US ECONOMY News and Discussion Thread

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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Mar 23, 2018 10:47 am

PrimeMinister wrote:
Zarniwoop wrote:

I linked to it yesterday. It’s an embarrassment


Unfortunately it's embarrassments like this that passes for non-partisan progress in Washington.



The worst thing that can happen in Washington is for both sides to get so much of what they want they are happy with a bill

As soon as you hear they both are you know the citizens are getting fucked
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Re: US ECONOMY News and Discussion Thread

Postby DreadNaught » Fri Mar 23, 2018 10:57 am

Zarniwoop wrote:
PrimeMinister wrote:
Unfortunately it's embarrassments like this that passes for non-partisan progress in Washington.



The worst thing that can happen in Washington is for both sides to get so much of what they want they are happy with a bill

As soon as you hear they both are you know the citizens are getting fucked


This is how felt after reading about it last night. Literally the exact sentiments.
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Re: US ECONOMY News and Discussion Thread

Postby PrimeMinister » Fri Mar 23, 2018 11:12 am

DreadNaught wrote:
Zarniwoop wrote:

The worst thing that can happen in Washington is for both sides to get so much of what they want they are happy with a bill

As soon as you hear they both are you know the citizens are getting fucked


This is how felt after reading about it last night. Literally the exact sentiments.


This crap is depressing.
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Re: US ECONOMY News and Discussion Thread

Postby The Outsider » Fri Mar 23, 2018 11:22 am

But guys, it's COOPERATION.
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Re: US ECONOMY News and Discussion Thread

Postby Buc2 » Fri Mar 23, 2018 11:27 am

The Outsider wrote:But guys, it's COOPERATION.

We need to be more careful of what we wish for.
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Fri Mar 23, 2018 1:38 pm

DreadNaught wrote:Hopefully Trump vetoes it. But I doubt it. It doesn't have the required 2/3 support to overturn a veto.

Signed.
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Mar 23, 2018 1:41 pm

Awesome everybody gets more of everything!!!!!!!!!



Including our kids and grandkids....we are giving them a great big bill to pay
Last edited by Zarniwoop on Fri Mar 23, 2018 1:43 pm, edited 1 time in total.
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Re: US ECONOMY News and Discussion Thread

Postby Buc2 » Fri Mar 23, 2018 1:42 pm

Yippie! Where's mine?
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Fri Mar 23, 2018 1:45 pm

Buc2 wrote:Yippie! Where's mine?

There's going to be a 75 mile stretch of border wall you can look at soon. Mexico didn't pay for it though.
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Mar 23, 2018 1:46 pm

Buc2 wrote:Yippie! Where's mine?





How anyone can think that this shithole government needs more money or influence is beyond me
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Fri Mar 23, 2018 1:52 pm

I know Jack squat about this bill. What has everyone so upset about it more than any other year?
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Mar 23, 2018 1:57 pm

There’s lots of good summaries on line

Reason and National Review have good articles. Or just read the last 48 hours of Rand Paul’s Twitter feed


Not only are we not making the necessary cuts we are expanding spending in so many areas that we already waste money on
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Mar 23, 2018 2:02 pm

For perspective folks .... if the government were to seize every dollar and coin in circulation, then steal every ounce of gold that has ever been mined in the history of the world, it could pay down half the debt. HALF! And the solution every president and Congress has had for the last 50 years is to add to it
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Re: US ECONOMY News and Discussion Thread

Postby deltbucs » Fri Mar 23, 2018 2:09 pm

Zarniwoop wrote:For perspective folks .... if the government were to seize every dollar and coin in circulation, then steal every ounce of gold that has ever been mined in the history of the world, it could pay down half the debt. HALF! And the solution every president and Congress has had for the last 50 years is to add to it

All we need to do is elect a businessman to be president and he'll fix it.
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Re: US ECONOMY News and Discussion Thread

Postby HamBone » Fri Mar 23, 2018 3:13 pm

"I will never sign another bill like this again." President Trump.
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Mar 23, 2018 3:16 pm

HamBone wrote:"I will never sign another bill like this again." President Trump.



Did he really say that?


1. I doubt he will stick to it

2. Even if he does it’s one bill too late



I’ll just steal this money this time...then I’ll stop. Applaud me
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Re: US ECONOMY News and Discussion Thread

Postby The Outsider » Fri Mar 23, 2018 3:26 pm

deltbucs wrote:
Zarniwoop wrote:For perspective folks .... if the government were to seize every dollar and coin in circulation, then steal every ounce of gold that has ever been mined in the history of the world, it could pay down half the debt. HALF! And the solution every president and Congress has had for the last 50 years is to add to it

All we need to do is elect a businessman to be president and he'll fix it.


Elect me! I'm a poor businessman! But I'll cut military spending, legalize pot and tax the hell out of it, and attempt to tax the rich before they JFK me.
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Re: US ECONOMY News and Discussion Thread

Postby HamBone » Fri Mar 23, 2018 3:28 pm

Zarniwoop wrote:
HamBone wrote:"I will never sign another bill like this again." President Trump.



Did he really say that?


1. I doubt he will stick to it

2. Even if he does it’s one bill too late



I’ll just steal this money this time...then I’ll stop. Applaud me



Seems he did...right before asking for line-item veto power.

He also said this,"My highest duty is to keep America safe,” Trump said. “We need to take care of our military.”

I dunno about others...but, I think making sure we don't bankrupt ourselves or have to sell or children, grandchildren, great-grandchildren, etc into slavery...is a huge part of keeping America safe.
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Fri Mar 23, 2018 4:53 pm

Well at least we're taking care of Defense contractors for once.
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Fri Mar 23, 2018 9:21 pm

PrimeMinister wrote:
RedLeader wrote:

It certainly shouldn't be surprising to most Americans.

According to the Global Rich List, a website that brings awareness to worldwide income disparities, an income of $32,400 a year will allow you to make the cut.

$32,400 amounts to roughly:

30,250 Euros
2 million Indian rupees, or
223,000 Chinese yuan

So if you’re an accountant, a registered nurse or even an elementary school teacher, congratulations. The average wage for any of these careers falls well within the top 1% worldwide.





Greedy bitches.



Link: https://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp

#someperspective


Thank God the cost of living is the same in India as it is in the US amirite?

Just comparing the largest metro areas in each:

Indices Difference Info
Consumer Prices in New York, NY are 218.45% higher than in Mumbai
Consumer Prices Including Rent in New York, NY are 271.65% higher than in Mumbai
Rent Prices in New York, NY are 353.47% higher than in Mumbai
Restaurant Prices in New York, NY are 289.03% higher than in Mumbai
Groceries Prices in New York, NY are 223.13% higher than in Mumbai
Local Purchasing Power in New York, NY is 35.35% higher than in Mumbai

......

Rent Per Month [ Edit ] [ Edit ]
Apartment (1 bedroom) in City Centre:
37,269.84 Rs (572.19 $) India
205,537.60 Rs (3,155.56 $) New York
+451.49 %


Still in that 1% though!
#someperspective
https://www.numbeo.com/cost-of-living/c ... York%2C+NY


Um.. did you just try really hard to make the case that the WEALTHIEST CITY IN THE WORLD is not in the "ONE PERCENT"...?






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Re: US ECONOMY News and Discussion Thread

Postby mdb1958 » Sat Mar 24, 2018 6:47 am

Mountaineer Buc wrote:
Buc2 wrote:Yippie! Where's mine?

There's going to be a 75 mile stretch of border wall you can look at soon. Mexico didn't pay for it though.



Mexico didn't pay for it though.


He will get the Canadian fruitloop and the Mexican pres fired first!

#Rungs on the ladder
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Re: US ECONOMY News and Discussion Thread

Postby Jason Bourne » Sat Mar 24, 2018 7:07 am

Buy buy buy ...

#trump is unfit
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Mon Apr 02, 2018 8:49 pm

Economies most at risk in a global trade war, based on trade as a % of GDP (2016)

1 Luxembourg 407%
2 Hong Kong 373%
3 Singapore 318%
4 Malta 268%
5 Ireland 221%
6 UAE 205%
7 Slovakia 186%
8 Vietnam 185%
9 Hungary 169%
10 Belgium 164%

China 37%
US 27%

World Bank
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Mon Apr 02, 2018 9:04 pm

THE WEALTH REPORT 2018

The 2018 edition of The Wealth Report, now in its 12th year, tracks the trends of the world’s wealthiest people and how they influence real estate markets around the globe.

Below we have assembled 20 key findings from this year’s report, jointly produced by Douglas Elliman | Knight Frank Residential along with data specialists, Wealth-X.

FOLLOW THE MONEY

Tracking wealth concentration and the flow of capital

1) The number of UHNWIs (Ultra High Net Worth)– individuals with $50m+ in net assets – increased by 10% in 2017, taking the total to 129,730 individuals globally.

2) The number of HNWIs – individuals with $5m in net assets – is set to rise 43% by 2022 to a total of 3,617,550.

3) New York leads all global cities in households earning $250k+ per year, with more than 1,167,000 counted. Los Angeles comes in 2nd place with 637,000.

4) North America remains the world’s largest wealth region. Some 34% of the world’s ultra-wealthy are based here, and their ranks rose by a further 5% last year, taking the total to 44,000.

5) 20% of the UHNWIs (Ultra High Networth Individuals) in North America plan to buy another residential home in-country in 2018, versus 10% who plan to purchase a home out-of-country.

6) In China, the population of those with $50M+ will more than double in the next 5 years. There will also be strong growth in Japan (+51%), India (+71%), Indonesia (+66%) and Malaysia (+65%).

7) Based on wealth, investment opportunity, lifestyle and future growth, New York is the most desired global location for the ultra-wealthy. London comes in second. San Francisco is the 3rd most desired location, and the second most desirable city by lifestyle



(Sorry PM - no COLA available)
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Mon Apr 02, 2018 9:04 pm

RedLeader wrote:Economies most at risk in a global trade war, based on trade as a % of GDP (2016)

1 Luxembourg 407%
2 Hong Kong 373%
3 Singapore 318%
4 Malta 268%
5 Ireland 221%
6 UAE 205%
7 Slovakia 186%
8 Vietnam 185%
9 Hungary 169%
10 Belgium 164%

China 37%
US 27%

World Bank

Lesson learned. The only way to win is not to play.
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Mon Apr 02, 2018 11:26 pm

Mountaineer Buc wrote:
RedLeader wrote:Economies most at risk in a global trade war, based on trade as a % of GDP (2016)

1 Luxembourg 407%
2 Hong Kong 373%
3 Singapore 318%
4 Malta 268%
5 Ireland 221%
6 UAE 205%
7 Slovakia 186%
8 Vietnam 185%
9 Hungary 169%
10 Belgium 164%

China 37%
US 27%

World Bank

Lesson learned. The only way to win is not to play.



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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Mon Apr 09, 2018 8:17 pm

Market return for first 444 days in office:

FDR : 70.4%
Reagan: 41.4%
Teddy Roosevelt: 37.4%
Obama: 32.5%
Bill Clinton: 32.2%
George H.W. Bush: 21.4%
Trump: 20.7%

‪Bloomberg
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Mon Apr 09, 2018 8:21 pm

RedLeader wrote:Market return for first 444 days in office:

FDR : 70.4%
Reagan: 41.4%
Teddy Roosevelt: 37.4%
Obama: 32.5%
Bill Clinton: 32.2%
George H.W. Bush: 21.4%
Trump: 20.7%

‪Bloomberg

New Deal for the win!
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Mon Apr 09, 2018 8:35 pm

Mountaineer Buc wrote:
RedLeader wrote:Market return for first 444 days in office:

FDR : 70.4%
Reagan: 41.4%
Teddy Roosevelt: 37.4%
Obama: 32.5%
Bill Clinton: 32.2%
George H.W. Bush: 21.4%
Trump: 20.7%

‪Bloomberg

New Deal for the win!


Just wait until those tariffs kick in! ;)
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Apr 27, 2018 5:47 pm

Growth reported at only around 2.4% this quarter. Not nearly as strong as hoped for.

Cost of labor rose at an annualized 3% rate this quarter
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