Author Topic: A depression of the likes we have never seen before.  (Read 4196 times)

Castanza

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Re: A depression of the likes we have never seen before.
« Reply #10 on: October 26, 2020, 11:38:23 AM »
Cardboard you have described where we are at today perfectly. Under Trump’s leadership the US is experiencing the worst economic downturn since the Great Depression. And it looks like another wave of the virus is hitting which, in the coming months, will result in another downturn in health and economic activity.

Divides in the US are also at Depression levels (race issues, regional and political strife) all fuelled by Trump.

America’s standing in the world is also at Depression levels also fuelled by Trump.

But do not despair. I think there is a US election soon.

Pretty much every country is in a recession....Should we blame all leaders then? Or just Trump?

1973. Biden enters politics
1974.
1975.
1976.
1977.
1978.
1979.
1980. Wait for it.
1981.
1982.
1983.
1984.
1985.
1986.
1987.
1988.
1989.
1990.
1991. Stay with us...
1992.
1993.
1994.
1995.
1996.
1997.
1998.
1999.
2000.
2001. Almost there ...
2002.
2003.
2004.
2005.
2006.
2007.
2008.
2009.
2010.
2011.
2012.
2013.
2014.
2015.
2016.
2017.
2018.
2019.
2020. Now he’s ready to fix America.

@Parsad: Truth be told, I have no idea who is going to win this election. But I think it's going to be one hell of a shock either way.
Core: MSFT | GOOG | AAPL | INTC | CMCSA | VZ | RTX | MSGS | BATRK | PBCT | WFC | USB | PNC | BAC | TPL | PPL | PCYO | GRBK | PLNT | ATCO | ESPO | HACK

Funny Money:


Gregmal

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Re: A depression of the likes we have never seen before.
« Reply #11 on: October 26, 2020, 11:38:46 AM »
Starting to wonder if Mr. Trump's words could be a prophecy about to materialize?

We get the politicians that we deserve? Seems like the idiots voting for these morons will make us suffer greatly.

Cardboard

Which prophecy:

- Our Atlantic City casino hotel is one of the best in the world...a great success...a great success!  Bankrupt!
- Trump Vancouver...Trump Toronto...great hotels...great successes!  Naming licenses cancelled...both owners went into receivership!
- Trump University...we have the best professors...the best courses...the best University!  Under investigation and shut down.
- We have the best administration...going to do big things, big things!  91% turnover in the Trump "A" team in 4 years!

Or how about all of these prophecies:

https://www.cbsnews.com/news/timeline-president-donald-trump-changing-statements-on-coronavirus/

This quote by H.L. Mencken, about 100 years old, succinctly encapsulates American politics:

“When a candidate for public office faces the voters he does not face men of sense; he faces a mob of men whose chief distinguishing mark is the fact that they are quite incapable of weighing ideas, or even of comprehending any save the most elemental — men whose whole thinking is done in terms of emotion, and whose dominant emotion is dread of what they cannot understand. So confronted, the candidate must either bark with the pack or be lost... All the odds are on the man who is, intrinsically, the most devious and mediocre — the man who can most adeptly disperse the notion that his mind is a virtual vacuum. The Presidency tends, year by year, to go to such men. As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron.”

Cheers!

I hate to do this to you, so I'll be tamer than I would if it was someone else....but you should perfectly well understand certain elements of business ownership, sales, marketing, and ultimately strategy....better than most to be harping on shit like this.

Dalal.Holdings

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Re: A depression of the likes we have never seen before.
« Reply #12 on: October 26, 2020, 11:41:07 AM »
“It’s a hoax”

“It will be gone by Easter”

“It will go away and as I say, we’re rounding the turn, we’re rounding the corner”

—Trump the Prophet

Parsad

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Re: A depression of the likes we have never seen before.
« Reply #13 on: October 26, 2020, 11:45:00 AM »
Starting to wonder if Mr. Trump's words could be a prophecy about to materialize?

We get the politicians that we deserve? Seems like the idiots voting for these morons will make us suffer greatly.

Cardboard

Which prophecy:

- Our Atlantic City casino hotel is one of the best in the world...a great success...a great success!  Bankrupt!
- Trump Vancouver...Trump Toronto...great hotels...great successes!  Naming licenses cancelled...both owners went into receivership!
- Trump University...we have the best professors...the best courses...the best University!  Under investigation and shut down.
- We have the best administration...going to do big things, big things!  91% turnover in the Trump "A" team in 4 years!

Or how about all of these prophecies:

https://www.cbsnews.com/news/timeline-president-donald-trump-changing-statements-on-coronavirus/

This quote by H.L. Mencken, about 100 years old, succinctly encapsulates American politics:

“When a candidate for public office faces the voters he does not face men of sense; he faces a mob of men whose chief distinguishing mark is the fact that they are quite incapable of weighing ideas, or even of comprehending any save the most elemental — men whose whole thinking is done in terms of emotion, and whose dominant emotion is dread of what they cannot understand. So confronted, the candidate must either bark with the pack or be lost... All the odds are on the man who is, intrinsically, the most devious and mediocre — the man who can most adeptly disperse the notion that his mind is a virtual vacuum. The Presidency tends, year by year, to go to such men. As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron.”

Cheers!

I hate to do this to you, so I'll be tamer than I would if it was someone else....but you should perfectly well understand certain elements of business ownership, sales, marketing, and ultimately strategy....better than most to be harping on shit like this.

I'm neither running for President, nor aiming to be Prime Minister...and agreeably, not the right person for either job.  And I'll be tamer too...you'd suck it at as well.  That doesn't mean you currently don't have a lying huckster running your country!  Cheers!
No man is a failure who has friends!

mcliu

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Re: A depression of the likes we have never seen before.
« Reply #14 on: October 26, 2020, 11:46:49 AM »
I'm in Canada, so I don't care that much, other than maybe portfolio dropping from higher corp taxes.

Isn't it irrational to blame Trump for all that's wrong with the US.

Politics and race divide pre-date Trump and is more likely exacerbated by social media than anything else.

Bush Jr's Iraq war and GFC probably evaporated trillions of $ vs US economy was booming under Trump before virus hit.

Parsad

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Re: A depression of the likes we have never seen before.
« Reply #15 on: October 26, 2020, 11:48:57 AM »
Cardboard you have described where we are at today perfectly. Under Trump’s leadership the US is experiencing the worst economic downturn since the Great Depression. And it looks like another wave of the virus is hitting which, in the coming months, will result in another downturn in health and economic activity.

Divides in the US are also at Depression levels (race issues, regional and political strife) all fuelled by Trump.

America’s standing in the world is also at Depression levels also fuelled by Trump.

But do not despair. I think there is a US election soon.

Pretty much every country is in a recession....Should we blame all leaders then? Or just Trump?

1973. Biden enters politics
1974.
1975.
1976.
1977.
1978.
1979.
1980. Wait for it.
1981.
1982.
1983.
1984.
1985.
1986.
1987.
1988.
1989.
1990.
1991. Stay with us...
1992.
1993.
1994.
1995.
1996.
1997.
1998.
1999.
2000.
2001. Almost there ...
2002.
2003.
2004.
2005.
2006.
2007.
2008.
2009.
2010.
2011.
2012.
2013.
2014.
2015.
2016.
2017.
2018.
2019.
2020. Now he’s ready to fix America.

@Parsad: Truth be told, I have no idea who is going to win this election. But I think it's going to be one hell of a shock either way.

I don't want Biden to win either...God I wish really quality people would run...but Trump's alienated so much of the center right, includng women, and those are the voters who will vote Biden this time instead of Hillary.  Add the mass of black voters who finally stood up, and Trump will lose in a landslide...won't even be close!  Cheers!
No man is a failure who has friends!

Parsad

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Re: A depression of the likes we have never seen before.
« Reply #16 on: October 26, 2020, 11:54:51 AM »
I'm in Canada, so I don't care that much, other than maybe portfolio dropping from higher corp taxes.

Isn't it irrational to blame Trump for all that's wrong with the US.

Politics and race divide pre-date Trump and is more likely exacerbated by social media than anything else.

Bush Jr's Iraq war and GFC probably evaporated trillions of $ vs US economy was booming under Trump before virus hit.

Totally agree!  I'm not blaming Trump for Covid-19...in fact, I agree that the early stages were handled better under him than anyone else, because they had tight border restrictions from some countries already in place.  No one saw it coming, and no one was prepared...that being said, Trump could have handled the latter stages better, instead of throwing science out the window.

I'm blaming Trump for the divisiveness, incompetence of his Administration, nepotism and corruption within his Administration, mindless directives simply to wipe out anything with Obama on it instead of simply making it better, alienation of our closest allies, probably creating more extremists on both sides, fueling domestic terrorism and piling on huge amounts of debt.  Cheers!
No man is a failure who has friends!

Viking

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Re: A depression of the likes we have never seen before.
« Reply #17 on: October 26, 2020, 11:55:19 AM »
Cardboard you have described where we are at today perfectly. Under Trump’s leadership the US is experiencing the worst economic downturn since the Great Depression. And it looks like another wave of the virus is hitting which, in the coming months, will result in another downturn in health and economic activity.

Divides in the US are also at Depression levels (race issues, regional and political strife) all fuelled by Trump.

America’s standing in the world is also at Depression levels also fuelled by Trump.

But do not despair. I think there is a US election soon.

Pretty much every country is in a recession....Should we blame all leaders then? Or just Trump?

1973. Biden enters politics
1974.
1975.
1976.
1977.
1978.
1979.
1980. Wait for it.
1981.
1982.
1983.
1984.
1985.
1986.
1987.
1988.
1989.
1990.
1991. Stay with us...
1992.
1993.
1994.
1995.
1996.
1997.
1998.
1999.
2000.
2001. Almost there ...
2002.
2003.
2004.
2005.
2006.
2007.
2008.
2009.
2010.
2011.
2012.
2013.
2014.
2015.
2016.
2017.
2018.
2019.
2020. Now he’s ready to fix America.

@Parsad: Truth be told, I have no idea who is going to win this election. But I think it's going to be one hell of a shock either way.

Castanza, as i have been saying for years, leaders should be held accountable for their actions and words. It has taken 4 long years but that is finally happening with Trump. The man is a train wreck and a national disgrace.... all in plain sight for everyone to see. His incompetent handling of the virus is just another in a long list of his many failures. We will know much more in 8 days when the US votes. That, of course, will be the ultimate assessment by Americans of his Presidency.

My Province just had a Provincial election on Saturday. The party in power (NDP) was re-elected and won their largest number of seats in their history. The main reason (by far): people were very happy with their handling of the virus.

The virus/economy is NOT the problem for Trump. His actions and his words are his problem.
« Last Edit: October 26, 2020, 12:00:27 PM by Viking »

Cardboard

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Re: A depression of the likes we have never seen before.
« Reply #18 on: October 26, 2020, 12:19:54 PM »
And as a "Conservative" you gladly voted for NDP and/or are happy about this result?

Do you guys all think we are dumb?

If that is an IQ test you guys totally failed. No idea on how business works, no idea on incentives (see Charlie Munger), no idea on economics.

Other than propaganda, I read nothing intelligent here from out loud, truly pro-socialists bunch.

Then they call themselves investors...

Cardboard

Castanza

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Re: A depression of the likes we have never seen before.
« Reply #19 on: October 26, 2020, 12:48:33 PM »
“It’s a hoax”

“It will be gone by Easter”

“It will go away and as I say, we’re rounding the turn, we’re rounding the corner”

—Trump the Prophet

"I will fix the virus"

"We will cure cancer"

Can't wait for Biden to make good on his promises...... :o
Core: MSFT | GOOG | AAPL | INTC | CMCSA | VZ | RTX | MSGS | BATRK | PBCT | WFC | USB | PNC | BAC | TPL | PPL | PCYO | GRBK | PLNT | ATCO | ESPO | HACK

Funny Money: