This guy gets it

RaceBannon · August 2018

Doubling energy prices means you wait in line and nothing else

Has no effect on the economy as a whole. Quite common really

Shut the fuck up hondo

greenblood · August 2018

2001400ex said:

RaceBannon said:

salemcoog said:

insinceredawg said:

RaceBannon said:

insinceredawg said:

greenblood said:

2001400ex said:

greenblood said:

2001400ex said:
Someone is full of shit.
https://finance.yahoo.com/quote/TWLO/

see for yourself
So 100% of your portfolio is in one stock. Sounds like a smart idea.
That’s just one account. And it is if you know what you’re doing.

I put 2k in a few years ago to trade with and said fuck it. It’s paying off.

The majority is in aggressive mutual fund accounts. Still killing it...
Better enjoy the gravy train that Obama's policies have enabled. With Trump's tax cuts driving the deficit up and tariffs killing jobs domestically, we're heading straight towards another recession by 2021. Then we'll have to get another Dem in office to fix it, only for you fuckers to screw it up again by electing the next W/Trump. That's the script.
And you call me a cock sucker

Holy shit

According to your butt buddy hondo the economy sucks

Thanks Obama
Who was in office when the economy rebounded from the recession?
I like to celebrate a recovery that should have taken 3 years, that actually took 7. ILTDT.
@insinceredawg is right about one thing. I was stupid and voted against my interest in voting for Carter and then Mondale instead of Reagan.

The 80's were very good to me and the nation as a whole

That was a recovery and anyone who doesn't think the collapse of the late 70's wasn't as bad or worse than 2007 wasn't there
You had to wait in line for gas in the 70s. How many people lost their homes?

I will agree tho that unemployment was higher during Carter and Reagan than Obama.

People that shouldn’t have been able to buy a home in the first place. You can thank retards like Barney Frank that helped create the house of cards to begin with.

RaceBannon · August 2018

https://quora.com/Did-people-who-bought-houses-in-the-70s-essentially-get-the-house-for-free-Was-the-price-so-low-that-the-cost-and-or-debt-was-inflated-away

However, this does NOT mean people who bought a home in the 1970s got them for free. They simply paid with those hard earned dollars from the 1970s. Through inflation and growth, median household income then was a tiny fraction of what it is today.

The high inflation rates of the 1970s, from the shift to a pure fiat currency system, wiped out a lot of debt so people kept borrowing more, at least until the Federal Reserve stopped the cycle with an interest rate shock that took mortgage rates to 18%. People still bought homes, but just at much lower prices relative to their incomes. Since homebuyers paid 5–7x as much mortgage interest as today, home prices were severely depressed with extremely low home affordability.

As interest rates have come down consistently for the past 35 years, home prices shot up along with ever increasing affordability. So, for those who suffered through the interest rate shock, they saw their mortgage debt get inflated away while their home prices rose sharply with the same inflation.

In retrospect, it looks like everybody from the 1970s made extremely easy money on their homes. In reality, those who made huge returns were some of the toughest and boldest home buyers, who took a gamble in the midst of the biggest experiment in monetary policy in a century. If the experiment had failed, they could have easily been wiped out financially.

But, for some homeowners, particularly those not on the hot coastal markets and in the Deep South, they've not experienced much price appreciation in 40 years. In those areas, homes are often still selling for exactly the same price 40 years later, effectively making a 70-80% loss on inflation adjusted dollars, ouch.

Tuff liberals who would buy a home in the 70's!

We bought ours in 85 at 11%. Yes we scored big. Others not so much