Micawber (08-13-2020), Phantasmal (08-13-2020), PoliTalker (08-13-2020)
I've convinced my wife that now is not the time to buy. I agree the market is hot, I think it cools in November/December, my portfolio should have fully recovered, and we are downsizing with an eye entirely to location. I expect that late this year early next year we'll be able to make a steal on a home. We're probably in a unique situation, we'll almost certainly be paying cash, so I don't care about the interest rate.
Micawber (08-13-2020), Phantasmal (08-13-2020), PoliTalker (08-13-2020)
We had the worst economic recovery since the Great Recession. It wasn't a booming economy that drove the stock market. We are in a recession today and have a booming stock market. It's not economic fundamentals that are driving equities. On top of that QE and low interest rates punish savers and force people to find riskier investments for yield. That's just a fact. It pushes bubbles (just as it did in housing).
I'll admit I'm not smart enough to figure out why you are taking the position you are other than it's ideologically (politically partisan?) related.
Oh please. You think that worn out trope is anything but partisan? The recovery from 2008 was just fine.
So tell me, and be specific, how QE 'punishes savers' and forces people to find riskier investments for yield. Specifically. Tell me the cause, instead of parroting something you read. Show me you actually understand it, because I see no evidence that you do.
Phantasmal (08-13-2020)
Last edited by anonymoose; 08-13-2020 at 09:24 AM.
Hello Concart.
THANK YOU! Of course it was. There is no 'instant recovery' from a crash like that. It was a responsible recovery which took time to build. As it should. There is no instantly putting together a strong economy. We are in the process of finding that out. Every foreclosure, eviction, job lost that's not coming back, and bankruptcy just makes any hope of a quick recovery all the more fleeting. Trump bungled the pandemic, and the resultant crashed economy is real and lasting damage.
And it is all Trump's fault!
Last edited by PoliTalker; 08-13-2020 at 10:50 AM.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
cancel2 2022 (08-13-2020)
cancel2 2022 (08-13-2020)
We were planning on moving to Washington but all is on hold now. It's been a long time since metro Seattle has had a recession. I think they even did pretty well in 2008 if I remember correctly. If this brings Boeing down we might get a deal in Skagit Valley or Bellingham later.
Last edited by anonymoose; 08-13-2020 at 09:54 AM.
PoliTalker (08-13-2020)
cancel2 2022 (08-13-2020)
cancel2 2022 (08-13-2020)
Your response, plus Rana thanking the post, shows me this is 100% partisan. Blame Republicans 100% if you want, that doesn't change the fact this was the slowest economic recovery since the Great Recession. That's just a fact, not a trope and not partisan. It's not like it hasn't been discussed for years. I'm not saying something out of line. Usually I would post articles backing my point but in this case it's something you know already so google yourself if you want reinforcement.
What I wrote is pretty clear regarding savings. I've seen others argue QE doesn't hurt savers. If that's your position state so.
I'm still stuck on "worst ecomonic recovery"
We need to thank our lucky stars and pray Biden delivers another "worst economic recovery" after you shitstains fucked the world over....y-e-t a-g-a-i-n.
How fantasmagorical is a recovery from the deepest economic global recession in history supposed to play out? Is there some playbook I can read?
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