You act like the fed is a federal agency. I wonder how much could/would save if we didn't have to pay interest on the national debt to the fed. I'm all about fiscal policy/responsibility but the fed is a BS program to begin with. We need to bring the gold standard back or something of a similar nature. We have been losing purchasing power for from the moment the fed was signed into place in form of interest due on loans from a company we let control our national monetary policy instead of controlling it our self. Tell me a good reason we pay interest on a national debt. The fed prints money on our governments behalf and than charges us interest on it. WTF does that make sense.
The market is held up by 6 companies, all NASDAQ all tech. If trump and his administration go after big tech which they should, this market should and hopefully will decline.
Disclaimer. Not looking to wipeout wealth. Instead looking to get the stock prices of companies more closely related to the financial sheets, balance, income, etc. At the moment the prices are very over extended.
100% agree on Tesla. There's going to be a hard crash coming here soon BUT a saving grace (or maybe a better wording is buffer) is that once COVID panic has died supply chains can be rebuilt and many businesses across all sectors will see a boost from that.
Likewise, I've made a pretty penny too. But I'm cautious because I believe it's a bubble. One sector that I feel may not be hit AS HARD (will still be hit but not to the same degree as something like Apple) is gaming - largely because they've already taken a lot of their lumps from COVID and because so much of their business is done overseas in Macau. I actually believe companies like Wynn Resorts, Las Vegas Sands, etc. are currently undervalued and will rally as things normalize.
I don't know about how it'll look on a national level but last estimate I heard examining closures of small businesses focused on Manhattan and estimated something like permanent closure for 40% of small businesses. (In other words, the pure incompetence and partisanship of Cuomo and de Blasio has set one of America's powerhouse cities back by decades. They seriously just gutted it and it'll just rot from the inside out at this point unless people are given strong incentive to return - which likely won't happen if they do something astoundingly retarded like defunding law enforcement that will be desperately needed given how there will be immense poverty and poverty-related crime issues. It really wouldn't surprise me if 30 years from now we hear people talk about NYC the same way we talk about Detroit now.)
Anyway, with the whole businesses closing thing, I think the problem may (in the long run) not be as bad if we hardcore cut back regulations (and I mean really cut back) and allow market innovation to help fill the vacuum and ultimately see an uptick in new firms and businesses enter. But - of course - the Dems likely wouldn't much enjoy not having control over every little thing happening around them and would probably do everything in their power to create absurd barriers to entry.
Nothing says "Stocks should be higher than ever" than when major cities in the US are burning and historic numbers of people are behind on their rent and mortgages. The only way we can go higher would be a limited nuclear exchange.
That’s what happens when the fed prints money. You just lost half your purchasing power.
Well then we’ll just have to Make America Great Again... Again
I’m into that, I just started reading the Bible last month
P u r g e c o m m i e s
Doesn't printing money lead to economic collapse if it becomes rapid?
source: Weimar Germany, Zimbabwe, 1946 Hungary
True money printing has never been tried tho
I lol'd
You act like the fed is a federal agency. I wonder how much could/would save if we didn't have to pay interest on the national debt to the fed. I'm all about fiscal policy/responsibility but the fed is a BS program to begin with. We need to bring the gold standard back or something of a similar nature. We have been losing purchasing power for from the moment the fed was signed into place in form of interest due on loans from a company we let control our national monetary policy instead of controlling it our self. Tell me a good reason we pay interest on a national debt. The fed prints money on our governments behalf and than charges us interest on it. WTF does that make sense.
The market is held up by 6 companies, all NASDAQ all tech. If trump and his administration go after big tech which they should, this market should and hopefully will decline.
Disclaimer. Not looking to wipeout wealth. Instead looking to get the stock prices of companies more closely related to the financial sheets, balance, income, etc. At the moment the prices are very over extended.
Tesla to the fucking moon
100% agree on Tesla. There's going to be a hard crash coming here soon BUT a saving grace (or maybe a better wording is buffer) is that once COVID panic has died supply chains can be rebuilt and many businesses across all sectors will see a boost from that.
Speaking of markets, has anyone been paying attention to gold and silver prices? They keep going up and up.
Likewise, I've made a pretty penny too. But I'm cautious because I believe it's a bubble. One sector that I feel may not be hit AS HARD (will still be hit but not to the same degree as something like Apple) is gaming - largely because they've already taken a lot of their lumps from COVID and because so much of their business is done overseas in Macau. I actually believe companies like Wynn Resorts, Las Vegas Sands, etc. are currently undervalued and will rally as things normalize.
I don't know about how it'll look on a national level but last estimate I heard examining closures of small businesses focused on Manhattan and estimated something like permanent closure for 40% of small businesses. (In other words, the pure incompetence and partisanship of Cuomo and de Blasio has set one of America's powerhouse cities back by decades. They seriously just gutted it and it'll just rot from the inside out at this point unless people are given strong incentive to return - which likely won't happen if they do something astoundingly retarded like defunding law enforcement that will be desperately needed given how there will be immense poverty and poverty-related crime issues. It really wouldn't surprise me if 30 years from now we hear people talk about NYC the same way we talk about Detroit now.)
Anyway, with the whole businesses closing thing, I think the problem may (in the long run) not be as bad if we hardcore cut back regulations (and I mean really cut back) and allow market innovation to help fill the vacuum and ultimately see an uptick in new firms and businesses enter. But - of course - the Dems likely wouldn't much enjoy not having control over every little thing happening around them and would probably do everything in their power to create absurd barriers to entry.
And yet the first story that pops up on an Apple iPhone Stocks app is:
"Dow extends losses as it plunges 150 points amid...(blah blah blah)."
There should be a class taught to Americans for all the problems with this sort of shit reporting.
Nothing says "Stocks should be higher than ever" than when major cities in the US are burning and historic numbers of people are behind on their rent and mortgages. The only way we can go higher would be a limited nuclear exchange.