40 replies to this topic

[typicalbear]

Oct 15, Treasury Dept reported that corp income tax receipts fell from $297 billion in 2017 to $205 billion in fiscal 2018, a drop of

31%.  The fed did, however, collect record individual taxes of $1.683 trillion in 2018.

[CLK]

 

 

 

 

 

I want Powell's head on platter...this is ridiculous...he literally wants a crash here to bring down the President.

 

There is no other way of looking at this on fundamental basis.

 

Fib

 

 

He is just doing his job.   This will ultimately be the best for the 99%, yes some will lose jobs, but for the rest they will still make the same money while cost of living is cut by 75%. The president has to put the short term blame on someone other than himself to ultimately do what he wants.

Trump doesn't really care about Wall Street, neither does Powell. The 400K home prices need to be halved. Not everyone can be engineers, Trump will bring manufacturing back to the states, so more people can have jobs. The biggest credit bubble in history has come to an end.

 

 

Complete and uneducated bull...he's not doing his job. These Statists have no business having this much power.

 

Again...tell me why when the economy is growing that we MUST raise rates when productivity offsets inflation? Why must we continue to use the 1970's model as the only one to work with?

 

The whole thing is ridiculous...incompetent...and anyone who believes that they are there to "help" us, should replace the word help with "screw" and you would then understand the treachery here.

 

They should take some time and see how businesses actually run in the private sector...darn elitists, darn them all.

 

Fib

 

 

 

Then raise the minimum wage to $20 an hour. The gap between CEO pay an the worker in the 50s was around 2-3 times, now we have to pay 20-30x while somebody works hard for $15-20. Wages just have not kept up with inflation. so bring down the cost of living and level the playing field.

High stock prices don't benefit the average person.

 

 

Why $20...why not $25...why not $50???

 

And then when technology is invented to replace minimum wage jobs, THEN what are you going to do?

 

Did you know that corporate tax revenue was an astounding 8 trillion dollars in November with the new lower tax rate of 21% compared with last year's 3.2 billion at 39%. Lower taxes means companies can pay higher wages to those who are QUALIFIED to do so. Minimum wage jobs are for those entering the job market...they are NOT to that of a living wage. 

 

Why are we even discussing this? This has nothing to do with incompetency by a body who doesn't know what the heck they're doing or are, in fact, putting the screws to those who they believe "don't deserve" the credit.

 

I'm done venting...let the market crash...throw the country into a depression...I could care less now....it seems that's what Socialist Democrats and the majority on this board want anyway.

 

Fib

 

 

 

Trump claimed the market - he own it now ( Personally Im getting tired of all the winning)

 

 

 

Back to minimum wage, I don't think that is really the problem, it's that people stuck in jobs for 20 years that give no more than 1% raises, that' where the real problem is, should be 4-6%. Where is all that 3.5 4% GDP going, in pockets of upper management.

Edited by CLK, 19 December 2018 - 04:53 PM.

[typicalbear]

Z. Very well said. Divide and conquer has worked for thousands of years, yet few still understand the playbook. So many smart people I know are getting caught up with all this political noise. It has always been and will continue to be a world for elites.

 

I believe we're going to be a 3rd world country with nukes.

[zoropb]

It sure has been RS.  The truth is right in front of everyone and they have no eyes to see or ears to hear it. 

 

This is all coming to a head within the next 11 years.  Too much is coming to the light against them. This is why they are desperate and trying all sorts of shinanagins, like stopping the first amendment every place truth is coming out. They call your free speech if not thier agenda "social unrest" talk and ban them all over YouTube, Facebook, Google search and Wikipedia is a joke now.  So is that soros funded fact checker BS and if anyone likes socialism. I have a good suggestion for them live in Cuba or Venezuela like a Cuban or a Venezuelan for a month and then tell me that is what you want. It is pretty talk from the socialist until they get power then it is all for them and you live like a slave like the people do in both those countries. I know it all to well. No one has a clue until they have lived it.  Go try it before you buy it because this time it is for all the marbles.

Edited by zoropb, 19 December 2018 - 05:16 PM.

[MDurkin]

 

It sure has been RS.  The truth is right in front of everyone and they have no eyes to see or ears to hear it. 

 

This is all coming to a head within the next 11 years.  Too much is coming to the light against them. This is why they are desperate and trying all sorts of shinanagins, like stopping the first amendment every place truth is coming out. They call your free speech if not thier agenda "social unrest" talk and ban them all over YouTube, Facebook, Google search and Wikipedia is a joke now.  So is that soros funded fact checker BS and if anyone likes socialism. I have a good suggestion for them live in Cuba or Venezuela like a Cuban or a Venezuelan for a month and then tell me that is what you want. It is pretty talk from the socialist until they get power then it is all for them and you live like a slave like the people do in both those countries. I know it all to well. No one has a clue until they have lived it.  Go try it before you buy it because this time it is for all the marbles.

 

Its all about evolving. Einstein said you can't solve the problems you have with the thinking that you used to create them= evolve. Humans use about 10 percent or so of their brains=evlove. The only real question is what are we evolving into.

[zoropb]

Some to a higher plane of consciousness and some will serve a not so pleasant false reality. 

 

 

The Matrix said it best, do you want the red pill (truth at all cost) or the blue pill and stay in the matrix serving it's master along with ignorance until it is swept away along with anyone that chose it.

[Dex]

 

 

I want Powell's head on platter...this is ridiculous...he literally wants a crash here to bring down the President.

 

There is no other way of looking at this on fundamental basis.

 

Fib

 

 

He is just doing his job.   This will ultimately be the best for the 99%, yes some will lose jobs, but for the rest they will still make the same money while cost of living is cut by 75%. The president has to put the short term blame on someone other than himself to ultimately do what he wants.

Trump doesn't really care about Wall Street, neither does Powell. The 400K home prices need to be halved. Not everyone can be engineers, Trump will bring manufacturing back to the states, so more people can have jobs. The biggest credit bubble in history has come to an end.

 

 

Complete and uneducated bull...he's not doing his job. These Statists have no business having this much power.

 

Again...tell me why when the economy is growing that we MUST raise rates when productivity offsets inflation? Why must we continue to use the 1970's model as the only one to work with?

 

The whole thing is ridiculous...incompetent...and anyone who believes that they are there to "help" us, should replace the word help with "screw" and you would then understand the treachery here.

 

They should take some time and see how businesses actually run in the private sector...darn elitists, darn them all.

 

Fib

 

Fib,

The socialist have won.  They own the news media, Hollywood, Colleges, Democrats and the RINOs.  They will tank the economy to get rid of Trump.

 

Building a wall on the southern border should be all politicians support - Clinton and Obama said they would do it in their State of the Union speeches.  Now the socialist are fighting it.

 

All nations rise and fall ... now it is our time.

[leverage4]

This is a truly strange thread.  To any first or second time visitors who may have happened by, please don't use this thread to assess the quality of the market analysis and forecasting that is this site's primary purpose.

 

Lev

[SemiBizz]

I wish they'd stop... I'm starting to turn bullish... Next week volume dries up, seen this movie over and over...

[tommyt]

"

I wish they'd stop... I'm starting to turn bullish... Next week volume dries up, seen this movie over and over..."

 

Semi, don't know how much you put into the quad witch print this Friday. Normally the weeks trend does NOT let up until the

Friday opening expo print is in the books...then after they have "cleared" out all of the calls in the open interest in this round, it can try and bounce. i.e. decent spots to expect turns. So, more pain for the patient and with any luck a turn by Friday/Monday.