We have a winner! wrote:
https://imgur.com/download/6TCJWQS/
I can’t think of anyone more deserving. Congratulations!
We have a winner! wrote:
https://imgur.com/download/6TCJWQS/
I can’t think of anyone more deserving. Congratulations!
^Igy obsession award
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Ghost of Igloi wrote:
^Igy obsession award
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You proved my point.
Ha, ha, ha.....
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And again you prove worthy of your reward. Congratulations!
Obsession....session.....
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So you keep replying to me, but I’m obsessed? Haha.
Igy obsession....your reason for posting.....incessantly about me....
Obsession......driving your inner insanity.......and outer ugliness.....
You did it again.
?♂️
Igy obsession....your reason for posting.....incessantly about me....
Obsession......driving your inner insanity.......and outer ugliness....
Obsession.....Igy will be in your dreams tonight.....
Look ? to your inner ugly and outer ugly self.....
Seek......help........
?♀️
You may be as thin-skinned as Trump. That’s not all you have in common.
agip wrote:
seattle prattle wrote:
A good read. But I would like to read the rebuttal from reliable sources. Thanks for posting the informative article.
the piece does go through some of the disagreements one by one.
But the Economist did leave out some key elements like the aging of the population/much longer lives. And it only touched lightly on the shrinking family size issue. Both of those argue for the 'inequality is overhyped' thesis.
Today the NY Times posted an article which sights recent analysis by a couple of the members of the NY Fed on Income Inequality, and particularly how it is concentrated to the greatest extent in the largest US urban hubs, namely New York, Los Angeles, San Francisco, San Jose, Houston, Washington, D.C.. Fascinating in how it attributes this to changes in what constitutes our economic engine in a global economy and the the death of manufacturing in other locations.
An excerpt: "Economic inequality has been rising everywhere in the United States. But it has been rising much more in the booming places that promise hefty incomes to engineers, lawyers and innovators."
Full article:
https://www.nytimes.com/2019/12/02/upshot/wealth-poverty-divide-american-cities.html?action=click&module=Well&pgtype=Homepage§ion=The%20UpshotYes, I understand that you question if income inequality might be over-played by ignoring certain forces that would offset its relevance, but this article and the underlying study do not delve into that at all.
Pretty clear that wealth is being concentrated into fewer hands, and the Republican tax cuts did more for the wealthy, and corporations. The supposed trickle down to corporate capital spending was instead directed toward dividend payments, stock buybacks, and acquisitions. None of which did anything but fill the pockets of the upper 5% that control most of the wealth. It really is not surprising that we get more extreme proposals from candidates. That goes for the Republicans as well as we hear about cuts to payroll taxes in advance of the 2020 election.
I look to the Fed as the primary culprit, whose policies favor those same entities that control wealth, distorting asset prices in favor of financialization. Creating a greater proportion of Americans that keep their head above ground via increasing levels of debt. Of course this in unsustainable, and a failure of responsibility to the larger population they should serve.
WSJ:
“Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets
The Federal Reserve Bank of New York added $70.1 billion in temporary liquidity to financial markets on Wednesday. The intervention via overnight repurchase agreements, or repos. Eligible banks offered the Fed $54.9 billion in Treasurys and $15.2 billion in mortgage securities, and the Fed accepted all of it.”
Dow up over 200 points on the day.
Yeah, I know...simplistic.
No worries. The market can always be bought off.
Gee.
I would have thought they retired that award after you won it so many times in a row.
[quote]Gruntz wrote:
You may be as thin-skinned as Trump.
You think Trump is thin-skinned?
Wow.
Uncle B wrote:
You think Trump is thin-skinned?
Wow.
Yup. You too.
[quote]Maserati wrote:
WSJ:
“Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets
The Federal Reserve Bank of New York added $70.1 billion in temporary liquidity to financial markets on Wednesday. The intervention via overnight repurchase agreements, or repos. Eligible banks offered the Fed $54.9 billion in Treasurys and $15.2 billion in mortgage securities, and the Fed accepted all of it.”
Dow up over 200 points on the day.
Yeah, I know...simplistic.[/quote
The day before it was $77.8 billion and the DJIA was down 280.23 for the day; "simplistic".
Trump Tweets and White House leaks = simplistic