Comments by "whyamimrpink78" (@whyamimrpink78) on "The Stock Market Is Going To Tank" video.

  1. No, you're dumb.
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  2. Ok, and Kyle bases this off of what? As for Obama. Going from 6000 to 16,000 after a recession is nothing. He had nowhere to go but up. Under Trump the growth is much faster. The stock market is one of many factors to determine economic growth. Sure, the top 10% own most of the stocks. But stocks are doing well because businesses are doing well. Businesses are doing well means you have jobs and more productivity and more consumption. Kyle has no clue how the stock market works.
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  3. "1928 GOP takes control of all 3 branches. Economy skyrockets due to deregulation. Then fails. Same in 2008. " In 2008 democrats were in control. Also, Hoover did many things that people on the right disagreed with.
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  4. Marlon White, you are not going to get much in terms of intellectual discussions with these people. There are several variables involved in the overall economy and stock market. People saying "it is going to crash because history" have no idea what they are talking about. You have to consider we have, for the first time, a non-politician as president.
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  5. "Business men controlled the government in the 1920s too" Whatever that means. In the 20s we were great. It wasn't until we elected a socialist in FDR that things went to crap. He turned a recession into depression. "one of the basic things you learn im Highschool is that expansion happens directly before recession " You don't learn that at all as it isn't that simple.
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  6. David Ace, why not cite a textbook or a peer reviewed paper? You must have access if you took the course? As far as crashes, they happen one happened in the late 70s. Why doesn't any talk about that? Because Reagan was elected and did hands off government and the economy recovered. Look at the crashes in the US, the two major ones, they were the great depression and the great recession of 2007. The federal government reacted with massive spending to "fix" the economy, they only times that happened. That did not happen in the recession of 1921, or the Panic of 1873, or the Panic of 1837. " and the recession was worsening before FDR even took office" Doesn't matter, it did for Reagan as well but we recovered. " that’s why he was elected in a landslide" The incumbent always has the inside track unless something bad happens under his watch. Look at the presidents from 1900 and look at how many did not win re-election? And consider what was happening when they lost . Hoover, Carter and Bush are three I can think of and under them the economy tanks. FDR won because he was elected to fix the economy to begin with. Our nation is very forgiving and will re-elect poor presidents. Obama was despite things not being well. " there’s a podcast called planet money that might clue you in to how the economy actually works" I will give it a listen but I feel that by what you have given me so far it might not be that great. "when growth is based on nothing more than increases in business spending and increased lending it is doomed to fail because no actual growth is happening" The same can be said about government spending. With business spending, however, businesses have something to lose. The government can just raise the debt ceiling. Businesses go bankrupt and go under unless they have government to bail them out like what happened in 2007. Business spending is not bad as businesses are investing and taking a risk. When there is risk involved they are careful. With government there is no risk.
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  7. " FDR is the reason why we even have a boom bust cycle in the first place. Without his financial policy and guidance during the worst economy ever the US probably would have gone the same route that Germany did" No, I disagree. FDR tried to "fix' the economy with massive spending. It was the war that got us out of the recession. After FDR we still have boom and bust cases because that is how the economy grows. You will have times you will take a few steps back. But as long as the federal government is hand off domestically it is fine. " I couldn’t cite sources to my book because I doubt you want to pay for it" I have access to several books. "Lastly you seem to have an unwillingness to admit that sometimes socialist policies do work " On a very small scale they do. Here is the issue. You have the objective side to economics and the subjective side. The objective side are the hard numbers. Amount of resources, the scarcity of them. The subjective side is how one perceives something. With economics what you want to get the most out of your resources. Objectively that can be obvious. You would not want a group of chemist to be digging holes in the desert. You want them in labs so they are getting the most out of their skills and people are getting the most out of that resource. Subjectively it all depends. I can spend $200 at the strip club and you may find that to be a waste but I may find it to be a wise investment. That is all subjective. The objective part will always be a barrier no matter what system. Even in socialized systems government will ration. Subjective part is tricky. To get past that people have to see if they getting their money's worth. Individually that is fine. But there is a desire to have government. With that you have to keep it as local as possible so that people are able to see if they are getting their money's worth and can change it if they want. That is all subjective. Sure, when FDR spent money to build the arch in St. Louis the people there in that area were excited as they were getting jobs. But people in other states far away weren't as they were not benefiting. Subjectively people saw that money being spent differently. Watch the video "Milton Friedman Crushes Man's Three Questions Like Dixie Cups". He talks about that. It isn't that I oppose socialist policies and government, I just want it to be localized.
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  8. In this context is it. You have to look at context with leftists.
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  9. "Isn't that the truth.' True. Just like Bernie will say "millionaires and billionaires" and later say "the 1%" and later say "the top 0.1 of 1%". They are all over the place with these numbers, but Kyle's moronic fans buy into it without question.
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  10. Daniel, you got a little triggered didn't you?
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  11. If it does happen no one will bail them out. When that happens we will recover within a year and no one will remember.
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  12. Kyle has no clue what he is talking about.
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  13. Another episode of "Kyle goes on an ignorant rant on economic issues in his bubble".
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  14. Boom and bust happen. How we recover is key. As history has shown when the federal government is hands off recovery is quick. When the federal government tries to "fix" the economy like it did in the 30s and in 2007 with massive spending, recovery is slow.
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  15. Kyle showed his economic illiteracy (again). The Glass-Steagel repeal did not cause the recession. As for student loans, the US has the best university system in the world. And almost anyone can go. I would take my loan for that.
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  16. SodaBoy628, recessions happen. How we recover is key. You talked about the 90 recession, Bush raised taxes which hindered recovery a little bit. Even at that the recession was short. The recession of 2007 was because of the housing market and lasted a long time because of the bail outs. What "deregulation" occurred?
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  17. I wonder what Kyle is going to say 6 years from now when the economy is still booming.
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  18. "In 1928, Americans thought that the economy would boom forever. Guess what happened a year later?" We had a recession. That happens. We have had many recessions. How we recover is key. What did Hoover and later FDR do? They increased the size of the federal government and push for massive spending which hindered recovery. In 1921 there was a crash just as bad as the one in 1929, the government did nothing. Within a year recovery happened which is why people felt in the 20s everything was going to be great. It would have been great if Hoover did not do anything.
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  19. StormCrown, I will see you i 6 years on this channel.
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  20. carlosdapaperboy, how am I a troll? I get called that constantly despite giving clear, coherent responses that are thought out, and at times have peer reviewed. I feel people call others trolls when they cannot argue the points.
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