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Message
re: Dow breaks 26k
Posted on 1/16/18 at 9:18 am to Roberteaux
Posted on 1/16/18 at 9:18 am to Roberteaux
Wait wait wait. I was told the Dow does not go over 24K. There must be an error.
0
Posted on 1/16/18 at 9:18 am to jptiger2009
quote:
we need private investments into public infrastructure and public education, etc.
I agree with the need for infrastructure spending.
I don't believe we need to throw more at public education though.
Edit to add: you did specify private. Sure, private firms can and are spending big bucks on education.
This post was edited on 1/16/18 at 9:21 am
Posted on 1/16/18 at 9:21 am to jptiger2009
quote:
I'm also saying the rich get richer...
My mom is retired. Lived small all her life. Hates Trump.
I asked her if she would give up her over 20% increase in her retirement accounts last year to get rid of Trump. She smiled and said no.
The rich get richer no matter what. When real people see their wealth increase that makes a difference.
So, yeah, the rich get richer. So does anyone investing in their future. If you aren't investing in your future that's on you much of the time.
Posted on 1/16/18 at 9:25 am to roadGator
quote:
I asked her if she would give up her over 20% increase in her retirement accounts last year to get rid of Trump. She smiled and said no.
Posted on 1/16/18 at 9:25 am to jptiger2009
The stock market is nowhere near just for the 1%. Where do you guys come up with this BS? Roughly 54% of all Americans invest. The other 46% are made up of people who choose not to (which I would suspect is a fairly high number- if people got their finances in order many easily could) and some who just can't.
Posted on 1/16/18 at 9:25 am to jptiger2009
quote:So you believe only the top 1% have money in the stock market? Is that what you're saying?
certainly not the 1% who have reinvested in the market
This post was edited on 1/16/18 at 9:29 am
Posted on 1/16/18 at 9:30 am to Roberteaux
U.S. oil industry set to break record, upend global trade
HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
And this new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world’s top producer.
The economic and political impacts of soaring U.S. output are breathtaking, cutting the nation’s oil imports by a fifth over a decade, providing high-paying jobs in rural communities and lowering consumer prices for domestic gasoline by 37 percent from a 2008 peak.
Fears of dire energy shortages that gripped the country in the 1970s have been replaced by a presidential policy of global “energy dominance.”
LINK
Soooooooooo much winning
HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
And this new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world’s top producer.
The economic and political impacts of soaring U.S. output are breathtaking, cutting the nation’s oil imports by a fifth over a decade, providing high-paying jobs in rural communities and lowering consumer prices for domestic gasoline by 37 percent from a 2008 peak.
Fears of dire energy shortages that gripped the country in the 1970s have been replaced by a presidential policy of global “energy dominance.”
LINK
Soooooooooo much winning
This post was edited on 1/16/18 at 9:32 am
Posted on 1/16/18 at 9:30 am to jptiger2009
quote:I hope this is not what they are teaching you at Southeastern.
But, the bulk of the savings is going right back into the market.
Rich get richer...
Posted on 1/16/18 at 9:33 am to dr smartass phd
quote:
cutting the nation’s oil imports by a fifth over a decade
But reducing U.S. trade deficits is so unfair to the rest of the world.
Posted on 1/16/18 at 9:36 am to jptiger2009
quote:
we need private investments into public infrastructure and public education, etc.
Just listened on the radio on my way to work the mayor of Memphis speaking about private entities raising $16M/year for public pre-kindergarten
Posted on 1/16/18 at 9:59 am to jchamil
quote:
private entities raising $16M/year for public pre-kindergarten
that's great news
Posted on 1/16/18 at 10:02 am to LSURussian
quote:
only the top 1% have money in the stock market?
no, that's not what I'm saying at all.
I'm saying that with all the tax cuts, that inevitably leaves less money for social programs. With this, there needs to be more private investments into those social programs. Do you not see the issue with this?
Posted on 1/16/18 at 10:04 am to jptiger2009
quote:
there needs to be more private investments
Good luck getting your virtue signaling crowd to actually take action rather than stomping their feet waiting for mommy gov to do it for them.
How much will you be investing privately?
Posted on 1/16/18 at 10:06 am to jptiger2009
quote:
I'm saying that with all the tax cuts, that inevitably leaves less money for social programs
That is not the inevitable result of tax cuts.
We don't have a revenue gathering problem.
Posted on 1/16/18 at 10:09 am to Roberteaux
The second this corrects at all, CNN will be blasting Trump.
Posted on 1/16/18 at 10:11 am to upgrayedd
Muh fee fees >>> economy
Posted on 1/16/18 at 10:15 am to roadGator
quote:
How much will you be investing privately?
I'm not currently in the position to invest much of anything (time or money), as I work and have a young family.
But, I can genuinely say that I look forward to the future when I will have the time and more importantly the money.
I should do more with what I have now, but I look forward to giving back in the near future.
Posted on 1/16/18 at 10:17 am to Erin Go Bragh
quote:
That is not the inevitable result of tax cuts.
we'll see about that. Wait a bit...Trump will "tackle" welfare with some "bright" ideas.
Posted on 1/16/18 at 10:19 am to jptiger2009
(no message)
This post was edited on 5/4/21 at 6:05 pm
Posted on 1/16/18 at 10:20 am to jptiger2009
quote:
.Trump will "tackle" welfare with some "bright" ideas.
Our welfare system has been a disaster since LBJ's Great Society. That's 60 years of utter failure.
Do you think we need more of the same?
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