Is Ron Paul smart, or just lucky?

Discussion in 'Economics & Trade' started by modernpaladin, Dec 10, 2018.

  1. modernpaladin

    modernpaladin Well-Known Member

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    In the context of our plummeting stock market... Ron Paul predicted 20 months ago:

    The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future,” Paul stated. Explaining that the collapse will occur in the next 12-18 months, Paul warned that the unaccountable Federal Reserve is so powerful even the President won’t be able to stop the crisis."

    https://newspunch.com/ron-paul-fed-economy-trump/


    If you've not been keeping up on Paul, he's no partisan btw. He's been very critical of Trump.

    He was 2 months off. That's pretty damn good in terms of economic forecasting.

    So do you think he's right, or just lucky?
     
  2. Quadhole

    Quadhole Well-Known Member

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    All you had to do is research to know it was coming. Based on history, where could the DOW go ? 30K 35K ? Ridiculous, he is just listening to the Gordon Longs of the world, Peter Schiffs, you cant make something out of nothing forever. We have ruined our country on Credit, borrowing money we dont have, from people we already gave it too for free. All debt, no REAL jobs, spending on Military and buybacks raised the price of stocks (FAANGS) to absurd numbers.
    All down hill from here, no magic, no luck, just plain common sense.
     
  3. The Don

    The Don Well-Known Member

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    There's been a stock market collapse ? I must have missed it.

    The Dow Jones is less than 10% off its peak. That's only half way to the start of a bear market, much less a collapse.

    Ron Paul is only "correct" in that the kinds of stock market adjustment that has happened four times in the last three and a half years is being interpreted as his predicted collapse.
     
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  4. modernpaladin

    modernpaladin Well-Known Member

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    True, theres no collapse. The stock market is still pretty good. Just not great, like it was.

    Do you think the Fed is trying to sabotage Trumps economy?
     
  5. Quadhole

    Quadhole Well-Known Member

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    How do you answer when the collapse continues ? Or, do you wait for the 10% rally off of every 20% decline to comment and write, up 10% over last 10 days, things are getting better. Wait 6 weeks, wash, rinse repeat.
    All the stats we receive now are twisted, like CPI. Real Inflation runs at close to 5% YoY since 1998. Yet wage growth is at 0% YoY during the same time. I would put the stats up, but any good Conservative will just call the data FLAWED, must be a mistake, cant be right. It is true, why everyone needs to know this same pattern continues and with the next recession will come prices where you cant afford to live, eat, buy the things you need. The Govt will act surprised and cut taxes again, more QE and pray it helps. It wont.
    Only those ready will come out with tangible assets.
     
  6. LafayetteBis

    LafayetteBis Well-Known Member Donor

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    This is an Economics Debate Forum.

    Discuss the stock-market all you want. But, in fact, it of very little concern in terms of economics.

    The Stock Market is all about sitting on one's rectum and making bets. It's more a gamble than anything else ...
     
  7. james M

    james M Well-Known Member

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    1) stocks are fine so Ron Paul looks dumb
    2) stock market is not gamble at all. It rises with the economy over time.
     
  8. james M

    james M Well-Known Member

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    if there was evidence it would continue we could sell our houses and short stocks. No issues in China or USA really since we now understand monetary policy well enough to prevent economic contagion. Do you understand/
     

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