German 10 year bund at a paltry 40 basis points. If feel terrible for all you twenty somethings and teenagers And my children. You all are going to have it a lot harder than I did. We could argue for days on why that is. I respect you Goldy so I won't go too far.

Building a wall is an already failed strategy. In border cities, drug cartels repeatedly tunnel under the walls to ship their product into the US. The electronic walls to track illegal immigrants have failed so badly that Bush gave up on funding them.

All Trump will do is increase the deficit with a proven failed idea. The Republicans already tried it and showed how little it worked.

You can't say 08 was the slowest rebound in history when that recession pales in comparison to the Great Depression. QE and low interest rates helped create a real recovery. Compare America to the Euro zone or Japan for example.

You call this a real recovery. You should go back to Econ 101. Flooding the market with liquidity and lowering the value of the dollar inflated hard asset prices. That's not real. Now with the EU and Japan lowering rates and on the verge of more QE it's not allowing for the US to raise rates. We are in uncharted waters and things could go south very quickly

Wait till the Chinese and Russians start selling all the real estate they bought at whatever cost to get their money out of the currency. NY real estate is already starting to soften and so is SF.

But Goldie actually specializes in economics.

I know he does. I've been in the markets since before Goldy was born though

Wait did ssorenn just mention the Chinese housing bubble that's going to destroy their economy when it pops?

@ssorenn
"Sustained growth needs free markets" I admit your modified assertion is a little bit more difficult to refute, but lack of refutation does not mean proof.
"Then what happened after '45" My guess is that USSR bureaucracy became monster-sized.

So, well, yes, I can admit that free markets are a good thing, and that excessive government is a bad thing....

Fortunately for you, Hillary (if she wins) is not even socialdemocrat as Bernie. She won't be against free markets at all.

On the other hand, what is excessive government? As someone pointed above, you trumpists might do well to give a look to (sp. northern) european social democracies.

Employment is back around normal levels. That's a huge improvement. Now growth expectations are a major problem, but I would claim those are systemic and not cyclic in nature.

*that is to say low growth expectations

@Randomizer
"All Trump will do is increase the deficit with a proven failed idea." No, because the cost will be payed by mexican go...HA HA HA, sorry.

All Trump will do is... wait for years to see if mexican gov. maybe builds five meters of wall.

No seriously, I'd expect an increased number of migrants shut by the border patrol, which won't slow illegal migration any little bit.
HINT: migrants are not there just cos they want to.

The real unemployment level is not what is published every first Friday of the month. That does not account for all the people who have left the workforce and or no longer looking for full time employment. A lot of companies hire part time employees so they don't have to offer benies or healthcare
Vashta always the retard. I'm talking about the US real estate purchased by Russian and Chinese

Ssorenn - two things. First, thanks for the respect. Believe me, I value your perspective on this two. Second, a little miscommunication on my part. '01 was the slowest recovery in history up until that point. The Great Recession absolutely was slower (and of course Great Depression is an entire different ballgame. We're talking recessions here, not depression).

Interested to hear about the Russians and Chinese pulling out. Part of their reason to keep money here is to 1) Keep it out of their governments reach and 2) As a store of value. And both are doing fantastically well.

But believe me, I'm very negative on the economic future, for many of the reasons you gave. We just disagree on the underlying cause

Goldy. Regulatory issues are not the sole reason we are where we are. We can agree on that. I am a firm believe in free markets. That said, there are many more underlying issues that continue to haunt us. Many too many to discuss in this forum. I type slow so it's hard for me to get my point across before I lose focus ( old age). :((.

As far as the Russian oligarchs and the wealthy Chinese as well as many oil baron middle easterners, have been buying US real estate for many years. They were willing to pay a premium to buy it and will sell at a discount at some point. Why? It gets their money out of their currency and into US dollars. That's a real good reason. The buy and sell for them will cost upwards of 30-60 percent but they don't care. They want green backs. They have been buying residential and commercial and even industrial property and at some point will flood the market with it. Don't know when, but if the economy starts to turn, they will put supply on the market that has little demand and watch out.

"Dismayed by Donald Trump, Michael Bloomberg Will Endorse Hillary Clinton"
http://mobile.nytimes.com/2016/07/25/us/politics/michael-bloomberg-hillary-clinton-dnc.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&referer=https://t.co/fIFjz96BeU

Arguably under regulation is part of the problem. Typically, monied interests are successful at staving off rules that keep private interests from making money at the expense of the public. Absent regulation, companies will always screw over the public to make money, so we are missing a lot of regulations, for example to protect the environment or workers that would leave the economy as a whole better off while shaving private profits. Take a look at Wall Street which delivers little to the wider economic benefit but is quite successful at redistributing money to itself. Deregulation played a huge role in the financial collapse of 2008 which resulted in massive losses to the economy even as Wall Street firms did very well. Regulatory capture plays no small role here. Unless we can cut back severely on the distorting effects of corporate power in forming law, we aren't going to have a properly functioning free market. Free markets do not function without rules and referees. If they did, Somalia would be fantastically wealthy. It isn't

More information from the DNC leak scandal: http://www.thegatewaypundit.com/2016/07/detailed-list-findings-wikileaks-dnc-document-dump/

Lots of corruption here. Really exposes the Democratic Party.

Also Obama's brother has endorsed Donald Trump!!!!

While Michael Bloomberg, New Yrok billionaire and former mayor is endorsing Clinton

And if you are slightly surprised that parties put their fingers on the scale for establishment candidates, you don't have much political experience

Somebody most of the country never heard about and no one has ever paid attention to endorses a particular candidate people didn't expect because of their relatives? No way man, that would swing my vote.

A Kenyan man with traditional African-Christian values supports a conservative politician? No way, totally could have fooled me.

Note: Yes, Malik is Muslim, but Kenya is primarily Christian, and the values of the country are the same as in most Christian African countries.

A lotta people respect Bloomberg, if that's what you're talking about, Prado.

Also, Ogion, as someone who has worked for every one of the main bank regulators, I think the term regulatory capture is used a bit too lightly. And often, the problems are farther up the chain. In 2006, had we looked through the banks books, we would've seen a whole lot of investment grade housing bonds on the books. That's no fault of regulatory capture.

@ssorenn, basically you're saying I should start shorting the US real estate market again haha. Or at least wait before buying real estate in nyc

I was talking about Malik Obama with the comments. I know Bloomberg is actually followed by a number of Americans.

"A lotta people respect Bloomberg"

-Lol this is was the guy that taxed 2 liters of soda. Talk about the nanny state politician. He and Clinton will do well together.

ND - he was trying to prevent Americans from being fat fucks by pricing the cost of being a fat fuck into the market - which is actually the most efficient way to do so, economically

N-A-N-N-Y_S-T-A-T-E