DOW record

[farming101]

The DJIA set a 123 year high today. Ho Hum

[ajl]

The US stock market is helping me stay on the farm though 4 disappointing years in a row and keeping many seniors in pension these. How long till its over nobody knows. Like the farmland market it has gone higher and lasted longer than I expected.

[errolanderson]

It is still an expansion only because it has been fueled by leverage.

The record-breaking U.S. stock market is now a zombie market (IMO). Many companies simply would not exist without cheap money. Also, equity markets are simply being dictated by money flow. It is not led by actual healthy returns and strong GDP growth. Next round of corporate earnings released may be an eye-opener for investors. The U.S. now appears sliding into recession with a ballistic acceleration in public debt.

But Trump’s re-election may depend on the stock market holding-up into 2020. He appointed two dovish governors this week to battle Powell on consequences of economic reality.

[grassfarmer]

Warning signs.

http://www.ft.com/content/a3226476-9dc7-11e9-b8ce-8b459ed04726 http://https://www.ft.com/content/a3226476-9dc7-11e9-b8ce-8b459ed04726

[Oliver88]

The DJIA set a 123 year high today. Ho Hum

Closed at 26994 yesterday.
Interesting how wrong CNN and other Trump hating media were with their prediction about the Dow tanking after Hillary lost the election.
It closed at 18,332.74 on November 8, 2016.

[furrowtickler]

But but Trump is soooooo bad according to CNN and MSNBC and Rachel Madcow !!!!!!!!!!!

[Guest]

Well the whole world is wrong
Stupid bugers all wanna invest in the USA with trump running it , go figure ?

[Ache4Acres]

It is still an expansion only because it has been fueled by leverage.

The record-breaking U.S. stock market is now a zombie market (IMO). Many companies simply would not exist without cheap money. Also, equity markets are simply being dictated by money flow. It is not led by actual healthy returns and strong GDP growth. Next round of corporate earnings released may be an eye-opener for investors. The U.S. now appears sliding into recession with a ballistic acceleration in public debt.

But Trump’s re-election may depend on the stock market holding-up into 2020. He appointed two dovish governors this week to battle Powell on consequences of economic reality.

Errol, can’t the same be said of most large farms and farmland in Canada? Most would not exist in current state or at current prices without all the cheap money. Trump is pushing for more punch in the punch bowl with lower rates and more money printing. Quite the. Tweet from
Him

[biglentil]

The bubble must be kept inflated at all cost. Years of artificially low interest rates and QE has lead to massive misallocation of capital. It is quite the monetary experiment we are living in, unfortunately it never ends well.

[beaverdam]

The bubble must be kept inflated at all cost. Years of artificially low interest rates and QE has lead to massive misallocation of capital. It is quite the monetary experiment we are living in, unfortunately it never ends well.

You're so right.
There was a fork in the road years ago, One direction was to take responsibility for poor financial policy and face the reality of government promises of free this and free that,(to assure re-election) but not tax the population enough because they would never get elected in the first place.
The other fork direction, was to stick fingers in your ears chant lalalalalalalala, not care about debt, in fact get elected by campaigning for even more debt. We all know which fork direction global governments took.

[helmsdale]

Party on!

[malleefarmer]

Artificially low interest rates?? Not sure the world, consumers bussiness and moms and dads could handle the alternative?

Just asking.

Rates got cut by reserve bank of australia to 1% a few weeks back.

People have to borrow and spend sadly not happening with low interest rates and definately wouldnt happen with higher rates.

Im no economist far smarter guys on here than I

[malleefarmer]

On economics, we had a election in australia about 6 weeks ago.

The right of politics called liberal party here yep opposite than yours and left called labor party.

As i mentioned a while back the right moved more to the right tax cuts, less govt spending, pro mining, pro bussiness,cheaper costs of living and anti climate change/paris agreements etc etc probably all aimed at middle australia. Keep economy steady and stable.

The left pro climate change, more govt spending,a inheritance or death tax, free education , way higher tax for the higher income bracket, lift in minimum wage etc, tax on retirees investments ban mining over a period of time plus many more. But govt would have to borrow shitloads of money to keep it agenda policies intact.

Distinct differences for first time in about 15yrs a "line in the sand"

Conservatives or liberals had been in for 2 terms.

Suggested would be almost a landslide to labor as is happeneing all over the world voters moving to the left well exact opposite happened and they got increased majority.

Lots of rhetoric from the left pollies wereas right was just low key steady as she goes. Supposed to be unloseable election for the left.

Commentators suggest it has worldwide ramifications.....i doubt it but is or was suggested voters are moving back to right/mainstream ideologies. Who knows?

[farming101]

New all time record this morning.....

[furrowtickler]

New all time record this morning.....

So how is that possible if the financial system about to completely fail according to some ?
Or is there a logical reason ? Just asking cause it don’t make much .