Helpful ReplyHot!Give me all your moneys

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psu_fish
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Re: Give me all your moneys 2021/03/29 08:48:28 (permalink)
MyWar
Bunch of armchair economists up in here.

Looks like conservative scare mongering about inflation has replaced conservative scare mongering about “the deficit”.

 
LOL. I value your opinions less than the mid 2000s Zimbabwean Dollar
 
DeadGator401
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Re: Give me all your moneys 2021/03/29 12:12:50 (permalink)
BloodyHand
MyWar
Bunch of armchair economists up in here.

Looks like conservative scare mongering about inflation has replaced conservative scare mongering about “the deficit”.

Hate to be the bearer of bad new, but inflation is an actual real thing. Do I need to post a bunch of links to show this to be a fact............lol.
#gettaclu
 
BH


Probably the 5th or 6th comment I've seen around here in the past month or so talking about posting sources for claims. (Albeit it in a negative manner)  
I'm thrilled that independent thinking has entered peoples minds and random claims aren't just instantly accepted anymore. Even as a joke, you're thinking it - which is a great thing.
DarDys
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Re: Give me all your moneys 2021/03/29 12:50:41 (permalink)
It doesn’t take links, just getting a passing grade in Econ 101, to know that if taxes on businesses are raised, prices will go up, and inflation will occur.

While businesses pay the taxes per se, they include it in their COGS (cost of goods sold), so, in essence, they really only serve as the conduit for passing the taxes on to the ultimate consumer. With the proposed tax hike from 21% to 28%, that means a minimum of a 7% increase. The reason this is only a minimum is that many businesses use a COGS + percentage formula to price their goods or services. What results is that base 7% X whatever percentage markup. For some businesses, this is extremely low, like grocery stores (not including meat and produce) that may be in the 2% — 5% range; mid range, like non-clothing retail that may be in the 25% — 33% range; or high end percentages, like from manufacturers, that may be 50% or more. This percentage markup is also made on the increased taxes, thereby further increasing prices.

Without wages keeping pace with the prices, inflation happens and buying power decreases. If wages increase to compensate, and it is not consistent across all businesses, inflation gets worse because some sectors now have another increase in COGS.

The poster formally known as Duncsdad

Everything I say can be fully substantiated by my own opinion.
DeadGator401
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Re: Give me all your moneys 2021/04/16 13:16:58 (permalink)
Heh, Dogecoin is insane. I don't have many, but man is it fun to see go up and down.
Elon is tweeting about it again. It's crazy. a good buddy offloaded around 10k coins on a sale once it hit .8. He's lost his mind when it his .38 this morning. 



Porktown
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Re: Give me all your moneys 2021/04/16 16:36:04 (permalink)
Speculation trading is how you end up with a heart attack before 50...  
eyesandgillz
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Re: Give me all your moneys 2021/04/17 10:23:47 (permalink) ☄ Helpfulby crappiefisher 2021/04/17 11:25:02
Porktown
Speculation trading is how you end up with a heart attack before 50...  




Just like loaning $ to "friends and family," only do it if you are ok with losing it all. ...
eyesandgillz
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Re: Give me all your moneys 2021/05/02 11:47:11 (permalink) ☄ Helpfulby psu_fish 2021/05/12 09:42:47
psu_fish
MyWar
Bunch of armchair economists up in here.

Looks like conservative scare mongering about inflation has replaced conservative scare mongering about “the deficit”.

 
LOL. I value your opinions less than the mid 2000s Zimbabwean Dollar
 




I wonder if mywar will believe it now?
 
https://www.yahoo.com/finance/news/warren-buffett-we-are-seeing-substantial-inflation-and-are-raising-prices-220539307.html
 
I'm guessing no and will keep on being a socialist schill.
Porktown
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Re: Give me all your moneys 2021/05/04 11:42:13 (permalink)
I thought the tech growth stocks were taking one in the rear last week.  VIX is up 18%...  Day traders are likely reconsidering their hobby.
psu_fish
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Re: Give me all your moneys 2021/05/12 09:10:50 (permalink)
Hey libnut (myWar).....
 
Inflation surges in April as consumer prices leap 4.2%, fastest since 2008 
Consumer price index April 2021: (cnbc.com)
DeadGator401
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Re: Give me all your moneys 2021/05/12 11:53:02 (permalink)
psu_fish
Hey libnut (myWar).....
 
Inflation surges in April as consumer prices leap 4.2%, fastest since 2008
 
Consumer price index April 2021: (cnbc.com)



Now now, you of all people shouldn't be calling people names. 
Porktown
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Re: Give me all your moneys 2021/05/12 14:11:42 (permalink)
Stonks have been taking it in the pooper too.  Hopefully this is the correction that we need to have healthy long term.
 
I don't have any bonds (directly).  I have some funds that have bonds.  I am wondering if it is a good time to get into them?  Interest rates are going up if inflation gets out of hand.  Not sure when it is considered out of hand though?  They had predicted temporary inflation was unavoidable after the pandemic.  Companies obviously cut production, so simple demand being higher than supply always raises prices.  Hopefully they don't stay high when supply catches up.  This gas pipeline hack is going to take its toll too.
 
JM2
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Re: Give me all your moneys 2021/05/12 14:51:46 (permalink)
With the threat of inflation, and rising interest rates. Why would you think bonds would be a good investment choice. You obviously do not understand how bonds work. As the interest rate go up the price of the bond falls, or inversely, as the bond price falls the interest rate on the bond goes up. 
 
Wouldn't it be better to buy bonds when the interest rate on bonds are high, and the price of the bond is low? 
Porktown
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Re: Give me all your moneys 2021/05/12 21:35:13 (permalink)
JM2
With the threat of inflation, and rising interest rates. Why would you think bonds would be a good investment choice. You obviously do not understand how bonds work. As the interest rate go up the price of the bond falls, or inversely, as the bond price falls the interest rate on the bond goes up. 
 
Wouldn't it be better to buy bonds when the interest rate on bonds are high, and the price of the bond is low? 


First off, you are correct, I don't understand bonds.  Going off of what I have put together with growth stocks tanking from the 10 year treasury rate moving higher.
 
I probably should have said "time to prepare to get into bonds", I have no intentions to run out and buy any right now.
 
If there seems to be rising interest rates on the horizon, it is probably a good idea to shift investments from growth stocks that rely on low interest rates to bonds.  I am pretty sure that correct thinking?
 
JM2
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Re: Give me all your moneys 2021/05/12 23:02:31 (permalink)
Well if you fully understand what you are investing in, and it still seems like a great idea to you, then knock yourself out. I don’t think I would do it that way, but like any market, for every buyer there’s a seller.
r3g3
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Re: Give me all your moneys 2021/08/05 15:54:47 (permalink)
Weell shifty ole Joe is sticking to his word of no tax increase for those under $400,000.
Just asking for a mileage tax on your cars--guess thats different - idiot.
Wonder how much more fishing trips are gonna cost ?
 
 
 
 
 
 
 
 
DeadGator401
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Re: Give me all your moneys 2021/08/05 23:33:08 (permalink)
r3g3
Weell shifty ole Joe is sticking to his word of no tax increase for those under $400,000.
Just asking for a mileage tax on your cars--guess thats different - idiot.
Wonder how much more fishing trips are gonna cost ?
 


What if you don't own a car and make under 400k a year?
ICE NUT
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Re: Give me all your moneys 2021/08/06 14:27:56 (permalink)
Do you buy food,gas,clothes,anything ,everything is up in costs.Thats a pretty good tax on anybody no matter what you earn don't you think??? And it's all sleepy creepy Joe and the Ho's fault because of there policies. Im sure the blue kool-aid drinkers will come back with their economic knowledge od everything and say it ain't so!!
Porktown
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Re: Give me all your moneys 2021/08/06 15:12:46 (permalink)
First off, she is more like a hukr, since she received payment for her acts.  Hoes do it just for enjoyment.  
 
Second, current inflation is due to supply chain shortages from the vast majority of businesses running skeleton crews the past year and not wanting to waste resources making things that no one was buying.  It is simple supply and demand economics.  People are now buying, but at a much faster pace than things are being made and stockpiles are being replenished.  It will eventually be caught up and prices will go down.  Blaming Biden for that is the same as blaming Trump for the economy crashing in the first place.  I doubt you are doing that?  But somehow, it is Biden's fault now?  Neither are responsible.  The recovery, regardless of who is in power, is going to be a 4-5 year plan, possibly longer with how horribly run our two party system has become.  Regardless of how good an idea is for our citizens, the other party will do whatever they can to block it.  We saw it with Trump, Obama, Bush, etc.  It just gets worse every year.
 
You can certainly argue that many of Joe's policies will put us deeper.  I tend to agree, if that is what you are saying.  We won't know that for years though.
Irisheyeball
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Re: Give me all your moneys 2021/10/26 12:18:19 (permalink)
"Be fearful when others are greedy...."
Watching the markets and thinking it's about time for some rebalancing.  Though I don't put a lot of stock in the causal relationship of government actions vis a vis market swings, I'm suspicious that the anticipation of pending spending bills being passed is driving a run-up.
Porktown
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Re: Give me all your moneys 2021/10/26 13:00:57 (permalink)
China's domestic economy makes our current inflation and supply chain issues (mostly due to China), look like a raging bull market.  Their draconian response to covid, their vaccines not being effective and the trade war with the US all happening at the same time, really crushed their middle class and ability for companies like Everygreen to mass plan like they did.  We are so interdependent on China's economy, that we may end up in their downward spiral with them, regardless of any policies.  Put that together with how much money has been printed during the pandemic by both the previous and current admins, the skyrocketing price of oil and commodities and the fears of raising interest rates on a fragile economy will not curb inflation are not good signs for the market at all.  Put that in with the real estate bubble that is definitely going to pop, crushing consumer confidence (seeing their home prices plummet) and investors of REITs taking a hit.  Add the buffooneries of our current day politicizing of everything.  We could very well be in line for a depression like collapse.  Which is a time when fortunes can be made though...
 
BTW - I think Trump's best accomplishment was standing up to China.  I don't know the exact details of the trade war itself, but I was for it and it looked like a good idea.  No one knew Covid was coming and that combining would cause China to go into a tailspin.  
post edited by Porktown - 2021/10/26 13:34:33
psu_fish
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Re: Give me all your moneys 2021/10/26 14:52:13 (permalink)
This unrealized capital gains tax is something. They claim its only for the 1%, I don't believe that for one millisecond. 
 
 
 
Porktown
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Re: Give me all your moneys 2021/10/26 15:57:57 (permalink)
psu_fish
This unrealized capital gains tax is something. They claim its only for the 1%, I don't believe that for one millisecond. 
 

I'm with you PSU.  I think they will focus it on the 1% to pass the legislation.  The 1%'s teams of attorneys and accountants will find the loopholes that I am sure will be in it for the certain campaign contributors in the 1%.  Everyone of the 1% will have it figured out, likely before they have to pay an extra dime in taxes, but spend $Ms on attorneys and accountants to not have to pay the extra taxes.  How do they continue to keep funding the programs after that?  Most likely, "since we already have this set up for capital gains, we should just say all capital gains, regardless of income, make it universal"...  So maybe longer than a millisecond...  
 
I used to get fired up about the 1% rally cries, but seems to be all they are, ever were  and ever will be, are rally cries.  Any legislation "aimed at them", seems to never accomplish "them paying their fare share" and often just adjusts the system a bit.  Until they remove all private money out of politics, they should just stop talking about the rich "paying their fare share".  I've just come to accept that until money is removed from politics, taxes and the financial system as a whole will be completely favored to that 1%.  There will be some table scraps.  As a "smart dog", I have figured out what part of the table to hide for a piece of those scraps.  I'm sure my piece isn't nearly as big as some, but I'm done sitting on the other side of the house barking at passing cars.  Any change in system, just seems to be less table scraps for use house dogs.
post edited by Porktown - 2021/10/26 17:04:00
genieman77
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Re: Give me all your moneys 2021/10/26 16:49:11 (permalink)
Porktown
  will be completely favored to that 1%. 




It's the "golden rule", Pork 
 
"the ones with the most gold, rule
 
been that way for millennia.  
to quote a wise man,
 
"There's nothing new under the sun"
 
..L.T.A.
EMitch
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Re: Give me all your moneys 2021/10/26 21:40:56 (permalink)
Porktown
 
BTW - I think Trump's best accomplishment was standing up to China.  I don't know the exact details of the trade war itself, but I was for it and it looked like a good idea.  No one knew Covid was coming and that combining would cause China to go into a tailspin.  




Not exactly true, Pork. Fauci knew. Look up his speech of January 10th, 2017, (before Trump's inauguration), where he stated that the US would probably face a pandemic. He said "in fact, the next administration WILL face a pandemic". It was on C-Span.
I haven't put any stock in anything Fauci said since.
 




If you agree with the Progressive Democrats, that's freedom of speech. If you disagree, it's hate speech and racism.
Porktown
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Re: Give me all your moneys 2021/10/26 23:14:33 (permalink)
He has predicted, rightfully so, for every President that he has served that there would be a potential pandemic. AIDS, SARS, swine flu, bird flu, Ebola, Zika, and I am sure others all faced US Presidents and is exactly what he references in said speech. I’m sure you listened to all of it and knew that already though, not just whatever right wing nut job that took it out of context. Fauci’s job before being in the headlines has always been to warn about potential public health outbreaks and how to stop/slow them. He has been doing it since the 80s I believe. If something isn’t within our borders, most didn’t give a flying F, what he had to say. I surely didn’t, can’t say that I really even remember hearing his name until March or April 2020. If it doesn’t leave the news cycle in a week, most don’t give a flying F. This time, his warning came true. He must be behind it all then, I clearly don’t remember him, so he must be new. He collaborated with China. Probably the deep state too?

He has been waiting 40 years, knowing Trump was going to be President to pull this. It was all part of the plan, pioneered by Marty McFly???

If you really think this was some sort of intentional “China virus”, do you think maybe China would have had a vaccine or cure to it, prior to destroying their economy, before releasing it? That is what the conspiracy theories said back at the beginning, but somehow they still don’t have??? They are on the brink of collapse. China is 90% the source of our supply chain issues. Their vaccines aren’t reliable. They aren’t even remotely close to heard immunity. Any time a town has over a certain infection rate, they shut down everything, all of the factories that our companies rely on, and their localized economies that they rely on for every day survival. This is why Evergrande failed and why their entire country’s economy is in a tailspin. As noted by the trade wars, again that I supported, it had already weakened China’s economy and rightfully so for $Bs from US companies in reverse engineering products, copy write and other flat out stealing. You add that to the original Covid shutdowns. Then other nations having success with vaccines and they aren’t and in need of supplies from shut down factories. Our economies wanting/needing those parts and pieces, theirs unable to provide. It is to a point where they may actually need financial support from us and others. Which is insane for them being the source of Covid.

Well, actually that is the deep state and Fauci, my bad Who must have done it to destroy China. But that would be something Trump wanted, so that couldn’t be true. It has to be something that was targeted to destroy Trump too. Can you check the QAnon database for whatever batchit crazy idea to plug in here? Maybe something about lizard people, drinking blood, satan and pizza? I’m sure at least a few of you have a response about flat Earth or something that can explain this in a MAGA format.
genieman77
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Re: Give me all your moneys 2021/10/27 07:15:09 (permalink) ☄ Helpfulby fishin coyote 2021/10/27 08:19:02
I've never understood the grand conspiracy thing.
If everyone is in cahoots with tentacles so wide and far  reaching, seems it would be a whole lot easier, simpler and less involved to  just cap the  guy.
 
..L.T.A.
 
 
Porktown
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Re: Give me all your moneys 2021/10/27 07:36:14 (permalink)
With how many people are supposedly in cahoots, social media and other channels to expose themselves, I imagine there would be a heck of a lot more proof and reliable unbiased sources reporting it. You would think there is at least one or two in cahoots that have big mouths? A snippet of a speech taken out of context then spread by far right groups, obviously is all we need…
MyWar
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Re: Give me all your moneys 2021/10/27 08:59:58 (permalink)
I seriously doubt the unrealized capital gains tax will get passed as part of the budget bill.

For a lot of folks who are hyper critical of the media, you all tend to fall hook, line and sinker for these kinds of mini media firestorms that dominate the news cycle for awhile and then disappear into the ether.

There so much speculation about what’s going to be in this bill, but it’s kind of silly to get too worked up until it’s known for certain. To get this thing passed it’s going to require some serious concessions to manchin and sinema, and I can’t imagine either of them going for anything that’s too crazy controversial.
MyWar
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Re: Give me all your moneys 2021/10/27 10:36:08 (permalink)
And if I’m wrong, and it does make it into the bill, keep in mind the unrealized capital gains tax would only apply if income is over $100 million for three years in a row, or over $100 billion in a single year.

And playing the “they will eventually make the middle class pay the same tax” game is a HUGE leap in logic. It’s a slippery slope fallacy because there are no logical steps that connect point A to B to C. This is the kind of fear mongering BS that people like Tucker Carlson push in bad faith.
Porktown
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Re: Give me all your moneys 2021/10/27 11:25:20 (permalink)
As said, until they get money out of campaigns, this is just political rally cry. If they somehow pass it, the 1% will have it defeated in courts. Legislation is now unfunded, where do they turn for the funding? Always easiest to go after the largest group of tax payers without the means of “defending” themselves against a politically paid for judicial system, no?
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