economic nirvana = $1 Trillion added to the deficit every 100 days
-
11
-
Ghost of Igloi wrote:
economic nirvana = $1 Trillion added to the deficit every 100 days
I literally wrote 'except the debt, that's not good'
and as we've talked about, debt/gdp has gotten better, not worse, over the last 4-5 years.
11 -
agip wrote:
Ghost of Igloi wrote:
economic nirvana = $1 Trillion added to the deficit every 100 days
I literally wrote 'except the debt, that's not good'
and as we've talked about, debt/gdp has gotten better, not worse, over the last 4-5 years.
Ridiculous metric when GDP goes up because of wild spending. How about GDP rise relative to deficit spending? Using that metric each incremental increase in GDP requires a much higher increase in deficit spending. Very foolish.
10 -
Educate yourself:
00 -
So, my distance beyond the Dow YTD in 2024 keeps increasing. I would list the two stats here today, but I don't feel like yanking your chains today, so I'll wait for another day to do that (maybe, or maybe not).
22 -
Ghost of Igloi wrote:
Educate yourself:
I agree with you Igy
the debt is unsustainable.
However, I don't think it it's fair to ascribe all the growth in the economy to that debt, and it's not fair to condemn the entire economic/investing enterprise because of the debt.
and we have to face facts. The debt situation is not getting worse, it's been around the same for a few years, and markedly better than the 2019-2020 peak.
This post was edited 28 seconds after it was posted.11 -
Ghost of Igloi wrote:
agip wrote:
I literally wrote 'except the debt, that's not good'
and as we've talked about, debt/gdp has gotten better, not worse, over the last 4-5 years.
Ridiculous metric when GDP goes up because of wild spending. How about GDP rise relative to deficit spending? Using that metric each incremental increase in GDP requires a much higher increase in deficit spending. Very foolish.
Psst! [Whispering voice] When was there NOT "wild spending" in your view?
[back to normal voice now]
We have had wild spending (except arguably perhaps not during Clinton's presidency, but even there it kind of still was) since Reagan, and then just irresponsible spending before that. You have to take that as a given until it no longer happens.
1) There is and will be "wild spending."
2) The Fed will put its thumb on the scale in favor of investors and companies.
3) Law makers in the US and 1st world countries worldwide will put their thumb on the scale in favor of investors and companies.
4) The trajectory of the stock market will continue to be UP with a few hiccups in there, and for people who are still in the accumulating stage of their lives, those hiccups offer great buying opportunities.
5) There is no financial investment so heavily favored on the side of investors than the stock market.
6) Buy, buy, buy, and buy some more. Always and forever until you retire.
40 -
11
-
Flagpole wrote:
So, my distance beyond the Dow YTD in 2024 keeps increasing. I would list the two stats here today, but I don't feel like yanking your chains today, so I'll wait for another day to do that (maybe, or maybe not).
Dow Jones YTD TOTAL return - 23.46%.
What is your bogus number?
20 -
Flagpole wrote:
Ghost of Igloi wrote:
Ridiculous metric when GDP goes up because of wild spending. How about GDP rise relative to deficit spending? Using that metric each incremental increase in GDP requires a much higher increase in deficit spending. Very foolish.
Psst! [Whispering voice] When was there NOT "wild spending" in your view?
[back to normal voice now]
We have had wild spending (except arguably perhaps not during Clinton's presidency, but even there it kind of still was) since Reagan, and then just irresponsible spending before that. You have to take that as a given until it no longer happens.
1) There is and will be "wild spending."
2) The Fed will put its thumb on the scale in favor of investors and companies.
3) Law makers in the US and 1st world countries worldwide will put their thumb on the scale in favor of investors and companies.
4) The trajectory of the stock market will continue to be UP with a few hiccups in there, and for people who are still in the accumulating stage of their lives, those hiccups offer great buying opportunities.
5) There is no financial investment so heavily favored on the side of investors than the stock market.
6) Buy, buy, buy, and buy some more. Always and forever until you retire.
Strange that you preach fiscal discipline for others, practice itself yourself, but ignore same principles for Government. I suspect you are blind to the looming problem as your paper wealth grows, and it is all just printed numbers on your account(s) statement.
10 -
Ghost of Igloi wrote:
Flagpole wrote:
Psst! [Whispering voice] When was there NOT "wild spending" in your view?
[back to normal voice now]
We have had wild spending (except arguably perhaps not during Clinton's presidency, but even there it kind of still was) since Reagan, and then just irresponsible spending before that. You have to take that as a given until it no longer happens.
1) There is and will be "wild spending."
2) The Fed will put its thumb on the scale in favor of investors and companies.
3) Law makers in the US and 1st world countries worldwide will put their thumb on the scale in favor of investors and companies.
4) The trajectory of the stock market will continue to be UP with a few hiccups in there, and for people who are still in the accumulating stage of their lives, those hiccups offer great buying opportunities.
5) There is no financial investment so heavily favored on the side of investors than the stock market.
6) Buy, buy, buy, and buy some more. Always and forever until you retire.
Strange that you preach fiscal discipline for others, practice itself yourself, but ignore same principles for Government. I suspect you are blind to the looming problem as your paper wealth grows, and it is all just printed numbers on your account(s) statement.
if flagpole could print money, collect taxes, had an infinite lifespan and never had to pay back his debts, he'd probably be somewhat more free-spending.
40 -
agip wrote:
Ghost of Igloi wrote:
Strange that you preach fiscal discipline for others, practice itself yourself, but ignore same principles for Government. I suspect you are blind to the looming problem as your paper wealth grows, and it is all just printed numbers on your account(s) statement.
if flagpole could print money, collect taxes, had an infinite lifespan and never had to pay back his debts, he'd probably be somewhat more free-spending.
Why isn't he more free-spending? Mrs. Flagpole is still bringing home the bacon.
10 -
Sally Vix wrote:
Flagpole wrote:
So, my distance beyond the Dow YTD in 2024 keeps increasing. I would list the two stats here today, but I don't feel like yanking your chains today, so I'll wait for another day to do that (maybe, or maybe not).
Dow Jones YTD TOTAL return - 23.46%.
What is your bogus number?
I reject that number, but I'm not willing to play this way today. Have a good day!
12 -
agip wrote:
Ghost of Igloi wrote:
Strange that you preach fiscal discipline for others, practice itself yourself, but ignore same principles for Government. I suspect you are blind to the looming problem as your paper wealth grows, and it is all just printed numbers on your account(s) statement.
if flagpole could print money, collect taxes, had an infinite lifespan and never had to pay back his debts, he'd probably be somewhat more free-spending.
I spend money on stuff that I want. I will never spend wildly just because I can. Beyond the incredible intelligence and HUGE biceps and outrageous musical ability, I am but a simple man.
10 -
Sally Vix wrote:
agip wrote:
if flagpole could print money, collect taxes, had an infinite lifespan and never had to pay back his debts, he'd probably be somewhat more free-spending.
Why isn't he more free-spending? Mrs. Flagpole is still bringing home the bacon.
The "bacon" is coming home in our investment returns. The amount made in 2024 so far has been INSANE. The Lovely Mrs. Flagpole continues to be a college professor because she likes doing that. Most professors at a certain stage of their careers really like that, and many continue to teach right up until death. She has said maybe 3 more years. We don't need her income. She took 15 years off to stay home with kids, so she's not yet burned out with working.
20 -
Flagpole wrote:
Sally Vix wrote:
Why isn't he more free-spending? Mrs. Flagpole is still bringing home the bacon.
The "bacon" is coming home in our investment returns. The amount made in 2024 so far has been INSANE. The Lovely Mrs. Flagpole continues to be a college professor because she likes doing that. Most professors at a certain stage of their careers really like that, and many continue to teach right up until death. She has said maybe 3 more years. We don't need her income. She took 15 years off to stay home with kids, so she's not yet burned out with working.
If you "don't need her income" why not donate it all to charity as Donald Trump did for the entirety of his presidency?
21 -
Ghost of Igloi wrote:
Flagpole wrote:
Psst! [Whispering voice] When was there NOT "wild spending" in your view?
[back to normal voice now]
We have had wild spending (except arguably perhaps not during Clinton's presidency, but even there it kind of still was) since Reagan, and then just irresponsible spending before that. You have to take that as a given until it no longer happens.
1) There is and will be "wild spending."
2) The Fed will put its thumb on the scale in favor of investors and companies.
3) Law makers in the US and 1st world countries worldwide will put their thumb on the scale in favor of investors and companies.
4) The trajectory of the stock market will continue to be UP with a few hiccups in there, and for people who are still in the accumulating stage of their lives, those hiccups offer great buying opportunities.
5) There is no financial investment so heavily favored on the side of investors than the stock market.
6) Buy, buy, buy, and buy some more. Always and forever until you retire.
Strange that you preach fiscal discipline for others, practice itself yourself, but ignore same principles for Government. I suspect you are blind to the looming problem as your paper wealth grows, and it is all just printed numbers on your account(s) statement.
I'm not ignoring anything. I have no control over what the government does. But, I DO accept what they do as a given. Not blind to anything. Everyone's money is just printed numbers (or digital numbers) of an account. Doesn't make it any less real. It would take a dystopian situation for my monetary situation not to be great.
10 -
Flagpole wrote:
Ghost of Igloi wrote:
Strange that you preach fiscal discipline for others, practice itself yourself, but ignore same principles for Government. I suspect you are blind to the looming problem as your paper wealth grows, and it is all just printed numbers on your account(s) statement.
I'm not ignoring anything. I have no control over what the government does. But, I DO accept what they do as a given. Not blind to anything. Everyone's money is just printed numbers (or digital numbers) of an account. Doesn't make it any less real. It would take a dystopian situation for my monetary situation not to be great.
Some consider running up $1 Trillion deficit every 100 days and whistling past the graveyard dystopian.
11 -
Ghost of Igloi wrote:
Flagpole wrote:
I'm not ignoring anything. I have no control over what the government does. But, I DO accept what they do as a given. Not blind to anything. Everyone's money is just printed numbers (or digital numbers) of an account. Doesn't make it any less real. It would take a dystopian situation for my monetary situation not to be great.
Some consider running up $1 Trillion deficit every 100 days and whistling past the graveyard dystopian.
You could (and I'm sure you did) say that every day with different numbers since 1980 or even before (but no, that's not dystopian). I haven't said it shouldn't be fixed. Just saying it matters not to me in my financial life. I have way too much for it to matter.
10 -
Sally Vix wrote:
Flagpole wrote:
The "bacon" is coming home in our investment returns. The amount made in 2024 so far has been INSANE. The Lovely Mrs. Flagpole continues to be a college professor because she likes doing that. Most professors at a certain stage of their careers really like that, and many continue to teach right up until death. She has said maybe 3 more years. We don't need her income. She took 15 years off to stay home with kids, so she's not yet burned out with working.
If you "don't need her income" why not donate it all to charity as Donald Trump did for the entirety of his presidency?
1) We donate plenty.
2) You have bought the lie that Trump donated his salary. He' didn't.
10
What People Are Talking About On LetsRun
No top threads at the moment. Check back soon.