Stock Market At All Time High

[Meister]

Credit card debt was higher than it’d ever been in 2019 too. Is that a sign of economic weakness?

No that was a sign that the economy had stopped....remember? They shut it down.

 

[Marener]

No that was a sign that the economy had stopped....remember? They shut it down.

They shut the economy down in 2019?

 

[WEATHER53]

this from the guy that lied about the previous DJI high!

I will admit to my mistake on that one.
It was a technical error by me. The Market as a whole is not all time high but the Dow is.

 

[WEATHER53]

When?

It did not. It was an error on my part

 

[bigrebnc1775]

https://www.washingtonpost.com/business/2023/12/13/dow-jones-stock-market-record-high-economy-interest-rates/

It looks like all the pieces are coming together.

Jobs up
Wages up
Inflation down and the stock market booming

Yes. Bidenomics works and we are getting over the COVID crash

Simp the stock market is nothing to cheer about. It was high during the democrat get Trump shut down the states economy program.

 

[Meister]

They shut the economy down in 2019?

View attachment 873005

I imagine that it was high because of the low interest rates available. Not so now because of the inflation.

 

[Meister]

Has anyone considered what the mortgage rates are sportin' these days.
How about the cost of rent, and the price of housing?
How much are the feds paying in interest on the debt that we've accumulated over the last 16 years?

Thank you, Obama, Trump, and Biden, we just need to borrow and spend more.

 

[gipper]

I don't hate Biden at all. I just think he's way too old to be doing what he's doing. The wear and tear of his age is obvious. I actually felt bad for him when he ran, because I kind of got the impression he didn't want to, but was told by the Democrats that there's not another option. That old man needs to be left alone so he can spend his last few years with loved ones.

I just find it funny when you guys credit him with stuff when he's clearly barely able to keep it together anymore, let alone call the shots. He is little more than a public speaker.

I hate dumb Joe for what he’s done to Ukraine and Gaza. All Americans should.

 

[Marener]

I imagine that it was high because of the low interest rates available. Not so now because of the inflation.

Yeah, credit cards are definitely known for their low interest rates.

Good gravy. Any other fantasies you want to offer?

 

[Anomalism]

I hate dumb Joe for what he’s done to Ukraine and Gaza. All Americans should.

Again though, it comes down to how much you believe he is or isn't actually calling the shots. I kind of think Biden is just an old public speaker and that he is barely doing anything other than what he is being told. He's barely cognizant. Other people are calling the shots. There's no way that that's not the case.

 

[Meister]

Yeah, credit cards are definitely known for their low interest rates.

Good gravy. Any other fantasies you want to offer?

Well, you probably didn't have good credit, so you paid a premium for your CC's. Or, just lousy at choosing the right card.

Before the rate rose from inflation, C/C had attractive interest rates.

 

[gipper]

Again though, it comes down to how much you believe he is or isn't actually calling the shots. I kind of think Biden is just an old public speaker and that he is barely doing anything other than what he is being told. He's barely cognizant. Other people are calling the shots. There's no way that that's not the case.

Agreed. He’s just a yes man for the Deep State/ MIC. I suspect Trump and the rest of the R candidates and any potential D candidates, would do exactly as he’s done in Ukraine and Gaza.

Proving the potus really isn’t in charge no matter who is in the office. It’s just more evident with Joe, because he’s obviously a senile dumb bastard.

 

[Marener]

Well, you probably didn't have good credit, so you paid a premium for your CC's. Or, just lousy at choosing the right card.

Before the rate rose from inflation, C/C had attractive interest rates.

It's pretty characteristic of you to make assumptions about things you know nothing about.

Credit cards have always had very high rates compared to every other type of credit.

 

[Billiejeens]

Biden econmics works.

Ridiculous, of course.
It's economics, btw.

 

[citygator]

The economy, or the stock market? Two different animals.

I'd argue both. Economy is really strong and so is stock market. I wont act like it is all Biden's doing but people pretending this golden age of the economy is in ruins cuz their boyfriend Trump isnt in the WH are morons.

 

[Meister]

It's pretty characteristic of you to make assumptions about things you know nothing about.

Credit cards have always had very high rates compared to every other type of credit.

My C/C rate was at 4.5% before inflation. So please don't tell me that I don't know anything
about rates. But, my credit score is also around 825. So please don't insult me with what you obviously
know nothing about. The only thing that was cheaper than that rate was my vehicle financing at 0% for
48 months.

 

[citygator]

What a hilarious read of economic analysis by our local posters over the last few months.

Stock market is crashing thirty days!

Stock market will crash in 60 days...

...says best selling author Larry McDonald. "They're playing catch up, and while they were doing quantitative easing in 2021, inflation started to rage and now they're trying to catch up," The Bear Traps Report founder Larry McDonald said Wednesday on "Mornings with Maria." "Our 21 Lehman...

www.usmessageboard.com

Market is going to crash and WWIII is coming!

Markets Crash After Inflation Rate Comes in Hot, Core CPI Surges to 6.6% the Highest Rate Since 1982, Real Wages Declined for Record 18 Months

Maybe Joe will come out again & tell us how there is no inflation, recession or supply chain crises so his minions have something to comfort them. The economic numbers are atrocious & this is while they fudge the true numbers. It may look real bad now but it will get much worse as the EU...

www.usmessageboard.com

Total economic crash is coming!

Total Economic Collapse Coming Thanks To Biden: U.S. Labor Productivity Suffers Biggest Crash Ever Recorded, Labor Costs Soar

Destroying a nation’s productivity eventually destroys that nation. https://www.breitbart.com/economy/2022/08/09/u-s-labor-productivity-suffers-biggest-crash-ever-recorded/

www.usmessageboard.com

All you need to know about Biden is the stock market sucks!

All You Need to Know About Bidenomics in One Graph

Decades of prosperity and lives improving came to an end in 2021. Democrats have no one to blame except themselves. As the savings of Americans decline in value, inflation eats up the rest. https://www.wsj.com/market-data/quotes/index/DJIA

www.usmessageboard.com

OMG, Inside investors shorting the market!

‘The Big Short’ Investor Bets $1.6 Billion on Stock Market Crash

Michael Burry, The Big Short investor famous for making big bucks by predicting the collapse of the housing market in 2008, just made another huge and risky bet. According to Security Exchange Commission filings released Monday, Burry placed bearish bets against the S&P 500 and Nasdaq 100...

www.usmessageboard.com

Joe Biden Destroyed the Stock Market!

Joe Biden Destroyed the Stock Market

Joe Biden Destroyed the Stock Market https://pjmedia.com/news-and-politics/matt-margolis/2022/12/31/trump-was-right-joe-biden-destroyed-the-stock-market-n1657546 31 Dec 2022 ~~ By Matt Margolis You probably don’t need me or anyone else to tell you that 2022 was a brutal year for your stock...

www.usmessageboard.com

 

[Marener]

My C/C rate was at 4.5% before inflation. So please don't tell me that I don't know anything
about rates. But, my credit score is also around 825. So please don't insult me with what you obviously
know nothing about. The only thing that was cheaper than that rate was my vehicle financing at 0% for
48 months.

And how much credit card debt were you carrying at that time?

 

[WEATHER53]

My C/C rate was at 4.5% before inflation. So please don't tell me that I don't know anything
about rates. But, my credit score is also around 825. So please don't insult me with what you obviously
know nothing about. The only thing that was cheaper than that rate was my vehicle financing at 0% for
48 months.

My score is 816 and has been 770-820 for 15 years so I tell the CC potentials what I will pay. Having 3 is the way to go because if balance transfers at crazy low rates are needed then I have enough cards. In general over last 10 years the cards have averaged 7-8%.
When you are a weepy deadbeat then you get the 18-24%

 

[Ralph Norton]

Biden's second term