Nanker Posted December 14, 2018 Share Posted December 14, 2018 14 hours ago, TH3 said: Tyler Zed huh? I missed his teachings at Grad School....Did T-Zed mention that China used to buy 6 million tons a month....before Tariff man hit ....they have committed to buy 1.3 million tons at around $7 per unit vs $10 last year during ....order due 1q 2019.....low price due to massive stockpiles .....prices likely won’t bounce back till 2020..... The winning....TZED? Google is your friend So we're starving them out! Link to comment Share on other sites More sharing options...
DC Tom Posted December 14, 2018 Share Posted December 14, 2018 34 minutes ago, Deranged Rhino said: Next werk he'll tweet something that contradicts this. We'd all be better off ignoring him. Link to comment Share on other sites More sharing options...
Buffalo_Gal Posted December 14, 2018 Share Posted December 14, 2018 What China has done in the last 30 years is amazing: (her second tweet shows how many people they have pulled out of poverty) Link to comment Share on other sites More sharing options...
row_33 Posted December 14, 2018 Share Posted December 14, 2018 Dow on election Day 2016, just under 19,000 Peaked since at just under 27,000 Currently around 24,000 Link to comment Share on other sites More sharing options...
DC Tom Posted December 14, 2018 Share Posted December 14, 2018 1 hour ago, Buffalo_Gal said: What China has done in the last 30 years is amazing: (her second tweet shows how many people they have pulled out of poverty) What Japan has done over the same time is astounding. They've stagnated, if not contracted. Link to comment Share on other sites More sharing options...
keepthefaith Posted December 14, 2018 Share Posted December 14, 2018 17 minutes ago, DC Tom said: What Japan has done over the same time is astounding. They've stagnated, if not contracted. It would be interesting to overlay manufacturing revenue. When I was a kid, all the cheap crap said made in Japan on the bottom. For a long time now it's been China. Link to comment Share on other sites More sharing options...
B-Man Posted December 14, 2018 Share Posted December 14, 2018 Feds Collect Record Taxes Through November; Still Run $305.4B Deficit. WE DON’T HAVE A REVENUE PROBLEM, WE HAVE AN OVERSPENDING PROBLEM 4 Link to comment Share on other sites More sharing options...
DC Tom Posted December 14, 2018 Share Posted December 14, 2018 28 minutes ago, B-Man said: Feds Collect Record Taxes Through November; Still Run $305.4B Deficit. WE DON’T HAVE A REVENUE PROBLEM, WE HAVE AN OVERSPENDING PROBLEM "Social Insurance and Retirement" intake was $179B. Social Security, Medicare, and "Income Security" outlays were $373B. Holy Jesus, we are *****. 1 Link to comment Share on other sites More sharing options...
GG Posted December 14, 2018 Author Share Posted December 14, 2018 8 minutes ago, DC Tom said: "Social Insurance and Retirement" intake was $179B. Social Security, Medicare, and "Income Security" outlays were $373B. Holy Jesus, we are *****. As you were saying about Japan .... Link to comment Share on other sites More sharing options...
Chef Jim Posted December 14, 2018 Share Posted December 14, 2018 1 hour ago, DC Tom said: "Social Insurance and Retirement" intake was $179B. Social Security, Medicare, and "Income Security" outlays were $373B. And people get pissed when you call it a Ponzi scheme. 2 Link to comment Share on other sites More sharing options...
Benjamin Franklin Posted December 15, 2018 Share Posted December 15, 2018 7 hours ago, B-Man said: Feds Collect Record Taxes Through November; Still Run $305.4B Deficit. WE DON’T HAVE A REVENUE PROBLEM, WE HAVE AN OVERSPENDING PROBLEM Fortunately the fiscally responsible party had two years to fix it and did...oh...they did dick. But we will build that wall damn it! Link to comment Share on other sites More sharing options...
/dev/null Posted December 15, 2018 Share Posted December 15, 2018 42 minutes ago, Benjamin Franklin said: Fortunately the fiscally responsible party had two years to fix it and did...oh...they did dick. But we will build that wall damn it! Republicans only care about fiscal responsibility when they're out of power. In power they're Democrat Lite 6 Link to comment Share on other sites More sharing options...
keepthefaith Posted December 15, 2018 Share Posted December 15, 2018 1 hour ago, /dev/null said: Republicans only care about fiscal responsibility when they're out of power. In power they're Democrat Lite Yes and it really sucks. ***** Paul Ryan for all his rants about fiscal responsibility over the past 10 years became a turtle when his party gained the white house and majorities . You'd think a guy like him would want to get something meaningful done before he left office. Link to comment Share on other sites More sharing options...
TtownBillsFan Posted December 15, 2018 Share Posted December 15, 2018 37 minutes ago, keepthefaith said: Yes and it really sucks. ***** Paul Ryan for all his rants about fiscal responsibility over the past 10 years became a turtle when his party gained the white house and majorities . You'd think a guy like him would want to get something meaningful done before he left office. Unfortunately, it's all about re-election, and everyone knows it's easier to get re-elected when you're promising goodies to people. It's one of the reasons that the argument for term-limits is strong; if these douches could only be there so long, do what's right, and then have to get out, we'd see alot more right getting done. But so long as their MO is what-does-it-take-to-get-re-elected, this will continue to be a problem. I wish 'my' side was better about it, but they're just as bad. At least my side does one half of the equation properly, the lower taxes part. But we need the other, HARD part, lowering expenditures. And that will never happen so long as people have to fight to get re-elected. We need one-and-done political appointees. Get in, get done what you're voted in for, and leave. I hate term-limits in that you don't get to keep good people, but it's good that you get the bad ones out. We can't continue on this path to financial slavery, but until we get people in that will make the necessary, hard changes in, and get the old guard out, we're going down the crapper. 3 Link to comment Share on other sites More sharing options...
Doc Brown Posted December 15, 2018 Share Posted December 15, 2018 4 hours ago, /dev/null said: Republicans only care about fiscal responsibility when they're out of power. In power they're Democrat Lite I don't even think they're worthy of that. This year's deficit is the highest since 2012. 1 Link to comment Share on other sites More sharing options...
Benjamin Franklin Posted December 15, 2018 Share Posted December 15, 2018 6 hours ago, TtownBillsFan said: Unfortunately, it's all about re-election, and everyone knows it's easier to get re-elected when you're promising goodies to people. It's one of the reasons that the argument for term-limits is strong; if these douches could only be there so long, do what's right, and then have to get out, we'd see alot more right getting done. But so long as their MO is what-does-it-take-to-get-re-elected, this will continue to be a problem. I wish 'my' side was better about it, but they're just as bad. At least my side does one half of the equation properly, the lower taxes part. But we need the other, HARD part, lowering expenditures. And that will never happen so long as people have to fight to get re-elected. We need one-and-done political appointees. Get in, get done what you're voted in for, and leave. I hate term-limits in that you don't get to keep good people, but it's good that you get the bad ones out. We can't continue on this path to financial slavery, but until we get people in that will make the necessary, hard changes in, and get the old guard out, we're going down the crapper. 1 That underlined part is *****. It's quitting your job when you have bills to pay. Taking a pay cut and buying a Mercedes. If anything, what the Rs do is worse than what the Ds do. At least the Ds spend more AND raise your taxes. That strategy is f*cked too but it's not as long term f*cked as spending more and raising less. The Rs are pathetic on finances. 1 Link to comment Share on other sites More sharing options...
boyst Posted December 15, 2018 Share Posted December 15, 2018 20 minutes ago, Benjamin Franklin said: That underlined part is *****. It's quitting your job when you have bills to pay. Taking a pay cut and buying a Mercedes. If anything, what the Rs do is worse than what the Ds do. At least the Ds spend more AND raise your taxes. That strategy is f*cked too but it's not as long term f*cked as spending more and raising less. The Rs are pathetic on finances. Link to comment Share on other sites More sharing options...
DC Tom Posted December 15, 2018 Share Posted December 15, 2018 7 hours ago, Benjamin Franklin said: That underlined part is *****. It's quitting your job when you have bills to pay. Taking a pay cut and buying a Mercedes. Your plane crashing the first time you fly, rain on your wedding day, ten thousand spoons when all you need is a knife... Link to comment Share on other sites More sharing options...
Foxx Posted December 16, 2018 Share Posted December 16, 2018 19 hours ago, DC Tom said: Your plane crashing the first time you fly, rain on your wedding day, ten thousand spoons when all you need is a knife... rain on your wedding day is supposed to be good luck. Link to comment Share on other sites More sharing options...
Wacka Posted December 16, 2018 Share Posted December 16, 2018 Isn't it ironic? Link to comment Share on other sites More sharing options...
snafu Posted December 16, 2018 Share Posted December 16, 2018 6 hours ago, Foxx said: rain on your wedding day is supposed to be good luck. That's just what people tell wet brides to make them feel better, when really they want to just call her a loser. Link to comment Share on other sites More sharing options...
TH3 Posted December 16, 2018 Share Posted December 16, 2018 On 12/13/2018 at 6:01 PM, Buffalo_Gal said: We knew this buy was coming... CNN is terrible. https://www.bworldonline.com/us-confirms-china-soybean-sale-but-size-of-orders-smaller-than-expected/ How bout then orders!!! The art of the deal is DT takes 10....gives one back and dumbasses like Tzed and you think you are a dollar richer 1 Link to comment Share on other sites More sharing options...
row_33 Posted December 17, 2018 Share Posted December 17, 2018 On 12/16/2018 at 11:50 AM, Wacka said: Isn't it ironic? not by any of the 12 or so definitions Link to comment Share on other sites More sharing options...
Tiberius Posted December 17, 2018 Share Posted December 17, 2018 down down down Link to comment Share on other sites More sharing options...
TH3 Posted December 17, 2018 Share Posted December 17, 2018 1 hour ago, Tiberius said: down down down The winning!! Link to comment Share on other sites More sharing options...
Tiberius Posted December 18, 2018 Share Posted December 18, 2018 More aid to replace lost trade! https://www.politico.com/story/2018/12/17/trump-farmers-trade-relief-usda-1067716 Quote The Trump administration announced Monday a second and “final” round of trade aid for farmers and ranchers burned by retaliatory tariffs, including roughly $4.9 billion in additional direct payments for certain commodity producers. The second batch of trade relief payments is President Donald Trump’s latest effort to stem the pain inflicted on U.S. agricultural producers by his trade feuds. But just as with the first round, commodity groups are complaining that the aid is not nearly enough to offset the damage from retaliatory duties. Link to comment Share on other sites More sharing options...
Greybeard Posted December 18, 2018 Share Posted December 18, 2018 On 12/15/2018 at 7:07 AM, Benjamin Franklin said: That underlined part is *****. It's quitting your job when you have bills to pay. Taking a pay cut and buying a Mercedes. If anything, what the Rs do is worse than what the Ds do. At least the Ds spend more AND raise your taxes. That strategy is f*cked too but it's not as long term f*cked as spending more and raising less. The Rs are pathetic on finances. There are several different versions of this quote. I was looking for one from a roman politician but did not find it but this one has the same theme. “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the Public Treasury. From that moment on, the majority always votes for the candidate promising the most benefits from the Public Treasury with the result that a democracy always collapses over loose fiscal policy always followed by dictatorship.”Alexander Fraser Tyler, “The Decline and Fall of the Athenian Republic” There is no real difference between the R's and the D's. One is a Mugger and one is a Thief. One steals your money, the other beats you, and then steals your money. I am not sure which party is which though. Either way, they will get your money. There is only one way this will end. The government will either be overthrown or will declare bankruptcy. Eventually the can cannot be kicked down the road any longer. On 12/15/2018 at 2:50 PM, DC Tom said: Your plane crashing the first time you fly, rain on your wedding day, ten thousand spoons when all you need is a knife... “Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.” Mark Twain https://jim.com/liberquo.htm A good collection of quotes. When I saw the above I thought of you. Link to comment Share on other sites More sharing options...
DC Tom Posted December 18, 2018 Share Posted December 18, 2018 7 minutes ago, Greybeard said: “Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.” Mark Twain https://jim.com/liberquo.htm A good collection of quotes. When I saw the above I thought of you. Unsurprisingly. He got that quote from me. I know, it sounds unlikely, time travel and all. But then...he got the idea for A Connecticut Yankee in King Arthur's Court from somewhere, didn't he? WAKE UP, SHEEPLE!!!!! 1 Link to comment Share on other sites More sharing options...
TPS Posted December 18, 2018 Share Posted December 18, 2018 10 minutes ago, Greybeard said: There is only one way this will end. The government will either be overthrown or will declare bankruptcy. Eventually the can cannot be kicked down the road any longer. As long as US government debt is issued in US dollars, the supply of which is under the control of the US central bank, the US will never go bankrupt. Overthrown, possibly... Link to comment Share on other sites More sharing options...
TPS Posted December 19, 2018 Share Posted December 19, 2018 As I posted some weeks back, it looks like Trump's trade war is has done nothing to improve the trade balance, and the goods deficit is widening. This will mean 4thQ Real GDP will come in below 3%, unless there is a "supply side miracle" and business spending picks up.... https://www.wsj.com/articles/u-s-current-account-deficit-widened-in-third-quarter-11545231771?mod=hp_major_pos10 Quote The increase in the current-account deficit during the third quarter mainly reflected a $23.95 billion increase in the goods-trade deficit to $227.01 billion, the Commerce Department said Wednesday. Link to comment Share on other sites More sharing options...
B-Man Posted December 20, 2018 Share Posted December 20, 2018 GREAT AGAIN: DC-area federal government workforce continues to shrink. . Link to comment Share on other sites More sharing options...
Tiberius Posted December 20, 2018 Share Posted December 20, 2018 Yet another blood bath on Wall Street 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted December 20, 2018 Share Posted December 20, 2018 I guess you can blame this "blood bath on Trump" He heated up the economy so much in the past two years the Feds had to step in and slow things down. ? Link to comment Share on other sites More sharing options...
Tiberius Posted December 20, 2018 Share Posted December 20, 2018 It was very well explained at the time that the tax cuts would lead to higher interest rates. But just pretend this is all a surprise. Why? Because #noclass Link to comment Share on other sites More sharing options...
Chef Jim Posted December 20, 2018 Share Posted December 20, 2018 (edited) For those of the "sky is falling" belief the market is still up 11% from when Trump took office. And why the Fed raised (and typically do so): “The Committee judges that some further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective over the medium term,” So yes I guess to say the tax cuts lead to interest rate increases you'd be right. But of course not for the reason that most idiots (who shall remain nameless) think. Edited December 20, 2018 by Chef Jim Link to comment Share on other sites More sharing options...
sherpa Posted December 20, 2018 Share Posted December 20, 2018 14 minutes ago, Tiberius said: It was very well explained at the time that the tax cuts would lead to higher interest rates. But just pretend this is all a surprise. Why? Because #noclass This is pure nonsense. Higher interest rates are the result increased demand for money. Tax cuts may well add to other factors and stimulate to a level that would increase economic activity, but that is desirable, as long as debt can be managed, which is an entirely different issue. Viewing an extremely desirable return to "normal" interest rates as a negative is a silly posture. Link to comment Share on other sites More sharing options...
TPS Posted December 20, 2018 Share Posted December 20, 2018 25 minutes ago, sherpa said: This is pure nonsense. Higher interest rates are the result increased demand for money. Tax cuts may well add to other factors and stimulate to a level that would increase economic activity, but that is desirable, as long as debt can be managed, which is an entirely different issue. Viewing an extremely desirable return to "normal" interest rates as a negative is a silly posture. Your second sentence is pure nonsense. the Fed sets short term interest rates and can set it any level they want regardless of money demand. Link to comment Share on other sites More sharing options...
sherpa Posted December 20, 2018 Share Posted December 20, 2018 4 minutes ago, TPS said: Your second sentence is pure nonsense. the Fed sets short term interest rates and can set it any level they want regardless of money demand. Nonsense. The Fed does not "control short term interest rates." The Fed controls the Fed funds rate, which is the rate banks make overnight loans to each other on money deposited at the Federal Reserve. They also control the discount rate, which the rate banks pay when they borrow directly from the Federal Reserve. To claim they "can set short term rates at any level they want" is preposterous. They operate in a free market. They have a huge influence, but the market determines what interest rates are based on supply and demand. It is a giant misunderstanding to claim that the Fed controls rates. In a relatively balanced market, it is easy to make such a claim, but it isn't true. 1 Link to comment Share on other sites More sharing options...
DC Tom Posted December 20, 2018 Share Posted December 20, 2018 16 hours ago, B-Man said: GREAT AGAIN: DC-area federal government workforce continues to shrink. . They just get hired back as contractors for twice the cost. 2 Link to comment Share on other sites More sharing options...
Koko78 Posted December 20, 2018 Share Posted December 20, 2018 14 minutes ago, DC Tom said: They just get hired back as contractors for twice the cost. Forward! Link to comment Share on other sites More sharing options...
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