Hope the President does a good job for USA

[redwood66]

Yes well said @monarch64. Brokers aren't buying up all the stock they recommend to their clients. I am not selling my house even though I could make a sh*tpot of $ on it right now knowing things cannot maintain this upturn forever.

 

[monarch64]

I may not love @dancingfire political opinions but I’ll take whatever free financial advice I can get from the dude. He knows capitalism backwards and forwards!

 

[Dancing Fire]

I may not love @dancingfire political opinions but I’ll take whatever free financial advice I can get from the dude. He knows capitalism backwards and forwards!

Yup, capitalism comes with prosperity. Don't believe me? take a look at China's economy for the past 25 yrs.

 

[Arkteia]

https://www.washingtonpost.com/poli...1ac729add94_story.html?utm_term=.024b6fd227ab

“Why are we having all these people from shithole countries come here?” Trump said, according to these people, referring to African countries and Haiti. He then suggested that the United States should instead bring more people from countries like Norway, whose prime minister he met yesterday.

Why would Norwegians want to move to the US?

https://www.thenation.com/article/after-i-lived-in-norway-america-felt-backward-heres-why/

 

[monarch64]

DJT has only to look to the northern Midwest to find Scandinavian descendants and folks of Norwegian descent! He’s so stupid thathe’s ignored a major part of the voting popular and sadly some of his base in the rural areas. So many families of Scandinavian descent settled in the northern Midwest. They also happened to breed with Natives, French, French Natives, and basically any other race/ethnicity with whom they crossed paths. For our idiot person who currently occupies the Oval Office to encourage Norwegians to immigrate to the states? Beyond tone deaf and stupid. Norwegian people are, I’m pretty sure, laughing maniacally at the very thought of living here.

 

[t-c]

Wait, what? So DF is less credible because he didn’t sell his house and what, move somewhere else away from his family to make money off the economic downturn? He just explained if he’d had another home to move into besides a comparable 800 sq foot apt he would have. It didn’t make sense for him to sell and move into something smaller just for financial gain. What is wrong with that? Back in 2005 he was predicting the bubble burst because a lot of first time homebuyers were talking about getting into 100% financed homes or putting very little money down and potentially biting off more than they could chew. His advice was to avoid that lest the buyer end up upside down on the mortgage or lose a job and not be able to pay the mortgage period. That happened. Now he’s predicting another downturn and I don’t see what’s wrong with using his knowledge/opinions to factor into my decisions. Good grief, when I was 19 I was giving my dad stock tips on what were emerging brands and he was buying (and made a shit ton of money) based on my suggestions. I wasn’t purchasing stock. I was just up on what was happening and he took advantage of it. Did it make me less credible because I wasn’t buying the stocks I was recommending? I don’t think so.

Okay, read my post to @Bonfire that addresses your first point which I summarize as I did not ask whether he sold his house — and I quoted my original question — I merely asked whether he put his money where his mouth is. There were lots of ways to have made money on the housing market and stock market downturn if one knew ahead of time it would happen besides selling a house! The Big Short is an entertaining book that details several ways. Simply taking money out of the stock market ahead of the downturn is another.

The difference between your 19-year old self and DF 9 years ago is that I would bet DF had assets. If you were recommending stock to people but didn’t buy any when you had money to do so, I would not put much faith in your stock-picking credibility until you’ve demonstrated a pattern of picking winners (one is not a pattern).

Finally, I don’t give a shit whether you factor DF’s insight on the market in your decision to buy a house. I am asking him for my own reasons — had he said he’d backed his own prediction and won, maybe I would consider his predictions and reasons behind them more closely as I decide what to do with some money.

 

[monarch64]

Cool story, bro.

And edited to add: LOL. Why are you arguing for the pure sake of arguing? Seems like a lot of energy to expend on...what? I typically enjoy your well-thought-out posts here. Can’t get behind you on this particular trip, sorry.

 

[monarch64]

Tc, what you’re missing is that DF was never giving advice to people so they could profit nor was he intending to profit. So slow your damn roll and realize you’re arguing an entirely moot freakin point.

 

[Matata]

After bonus announcement, Walmart fires thousands of co-managers, replaces them with cheaper workers
The move comes after the mass closure of its Sam's Clubs stores.
After Walmart’s flashy announcement of bonuses of up to $1,000 for some of its workers, the real story played out quietly.

On Wednesday, as news of the bonus announcement was lauded by Trump and Fox News, Walmart abruptly closed down 63 Sam’s Clubs stores. More than 9,000 people lost their jobs. Some only learned about the decision when they showed up to work and found the doors locked.
On Friday, there was news of more pain for Walmart workers. The company confirmed to Business Insider that about 3,500 “co-managers” will be laid off across the country. They will be replaced by new, “assistant manager” positions, which would have a lower salary. The laid off workers will be able to “apply” for these new jobs.

As ThinkProgress reported, while the bonus announcement looked amazing it was much more complicated than it first sounded.

Walmart employees are eligible for the $1,000 bonus only if they’ve worked at the company for 20 years. Most Walmart employees, of course, haven’t worked there that long. Those employees will receive a smaller bonus based on seniority. Walmart didn’t explain exactly how the sliding scale will work, but said the total value of the bonuses will be $400 million. Walmart has about 2.1 million employees, which works out to be an average bonus of about $190.

The one-time bonus Walmart announced this morning amounts to just over 2 percent of the total value of the tax cut to the company.

In fiscal year 2017, Walmart had pre-tax profits of about $20.5 billion and paid an effective federal tax rate of around 30 percent. With a new corporate tax rate of 21 percent, the corporate tax cut is worth at least $1.85 billion to Walmart every year. Since this cut is permanent, the true benefits to Walmart will grow much larger over time. But it’s safe to say that, over 10 years, this corporate tax cut will be worth over $18 billion to Walmart.​

“Retail is changing rapidly and we are transforming to meet the needs of our customers…To help compete and win in this environment, we must make changes across our company to enable further investments in our strategic business priorities and growth,” Walmart said in a statement.

The company also announced it would raise its minimum wage from $10 to $11 per hour, an increase that was inevitable to keep pace with changing state laws and competitors who already pay more. The minimum wage increase amounts to just 5 hours of sales.

Walmart’s layoffs after presenting the corporate tax cuts as a boon to workers is part of a pattern of corporate misdirection. AT&T and Comcast also announced bonuses for their employees, while simultaneously laying off thousands.

https://thinkprogress.org/walmart-fires-thousands-after-bonus-annoucement-47df627e0e04/

 

[t-c]

Tc, what you’re missing is that DF was never giving advice to people so they could profit nor was he intending to profit. So slow your damn roll and realize you’re arguing an entirely moot freakin point.

Exactly what is your issue with me asking DF whether he put his money where his mouth is? I know him as someone who posts pretty idiotic (in my opinion) stuff and I've asked him to back those up. I've done the same thing with this one. Why are you (and @Bonfire) so offended/concerned that I questioned DF whether he was confident enough with his predictions to back them? So slow your damn roll and back off.

 

[Dancing Fire]

You forgot to mention this article.

http://www.chicagotribune.com/business/ct-biz-fiat-chrysler-michigan-plant-20180112-story.html​

 

[monarch64]

Exactly what is your issue with me asking DF whether he put his money where his mouth is? I know him as someone who posts pretty idiotic (in my opinion) stuff and I've asked him to back those up. I've done the same thing with this one. Why are you (and @Bonfire) so offended/concerned that I questioned DF whether he was confident enough with his predictions to back them? So slow your damn roll and back off.

Why? Because it's really not that deep, meaning not as deep as you tried to make it. And yeah, you just backed up why Bonfire and I are sooooo offended and concerned with your trolling DF. You don't favor his opinions and you're jumping on every. single. one. because of your own offendedness. That I have to explain this to you repeatedly is ridiculous. But one more time: his knowledge of economics and subsequent, solicited opinions have absolutely nothing to do with anything else. You are lashing out about something simply to lash out. It's bullshit. The end.

 

[Bonfire]

@t-c Opinions are just that, opinions. Everyone has them and they are as diverse as each of us. Agree or don’t agree that is your choice and right. However, your intolerance towards DF can be seen as alarming in your prejudice. Repeat antagonistic comments of putting his money where his mouth is (in your words) is accusatory and inflammatory and unnecessary. Calm down.

 

[Dancing Fire]

No worry I have thick skins.. She doesn't bother me...

 

[arkieb1]

Economists globally are predicting a downturn in stocks and your housing market, which will happen eventually it's a just a matter of when. Economics is cyclical, it doesn't take a crystal ball to know that. People that make the most money from those downturns take the most risks.

 

[Matata]

A reminder about what's coming due to the dotard's goal of building The Wall.

 

[House Cat]

A reminder about what's coming due to the dotard's goal of building The Wall.

No! He’s bringing jobs to the American people!! FAKE NEWS!!! FAKE NEWS!!! :::finger in ears::: nah nah nah nah neeee I can’t hear you!!!

 

[Tekate]

then take a look at their air quality, their young female suicide rate, they have universal healthcare, their monthly take home:

In the financial capital of Shanghai, which has the highest minimum wage in China, the monthly rate increased from 1,120 yuan in 2010 to 2,190 yuan (US$327) in 2016

Could you live on 327.00$ a month? dang my food bill is higher than that.

This is fun (not):

https://www.forbes.com/sites/sarahs...ans-need-to-move-faster-in-2017/#261017ec74db

air pollution:

https://cen.acs.org/articles/95/i4/Peering-Chinas-thick-haze-air.html

No worries because the Trumpski regime is ready to take us right to China, lower the minimum wage, burn coal, treat women as less.. Hell we might be China by 2020 at this rate.

Yup, capitalism comes with prosperity. Don't believe me? take a look at China's economy for the past 25 yrs.

 

[redwood66]

What would you do T if your government told you to stay in the city you were born? You can't move to Maine because you were born in Austin. I hardly see the US going down the road of China, but I think you know that. Thanks for the article, it was quite interesting.

 

[Dancing Fire]

In the financial capital of Shanghai, which has the highest minimum wage in China, the monthly rate increased from 1,120 yuan in 2010 to 2,190 yuan (US$327) in 2016

Could you live on 327.00$ a month? dang my food bill is higher than that.

T
You think $327 a month is bad?. About 30 yrs ago it was more like $60 a month. China has moved forward to become a capitalist country for the good of their citizens. Why does the left wanted the U.S. to be more like a socialist country? ...

 

[Tekate]

http://factsanddetails.com/china/cat9/sub60/item367.html

This is a phenomenal read DF.. China is become a mini USA, most of the wealth is held by the top 1%, but wealth was more evenly distributed through-out the 99% than in the USA, a good thing, but not great. In order for Chinese to get ahead they need to move into the city. China is a socialist republic. As the US outsourced their manufacturing to the world vs staying at home and employing Americans, China, Malaysia, Viet Nam, India have all had some rise in their economies, but as time has progressed as American workers lost, their wages went down, because finding a job was better than nothing.

I'm not a socialist per se. I am a proponent of sharing the wealth within a community. Which means I support socialized medicine and free education. I believe a healthy, well educated community is necessary for growth and stability. I don't believe that 1% of Americans should own 40% of America's wealth. Below is a very depressing article I think.

https://www.washingtonpost.com/news...-in-the-past-50-years/?utm_term=.81282eba3039

I have a bit of an abhorrence to inherited wealth. I know only one person who inherited great wealth who works, as a lawyer! (Harvard undergrad, Stanford law poor boy) he does work in the public sector. Of course he owns a 65 million dollar home in the Hamptons and a 45 million dollar brownstone in the Village, but he does go to work not in the family biz.. I give him that. Most of us normal people don't even come in contact with this class of Americans. I think Mr Lawyer could live comfortably on 2 million a year. Break his trust fund up and share the wealth. Inherited wealth is a bane on society. (This guy I know,he always always flies in a rented plane, does not like commercial airlines )

I believe in opportunity and upward mobility, but I also recognize not everyone can do it, some people either have bad luck, or perhaps aren't bright enough.. these people deserve a decent life I don't necessarily even disagree with public work for public assistance but not slave labor. I also believe this is a temporary time in our country due to the Great Recession, change in robotics, we are going thru an upheaval in how products are manufactured, computer programs and computers and robots will do much more in the future, we will not need truck drivers in 20-30 years, self driving trucks will be on our highways.. we all will be in self-driving electric cars, big changes coming slowly tho... Americans have to change with it.

ETA: https://study.com/academy/answer/what-type-of-goverment-does-china-have.html

 

[Calliecake]

Tekate, My husband and I we’re talking about this over the weekend. The next 20 years are going to bring about many changes that will affect many people’s employment. People are going to have to deal with change.

Did anyone else’s here find it strange that there were no comments from Trump on regarding Saturday’s Hawaiian missile alert? The entire state was in panic mode for nearly 40 minutes and he felt no need to make a statement. Hell this idiot didn’t even tweet about. I know, stupid me hoping at some point he will act presidential. He also still hasn’t said anything on what the people of California went thru last week as well.

 

[tkyasx78]

Today mueller got some WONDERFUL news.

trump had a military doctor certify that trump is still competent enough to stand trial.

Of course he wasnt tested for his many personality disorders but he did have the doctor certify that if he is put on trial he cannot claim his dementia was so bad it should be a factor in his outcome.

I am glad trump will not be able to avoid jail for his crimes ( from money laundering to fraud in his charity ect ) on the basis that his dementia is too advanced.
I am also glad that trumps debilitating bone spurs seem to no longer be an issue. He will be able to take long strolls around the yard to converse with his inmate buddies pain free ( from the spurs )

 

[Dancing Fire]

I'm not a socialist per se. I am a proponent of sharing the wealth within a community. Which means I support socialized medicine and free education. I believe a healthy, well educated community is necessary for growth and stability. I don't believe that 1% of Americans should own 40% of America's wealth.

T
Robbing the 1% er is not the answer working your way out of poverty is the answer. More people working equal more tax dollars into the U.S. Treasury then we can spend more to educate our kids and support our senior citizens.

 

[Dancing Fire]

trump had a military doctor certify that trump is still competent enough to stand trial.

For what??... anyhow maybe him and HRC can fight to see who gets to sleep on upper bunk.

 

[Tekate]

DF, point is, they can't, they are mentally ill, they are physically ill... Working your way out? there is no good way.. you want to pay for all the people who lost their jobs? you want to help them get an apartment in NYC, or LA, or St. Louis, people don't want to move. Quality of life...? it isn't simple, and this is my last word.. it's not easy in this country anymore.

T
Robbing the 1% er is not the answer working your way out of poverty is the answer. More people working equal more tax dollars into the U.S. Treasury then we can spend more to educate our kids and support our senior citizens.

 

[Dancing Fire]

More bad news for Dems...
http://money.cnn.com/2018/01/17/technology/business/apple-jobs-economy/index.html

https://www.nytimes.com/2018/01/16/us/politics/trump-health-exam-doctor-cognitive-test.html

 

[Dancing Fire]

.

Did anyone else’s here find it strange that there were no comments from Trump on regarding Saturday’s Hawaiian missile alert? The entire state was in panic mode for nearly 40 minutes and he felt no need to make a statement. Hell this idiot didn’t even tweet about. I know, stupid me hoping at some point he will act presidential. He also still hasn’t said anything on what the people of California went thru last week as well.

CC
I'll give you one guess on which political party is running Hawaii...

 

[Tekate]

https://www.vice.com/en_us/article/...ica-celebrated-tax-cuts-by-laying-off-workers

http://fox4kc.com/2017/12/20/hundreds-of-metro-att-employees-laid-off-just-before-christmas/

http://www.tribstar.com/news/update...cle_87b84942-fbcc-11e7-a095-b38c85807660.html

https://www.chron.com/business/ener...essure-for-hedge-fund-to-cut-300-12501936.php

https://www.nytimes.com/2017/12/22/business/economy/trump-steel-industry-layoffs.html

https://www.desmoinesregister.com/s...7-m-state-incentives-after-layoffs/987024001/

http://www.wafb.com/story/37268969/cbi-in-livingston-parish-to-lay-off-more-than-150-workers

https://thinkprogress.org/walmart-bonus-layoffs-ed187882b011/

Trump should be worried.

More bad news for Dems...
http://money.cnn.com/2018/01/17/technology/business/apple-jobs-economy/index.html

https://www.nytimes.com/2018/01/16/us/politics/trump-health-exam-doctor-cognitive-test.html

 

[Tekate]

http://www.foxbusiness.com/markets/...talysts-small-business-doesnt-see-coming.html

I know you don't read pointers to educating articles but this from the beloved by the right wingers Fox! tells what is happening right now for jobs.

More bad news for Dems...
http://money.cnn.com/2018/01/17/technology/business/apple-jobs-economy/index.html

https://www.nytimes.com/2018/01/16/us/politics/trump-health-exam-doctor-cognitive-test.html