tashoya
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Post by tashoya on Feb 13, 2018 23:18:41 GMT -5
If history is any indication, 13% is optimistic. And forgive me if I don't remotely buy the assessments from the analysts at Morgan Stanley if their assessments directly equate to stock prices trending northward. Let's put a nice bow on it and find out what Jim Cramer thinks. Do sane people still believe that [insert bank here] analysts have any interest in providing fair and unbiased information to investors? I remember being at a trading desk pre-open (1999, I think) and some ridiculous firm (PWC, IIRC) giving Qualcomm a price target of 1000. This was in the days when MM weren't required to execute transactions pre-open. But, while the analyst from the firm that gave the price target was being interviewed on CNBC for such a "remarkable" upgrade at around 9 AM EST, the same MM was sitting on the inside offer and handing out executions in the high 6's for no other reason than they wanted to sell at that price. I loved being a trader in some ways but having family members ask me what to buy and sell and when and me telling them that they were pretty much as qualified as I was to make those determinations wasn't one of them. They always thought I was holding out on them as if I had some secret. Odd and uncomfortable. I always told people like that to buy no load mutual funds. I could have used you at some family parties! I had one of my uncles and one of my dad's cousins angry at me at one holiday get together because they had lost more than they could afford to lose and I hadn't "helped" them. They didn't exactly like my explanation that anyone telling them to buy or sell something probably was in the interest of the person talking as opposed to the person funding the move. I really do miss the actual job but not the ancillary drawbacks. I'm not sure that there's a happy medium but I'd probably be happier professionally if I could find one.
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Deleted
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Post by Deleted on Apr 9, 2018 10:00:50 GMT -5
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hoyarooter
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Post by hoyarooter on Apr 9, 2018 19:34:17 GMT -5
Yeah, that $3.00 increase per pay check makes all the difference. Viva Trump.
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Deleted
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Post by Deleted on Apr 11, 2018 11:05:51 GMT -5
Transcript: Paul Ryan announces his retirement from Congress politi.co/2GQ4Zld After ushering in an era of trillion dollar deficits (in a bull market), "budget hawk" Paul Ryan is likely to ride off into the Sunset... Thx Paul...
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Post by Deleted on Apr 20, 2018 10:46:39 GMT -5
Paul Ryan used to walk around with a print out of the National debt... Then Trump got elected.
Thx Fiscal Conservatives....
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Post by Deleted on Apr 23, 2018 9:56:10 GMT -5
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Deleted
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Post by Deleted on Apr 30, 2018 13:58:45 GMT -5
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SSHoya
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"Forget it Jake, it's Chinatown."
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Post by SSHoya on Apr 30, 2018 16:41:25 GMT -5
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tashoya
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Post by tashoya on May 1, 2018 8:16:34 GMT -5
Which has always been the fallacy that is "trickle down" economics. Very little, if anything, trickles down. One of my Georgetown roommates used to call it trickle up poverty. In retrospect, I can't say that he was wrong. The job creation myth is another one that fiscal conservatives peddle that is not based in reality. Still, while Rubio says that, he votes for the tax cut anyway. Way to gut it out, Marco.
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SSHoya
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"Forget it Jake, it's Chinatown."
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Post by SSHoya on May 1, 2018 8:40:40 GMT -5
Which has always been the fallacy that is "trickle down" economics. Very little, if anything, trickles down. One of my Georgetown roommates used to call it trickle up poverty. In retrospect, I can't say that he was wrong. The job creation myth is another one that fiscal conservatives peddle that is not based in reality. Still, while Rubio says that, he votes for the tax cut anyway. Way to gut it out, Marco. I'm no expert on economics but I always read about Sam Brownback's failed experiment in Kansas and how he wrecked that state with his tax cuts. Rubio trying to position himself for another run in 2020, no doubt. He recognizes that he can do a 180 on the issue later and there will be no accountability for it.
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Deleted
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Post by Deleted on May 1, 2018 10:50:45 GMT -5
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Post by Deleted on May 1, 2018 11:01:34 GMT -5
And another one... US borrows half a trillion dollars, in a quarter, during a bull market...
CBO sees U.S. budget deficit rising to $1 trillion by 2020
Earlier on Monday the Treasury said net borrowing totaled $488 billion from January through March, a record for that period and about $47 billion more than it had previously estimated, according to a statement released in Washington. The end-of-March cash balance was $290 billion, compared with an initial estimate of $210 billion.
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Post by Deleted on May 15, 2018 11:38:05 GMT -5
Companies to return a record $1 trillion to investors this year in form of buybacks and dividends, estimates S&P www.cnbc.com/2018/05/01/companies-to-give-back-1-trillion-to-investors-this-year-sp.html?__source=sharebar%7Ctwitter&par=sharebarPublicly traded companies in the U.S. could do something they have never done before. Through the end of April, S&P 500 companies are on track to give back a record $1 trillion to investors through dividend increases and stock buybacks, according to data compiled by Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. "Given the environment, availability of cash, increased income expectations, and the 'desire' of companies to show shareholder return, the return to a double-digit actual cash payment gain (year-over-year) seems feasible, along with the first trillion-dollar year of dividends and buybacks for the S&P 500," wrote Silverblatt in a note Monday.
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Post by Deleted on May 22, 2018 15:29:58 GMT -5
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Post by Deleted on May 30, 2018 18:18:11 GMT -5
California is growing faster and outperforming the U.S. in: – Job growth – Manufacturing – Personal income – Corporate profits – The total return of its bonds bloom.bg/2IXanE3
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hoyarooter
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Post by hoyarooter on May 30, 2018 19:38:24 GMT -5
California is growing faster and outperforming the U.S. in: – Job growth – Manufacturing – Personal income – Corporate profits – The total return of its bonds bloom.bg/2IXanE3 But, but, but, according to our esteemed chief executive, the California economy is a shambles. Therefore, this couldn't possibly be true.
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SSHoya
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"Forget it Jake, it's Chinatown."
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Post by SSHoya on May 31, 2018 7:11:12 GMT -5
California is growing faster and outperforming the U.S. in: – Job growth – Manufacturing – Personal income – Corporate profits – The total return of its bonds bloom.bg/2IXanE3 But, but, but, according to our esteemed chief executive, the California economy is a shambles. Therefore, this couldn't possibly be true. By way of contrast, don't forget about Brownback's failed experiment in Kansas. HOLLIDAY: We were told that we were going to get jobs and that our economy would grow, and none of them ended up happening. What did happen was we had nine consecutive rounds of budget cuts. We had three credit rating downgrades as a state. We saw stagnation compared to our neighbors in the region and in the rest of the country. GOODWYN: Brownback had promised the tax cuts could spur up to 25,000 new jobs a year but that proved wildly optimistic. Kansas actually lost jobs the first year. Roads went from a 10 to a 50-year maintenance schedule. Nevertheless, the legislature was still forced to raid the State Employees' Retirement Fund, then it raised the sales tax twice. With the state lagging behind its neighbors economically, public school financing a mess and budget chaos in the Capitol, Governor Brownback's popularity fell off a cliff. Last year, a wave of moderate Republicans swept into office at the right wing's expense. They partnered with Democrats, rescinded Brownback's tax cuts and overrode his veto. After four years, the great Kansas tax experiment was over. MELISSA ROOKER: I'm a Republican, so I get it. We want government to have a minimal footprint on our lives, but that doesn't mean that we want to live in an anarchy that has no government. www.npr.org/2017/12/13/570387479/kansas-2012-tax-cut-experiment-could-serve-as-a-cautionary-taleThe regretful Republicans of Kansas have a message for the tax-cutting Republicans of Congress: Don’t follow our lead. If states are, as Justice Louis Brandeis famously called them, the laboratories of democracy, then Kansas’s experiment in conservative tax reform set off an explosion of red ink. Steep cuts for businesses and individuals failed to produce a promised economic boom, and busted the state’s budget instead. Now, the GOP legislators that oversaw—and ultimately cancelled—that fiscal study are increasingly worried that Washington will ignore its central finding. A tax-reform plan from the White House and Republican congressional leaders mirrors the structure of the legislation Kansas passed, and it’s been accompanied by the same confident assurances that it will “pay for itself” with economic growth. “That won’t work, so you better learn our lesson,” warned Kansas state Senator Barbara Bollier, a Republican who voted against the tax cuts originally and then fought to undo them earlier this year. At the behest of conservative Governor Sam Brownback, Republican majorities in Kansas in 2012 set the state’s income tax on a “march to zero” and eliminated taxes on companies whose owners filed their taxes as individuals—a loophole exploited by thousands of businesses that resulted in plummeting revenue to the state’s coffers. Brownback, a former U.S. senator and presidential candidate, hailed the policy as “a real-live experiment” in conservative governance. But in the eyes of all but Brownback and his staunchest supporters, the test failed. Economic growth never materialized, and the state legislature could not summon the political will or overcome legal roadblocks to cut spending to match the lower revenue. With annual deficits in the hundreds of millions, Kansas has been mired in a perpetual budget crisis ever since. www.theatlantic.com/politics/archive/2017/10/tax-trump-kansas/542532/
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Deleted
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Post by Deleted on Jun 25, 2018 9:36:25 GMT -5
-Only 4% of workers got pay raises, mostly in one-time bonuses
-Pay raises were less than 10% of corporate tax savings
-Shareholders got 69 times as much from stock buybacks as worker pay raises
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Post by Deleted on Jun 29, 2018 10:03:31 GMT -5
“As the economy gears up, more people working, better jobs and careers, those revenues come rolling in and the deficit, which was one of the other criticisms, is coming down,” Kudlow said in an interview with Fox Business. “And it's coming down rapidly. Growth solves a lot of problems.”
In a report released earlier this month, the non-partisan Congressional Budget Office said the federal deficit had expended by $97 billion this year compared to last year.
Government spending surged 6 percent relative to last year, the CBO said, while revenues only increased 3 percent. In a separate report this week on the 30-year budgetary outlook, the CBO projected a massive increase in deficits. The national debt was projected to double by 2048, far surpassing the highest historical debt burden in U.S. history.
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Post by Deleted on Jun 29, 2018 17:44:16 GMT -5
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