Re: All Things China
Posted: Thu May 23, 2019 12:02 pm
Of course they are. They're not dealing with retaliatory tariffs. Easy to cheer while Trump is stupid enough to take on China all by himself.
Oh, so NOW you care about blue collar jobs? Great. What about all the car layoffs because of steel tariffs? Or the folks who shop at WalMart who have to pay higher prices (yep, the market adjusts)
Yep. And the market is raising prices. Seems like you're wrong here. If there's plenty of places to get cheap stuff----as cheap as China----why are prices going up?
Oh yeah. I'm being short sighted. How did I predict precisely what would happen the day this nonsense started?
We're already running a Federal student loan program, remember? Know how much we're owed?
Off the top of my head, probably NO.
When you say "default", what does this actually mean? IN the UNited States, you can NOT write off student loan debt (as of now), so technically, I do not understand what you mean by "default" ? Late payments, partial payments, or NO payments. Are you saying that 11% of loans are NOT being paid back, at all?a fan wrote: ↑Thu May 23, 2019 12:19 pmWe're already running a Federal student loan program, remember? Know how much we're owed?
$1.56 Trillion. Know what the default rate is? 11%+
Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.
Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?
My socialist friend.
Real estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.a fan wrote: ↑Thu May 23, 2019 12:44 pm If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.
Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.
My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.
And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.
I'm not sure where you're getting that, but if you put me in charge, I'd only sell US bonds to US citizens and entities. We hold the bulk of our own debt as it is. Move it to 100%.ABV 8.3% wrote: ↑Thu May 23, 2019 12:47 pmReal estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.a fan wrote: ↑Thu May 23, 2019 12:44 pm If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.
Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.
My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.
And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.
YOu have stated , in the past, that 5% is not note worthy. But, losing 5% of US Savings bonds ownership, without really caring WHO actually owns (we do, the financial wonks that buy your spirits ) is no big deal. Confusing.
Well, that makes two of us. !a fan wrote: ↑Thu May 23, 2019 12:50 pmI'm not sure where you're getting that, but if you put me in charge, I'd only sell US bonds to US citizens and entities. We hold the bulk of our own debt as it is. Move it to 100%.ABV 8.3% wrote: ↑Thu May 23, 2019 12:47 pmReal estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.a fan wrote: ↑Thu May 23, 2019 12:44 pm If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.
Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.
My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.
And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.
YOu have stated , in the past, that 5% is not note worthy. But, losing 5% of US Savings bonds ownership, without really caring WHO actually owns (we do, the financial wonks that buy your spirits ) is no big deal. Confusing.
I don't about what they currently own. I care about what they will buy in the future.
See above. I don't care who owns the current notes.
They own US Treasury bills, notes and bonds...there is no liquidity in Savings Bonds.ABV 8.3% wrote: ↑Thu May 23, 2019 1:00 pmWell, that makes two of us. !a fan wrote: ↑Thu May 23, 2019 12:50 pmI'm not sure where you're getting that, but if you put me in charge, I'd only sell US bonds to US citizens and entities. We hold the bulk of our own debt as it is. Move it to 100%.ABV 8.3% wrote: ↑Thu May 23, 2019 12:47 pmReal estate investing friends are chomping at the bit for another recession. So are many, many financial wonks.a fan wrote: ↑Thu May 23, 2019 12:44 pm If our budget was balanced, or our debt was at reasonable levels? I'd agree with you. It's not.
Taking away a major buyer is a big deal when it comes to interest rates for borrowing. We are currently borrowing at an unsustainable rate. Our taxes are currently at an unsustainably low rate...meaning the debt will continue to explode. And we are currently spending at an unsustainable rate given our tax levels.
My point? We are not in a good place to fight a trade war with China. We're in a BAD place to be doing this.
And I don't believe for a second you don't understand this. We are not in a fiscally sound place to handle a recession. Ask any financial wonk, and they'll tell you the same.
YOu have stated , in the past, that 5% is not note worthy. But, losing 5% of US Savings bonds ownership, without really caring WHO actually owns (we do, the financial wonks that buy your spirits ) is no big deal. Confusing.
My point is this: You seem very concerned about CHina owning US debt (Saving bonds only ????) But, the actual amount is rather small, percentage wise. do you disagree?
And, I notice you keep on ignoring the names on the US Savings bonds, (I or EE, etc ) Probably doesn't say "CHINA" on the POD line. I am certain it's public information
Complaining to the wrong guy. I've been chirping about this stuff for years. Also railed against the foreign access pay for play that was the Clinton Foundation.runrussellrun wrote: ↑Thu May 23, 2019 1:28 pm Are you saying foreign nations influence US elections? Or, does that tune only play when we have a cretin the worse of the worse (except when he invites you to his wedding, like the Clintons ) sits in Washington DC
My nephew codes.runrussellrun wrote: ↑Thu May 23, 2019 9:04 amBecause ALL get callbacks when applying for THAT job. Lots of wallstreet banksters from Plymouth State, SUNH and Rivier, to go along with Dartmouth grads. Does Harvard extension school offer accredited degrees?Typical Lax Dad wrote: ↑Wed May 22, 2019 2:40 pmDon't know what to tell you. My view, is college is more than "job training". My view is also that it is not for everyone. Like most of your comments, your experience is most peoples?......cradleandshoot wrote: ↑Wed May 22, 2019 1:53 pmOf course as much as it is possible to do so. I actually am a bigger fan of helping these HS graduates that are not college material find their way into trade schools. My youngest son graduated with a business degree. He is now working as a security guard. Too many young people go to college with no idea of what they want to do in life.Typical Lax Dad wrote: ↑Wed May 22, 2019 1:28 pmWould you be OK with making some colleges "affordable"cradleandshoot wrote: ↑Wed May 22, 2019 12:38 pmIn all of that talk they never tell us how they plan on paying for it. What it really is is an idea with no plan. Free college...why? Is this the same guy that has railed about giving money to farmers. I understand the logic. The problem is there are a lot of things as a country we want to do. The problem is at some point we have to realize we can't afford to do everything. Unless there are untold mountains of money hiding out there that none of us know about.a fan wrote: ↑Wed May 22, 2019 12:14 pmMultiple candidates are talking universal health care and free college.cradleandshoot wrote: ↑Tue May 21, 2019 9:11 pm So What the heck is the Democrat plan to change this?? Exactly... the Democrats have no plan.
Those two things alone would have an massively positive effect on the lives of the bottom 50% of American earners.
Evaluating the Return on Investment in Higher Education
Learn to code ...or what A Fan says, "should've studied in HIGH school, all you GED losers in flyover states" B/c, I wasn't ,while spending all day long in the hospital, constantly peppered with questions about the very same "$tudy" talked about on these threads (genetic makeup and pre-disposed conditions) paid for by the tax payers, here in eastern Mass. Sure other hospitals in Dubuque, IA or PolPot, LA are getting the white collar welfare too
It's hard to do, but you can in fact default on your federal student loans.ABV 8.3% wrote: ↑Thu May 23, 2019 12:44 pmWhen you say "default", what does this actually mean? IN the UNited States, you can NOT write off student loan debt (as of now), so technically, I do not understand what you mean by "default" ? Late payments, partial payments, or NO payments. Are you saying that 11% of loans are NOT being paid back, at all?
YOu do realize that Larrys barber shop of the Florida academy of beauty gives/gets loans. Where did you get your numbers, skeptical about your 11%.
From Forbes. The default rate is not good, and getting worse.ABV 8.3% wrote: ↑Thu May 23, 2019 12:44 pmWhen you say "default", what does this actually mean? IN the UNited States, you can NOT write off student loan debt (as of now), so technically, I do not understand what you mean by "default" ? Late payments, partial payments, or NO payments. Are you saying that 11% of loans are NOT being paid back, at all?a fan wrote: ↑Thu May 23, 2019 12:19 pmWe're already running a Federal student loan program, remember? Know how much we're owed?
$1.56 Trillion. Know what the default rate is? 11%+
Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.
Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?
My socialist friend.
YOu do realize that Larrys barber shop of the Florida academy of beauty gives/gets loans. Where did you get your numbers, skeptical about your 11%.
Thats not my plan.a fan wrote: ↑Thu May 23, 2019 12:19 pmWe're already running a Federal student loan program, remember? Know how much we're owed?
$1.56 Trillion. Know what the default rate is? 11%+
Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.
Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?
My socialist friend.
Was going to college worth it for your kids?6ftstick wrote: ↑Thu May 23, 2019 5:28 pmThats not my plan.a fan wrote: ↑Thu May 23, 2019 12:19 pmWe're already running a Federal student loan program, remember? Know how much we're owed?
$1.56 Trillion. Know what the default rate is? 11%+
Yeah, let's stick with YOUR plan, and keep lending out money we don't have, to kids who can't afford it and have no collateral. $1.5 Trillion on the finger. Oh yeah, YOUR way is sooooo much smarter.
Trump just cut another $17 Billion to farmers to do nothing. You and Trump feeling guilty? How about just send that money to me, instead?
My socialist friend.
Aside from some athletic scholarship help my kids paid for most and borrowed the rest. And they're doing great!
Your boy Barry took over the student loan industry. Seems he failed to tell that to Maxine Waters and other members of the democrat caucus.