Economy

NDWarrior

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Not surprised that Trump would place tariff burdens on the U.S. consumer so that he also could use them to pressure countries to concede things to U.S. corporations and his cronies like Musk.
Leaked documents reveal hidden agenda behind Trump tariff demands

"As reported by The Washington Post Saturday, the internal government documents reveal pages of 'supplemental negotiating objectives,' among which include using tariffs to pressure countries to offer concessions for companies like the oil giant Chevron or Elon Musk’s Starlink."

Don't ever think that Musk is no longer buddies with Donnie. Their spat is contrived and nothing more than a distraction.
 

Giddyup

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Man just bullet point your posts. No one reads them dissertations but giggles Toronto Colorado and SeekNHelp
 

SeekNDestroy

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Man just bullet point your posts. No one reads them dissertations but giggles Toronto Colorado and SeekNHelp
Reading at a 3rd grade level has to suck for you. Can you even read the menu at McDonald’s?
 

Giddyup

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Giggles crew showed up. Love it. Guys ain’t too into showing their huge brains with logical reasoning and concise responses. But they’re useful idiot Dems obviously they checked out on that long ago.
 

NDWarrior

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Why do you constantly have to use objectifying language like But they’re useful idiot Dems?

When you dehumanize individuals, you turn life into black/white, us/them, right/wrong, good/bad, etc. and you block any chance of having a collaborative human discussion.

You only prove that you're a Maga drone as anything that doesn't line up with your Maga viewpoint (owned by Trump btw, so you're his bitch whether or not you know it), is automatically wrong, bad, and "them idiot Dems."

What does Giddyup the man really think? Do you have an original political thought? What are you all about? Did you experience trauma as a child?

I want to know who the REAL Giddyup is... Come on man, do tell us!
 
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SeekNDestroy

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Why do you constantly have to use objectifying language like But they’re useful idiot Dems?

When you dehumanize individuals, you turn life into black/white, us/them, right/wrong, good/bad, etc. and you block any chance of having a collaborative human discussion.

You only prove that you're a Maga drone as anything that doesn't line up with your Maga viewpoint (owned by Trump btw, so you're his bitch whether or not you know it), is automatically wrong, bad, and "them idiot Dems."

What does the Giddyup the man really think? Do you have an original political thought? What are you all about? Did you experience trauma as a child?

I want to know who the REAL Giddyup is... Come on man, do tell us!
Don’t encourage him!
 

Giddyup

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Bullet points my man.

Trauma? U guys are cute. Nobody touched me but whatever my dick hit her at 15. This is getting weird boys. Go find your dem traumas
 

NDVirginia19

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Irish#1

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Right. Direct government ownership of industry is generally a bad thing. More of it is not good. There's ways to subsidize key strategic industries without outright taking ownership of them
It would have to have some serious controls so there was no influence, but I don't know how you can make that work or if it would even work.
 

TorontoGold

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Right. Direct government ownership of industry is generally a bad thing. More of it is not good. There's ways to subsidize key strategic industries without outright taking ownership of them
The real goal, and one that Trump would get universal applause for (by those who understand finance) would be to allow for the social security funds to be invested into non-fixed income securities. It's what our pension funds do up here and they make a killing on it. Plus, you can always sell it as "Owned by American Taxpayers" so that nationalist folks like it.
 

NDWarrior

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The real goal, and one that Trump would get universal applause for (by those who understand finance) would be to allow for the social security funds to be invested into non-fixed income securities. It's what our pension funds do up here and they make a killing on it. Plus, you can always sell it as "Owned by American Taxpayers" so that nationalist folks like it.

I think you have to be careful with Social Security and Pension Plans. I'm all for individuals being able to invest their own personal accounts where they want to invest their money (with the known risks), but where the govt or large organizations are the custodians and they are managing people's money that is counted on for retirement, these investments can be risky and have negative fallout for individuals' retirement payouts (e.g., Pension Funds go under and workers get shafted at $0.10 on the $ payouts, or Social Security can't meet its payment obligations, etc.).

Markets go up in the long run of course, but there are longer time periods with bear markets where the stock market goes sideways to down (a longer-term cycle or consolidation period) that could stress these retirement entities and force some to go under and, again, paying pennies on the dollar.

I'm already hearing that big PE companies have been busy over the last 10-13 years executing leveraged buyouts of more-established retailers and restaurant chains, taking them private where 80% of purchase price is via leveraged loans. Like they did with subprime consumer mortgage loans 20 years ago, the PE companies have been selling off these loans as healthy debt to big banks like JP Morgan who then create mixed debt tranches and sell them off to large pension companies like TIAA Financial, etc.

So the debt time bomb exposure - that goes off when these larger retail and restaurant chains eventually go bankrupt and shut down all stores under the weight of leveraged debt that has stressed these companies as rates have now been going up since '22 - gets passed from PE companies to Big Banks to, you guessed it, large pension companies, where when they implode could have negative consequences for individual retirees (left holding the proverbial bag).
 
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Irish#1

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Markets fluctuate all the time, but it's shown long term that an account will grow and provide a bigger nest egg than what SSA does now.
 

NDWarrior

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Markets fluctuate all the time, but it's shown long term that an account will grow and provide a bigger nest egg than what SSA does now.

True as a I stated, but I do strongly believe we have a longer-term bear market period that we usually only see twice in our lifetime if that.
I see this market topping in January and then entering a long period (At least 7-8 year period of a sideways to down market consolidation - Think the 1969 to 1980 period).
So of course there will be multi-year bull runs in between the bear market years, but I think the S&P 500 could see 1000 to 1500 at the all-time low likely not until the early to mid 2030s, but more like 3800 to 4000 in the next 15-18 months.
We will see...
 

TorontoGold

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I think you have to be careful with Social Security and Pension Plans. I'm all for individuals being able to invest their own personal accounts where they want to invest their money (with the known risks), but where the govt or large organizations are the custodians and they are managing people's money that is counted on for retirement, these investments can be risky and have negative fallout for individuals' retirement payouts (e.g., Pension Funds go under and workers get shafted at $0.10 on the $ payouts, or Social Security can't meet its payment obligations, etc.).

Markets go up in the long run of course, but there are longer time periods with bear markets where the stock market goes sideways to down (a longer-term cycle or consolidation period) that could stress these retirement entities and force some to go under and, again, paying pennies on the dollar.

I'm already hearing that big PE companies have been busy over the last 10-13 years executing leveraged buyouts of more-established retailers and restaurant chains, taking them private where 80% of purchase price is via leveraged loans. Like they did with subprime consumer mortgage loans 20 years ago, the PE companies have been selling off these loans as healthy debt to big banks like JP Morgan who then create mixed debt tranches and sell them off to large pension companies like TIAA Financial, etc.

So the debt time bomb exposure - that goes off when these larger retail and restaurant chains eventually go bankrupt and shut down all stores under the weight of leveraged debt that has stressed these companies as rates have now been going up since '22 - gets passed from PE companies to Big Banks to, you guessed it, large pension companies, where when they implode could have negative consequences for individual retirees (left holding the proverbial bag).

Absolutely. I've audited plenty of pension funds and there are a TON of regulations that you need to abide by.

I don't think people should have access to their SS until retirement. Joe Blow will not make the correct the investing choices to direct it, and the government would have to create an insanely large admin department to just handle the KYC requests that would be needed to handle this. The people who do know how to invest aren't counting on the SS to ever mean anything. Up here it's like 1200 a month, so if I get that fine whatever, but the people who need that should absolutely not be touching it.

These pension funds typically don't operate how you or I would, and operate a lot more similar to a hedge fund. They participate in a lot of private market stuff - ie. mezz financing for promising companies. Which can be scary to the average Joe Blow, but the Funds have a lot of oversight. The Ontario Teachers Pension Plan owned shares in the Yankees and Leafs.

A pension plan as large as the SS would not partake in junk bond buying. It would allow the administrator to use it like a Sovereign Wealth Fund and prop up domestic companies while also earning strong returns for it's pensioners. Also, you'd have the absolute best and brightest on Wall Street angling to manage it.

I know the political angle will be "Corporate crony's taking our money to play with" but this is putting the investment decisions in the hands of the right people. Literally the free market working best. OR the Gov can continue borrowing against it to fund wars and only buy shit ass TBills.
 

Fbolt

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Bush tried this. Would be fabulous but this is living in fantasyland. To do so would require the Gov to admit their beyond crappy caretaking of SS and the money is already spent.

At one point I dreamt about managing my SS like my 401k. Then I woke up.
 

Irish#1

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And I crushed a box of Captain Crunch this morning.
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TorontoGold

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Bush tried this. Would be fabulous but this is living in fantasyland. To do so would require the Gov to admit their beyond crappy caretaking of SS and the money is already spent.

At one point I dreamt about managing my SS like my 401k. Then I woke up.

Not sure if you didn't read my post, or didn't understand. If it's the latter I'll explain it to you in an easier way.

Pension Plan's allocate portions of their funds through mandates with private money managers. If the Gov did this with SS this would allow for private money managers to invest those funds.

I hope this helps. Since you're awake, you could see that this kind of policy is in place all around the world.
 

calvegas04

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Buying some Halloween lights to replace some old ones. All the lights and Homedepot and Lowes are about double the price from last yyear.I guess we gotcha china!
 

GATTACA!

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Buying some Halloween lights to replace some old ones. All the lights and Homedepot and Lowes are about double the price from last yyear.I guess we gotcha china!
Didn’t you hear? There are too many holidays anyways!
 

calvegas04

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So everyone can agree every day goods are getting more and more expensive over the past few months right? Grocery bill is averaging about $20-$30 more over even a few months ago
 

GATTACA!

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So everyone can agree every day goods are getting more and more expensive over the past few months right? Grocery bill is averaging about $20-$30 more over even a few months ago
Biden’s fault.
 
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