GDP: US Economy grows at fastest pace in nearly two years. God Bless Bidenomics.

Walt said:
This is not complex. The depositor loans their money to the bank, and is paid interest for the loan. The bank then reloans out the money.
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ITN is a great example of how Conservatism must regress on their primary education because they just don't have a fucking clue.
 
LV426 said:
ITN is a great example of how Conservatism must regress on their primary education because they just don't have a fucking clue.
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I waste much of my time here explaining to the alt right posters the most simple concepts. I really wonder how they dress themselves in the morning.
 
Walt said:
We speak of NINJA (no income, no job, no assets) loans, but you were always required to have income. They were actually "self reported" income loans. Often the loan brokers would tell the borrowers to leave the income part of the form blank, and then the brokers would fill in whatever income number was needed.

THAT WAS FRAUD!!!
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That is not fraud.
Walt said:
No different than trump claiming he had land use rights that he simply does not have. trump cannot sell mar-a-lardo for condos, and he claimed he could to get a loan.
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That is not fraud either.
Walt said:
The hope was there was no such thing as systemic danger. Sure some homeowners would default, and even some of those loans would be underwater, but nationally houses would on average be worth more than loans. If there is no systemic danger, then bundling loans means there is no danger.
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Banks were being stupid gamblers.
Walt said:
Banks caused none of this.
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Banks caused all of it, especially the Fed.
Walt said:
Almost all the loans went through mortgage brokers.
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Run by banks.
Walt said:
By definition, the government did little to back subprime loans, and discouraged banks from giving them.
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Blatant lie.
 
Walt said:
I waste much of my time here explaining to the alt right posters the most simple concepts. I really wonder how they dress themselves in the morning.
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I read an article about it. Psychologists call it 'Lazy Thinker Syndrome'. People of low intelligence tend to gravitate towards people they admire, people who they think are intelligent. Then they let those people doing the thinking for them. That's how cults work. The cult members are weak-minded and need someone to make decisions for them. I saw a MAGA woman on YouTube that said if Trump didn't win in 2024, she wanted to die. That's why Trump could shoot someone on 5th avenue and he wouldn't lose any votes.
 
Joe Capitalist said:
I read an article about it. Psychologists call it 'Lazy Thinker Syndrome'. People of low intelligence tend to gravitate towards people they admire, people who they think are intelligent. Then they let those people doing the thinking for them. That's how cults work. The cult members are weak-minded and need someone to make decisions for them. I saw a MAGA woman on YouTube that said if Trump didn't win in 2024, she wanted to die. That's why Trump could shoot someone on 5th avenue and he wouldn't lose any votes.
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Best description of trump is that he is poor man's image of a rich man, a weak man's image of a strong man, and a dumb man's image of a smart man. They all ring true to me, but the first one especially so. Richer people tend to not try to show off their wealth. They do not have gold plated everything, not just because it is needlessly showy, but also because gold plating is amazingly cheap.
 
LV426 said:
No they weren't. Raised to control workers wages. That's what it's always about.

It Could Be Harder to Find a Job and Get a Pay Raise if the Fed Gets Its Way
The Fed’s long-standing belief is that a job market with strong hiring and increased wages typically fuels higher inflation.
https://time.com/6253699/federal-reserve-inflation-interest-rates-workers/
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This was taken from your link ...

The central bank has been aggressively increasing interest rates to slow the economy and bring inflation back to around its 2% target.
 
Port Tack said:
This was taken from your link ...

The central bank has been aggressively increasing interest rates to slow the economy and bring inflation back to around its 2% target.
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SLOW THE ECONOMY

How do you slow the economy? By preventing wage growth through increasing the interest rate.
 
Walt said:
Best description of trump is that he is poor man's image of a rich man, a weak man's image of a strong man, and a dumb man's image of a smart man. They all ring true to me, but the first one especially so. Richer people tend to not try to show off their wealth. They do not have gold plated everything, not just because it is needlessly showy, but also because gold plating is amazingly cheap.
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Methinks the majority of MAGA morons fell in love with Trump by watching him on his Apprentice TV show for 13 years. He drove the producers of the show crazy as they had to do multiple takes before Trump got it right. But the viewers only saw Trump always saying the right thing and looking like a smart, savvy businessman.
So the MAGA morons have this artificial image of Trump and it's stuck with them to this point.
Remember, they're MAGA morons so they ain't real smart.
 
LV426 said:
That's right and every single Conservative repeated that and was completely wrong.
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Dude, the last 3 years have been a fucking disaster economically.

"Are you better off today than you were 4 years ago?"

Jeff Bezos, Tim Cook, George Soros, and Warren Buffett can all say "yes."

The REST of America is a resounding "NO."

Hey, but at least Bought and Paid for Joe put us on the brink of WWIII with his "10% to the Big Guy" war in Ukraine!
 
Joe Capitalist said:
Methinks the majority of MAGA morons fell in love with Trump by watching him on his Apprentice TV show for 13 years. He drove the producers of the show crazy as they had to do multiple takes before Trump got it right. But the viewers only saw Trump always saying the right thing and looking like a smart, savvy businessman.
So the MAGA morons have this artificial image of Trump and it's stuck with them to this point.
Remember, they're MAGA morons so they ain't real smart.
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Avarice. Trump is a successful real estate developer and was even elected President. All you can do is drool over it and whine.
MAGA isn't a person.
 
Uncensored2008 said:
Dude, the last 3 years have been a fucking disaster economically.

"Are you better off today than you were 4 years ago?"

Jeff Bezos, Tim Cook, George Soros, and Warren Buffett can all say "yes."

The REST of America is a resounding "NO."

Hey, but at least Bought and Paid for Joe put us on the brink of WWIII with his "10% to the Big Guy" war in Ukraine!
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Don't forget Joe's infamous 'Red Speech', where he called for civil war (an impeachable act).
War is coming, regardless of the outcome of the 2024 election. Democrats will start it (in many ways they already have).
 
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