The Nation's Financial Condition

[Peter Brown]

In news sure to shock absolutely no one, New Yorkers Flee for Florida and Texas as Mobility Surges:

https://www.bloomberg.com/news/articles ... ity-surges

I don't get it; a fan and other Dems here keep telling me all is fine in high tax, high crime states...that all we need are more taxes. Why are people voting with their feet? Is it unfair?

Perhaps we should force state residents to stay where they are?

[a fan]

In news sure to shock absolutely no one, New Yorkers Flee for Florida and Texas as Mobility Surges:

https://www.bloomberg.com/news/articles ... ity-surges

I don't get it; a fan and other Dems here keep telling me all is fine in high tax, high crime states...that all we need are more taxes. Why are people voting with their feet? Is it unfair?

You "forgot" to read the entire piece.

People are also leaving Kansas and North Dakota in droves.

And the most moved to State? Vermont. Liberal haven....somewhat high taxes.

So much for your theory.

(pssst. It has nothing to do with taxes, and everything to do with property values and unemployment, Pete. And what happens when housing demand exceeds supply, Pete? So what does that tell you about NYC?)

[Peter Brown]

In news sure to shock absolutely no one, New Yorkers Flee for Florida and Texas as Mobility Surges:

https://www.bloomberg.com/news/articles ... ity-surges

I don't get it; a fan and other Dems here keep telling me all is fine in high tax, high crime states...that all we need are more taxes. Why are people voting with their feet? Is it unfair?

You "forgot" to read the entire piece.

People are also leaving Kansas and North Dakota in droves.

And the most moved to State? Vermont. Liberal haven....somewhat high taxes.

So much for your theory.

(pssst. It has nothing to do with taxes, and everything to do with property values and unemployment, Pete. And what happens when housing demand exceeds supply, Pete? So what does that tell you about NYC?)

"the MOST moved to Vermont"...

You may want to revise that descriptive. Perhaps you meant the 'highest PERCENTAGE in versus out'. The actual numbers both ways are tiny.

[a fan]

In news sure to shock absolutely no one, New Yorkers Flee for Florida and Texas as Mobility Surges:

https://www.bloomberg.com/news/articles ... ity-surges

I don't get it; a fan and other Dems here keep telling me all is fine in high tax, high crime states...that all we need are more taxes. Why are people voting with their feet? Is it unfair?

You "forgot" to read the entire piece.

People are also leaving Kansas and North Dakota in droves.

And the most moved to State? Vermont. Liberal haven....somewhat high taxes.

So much for your theory.

(pssst. It has nothing to do with taxes, and everything to do with property values and unemployment, Pete. And what happens when housing demand exceeds supply, Pete? So what does that tell you about NYC?)

"the MOST moved to Vermont"...

You may want to revise that descriptive. Perhaps you meant the 'highest PERCENTAGE in versus out'. The actual numbers both ways are tiny.

There's nothing to revise.

People move for all kinds of reasons. Job, quality of life, quality of schools...millions of reasons.

Some people would live nowhere else than a large city...some would live nowhere else than the mountains in Colorado, miles from the nearest town.

You DESPERATELY want to put everything in a neat little R's & D"s box. So you spend half your time on this forum trying to fit square pegs into round wholes so that the whole world fits with this silly view of yours. It's counterproductive....and wrong.

[Peter Brown]

In news sure to shock absolutely no one, New Yorkers Flee for Florida and Texas as Mobility Surges:

https://www.bloomberg.com/news/articles ... ity-surges

I don't get it; a fan and other Dems here keep telling me all is fine in high tax, high crime states...that all we need are more taxes. Why are people voting with their feet? Is it unfair?

You "forgot" to read the entire piece.

People are also leaving Kansas and North Dakota in droves.

And the most moved to State? Vermont. Liberal haven....somewhat high taxes.

So much for your theory.

(pssst. It has nothing to do with taxes, and everything to do with property values and unemployment, Pete. And what happens when housing demand exceeds supply, Pete? So what does that tell you about NYC?)

"the MOST moved to Vermont"...

You may want to revise that descriptive. Perhaps you meant the 'highest PERCENTAGE in versus out'. The actual numbers both ways are tiny.

There's nothing to revise.

People move for all kinds of reasons. Job, quality of life, quality of schools...millions of reasons.

Some people would live nowhere else than a large city...some would live nowhere else than the mountains in Colorado, miles from the nearest town.

You DESPERATELY want to put everything in a neat little R's & D"s box. So you spend half your time on this forum trying to fit square pegs into round wholes so that the whole world fits with this silly view of yours. It's counterproductive....and wrong.

Shouldn’t we just ‘raise taxes’, a fan? I hear that solves all problems.

[a fan]

Shouldn’t we just ‘raise taxes’, a fan? I hear that solves all problems.

It did in the 1950's and 60's, Pete. And we had infrastructure that was the envy of the free world.

Our taxes haven't been this low since before WWII.

Result? 1%ers like you have more and more and more. The bottom 80% have less and less and less.

And we are falling behind in every 1st world measure. Education, infrastructure, upward mobility.....

[Typical Lax Dad]

[Peter Brown]

Dang!

Dow 29,000


Lib tears are running in the streets.

Re-elect!!

Barron.jpg (69.32 KiB) Viewed 1081 times

[foreverlax]

Dang!

Dow 29,000


Lib tears are running in the streets.

Re-elect!!


Barron.jpg

Petey - what will we see first, Dow at 40k or 20k?

[Peter Brown]

Dang!

Dow 29,000


Lib tears are running in the streets.

Re-elect!!


Barron.jpg

Petey - what will we see first, Dow at 40k or 20k?

Trump re-election, 40k within 2 years.

Biden election, 40k in 6-8 years (with significant retrenchment in 2 years as progressives move to the front; they’ll get crushed after 4 years, then the market will move again; you’ll only see 20k if the progressives take firm control this November)

[njbill]

Dang!

Dow 29,000


Lib tears are running in the streets.

Re-elect!!


Barron.jpg

I hope Barron didn’t choke on that 3 foot putt.

[a fan]

Trump re-election, 40k within 2 years.

In order to do that, he'd have to borrow another $4 Trillion, and make the stock market even more dependent on Big Government than even today.

If Biden wins, and McConnell holds his seat? The market will slowly bleed out , as new spending bills stall for 4 years under Mitchey.

The entire economy is built on borrowed money, Petey. All of it.

[youthathletics]

Trump re-election, 40k within 2 years.

In order to do that, he'd have to borrow another $4 Trillion, and make the stock market even more dependent on Big Government than even today.

If Biden wins, and McConnell holds his seat? The market will slowly bleed out , as new spending bills stall for 4 years under Mitchey.

The entire economy is built on borrowed money, Petey. All of it.

Borrowing is just fine, that’s what socialist countries do....borrow from one another and only pay back if absolutely necessary....and then at a much lower margin.

[a fan]

Trump re-election, 40k within 2 years.

In order to do that, he'd have to borrow another $4 Trillion, and make the stock market even more dependent on Big Government than even today.

If Biden wins, and McConnell holds his seat? The market will slowly bleed out , as new spending bills stall for 4 years under Mitchey.

The entire economy is built on borrowed money, Petey. All of it.

Borrowing is just fine, that’s what socialist countries do....borrow from one another and only pay back if absolutely necessary....and then at a much lower margin.

Remember that when McConnell turns the spigot off "because spending is bad".....

[holmes435]

Trump re-election, 40k within 2 years.

In order to do that, he'd have to borrow another $4 Trillion, and make the stock market even more dependent on Big Government than even today.

If Biden wins, and McConnell holds his seat? The market will slowly bleed out , as new spending bills stall for 4 years under Mitchey.

The entire economy is built on borrowed money, Petey. All of it.

Borrowing is just fine, that’s what socialist countries do....borrow from one another and only pay back if absolutely necessary....and then at a much lower margin.

Then why do Republicans borrow so much more than Democrats?

I feel like Gandhi: "I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ."

For all the chest thumping, the "socialist" democrats and countries are so much more financially responsible regarding borrowing than the Republican party since 1980. Republicans have not practiced what they preach for 40 years now.

[youthathletics]

Trump re-election, 40k within 2 years.

In order to do that, he'd have to borrow another $4 Trillion, and make the stock market even more dependent on Big Government than even today.

If Biden wins, and McConnell holds his seat? The market will slowly bleed out , as new spending bills stall for 4 years under Mitchey.

The entire economy is built on borrowed money, Petey. All of it.

Borrowing is just fine, that’s what socialist countries do....borrow from one another and only pay back if absolutely necessary....and then at a much lower margin.

Then why do Republicans borrow so much more than Democrats?

I feel like Gandhi: "I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ."

For all the chest thumping, the "socialist" democrats and countries are so much more financially responsible regarding borrowing than the Republican party since 1980. Republicans have not practiced what they preach for 40 years now.

It is the beauty of the two party system.Democrats take it right from your back pocket and Republicans disguise it so you feel better. It's no wonder you guys are always angry.

[CU88]

Wall Street is NOT the economy.

More than 800,000 new claims for unemployment insurance were filed last week — a sign of the continued pain of the coronavirus pandemic on the labor market, more than five months in.

The Labor Department changed its methodology in calculating the overall jobless claims number to make the data more reliable by taking into account seasonal swings. Under that metric, 881,000 applications were processed last week.

In the unadjusted metric, state unemployment claims were around 833,000 — a slight rise from the previous week.

Another 759,000 people applied for Pandemic Unemployment Assistance, the program for self-employed and gig workers, an increase of about 150,000, from the previous week.

All told, 29 million people were receiving some form of unemployment insurance as of mid-August — an increase of two million from the week previously — as more people remain jobless or are joining the ranks of the unemployed, than those going back to work full time.

[MDlaxfan76]

Wall Street is NOT the economy.

More than 800,000 new claims for unemployment insurance were filed last week — a sign of the continued pain of the coronavirus pandemic on the labor market, more than five months in.

The Labor Department changed its methodology in calculating the overall jobless claims number to make the data more reliable by taking into account seasonal swings. Under that metric, 881,000 applications were processed last week.

In the unadjusted metric, state unemployment claims were around 833,000 — a slight rise from the previous week.

Another 759,000 people applied for Pandemic Unemployment Assistance, the program for self-employed and gig workers, an increase of about 150,000, from the previous week.

All told, 29 million people were receiving some form of unemployment insurance as of mid-August — an increase of two million from the week previously — as more people remain jobless or are joining the ranks of the unemployed, than those going back to work full time.

But the DOW, the DOW!

[Peter Brown]

Wall Street is NOT the economy.

More than 800,000 new claims for unemployment insurance were filed last week — a sign of the continued pain of the coronavirus pandemic on the labor market, more than five months in.

The Labor Department changed its methodology in calculating the overall jobless claims number to make the data more reliable by taking into account seasonal swings. Under that metric, 881,000 applications were processed last week.

In the unadjusted metric, state unemployment claims were around 833,000 — a slight rise from the previous week.

Another 759,000 people applied for Pandemic Unemployment Assistance, the program for self-employed and gig workers, an increase of about 150,000, from the previous week.

All told, 29 million people were receiving some form of unemployment insurance as of mid-August — an increase of two million from the week previously — as more people remain jobless or are joining the ranks of the unemployed, than those going back to work full time.

Apparently it's not enough money to keep the Left from rioting/looting/burning/killing.

[Peter Brown]

Wow the stock market must have been spooked today from a President Harris scenario.