Dow plunges 665 points as stocks post worst week in 2 years

[Joe Capitalist]

Yes, low interest rates fueled the early 2000's housing bubble and have done so again today. I buy property that I fix up and manage. I don't buy reit's but yes reit's have struggled here recently

I hope you're not being serious here.
Low interest rates didn't fuel the early 2000 housing bubble.

This did:

Expanding Home Ownership
"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."

- President George W. Bush, December 16, 2003
The Accomplishments
Increasing Homeownership
The US homeownership rate reached a record 69.2 percent in the second quarter of 2004. The number of homeowners in the United States reached 73.4 million, the most ever. And for the first time, the majority of minority Americans own their own homes.
The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.
President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.
The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.
President Bush proposed a new Single Family Affordable Housing Tax Credit to increase the supply of affordable homes.
The President has proposed to more than double funding for the Self-Help Homeownership Opportunity Program (SHOP), where government and non-profit organizations work closely together to increase homeownership opportunities.
The President proposed $2.7 billion in USDA home loan guarantees to support rural homeownership and $1.1 billion in direct loans for low-income borrowers unable to secure a mortgage through a conventional lender. These loans are expected to provide 42,800 homeownership opportunities to rural families across America.

 

[cawacko]

Sorry but low interest rates didn't fuel the early 2000 housing bubble.

This did:

Expanding Home Ownership
"This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."

- President George W. Bush, December 16, 2003
The Accomplishments
Increasing Homeownership
The US homeownership rate reached a record 69.2 percent in the second quarter of 2004. The number of homeowners in the United States reached 73.4 million, the most ever. And for the first time, the majority of minority Americans own their own homes.
The President set a goal to increase the number of minority homeowners by 5.5 million families by the end of the decade. Through his homeownership challenge, the President called on the private sector to help in this effort. More than two dozen companies and organizations have made commitments to increase minority homeownership - including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade.
President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.
The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.
President Bush proposed a new Single Family Affordable Housing Tax Credit to increase the supply of affordable homes.
The President has proposed to more than double funding for the Self-Help Homeownership Opportunity Program (SHOP), where government and non-profit organizations work closely together to increase homeownership opportunities.
The President proposed $2.7 billion in USDA home loan guarantees to support rural homeownership and $1.1 billion in direct loans for low-income borrowers unable to secure a mortgage through a conventional lender. These loans are expected to provide 42,800 homeownership opportunities to rural families across America.

I see someone is trolling this morning. Have a good day sir

 

[Joe Capitalist]

I see someone is trolling this morning. Have a good day sir

I see somebody got humiliated. Run away now.

 

[evince]

Yes, low interest rates fueled the early 2000's housing bubble and have done so again today. I buy property that I fix up and manage. I don't buy reit's but yes reit's have struggled here recently

how do you treat your renters?

 

[Cancel 2020.1]

Trump needs to reverse EPA restrictions enacted under Clinton and Obama in order to ensure a steadily growing economy.

This is one of the quietest things about Trump's 1st year - as evidenced by the fact that you weren't aware of it.

He has done exactly that. This admin has been a catastrophe for reasonable environmental protections.

 

[evince]

They will be REVERSED

 

[Cancel 2018.1]

Will Trump take credit?

https://www.msn.com/en-us/money/mar...t-worst-week-in-2-years/ar-BBIBtvE?li=BBnb7Kz

I bought additional shares in the twenty stocks in my portfolio that dropped the most just before closing. Not often I get an opportunity like this.

 

[J Craft]

What exactly did Obama do to improve the economy? Other than for big banks and stimulus bailouts.

Most jobs added under Obama’s reign of incompetence were low wage, part time. Remember how many employers cut hours to avoid Obama’scare penalties?

 

[Sailor]

That's just speculation. I'd like to know where you got that quote. Whenever the market has a large gain or fall, financial gurus try to make sense of it but it's all guesswork. I've also read that the market fell because of the cryptocurrency bubble bursting and investors wanting to take profits.
One could say that a stronger-than-expected jobs report should be positive for the market and higher interest rates would target investors away from bonds and towards stocks.

I guess you're not smart enough to process financial data and make sense of it. I suspect you're not a very successful investor.
Well, you know what they say: "A fool and his money are soon parted". BWWWWAHAHAHAHAHAHAHAAAAA!!!!

You poor broke fuck. You will never know what real money is. Folks like you just live on scraps.

 

[Joe Capitalist]

You poor broke fuck. You will never know what real money is. Folks like you just live on scraps.

Scraps? You call a seven figure net worth scraps? I know enough about money to turn a middle class salary into a seven figure 401k retirement nest egg (with a little help from President Obama). I paid off my 700k home and am debt free.
But you believe whatever you want, true or not. Whatever helps you sleep at night in your little trailer home Gomer, you poor broke fuck. BWAHAHAHAHAHAA!!!!

 

[Sailor]

Scraps? You call a seven figure net worth scraps? I know enough about money to turn a middle class salary into a seven figure 401k retirement nest egg (with a little help from President Obama). I paid off my 700k home and am debt free.
But you believe whatever you want, true or not. Whatever helps you sleep at night in your little trailer home Gomer, you poor broke fuck. BWAHAHAHAHAHAA!!!!

Yes I do. You broke fuck. You can stop trying to grandstand here, you have done poorly in life obviously.

 

[PostmodernProphet]

gosh...where did you dig up that false chart?.....it completely ignores the fact that most of the jobs Obama "added" were jobs that went away after he took office......I figure, if you are going to make a chart that claims to use DoL numbers, you at least ought to use DoL numbers......

 

[PostmodernProphet]

Scraps? You call a seven figure net worth scraps? I know enough about money to turn a middle class salary into a seven figure 401k retirement nest egg (with a little help from President Obama). I paid off my 700k home and am debt free.
But you believe whatever you want, true or not. Whatever helps you sleep at night in your little trailer home Gomer, you poor broke fuck. BWAHAHAHAHAHAA!!!!

crumbs I've heard....if you have a seven figure net worth may I ask if the first two numbers are 0?......

 

[Joe Capitalist]

Yes I do. You broke fuck. You can stop trying to grandstand here, you have done poorly in life obviously.

Well, you believe whatever the fuck helps you sleep at night, Gomer. You've obviously been doing that for some time.
I believe doctors call it "delusional".

 

[cawacko]

Scraps? You call a seven figure net worth scraps? I know enough about money to turn a middle class salary into a seven figure 401k retirement nest egg (with a little help from President Obama). I paid off my 700k home and am debt free.
But you believe whatever you want, true or not. Whatever helps you sleep at night in your little trailer home Gomer, you poor broke fuck. BWAHAHAHAHAHAA!!!!

If true congrats to what you have accomplished. Impressive. Even more impressive considering you think crypto currencies are what caused the Dow to drop. Nor not understanding the good job report spooked the market because of inflation fears. Nor understanding the Fed's role in creating the housing bubble

 

[Joe Capitalist]

If true congrats to what you have accomplished. Impressive. Even more impressive considering you think crypto currencies are what caused the Dow to drop. Nor not understanding the good job report spooked the market because of inflation fears. Nor understanding the Fed's role in creating the housing bubble

If you think that's impressive, wait until you hear this one. This dude inherited his dad's successful real estate business, used his name and brand to swindle people, do shady real estate deals and stiff contractors. He was such an asshole, they made him a reality star. Like a fat, middle aged Honey-Boo-Boo. Then he told people he wanted to be president. He was just kidding but people believed him. So he decided to see HOW MUCH they would believe. And he was shocked how much the stupid the people would believe. But they were so stupid and believed so much, they made him freaking president.

Impressive, huh.

 

[Micawber]

Why did Trump tank the DOW?

 

[cawacko]

If you think that's impressive, wait until you hear this one. This dude inherited his dad's successful real estate business, used his name and brand to swindle people, do shady real estate deals and stiff contractors. He was such an asshole, they made him a reality star. Like a fat, middle aged Honey-Boo-Boo. Then he told people he wanted to be president. He was just kidding but people believed him. So he decided to see HOW MUCH they would believe. And he was shocked how much the stupid the people would believe. But they were so stupid and believed so much, they made him freaking president.

Impressive, huh.

Ok

 

[Sailor]

Well, you believe whatever the fuck helps you sleep at night, Gomer. You've obviously been doing that for some time.
I believe doctors call it "delusional".

Wow. Meltdown. Spoken like a broke fuck with a broke dick on top.

 

[Joe Capitalist]

Wow. Meltdown. Spoken like a broke fuck with a broke dick on top.

You sure do talk about dicks a lot. Not that there's anything wrong with it. Your alternate lifestyle is none of my business.