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Opinions & Editorials Discuss The U.S. economy is solid, but there’s no ‘Trump bump’ at the General Forum; Speaking of Eclipsing, here is an enterprising company that refuses to be "eclipsed." In Texas, the last baseball-glove maker Nokona ...

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Old 08-16-2017, 08:54 AM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

Speaking of Eclipsing, here is an enterprising company that refuses to be "eclipsed."
In Texas, the last baseball-glove maker Nokona refuses to die

THE LAST BASEBALL GLOVE MAKER IN THE USA!!!
This little brick factory isn’t supposed to be here. It should be in the Philippines, or Vietnam, maybe China. Not here, in the heart of Texas.

Baseball gloves, like many other things, aren’t really made in America anymore. In the 1960s, production shifted to Asia and never came back. It might be America’s favorite pastime, and few things are more personal to baseball-lovers than their first glove – the smell, the feel, the memory of childhood summers. But most gloves are stitched together thousands of miles away by people who couldn’t afford a ticket at Fenway Park. One company didn’t get the memo.



The Trump bump aside, companies that find ways to stay alive are the stuff, the right stuff, of Americana. This is what I'm talking about when I say we need to let American business do business in America. Stop incentivizing their departure with overbearing taxes and government regulations.
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Last edited by FrancSevin; 08-16-2017 at 09:02 AM..
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Old 08-16-2017, 10:40 AM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

Quote:
Originally Posted by mlurp View Post
GetAClue, you need to understand that Relators and lenders were making false applications for buyers. Stating they earn much more than they did, so they could buy the dwellings.

That is what brought the housing market down, plus as you stated junk bonds....
I never claimed otherwise. However, it is the responsibility of the buyer to know what they are investing in. Sure, these slime ball realtors and lenders were very unethical, but that does not excuse the buyer for "taking their word for it".


Quote:
Originally Posted by mlurp View Post
Many smaller banks did fail, remember!
Yes they did, just as the big banks should have. But Bush and the Washington elites, along with their buddies on Wall Street, couldn't let that happen. They had too much to lose.

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Originally Posted by mlurp View Post
The markets would reset but the players would have dropped trillions which would not reset.
Yes they would have. However, had the government stayed out of it, it would have recovered much quicker. Do you recall the 1920 Depression? Statistically, it should have been worse than the Great Depression of 1929, but because Harding drastically cut government spending, the depression only lasted a few months.

You can read about it here:

https://fee.org/articles/the-depress...-of-1920-1921/

From the article:

Quote:
Yet this tough love was not administered after the 1929 crash, as Robbins explained: “In the present depression we have changed all that. We eschew the sharp purge. We prefer the lingering disease. Everywhere, in the money market, in the commodity markets and in the broad field of company finance and public indebtedness, the efforts of Central Banks and Governments have been directed to propping up bad business positions.”
And here is another good article about it:
Depression Before the Great Depression | rayharvey.org
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Old 08-16-2017, 12:00 PM
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Default Re: The U.S. economy is solid, but there’s no ‘Trump bump’

Quote:
Originally Posted by GetAClue View Post
I never claimed otherwise. However, it is the responsibility of the buyer to know what they are investing in. Sure, these slime ball realtors and lenders were very unethical, but that does not excuse the buyer for "taking their word for it".




Yes they did, just as the big banks should have. But Bush and the Washington elites, along with their buddies on Wall Street, couldn't let that happen. They had too much to lose.



Yes they would have. However, had the government stayed out of it, it would have recovered much quicker. Do you recall the 1920 Depression? Statistically, it should have been worse than the Great Depression of 1929, but because Harding drastically cut government spending, the depression only lasted a few months.

You can read about it here:

https://fee.org/articles/the-depress...-of-1920-1921/

From the article:



And here is another good article about it:
Depression Before the Great Depression | rayharvey.org
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sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE
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