Originally Posted by lewdog:
Who knew so many people made over $400k/year?
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. [Reply]
Originally Posted by Halfcan:
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.
It will likely be effected, yes. But Biden's tax plan is hardly progressive and for most Americans the effect will be minimal.
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. [Reply]
Originally Posted by lewdog:
It will likely be effected, yes. But Biden's tax plan is hardly progressive and for most Americans the effect will be minimal.
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.
I've thought this since 08. I also thought stagflation would be in full effect because interest rates have been all but 0% since 9/11. That hasn't come to pass either I'm not economist enough to know, but I'm open to missing the boat. It's certainly possible that it just doesn't matter.
I mean Debt:GDP was almost as high as it's ever been PRE-COVID. I'm sure it's rocketed past that now.
Originally Posted by lewdog:
It will likely be effected, yes. But Biden's tax plan is hardly progressive and for most Americans the effect will be minimal.
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.
I do not see deflation coming.If the economy severely contracts we will have "stagflation". [Reply]
Originally Posted by lewdog:
It will likely be effected, yes. But Biden's tax plan is hardly progressive and for most Americans the effect will be minimal.
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.
Wishful thinking with Biden- his record proves otherwise- and that is all I am going to say on that.
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. [Reply]
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. [Reply]
Originally Posted by Hog's Gone Fishin:
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.
Originally Posted by lewdog:
I'll add GP to your watchlist.
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% [Reply]
GP up 34% TODAY! Only news I found was it sold 6 school buses to California. :-)
I wish I'd put my life savings into it yesterday. That would've been awesome.
If we could put invest $1,000 into a 34 percent return every day, we'd have $6.5 million in a month. I really should concentrate on doing this. It's worth the time. [Reply]
NEW YORK, Nov. 16, 2020 /PRNewswire/ -- Tesla Inc. (NASD:TSLA) will be added to the S&P 500 effective prior to the open of trading on Monday, December 21 to coincide with the December quarterly rebalance. Due to the large size of the addition, S&P Dow Jones Indices is seeking feedback through a consultation to the investment community to determine if Tesla should be added all at once on the rebalance effective date or in two separate tranches ending on the rebalance effective date. Tesla will replace a S&P 500 company to be named in a separate press release closer to the rebalance effective date. [Reply]
Originally Posted by Rain Man:
I wish I'd put my life savings into it yesterday. That would've been awesome.
If we could put invest $1,000 into a 34 percent return every day, we'd have $6.5 million in a month. I really should concentrate on doing this. It's worth the time.
I think LEWDOG has a secret following and when he mentions a stock it goes ballistic. [Reply]
