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#6151 | |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
Casino cash: $2409601
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Posts: 12,311
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#6152 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-1419523
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This is Not political at all but gives a great breakdown on the future of taxes during the next four years.
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Posts: 40,646
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#6153 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Hard to believe people voted for higher taxes. Dumbest shit I have ever seen.
Personal and corporate debt will be skyrocketing. That is why I am looking at Mid-cap financial services and banks that pay steady dividends. They have been doing great for me so far and another big day today. |
Posts: 43,200
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#6154 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Posts: 46,296
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#6155 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-1643101
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Posts: 53,117
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#6156 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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What about higher Corporation taxes? The increase will be passed on to consumers. I guess people forgot how high food was during Obama. Gas prices were double and all of our utility bills had a fuel charge added. The housing market crashed. The market tanked and banks got a bailout. Interest rates were double. Unemployment Double.
Will all of this happen again? My best guess is yes. |
Posts: 43,200
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#6157 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Quote:
The biggest issue we will see if deflationary pressure. It's coming regardless of who won the election as it's been happening for years. The Feds continuing to prop up the market, along with injecting money into the economy. This societal buildup of extending credit and accumulation of debt will lead to many problems in the next few years and some form of economic downturn. |
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Posts: 46,296
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#6158 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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I wish TwistedChief would come drop some financial knowledge in this thread.
He’s very informative and connected to the know. |
Posts: 46,296
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#6159 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
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Quote:
I mean Debt:GDP was almost as high as it's ever been PRE-COVID. I'm sure it's rocketed past that now. In principle I agree, but ![]() Check your PM's fool. |
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Posts: 59,928
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#6160 | |
Elway be drinkin' again
Join Date: Dec 2017
Location: Colorado USA
Casino cash: $5690000
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Posts: 5,267
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#6161 | |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Quote:
I completely agree with your second point though- you actually articulated much better- what I was driving at. If the market/economy downturns again to an Obama-type recession- Corporate debt and personal debt will be climbing even higher. I don't think the deficit is sustainable at these levels-let alone with another Covid bailout. People that can track where the money will be flowing ( through financial companies and banks, tech, social media) and stay away from where the money flow will be tightening ( Housing, automotive, entertainment??) will probably come out ahead in 4 years. The rest- good luck. |
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Posts: 43,200
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#6162 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-1419523
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Made a watch list on ETRADE for EV stocks. Plugged them in on 9/28/2020
The top four performers are all China stocks NIO up 140% XPEV up 120% LI up 94% BYDDF up 72% These are percentages since 9/28 !!!!!! China has to get turned over to EV's .They have no oil and have to import all of it and their air pollution is so bad. This solves both those problems. |
Posts: 40,646
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#6163 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $-1355266
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Well it doesn’t SOLVE the air quality problem but It definitely helps.
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Posts: 59,928
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#6164 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1348100
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Posts: 46,296
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#6165 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-1419523
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Done. thanks. Looks like it closed at 11.18 on 09/28/ That gives it 12.70% for the time frame
The list now consists of: NIO 140% XPEV 120% LI 94% BYDDF 72% Berkshire Hathway has a big stake in this one FSR 22% DRIV 21% Kars 21% GP 12% TSLA -3.25% WKHS -29% HYLN -51% |
Posts: 40,646
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