Again, when you have no clue what you are talking about, best to remain silent and thought a fool than to open your mouth and remove all doubt. You have a very nasty habit of talking like an expert on material you know absolutely nothing about.AtiliusRegulus wrote:you sound very guilty and very perturbed. Are you denying that there were qe1, qe2, qe3, etc to prop the stock market up? Are you denying that there was TARP? The stock market is being carried by the hard working middle class who has to absorb all the tax increases and inflation.vcsgrizzfan wrote:I can't tell you just how stupid that is. When you don't know what you are talking about, just shut the fuck up.AtiliusRegulus wrote: the markets depend on quantitative easing and crooked trade deals.
with trump, the market will go down, and companies will have to earned high share prices based on actual earnings and pro american trade deals.
I've been in the financial markets since before you were born. I've made my living and my 'fortune' for lack of a better word in the industry and the markets.
TARP likely saved us from a calamity greater than the the Depression of the 30s. In mid to late 2008, money had essentially stopped moving. The velocity of money had fallen to a crawl. No financial institutions trusted the balance sheets of any other financial institutions. The yield on many equities was two to three times higher than the yield on their bonds. Absolutely unprecedented stuff. There were top quality banks, with pristine capital ratios trading at yields approaching double digits because there was a high likelihood cross defaults would bring down even the best institutions. For the ONLY time in my career, I felt there was a good chance we were all going down the shitter. Not a bear market. The shitter. People who rail against TARP have no idea what they are talking about.
The hangover from the excesses pre 2008 caused by people using their homes as piggy banks and the artificial boom in the economy was exacerbated by a real estate market that had to correct significantly to come back into balance. If you want to rail about something, rail about the excesses on Wall Street etc. associated with all the scams that led to the real estate bubble. That's completely fair and accurate. I'm disgusted essentially no one has gone to prison for all the shit that went down associated with that.
Quantitative easing programs clearly helped the markets, but not for reasons you think or understand. Markets care essentially about two things. Earnings and interest rates. Interest rates affect the multiples markets will pay on the earnings generated by the participating companies in that market. But quantitative easing was not there to bolster markets per se, it was required because the economy was so fragile coming out of the excesses of 2008 and the associated hangover of the excesses leading up to that bubble.
Your last sentence is just ridiculous rambling babble not worthy of an answer.