10 replies to this topic

[.Blizzard]

https://www.marketwa...sent-2019-01-29

 

 

DoubleLine Capital founder Jeffrey Gundlach says there is further reason to be pessimistic about the outlook for the economy.

Wall Street’s bond king, a frequent market prognosticator, said in a Tuesday afternoon tweet that a reading of consumers’ future expectations relative to their current view on the market is the “most recessionary signal” and reflects one of the “worst readings ever.”

 

Gundlach didn’t specify the report he was referring to but his comments follow a reading of the Conference Board Consumer Confidence Index, which fell to an 18-month low amid the partial government shutdown that ended Friday after 35 days.

The consumer confidence index fell to 120.2 in January from a reading of 126.6 a month earlier, the privately run Conference Board said Tuesday. More ominously, an index that measures expectations six months ahead tumbled to 87.3 from 97.7, marking the lowest reading since before President Donald Trump won the presidential election in November 2016.

To be sure, the drop came as a government shutdown stretched well past its previous record and after the Dow Jones Industrial Average DJIA, +0.21% the S&P 500 index SPX, -0.15% and the Nasdaq Composite Index COMP, -0.81% staged a record-setting pre-Christmas session rout.

[MikeyG]

Consumer confidence fell in my opinion due to Socialism creeping in the US...

We have elected officials talking about 80 percent tax rates and people applauding it...

[ryanoo]

^marginal tax rate?   For example, if you pay 80% for the incremental income for an annual income beyond $1M, you are very fine.

 

This country right now is deep into the extreme right. US spends near the bottom in social programs among the developed countries.  Stop spreading disinformation.

"U.S. spending on social programs ranks among the lowest in 35 advanced economies, yet the country has the highest deficit relative to its GDP in the group. That is because the United States brings in the fifth-lowest total revenue as a share of GDP among those 35 countries.""

=> That is, US tax rate is very low:  31st out of 35 advanced economies in terms of total tax revenue relative to GDP.

https://www.foreigna...?cid=soc-tw-rdr

Edited by ryanoo, 30 January 2019 - 10:24 AM.

[typicalbear]

^marginal tax rate?   For example, if you pay 80% for the incremental income for an annual income beyond $1M, you are very fine.

 

This country right now is deep into the extreme right. US spends near the bottom in social programs among the developed countries.  Stop spreading disinformation.

"U.S. spending on social programs ranks among the lowest in 35 advanced economies, yet the country has the highest deficit relative to its GDP in the group. That is because the United States brings in the fifth-lowest total revenue as a share of GDP among those 35 countries.""

=> That is, US tax rate is very low:  31st out of 35 advanced economies in terms of total tax revenue relative to GDP.

https://www.foreigna...?cid=soc-tw-rdr

 

Ditto....

 

Maria Bartilomo interviewing Kudlow yesterday asked him: "if Trump wins in '20, do you think he will attack those entitlements?"

Lack of leadership = lower confidence.

[MikeyG]

^marginal tax rate?   For example, if you pay 80% for the incremental income for an annual income beyond $1M, you are very fine.

 

This country right now is deep into the extreme right. US spends near the bottom in social programs among the developed countries.  Stop spreading disinformation.

"U.S. spending on social programs ranks among the lowest in 35 advanced economies, yet the country has the highest deficit relative to its GDP in the group. That is because the United States brings in the fifth-lowest total revenue as a share of GDP among those 35 countries.""

=> That is, US tax rate is very low:  31st out of 35 advanced economies in terms of total tax revenue relative to GDP.

https://www.foreigna...?cid=soc-tw-rdr

 

 

Won't be good for those small business owners who want to employ more or expand....

 

Government will waste the money and get fat and rich in the process, socialism always fails...

Edited by MikeyG, 30 January 2019 - 02:07 PM.

[MikeyG]

 

^marginal tax rate?   For example, if you pay 80% for the incremental income for an annual income beyond $1M, you are very fine.

 

This country right now is deep into the extreme right. US spends near the bottom in social programs among the developed countries.  Stop spreading disinformation.

"U.S. spending on social programs ranks among the lowest in 35 advanced economies, yet the country has the highest deficit relative to its GDP in the group. That is because the United States brings in the fifth-lowest total revenue as a share of GDP among those 35 countries.""

=> That is, US tax rate is very low:  31st out of 35 advanced economies in terms of total tax revenue relative to GDP.

https://www.foreigna...?cid=soc-tw-rdr

 

Ditto....

 

Maria Bartilomo interviewing Kudlow yesterday asked him: "if Trump wins in '20, do you think he will attack those entitlements?"

Lack of leadership = lower confidence.

 

 

He should attack the entitlement abuses that are rampant....I have seen it first hand. 

 

When I was preparing taxes years ago for a large chain, we used to get people who would call us, find out what the max EIC is and stop working when they hit that number....

 

Or people would "sell" SS cards and you claim those kids lived with you to max out your refund....

 

if you incentivize people to keep below a certain income to qualify for programs they will... 

[typicalbear]

 

 

^marginal tax rate?   For example, if you pay 80% for the incremental income for an annual income beyond $1M, you are very fine.

 

This country right now is deep into the extreme right. US spends near the bottom in social programs among the developed countries.  Stop spreading disinformation.

"U.S. spending on social programs ranks among the lowest in 35 advanced economies, yet the country has the highest deficit relative to its GDP in the group. That is because the United States brings in the fifth-lowest total revenue as a share of GDP among those 35 countries.""

=> That is, US tax rate is very low:  31st out of 35 advanced economies in terms of total tax revenue relative to GDP.

https://www.foreigna...?cid=soc-tw-rdr

 

Ditto....

 

Maria Bartilomo interviewing Kudlow yesterday asked him: "if Trump wins in '20, do you think he will attack those entitlements?"

Lack of leadership = lower confidence.

 

 

He should attack the entitlement abuses that are rampant....I have seen it first hand. 

 

When I was preparing taxes years ago for a large chain, we used to get people who would call us, find out what the max EIC is and stop working when they hit that number....

 

Or people would "sell" SS cards and you claim those kids lived with you to max out your refund....

 

if you incentivize people to keep below a certain income to qualify for programs they will... 

 

 

Theft isn't an entitlement.

[qqqqtrdr]

Agree with Mikey here...  Attack entitlement abuse and close Tax loopholes for the wealthy to increase the amount of Taxes we have coming into the government, then look to change the programs..

[typicalbear]

Agree with Mikey here...  Attack entitlement abuse and close Tax loopholes for the wealthy to increase the amount of Taxes we have coming into the government, then look to change the programs..

 

Yes...lets eliminate the foundations and trusts that allow the rich to live tax free.  Further, under the "middle class tax cut", my daughter with two children got a $2800 increase, Warren Buffet got a $23B tax cut and the NFL commissioner, who makes $50M, got a $2.5M tax cut, etc....So to have the rich , like Maria B, blame entitlements for $1T deficits is absolutely outrageous.

[MikeyG]

The vast majority got a tax cut under the TCJA....

And if they were the minority that did not, they can share in the wealth with record stock market....

Dow back up 25000!