Pepe
Well-Known Member
- Joined
- Aug 1, 2018
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Yeah I was just being snarky again. I was just trying to poke a hole in their expertise. I think of the stim as an extra tax return. We really need to stop bailing big companies and banks out tho.Seems to be something that works in crises and SOP these days.
Though not sure what has to do with bubbles. Not talking QE, just stimulus. QE infinity started way before all this.
i used to play in a band that toured europe pretty frequently, and they've got this stuff called Club-Mate that is the JAM. Yerba mate that drinks like a soda. Its wild. Also had a Cola-Mate.
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As Dr Fauci said, models are based on assumptions and are only as good as those assumptions.Plenty who believe and jump on every little thing they hear who are sheep to the media. This thing is serious and we should be safe. See what gets shared on social media and some people are very naive. Still hoping models are wrong and things get better quickly.
You call it passive when I'm watching the market every second of the day like it's porn.Hedge fund managers and Wall Street would love this the most, along with CEOs paid in stock.
If we are talking secondary market equities and debts, I don't see it doing much. It isn't like if people buy more stocks it affects the economy.
I'm all for taxing passive income. Many bitcoin owners wanted to avoid taxes. I thought that was the most egregious, pompous view. People literally sat back and watched investments grow 1000x, with zero work, and they think they shouldn't pay tax? Meanwhile we tax people working 2 jobs at minimum wage? I think that is BS.
You don't pay taxes on your "hard earned dollars" again. Only on the passively earned gains.
And they are given VERY favorable rates, 15% for most. Much different than most earned income. They are historically low and meanwhile tons are spent on top earners trying to transition refular wages into capital gains. It is basically a tax shelter for some.
With 2 trillion already in the pipeline, there's talk of yet another 2 trillion "stimulus" coming and that's BEFORE congress packs it with pork. All this will be through the US govt/Fed Reserve. This is extremely worrisome.
I'm reminded of this phrase commonly attributed to Mayer Amschel Rothschild...Permit me to issue and control the money of a nation, and I care not who makes its laws. Whether he said it or not, there's a great deal of truth in these words. Nope, not liking this at all. I'm not sure we'll recognize this country once the dust settles on this pandemic.
A great piece on this pending disaster. ...
The stimulus is the largest step toward a centrally planned economy that America has ever taken.
Has anyone built a garden/garden box on a slope? I have a relatively small neighborhood yard and the only reasonable spot for one is on a slope towards a shallow drainage area.
You bet!Hey everybody I’m here to ask for a prayer or thought or whatever you can muster at this point. My wife’s grandfather had a fall a couple nights ago. He broke four ribs, and punctured a lung. To make matters worse, he has been struggling with COPD for some time now. All that combined with what appears to be an extended stay in the hospital, things could be better. We are praying for a Passover of sorts. Thanks in advance friends.
Prayers your way, especially for your mom and dad.no matter how long?
eh. i mean there's a limit to everything. right now we're both working, and if that doesn't change, we're good to go. and i don't see my wife losing her job. she's in home health, and they're basically moving most out patient treatment to home health right now, so she's busier than normal. i'm stable, and i've got my fingers crossed it stays that way, but if the worst were to happen, we do have a plan for that, and we've made it a point to save.....we'd probably be "good" for about 6 months before we had to get really creative, and maybe make some difficult choices financially.
why? i know you guys are in a tough spot, and you've had a rough go of it with your family lately...the only thing i have on the horizon close to that is my mom, she's got dimentia/Alz as well, and it's only a matter of time before we have to make some really difficult decisions for her, and my dad really.....so the "when" that comes to fruition will play a big part of the hand we'd have to play....but who knows when that day hits...could be tomorrow, or 2 years from now...
if you're asking in regards to my willingness to stick this out, i mean, i can't deny that situationally, being able absorb a hit and still keep running relatively close to normal, it makes it easier to take that stance. but it still comes with it's own set of obstacles to overcome....i would imagine financially, that's a large obstacle for you guys....hency your urgency to get back to a functioning economy....i think everyone agrees that'd be ideal....
my concern would be if we kicked it back in gear for the sake of kicking it back in gear, not because we could sustain it w/no further interruptions from this virus.......past that, yeah, we need to get back to "normal" as soon as possible.....
i think if we had to shut down a 2nd time this year, it'd have a bigger negative impact that this go around, no matter how long it lasts....i understand that is not a one size fits all perspective....and you likely disagree, for probably obvious reasons relative to your situation.....and i get that....it sucks. and i know there's a lot of people that need to get back up and running so they can get back to work...no money, or very little money, coming in is adding more stress to an already stressful time.....there's not a lot of good choices here.....i think no matter what we do, there's going to be an unfortunate fallout.