Is the economy already tanking?

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BlueSmoke said:
No. Just wanted to make sure whatever data is pulled, that the aspect of women working was evaluated for its effect on the data. May only be able to note it, because putting a value on its affect would be tough.
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Add this to your data. In 1970, minimum wage was 1.60 and would now be the equivalent of over 13 dollars an hour. Federal minimum wage now is 7.25. That seems like it would make a difference as well.
 
The truly sad part is they are doing all this chaos, stupidity and cruelty for what purpose? For deficit reduction, for increased defense or infrastructure spending, for child care, technical education for working clas, child tax credits, forgivenss of some studen loans, child tax credits, ncreased cancer research etc.

No, they are doing al this to fund a 4.5 trillion ridiculous and appalling tax cut/extension for super rich, including billionaires liuke Peter Thiel, Eloin Musk and Jeff Bezos and large corporations already raking in massive profits and sitting on massive cash hordes with cash flow flooding them with even more.

Looks like there is a class war already going on: plutocrats and large corps vs middle/working and lower classes.
 
heelslegup said:
The truly sad part is they are doing all this chaos, stupidity and cruelty for what purpose? For deficit reduction, for increased defense or infrastructure spending, for child care, technical education for working clas, child tax credits, forgivenss of some studen loans, child tax credits, ncreased cancer research etc.

No, they are doing al this to fund a 4.5 trillion ridiculous and appalling tax cut/extension for super rich, including billionaires liuke Peter Thiel, Eloin Musk and Jeff Bezos and large corporations already raking in massive profits and sitting on massive cash hordes with cash flow flooding them with even more.

Looks like there is a class war already going on: plutocrats and large corps vs middle/working and lower classes.
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I asked several days ago that if after all the cutting, all we get are tax cuts for the uber rich and the deficit still grows…will the Trump supporters be okay with it?
I haven’t gotten reply yet but I would be interested in honest answers to that question.
 
ChileG said:
I asked several days ago that if after all the cutting, all we get are tax cuts for the uber rich and the deficit still grows…will the Trump supporters be okay with it?
I haven’t gotten reply yet but I would be interested in honest answers to that question.
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You wont get a reply, and if you do it will have zero rigor. After the “I’m king” proclamation I asked how don’s claim was in keeping with democracy and rule of law. Zero response. I reupped the exact same post after don claimed he makes the laws. Zero response.

They want a king. They want to be subjects. Insecurity makes folks very susceptible to attaching themselves to perceptions of strength, while that same insecurity renders them almost entirely incapable of identifying strength.
 
heelslegup said:
The truly sad part is they are doing all this chaos, stupidity and cruelty for what purpose? For deficit reduction, for increased defense or infrastructure spending, for child care, technical education for working class, child tax credits, forgiveness of some student loans, child tax credits, increased cancer research etc.

No, they are doing al this to fund a 4.5 trillion ridiculous and appalling tax cut/extension for super rich, including billionaires like Peter Thiel, Elon Musk and Jeff Bezos and large corporations already raking in massive profits and sitting on massive cash hordes with cash flow flooding them with even more.

Looks like there is a class war already going on: plutocrats and large corps vs middle/working and lower classes.
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Spot-on The Trump tax cuts in his first term were done to spur investment, shortly after which, investment declined
There is nothing stimulative about cutting taxes for the wealthy s they won't spend any m,ore than they are now.. The great depression was a time during which money fled to the hands of a smaller number of people, and they didn't spend it quickly enough to get the economy moving, which is what worries me now.
 
evrheel said:
Spot-on The Trump tax cuts in his first term were done to spur investment, shortly after which, investment declined
There is nothing stimulative about cutting taxes for the wealthy s they won't spend any m,ore than they are now.. The great depression was a time during which money fled to the hands of a smaller number of people, and they didn't spend it quickly enough to get the economy moving, which is what worries me now.
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The uber rich do invest-but it is crazy stuff like crpto-Twitter-the latest AI craze. Maybe the AI craze will result in good things-but it will be owned stock, lock and barrel by a few already extremely rich folks. Maybe one could open a factory in Ohio and give some folks jobs?
 
mpaer said:
The uber rich do invest-but it is crazy stuff like crpto-Twitter-the latest AI craze. Maybe the AI craze will result in good things-but it will be owned stock, lock and barrel by a few already extremely rich folks. Maybe one could open a factory in Ohio and give some folks jobs?
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Rich people getting a tax cut… and then…Open a factory and give people a job….
That would be like “trickle down” correct?
 
Centerpiece said:
What’s the word?… Duh? That’s it… a big fat duh.
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I couldn't click through, but a summary of the article basically said some models are predicting decline along the lines of the great recession, if not worse.
 
altmin said:
www.telegraph.co.uk

Economists are starting to worry about a serious Trump recession

Tariffs on America’s neighbours and assault on federal government will hit US economy
www.telegraph.co.uk www.telegraph.co.uk

Economists are starting to worry about a serious Trump recession​

Tariffs on America’s neighbours and assault on federal government will hit US economy
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“This is what he campaigned on.”

I wonder if we will see the MAGAs say that about the recession, if it materializes. Because they absolutely did vote for it. Trump was very open about his plans and economists were very open about what his plans would do to our and the world economy. They voted for it anyway.
 
ChileG said:
“This is what he campaigned on.”

I wonder if we will see the MAGAs say that about the recession, if it materializes. Because they absolutely did vote for it. Trump was very open about his plans and economists were very open about what his plans would do to our and the world economy. They voted for it anyway.
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Nah, they were voting to keep that trans woman out of the pool. Who can worry about the economy when a woman from Africa with high testosterone levels is allowed in an Olympic boxing ring with a cute girl from Italy. Get a grip, dude!
 
Ok, so I mentioned that I was going to buy some SPY put options. I finally did a couple of weeks ago and bought several most of which expire in 2-3 months. I am only doing this with a few thousand dollars.

But, I wanted to play around with one short term contract so I bought SPY that expires tomorrow at a strike of 590. It cost $200 or so. S&P was trading even at around 593 or so I decided to cut my losses and sell this afternoon.

Then like almost f'ing immediately the bottom dropped out. It is 587 right now.

This was just play money (I lost maybe $100) and the longer options are looking good but I knew it would go down as soon as I sold the put option.
 
altmin said:
HEADLINE IS DECEIVING. SHOULD SAY "MIGHT BE ABOUT BITCOIN"


gizmodo.com

Musk and Trump’s Fort Knox Trip Is About Bitcoin

More than a stunt, the Fort Knox visit might be a chance for the President to change the price of gold and dump the price hike into cryptocurrency.
gizmodo.com gizmodo.com
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If there is one thing we can be certain of, whatever Trump does will be a horrible decision.

That said, I may have to buy some bitcoin just in case they dump gold to buy bitcoin. I don't want to. I don't believe in bitcoin but they may just push the price to the stratosphere.

Trump is such a grifter.
 
altmin said:
HEADLINE IS DECEIVING. SHOULD SAY "MIGHT BE ABOUT BITCOIN"


gizmodo.com

Musk and Trump’s Fort Knox Trip Is About Bitcoin

More than a stunt, the Fort Knox visit might be a chance for the President to change the price of gold and dump the price hike into cryptocurrency.
gizmodo.com gizmodo.com
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The US is valuing its gold reserves at $42 an ounce? Notwithstanding the idiotic idea to dump a bunch of taxpayer money into Bitcoin, why wouldn't we mark the value of our gold to market? It doesn't solve the debt problem, but an extra $800 billion wouldn't hurt. Of course it they don't use it for crypto, Trump and his minions will probably try to factor it into their tax cut for rich people.
 
Enigma94 said:
The US is valuing its gold reserves at $42 an ounce? Notwithstanding the idiotic idea to dump a bunch of taxpayer money into Bitcoin, why wouldn't we mark the value of our gold to market? It doesn't solve the debt problem, but an extra $800 billion wouldn't hurt. Of course it they don't use it for crypto, Trump and his minions will probably try to factor it into their tax cut for rich people.
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Looks like valuing the gold at market price would harm other investments in the market. If I am reading this right.
fortune.com

Repricing US gold reserves would be bullish for the market, signaling the precious metal is not a 'barbarous relic,' analyst says

If US gold reserves were priced at the current market rate, the value would top $750 billion.
fortune.com fortune.com
 
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