patrick.net

Dan8267 says

Unless Trump fought it tooth and nail, it's still a betrayal.

I agree.

I am glad you agree that Obama betrayed those who elected him .

Lashkar_i_Trumpi says

Yeah, Hillary was really going to cut H2Bs, various Guest Worker Programs, and build the wall. She couldn't wait to tell Bezos and Microsoft to suck it, she was cutting H1-Bs. This from the woman who wrote off a good third of the country in order to fire up her base of Viragos, Basic Bitches, Timorous Males, AAFES, and SEIU Shrews.

Last time I checked hillary lost trump won and is president. What hillary would have done is irrelevant to trump screwing his voters. Looks like a severe case of trump ass sucking syndrome going on.

FP says

I am glad you agree that Obama betrayed those who elected him .

I said that when he refused to close Gitmo in his first week.

Hater says

So man made global warming science is not settled YET?

WTF? Is this still going on? This is as infantile as it gets.

I might live long enough to see deniers & Republicans suffer from global warming,whether they believe that man has an effect on the environment or it's all natural.

YesYNot says

This is as infantile as it gets.

That's what's expected on patnet,from all of us. lmao
Nanny,nanny,Boo Boo!

I like this move by trump. Who wouldn't?

marcus says

C'mom T-Lips think about it. I'm sure you will come up with some better rationalizations. Apparently T-Lips doesn't know what medicare part D is, or that much of the spending on the Iraq war was off the books before Obama.

Not only do I know what it is, and who passed it, I've mentioned it many times before.

How much money did we spend in Libya and on Syrian "moderate rebels" who couldn't toss their weapons down to ISIS and flee fast enough?

How much money did Obama spend on Jordan's wall? I thought walls never worked and were a waste of money.

So Trump is just like Obama? I thought he was the solution to the Obama problem? Yet you justify every single one of his actions by saying obama did the same thing, or Hillary would have done the same thing.

errc says

So Trump is just like Obama? I thought he was the solution to the Obama problem? Yet you justify every single one of his actions by saying obama did the same thing, or Hillary would have done the same thing.

My goal here is to give Trump as much support as possible. He's got the Media, the Multinationals, most of the Dems, and at least half the Republicans opposed to his changes. Insisting that the failed Neoliberal status quo of Bush-Clinton-Obama that has brought declining standards of living to most of America (both regionally and by population), no peace to the Middle East, racial discord not seen since the 60s, and record high domestic terror attacks are actually great and things have never been

The alternative to Trump was never going to be Jill Stein or Bill Weld. It was Trump or Clinton.

If you don't like Trump, the main thing is to reform the Democratic Party and expel the Clintonistas, who despite a dramatic and unforeseen beating in the 2016 Election, are somehow still in control of the party and distracting any calls for change by screaming "Russia done hacked the election".

The current lawsuit on the DNC needs a thread at some point.

Lashkar_i_Trumpi says

opposed to his changes

What do you consider "his changes"? The stuff he spoke about during the election or the stuff he's actually tried to do?

joeyjojojunior says

What do you consider "his changes"? The stuff he spoke about during the election or the stuff he's actually tried to do?

Both. Because he didn't get the Honeymoon period, I'm extending my period of overall judgement to December 31st, 2017.

If SCOTUS actually finds his immigration pause unconstitutional, it'll be a stunning, unprecedented interference by the Judiciary into the President's foreign policy and national security powers.

I am quite confident that whatever happens the world can still support a population of at least 500M-1B.

Lashkar_i_Trumpi says

If SCOTUS actually finds his immigration pause unconstitutional, it'll be a stunning, unprecedented interference by the Judiciary into the President's foreign policy and national security powers.

No it won't Mr. Drama Queen. If Trump weren't such an idiot that he said out loud, in public, that he intends on discriminating based on religion, there would be no issue. But he is so dim that he didn't even understand that freedom of religion is one of the most basic tenets on which this country was founded.

Peter P says

I am quite confident that whatever happens the world can still support a population of at least 500M-1B.

Are you volunteering to be one of the 6.5 to 7 billion that doesn't make it?

Dan8267 says

Are you volunteering to be one of the 6.5 to 7 billion that doesn't make it?

I never volunteer.

But I will not delude myself into thinking that my chances are greater than 40%.

"was handed record high military and federal spending"

real DOD spending, 2009 dollars, 3Q09 to now:

3Q09 was Obama's first military budget.

"Obama added 9 trillion of debt"

Federal Debt Held By The Public (ex-Fed) shows the national debt was $6.8T after 3Q09 and was $12T after 4Q16, a gain of $5.2T, not $9T.

At any rate, Congress makes the spending bills, not the President.

"blessed by an extreme market bull cycle with a correlated increase in tax revenue."

real gov't spending, receipts, 2009 dollars

I don't know what planet you live on, but the reality here is certainly different. the problem with posting here is that there's about a dozen people just pulling their alt-facts out of their alt-asses.

They've been doing it continuously for years, so few people have the beginning of an honest argument or accurate worldview.

It's bullshit all the way down with them, and it takes 20X the time & effort to correct their lies vs. their investment in making them in the first place.

You have to hand it to T-Lips and CBOE, they definitely know what they want to believe.

They more or less say, "That's what I believe, and don't think that facts or logic are going to change my mind."

The amazing thing is that these are not stupid people. Humanity is fucking doomed.

Bellingham Bill says

"blessed by an extreme market bull cycle with a correlated increase in tax revenue."

real gov't spending, receipts, 2009 dollars

I don't know what planet you live on, but the reality here is certainly different. the problem with posting here is that there's about a dozen people just pulling their alt-facts out of their alt-asses.

Thanks goodness Trump is going to lower taxes on the wealthy and corporations. HE's probably going to postpone doing that long enough, that the resulting explosion of the deficit can be pinned on the democrat that follows him. Maybe a good plan would be to be selling the tax cuts extra hard in the 2018 election year, have them go in to effect in mid 2019 or so, and the deficit can be exploding in 2020 - 2022, the fault of the democrat that takes his place. Not only will it be the new guys fault, but his hands will be tied on undoing any of the cuts to social services that Trump initiated.

IT's so fucked up, and so easy to predict.

Bellingham Bill says

At any rate, Congress makes the spending bills, not the President.

But the President submits the budget, and can veto spending bills.

Is this really Bob?

There should be a list of who is banning who. I'm reserving the ban for completely infantile posters. So far, the count is one.

It's pretty lame to have a blog where you can keep others from communicating with each other. I think this will seriously hurt the site. Why visit a site where you can't debate. I think this is the death knell.

I'm sure if you look at who is doing the banning, it's mostly liberals.

Booger says

doing the banning, it's mostly liberals.

What does that say about the people who were banned? Is it that they present such well reasoned arguments that they broke the liberal's ego powered wall of denial? Are there any other fantasies that you would like to share with the group this morning?

Hater says

They want an echo chamber safe space.

Anyone who likes echos should love debating GW with you and ironman. You just scroll down and the same argument(1) keeps coming onto the screen like a visual echo. Ironman adds pictures for added mind numbing effect.

(1) I'm using the term argument loosely

YesYNot says

What does that say about the people who were banned?

It says a lot about the people who are doing the banning.

Alternative to banning:
Thread owners get to substitute avatars for posters in their threads.
The substitute avatar would only be active in that thread.
Patrick could generate some income as a site alternative to national geographic...

Booger says

YesYNot says

What does that say about the people who were banned?

It says a lot about the people who are doing the banning.

What do you think it says?

There are some people on the site who post well thought out arguments about different topics, and there are others that attempt to derail discussion and post the same inane nonsense, over and over and over. There are some people that answer questions when asked, to further the discussion, and others that run from questions like the plague.

errc says

What do you think it says?

In general, I think it says that the people who are banned are the ones running from questions like the plague. They are banned for having nothing original or interesting to add to the conversation.

OTOH, I find bob's comments interesting, so I'm surprised if dan banned him.

FP says

yep! patience is one of the few edges individual investors have

Very true. To add to that, 1 of the all time most valuable "edges" is the ability to admit when
they are wrong and take appropriate action.

YesYNot says

OTOH, I find bob's comments interesting, so I'm surprised if dan banned him.

I'm not. I don't let dan get away with posting ego stoking nonsense. He is extremely immature for someone who is supposed to be a professional person. He has a teen age girl hissy fit if he is proven wrong about something or his massive ego is challenged. Mature people with real accomplishments don't need to constantly tell you how great they are. Let the skis do the talking.

Just started the thread to let people know who is banning and what kind of people they are. Any other bans out there? I'm not going to ban or adhom or dislike or use whatever other cop outs patrick builds in. If I can't stand up for myself I shouldn't be here.

Six people going now!

And to the point--the deficit shrunk by 2/3 under Obama. He REDUCED spending.

CBOEtrader says

What're your thoughts on the technology to wildly increase silver demand theory?

Silver and gold are safe-haven's driven by lack of confidence in fiat systems. While there could certainly be short term gains from such new uses, the long-term trend won't be affected.

RealEstateIsBetterThanStocks says

gold is 100% speculation.

What form? If you are thinking of anything but physical coins, and to a lesser extent bars, that you take physical possession of, then absolutely. But why is that, because you aren't investing in gold at that point, but paper. And now cue...

RealEstateIsBetterThanStocks says

paper is 100% speculation.

Don't diss ZeroHedge.

Sometimes they point at the right thing. You just have to do the opposite.

So you don't have any solid reasons to buy gold, I didn't think so.

Same day you made your call to buy gold.

The first chart breaks historical options data into 30-day atm vol bins. From the historical vols, i calculated an implied one day move, then compared that implied move to the average market performance of the underlying. You can see that with vix lower than 17, vol very seriously under-performs its implied one-day move. Over 29 vol, the market tends to OVERPERFORM its implied one-day move.

Most investors understand the inverse relationship between the stock market and the vix... however in the second chart I am suggesting that the IV is a function of % drawdown from previous market high rather than absolute level of the market.

In the 3rd chart I track IV per day after a market high. Market volatility simply DOES NOT happen until after 6 weeks from the last market high.

Historically high vol environments starts around 100 days after a market high, after a greater than 15% decline from he previous high AND with an IV starting point of over 29... Thats when you buy vix calls.

Within 60 days or 8% of a market high, with IV less than 17%... this is a very strong risk/reward vol selling environment.

Geez.It looks like climate change is starting to show what it can do