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      12-13-2017, 11:49 PM   #23
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Quote:
Originally Posted by ASAP View Post
no, just have a decent amount of cash on standby
Timing the market rarely, if ever, works out for people from a stock perspective.
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      12-14-2017, 08:53 AM   #24
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Everyone here seems to be apparently returning to stocks when referring to the economy... having cash in a downturn is very beneficial as typically everything goes down in price. Perhaps housing, but definitely cars (if you want something for way less than typical)... those are examples but these situations will exist all around in a downturn... In 2008, this abounded.
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      12-14-2017, 09:25 AM   #25
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Ah, fair point. Still, risk of recession is fairly low next year. Small rate hikes won't derail things.
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      12-14-2017, 11:43 AM   #26
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Quote:
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no, just have a decent amount of ammo on standby
FTFY
#stockpilingammo
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      12-14-2017, 12:19 PM   #27
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no, just have a decent amount of jerky on standby
#jerkystockswillboom
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      12-14-2017, 12:41 PM   #28
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Don't have the cash, do have the ammo
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      12-18-2017, 02:31 PM   #29
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#jerkystockswillboom
I just put a batch of jerky in my dehydrator this morning!
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      12-19-2017, 10:37 AM   #30
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Quote:
Originally Posted by bbbbmw View Post
I'd have to see specifics. "Regulation" led to the Community Reinvestment Act, which basically crashed the housing market. Dodd-Frank was basically a useless paper chase (consider both Dodd and Frank...). Obama loosened lending before he left:

https://www.google.com/amp/s/nypost....ing-crash/amp/

Hopefully Trump will apply some sense to this...
This is false. The CRA was around for over 30 years - this was a lack of regulation and oversight that brought this one

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Economist Stan Liebowitz wrote in the New York Post that a strengthening of the CRA in the 1990s encouraged a loosening of lending standards throughout the banking industry. He charged the Federal Reserve with ignoring the negative impact of the CRA.[98] According to Manhattan Institute scholar Howard Husock, the CEO of a midsize bank reported that 20% of his institution's CRA-related mortgages were delinquent in their first year and probably 7% would end in foreclosure.[104] In a commentary for CNN, Congressman Ron Paul, who serves on the United States House Committee on Financial Services, charged the CRA with "forcing banks to lend to people who normally would be rejected as bad credit risks."[105] In a Wall Street Journal opinion piece, economist Russell Roberts wrote that the CRA subsidized low-income housing by pressuring banks to serve poor borrowers and poor regions of the country.[106]

Other economists have examined the issue and concluded that the CRA did not contribute to the financial crisis, notably New York Times columnist and Nobel laureate Paul Krugman,[107] Tim Westrich of the Center for American Progress,[108] Robert Gordon of the American Prospect,[109] Ellen Seidman of the New America Foundation,[110] Daniel Gross of Slate,[111] and Aaron Pressman from BusinessWeek.[112] Law professor Michael S. Barr, a Treasury Department official under President Clinton,[58][113] stated that approximately 50% of subprime loans were made by independent mortgage companies that were not regulated by the CRA, and another 25% to 30% came from only partially CRA regulated bank subsidiaries and affiliates. Barr noted that institutions fully regulated by CRA made "perhaps one in four" sub-prime loans, and that "the worst and most widespread abuses occurred in the institutions with the least federal oversight".[114]
FAIL.
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      12-19-2017, 11:23 AM   #31
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Trump and sense should never be used in the same sentence
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      12-19-2017, 12:51 PM   #32
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I get the sense that you don't like trump?
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      12-19-2017, 12:59 PM   #33
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I get the sense that you don't like trump?
Trump would say that doesn't make any sense.
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      12-19-2017, 01:49 PM   #34
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Quote:
Originally Posted by other_evolved View Post
If the fed gets 3 rate hikes next year, you think that .75-1% aggregate in hikes will derail the market? Really? lol

The fed raises rates to keep the market from overheating, broadly speaking. We'll likely have a correction next year as we haven't had one in nearly two years, but a recession in the traditional sense? Nah. Not until 2H 2019 or later unless something catastrophic happens like north korea actually launching something at us, or tax reform falling on its ass.




....this, by itself, means nothing. Bankruptcies and mortgage deliquincies at near 20 year lows, and debt-to-equity ratios vastly different versus 2007/2008.
You and your knowledge don't belong here - these guys want an internets fight.
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      12-19-2017, 01:55 PM   #35
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A lot of people haven't been playing the past 8-10 years, so money is now pouring in. Just my opinion, but it'll be another 7-10 years before we see a big correction. Might be some momentary low spots in-between though.
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