patrick.net

Predictions are hard, especially about the future.

"There's going to be a TON of pissed off people tomorrow"

I absolutely believe an assassination attempt will be made against Trump before inauguration day.

They've already started--I saw a story about protests in I think Oregon (where else).

This.
He better hide out for his own good. Too many unstables in a population of 300 million plus..

P N Dr Lo R says

I absolutely believe an assassination attempt will be made against Trump before inauguration day.

Yep. Where is @Rashomon.

Everytime they predict disaster if we don't do what Wall Street Says, and it ends up being not bad at all.

Ironman says

Not really...

He was wrong about his stock market prediction

He was wrong about his recession prediction

He was wrong about his gold prediction

He was wrong about Trump winning the nomination

he was wrong about Trump winning the General

and for the finale, here is his prediction on the election, he missed it as bad as Nate:

-

He did miss the election (on a much larger scale than he should have).... he's done really well with housing (wish I'd listened to him back in the day). However, maybe I'm biased because his advice made me quite a bit of cash in metals a few years ago.

Dang it the swing was too fast! I was hoping the market would go down a couple k for a couple days so I could make some money!

landtof says

where's hydro carbon?

We will never see him again. He was an obvious paid schill for the globalists/Democrats.
He is probably out looking for work!

lostand confused says

my company itself, I can't hire anybody local, but only through the big H1B firms-

That is damning evidence of reform necessary! Fuck a bunch of that!

Barcode the pussies for Trumpligula! They will be graded and ordered by the USDA and given blue stamps, just as the Founding Fathers intended!

Sexual Harassment will become mandatory!

AllTruth says

#WhereAreThey?

www.youtube.com/embed/kRPGPAnPNa8

Pussy Grabbing is now a Holy Sacrament, by Edict of Great Trumpligula!

The future of Pussy is great again! No skank pussies will be allowed to breed, only the most grabbable pussies will proliferate!

Thanks for the entertaining post AF

lostand confused says

I can't hire anybody local, but only through the big H1B firms

Not for long!

errc says

You could have bet Trump at better than +600 24 hours ago

Being that none of you did that, you should probably stfu

Which one? I thought only IEM and PredictIt are legal in the US.

I did bet on Mike Pence as VP *last week* at PredictIt. The Trump market was already full and closed.

Peter P says

errc says

You could have bet Trump at better than +600 24 hours ago

Being that none of you did that, you should probably stfu

Which one? I thought only IEM and PredictIt are legal in the US.

I did bet on Mike Pence VP at PredictIt. The Trump market was already full and closed.

It's not the act of the wager that is illegal, it's the Electronic Transfer of Funds per the UIGEA.

Some of the more hokey sites will allow it anyway, i read a friend yesterday used Bovada from the states, I believe.

Peter P says

Have you seen Rush Limbaugh and Michael Moore in the same room?

I don't think they would fit.

FP says

Have you seen a room big enough to fit them bioth?

Yes, but there's none with a floor whose tensile strength is great enough.

I guess in America when you say "a ton of people" it means only 5.

Thanks wog, well analyzed, reasoned and stated. What do you think the future hold for your stock and other holdings?

Stocks are overrated it's just a pool of money for Soros and Buffet play games with.

We need to get back to private industry and prudent saving.

http://www.latimes.com/local/lanow/la-me-ln-protest-trump-20161109-story.html

People protesting the election of Donald Trump take to the streets of downtown Los Angeles on Wednesday morning.

Democrats drank the kool-aid from Main Slime Media & pollsters.

How stupid do they feel?

YAY! Inflation, that gift to debtors, hated by debt holders. Way too low inflation for way too long. A sign that only a tiny handful is doing well.

zzyzzx is deplorable says

Hillary's idea of an economy is selling each other Chinese solar panels, and that just isn't going to work.

This. And being each other's mortgage broker.

That or have an impoverished existence pouring coffee and wiping Babyboomer butts for the rest of your life. No chance of homeownership, no chance of a better life, not even a few days at the Lake once a year. A precarious existence, so landlords and hedge funders can buy more catamarans.

No Industry, no American Dream.

An IT Industry that refuses to hire over 45 guys with 20+ years experience isn't going to hire former 45-year old steel mill workers who managed to get a Network Admin or .net Certificate

zzyzzx is deplorable says

Bullshit. Obama was the great divider. I believe that Trump can get us back to where were were before Obama.

Agreed. I think many will be surprised by a positive outcome of his presidency. Also for those with kids there will be a childcare deduction and general lower taxes for the middle-to-upper class.

zzyzzx is deplorable says

What proposed capital gains tax cuts? IIRC, the capital gains rates are going to stay as they are now.

Capital gains taxes should be lowered and instead mortgage interest deduction canceled. It's ridiculous to crow about cap. gains taxes while supporting such crony bs as mortgage interest deduction. Also healthcare, a main inflation driver will become cheaper if price-fixing is broken up/prosecuted, FDA meddling reduced and competition across state-lines encouraged. We'll see on how much he delivers on draining the swamp. MAGA!

Heraclitusstudent says

Inflation would come BECAUSE tarifs would result in more done in the US and higher wages. Unless we go in stagflation mode, it's no bad for consumers.

It's bad for corporate profits.

And great for Americans who are drowning in record private debt.

Wait until the Trump Energy Policy gets in place. :)

So how high will my rent go? How more priced out will I be for buying?

Imagine the growth in Energy Stocks when the Trump Energy Plan and the Reindustrialization of America begins.

Imagine all the factories that Japan and China are going to outsource to America when the reciprocal tariffs begin. The property taxes industry will pay again, reducing residential property taxes and sales taxes.

Think of the huge increase in employment and good wages when Civil Engineers and Welders and Bricklayers get hired to droves for the rebuilt infrastructure. The increase in SS payroll taxes. The expansion of Social Security benefits and lowered ages, perhaps with a partial 'mandatory IRA" option with capped flat fees (ie Wall Street limited to $1 a month in fees.)

Old folks getting decent dividends from utility stocks and interest payments from Bonds and CDs.

So beautiful.

We're going to get so tired of winning.

Heraclitusstudent says

Inflation would come BECAUSE tarifs would result in more done in the US and higher wages. Unless we go in stagflation mode, it's no bad for consumers.
It's bad for corporate profits.

I like getting higher wages. It will make it easier to pay for all those made in USA stuff I'm going to buy. Seriously, I have a bunch of old stuff I bought in the 80's that I refuse to replace until I can get a new one made in USA. Both of my cars are made in Michigan, in 1995 and 1999. At least one of them should last me long enough until I can get the made in USA car that I like to replace it.

Heraclitusstudent says

Inflation would come BECAUSE tarifs would result in more done in the US and higher wages. Unless we go in stagflation mode, it's no bad for consumers.

Exactly. Moderate inflation and growth is a sign of a healthy economy.

Besides, who cares if computers or smartphones go up 15% in price, if it creates millions of $13-20/hr jobs?

This is shit you buy once every couple of years. Who buys a huge TV, fridge or washing machine three times a year?

mell says

Also for those with kids there will be a childcare deduction and general lower taxes for the middle-to-upper class.

Honestly, I am really not seeing anything in Trump's tax plan that changes my taxes at all. Income rates are the same, capital gains are the same, increased standard deduction doesn't help me since I itemize and my itemized stuff is about equal to the new higher standard deduction. It might be easier to fill out the fucking form at some point, but even that I am not seeing.

Actually it's not just tariffs, but he talked about more spending (infrastructures and military) and tax cuts, so higher deficits.
More activity and inflation at the price of more debts.
This is why the 10yrs bonds are down.

But either way there can't be inflation without more money in people's pockets. Otherwise higher prices on one product cuts into demand for other products.

Any gain on trade would have to be done slowly and somewhat predictably to avoid destroying companies in the process.

Thunderlips Russian Agent 0069 says

Besides, who cares if computers or smartphones go up 15% in price, if it creates millions of $13-20/hr jobs?

Not me, But I doubt consumer electronics are going to be made in the US on a grand scale like they used to be any time soon or even with a 35% tariff. An example of the type of things I would expect to return to the US would be things like higher end power tools, like the DeWalt's that used to be made in Maryland. I think 600 people here lost their jobs when that factory closed. Hopefully Craftsman tools will also be made in USA again, along with lots and lots of auto parts and appliances.

zzyzzx is deplorable says

I think 600 people here lost their jobs when that factory closed. Hopefully Craftsman tools will also be made in USA again, along with lots and lots of auto parts and appliances.

The one thing he CAN do right away is disallowing the tax deduction for companies relocating abroad. That alone might make Carrier think twice.

Heraclitusstudent says

Actually it's not just tariffs, but he talked about more spending (infrastructures and military) and tax cuts, so higher deficits.

Trump expects to grow the economy - Higher % of the population working and/or making more money than they were before = more tax revenue and less need for social services. It also means more money coming into Social Security. Hence, will more money coming in and less outlays, a tax cut becomes possible (if one can ignore the existing deficit even if it stays the same).

zzyzzx is deplorable says

Trump expects to grow the economy - Higher % of the population working and/or making more money than they were before = more tax revenue and less need for social services. It also means more money coming into Social Security. Hence, will more money coming in and less outlays

See what's good with Trump?: he made Keynesians out of republicans already.

Thunderlips Russian Agent 0069 says

All the growth is going to the rich right now. It didn't when we made much of our own shit.

When we made out own shit, jobs were easier to get and paid better in relative terms. Meaning instead of zero or negative wages after inflation for over 30-something years, we will have positive wage growth after inflation. Everyone will get richer.

lostand confused says

I can't hire anybody local, but only through the big H1B firms-which is a shame, when there is a surplus of talent...willing to work at comparable rates.

May I please ask the rationale (actual vs stated)?