anotheraccount's comments

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  anotheraccount   ignore (1)   2018 Jan 7, 9:50am   ↑ like (0)   ↓ dislike (0)     quote      

anon_961a0 says
Why does your health care pre 2013 have anything to do with Obama care?

Insurance companies front run Obama care effective date. Premiums went up fast every year. TPB has a point here.
  anotheraccount   ignore (1)   2018 Jan 7, 9:51am   ↑ like (0)   ↓ dislike (0)     quote      

@TPB, agree with you on many Obama issues. How can you not see that Trump is doing the same or worse?
  anotheraccount   ignore (1)   2018 Jan 9, 5:35pm   ↑ like (0)   ↓ dislike (0)     quote      

SubOink says
How will that impact bonds

There is a lot of supply coming in the next two years. Fed reducing balance sheet and Trump tax cuts causing yuge deficits. Rich people will have more money so they might recycle it back into bonds.

I personally would hope for NAC to get down below 13 to really load up.
  anotheraccount   ignore (1)   2018 Jan 10, 3:33pm   ↑ like (0)   ↓ dislike (0)     quote      

HappyGilmore says
Trump folded like a cheap suit again... How soon til he announces he's leaving NAFTA as is?

Not gonna happen. Bannon is not there anymore.
  anotheraccount   ignore (1)   2018 Jan 10, 10:16pm   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says
So Trump's worst achievements are same as Obama's best achievements. Wow

What? Trump run on those promises and is doing the opposite. Did he promise tax cuts to the rich when he was running, no.
  anotheraccount   ignore (1)   2018 Jan 11, 9:08am   ↑ like (0)   ↓ dislike (0)     quote      

anon_bf07a says
everyone will be singing happy days are here again, and then the roof falls in after the election.

Not if interest rates back up. If you are a bond investor with long duration, you have to be concerned at least a little bit that the deficits are going to be yuge and we are not in deep recession as we were in 2008-2009. If 10 years get above 3% somehow, it will slow down some sectors of the economy.
  anotheraccount   ignore (1)   2018 Jan 11, 3:50pm   ↑ like (0)   ↓ dislike (1)     quote      

Sniper, way to ignore all the math that's been posted on here. Let's trust Munchin words, kind like trusting Obama that everyone would save 2500 on their health insurance.

Does your memory only hold the latest news item that does not make sense?
  anotheraccount   ignore (1)   2018 Jan 11, 4:05pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
Please repost for our reading pleasure!

No, common sense math.
  anotheraccount   ignore (1)   2018 Jan 11, 4:08pm   ↑ like (0)   ↓ dislike (0)     quote      

What is the total tax benefit that Walmart is getting? What percentage of it goes to workers? Thank you.
  anotheraccount   ignore (1)   2018 Jan 11, 4:49pm   ↑ like (1)   ↓ dislike (2)     quote      

Sniper says
Southwest also announced plans to purchase 40 Boeing 737 Max 8 planes that it held options for, with 15 aircraft to be delivered in 2019 and 25 in 2020.

Southwest had plans for those planes for a long time. West Coast - Hawaii flights. They sure could not afford them without a tax cut.
  anotheraccount   ignore (1)   2018 Jan 11, 4:50pm   ↑ like (1)   ↓ dislike (4)     quote      

Where is my $1000 bonus? why do I have to pay for this tax cut?
  anotheraccount   ignore (1)   2018 Jan 11, 4:51pm   ↑ like (1)   ↓ dislike (0)     quote      

Sniper says
More than they are getting now.

Another stupid ass answer to a valid question.
  anotheraccount   ignore (1)   2018 Jan 11, 4:53pm   ↑ like (0)   ↓ dislike (1)     quote      

Strategist says
this is how you run a country. The Trump way.

By borrowing money that you don't have to give tax cuts mostly to corporations which pass small percentage of it to workers?
  anotheraccount   ignore (1)   2018 Jan 11, 5:00pm   ↑ like (0)   ↓ dislike (0)     quote      

anon_13ce6 says
And Walmart closes 63 sams clubs without warning leaving 11,000 US workers unemployed.

Sniper must have read that as well -- he chose to post only the part that's supposed to support his narrative.
  anotheraccount   ignore (1)   2018 Jan 11, 5:11pm   ↑ like (1)   ↓ dislike (0)     quote      

Patrick says
I admit it was mostly luck, but also fit my criteria of a reasonable p/e, paying a dividend, and providing a service I personally know.

The tax cut must be a bigger factor than the rising oil price. You would think that with oil back in the 60s, airline stocks would take a hit.
  anotheraccount   ignore (1)   2018 Jan 11, 5:54pm   ↑ like (0)   ↓ dislike (0)     quote      

According to Goldman "the deficit will hit $750 billion in 2018, $900 billion in 2019 and $1.025 trillion in 2020."

Do you not have a problem with this?
  anotheraccount   ignore (1)   2018 Jan 11, 5:55pm   ↑ like (1)   ↓ dislike (0)     quote      

Just the extra increase of 275B in deficit from 2018 to 2020, you could give $1000 to every person in this country - not just a few select companies that are ripping the biggest benefits
  anotheraccount   ignore (1)   2018 Jan 11, 5:56pm   ↑ like (0)   ↓ dislike (0)     quote      

TwoScoopsPlissken says

How is this related to the discussion?
  anotheraccount   ignore (1)   2018 Jan 11, 6:25pm   ↑ like (1)   ↓ dislike (0)     quote      

Strategist says
Obama borrowed a lot more that he didn't have, and gave nothing to the corporations

So he did not bail out the banks or create ObamaCare as a gift to healthcare industry?
  anotheraccount   ignore (1)   2018 Jan 11, 6:26pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
That didn't seem to bother yo-u the last 8 years. Why is it important now?

Read my posts on this site. It did bother me and my posts reflect it. This is probably the third time I am telling you this.
  anotheraccount   ignore (1)   2018 Jan 11, 6:38pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
Thanks for the link to that data, info and charts, very informative...

Here you go: Will you read it?

My stance on deficits has been consistent during Obama's and Trump's presidencies as my comments are proof. You flipped.
  anotheraccount   ignore (1)   2018 Jan 11, 6:59pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
Can you please link the thread where this was stated during the Obama administration time period?

All of my posts are public.Sniper says
Now, which one is it??? Goldman or CBO??

Does it matter? I was trying to prove a point that you would not even read my link which was pointed to the wrong data.
  anotheraccount   ignore (1)   2018 Jan 11, 8:03pm   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says
A booming economy
Falling unemployment
401K's at record highs

2007 was the same characteristics thanks to Bush blowing up the deficits for war spending and unfunded tax cuts.
  anotheraccount   ignore (1)   2018 Jan 11, 8:04pm   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
Guess what, you're busted...

You missed my point. Obviously you can read the url. Did you actually click on the PDF?
  anotheraccount   ignore (1)   2018 Jan 11, 8:13pm   ↑ like (1)   ↓ dislike (0)     quote      

Strategist says
Who should I hire next time?

Depends on how much your time is worth. If I have to take a day off work to babysit Pedro then Mike would be my choice. If I don't have anything else to do, I can manage Pedro.
  anotheraccount   ignore (1)   2018 Jan 11, 9:22pm   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says
It's not important. What others get is irrelevant to what you get.

Of course it does, when we are borrowing money to pay for it.
  anotheraccount   ignore (1)   2018 Jan 12, 10:45am   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
That's because they pay the bulk of the taxes now..

Funny how that math works out.

No they don't. Payroll tax paid by the middle class is the biggest contributor to Fed revenues.
  anotheraccount   ignore (1)   2018 Jan 12, 11:53am   ↑ like (0)   ↓ dislike (0)     quote      

Sniper says
Source??? (I know, I'll wait a long time for that)
Payroll tax is 34% is of total contributions and 98% of it paid by people making less than 100K.
federal income tax is 47% and and top 1% pays about 50% of it = 23%

33%>23% Is this clear enough for you?
  anotheraccount   ignore (1)   2018 Jan 12, 11:57am   ↑ like (1)   ↓ dislike (0)     quote      

@Sniper Oh an here is another Goldman warning about deficits:
Seriously please try to refute my posts. Middle class paying the most tax is not my opinion -- it's a hard cold fact. Yet top 1% are getting the most of the tax cut. Maybe even more concentrated in top 0.1%. I would like to see trickle up vs trickle down as Bannon wanted. Bannon wanted a tax cut for middle class and 41% rate for the rich. He knows that trickle down BS does not work.
  anotheraccount   ignore (1)   2018 Feb 21, 7:22pm   ↑ like (0)   ↓ dislike (0)     quote      

bob2356 says
The big elephant in the room is the tax cut. A lot of money is going to be looking for a home.starting pretty much right now. Lot's of stock buybacks, lots of dividends. It's got to go somewhere.

It's a race. Many companies already announced stock buybacks and they are not going to be buying a huge supply of treasuries that's a result of the tax cut. Can interest rates get high enough to force stock market revaluation?
  anotheraccount   ignore (1)   2018 Feb 21, 7:28pm   ↑ like (1)   ↓ dislike (0)     quote      

Malcolm says
Do any of you actually understand how to put a value on a stock based on earnings and other fundamentals?

Most people on this board don't even know what market cap is.
  anotheraccount   ignore (1)   2018 Mar 7, 3:32pm   ↑ like (0)   ↓ dislike (0)     quote      

bob2356 says
Employers along with their bought and sold dick licking right wing politicians have been crying for decades that illegals are only taking jobs that no american would do

Talk to any farmer and they will tell you just that. The truth is they don't want to pay higher wages or invest into automation.
  anotheraccount   ignore (1)   2018 Mar 7, 6:48pm   ↑ like (0)   ↓ dislike (0)     quote      

TwoScoopsPlissken says
Absolutely, that's why I don't want to get into churning puts but some kind of proxy that would go up if SFBA went down, but might go up for other reasons.

Puts is usually a leveraged position. You can just short QQQ which has high concentration of companies that are benefiting bay area. If you don't think that the market will go down, then San Francisco will not go down, so don't waste your energy trying to short it.
  anotheraccount   ignore (1)   2018 Mar 10, 9:59am   ↑ like (1)   ↓ dislike (4)     quote      

Goran_K says

Remember that Obama put on that debt during 8 years. Trump will probably put up the same amount in 5 years or sooner if we get a recession. Which part of it is false again? How did Bush prosperity work out for you? Lucky for you, Obama was scared shitless and bailed everyone out.
  anotheraccount   ignore (1)   2018 Mar 10, 1:11pm   ↑ like (1)   ↓ dislike (0)     quote      

bob2356 says
ROFLOL. How much of the tax cut is going to people to use for day to day actvities/bills and how much is for stock buybacks/dividends? Please let us have the numbers. The suspense is killing me.

Here is your answer:

About 60 percent of the gains are going to shareholders, compared with 15 percent for employees.
  anotheraccount   ignore (1)   2018 Mar 10, 2:25pm   ↑ like (0)   ↓ dislike (1)     quote      

Sniper says
Just everyone who brings home a regular paycheck. It may not be big to you, but people getting an extra $30 in their check of $500 pays for a tank and a half of gas each week.

Great, $30. That same person is going to be paying 1%+ more on his or her mortgage due the supply of treasuries coming because of the huge deficit. So on $400K mortgage that's extra $333 every month min.
  anotheraccount   ignore (1)   2018 Mar 10, 9:18pm   ↑ like (0)   ↓ dislike (1)     quote      

Goran_K says
"will probably" doesn't indicate much to me.

With Goldman Sachs background that you have, I would think you could plug in some numbers into Excel and see that 5 years is a possibility to add 10T more on top of what Trump started with. So probably is probable.
  anotheraccount   ignore (1)   2018 Mar 10, 9:19pm   ↑ like (0)   ↓ dislike (1)     quote      

HeadSet says
Someone with a $500 weekly check will not have a $400k mortgage.

Ok. Let's say it's 100K mortgage. The mortgage cost still outweighs the tax benefit. Let's assume this person was planning to buy a house this year.
  anotheraccount   ignore (1)   2018 Mar 11, 10:02am   ↑ like (0)   ↓ dislike (0)     quote      

HeadSet says
If the interest rates rise (especially in areas where houses can be bought with $100k mortgage), then the prices of houses will fall.

don't think so. The super rich who are getting most of the tax cut will use it to buy up those properties and rent them out to you at higher rent.
  anotheraccount   ignore (1)   2018 Mar 11, 11:55am   ↑ like (0)   ↓ dislike (0)     quote      

Funny how this forum has changed. i am saying the same things that I said during Obama years. The difference now is that my posts are getting dislikes and then they used to get likes from the same characters.