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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (1112448)	1/21/2019 7:11:29 PM
From: ryanaka	1 Recommendation Recommended By sylvester80 Respond to of 1573076

2018 Federal deficit jumped 17% over 2017 to the highest level since the financial crisis, thanks to tRump tax cut.

To: sylvester80 who wrote (1112448)	1/21/2019 7:18:23 PM
From: sylvester80	Respond to of 1573076

The top 26 billionaires are as wealthy as 3.8 billion people or more than 50% of the world's population... Think about that... Just 26 people = 3.8 billion people... IT IS DISGUSTING... CRONY CAPITALISM MUST DIE... AND SO SHOULD ANYONE WHO VOTED FOR THE REPUBLICAN POS tRump TAX SCAM... cnn.com

To: sylvester80 who wrote (1112448)	1/22/2019 7:12:22 AM
From: RetiredNow	Respond to of 1573076

Yep. Watch that one. It is due to the Federal Reserve holding rates down for so long and the big companies being unable to repatriate their overseas profits until only recently under the new tax laws. So they borrowed at low rates instead. The problems of 2008 were never resolved, but just swept under the rug. The mortgage crisis became the sovereign, corporate, and student debt crises. It's going to be really ugly when those blow up. It's why I've been very conservatively invested in mostly cash and short dated treasury bonds since summer 2007. When this blows, equities and longer dated bonds will get hammered. There will be no safe place, except cash. I'd say gold too, but gold is a manipulated asset in our country. So you can't count on gold going up when there's a crisis, because the Fed manipulates it's price to keep it an imperfect competitor for the USD.