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  1. #26
    my unders, my frgn whites pgardn's Avatar
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    Good buying opportunity.
    It might be.

    But it also means others had to bail out.
    I don’t think that’s good news for all.

  2. #27
    Mr. John Wayne CosmicCowboy's Avatar
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    Sure thing Benghazi boy.


    That's your best shot? You have me confused with someone else.

    Depression can breed confusion. Still sucks to be you.

  3. #28
    Mr. John Wayne CosmicCowboy's Avatar
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    It might be.

    But it also means others had to bail out.
    I don’t think that’s good news for all.
    The only ones that had to bail were speculating and leveraging. I dont have a lot of sympathy.

  4. #29
    NostraSpurMus phxspurfan's Avatar
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    randomguy wtf

    have you heard of 401k
    apparently CrackerBarrel doesn't offer 401k

  5. #30
    my unders, my frgn whites pgardn's Avatar
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    The only ones that had to bail were speculating and leveraging. I dont have a lot of sympathy.
    Not necessarily.
    The older you are, the worse this hurts.
    Unless you are sure of a quick recovery.
    These events can domino underlying weakness that some had projected were already there ready to be set loose.

    This game is very difficult over short periods.

    If everyone reacts by buying, they will very likely be buying high (depending on what kind of time frame we are looking at)

  6. #31
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    Meh. Most stocks and bonds are owned by the richest few hundred families in the US.

    Most people don't really feel too impacted by markets since most in the US don't own anything.

    The few with retirement savings will see a hit to be sure but for most Americans, which include just about everybody living paycheck to paycheck... pfft.
    This is very untrue statement.

  7. #32
    Veteran DMC's Avatar
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    Gold prices should rise. Money either way.

  8. #33
    Veteran DMC's Avatar
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    This is very untrue statement.
    You quoted a guy who has to save up for a beer.

  9. #34
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    Baghdad Bob style, this is straight up disinfo :

    LK is not an economist, he only plays one on TV, which is good enough for Trash.

  10. #35
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Over 50% of Americans own stock, either directly, or as part of a fund. This jumps to 75% for those making at least 75K, and almost 90% for those making 100K or more.
    84% of the value in all those stocks are owned by the top 10th percentile. The bottom 80% only own ~7% of the value. So if we're looking at who's really taking a severe hit from this, it really is the top of the foodchain.

    (as a side note, this is also indicative how speculation in the bond/futures market is generally considered a much better investment (shorter term, less risk, higher yield) than creating jobs and the whole trickle down meme)

  11. #36
    Atheist Ninja RandomGuy's Avatar
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    That's your best shot? You have me confused with someone else.

    Depression can breed confusion. Still sucks to be you.
    No, I remember your thread where you were super-concerned about Hillary and Benghazi, and the endless investigations. You get to own that moehill.

    Just like you get to own the personification of your party's deepest wish. "i didn't vote for him, but there is nothing wrong with the ideology that worships him"

  12. #37
    Atheist Ninja RandomGuy's Avatar
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    Meh. Most stocks and bonds are owned by the richest few hundred families in the US.

    Most people don't really feel too impacted by markets since most in the US don't own anything.

    The few with retirement savings will see a hit to be sure but for most Americans, which include just about everybody living paycheck to paycheck... pfft.

    This is very untrue statement.
    The richest 1% own 50% of stocks held by American households January 17, 2019
    https://finance.yahoo.com/news/the-r...150758595.html

    What percentage of Americans own stocks?
    https://www.politifact.com/factcheck...ns-own-stocks/

    "despite the fact that almost half of all households owned stock shares either directly or indirectly through mutual funds, trusts, or various pension accounts, the richest 10 percent of households controlled 84 percent of the total value of these stocks in 2016."
    https://www.nber.org/papers/w24085

    78% Of Workers Live Paycheck To Paycheck
    https://www.forbes.com/sites/zackfri.../#32b6eb804f10



    -------------------------------------

    https://www.stlouisfed.org/open-vaul...-facts-figures
    What Wealth Inequality in America Looks Like: Key Facts & Figures

    1) Income inequality has grown.


    2) Wealth inequality is starker.
    Last edited by RandomGuy; 4 Weeks Ago at 07:00 AM.

  13. #38
    Atheist Ninja RandomGuy's Avatar
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    All of the real gains in wealth of our economy have flowed from poor workers to the richest people in the country. It is open class warfare by the wealthy on everyone else, and they are winning while useful idiots like Darrin pretend that this is sustainable or even healthy for the economy.

  14. #39
    Atheist Ninja RandomGuy's Avatar
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    Trump claims coronavirus is 'going to go away' despite mounting concerns
    https://www.cnn.com/2020/02/25/polit...ics/index.html

  15. #40
    Mr. John Wayne CosmicCowboy's Avatar
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    All of the real gains in wealth of our economy have flowed from poor workers to the richest people in the country. It is open class warfare by the wealthy on everyone else, and they are winning while useful idiots like Darrin pretend that this is sustainable or even healthy for the economy.
    That's oversimplified bull . Wealth is not a finite pie where someone has to lose in order for someone else to gain.

  16. #41
    TRU 'cross mah stomach LaMarcus Bryant's Avatar
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    That's oversimplified bull . Wealth is not a finite pie where someone has to lose in order for someone else to gain.
    Tell that to every trickle-down supporting policymaker for the last 40 years

  17. #42
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    That's oversimplified bull . Wealth is not a finite pie where someone has to lose in order for someone else to gain.
    no one claimed the pie was finite, RichBoy

    90%+ of ALL growth in the pie since the Banksters Great Depression has gone to the top

    Same story since the oligarchy got the Diseased Idiot and his gang into office in 1980.

    Real Household Incomes for 40 years have been effectively, relatively FLAT (not getting ahead) while the top 1% gorges itself, predatorily, on ALL new wealth created.

    USA is now a totally rigged rentier economy, with Capitalists owning nearly all gateways to services, like health care, telecomms, housing, money, water, electricity, etc and raise their gateway fees to extract, like Wealth Sucking Vampires, from non-Capitalists, while Capitalists (and the military) destroy the commons with development, resource extraction, pollution of air, land, water, the external costs of remediation, if any, are paid by the non-Capitalists. (although Trash has effectively stopped toxic Superfund cleanups)
    Last edited by boutons_deux; 4 Weeks Ago at 08:56 AM.

  18. #43
    my unders, my frgn whites pgardn's Avatar
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    It’s still not a good look for a healthy country with a vibrant middle class.

    50% of taxpayers pay 3% of taxes. The other 50% pays the rest, 97%.

    We can keep dealing out numbers to our liking, but I don’t see how most of these numbers lead to the conclusion we even have a middle class by the 50s definition. If team red can claim that 50% of the country are just lazy asses or not ambitious ( o Darrin), then this at ude problem is a deep sickness. The press has to whip up a frenzied battle to get 65% of the voting public to even vote.

    No skins in in the game and you don’t give a . This is a problem.

  19. #44
    Veteran hater's Avatar
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    That's oversimplified bull . Wealth is not a finite pie where someone has to lose in order for someone else to gain.
    lol its not BS

    of course wealth at any given point in time is finite and measurable

    % of the pie goes from non rich to rich is measurable and visible over time

  20. #45
    Mr. John Wayne CosmicCowboy's Avatar
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    lol its not BS

    of course wealth at any given point in time is finite and measurable

    % of the pie goes from non rich to rich is measurable and visible over time
    How the can you claim wealth is finite? That's just dumb. It doesn't cost you a penny when Bezo's wealth goes up by a billion.

  21. #46
    dangerous floater Winehole23's Avatar
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    When China sneezes...

    While the negative effects of the epidemic on oil demand are not likely to last, the outbreak could damage the Chinese economy enough to lead to a more prolonged period of subdued demand and oil prices.

    Whereas oil producers in places like Iraq and Saudi Arabia could see a 10% drop in profits, those in the United States could lose as much as 60% of their profits due to the much higher break-even price for the average oil well drilled in shale fields at roughly $45 a barrel.
    https://oilprice.com/Energy/Energy-G...ronavirus.html

  22. #47
    Veteran hater's Avatar
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    How the can you claim wealth is finite? That's just dumb. It doesn't cost you a penny when Bezo's wealth goes up by a billion.
    if it can be measured it is finite

    https://www.federalreserve.gov/econres/scfindex.htm

  23. #48
    Mr. John Wayne CosmicCowboy's Avatar
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    That's just ing stupid.

  24. #49
    Veteran hater's Avatar
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    That's just ing stupid.
    nope

    if you can measure it you can see the trend of % of ownership going from non rich to rich

    its not that complicated

  25. #50
    Mr. John Wayne CosmicCowboy's Avatar
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    nope

    if you can measure it you can see the trend of % of ownership going from non rich to rich

    its not that complicated
    The dollars don't flow from poor to rich. Jeff Bezo's billions of amazon stock didn't cost you anything.

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