i know weve talked alot about stock ownership here, but the fact is americans arent serious about ownership because most of them rent their labor 40 hours a week.
Brownslave688
You want a toe? I can get you a toe.
Your state, federal, ss, medicare tax rate is under 16%?
Or do you contribute to 401k and that reduces the tax rate?
i forgot about this guy:
“The stock boom was driven by low interest rates, share buy-backs and a falling dollar. Now, with the tax cuts in place and the latest wage report, it became clear that there were no obstacles to further increases in interest rates, flattening the yield curve. In this situation, equity investors fear losses and a flight to safety follows. This is now happening worldwide.
“If the Federal Reserve continues to raise interest rates, and even more so if it picks up the pace, the dollar will stop falling, and perhaps again start to rise. A funding crisis in the rest of the world (hinted at by some analysts) would produce yet another flight to safety and increase these effects. A financial crisis, exposing the weak position of some of the world’s largest banks, would likely end growth altogether, and not merely in the U.S. And yet, on the other hand, a reversal-of-course at this stage would reveal the fecklessness of the decision to start raising rates in the first place. In this situation, based on the record, expect the Fed to stay on course until disaster really strikes — and then to claim that ‘no one could have foreseen it.’
“As for the fundamentals, they aren’t sound. The expansion has gone on for a long time, the stock market remains overvalued, and household debts were piling up. Many provisions in the recent tax law will reduce middle class purchasing power and home values and economic security, and the ability of state and local governments to maintain tax effort and public services. These will tend to discourage the growth of business investment,
“The stock boom was driven by low interest rates, share buy-backs and a falling dollar. Now, with the tax cuts in place and the latest wage report, it became clear that there were no obstacles to further increases in interest rates, flattening the yield curve. In this situation, equity investors fear losses and a flight to safety follows. This is now happening worldwide.
“If the Federal Reserve continues to raise interest rates, and even more so if it picks up the pace, the dollar will stop falling, and perhaps again start to rise. A funding crisis in the rest of the world (hinted at by some analysts) would produce yet another flight to safety and increase these effects. A financial crisis, exposing the weak position of some of the world’s largest banks, would likely end growth altogether, and not merely in the U.S. And yet, on the other hand, a reversal-of-course at this stage would reveal the fecklessness of the decision to start raising rates in the first place. In this situation, based on the record, expect the Fed to stay on course until disaster really strikes — and then to claim that ‘no one could have foreseen it.’
“As for the fundamentals, they aren’t sound. The expansion has gone on for a long time, the stock market remains overvalued, and household debts were piling up. Many provisions in the recent tax law will reduce middle class purchasing power and home values and economic security, and the ability of state and local governments to maintain tax effort and public services. These will tend to discourage the growth of business investment,
Catatonic
Nine Lives
Most people's skills and motivation on their own is whittling sticks.
floridays
Well-Known Member
yea i have no idea but when you work 40 hours a week your going to be tired.
i got a LOA from my job (they always lay people off, but i volunteered), so ive been studying everyday. ive done 3 chapters of biology in about 10 days which was great.
1989
Well-Known Member
I took gross - 401k = 1450
Only federal, SS, Medicare tax. No state tax.
refineryworker05
Well-Known Member
It was idiotic for Trump supporters to pretend that they believed Trump was responsible for the stock market performance.
Now that’s it’s not performing so well....crickets.
If it starts performing ok again don’t pretend that they actually think it’s because of Trump. They are proving right now that they don’t think stock market performance is Trumps doing or else they’d be heavily criticizing Trump and attacking him right now for the stock market cratering.
Now that’s it’s not performing so well....crickets.
If it starts performing ok again don’t pretend that they actually think it’s because of Trump. They are proving right now that they don’t think stock market performance is Trumps doing or else they’d be heavily criticizing Trump and attacking him right now for the stock market cratering.
Brownslave688
You want a toe? I can get you a toe.
Just like it's idiotic for obama supporters to think he had anything to do with pull us out of the recession
silverbullet2893
KILL KILL!!
Trump 2020
DriveInDriveOut
Inordinately Right
true, on the other hand....
he appointed yellen then got out of the way
trump has done the opposite....
just sayin'
DriveInDriveOut
Inordinately Right
he'll be what, 92?
refineryworker05
Well-Known Member
What does that have to do with Trump and Trump supporters?
Is the message it’s ok to believe delusional things?
silverbullet2893
KILL KILL!!
Just being Bullet. Blurting nonsense.
*i am actually just really bored and was hoping to inflame a political argument lol*
refineryworker05
Well-Known Member
Ok I’m sure that will happen. But again the jig is up about Trump supporters pretending that they believe Trump is responsible for stock market performance
Or else they’d be attacking and blaming Trump right now when it’s not performing so great.
Brownslave688
You want a toe? I can get you a toe.
Just that both sides have their own delusions.
DriveInDriveOut
Inordinately Right
you came to the right place for nonsense and arguments
refineryworker05
Well-Known Member
Look Trump supporters are cheering objectively worse economic indicators when compared to the last presidency.
Pesident Obama objectively had better economic performance during his overall terms than Bush on every objective measure.
So President Obama supporters saying look every economic indicator has gotten better under our guy versus the last president is objective reality.
But Trump supporters pretending things are better now economically is objectively delusional.
silverbullet2893
KILL KILL!!
Let me know when I need to ring the bell and I’ll sit back and watch lol
