The Trump Crime Family

[sharkman]

Not so! The market run up (after a price consolidation that lasted from spring to part of fall) continued on the day Trump got elected (November 8, 2016) in anticipation that the tax cuts would pass. Who said anything about a bull market starting in 2016??? A run-up is a continuation of a broader market move...or an up move within a bull market!!! Don't infer things that are inaccurate!

The market "ANTICIPATES" it does not wait for the actual event to occur!...So get your facts straight!

And where the hell did you see me write that the bull market started in 2016 or 2018?????....certainly not in posts 507 and 509.

 

[EagerBeaver]

Kudlow Has Heart Attack

Apparently, Justin Trudeau stressed Kudlow out to the point that Kudlow had a heart attack. The stress of Kudlow was visible in that deeply annoyed interview I posted earlier. But now this:

https://www.cnn.com/2018/06/11/politics/larry-kudlow-trump-tweet/index.html

 

[sharkman]

Apparently, Justin Trudeau stressed Kudlow out to the point that Kudlow had a heart attack. The stress of Kudlow was visible in that deeply annoyed interview I posted earlier. But now this:

https://www.cnn.com/2018/06/11/politics/larry-kudlow-trump-tweet/index.html

Shit...horrible news! I feel so bad for Kudlow!

Trudeau is in deeper shit now!

 

[rumpleforeskiin]

"You can thank him (Kudlow) for the bull market run in US equities!" Sharkman.

Pray tell, what part did Kudlow play in the Obama administration that he gets credit for the 250% gain in Dow during those years.

The dive in the Dow, again, began the day my crew got the teeny weeny tax cut that their kids and grandkids are going to be paying for for decades. The same tax cut that's worth $400 million to Trump and his kids?

 

[rumpleforeskiin]

Reading this morning the column of Nobel laureate in Economics Paul Krugman I notice his reference to "economist" Larry Kudlow. So I went and checked Kudlow's credential, or rather lack thereof. Seems he has a bachelor's degree in history from the University of Rochester. He did study politics and economics at Princeton, but left before he completed his master's degree.

His "credentials" also include working for Arthur Laffer, the mastermind who created the Laffer Curve, the bible of supply side (trickle down) economics. As we know, supply side is a hoax that has been a major force in the shifting of wealth to the 1% and in the demise of the middle class.

From Wikipedia, "In 1993, Kudlow predicted that Bill Clinton's tax increases would dampen economic growth.[20] When the economy boomed in the late-1990s, Kudlow credited it to tax cuts enacted during the Reagan administration (1981-1989)." Hahaha. Sound's a lot like Sharkman's crediting Trump for the Obama boom.

"Kudlow was a strong advocate of George W. Bush's substantial tax cuts, and argued that the tax cuts would lead to an economic boom of equal magnitude.[21] After the implementation of the Bush tax cuts, Kudlow insisted year after year that the economy was in the middle of a "Bush boom", and chastised other commentators for failing to realize it.[21] Kudlow firmly denied that the United States would enter a recession in 2007, or that it was in the midst of a recession in early to mid-2008." What a dope.

I could go on as there's a lot more, but it's quite clear that the best word to describe Larry Kudlow is "quack."

 

[sharkman]

Rumples, I was pretty clear in my explanation in para 3 of Post #509 as to the main reason for the gain in the market from the market lows of 2008/2009....and it had nothing to do with CORPORATE Tax Cuts...simply the market going through price re-adjustment from essentially a meltdown.

 

[sharkman]

I could go on as there's a lot more, but it's quite clear that the best word to describe Larry Kudlow is "quack."

Everyone has a right to his own opinion!

I admire Kudlow because he's not a chemistry lab economist...he's a market person as well that worked on the investment banking side with Bear Stearns. He's well connected and he talks to market people...he's definitely not a closet economist!

 

[rumpleforeskiin]

How're things at Bear Stearns, by the way.

I'm aware of your profession. You should know that there's more to the economy than the "markets." In fact, the vast majority of the people have no investment in the market. Thanks to Reagan, most people in the US live paycheck to paycheck and have no retirement savings whatsoever. (Not only did his tax cuts enrich the wealthy at the expense of the poor, but his assault on the union movement meant that there are millions who no long have unions to protect them and the retirement funds that are available to union members.) Thanks, Larry.

I might add that I'm one of the lucky ones whose life is not materially affected by the damage the Trump crime syndicate is doing to the world. My concern is for the millions who he is hurting in many more ways than one.

I'm also not a big fan of kleptocracy. The law will catch up with these people. https://www.washingtonpost.com/poli...80389a4e569_story.html?utm_term=.f3f5e8ad3416

Quiz time: can you point out one time in his career when Larry Kudlow has NOT been wrong?

 

[rumpleforeskiin]

Holy shit. He's trying to turn a profit in his "negotiations" with the little tyrant.

http://thehill.com/homenews/adminis...im-he-could-have-the-best-hotels-in-the-world

 

[sharkman]

....Quiz time: can you point out one time in his career when Larry Kudlow has NOT been wrong?

Yeah...when he checked-in for rehab for cocaine addiction!

 

[jalimon]

Another lie, among others... This one is quite funny

https://twitter.com/EdwardTHardy/st...tps://www.mamamia.com.au/donald-trump-height/

 

[sharkman]

I'll say this Jalimon...Trudeau's got the sharpest looking suit!

 

[sambuca]

I never said anything about Kudlow being right or wrong so not sure what you are shocked at. I made no judgments on the substance of what he said. I simply said the guy is effeminate, which he obviously is. Has nothing to do with right or wrong of what he says.

"The guy is effeminate, which he obviously is." says the guy whose handle is slang for a pussy. :crazy:

 

[sambuca]

Reading this morning the column of Nobel laureate in Economics Paul Krugman I notice his reference to "economist" Larry Kudlow. So I went and checked Kudlow's credential, or rather lack thereof. Seems he has a bachelor's degree in history from the University of Rochester. He did study politics and economics at Princeton, but left before he completed his master's degree.

His "credentials" also include working for Arthur Laffer, the mastermind who created the Laffer Curve, the bible of supply side (trickle down) economics. As we know, supply side is a hoax that has been a major force in the shifting of wealth to the 1% and in the demise of the middle class.

From Wikipedia, "In 1993, Kudlow predicted that Bill Clinton's tax increases would dampen economic growth.[20] When the economy boomed in the late-1990s, Kudlow credited it to tax cuts enacted during the Reagan administration (1981-1989)." Hahaha. Sound's a lot like Sharkman's crediting Trump for the Obama boom.

"Kudlow was a strong advocate of George W. Bush's substantial tax cuts, and argued that the tax cuts would lead to an economic boom of equal magnitude.[21] After the implementation of the Bush tax cuts, Kudlow insisted year after year that the economy was in the middle of a "Bush boom", and chastised other commentators for failing to realize it.[21] Kudlow firmly denied that the United States would enter a recession in 2007, or that it was in the midst of a recession in early to mid-2008." What a dope.

I could go on as there's a lot more, but it's quite clear that the best word to describe Larry Kudlow is "quack."

Although liberals often attack supply-side economics with your argument, the pressure on the middle class was probably impacted more by trade with China and Mexico as well as technological developments over the last twenty plus years than Reaganomics. While conservative Republicans worship at the altar of Ronald Reagan, liberals attempt to blame him for every negative thing they have perceived that has happened in the thirty years after his Administration.

As I have mentioned many times, you can't give all credit or blame for the economy to the party in power. There are economic cycles as well as serendipity. Clinton took office on the eve of the Tech-Telecom boom. The 1990s tech boom was fostered by the commercial exploitation of the internet and rapid adoption of the computer for use in many business and personal activities. The telecom boom benefited by both the internet boom and deregulation of the telecom industry. NASDAQ peaked in March 2000 and crashed precipitously. Many, many overexpanded telecom companies went bankrupt in the early 2000s. This was a typical boom, bubble and bust cycle that started when Clinton took office and started to bust when Bush II took over. Many Dems and Independents feel the Clinton era was the greatest period in their economic lives.

I caution Republicans to worship tax cuts in all circumstances. Ronald Reagan didn't have an economy with this much underutilized industrial capacity in the U.S. and globally. He also didn't have to contend with this much income inequality. Reagan took over after investment suffered during the 70's and demand was outstripping supply causing domestic inflation. This is in very much in contrast to today's demand deficiency with almost zero interest rates and very low inflation.

 

[sambuca]

I'll say this Jalimon...Trudeau's got the sharpest looking suit!

Am I the only crazy fuck who would like to see his mom Margaret do granny porn?

She use to give me a raging woody.

 

[anon_vlad]

... I simply said the guy is effeminate, which he obviously is.

You should say it to his face. Trudeau's a very good amateur boxer. (One of my friends trained with him.) He doesn't lie about his height (like your Orange Puppet) and actually is a fit 6'2".

 

[Carmine Falcone]

I can see how "effeminate" almost hits the spot in describing Trudeau :smile: but I'd say he's more of a metrosexual--and ain't nothing wrong with that. My fashion sense before my early 30s: glorified hobo.

 

[jalimon]

Effeminate you may think he is Carmine but as anon_vlad wrote the guy can box you out of all your teeth in 5 minutes Really it's no fool, the guy can box!

Cheers,

 

[sambuca]

I believe EagerBeaver began this thread thought with Larry Kudlow sucks dick and then clarified he thought he was effiminate.

Funny that you Canucks automatically presumed he was talking about your Prime Minister. If the dress fits........

 

[Carmine Falcone]

Effeminate you may think he is Carmine but as anon_vlad wrote the guy can box you out of all your teeth in 5 minutes Really it's no fool, the guy can box!

Cheers,

I believe it. Imagine the sheer embarrassment of getting your ass kicked by an effeminate man.








I'm kidding. I like Trudeau. I also said "almost." I think "metrosexual" is more fitting. To old-school men, it might mean the same thing as nancy-boy/effeminate but there's a difference. Being metro just describes his fashion sense and attention to grooming. It doesn't mean he can't have old-school manly hobbies like boxing. I care about my appearance too (not to the point of getting pedicures) but I can still average a 7:30 mile and do dumb manly shit like heavy deadlifts and such. I don't think most effeminate guys care for those sort of rough-and-tumble things. So as I said, there's a difference.