Tommy Callahan Posted September 6, 2023 Share Posted September 6, 2023 1 hour ago, JDHillFan said: Gosh. Here I thought you were an expert on everything under the sun. Turns out I gave you too much credit. Apologies! that was strange. the self-described DR linked a swift song as a reply. Link to comment Share on other sites More sharing options...
JDHillFan Posted September 6, 2023 Share Posted September 6, 2023 More good news! 1 hour ago, Joe Ferguson forever said: wrong again...gonna try for levity again. keep counting Leave the comedy to the experts. You are better served focusing on math. 1 1 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 6, 2023 Share Posted September 6, 2023 1 minute ago, JDHillFan said: More good news! Just as inflation was transitionary. We have been in a recession for a few quarters now. while they say we might end up in one. the inflation and spending artificially make the GDP look good. till it doesnt 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 6, 2023 Share Posted September 6, 2023 (edited) 6 minutes ago, JDHillFan said: More good news! Leave the comedy to the experts. You are better served focusing on math. What? Almost everyone loves Taylor! You're an outlier...but I guess that video could more accurately be described as satire...good, no? re employment data, even with overestimates and revisions, Biden's job creation has been impressive: https://www.wispolitics.com/2023/wisdems-on-13-5-million-jobs-created-under-president-biden/ Edited September 6, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 6, 2023 Share Posted September 6, 2023 Just now, Joe Ferguson forever said: What? Almost everyone loves Taylor! You're an outlier... re employment data, even with overestimates and revisions, Biden's job creation has been impressive: https://www.wispolitics.com/2023/wisdems-on-13-5-million-jobs-created-under-president-biden/ yeah. the under 30 demo. Only for the investor class and people that read headlines and parrot. kinda showing how out of touch you are with todays economy and employment situation. Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 6, 2023 Share Posted September 6, 2023 2 minutes ago, JDHillFan said: More good news! The initial number gets the headlines and the revisions are footnotes generally ignored. More or less, these jobs reports are fiction. They always have been. Who believes the government knows how many new jobs were created in August on September 1st? These numbers are generated by a model. Models can be programmed to produce whatever result you desire. If you assume the economy is still growing then the model will output higher job growth statistics. If you assume small business birth/death model is in expansion then new businesses are hiring lots of people and the BIS reports big gains. Are new businesses really forming at any positive level? Subjectively, I see a lot of vacant store fronts and closed businesses locally. I don't even see the Amazon, UPS, and FedEx delivery trucks that used to frequent the neighborhood as much. Whether that translates nationally I can't say. What all this means is planners, investors, and others making judgments and decisions on the future of the economy and business in general based on "bad" data input which implies bad decisions. That's why when the economy and the markets crash everyone is going to be completely surprised and asking how the Hell did this happen? Currently, 7 to 10 mega-cap stocks are propping up the markets and hiding the broad weakness of the rest of the market. 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 6, 2023 Share Posted September 6, 2023 1 minute ago, All_Pro_Bills said: Currently, 7 to 10 mega-cap stocks are propping up the markets and hiding the broad weakness of the rest of the market. Just a guess, but majority owned by vanguard and blackrock? Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 6, 2023 Share Posted September 6, 2023 1 minute ago, Chris farley said: Just a guess, but majority owned by vanguard and blackrock? All the big funds. 2 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 6, 2023 Share Posted September 6, 2023 1 minute ago, All_Pro_Bills said: All the big funds. So the same ones making bank from the stimies. Biden attends Intel groundbreaking at Ohio chip factory site - The Washington Post - owned by intel, controlled by big funds Micron was bought in bankruptcy, and is now getting a crap load of the chips cash. and is owned by the same big boys. Micron to build chip plant in upstate New York instead of Lockhart (statesman.com) https://www.investopedia.com/companies-owned-by-micron-5092627 https://www.investopedia.com/micron-top-shareholders-5094354 this is the best government those big funds could hope for. 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 6, 2023 Share Posted September 6, 2023 6 minutes ago, Chris farley said: So the same ones making bank from the stimies. Biden attends Intel groundbreaking at Ohio chip factory site - The Washington Post - owned by intel, controlled by big funds Micron was bought in bankruptcy, and is now getting a crap load of the chips cash. and is owned by the same big boys. Micron to build chip plant in upstate New York instead of Lockhart (statesman.com) https://www.investopedia.com/companies-owned-by-micron-5092627 https://www.investopedia.com/micron-top-shareholders-5094354 this is the best government those big funds could hope for. Vanguard and Blackrock ranked #1 and #2 institutional holders for: APPL - 8.34% and 6.65% MSFT 8.79% and 7.22% AMZN 7.04% and 5.92% NVDA 8.15% and 7.37% GOOG (class A) 8.19% and 7.06% Surprisingly even XOM 9.70% and 6.79% (what happened to ESG?) 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 6, 2023 Share Posted September 6, 2023 1 minute ago, All_Pro_Bills said: Vanguard and Blackrock ranked #1 and #2 institutional holders for: APPL - 8.34% and 6.65% MSFT 8.79% and 7.22% AMZN 7.04% and 5.92% NVDA 8.15% and 7.37% GOOG (class A) 8.19% and 7.06% Surprisingly even XOM 9.70% and 6.79% (what happened to ESG?) I know the stocks are not as good, but could add most of mass media to that list as well. Link to comment Share on other sites More sharing options...
B-Man Posted September 6, 2023 Share Posted September 6, 2023 The Nation’s Fiscal Crisis Just Got Real Issues & Insights, by The Editorial Board Over the weekend, the Washington Post let it slip that all is not well in Bidenomicsville. The deficit, it reports, could end up hitting $2 trillion when the current fiscal year ends in three weeks, which it describes as an “unexpected deficit surge.” In other words, the deficit will nearly double this year, calling the lie on one of President Joe Biden’s favorite boasts about how he cut the deficit more than any president in history. But while this apparently comes as a shock to the Post, as well as other liberal news sites that picked up on the Post report, anyone paying attention knew this was happening. https://issuesinsights.com/2023/09/06/the-nations-fiscal-crisis-just-got-real/ . 1 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 6, 2023 Share Posted September 6, 2023 5 minutes ago, Chris farley said: I know the stocks are not as good, but could add most of mass media to that list as well. Yep, Disney for example, number 1 and 2. 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted September 6, 2023 Share Posted September 6, 2023 (edited) 16 minutes ago, All_Pro_Bills said: Vanguard and Blackrock ranked #1 and #2 institutional holders for: APPL - 8.34% and 6.65% MSFT 8.79% and 7.22% AMZN 7.04% and 5.92% NVDA 8.15% and 7.37% GOOG (class A) 8.19% and 7.06% https://www.bogleheads.org/wiki/Vanguard_safety https://www.reuters.com/article/factcheck-business-investment/fact-check-video-claiming-blackrock-and-vanguard-own-all-the-biggest-corporations-in-the-world-is-missing-context-idUSL2N2WI1K4 I don't think you understand how mutual funds work. You would do well to actually read up on this instead of cutting/pasting silliness from social media. Edited September 6, 2023 by The Frankish Reich 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 6, 2023 Share Posted September 6, 2023 (edited) 15 minutes ago, The Frankish Reich said: https://www.bogleheads.org/wiki/Vanguard_safety https://www.reuters.com/article/factcheck-business-investment/fact-check-video-claiming-blackrock-and-vanguard-own-all-the-biggest-corporations-in-the-world-is-missing-context-idUSL2N2WI1K4 I don't think you understand how mutual funds work. You would do well to actually read up on this instead of cutting/pasting silliness from social media. Really? Is that what you think? I don't know how mutual funds work? Like actively or passively managed, load or no load, sector or general or index funds. Growth vs. value vs. income funds. Investment decisions and considerations for ETFs vs. funds vs. stocks. Stuff like that? Thanks for setting me straight. FYI. Those stats are directly from industry reported updates as of 6.30.23. And I'm not going to social media to get that info. And sure its client money but who votes those shares at corporate meetings and events? Not the mutual fund shareholders. its the fund manager or fund company management. Edited September 6, 2023 by All_Pro_Bills 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 6, 2023 Share Posted September 6, 2023 27 minutes ago, The Frankish Reich said: https://www.bogleheads.org/wiki/Vanguard_safety https://www.reuters.com/article/factcheck-business-investment/fact-check-video-claiming-blackrock-and-vanguard-own-all-the-biggest-corporations-in-the- 28 minutes ago, The Frankish Reich said: https://www.bogleheads.org/wiki/Vanguard_safety https://www.reuters.com/article/factcheck-business-investment/fact-check-video-claiming-blackrock-and-vanguard-own-all-the-biggest-corporations-in-the-world-is-missing-context-idUSL2N2WI1K4 I don't think you understand how mutual funds work. You would do well to actually read up on this instead of cutting/pasting silliness from social media. Yworld-is-missing-context-idUSL2N2WI1K4 I don't think you understand how mutual funds work. You would do well to actually read up on this instead of cutting/pasting silliness from social media. Yes frank. It's our 401 ks that are being invested in those companies. Back the the 70's the hippies used to warn about it and called it the system. Larger and more control than even a monopoly. Link to comment Share on other sites More sharing options...
B-Man Posted September 6, 2023 Share Posted September 6, 2023 WELL, THEY THINK THINGS ARE WORSE BECAUSE THEY ARE WORSE: Voters don’t buy ‘Bidenomics’ and say economy worse under Biden. https://www.washingtonexaminer.com/news/washington-secrets/voters-dont-buy-bidenomics-say-economy-worse-under-biden And thats after all the positive press. . 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 6, 2023 Share Posted September 6, 2023 1 hour ago, B-Man said: The Nation’s Fiscal Crisis Just Got Real Issues & Insights, by The Editorial Board Over the weekend, the Washington Post let it slip that all is not well in Bidenomicsville. The deficit, it reports, could end up hitting $2 trillion when the current fiscal year ends in three weeks, which it describes as an “unexpected deficit surge.” In other words, the deficit will nearly double this year, calling the lie on one of President Joe Biden’s favorite boasts about how he cut the deficit more than any president in history. But while this apparently comes as a shock to the Post, as well as other liberal news sites that picked up on the Post report, anyone paying attention knew this was happening. https://issuesinsights.com/2023/09/06/the-nations-fiscal-crisis-just-got-real/ . https://www.investopedia.com/us-debt-by-president-dollar-and-percentage-7371225 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 6, 2023 Share Posted September 6, 2023 23 minutes ago, B-Man said: WELL, THEY THINK THINGS ARE WORSE BECAUSE THEY ARE WORSE: Voters don’t buy ‘Bidenomics’ and say economy worse under Biden. https://www.washingtonexaminer.com/news/washington-secrets/voters-dont-buy-bidenomics-say-economy-worse-under-biden And thats after all the positive press. . It's gonna go looking back in time for a stwaman to deflect from the real fact this economy is crap. And is actually hurting people in poverty, working class and fixed income. But the bird that desperately wants to be one of them rich men north of Richmond says everything is awesome, even sings it like the Lego movie. Link to comment Share on other sites More sharing options...
B-Man Posted September 6, 2023 Share Posted September 6, 2023 The New U.S. Deficit Numbers Are Simply Breathtaking BY RICK MORAN Government spending during the pandemic caused a $3.1 trillion deficit in 2020 and a $2.8 trillion deficit in 2021. It was the most expensive campaign debt in history, and paying it off caused a massive spike in inflation. Inflation is moderating — somewhat. And in 2022, the federal budget deficit dropped by the largest amount in history; from $2.8 trillion to a little less than $1 trillion. But in 2023, instead of continuing to drop, the deficit nearly doubled to a projected $2 trillion. This despite steady, if unspectacular, growth in the economy. This is counterintuitive, according to the Washington Post. The surge in red ink has confounded many economists’ expectations. Typically, deficits contract when the economy grows, because businesses and consumers owe more in taxes and the government does not need to spend as much to protect those who have lost their job. Then deficits normally expand again in downturns, as those factors go into reverse. And yet the current surge in the deficit is coinciding with a period of unusually strong economic growth, amid historic lows in unemployment and robust corporate profits. “The deficit will basically double from 2022 to 2023,” said Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget. “This should prompt a serious evaluation of federal policy going forward, though I worry it won’t.” Lower tax receipts and higher interest rates, forcing bigger interest payments, have resulted in the budget deficit skyrocketing. “To see this in an economy with low unemployment is truly stunning. There’s never been anything like it,” Jason Furman, who served as a top economist in the Obama administration and is now an economics professor at Harvard, told the Washington Post. “A good and strong economy, with no new emergency spending — and yet a deficit like this. The fact that it is so big in one year makes you think it must be some weird, freakish thing going on.” The “weird, freakish thing” is Joe Biden and Republicans in Congress racing each other to the edge of the fiscal cliff to see who will jump first. https://pjmedia.com/news-and-politics/rick-moran/2023/09/05/u-s-deficit-explodes-from-1-trillion-to-2-trillion-despite-economic-growth-n1724553#google_vignette . 2 Link to comment Share on other sites More sharing options...
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