stock market was up today...

[SpaceCoastVol]

The truth is a president's role in the performance of the stock market (up or down) is almost always exaggerated.

In the micro, this is true. But if Xiden gets his corporate tax rates rammed down our throats, you are going to see jobs leave for where they are treated better. It is beyond moronic to think otherwise. The leftists are all in thinking the rest of the world will go along with their baseline tax rate... to which I say LOL. Ireland, Hungary and a couple of others will laugh their asses off at the lunacy and welcome all the new industry beating down their door. You are a fool if you believe otherwise.

 

[SpaceCoastVol]

At least Joe has a plan on how he can fix inflation.

Biden insists massive government spending will tamp down inflation

He knows he will be dead well before the effects are felt.

 

[Orangeburst]

He knows he will be dead well before the effects are felt.

Can u believe it? Opposite of correct on everything, well unless it is intentional

 

[Rickyvol77]

I especially love when people work hard to make sure trump gets credit for the vaccine just before telling us that Covid is a hoax and they won't be taking the vaccine. As long as trump gets his props.

Who has posted that Covid is a hoax?

 

[Thunder Good-Oil]

Maybe changing the nine- justice court and axing the filibuster are bad ideas, but neither was established in the Constitution. They're just traditions.

The Constitution says DC is federal, but that could be amended, as it has been many times. There's no principle that says a person on one side of the line can vote for a senator, and a person on the other side can't.

When I said attacking the Constitution, I didn’t mean an actual physical assault on the pieces of paper either.

Amending or changing the Constitution isn’t necessarily an assault on the Constitution. What the Dems are considering doing for partisan gains by disrupting our governmental framework is definitely an assault. I’m speaking metaphorically if that helps you comprehend the point. The Constitution and the country are inseparable.

 

[Thunder Good-Oil]

In the micro, this is true. But if Xiden gets his corporate tax rates rammed down our throats, you are going to see jobs leave for where they are treated better. It is beyond moronic to think otherwise. The leftists are all in thinking the rest of the world will go along with their baseline tax rate... to which I say LOL. Ireland, Hungary and a couple of others will laugh their asses off at the lunacy and welcome all the new industry beating down their door. You are a fool if you believe otherwise.

The tax hike desires of the leftists/liberals/progressives/Dems alongside their romance with unions incentivize a non-competitive environment for businesses to invest in US based production. Their platform is a disaster.

 

[Septic]

For about the thousandth time, not getting the vaccine is not political.

Not for you, perhaps.

 

[Velo Vol]

In the micro, this is true. But if Xiden gets his corporate tax rates rammed down our throats, you are going to see jobs leave for where they are treated better. It is beyond moronic to think otherwise. The leftists are all in thinking the rest of the world will go along with their baseline tax rate... to which I say LOL. Ireland, Hungary and a couple of others will laugh their asses off at the lunacy and welcome all the new industry beating down their door. You are a fool if you believe otherwise.

I'm going to say no, Ireland is not going to surpass the US in per capita GDP (or whatever your measure is).

However, if you want to argue the merits of Ireland's social welfare system, I'll give it a listen. Did you know that 80% of healthcare spending there goes through the government?

 

[Thunder Good-Oil]

I'm going to say no, Ireland is not going to surpass the US in per capita GDP (or whatever your measure is).

However, if you want to argue the merits of Ireland's social welfare system, I'll give it a listen. Did you know that 80% of healthcare spending there goes through the government?

How do they surpass it when it’s nearly half again as much already?

 

[85SugarVol]

Maybe changing the nine- justice court and axing the filibuster are bad ideas, but neither was established in the Constitution. They're just traditions.

The Constitution says DC is federal, but that could be amended, as it has been many times. There's no principle that says a person on one side of the line can vote for a senator, and a person on the other side can't.

Let them vote in Maryland.

 

[BreatheUT]

BDS

Badly Dumped Sewage?

 

[Velo Vol]

How do they surpass it when it’s nearly half again as much already?

OK. Dove into the GDP numbers and it turns out Ireland's are very skewed, thanks to corporate tax law.

Multinationals make Ireland’s GDP growth ‘clearly misleading’

This first happened in 2015 when Ireland posted a gravity-defying 26 percent gain in GDP, the highest ever recorded in post-war Europe. Nobel-winning economist Paul Krugman dubbed it “leprechaun economics.”

Eventually it became clear that much of that 2015 gain reflected Apple’s decision that year to shift its intellectual property assets to an Irish domicile. The IMF calculated in 2018 that a quarter of Ireland’s GDP growth could be attributed to global sales of iPhones, with other Apple units paying the Irish unit to use its IP.

If that's how you think a nation's prosperity should be judged, OK, but for the people living there it's much different:

When factoring in Irish households’ relatively weak purchasing power in their expensive economy, he finds that Ireland’s true per capita wealth — as measured by an internationally used index called Actual Individual Consumption — falls to only 95 percent of the EU average.

Employing GNI* and adjusting for higher Irish prices, Honohan finds that Ireland comes only 12th in EU prosperity. Its economic activity per head of population falls behind the U.K., the Nordics, Austria, Belgium, France, Germany, Italy, the Netherlands and — as always — Luxembourg.

 

[Thunder Good-Oil]

OK. Dove into the GDP numbers and it turns out Ireland's are very skewed, thanks to corporate tax law.

Multinationals make Ireland’s GDP growth ‘clearly misleading’

If that's how you think a nation's prosperity should be judged, OK, but for the people living there it's much different:

Ireland has one of the lowest corporate tax rates in the developed world. They attract foreign investment and headquarters to domicile there. So this alternative measure strips out the impact from that foreign investment and claims that it’s not as impressive as the traditional GDP measure indicates (#3 in the world). Well duh!

 

[StarRaider]

The Constitution and the country are inseparable.

Amen

 

[StarRaider]

Let them vote in Maryland.

Problem. Solved.

 

[evillawyer]

Dow's up nearly 600 points today. Where are my chicken littles today?

 

[NorthDallas40]

Dow's up nearly 600 points today. Where are my chicken littles today?

Shouldn’t you be cherry picking lumber price points to shill for the dementia patient shrew?

 

[Velo Vol]

Ireland has one of the lowest corporate tax rates in the developed world. They attract foreign investment and headquarters to domicile there. So this alternative measure strips out the impact from that foreign investment and claims that it’s not as impressive as the traditional GDP measure indicates (#3 in the world). Well duh!

The issue is how much Irish citizens actually benefit from corporate money being parked there. The previous post suggested that corporations are taking all the jobs there, and that's only modestly happening.

 

[Thunder Good-Oil]

The issue is how much Irish citizens actually benefit from corporate money being parked there.

I’d think that it’s similar to Saudi’s benefiting from oil being under the sand there.

 

[Velo Vol]

Dow's up nearly 600 points today. Where are my chicken littles today?

I got to assume that these "Biden is bad for the stock market" people have sold all their stocks and are all into gold, bitcoin, or something.

 

[Velo Vol]

I’d think that it’s similar to Saudi’s benefiting from oil being under the sand there.

Maybe. Is there a class of super rich Irish? I don't know as much about that nation as others European ones.

 

[Thunder Good-Oil]

I got to assume that these "Biden is bad for the stock market" people have sold all their stocks and are all into gold, bitcoin, or something.

Gold doesn’t generate income and isn’t a great long term hold. But with the Biden inflation rolling it’s a good idea right now. Crypto would be a great place to be if its creation was capped at something other than infinity. Something might be in a narrowish trading range for the next year.

 

[Thunder Good-Oil]

Maybe. Is there a class of super rich Irish? I don't know as much about that nation as others European ones.

Fairly small population base. Low tax rate will bring much wealth to the government. It might could pay for a lot of free healthcare and education… but that won’t define their system as socialist. Instead let’s call it highly successful capitalism.

 

[Septic]

Dow's up nearly 600 points today. Where are my chicken littles today?

@W.TN.Orange Blood will be by any second now to thank biden.

 

[Thunder Good-Oil]

I’m not overly confident that Harris-Biden is more likely to skillfully manage the economy than to screw it up. High frequency traders should be happy with the market volatility though.