe: To catch up real quick, why is the petrodollar at risk?

Nick Giambruno: Under the current petrodollar system, all global oil sales are made in dollars. However, the Chinese government recently announced a new mechanism that will allow oil producers anywhere in the world to trade oil for gold.

China’s new mechanism will totally bypass the US dollar and the US financial system… along with any restrictions, regulations, or sanctions from Washington. So for many oil producers, it will be much more attractive than the petrodollar system.

I call it China’s “golden alternative” to the petrodollar. Whatever you call it, though, it will allow for the large-scale trade of oil for gold, instead of dollars.

Here’s how it will work. The Shanghai International Energy Exchange is launching a crude-oil futures contract denominated in yuan, China’s currency. This will allow oil producers around the world to sell their oil for yuan.

Of course, the yuan is a fiat currency, just like the dollar. And most oil producers don’t want large stashes of yuan. The Chinese government knows this. That’s why it’s linked the crude-oil futures contract with the option to efficiently convert yuan into physical gold through gold exchanges in Shanghai and Hong Kong.

Chris Lowe: How soon will this new system be up and running?

Nick Giambruno: I spoke with officials at the Shanghai International Energy Exchange. They told me they plan to go live with it before the end of the year, or shortly thereafter.

Chris Lowe: But isn’t that a good thing? Isn’t gold, as a currency, more reliable than the dollar?

Nick Giambruno: I think it’s high time gold played a more central role in the global monetary system. The problem is ditching the petrodollar would negatively affect the US economy.

Think about it. If Italy wants to buy oil from Kuwait… or Argentina wants to buy oil from Brazil… they have to buy dollars on the foreign exchange market first.

This creates a huge artificial market for dollars.

It means the US can simply print dollars and exchange them for real things like French wine, Italian cars, Korean electronics, or Chinese manufactured goods.

It also helps create a deeper, more liquid market for US Treasury bonds. This pushes up prices… and pushes down yields… which allows the US federal government to finance enormous and permanent deficits.

The petrodollar has allowed Washington to spend astronomical amounts of money on welfare and other benefits for over half the population. This gives Americans a much higher standard of living than they would have otherwise. Most of them don’t know this or understand how it affects their everyday lives.



http://www.zerohedge.com/news/2017-12-13/gold-will-soar-china-kneecaps-dollar
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