The Nation's Financial Condition

[a fan]

A big reason Inflation is being suppressed because all the money is increasingly flowing to the 1%ers, who keep the cash out of American streets, so to speak. That money is moved into financial instruments and into overseas accounts.

So if billions and billions are being held instead of spent? It certainly helps explain why all the QE and borrowed money hasn't led to massive inflation.

[kramerica.inc]

Why is it that the same people who supported a stunningly failed political campaign in '16, are the same ones telling me for 3 years straight now that the stock market is massively overvalued?

A report shows 7 of 10 Americans are struggling financially. Do you care?

https://www.cbsnews.com/news/70-america ... nancially/

So unemployment is low, the stock market is up, inflation is lower and steady, other economic indicators appear positive, but the economy stinks because of this poll?

Seems like more “wishful thinking” that the stock market will begin to weaken and the economy will start sucking in time for the election...

[youthathletics]

A big reason Inflation is being suppressed because all the money is increasingly flowing to the 1%ers, who keep the cash out of American streets, so to speak. That money is moved into financial instruments and into overseas accounts.

So if billions and billions are being held instead of spent? It certainly helps explain why all the QE and borrowed money hasn't led to massive inflation.

Would that not imply that wages, taxes, and the costs associated with housing, transportation, and necessities of life far outweigh that which keeps us all afloat? Or is the counter argument that we are spoiled, want to keep up with the Jones', and live beyond our means?

My comments are based on what you posted and that unemployment nationally is very good. Seems there is a case to be made or a definition needed to truely define what Happy and financially stable 'really' means.

[a fan]

So unemployment is low, the stock market is up, inflation is lower and steady, other economic indicators appear positive, but the economy stinks because of this poll?

Seems like more “wishful thinking” that the stock market will begin to weaken and the economy will start sucking in time for the election...

No. They're trying to tell you, in vain apparently, that the gap between rich and poor is widening, and not everyone is enjoying this economy.

The folks posting here are doing either great, or fine.

As for me, I've been trying to tell you that the reason things are like this is that we borrowed $3 Trillion, and pumped it through the economy. We have to pay that back. And we'll have this conversation again when the economy slows to a stop (it's already happening), and we can't borrow our way to prosperity anymore.

[a fan]

A big reason Inflation is being suppressed because all the money is increasingly flowing to the 1%ers, who keep the cash out of American streets, so to speak. That money is moved into financial instruments and into overseas accounts.

So if billions and billions are being held instead of spent? It certainly helps explain why all the QE and borrowed money hasn't led to massive inflation.

Would that not imply that wages, taxes, and the costs associated with housing, transportation, and necessities of life far outweigh that which keeps us all afloat? Or is the counter argument that we are spoiled, want to keep up with the Jones', and live beyond our means?

Depends where you live. Cost of housing and health are far outpacing wages in the bulk of America. Education, too.

[ChairmanOfTheBoard]

https://thehill.com/homenews/media/4708 ... -tax-story

[ToastDunk]

https://thehill.com/homenews/media/4708 ... -tax-story

Oooh, challenging the publisher of the NYT to a debate; how I hope the paper calls Mr. Smith's bluff.

[ChairmanOfTheBoard]

well if FedEx isnt paying taxes ($65B revenue), and claims he isnt due to, shouldnt the paper call him on it?

[youthathletics]

https://thehill.com/homenews/media/4708 ... -tax-story

Oooh, challenging the publisher of the NYT to a debate; how I hope the paper calls Mr. Smith's bluff.

Fake News?

[jhu72]

Another coal mine and a coal fired generator go out of business. Trump's promise doesn't last through his first term. Coal is going the way of the dodo bird and Orange Duce can't do a damn thing about it. Jawboning, threatening and lying aren't going to save it.

[HooDat]

Another coal mine and a coal fired generator go out of business. Trump's promise doesn't last through his first term. Coal is going the way of the dodo bird and Orange Duce can't do a damn thing about it. Jawboning, threatening and lying aren't going to save it.

coal is dead, and it became terminal in the early 2000's. There is no capital for coal fired generation. The only coal mines you are going to see are going to be for met coal.

[a fan]

well if FedEx isnt paying taxes ($65B revenue), and claims he isnt due to, shouldnt the paper call him on it?

Apparently not.

His retort is hilarious. He sincerely thinks it's ok because they "put money back in the economy".

How dumb have we become as a nation that our CEO's think that this reasoning makes sense?

Newsflash: my company puts money back into the economy. Does this mean the company should pay no taxes?

And my employees? Guess what? They put money back into the economy. Clothes, food, homes, etc. So this means they shouldn't pay taxes.

Idiots. We're idiots.

[HooDat]

Idiots. We're idiots.

yes, yes we are.....

[cradleandshoot]

well if FedEx isnt paying taxes ($65B revenue), and claims he isnt due to, shouldnt the paper call him on it?

Apparently not.

His retort is hilarious. He sincerely thinks it's ok because they "put money back in the economy".

How dumb have we become as a nation that our CEO's think that this reasoning makes sense?

Newsflash: my company puts money back into the economy. Does this mean the company should pay no taxes?

And my employees? Guess what? They put money back into the economy. Clothes, food, homes, etc. So this means they shouldn't pay taxes.

Idiots. We're idiots.

Have you brought this up with your US Senator? Your a very persuasive person. Who knows maybe they will let you into the secret club.

[a fan]

Been invited, sadly. They want money and help fundraising, and that's gross.

Hard pass. We don't do politics as a business. Have no interest in vouching for someone, regardless of party.

We spend our time on helping dozens of charities instead. I sleep better.

[cradleandshoot]

Been invited, sadly. Hard pass. We don't do politics as a business. Have no interest in vouching for someone, regardless of party.

We spend our time on helping dozens of charities instead. I sleep better.

No doubt. That is the person I always figured you to be.

[holmes435]

And then there are the kind of people out there who want more money in politics.

Most notably one senator who's name rhymes with a female dog who pushed the largest change in campaign funding in the country's history via Citizens United. So tired of this TAATS bullshirt.

[RedFromMI]

Robert Samuelson in the WaPo:

Trump’s tax cut didn’t just disappoint. It flopped.

https://www.washingtonpost.com/opinions ... story.html

[ChairmanOfTheBoard]

well if FedEx isnt paying taxes ($65B revenue), and claims he isnt due to, shouldnt the paper call him on it?

Apparently not.

His retort is hilarious. He sincerely thinks it's ok because they "put money back in the economy".

yep, i agree!

some don't get that though.

(PS did some charity work yesterday)

[a fan]

Robert Samuelson in the WaPo:

Trump’s tax cut didn’t just disappoint. It flopped.

https://www.washingtonpost.com/opinions ... story.html

Posters here made fun of me when I told them it wouldn't work BEFORE the bill was signed.

Oh well. I guess their kids will have to figure out how to make up the lost Trillions......