Now the Economy in F---- Trouble

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Glaucon
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Re: Now the Economy in F---- Trouble

Postby Glaucon » Tue Nov 19, 2013 3:12 pm

Alright Mat. It was just your unalterable opinion, one which you just wish to express over and over, without wanting to debate it. Got it.
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Re: Now the Economy in F---- Trouble

Postby TreatRothschild » Fri Nov 22, 2013 10:51 am

Mat wrote:there you go thinking I am attempting to debate vs just giving my opinion. I know everything must be confrontational to you so enjoy.

I don't think Glau is being purposely obtuse, Mat. This is a debate topic so, expressing an opinion will garner answers.

Peace brother.
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Re: Now the Economy in F---- Trouble

Postby Mat » Fri Nov 22, 2013 1:33 pm

TreatRothschild wrote:
Mat wrote:there you go thinking I am attempting to debate vs just giving my opinion. I know everything must be confrontational to you so enjoy.

I don't think Glau is being purposely obtuse, Mat. This is a debate topic so, expressing an opinion will garner answers.

Peace brother.

actually it is non-gor/general/news and not in the debate section. But either way I don't mind answers or reading others opinions I just wont engage here in the back and forth of a debate at this time.
There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him
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Glaucon
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Re: Now the Economy in F---- Trouble

Postby Glaucon » Fri Nov 22, 2013 1:44 pm

You don't have to (even if you are doing it).

Meanwhile, in Europe, there are persistent problems relating to banks. New rules require banks to retain more liquidity in proportion to what they lend out. To prevent banks falling over and having to eb bailed out as soon as they hit a bump. The banks complain that this makes it harder for them to be profitable and say that it means that they won't be able to give as much credit to businesses and potential home-owners, hampering economic growth and preventing house prices from recovering.

I am not sure were to stand on that one, frankly. But it does seem that the fragile position of banks in Europe will continue to stunt economic growth for a long time in many European countries.
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Re: Now the Economy in F---- Trouble

Postby Kaitlin » Mon Dec 30, 2013 3:04 pm

Wow 75% Tax Rate?

France’s Hollande Gets Court Approval for 75% Millionaire Tax

http://www.bloomberg.com/news/2013-12-2 ... e-tax.html

Under Hollande’s proposal, companies will have to pay a 50 percent duty on wages above 1 million euros ($1.4 million). In combination with other taxes and social charges, the rate will amount to 75 percent of salaries above the threshold, the court wrote in a decision published today.


What will be the impact on business in France?
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Glaucon
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Re: Now the Economy in F---- Trouble

Postby Glaucon » Mon Dec 30, 2013 3:35 pm

Minor, most likely. Lots of European countries used to have top tariffs like that (or higher) in the past, until those were brought down (after WW 2 until the 80s or something). And it never did much to hamper business and/or economic growth.
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Re: Now the Economy in F---- Trouble

Postby Jenny1919 » Thu Jan 02, 2014 1:41 pm

I will give you a bold prediction.. Stock Market bubble will burst
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Glaucon
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Re: Now the Economy in F---- Trouble

Postby Glaucon » Thu Jan 02, 2014 2:10 pm

Jenny1919 wrote:I will give you a bold prediction.. Stock Market bubble will burst


Eventually, you will be proven correct. But that would be like saying: "I predict rain." You will be proven correct, at some point.

But you mean... this year? 2014?

My guess is: not this year. Economic indicators are positive in the USA, corporate profits rising. Sure, stock prices are high, so they may take a dive at some point, but I don't think it will be one of those free-fall 'everyone panic' ones.
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Re: Now the Economy in F---- Trouble

Postby Jenny1919 » Thu Jan 02, 2014 8:18 pm

Glaucon wrote:But you mean... this year? 2014?

Yes in 2014

Glaucon wrote:My guess is: not this year. Economic indicators are positive in the USA, corporate profits rising. Sure, stock prices are high, so they may take a dive at some point, but I don't think it will be one of those free-fall 'everyone panic' ones.


Twitter for example.. Lost 65million dollars.. Last quarter Alone yet their stock price rose.. Others are still cutting employment.. Heck the unemployment rate is still well over 15-20% You cannot say the 7% or whatever is being published. That is people still 'looking' yet unemployed.. This number does not account for the millions that simply gave up looking and arent looking anymore..

Retail Sales are down over 3.1% from the previous year... Housing mortgage applications are at a 13 year low.. I dont see how its possible the stock market is up 143% since 2008..

If corportate profits are up why is unemployment not drastically improving is taken forever to get the fake number down to 7.8% or whatever its at..

Im not saying mass hysteria but probably 25-50% range of drop
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Glaucon
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Re: Now the Economy in F---- Trouble

Postby Glaucon » Fri Jan 03, 2014 12:26 am

Twitter for example.. Lost 65million dollars.. Last quarter Alone yet their stock price rose..


Twitter is one of those odd companies. Really well known, great success, but without much of an earning model. They are working on that, now. The value of that stock seems inflated, I agree, but... you never know. Amazon wasn't making any profit for a long time, either, but it seems the long-term bet paid off for the people buying their stock.

Others are still cutting employment.. Heck the unemployment rate is still well over 15-20% You cannot say the 7% or whatever is being published. That is people still 'looking' yet unemployed.. This number does not account for the millions that simply gave up looking and arent looking anymore..


That doesn't necessarily mean lower stock prices. Stock prices are supposed to reflect expected future earnings of companies. If a company fires people, that may be crappy for the people fired, but profits of that company may actually go up, because of it. And for quite a while now, profits of larger companies HAVE been going up, even while they were firing people.

Retail Sales are down over 3.1% from the previous year... Housing mortgage applications are at a 13 year low.. I dont see how its possible the stock market is up 143% since 2008..


If corportate profits are up why is unemployment not drastically improving is taken forever to get the fake number down to 7.8% or whatever its at..


Because, like I said, corporate profits are not necessarily linked to employment. Some simple examples.

Company A (as in Apple) makes phones. They design a nifty new phone. And order all the parts from China, on the cheap, where they are made in factories that have nets hanging below the upper windows and roof, to stop employees from killing themselves. Profit (and shares) up, but no jobs at home.

Company B is really innovative. It creates a really good online shop where people can shop for shoes. All of that is done from one facility in the country. It's profits go up, as department stores and specialist shoe-shops around the country lay people off and close doors.

I know someone probably told you that what is good for corporations is also good for America. But guess who they work for?

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