Stock Market Game

[bob joyce 2.4L Find all posts View Profile Close bob joyce]

hm.......
i was making an argument using your above stated variables.
you said your family members were jiggering their lives to qualify for health care etc..
when you say "happy with their coverage" is that the same kind of "happy with their coverage' that the republicans used to screw with Obama care?

[Aussie24 300357 Find all posts View Profile Close Aussie24]

Bob, Do the math on The AHC , It's costs are being subsidized, currently by Biden's latest 'give away' other wise it would be anything but Affordable...The ACA is akin to Obama's statement that the government taking over the Student Loan program would not only " pay for its self, but earn $58 billion." Depending on what analysis you read, just forgiving $10K per debtor will cost between $330 billion to possibly $900billion...

[bob joyce 2.4L Find all posts View Profile Close bob joyce]

both covid and health care. why do republicans work against the population and dissuade citizens from doing the right thing/helping.
then they claim they are "patriotic"?

[Aussie24 300357 Find all posts View Profile Close Aussie24]

I'm beginning to think you have advance dementia..try to stay on the subject...at least refute my positions with facts...

[bob joyce 2.4L Find all posts View Profile Close bob joyce]

i cant help it if everything you think is wrong

[Aussie24 300357 Find all posts View Profile Close Aussie24]

Bob, If possible define where the data I shared is wrong...

[Silverc4s 2.2L Find all posts View Profile Close Silverc4s]

If you think healthcare is expensive now, wait until it’s free…

[Silverc4s 2.2L Find all posts View Profile Close Silverc4s]

The trouble with socialism is that you eventually run out of other peoples money…

[Silverc4s 2.2L Find all posts View Profile Close Silverc4s]

I’m from the government and I’m here to help you…

[jaudette3 Really? Find all posts View Profile Close jaudette3]

After much observation, it appears to me that socialism works well in certain situations. For example, in places like the Scandinavian countries. They're highly homogeneous which makes them a little bit like a tribe. That makes it easier for one generation to pay high taxes in order to support benefits for all, such as health care for the elderly and free college for the young. It's their time to carry the ball. They're taking care of folks just like them and they know that when they get old the same will be done for them. It's a continuous benevolent cycle of community.

That all breaks down in a country like the U.S. Our extreme heterogeneous mix eliminates wide spread tribalism and turns into highly segmented tribalism which creates conflict. Remember the old saying that the U.S. was a melting pot. Of course people and their culture don't melt and we are at best a quilt. Our capitalistic system on steroids leads to cut-throat competition, every man for himself, which leads to greed and pride. The evolution of reaching leadership does not select those with the highest qualities, it simply selects those who compete the most effectively, regardless (often) of values. So I agree, socialism in the U.S. is a horrible idea. But maybe a great idea in other settings. Horses for courses.

[Aussie24 300357 Find all posts View Profile Close Aussie24]

Denmark, Sweden and Norway all have a 25% VAT.. If you do the math the US could easily pay for all the necessary social services needed with surplus funds!

[jaudette3]

A VAT seems awfully regressive but it seems to work for them. And you're right, the funds raised in the U.S. by a VAT paid by ravenous consumers would be huge.

[Silverc4s]

But a VAT on top of a progressive income tax in the US would just be more money for the Gov. to waste. I don’t think there are any proposals to replace income tax, are there?

I think Europe likes the VAT because they don’t do very well at collecting income taxes. (I am being subtle here)

[Aussie24 300357 Find all posts View Profile Close Aussie24]

As for the Socialist policies of those three countries, their corporate tax is lower the the US, ranging between 21 to 22 % . They also have considerable less Federal employees. They have consolidated their government to a much more efficient system..

Our Department of Energy was created by Pres. Carter to get us to energy independence. It presently has 14,000 Federal employees and over 90,000 management and operating contractors.( ENERGY.GOV ). We have reached well beyond energy independence.. any chance we could close that operation down?

[jaudette3 Really? Find all posts View Profile Close jaudette3]

Calm before the Storm? Major Inflection Point?

Having worked as a stockbroker and analyst for over 20 years following the markets is like breathing to me. That doesn't mean I am any good at predicting the future but it is fun to speculate about it (and on it). At first glance it seems obvious that we are in a bear market undergoing a classic Bull Trap. Every (actually every) major market decline has followed a similar pattern. First the initial decline (crash) which is followed by a bear market rally of 45-60% then the eventual huge crash. Same in 1929, 1973 and 2000. The pattern as we progress through this relatively vigorous rally looks very similar.

The stock market is in a 40% bounce from its lows. We should learn a lot about the next couple of years in the next few weeks. Since the market is discounting 6-12 months out the various trend lines are going to tell us a lot about the future economy. It doesn't seem possible but it looks almost like a 50/50 chance of bust or boom with the bust being of historic proportions.

Scary times.

[Silverc4s 2.2L Find all posts View Profile Close Silverc4s]

This election will tell us a lot about the market ahead. Common Sense, or Communism? That is the question, my friends.

[jaudette3]

Oh stop it.

[bob joyce]

where is the cool aid stand........

[sebaroher]

Bob,
We all know YOU know where the cool aid stand is

[Silverc4s 2.2L Find all posts View Profile Close Silverc4s]

We had a saying among Marines, I suppose others have heard it as well. It springs to mind when I read Bob's predictable comment above..."if it was up your ass you'd know where it was."