Market breaks 20,000

[El Kabong]

Let's have this discussion when interest rates go up a few percentage points. They will go up and along with Trumps neo liberalism the markets will uncoil and then let's see how it potters along. If nothing happens then I will hold my hands up and say I was wrong. How's that for fair? I have always said the debt mountain hinges on interest rates.

Same out here. Rates are low, but personal debt has gone up 11%. They have no idea how to manage it.

What do you expect to happen?

If interest rates do go up four or five points what does that mean has happened to economic growth?

EDIT: Tomorrow when I have the time I'll explain the debt mountain to you. Too much to deal with today.

You don't know shit

....and here come the charts and graphs

[vidgil]

Kirkland doesn't believe in a free market, and unfortunately more and more Americans are taking this stance.

[Kirkland Laing]

Kirkland doesn't believe in a free market, and unfortunately more and more Americans are taking this stance.

Trump is the one threatening to use the government to block free trade, the right of firms to employ anybody they want and so on. No free market in goods or labour under Trump. Do you understand what I'm saying? Did you think Trump was a free marketeer?

[El Kabong]

Kirkland doesn't believe in a free market, and unfortunately more and more Americans are taking this stance.

Trump is the one threatening to use the government to block free trade, the right of firms to employ anybody they want and so on. No free market in goods or labour under Trump. Do you understand what I'm saying? Did you think Trump was a free marketeer?

Do you mean illegal immigrants or non-union folk when you say that......because illegal immigrants are....well, ILLEGAL

[Kirkland Laing]

Kirkland doesn't believe in a free market, and unfortunately more and more Americans are taking this stance.

Trump is the one threatening to use the government to block free trade, the right of firms to employ anybody they want and so on. No free market in goods or labour under Trump. Do you understand what I'm saying? Did you think Trump was a free marketeer?

Do you mean illegal immigrants or non-union folk when you say that......because illegal immigrants are....well, ILLEGAL

No, I mean legal immigrants and people in foreign people living legally in foreign countries.

[El Kabong]

Kirkland doesn't believe in a free market, and unfortunately more and more Americans are taking this stance.

Trump is the one threatening to use the government to block free trade, the right of firms to employ anybody they want and so on. No free market in goods or labour under Trump. Do you understand what I'm saying? Did you think Trump was a free marketeer?

Do you mean illegal immigrants or non-union folk when you say that......because illegal immigrants are....well, ILLEGAL

No, I mean legal immigrants and people in foreign people living legally in foreign countries.

And you can point to legislation Donald Trump has enacted which has done this?

[Kirkland Laing]

Kirkland doesn't believe in a free market, and unfortunately more and more Americans are taking this stance.

Trump is the one threatening to use the government to block free trade, the right of firms to employ anybody they want and so on. No free market in goods or labour under Trump. Do you understand what I'm saying? Did you think Trump was a free marketeer?

Do you mean illegal immigrants or non-union folk when you say that......because illegal immigrants are....well, ILLEGAL

No, I mean legal immigrants and people in foreign people living legally in foreign countries.

And you can point to legislation Donald Trump has enacted which has done this?

A free market in labour would see no restrictions from the government. Firms could bring in any amount of labour from anywhere in the world in a free market. A free market in good and services would allow goods to be imported and exported from anywhere to anywhere with no tariffs, border adjustment taxes or any other taxes on those goods and services.

Trump is proposing a massive crackdown on both illegal and legal immigration. He's building a fucking wall to keep illegal immigrants out and there's currently a bill in congress to slash legal immigration and visas for foreign skilled workers. He's also proposed various gigantic tariffs, border adjustment taxes and so on and supposedly he's going to produce some protectionist legislation of some sort to restrict trade and send it to congress soon.

He's just trying to work out whether it's a weaker dollar or a stronger dollar that's good for the economy.


WASHINGTON – President Donald Trump was confused about the dollar: Was it a strong one that’s good for the economy? Or a weak one?

So he made a call ― except not to any of the business leaders Trump brought into his administration or even to an old friend from his days in real estate. Instead, he called his national security adviser, retired Lt. Gen. Mike Flynn, according to two sources familiar with Flynn’s accounts of the incident.

Flynn has a long record in counterintelligence but not in macroeconomics. And he told Trump he didn’t know, that it wasn’t his area of expertise, that, perhaps, Trump should ask an economist instead.

Trump was not thrilled with that response ― but that may have been a function of the time of day. Trump had placed the call at 3 a.m., according to one of Flynn’s retellings ― although neither the White House nor Flynn’s office responded to requests for confirmation about that detail.

Read on................

Leaks Suggest Trump's Own Team Is Alarmed By His Conduct | The Huffington Post

I explained this to you recently. Depending on whether that information is still on your little shelf or not Trump is thicker than you are.