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edjr

The S&P 500 is having its worst year so far in six decades.

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9 minutes ago, Shooter McGavin said:

Care to point out what I said is wrong or do you prefer to make random baseless accusations without a shred of evidence?

Start with the colleges got paid with the borrowed money already. Now it’s not getting paid back to the lender. So how you can think that’s not spending baffles me. If you lent your kid money and then decide they don’t have to pay you back does that mean you did not spend money? 

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13 hours ago, Shooter McGavin said:

 you don't understand finance.  

I cracked up

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11 minutes ago, craftsman said:

You say exactly Biden's words. Really dumb take. 

Tax and spend doesn't "pay for itself" you mindless liberal socialist. 

What about when you spend trillions with no new taxes to cover it?  That's bad, right?

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2 hours ago, Shooter McGavin said:

What about when you spend trillions with no new taxes to cover it?  That's bad, right?

When I was a teenager, I thought the Tax-and-Spend Dems were as bad as it gets. Then in my 30s, I encountered the Borrow-and-Spend Republicans and I realized there can be even worse.

At least the Dems had been willing to do the unpopular thing of asking people to reach for their wallets to pay for the poopsicles and endure the backlash. the Bushtards didn't care. Now the vast majority of both parties have fully embraced borrow-and-spend, except for a few stubborn holdouts like Manchin.

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4 minutes ago, Voltaire said:

When I was a teenager, I thought the Tax-and-Spend Dems were as bad as it gets. Then in my 30s, I encountered the Borrow-and-Spend Republicans and I realized there can be even worse.

At least the Dems had been willing to do the unpopular thing of asking people to reach for their wallets and for the poopsicles. the Bushtards didn't care. Now the vast majority of both parties have fully embraced borrow-and-spend, except for a few stubborn holdouts like Manchin.

Exactly.

I thought the bailout of the banks in 2008 was insane, initiated by Bush, completed by Obama, almost a trillion dollars.  But the covid bailout, not even a bailout, a focking hand out, blatant corruption, initated by Trump, completed by Biden, $4T, just insane.

It doesn't matter, D or R, you get corrupt pieces of sh!t in power and this is what happens.  Then they hoodwink the masses into blaming the other guy, so it can continue.

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45 minutes ago, Shooter McGavin said:

Exactly.

I thought the bailout of the banks in 2008 was insane, initiated by Bush, completed by Obama, almost a trillion dollars.  But the covid bailout, not even a bailout, a focking hand out, blatant corruption, initated by Trump, completed by Biden, $4T, just insane.

It doesn't matter, D or R, you get corrupt pieces of sh!t in power and this is what happens.  Then they hoodwink the masses into blaming the other guy, so it can continue.

Living in the past.  They aren’t the same anymore, on many issues. 2020 and beyond should have shown you that. You think Biden amd Trump are the same,MAGA and the squad too,  despite what’s right in front of your rum soaked nose. 

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13 minutes ago, Hardcore troubadour said:

Living in the past.  They aren’t the same anymore, on many issues. 2020 and beyond should have shown you that. You think Biden amd Trump are the same,MAGA and the squad too,  despite what’s right in front of your rum soaked nose. 

I never said Trump and Biden are the same, what I said is they both gave trillions of dollars to Americans within 2 years which was a major cause of the inflation we're seeing now.  Just about every economist agrees on this.  But you idiots want to just blame Biden, and then foolishly think that once Biden is gone everything goes back to awesomeness, which is foolish.

If they are the same at all, it's that they are politicians and will do anything to stay in power including engage in corruption.

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3 minutes ago, Shooter McGavin said:

I never said Trump and Biden are the same, what I said is they both gave trillions of dollars to Americans within 2 years which was a major cause of the inflation we're seeing now.  Just about every economist agrees on this.  But you idiots want to just blame Biden, and then foolishly think that once Biden is gone everything goes back to awesomeness, which is foolish.

If they are the same at all, it's that they are politicians and will do anything to stay in power including engage in corruption.

I Blame Biden for what he’s done. I blamed Trump for what I didn’t like that he did. And Biden has done a lot. I don’t couch it with “they’re all the same”. What a simple thing to say that’s not even close to being accurate. 

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7 minutes ago, Hardcore troubadour said:

I Blame Biden for what he’s done. I blamed Trump for what I didn’t like that he did. And Biden has done a lot. I don’t couch it with “they’re all the same”. What a simple thing to say that’s not even close to being accurate. 

You seemed to blame the market correction to Biden's clean energy policy.  That's just stupid.  But if you're willing to blame Trump for giving away trillions of covid money then good for you.

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13 minutes ago, Shooter McGavin said:

You seemed to blame the market correction to Biden's clean energy policy.  That's just stupid.  But if you're willing to blame Trump for giving away trillions of covid money then good for you.

I blame him for not having enough accountability for how the money went out. It’s not all a market correction. Someof it is a result of direct action. A correction is 10 pct. We’re way past that. 

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4 minutes ago, Hardcore troubadour said:

I blame him for not having enough accountability for how the money went out. It’s not all a market correction. Someof it is a result of direct action. A correction is 10 pct. We’re way past that. 

No, a correction is 10-20%.  We're at 20% and flirting with a bear market.

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MAKE THE RICH PAY THEIR FAIR SHARE :mad: 

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13 minutes ago, edjr said:

MAKE THE RICH PAY THEIR FAIR SHARE :mad: 

I always loved this one.  Liberals are fascinating people.

Its always the fault of someone else, and its always someone more successful than they are....

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3 hours ago, edjr said:

MAKE THE RICH PAY THEIR FAIR SHARE :mad: 

If you're talking about individuals, a Google search shows they pay the following

The Top 1% pays 38.8% of all income tax.    

The Top 10% pays 70.8% of all income tax.

If those numbers are correct, do you think it's enough ?


 

As a capitalist pig, it pains me to say this, but when it comes to US corporations, I'm with you.

https://www.cnbc.com/2022/04/14/how-companies-like-amazon-nike-and-fedex-avoid-paying-federal-taxes-.html

There's no way fortune 500 multinational corporations who've never been more profitable, should be able to avoid paying federal taxes.

If individuals have to pay (even if it's only say 10%) they should have to pay as well.

As far as I know, the only way to change this would be to change/streamline the approximately 7000 pages of IRS tax code. 

I don't see that happening anytime soon. Mainly because the CPA lobby would fight to the death to prevent it.

 

 

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7 minutes ago, easilyscan said:

If you're talking about individuals, a Google search shows they pay the following

The Top 1% pays 38.8% of all income tax.    

The Top 10% pays 70.8% of all income tax.

If those numbers are correct, do you think it's enough ?


 

As a capitalist pig, it pains me to say this, but when it comes to US corporations, I'm with you.

https://www.cnbc.com/2022/04/14/how-companies-like-amazon-nike-and-fedex-avoid-paying-federal-taxes-.html

There's no way fortune 500 multinational corporations who've never been more profitable, should be able to avoid paying federal taxes.

If individuals have to pay (even if it's only say 10%) they should have to pay as well.

As far as I know, the only way to change this would be to change/streamline the approximately 7000 pages of IRS tax code. 

I don't see that happening anytime soon. Mainly because the CPA lobby would fight to the death to prevent it.

 

 

sarcasm FTW

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On 5/12/2022 at 1:52 PM, Hardcore troubadour said:

Think he can get the Dow below 30 this summer? 

Damn. Missed it by a day. Good work on this Joe. Let’s se if we can get it to, let’s say 27 by New Years. Get er done! 

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19 minutes ago, Hardcore troubadour said:

Damn. Missed it by a day. Good work on this Joe. Let’s se if we can get it to, let’s say 27 by New Years. Get er done! 

Tell me you don't actually follow the stock market without telling me you don't actually follow the stock market.

 

🤣

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3 minutes ago, Sean Mooney said:

Tell me you don't actually follow the stock market without telling me you don't actually follow the stock market.

 

🤣

I follow it. You don’t obviously. You don’t even know what your pension has major holdings in. 

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4 minutes ago, Hardcore troubadour said:

I follow it. You don’t obviously. You don’t even know what your pension has major holdings in. 

🤣

Apparently you don't know that the stock market closed below 30,000 back in June. You also don't know it's about where it was now in December of 2020.

Please tell me what you know about my specific pension. Find some link to it. 

How many nurses do you have to help you function? 

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21 minutes ago, Sean Mooney said:

🤣

Apparently you don't know that the stock market closed below 30,000 back in June. You also don't know it's about where it was now in December of 2020.

Please tell me what you know about my specific pension. Find some link to it. 

How many nurses do you have to help you function? 

I set the benchmark as the end of summer. My subject, I get to do that. And 20 months of no growth. When’s the last time that happened? Nice work joe.  But hey, gas is down 30 cents a gallon. After going up 2 dollars a gallon. 

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9 minutes ago, Hardcore troubadour said:

I set the benchmark as the end of summer. My subject, I get to do that. And 20 months of no growth. When’s the last time that happened? Nice work joe.  But hey, gas is down 30 cents a gallon. After going up 2 dollars a gallon. 

So the stock market never ebbs and flows?

This is big news. ALERT the TimCast. 

 

Also, you ignored the other questions. HTH

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3 minutes ago, edjr said:

US housing recession could send home prices tumbling 20%, economist says

https://www.foxbusiness.com/economy/us-housing-recession-could-send-home-prices-tumbling-economist-says

 

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Tumbling from their actual worth or tumbling from what people were paying for them. Because people were regularly paying well above what the actual value of the homes were. 

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Just now, Sean Mooney said:

So the stock market never ebbs and flows?

This is big news. ALERT the TimCast. 

You’re calling this an ebb and flow situation?

🤣🤣🤣

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Just now, WhiteWonder said:

You’re calling this an ebb and flow situation?

🤣🤣🤣

You want to put in that the stock market never goes up and down too for a variety of factors?

Wow. You guys. 

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1 minute ago, WhiteWonder said:

You’re calling this an ebb and flow situation?

🤣🤣🤣

Gutterboy said it was a correction. 

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Just now, Hardcore troubadour said:

Gutterboy said it was a correction. 

There definitely was some market Correction that was bound to happen regardless of sleepy Joe but it’s been way more than a correction for a while now

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Hey guys everything ebbs and flows!  Just like illegals crossing the border, the numbers go up and down in the market and this has nothing to do about Biden.  It's PURE COINCIDENCE that the past two years just happen to coincide with Biden.

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8 minutes ago, WhiteWonder said:

Trust the Process

Build Back Better

 

the two most hilarious slogans of the last decade. 

Black Lives Matter is the worst

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8 minutes ago, Sean Mooney said:

You want to put in that the stock market never goes up and down too for a variety of factors?

Wow. You guys. 

You don't know anything about the market or finance.  You barely get away with teaching children English.  

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8 minutes ago, WhiteWonder said:

There definitely was some market Correction that was bound to happen regardless of sleepy Joe but it’s been way more than a correction for a while now

Exactly. We are looking at crash now. 

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Just now, Horseman said:

You don't know anything about the market or finance.  You barely get away with teaching children English.  

That's just "stoopid." Or maybe it's a "mute point."

Either way- I know far more than you and that's all you need to know or have said to you champ. 

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Just now, Sean Mooney said:

That's just "stoopid." Or maybe it's a "mute point."

Either way- I know far more than you and that's all you need to know or have said to you champ. 

Everyone knows you have a sh!t job, a mortgage and a car payment.  You're the example of what not to do.  

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Just now, Horseman said:

Everyone knows you have a sh!t job, a mortgage and a car payment.  You're the example of what not to do.  

"SAME OLD SHI!T! SAME OLD SH!T!"

I've basically ignored you for like a month and you have the same tired insults that mean nothing and don't effect me in any way. 

Just a massive big ol' yawn. That's all you are. 

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Just now, Sean Mooney said:

"SAME OLD SHI!T! SAME OLD SH!T!"

I've basically ignored you for like a month and you have the same tired insults that mean nothing and don't effect me in any way. 

Just a massive big ol' yawn. That's all you are. 

Ebbs and flows!  🤣

Nice market analysis there Buffett.  

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20 minutes ago, Sean Mooney said:

Tumbling from their actual worth or tumbling from what people were paying for them. Because people were regularly paying well above what the actual value of the homes were. 

Psssssstttttt.........The value of an item is whatever someone else is willing to pay for it.  So no, people aren't paying well above the value of the home.  The value of the home is exactly what someone was willing to pay for it.

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23 minutes ago, Sean Mooney said:

Tumbling from their actual worth or tumbling from what people were paying for them. Because people were regularly paying well above what the actual value of the homes were. 

Ooof.  🤣🤣🤣

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2 minutes ago, Strike said:

Psssssstttttt.........The value of an item is whatever someone else is willing to pay for it.  So no, people aren't paying well above the value of the home.  The value of the home is exactly what someone was willing to pay for it.

Real value vs perceived value.

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Just now, Horseman said:

Ooof.  🤣🤣🤣

Yeah, he literally just tore a page out of RLLD's book.  Anyone who pays more than those guys think a house is worth is committing fraud.  Yet no one is ever prosecuted for said Fraud.  Maybe those two could take a class on free market economics and get back to us. 

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