BigGame90

Is it an insult if it's true? 

I never credited Trump with lowering inflation, did I? Did I blame Biden for inflation? Not in this post. I just stated the numbers under his term. I also just stated how the bot is obfuscating the truth, like it does in every post it makes. Please go back and try to find 1 post that is in favor of Trump. You won't find any in the nearly 8k posts. Of those posts, they 100% read like a bot with an agenda. Just calling a spade a spade, why hate on me for it? Is the bot part of your army?  Seems like it since you're always quick to take it's side. 

When you say "low inflation", do you mean YoY rates or since Biden took office? Seems like you're trying to hide the fact that Biden brought on record inflation that stayed elevated and never returned to when he entered office. So he actually increased inflation at record rates and he didn't technically have low inflation relative to his 4 year term. Did your bot program gloss over the super elevated inflation Biden couldn't bring back down? Inflation spiked, then stayed elevated. It was never "low". Lets get it straight because your attempt at left leaning manipulation propaganda doesn't go unnoticed. 

@wallstreetcappers

 I believe Clinton was the spark for the start of the housing crisis and everyone thereafter played a roll in allowing the snowball to build. It got to a point that everyone, literally everyone, was greedy and stopped paying attention because everything was gravy. 

@HayHay2

 Nice write up and I agree with you. I'll have to look into the Fannie and Freddie scandal that you talked about as I'm always ready for another rabbit hole to dive down. 

Lowering rates will allow more people to qualify, however, sellers will eventually raise prices as demand is picking back up due to expanding the qualifying pool. I think we're still in the middle stages of sellers realizing they lost a lot of qualified buyers as rates have been increased which in turn caused prices to come down to allow a larger groups of qualified buyers. I believe this is why homes have been actively been cutting listing prices. Currently, banks are making higher interest while lending less. So lowering rates might help in the immediate by opening up the qualifying pool while the long term would most likely push more buyers back out as prices rise since demand is higher, right? So do you really fix "elevated" prices by lowering rates? If credit is maxed for most and most people are tapped, who's going to qualify if we lower rates right now? What happens if we lower rates and then face a recession right after because rates are low and demand is also low? 

I've been noticing large construction for multi unit family's being built and it really seems like the pace has slowed to a snails pace right now while they wait for the empty units to sell. If they need to sell to finish the build, they are in trouble and lower interest rates won't help. My guess on that is because the builders are offering 5% and they are still not selling. So I don't think there's a short in supply otherwise they'd have more incentive to pick up pace and finish. If they need to sell in order to finish, they are in trouble.   

I think the banks are the only ones that was to lower rates considering the ZIRP that WallStreet was referencing.  

@wallstreetcappers

 Still waiting to hear a logical explanation on why people think the FED should lower rates. All I seem to hear/read is "FED needs to lower rates. Period".  I know this is off topic to this thread, but I will continue to ask people why they think rates should come down right now. 

Powell has never shown his cards and he's doing a great job at not taking sides. I couldn't believe some of the questions from congress today towards Powell. They each had 5 minutes and some of them just hammered the same shit over and over it was actually pretty discouraging to hear congress take part today. 

Everyone was greedy back before 08'. Banks were collecting massive fees on loans and then bundling and selling off, home owners were cashing out on elevated appraisals while taking on adjustable rates (hell they had to bring in interest only and then the most ridiculous of them all the Neg am loans to keep feeding the beast). The ones that didn't get greedy ultimately paid the price (in the shorter term). Banks got bailed out and nobody took responsibility, home owners were allowed to basically cash out and then not pay for 12-16 months while the house was in foreclosure and then were able to repurchase after 3 years (used to be 7 after a bankruptcy or default). The ones who made out are the ones that bought the dip and the banks that didn't shut down. 

I'll digress as this is off topic was brought in and mostly off topic for the thread. 

@HayHay2

 If people are already priced out of new housing, please explain how lower rates are going to help people buy a house? If people are tapped on credit cards and delinquencies are increasing, please explain how lower rates are going to help? And lets be real, credit cards won't lower their interest rates because the FED does. Have you ever seen CC drastically lower rates? If delinquencies are increasing, why the hell would anyone lending money want to lend more money at lower rates? You do realize when banks lend and defaults happen, the responsible people pay, right? 

Liberal media has once again confused the left. 

Protestor is not the same as a rioter.  Trump sending in the National Guard is not to fight against the protestors. If people can not see the media manipulation happening right now, good luck. 

Media is not confused when using these terms, they are doing this with intention and it's clearly working after reading posts online. 

@cd329

 If you don't want to read my posts, skip over it. When I come here and see your posts at the top, I'm going to comment about how silly you. I don't think I should say you should shut up, I think I'm supposed to say "all you lib tards STFU and go about your day you little cry babies". See, going after everyone and not just you my guy. 

Maybe you called on a Friday when they had the day off. Maybe you called on one of the ridiculous federal holidays they get off. Nobody ever gets a live person when calling a govt agency for help. 

@Midnight1

Your bucks would end up in whatever acct you wanted to transfer to. Musk isn't going to steal your dollars. OP just wanted to whine a little more and insists on starting garbage threads to do so. Does he really expect the IRS to have someone answer his questions on the first call? They'll give him the run around like every other govt agency that wants to slow work down because they are not in a rush to help.  He'd still complain if Musk helped make these agencies more efficient. 

Have you never tired to contact a govt agency? Wake up dude, this is how govt has ALWAYS ran business. 

Stop being a lil whinny cry baby. There's already threads for Musk, you don't need to start a new thread every time you feel like crying. 

This post reads like a whinny lil cry baby that is clueless and wants to ramble. This thread could have been a post in the other 7 or 9 Trump bashing threads. News flash OP, stock holders are not going to lose all their money because of tariffs. Completely clueless. 

Thanks for the info. Something a human being thinks about and wants to discuss all the time.  Have any other thoughts on your post since you felt the need to post it? Have any other discussions or facts about the estimates that may or may not be wrong? 

@cd329

 How many times have you said Trumps name today? I won't go check your posts but I'd put the O/U at 11.5 and would take the alt line at over 19. 

It's funny seeing liberals crying about more taxes. I thought they loved taxes? Or is that only when they don't have to pay them? 

@THEMUGG

 Most of us know why. Third is a bot and anything WSC says to that "poster" will not get answered unless it's more propaganda to go with the answer. WSC knows this which is why WSC never tries to have a discussion with Third. WSC is good to harp on the right by saying the right only attacks the left.  Go click on thirds name. Everything reads like left leaning propaganda and literally no discussions or original thoughts that a human would have. 

@fubah2

 Is the tariffs going to cost the auto industry or will the current auto default rates cost the auto industry? Subprime auto loans are defaulting at a record pace. But yeah, it's the tariffs that are going to destroy the auto industry.   Not the fact that massive auto loans were given out to subprime borrowers which in turn caused auto prices to spike to ridiculous prices. Hint, same reason why college education went through the roof. When the govt and banks are handing out money to anyone that wants it, prices are going to rise. 

Since WSC wants facts (your post is clearly speculation without saying the numbers are speculative which is misleading). 

From Sept 24' Before Trump was in office... https://www.federalreserve.gov/econres/notes/feds-notes/rising-auto-loan-delinquencies-and-high-monthly-payments-20240926.html    But yeah, it's Trumps fault, right?  That spike starts AFTER Biden takes office and while inflation was hitting decades highs. With all defaults, it takes time to hit the books. 

@wallstreetcappers

 You're right, you never said the jobs reports are off. You also never corrected OP when OP was constantly stating overinflated numbers and not revising. In not saying anything, you are skipping over the fact that OP is not giving the facts, like what you ask for in here. You're quick to correct people you deem are on the right, and tend to let the left slide. Do you wonder why you typically get more push back from those you deem to be on the right and not the left? Because you let the left slide and are quick to jump on the rights mistakes. There is something to say about saying nothing. 

I can't comment on what you might think is police profiling because I've never seen it. I have seen police pulling over cars that are far outside of the rules of the road. I see a lot of cars around my area that have fully tinted front windows and have yet to see one pulled over for a fix it ticket. Would you call it profiling if a certain race had their front windows tinted and were constantly pulled over? I mean, you can't even see who's driving to judge. Would it also be profiling if that same car was pulled over and had guns drawn because the windows were tinted? Or is it only profiling if the driver is anything but white? 

Since this forum loves polls, I would be curious to see CEOs thoughts on DEI in the workforce. I'll just wait for third to clip my first sentence and find a way to rag on Trump. 

As for your preference on govt spending on social programs, how's the homeless spending in CA going? Billions and billions unaccounted for. But yeah, lets give the govt more of our taxes so they can lose more. While we're at it, let's just keep raising taxes so the govt can have even more unaccounted missing funds to the tunes of billions. Would you be willing to compromise and not have pensions for govt workers? Afterall, they are living off tax payers backs, do they really need a pension? Isn't working 4 days a week basically a pension by getting 20% time off while received full pay?

@wallstreetcappers

 Was America winning the last several years while credit delinquencies were skyrocketing? Or did nobody pay attention because media never brought it up? Pretty easy to check the FRED (https://fred.stlouisfed.org/series/DRCLACBS) sites to see the rates of delinquency rates.  Was the GDP increasing on the backs of debts that are currently defaulting? But it's Trumps fault for trying to bring pricing down, right? Banks just giving out credit to anyone that asks, people spend on garbage, prices continue to go up, Biden continues to claim victory, people regurgitate with the media tells them, nobody looks under the hood because it's just easier to blame Trump for trying to stop the runaway train. 

You care about Trump lying now, but said nothing when the jobs reports (the fake numbers that were blasted all over here and OP would NEVER go back to update the actual numbers) was coming in excessively high and then were constantly lowered. Every. Single. Month. A large portion of "jobs created" were also govt jobs which are paid off the backs of tax payers, collected from taxes which is what the tariffs are supposed to help. 

@Midnight1

 Lets say the economy keeps burning hot, how long before EVERYONE is priced out (houses, cars, travel etc) and credit defaults explode? (see above link for defaults if you care to see why the economy was dOiNg So GrEaT under Biden. You can also look back at what lead up to the early 2000s and 2008 if you want to see how history is going to repeat. Tariffs aside. Who pays for bail outs when people can't pay their debts and default? It's great to spend on credit and keep the economy rolling, but what happens when the bill comes due and they can't pay for their reckless spending that helps keep prices up? Who pays? The responsible tax payers pay. Why should they have to suffer because people are irresponsible with credit? Same goes for irresponsible banks. Now you have a problem because Trump is trying to create revenue for the govt by way to tariffs? You do realize that inflation is also a tax, just like a tariff, right? If banks are going to give credit to anyone, the govt is going to give "free" covid monies, prices are going to rise. Govt doesn't care because they make a % of those increased prices. 

I'll say it again, tariffs are not the reason for what might come. Everything is negotiable. 

@thirdperson

 Did Ebay also require sellers to list inflation prices when the economy shut down and inflation picked up?