[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

Search:


View post   

>> No.15660961 [View]
File: 189 KB, 1910x1000, 106079835-15658272604ED2-REQ-SPECIAL-JIMCRAMER-081419.1910x1000.jpg [View same] [iqdb] [saucenao] [google]
15660961

America's on a mindless credit binge right now. They are just going for fucking broke buying shit on credit but manufacturing is in contraction and earnings are constantly being revised downwards.

The stock market is being run by the companies themselves buying back stock and algorithms that monitor the news for ques to sell or buy.

It's a very 1999 or 2007 world right now, but who the fuck knows how long it can keep going. An external shock needs to happen for it to fall apart, and I don't know what that is or when it will happen.

TL;DR: Trump sees US monetary policy in the simple guise of a real estate developer trying to get cheap debt from his bank to finance his construction. His tweets give away just how little he knows about monetary policy.

Navigation
View posts[+24][+48][+96]