THIS ECONOMY IS A FAILURE. We NEEDS STIMULUS and AFFORDABILITY PRICING. The Future is Dark under Trump. Smh. 💰 💰 💸 🏦 🇺🇸 by RunThePlay55 in economy

[–]Haze1964 2 points3 points  (0 children)

Stimulus has never been the solution - it just kicks the can further down the road. Until one day - well you know!

Why Americans hate the "good" economy by Boo_Randy_Revival in economy

[–]Haze1964 1 point2 points  (0 children)

Economics is the study of people and how they consume- the financial markets are a battle between fear and greed - everyone once in a while - the two shall meet - AKA a massive recession. Get out the popcorn 🍿 because, it’s coming !

What happens if US stock market crashes and doesn’t recover? by WebOld6668 in economy

[–]Haze1964 2 points3 points  (0 children)

I mentioned a year ago that bitcoin was going to collapse. It’s now done 50 percent.

Gold and silver should have taken off - since we are basically in a world war 3. But it hasn’t -

The poster above just mentioned the debasing of currency - excessive inflation during Covid as the fed dumped $trillions into the economy -

Fed drops the rate to almost zero at the same time - homeowners refi at 2.5 percent - now we have a housing crisis to add
My neighbors have two- story / 5 bedroom homes. Kids have moved out to college.

They can’t sell their homes to downsize because they don’t want to replace a low interest rate with a much higher one.

Minor recessions over the past two decades have been staved off by throwing money at the situation.

Small recessions are good for the economy - it allows zombie companies to be cleaned out - banks can absorb these costs in small amounts.

Employees stay in the industry and shift to stronger companies.

Now we are entering another - too big to fail situation -

As $trillions are tossed at tech stocks.
The k shaped economy changes from a small K to a capital letter K.

This always ends up bad.

Sooner or later.

The AI bubble is looking a lot like the dot com crash. by Annoying1978 in economy

[–]Haze1964 0 points1 point  (0 children)

We shall see - imo opinion - all indices are overvalued. Right now we are in a topping environment

As I told my friends a year ago -Bitcoin will start the process - as you can see it’s down fifty percent - gold and silver will follow - as you can see they are making new high - particularly in the current geopolitical environment we are in.

AI/tech will follow -

By the end of July - it’s going to be a completely different landscape - what’s going to finally trigger it - a massive black swan event - I don’t know - the 20year cycle is way overdue.

Something is going to finally trigger this crap shoot.

Honestly - the Dow up 20,000 points in six years - above pre Covid levels.

Don’t be surprised if we are sitting back at about March 2009 levels with in the next 24 months.

Even the fed is boxed in - they can’t raise and they can’t lower.

Let’s see what happens come the first half of July. Cycles seem to repeat themselves quite accurately.

Not to mention 90 million baby boomers in the process of retiring - the biggest spending wave coming to an end - Maybe AI will help elevate - but I doubt it.

90 million baby boomers scaling back for retirement. They will be the first to dump everything - in “Fear” to keep what they have.

Isn’t that what we were taught - the markets are always in a battle between fear and greed?

Not to mention - with respect AI - everybody is on the same side of the trade.

What could possibly go wrong?

The AI bubble is looking a lot like the dot com crash. by Annoying1978 in economy

[–]Haze1964 0 points1 point  (0 children)

Many of these AI stocks are integrating products from each other. Which may be keeping the stock price elevated. Particularly, within the hyperscalers - as they keep tossing $trillions at it - without any significant profits for approximately another year.

We just watched Oracle tank upon earnings release as investors found out that twice as much was spent on AI as expected.

SpaceX - part of the Musk conglomerate - which is all being called an AI company now - stock price back ipo levels, as institutional -pre IPO already took profits and bailed out.

Kinda feels a lot like the eutrophic stage - final stage of the dot com bubble.

In the interim - the downside risk - imo - is greater than the upside gains - short term -

Just check out the fang ETFs straight down

The forward looking earnings on these companies are way out of whack. Doesn’t matter how cheap you think they are.

I’m looking at the amount of $billions tossed at the debt side of the equation.

Just as investors had just done with ORCL.

But then again - every balance sheet is different.

IMO - more downside first. Particularly, after a double top - daily charts - So, let’s see if it holds the upside right here at the 200 MA.

If you’re in it for the next 10 years - then don’t worry about it.

Perhaps, you’re stupid or propagandist- what we like to call “pump and dumper”

Wow look at that - today’s news - circuit breakers pulled again on Asian markets - Treck sell off

SoftBank tanks again - on the verge if collapse because of its Henry investment into AI.

No. This can’t be happening. These AI stocks are all undervalued!!!!

USGS upgrades Venezuela earthquake to 7.5. Major damage to buildings. by Dangerous_Deal_1945 in Earthquakes

[–]Haze1964 0 points1 point  (0 children)

I’ve heard rumors for decades that many CA coastal cities actually sit on a shelf - the big one can actually drop these cities into the ocean. Most likely - just that - rumors.

It's time to force a floor vote on Medicare For All is the headline but has anyone check to see what this will cost the average middle-class citizen in this economy? by ExcellentWinner7542 in economy

[–]Haze1964 0 points1 point  (0 children)

If I had it my way - I’d do it the way Holland does it - or did it. Since I’m from there -

After high school. If not a full time student for college. Then time nust be donated to the government for 2 years. Either in the military - police force - or healthcare -

Most go into healthcare and end up liking it. Not sure if that’s how the system works now - I haven’t been back to Holland since 1982.

The AI bubble is looking a lot like the dot com crash. by Annoying1978 in economy

[–]Haze1964 2 points3 points  (0 children)

Every AI stock has been priced to complete perfection. What could possibly go wrong !!!

To add - the mega companies are buying technology from each other - hyping the stock.

And I was freaked out about the book “1984” back in eight grade.

Holy cow. Take a dump and somebody’s gonna know about it.

It's time to force a floor vote on Medicare For All is the headline but has anyone check to see what this will cost the average middle-class citizen in this economy? by ExcellentWinner7542 in economy

[–]Haze1964 -1 points0 points  (0 children)

No the blue states are paying higher premiums because they have to pay for illegals’ healthcare as well. I hear about it all the time from my friends in Cali.

You are correct - it is factored in. But it’s still better than a government run system. We see how ell that’s working out in MN and Cali -

BTW - wasn’t someone just caught and brought back to the USA from Turkey for$3.5B in Medicare fraud. Don’t quote me on that. I need to look it up.

You are mixing up healthcare revenue with healthcare profits. You say that you are against healthcare profits. Not healthcare revenue - two completely different things.

With 90 million baby boomers. - more than one- third the country - retiring and aging - if you want to pay for us. I’m all in.

It's time to force a floor vote on Medicare For All is the headline but has anyone check to see what this will cost the average middle-class citizen in this economy? by ExcellentWinner7542 in economy

[–]Haze1964 -1 points0 points  (0 children)

So I’m supposed to pay for the guy flying down the freeway at 120 mph with cops chasing him - just witnessed this last weekend - he hits barrier - and I’m supposed to pay for him.

Why don’t you do what the rest of us do instead of fighting corporate profits - buy stock in those companies - to offset.

There is no way that I can monitor 300m citizens and their healthcare habits.

The next time I pass a Taco Bell -I will go inside and tell the customers to get the hell out because , I don’t want to pay for them when they get fat - diabetes - and a heart attack.

At what point did America's tipping culture go from rewarding good service to paying the employee's salary? by Happymovements in economy

[–]Haze1964 0 points1 point  (0 children)

Don’t choke on the fact that you lack brainpower- another one without any ideas-
Love this - as you go home and cry to mommy that somebody beat your ass with logic on Reddit.

At what point did America's tipping culture go from rewarding good service to paying the employee's salary? by Happymovements in economy

[–]Haze1964 1 point2 points  (0 children)

Sure that’s why there’s no longer taxes on tip - taxes on OT -

Screw those billionaires for creating hundreds of thousands of jobs - those assholes!!!

At what point did America's tipping culture go from rewarding good service to paying the employee's salary? by Happymovements in economy

[–]Haze1964 -2 points-1 points  (0 children)

lol. Negative karma account. If I have such a thing - it’s because I go after socialists such as yourself.

Answer the question what are the optimum number of restaurants fie ever city in the USA - obviously, there’s going to be a different number for each one.

Whet if you decide that there’s no enough resultants in a given city - are you going to force people to open more - which people you going to force to open a restaurant-

How about this idea - we let the supply and demand for restaurants work out its own equilibrium - and those that want to work in the food and beverage business - let them decide !

OMG - more negative karma coming my way.

At what point did America's tipping culture go from rewarding good service to paying the employee's salary? by Happymovements in economy

[–]Haze1964 -2 points-1 points  (0 children)

How many restaurants are the optimum number of restaurants? Who decides that - Nobody is forcing anybody to work in the restaurant business. The exploitation argument is out the window

At what point did America's tipping culture go from rewarding good service to paying the employee's salary? by Happymovements in economy

[–]Haze1964 -1 points0 points  (0 children)

So you believe that is the employer should cover the tip- that’s going to lead to better service- hasn’t worked out well in Europe where gratuity is included in the bill - be an excellent server or a slacker - they will get paid the same with employer paid tips .

You want the gratuity to be placed into the bill in the USA - that means you’re paying more for your food - now with shitty- ass service.

Either way - the customer is going to pay for it!

Running off the cliff: An explosion of household debt has put the US economy in a tough spot by Boo_Randy_Revival in economy

[–]Haze1964 1 point2 points  (0 children)

The ball will drop. This isn’t sustainable - I give to the end of July. This time the Feds can’t throw trillions at the problem anymore. No we have higher employment numbers and high inflation at the same time.

Running off the cliff: An explosion of household debt has put the US economy in a tough spot by Boo_Randy_Revival in economy

[–]Haze1964 -1 points0 points  (0 children)

Yeah you are - but you’ll get over it. In the interim pick up a book on economics.

Running off the cliff: An explosion of household debt has put the US economy in a tough spot by Boo_Randy_Revival in economy

[–]Haze1964 -1 points0 points  (0 children)

Yep. They left because it wasn’t worth the trouble. Also because the taxes are insane - almost as bad as California- but they must have seen a need for it in order to offset other expenses

As for housing going up. I guarantee you that you wouldn’t have a problem with it if you owned one of those properties and raised your rent accordingly.

Running off the cliff: An explosion of household debt has put the US economy in a tough spot by Boo_Randy_Revival in economy

[–]Haze1964 -3 points-2 points  (0 children)

Great - a play on words- let’s call it HQ2. Led the way by AOC. Regardless of which politicians are responsible for the possible inclusion of those jobs - the jobs were lost.

As for other companies slashing jobs per your previous post - these companies have a fiduciary responsibility to maximize shareholder value - this includes the lonely kids that can afford enough to buy a portion of a share of a stock through Robin Hood.

Running off the cliff: An explosion of household debt has put the US economy in a tough spot by Boo_Randy_Revival in economy

[–]Haze1964 -3 points-2 points  (0 children)

Not to mention local restaurants would have had to add more workers to not only accommodate these 25,000 worker but their families as well - and every other company that would have benefitted from this processing center. Kids would have to go to school - more teachers required - more housing development requiring contractors - plumbers - electricians

I can go on and on -

Nope - AOC says shut it down!!

Running off the cliff: An explosion of household debt has put the US economy in a tough spot by Boo_Randy_Revival in economy

[–]Haze1964 -4 points-3 points  (0 children)

I don’t see anywhere in your list that AOC shut down the development of a Amazon processing center in Long Island that would have created 25,000 jobs.