Investing

[Screwball]

The banksters always win. Remember, even when the stock market takes a ****, they make money by shorting it, and make even more money of others doing the same. 

As far as the cap thing goes. Price controls are never a good thing when you go back through history. A guy who was a regular in the investment board 3 boards ago, lived in Detroit, guy named Rhino, posted a really good article about price controls and how that kind of stuff worked throughout history. I have hunted for that article since and can't find it. 

They don't work. Not to get political here, but both sides have advocated for it (I have proof). At the end of the day it's all about feeding the credit/ponzi financial system we are all a prisoner of (maybe not all). I don't know how they can wave a magic wand and cap rates, but if they can and do, the swine bankers also have the option of not giving credit. Some may say it ain't the banks it would be the CC companies, true, but at the end of the day we are talking about credit and balance sheets and it all goes through the banks - especially the 21 (not sure how many now) broker-dealers of Wall Street. Those who run our world.

I guess it all boils down to what you think is good or bad when it comes to the issuance of credit. Interest compounds. Exponents are a bitch.

ON EDIT: building on what Del said; they will just find another way to **** us, and their obedient servants in CONgress will gladly hide that in the next bill and nobody will ever know. 

Edited Sunday at 05:03 AM by Screwball

[oblong]

I have a lot of CC cards but zero CC debt. Just accumulated them over the years and they send me new ones. I have one affiliated with my bank that I keep just in case I have any issues with my debit card and I leave it home for my son to use in case or any emergencies that came up if we were gone for a few days. That way the balance is readily visible if I open my bank app.  The only one I use regularly is my delta Amex. The perk I get is one free flight a year and generous point allowances for purchases.  I pay it off each month and only use it for regular purchases.  Seems like every other year our flights are paid for and for the others I use points to upgrade to comfort plus. and I reached “status” and got an upgrade to business class once.  Don’t fly more than twice a year. Fine. But while the annual fee is below the cost of a typical flight it’s close enough where I have to think about it.  Don’t care about their clubs at the airports.  Not my scene.  Detroits a delta hub and I go with it. 

[Deleterious]

 

[Screwball]

This is too funny. It looks like a mafia Don (no pun intended) leaning on their enemy. Mis-spent money charges if I read this right, about a renovation at the Fed? NO, that never happened in the history of the good old U S of ****ing A (not only the Fed but any .gov project). Too funny, but I digress...

He wants zero interest, so do many others. Easy and free money creates more money - credit is money. Sign the paper - you just created money. The more money you create the bigger the pie. Who controls the pie, who gets it first, and who knows how it works better than (drum roll) the banksters. Then there is the whole paying it back thing, or not... The ponzi must continue - enter Bill Ackman - hedge fund billionaire, and the response from the old Reagan budget director. Michigan guy if I remember right. I always get a kick out of him. Quite a wordsmith, like him or not.

He won't be a nominee for the next Fed chair, and I will bet my entire life savings on that. 🙂

[Deleterious]

Those two working together?

[Deleterious]

Quote

Under the new deal, which is close to being completed, the U.S. would lower tariffs on goods coming from Taiwan from the current 20% rate, while Taiwan would agree to more than $300 billion in foreign direct investment and other spending in the U.S., one of the people said. The sum includes and expands upon a $165 billion commitment TSMC outlined last year. 

With the new pledge, the company would build several new fabs in Arizona, which would bring its total footprint there to roughly a dozen plants, the people said. 

The new planned Arizona plants would produce logic chips—the processors designed by Nvidia, AMD and other top TSMC customers that are used for AI and other advanced computing. The company has also committed to building two new factories to make semiconductors known as packaging chips, which provide supporting functions. 

 

[Deleterious]

Between $8 and $9 trillion in Treasury debt has to be refinanced in 2026.

 

[Screwball]

1 hour ago, Deleterious said:

Between $8 and $9 trillion in Treasury debt has to be refinanced in 2026.

 

NO, tell me it ain't so!!!!!! Jesus H Christ - anyone with two brain cells know how this works since the beginning of credit and interest.

I'm glad I'm old. 

[gehringer_2]

3 minutes ago, Screwball said:

NO, tell me it ain't so!!!!!! Jesus H Christ - anyone with two brain cells know how this works since the beginning of credit and interest.

I'm glad I'm old. 

Uncle Sam is the only debtor that has the option of deliberately inflating his way out of debt. I guess if that is what is going to happen  - go buy a house on 30yr fixed rate mortgage even if it's a stretch. One of the few ways for a middle class person to survive inflation is hold an inflating asset and a deflating loan.

[Screwball]

We can't and won't inflate our way out of debt. That's just silly.

Edited yesterday at 02:12 AM by Screwball

[gehringer_2]

25 minutes ago, Screwball said:

We can't and won't inflate our way out of debt. That's just silly.

it's what we always do. At 2% inflation the debt cuts itself in half (in real $) every generation (20yr)

Edited yesterday at 02:37 AM by gehringer_2

[Screwball]

Are you serious? I want some of what you are smoking. We are 38 trillion dollars in debt, and pay interest on said debt. From FRED, and I shouldn't even have to do this;

https://fred.stlouisfed.org/series/A091RC1Q027SBEA

And even on the 2 percent BS, that's a double every 36 years. Exponents are a bitch. You should know that.

[gehringer_2]

1 hour ago, Screwball said:

Are you serious? I want some of what you are smoking. We are 38 trillion dollars in debt, and pay interest on said debt. From FRED, and I shouldn't even have to do this;

https://fred.stlouisfed.org/series/A091RC1Q027SBEA

And even on the 2 percent BS, that's a double every 36 years. Exponents are a bitch. You should know that.

It is what its is, every dollar they borrow to day is worth 2% less (minimum - more like 3% now). It's been the secret sauce that combines with growth to prevent the debt from completely  eating the debt as % of GDP figure, which is of course still rising now faster than ever because all the budget controls are gone completely with this admin - so no arg there. But that is why for the 70 yrs since WWII no-one has ever cared if the number of $ of the debt goes down. 2-3% inflation, a couple % of growth, and they've kept debt as % of GDP under control (which is how they judge it), but they are trying damn hard to completely lose control now, which is why your gov wants cheap money more than they care about inflation.

Edited yesterday at 03:46 AM by gehringer_2

[Screwball]

Quit digging.

[gehringer_2]

22 minutes ago, Screwball said:

Quit digging.

I could as easily say, be serious. If you don't think that is how the system works, fine, but it is. 😉

Edited yesterday at 04:16 AM by gehringer_2

[Deleterious]

Big win for Google.

Apple really is going out of their way not to dump billions into developing their own AI.  They seem content to just sit back and wait until someone actually starts to make money on it, then probably buy it.  Probably cheaper in the long run.  Not burning billions per year on something that isn't giving an ROI anytime soon is better for shareholders, too.  

 

[Deleterious]

I know I shouldn't think this way.  But if you get scammed by meme coins now, you sort of deserve it.

 

[Screwball]

So a pol ****ed people? No, tell me it ain't so!

[Deleterious]

 

[Deleterious]

 

[Deleterious]

Eh, this isn't really that kind of thread.