Ghost of Igloi wrote:
Try to keep up wrote:
The Pats won last night.
Go strut around the hood in your mustard stained faded Brady Jacket.
I am not part of your little fantasy.
Ghost of Igloi wrote:
Try to keep up wrote:
The Pats won last night.
Go strut around the hood in your mustard stained faded Brady Jacket.
I am not part of your little fantasy.
The Dow up to 30,000 - Igy you lost.
Bitcoin and Xpeng up big.
Nio up a little.
Tesla and gold stocks flat.
Dow will be below 14,000 before the 2022 elections
[quote]Try to keep up wrote:
[
This guy is looking back and bragging "try to keep up" when he is being lapped.
Not too bright.
Calamity Joe wrote:
The Dow up to 30,000 - Igy you lost.
Shows what $7 Trillion can do for investor’s psyche. As far as the economy, gone with nothing to show. So I assume any 30,000 print won’t last long.
Das Unkle wrote:
Try to keep up wrote:
[
This guy is looking back and bragging "try to keep up" when he is being lapped.
Not too bright.
Says the guy who can’t use the simple quote function. Oh, the irony!
Try to keep up wrote:
Ghost of Igloi wrote:
Go strut around the hood in your mustard stained faded Brady Jacket.
I am not part of your little fantasy.
Oh so you’re not the Troll that sucks up to sports stars. Well good, get back to work, before the boss sees you goofing off.
The Unkle wrote:
la gente esta muy loca wrote:
So let's look at the numbers.
https://fred.stlouisfed.org/graph/fredgraph.png?g=xJ9VThe lime line is the top 1%; the onyx line is the bottom 90%.
The top 1% are not the economic elites. Not even close.
The net worth of someone just in the top 1% is a lot closer to those in poverty than it is to the elites
The top .0002% are. The billionaires.
I previously posted the explosion in wealth of the multi billionaires since Covid hit.
Massive increase.
The top .0002% are part of the top 1%.
Though the SCF is precluded from sampling from theForbes400, the wealth of some SCF households is greater than the wealth of some Forbes families. As described here, we develop weights to incorporate the wealth of these omitted families into the SCF wealth totals. Our preferred treatment of coverage error involves adjusting the SCF sample weights at the top and including a weighted version of theForbes400 wealth. We do so in a “combining samples” weighting approach by leveraging the overlap between the Forbes wealth and the wealth of some SCF respondents
From the The Distributional Financial Accounts of the United States.
The top .0002% usually account for 10% of the top 1% et wealth. Their net wealth is strongly correlated to equities, public and privately owned, +86.3%.
https://fred.stlouisfed.org/graph/fredgraph.png?g=xOXGTheir net worth fluctuates with the markets revaluations and Forbes valuation, most often overly generous, of privately owned assets. There is no massive transfer of wealth from the masses, in fact the last few years the masses wealth has increased at a faster rate than the 1 and .0002%. At the end of June 2020 The Forbes Billionaires was back to $3.4 trillion, the same as the end of 2019. In the 1st quarter of 2018 it was $3.1 trillion, thus an increase of 9.68%. Now looking at that same period using DFA data; the top 1% was 9.5%, 90-99 was 12.6%, 50-90 was 13.5% and 1-50 was 32.5% !
https://fred.stlouisfed.org/graph/fredgraph.png?g=xPsABloomberg has a Billionaire Index of the top 500 global billionaires, the year- to-date results ( as of 11/13/2020 ) are interesting.
Soros -0%, sorry tin foil hats
Bezos+ $69.3B obviously
Elon +$74.6B thanks to overly generous "investors"
Uncle Warren -$3.17B still slip sliding away
Waltons most are up over $10b who says dividend investing is dead
Mars family most are down a little over $500m sorry about those Halloween cancellations
The Republican enabling class
Charles Koch -$7.7B
Sheldon Adelson -$4.77B
Stephen Ross -$521M
Rupert Murdoch -$736M
masses' wealth
Ghost of Igloi wrote:
Try to keep up wrote:
I am not part of your little fantasy.
Oh so you’re not the Troll that sucks up to sports stars. Well good, get back to work, before the boss sees you goofing off.
I am the boss.
BTW, given your handle, you shouldn’t be demeaning others about sucking up to others. Is that Irony guy still around?
Try to keep up wrote:
Ghost of Igloi wrote:
Oh so you’re not the Troll that sucks up to sports stars. Well good, get back to work, before the boss sees you goofing off.
I am the boss.
BTW, given your handle, you shouldn’t be demeaning others about sucking up to others. Is that Irony guy still around?
Demeaning others? That’s all you do with your silly time wasting posts.
Racket wrote:
seattle prattle wrote:
interesting read. I am particularly intrigued as to why wealth taxes failed in Europe.
I've heard ideas floated during the campaign about a capital gain tax on unrealized gains (still holding the stock that gained in price at the end of the year) and of a tax on each trade. Whatever, i'll hear it out before jumping to any conclusions.
Tax on unrealized gains? There's no way that's a thing, you must have read incorrectly.
That's messed up on so many levels lol. I might even go as far to say it'd be straight up unethical. If you wanna extract more tax revenue from equities then just bump the capital gains tax rates up instead of charging people real tax dollars on unrealized gains.
No, i heard it kicked around at some point during the debates or thereabouts.
Apparently it was an idea floated by a Senator, but luckily, sounds like it doesn't have much traction. Luckily.
https://www.cnbc.com/2019/04/03/what-the-wyden-proposed-tax-on-unrealized-capital-gains-may-mean-for-you.htmlall time high for US small caps.
surprising to me.
XLE up as much as 7% today, by the way.
Ghost of Igloi wrote:
Try to keep up wrote:
I am the boss.
BTW, given your handle, you shouldn’t be demeaning others about sucking up to others. Is that Irony guy still around?
Demeaning others? That’s all you do with your silly time wasting posts.
So referring to someone as “ the Troll that sucks up to sports stars” is your idea of a compliment? You have a lot of growing up to do yet.
Irony Mann wrote:
Das Unkle wrote:
Says the guy who can’t use the simple quote function. Oh, the irony!
You guys are obsessed with the "simple quote function". That's like your big zinger.
Christ you are limited
Tesla just announced as being added to SNP 500, massively up after hours
seattle prattle wrote:
Tesla just announced as being added to SNP 500, massively up after hours
Nice.
I see it is up 9.5%.
Let's hope this holds up.
I have de-emphasized Tesla recently. At one time held 600 shares. Now only 100 as I have moved more into NIO, bitcoin, and Xpev.
Thanks for the goobledy-gook.
Now for the facts.
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Try to keep up wrote:
Ghost of Igloi wrote:
Demeaning others? That’s all you do with your silly time wasting posts.
So referring to someone as “ the Troll that sucks up to sports stars” is your idea of a compliment? You have a lot of growing up to do yet.
Ah come on you can do better than that. Teach me a lesson.
You’re such a psycho asshat.
