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Blood on the street II
- Thread starter charliebrown
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I don’t get why the government is buying oil to fill up the strategic oil reserve. I know oil is cheap right now, but it seems like there should be better places to spend money right now than to fill oil tanks. The reserve seems a dated concept to me, given we produce so much oil anyway.
anyway, I’m braced for the worst day of this so far, market wise. This changes so fast. Friday, I thought I would modestly buy back in some today (I’ve been on the sidelines for years, mostly). Not this week, now.
anyway, I’m braced for the worst day of this so far, market wise. This changes so fast. Friday, I thought I would modestly buy back in some today (I’ve been on the sidelines for years, mostly). Not this week, now.
In the case of the strategic oil reserve, my hunch its more about providing some support for oil prices (to keep it from falling to $10/barrel) than anything else. Is it money well spent? Government wastes so much money these days its a rounding error. We can sell that oil when prices are higher, or use it, so its a marginal waste at worst.
At this point, it's all monopoly money now. Both sides of the aisle have lost all fiscal discipline and almost no one seems to care. Even without CV-19, the fiscal situation was not going to end well. CV-19 will likely bring it to a head. Lots of people to blame here, including voters. This shitstorm has been decades in the making, starting with LBJ.
At this point, it's all monopoly money now. Both sides of the aisle have lost all fiscal discipline and almost no one seems to care. Even without CV-19, the fiscal situation was not going to end well. CV-19 will likely bring it to a head. Lots of people to blame here, including voters. This shitstorm has been decades in the making, starting with LBJ.
Filling the oil reserves also has to do with a promise to our allies in Europe. We agreed to hold extra oil for them in case of emergency like oil embargo etc. Better get
massages in in New Jersey, some towns are closing down close contact places barber shops, gyms, nail salons etc. Massage places staying open will be targeted by
police for sure.
massages in in New Jersey, some towns are closing down close contact places barber shops, gyms, nail salons etc. Massage places staying open will be targeted by
police for sure.
What the administration is doing now is expanding entitlements - paid sick leave, unemployment insurance, etc...Every fat cat is against socialism until their stock is bottoming out. Then they all have their hands out just like the people on the bottom - funny how that works.
Never mind that the deficit has absolutely exploded since the Trump tax cuts - 15 percent since last year alone while Bezos and other CEOs don’t pay a dime. Corporate welfare is a huge factor in how we got here
Never mind that the deficit has absolutely exploded since the Trump tax cuts - 15 percent since last year alone while Bezos and other CEOs don’t pay a dime. Corporate welfare is a huge factor in how we got here
Most corps pay taxes unless the tax code gives them breaks. Amazon getting big breaks now because of huge expansion write offs. When you invest in your business you
get a tax break. Most of the evil corps Big Pharma, Big Oil etc pay billions in taxes, not to mention good wages for thousands of employees. Look how much the govt makes on taxing gas compared to the Oil Co's. Trump tax cuts helped the economy where he went wrong is the spending. The real spending problem started under Bush, and has continued.
get a tax break. Most of the evil corps Big Pharma, Big Oil etc pay billions in taxes, not to mention good wages for thousands of employees. Look how much the govt makes on taxing gas compared to the Oil Co's. Trump tax cuts helped the economy where he went wrong is the spending. The real spending problem started under Bush, and has continued.
I’m well aware that the companies are playing within the rules of the tax code - you can’t expect them not to stretch that as far as they can. The code is a major issue as far as deficit is concerned
https://itep.org/60-fortune-500-companies-avoided-all-federal-income-tax-in-2018-under-new-tax-law/
https://itep.org/60-fortune-500-companies-avoided-all-federal-income-tax-in-2018-under-new-tax-law/
A lot of these girls are absolutely scared out of their minds. One girl I just talked to said she won't even leave her apartment. I said I would pick her up in Flushing, drive her to my home in New Jersey then in the morning drive her back. Her answer was a resounding NO. new Jersey is dangerous she said. I told her she would only be in my car, and then alone with me at home. No contact with anyone else. Still no. Logically it makes no sense but their fear is so great logic is tossed out the window right now.
tuddles, you would absolutely pass. the only issue is the Sunday night crisis drop and QE plans make everyone think of a calamity. Will these low interest rates excite people to look at cars and houses if they are afraid they are going to die or contract the disease and inadvertently kill someone else. This is why I said they are pushing a wet noodle at this time.
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