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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Jerome who wrote (6130)8/22/2018 7:19:47 AM
From: Robohogs1 Recommendation

Recommended By
berniel

  Respond to of 26422
 
Keeping short rates higher is hardly inflationary.

Jon



To: Jerome who wrote (6130)8/22/2018 9:10:05 AM
From: w0z3 Recommendations

Recommended By
Kirk ©
robert b furman
toccodolce

  Respond to of 26422
 
From that socialist utopia south of us:



A kilogram, or 2.2 pounds, of tomatoes cost 5,000,000 bolivars, or 76 U.S. cents.

Venezuela was once among Latin America's most prosperous nations, holding the world's largest proven oil reserves, but a recent fall in oil prices accompanied by corruption and mismanagement under two decades of socialist rule have left the economy in a historic economic and political crisis.



To: Jerome who wrote (6130)8/22/2018 9:14:55 AM
From: robert b furman9 Recommendations

Recommended By
Clam digger
codfish23
Investor Clouseau
isopatch
John Pitera

and 4 more members

  Read Replies (1) | Respond to of 26422
 
Hi Jerome,

When I sold my dealerships,I had to pay those 39.6 plus 3.4 percent taxes. It was the culmination of my life's automotive career and its associated assets.

Once you see all that money go to the government and someone who's never paid it calls it welfare - well lets just say you would've had to have been there.

Personally when I hear someone make such an ignorant comment it just proves to me they've never been financially successful. You have fallen prey to the Democratic brainwashing that centers more on class warfare/envy. Its the precursor to wealth confiscation - which was the Hallmark of Barrack Obama's presidency.

A historical look as to how successful Obama's presidency was - shows it was a BAD flop.

It gets back to the beauty of how our society was intended to be in America by our fore fathers. The American dream must be preserved and does not include wealth redistribution or other forms of socialism.

My American dream happened. I did it on myself including working my way through college. My wife and I chose to not have children as I was working 70-75 hours weeks chasing my dream of building a successful and high quality dealership.

For that I made very good money for 25 years and did not change my lifestyle and invested my income wisely (not to mention paying back millions in debt, required in building four new dealership facilities).

For that I paid big money to the government in income taxes ,have a higher cost social security part B, and have to worry about my contributions to social security being stolen from me through "means testing". Can you imagine that the money I gave the government to the "Social Security" trust fund might not be given back to me because I have too many assets!

AND YOU CALL THAT WELFARE - you know very little about the world other than what you gullibly choose to believe to be true.

If you ever walk where I've walked - you'll see it my way too!

Sorry Jerome your ignorance has touched a nerve when you start spewing mistruths!

Bob



To: Jerome who wrote (6130)8/22/2018 9:16:52 AM
From: Jerome  Read Replies (3) | Respond to of 26422
 
Hey BOB, put the name calling aside for now.....

By what mechanism would the FED increase interest rates from savings accounts to be 1 or 2% above the inflation rate?

I believe that part of the reason the bull market is still going on is because of anemic bank savings rate.
Many quality stocks pay 3 to 4% dividends.