Dow rallies 1,000 points, logging its biggest single-day point gain ever

iguanaman · Dec 28, 2018

Casca XV said:
Not a single Govt employee works anytime at all with "no pay" even when they are not at work at all. They end up with paid vacations and there is even a process where they can get advanced pay during the shut down by claiming financial hardship. I know this because I have been a Federal employee.

There are lots of private companies that regularly have to send their employees home for days at a time. I have never heard of a single case where they were paid for that time off. Why are Public Servants who's salaries are paid with taxes different?

So you are going to "spot" them all while they wait for Trump to cave or his veto to be overridden? Mortgages and electric bills need to be paid so get out your checkbook.

CNN)A quarter of the federal government will likely begin the new year out of work or working without pay.

For the 380,000 federal employees on furlough and the other 420,000 working without pay, this means it's time to start making plans for how to pay January bills without the promise of their next paycheck as part of the government remains shutdown.
The US Office of Personnel Management tweeted out sample letters for federal employees to send to their creditors, mortgage companies or landlords. The letters suggest that employees ask to pay a reduced amount or create a payment plan in the coming months because they are out of work and not getting paid during the shutdown.

https://www.cnn.com/2018/12/28/politics/shutdown-second-week/index.html

Casca XV · Dec 28, 2018

iguanaman said:
No that's not right. Every year Trump has been your dear leader the deficit has gone up from what Obama handed to him. On the other hand Obama lowered the deficit to less then half what Bush handed him. That is how it always goes. Republican Presidents run up huge deficits and Democrats take over and lower them. It's as predictable as the tide or the moon. Trump is actually quite a normal GOP President in that ONE respect at least.

Bush handed Obama the 2009 deficit is the biggest lie ever told. Obama was sworn in 20 days into 2009 He immediately quadrupled the deficit to its highest point in US history. The First quarter of 2009 is officially listed as part of the Bush economy that is how Obama and the MSM manage that lie.

Deficit is the budget short fall that creates the National Debt. MSM likes to explain the Debt in terms of "Deficit" because it's easier to propagandize the narrative they want.

During Trumps first 7 months the National Debt decreased $102 Billion. Since then the Debt has increased at an average speed that is 18% slower than what it did under Obama. The average increase under Obama was $1.16 trillion a year. So far under Trump its $.960 trillion a year.

I agree the current Debt increase is not good. The Trump tax cuts and economy have increased Federal revenue to record highs, now Trump need to get DC Swamp spending under control.

Casca XV · Dec 28, 2018

iguanaman said:
So you are going to "spot" them all while they wait for Trump to cave or his veto to be overridden? Mortgages and electric bills need to be paid so get out your checkbook.

https://www.cnn.com/2018/12/28/politics/shutdown-second-week/index.html

The President is not the one that needs to cave. His economy has created more jobs than the number of people unemployed (aside from when all the men were off fighting WW2 this is the first time in US History) This will make it easy for the Govt workers on furlough to keep busy and get paid for.

And like I said: they can get pay advances If they fill out some forms explaining financial hardship.

Oh and while we are on the subject of National Debt. With 70% of Illegal Aliens getting some type of food stamps or welfare they are a huge part of what is driving the Debt.

iguanaman · Dec 28, 2018

Casca XV said:
The President is not the one that needs to cave. His economy has created more jobs than the number of people unemployed (aside from when all the men were off fighting WW2 this is the first time in US History) This will make it easy for the Govt workers on furlough to keep busy and get paid for.

And like I said: they can get pay advances If they fill out some forms explaining financial hardship.

Oh and while we are on the subject of National Debt. With 70% of Illegal Aliens getting some type of food stamps or welfare they are a huge part of what is driving the Debt.

The reality is that the only money Trump will EVER get is the $1.3 billion for border security. The Democrats will stand firm forever on that so what is he going to do? There will be no wall no matter what he does and the longer he waits the more foolish Trump will look when he finally caves. Let him go back to his real campaign promise... that Mexico is going to pay for the wall. He can still use that in 2020 too if he is still around. Let's start the chant now. "Who's going to pay for the wall? MEXICO MEXICO MEXICO. See? That still works.

iguanaman · Dec 28, 2018

Casca XV said:
Bush handed Obama the 2009 deficit is the biggest lie ever told. Obama was sworn in 20 days into 2009 He immediately quadrupled the deficit to its highest point in US history. The First quarter of 2009 is officially listed as part of the Bush economy that is how Obama and the MSM manage that lie.

Deficit is the budget short fall that creates the National Debt. MSM likes to explain the Debt in terms of "Deficit" because it's easier to propagandize the narrative they want.

During Trumps first 7 months the National Debt decreased $102 Billion. Since then the Debt has increased at an average speed that is 18% slower than what it did under Obama. The average increase under Obama was $1.16 trillion a year. So far under Trump its $.960 trillion a year.

I agree the current Debt increase is not good. The Trump tax cuts and economy have increased Federal revenue to record highs, now Trump need to get DC Swamp spending under control.

LOL Obama did not crater the economy in 2008 GW Bush did. That led to a huge drop in revenue which grew the 2009 deficit to record levels. Trump's 2018 deficit is $200 billion higher than Obama's last year in office and 2019 and beyond there is nothing but trillion $ + deficits as far as the eye can see.

Federal deficit shooting above $1 trillion a year

The federal deficit peaked at $1.4 trillion in 2009 due to the Great Recession and fell to a low of $438 billion in 2015. It increased to $666 billion in fiscal 2017 (Obama’s last budget), but due to the Republican and Trump’s tax cuts it looks to hit $1 trillion in fiscal 2019. Unless the economy can consistently generate 3% or greater growth the deficits will likely remain above $1 trillion. This is a tall order because the economy will slow or contract (historically we are overdue for this) and the deficit will balloon even higher.

https://www.forbes.com/sites/chuckjones/2018/07/27/trumps-economic-scorecard-18-months-into-his-presidency/#7cb1d7b31283

https://www.cato.org/blog/dont-blame-obama-bushs-2009-deficit

gulfman · Dec 28, 2018

EnigmaO01 said:
Gulfman just trolls anyone that isn't impressed with Trump. Don't waste your time.

And what makes me different from every other liberal troll on here?

TU Curmudgeon · Dec 28, 2018

For those who are actually following it, the Dow closed UP a massive 12 points over its close yesterday.

Casca XV · Dec 28, 2018

iguanaman said:
The only money Trump will EVER get is the $1.3 billion for border security. The Democrats will stand firm forever on that so what is he going to do? There will be no wall no matter what he does and the longer he waits the more foolish Trump will look when he finally caves. Let him go back to his real campaign promise... that Mexico is going to pay for the wall. He can still use that in 2020 too if he is still around. Let's start the chant now. "Who's going to pay for the wall? MEXICO MEXICO MEXICO. See? That still works.

Under the US Constitution as Commander and Chief he can declare a state of emergency and have the Military build it. But I doubt it will come to that. Dems are F**ked and they know It. The last midterm was their last chance and all they could do was get a below average gain in Congress and a historical loss in the Senate. Even in congress at least 7 of those elections so called wins were obvious blatant frauds.

Trump is going to be in office until January 20 2025. He can still fill a sports stadium with an equal number outside anytime he wants, while even Obama cant get one more than 10% full.

iguanaman · Dec 28, 2018

Casca XV said:
Under the US Constitution as Commander and Chief he can declare a state of emergency and have the Military build it. But I doubt it will come to that. Dems are F**ked and they know It. The last midterm was their last chance and all they could do was get a below average gain in Congress and a historical loss in the Senate. Even in congress at least 7 of those elections so called wins were obvious blatant frauds.

Trump is going to be in office until January 20 2025. He can still fill a sports stadium with an equal number outside anytime he wants, while even Obama cant get one more than 10% full.

LOL A 40 seat gain in the House is not below average. The only fraud being investigated is by Republicans. You are dreaming if you think there will ever be a Trump wall. The House is in charge of the money. If Trump even makes it to 2020 he will lose badly. We will see who is right. I don't think Trump will even be on the ticket in 2020. I know he will not get anything he wants through the House starting next week. His Presidency is pretty much over except for the "tweets" and not a minute too soon.

Casca XV · Dec 28, 2018

iguanaman said:
LOL Obama did not crater the economy in 2008 GW Bush did. That led to a huge drop in revenue which grew the 2009 deficit to record levels. Trump's 2018 deficit is $200 billion higher than Obama's last year in office and 2019 and beyond there is nothing but trillion $ + deficits as far as the eye can see.

https://www.forbes.com/sites/chuckjones/2018/07/27/trumps-economic-scorecard-18-months-into-his-presidency/#7cb1d7b31283

https://www.cato.org/blog/dont-blame-obama-bushs-2009-deficit

The content of your own link proves my point. A click bait title that says it's Bushes fault doesn't change the facts. Here is what was happening at the time: https://www.bing.com/videos/search?...054159AD2A6A287A720B054159AD2A6A287&FORM=VIRE

It was the 2008 Housing market crash that collapsed the economy. Although there were many bad actors within the private banking community, every Government policy that caused the 2008 crash came from Liberal Democrats, not Bush. Obama policies made that recession almost permanent (Slowest recovery in US history).

GDP Growth is the most complete measure of an economies health. Obama is the first President in US history to never achieve 3%. During Obamas last two years GDP growth was in decline. The Only reason Trump did not achieve 3% in 2017 is because Obama had it down to 1.2% on the day he took office. 2018 will easily be over 3%.

Casca XV · Dec 28, 2018

iguanaman said:
LOL A 40 seat gain in the House is not below average. The only fraud being investigated is by Republicans. You are dreaming if you think there will ever be a Trump wall. The House is in charge of the money. If Trump even makes it to 2020 he will lose badly. We will see who is right. I don't think Trump will even be on the ticket in 2020. I know he will not get anything he wants through the House starting next week. His Presidency is pretty much over except for the "tweets" and not a minute too soon.

This same election under Obama the GOP gained 64 and they gained 54 under Clinton. Bush held the House but most believe it's because Dems got too nasty too soon after 911.

That there were gains in the Senate is historical. Its the largest gain for a first midterm ever and only the 3rd time a President did not actually lose.

Obama spent 8 years turning the FBI, IRS, and most other Federal Agencies into the Democrat Party's own KGB/Gestapo. Mueller is the result of that. It's the only reason Obama himself and most of his administration are not already in prison. Most of America especially his base see the corruption. Mueller is not helping the Democrats it's hardening the resolve of the Trump base and causing Dems to walk away. I actually hope the House does nothing but do BS investigations on Trump.

Trump is more popular than Obama was at this time and considering who conducts the polls he is probably 10 points higher than that.

10 of the 12 candidates Trump campaigned for won, Every candidate Obama campaigned for lost.

concernedpuma · Jan 3, 2019

gulfman said:
And what makes me different from every other liberal troll on here?

Nothing.
Regards,
CP

99percenter · Jan 3, 2019

Market down 600 points again. Thanks trump

concernedpuma · Jan 3, 2019

Hold on, bud. It will right itself up soon. Don't blame the Captain for a Hurricane. Let's see how he handles the storm. If you sell at a loss now, you may soon regret it. Not intended as financial advice, just an observation.
Regards,
CP

PoliSciXtina · Jan 3, 2019

concernedpuma said:
Hold on, bud. It will right itself up soon. Don't blame the Captain for a Hurricane. Let's see how he handles the storm. If you sell at a loss now, you may soon regret it. Not intended as financial advice, just an observation.
Regards,
CP

No sorry. Captain trump had no problem taking credit for the sunny skies & calm waters of the stock market during its gains months and months in a row. So now it’s not his fault that it’s had steady losses for the last few months? Whose fault is it then?

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Saladin4 · Jan 3, 2019

concernedpuma said:
Hold on, bud. It will right itself up soon. Don't blame the Captain for a Hurricane. Let's see how he handles the storm. If you sell at a loss now, you may soon regret it. Not intended as financial advice, just an observation.
Regards,
CP

The captain?...The one that has run the ship into the reef?....What did these idiot say?...I love trade wars

concernedpuma · Jan 3, 2019

Saladin4 said:
The captain?...The one that has run the ship into the reef?....What did these idiot say?...I love trade wars

I won't trot out any claim of insider knowledge. I will only say this, there is money made going up, and down. The tariff issue is a long term winner for us(the US). Doubt that, try giving anyone an exchange when you receive a tariff(taxed) loaded return.
I know there is always the label of labor costs when evaluating goods, but I would like anyone here to show the percentage of labor and how it affects the cost landed goods. It is generally pennies. So then, where is the difference? It is in tariffs. We have been on the losing side of that far too long!
Regards,
CP

Saladin4 · Jan 3, 2019

concernedpuma said:
I won't trot out any claim of insider knowledge. I will only say this, there is money made going up, and down. The tariff issue is a long term winner for us(the US). Doubt that, try giving anyone an exchange when you receive a tariff(taxed) loaded return.
I know there is always the label of labor costs when evaluating goods, but I would like anyone here to show the percentage of labor and how it affects the cost landed goods. It is generally pennies. So then, where is the difference? It is in tariffs. We have been on the losing side of that far too long!
Regards,
CP

Yeah, while ship is taking on water keep telling us how great the "tariffs" are......Is the "winning" we've heard so much about?

concernedpuma · Jan 3, 2019

Saladin4 said:
Yeah, while ship is taking on water keep telling us how great the "tariffs" are......Is the "winning" we've heard so much about?

Sorry, friend. Your post seems to be that of a half miler. If you are wanting to sell out, do so. I am not offering anything but opinion here.
Regards,
CP

Saladin4 · Jan 3, 2019

concernedpuma said:
Sorry, friend. Your post seems to be that of a half miler. If you are wanting to sell out, do so. I am not offering anything but opinion here.
Regards,
CP

More like re-configure.....trump looks like a complete fool , surrounding himself with yes men and toadies....You proud of that?

concernedpuma · Jan 3, 2019

Saladin4 said:
More like re-configure.....trump looks like a complete fool , surrounding himself with yes men and toadies....You proud of that?

I am proud of many things the President has done, yes.
Quick quiz: who was the last President to speak across a table from the North Korean Leader? Which was the last to embrace the reality that the Secretary Gen. of the Communist party of China is an equal and maybe even a friend? Take your time, you have some history to look over. One last bonus question, who got the NATO countries to contribute their share of defending themselves?
Once again I say, please trade on the market as you see best serves your interest.
Regards,
CP

Saladin4 · Jan 3, 2019

concernedpuma said:
I am proud of many things the President has done, yes.
Quick quiz: who was the last President to speak across a table from the North Korean Leader? Which was the last to embrace the reality that the Secretary Gen. of the Communist party of China is an equal and maybe even a friend? Take your time, you have some history to look over. One last bonus question, who got the NATO countries to contribute their share of defending themselves?
Once again I say, please trade on the market as you see best serves your interest.
Regards,
CP

You are the last person I'd listen to on my "interests"....NATO?.....Most Europeans think trump is a fool....Maybe you should buy, invest big time ...Put your money where your mouth is...Do it...Do it Now

concernedpuma · Jan 3, 2019

Saladin4 said:
You are the last person I'd listen to on my "interests"....NATO?.....Most Europeans think trump is a fool....Maybe you should buy, invest big time ...Put your money where your mouth is...Do it...Do it Now

I have bought, and do, when it is prudent. My money and futures are very closely tied to the American market, if yours aren't, good luck.
As to what the Europeans think; okay. Just pay your share for your protection from the Red Hordes and talk as you will. It is when you talk bad about us and still take our dollars to defend you that chafes.
When, God, do these what the European think come to matter to us? Have you viewed the guts of those countries? Most are teetering on bankruptcy, due to their social programs. What is it that should matter to us as Americans?
Regards,
CP

99percenter · Jan 3, 2019

concernedpuma said:
I am proud of many things the President has done, yes.
Quick quiz: who was the last President to speak across a table from the North Korean Leader? Which was the last to embrace the reality that the Secretary Gen. of the Communist party of China is an equal and maybe even a friend? Take your time, you have some history to look over. One last bonus question, who got the NATO countries to contribute their share of defending themselves?
Once again I say, please trade on the market as you see best serves your interest.
Regards,
CP

Trump negotiating with our enemies without preconditions is nothing to be proud of.

concernedpuma · Jan 3, 2019

99percenter said:
Trump negotiating with our enemies without preconditions is nothing to be proud of.

Geez. I'm guessing you have the inside poop on who our enemies will be tomorrow. I am not satisfied that today's enemies must always be so. If you think that, you surely must have a grudge against Japan, Italy and Germany(including the Kaiser).
Are you not learned enough to know that enemies come and go? Let's do our best to eliminate enemies politically(as President Trump is trying), rather than by sword, shall we?
Regards,
CP

Dow rallies 1,000 points, logging its biggest single-day point gain ever

B.A. (Sarc), LLb. (Lex Sarcasus), PhD (Sarc.)