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Business Politics

Discussion in 'Tilted Philosophy, Politics, and Economics' started by rogue49, May 31, 2019.

  1. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    Wall Street shrugs at Washington’s debt pileup

    Wall Street doesn't care about the debt...most people don't...and either party doesn't care when THEY are in control.
    It's just a wedge issue...spin it to make your opposition hurt.

    Really, the thing that take care of the debt is making the ship run better.
    Money is made...taxes taken in, the bills get paid over time.

    Right now, isn't a time to retreat or restrict...we're in a war, VS a plague. People AND businesses are hurting.
    And statisticians say every dollar WELL spent comes back in the long run 10 fold.

    But this doesn't mean corrupt handouts to those not truly in need...People AND especially business.
    y'gotta keep track of it.
    A target water spout...not an uncontrolled fire hose.

    Ignore the bullshit, do what's right.
     
    • Agree Agree x 1
  2. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    China is feeling insecure about its global rare earths dominance

    This is one I've been watching for awhile
    And will become even more important, as we go through what's available.

    If anything that Biden and the states can go conservative on and ignore some environmental impact...it's this one.
    Gotta kill the China monopoly on this and utilize what the US has. IF it is done smart and discretionary...not slapdash like we did with oil.
    Controlled but moving forward.
     
  3. redravin

    redravin Cynical Optimist Donor

    Location:
    North
    Anybody investing in Gamestop?
     
    • Funny Funny x 1
  4. Chris Noyb

    Chris Noyb Get in, buckle up, hang on, & don't criticize. Donor

    Location:
    Large City, TX
    No. I'm backing the MySpace comeback.

    :eek: :confused: :rolleyes:
     
    • Funny Funny x 1
  5. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    I find the whole thing hilarious.
    Another unexpected consequence of the internet and its unending apps.

    But the one thing I'll be fascinated with is what government actions and laws come out of this.
    Because they're certainly not going leave it alone.
    Too much money involved, too many VIPs.

    Nice to fuck with some millionaires and billionaires in the meantime.
    Not that I'd mind being one myself.
    I'm just not that manipulative or driven.
     
  6. Freetofly

    Freetofly Diving deep into the abyss

    Did all the little guys loose in the end. I don't really understand what Robinhood app was doing. I read they were feeding the big Hedge funds data from all the folks that were on the app. That the little guys got to play for a little while then they shut them down...even though they were just doing the same thing as the big guys.

    My son called and was all excited about and was like...what are you talking about? :) He has invested in Bitcoin. I think I'd rather go to Vegas and throw money away in that sense...much more exciting and easier to understand how to throw the dice.
     
  7. redravin

    redravin Cynical Optimist Donor

    Location:
    North
    It was a smart move by a bunch of of Reddit investors.
    They figured which companies the scumbag hedgefund investors were selling short, bought up the stocks and made them lose a shitload of money.
    The Serfs do a good job of explaining it (granted from a very lefty point of view).

     
    • Like Like x 1
    • Informative Informative x 1
  8. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    Texas issues order to prevent providers from sending electric bills — The Texas Tribune

    Now this is what government is good for...
    Making sure that business doesn’t get out of control.

    Often, business is only interested in the bottom line, profit, the owners and stockholders.
    Government is “supposed to” serve the people.

    Often, they’ve let automation, policy and service get out of scope.

    And god knows what I went through fighting the utilities...and that was just about $1500

    Business has a conflict of interest.
    Sometimes it just gets plain greedy or negligent.

    Government is check
    A necessary evil.

    I like the idea of laissez-faire
    But real terms, it doesn’t work always.
    There is a balance

    And sometimes even that needs to be tweaked for circumstance.

    This IS one of those scenarios.
     
    • Agree Agree x 1
  9. omega

    omega Very Tilted

    Anyone else get in on gamestop? I thought 20 was too high, then 40 was crazy. So of course I bought 10 shares at 97 a pop. After about 4 days, I sold 3 shares at 405 each to lock in my cost plus 200 dollars. Finally sold my other shares today at around 95 each. So all told I made around 850 on the 10 shares. Would have been nice to have sold at 400 and made 3000 dollars profit, but such is life with imperfect information. I know it was purely speculative, but it got stressful keeping track every minute of the day.

    Posted that on another thread a week ago.
     
  10. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    U.S. and Europe Will Suspend Tariffs on Alcohol, Food and Airplanes

    This is where my "Laissez-faire" thoughts kick in.
    I've never really understood the idea of using tariffs.
    Mostly they backfire.
    Mostly of the time, more money is made & saved for everyone when they're reduced or dropped. (on both sides)

    IMHO, mostly it's used by politicians and lobbyists to posture and protect their sponsors or ego.

    Anyone see any good?
     
  11. Chris Noyb

    Chris Noyb Get in, buckle up, hang on, & don't criticize. Donor

    Location:
    Large City, TX
    Tariffs can be used to protect the market for domestic goods. Good for developing new products, but perhaps not so good for the consumer in the long run.

    I'm biased. I firmly believe the US needs to return (as much as possible) to domestic manufacturing.