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Post by Sigurdur on Mar 3, 2024 0:09:22 GMT
Ignoring America’s $34 Trillion National Debt, House Democrats Float $5,000 Tax Credit To Send Americans ShoppingThe measure would create a $2,500 tax credit for individuals and a $5,000 tax credit for couples, which would be claimable for goods that meet the Federal Trade Commission’s Made in America standards. Neither party has shame when it comes to stupid ideas. Take a look at the propaganda surrounding Ukrainian funding! Must plan on the skirmish lasting 7 years? www.cbo.gov/publication/59948
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Post by ratty on Mar 3, 2024 0:31:25 GMT
Ignoring America’s $34 Trillion National Debt, House Democrats Float $5,000 Tax Credit To Send Americans ShoppingThe measure would create a $2,500 tax credit for individuals and a $5,000 tax credit for couples, which would be claimable for goods that meet the Federal Trade Commission’s Made in America standards. Neither party has shame when it comes to stupid ideas. Take a look at the propaganda surrounding Ukrainian funding! Must plan on the skirmish lasting 7 years? www.cbo.gov/publication/59948It's only money ... and you can always print more if needed.
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Post by glennkoks on Mar 3, 2024 4:14:52 GMT
It looks like a 3 way race to the bottom of the economic pit between Russia, China and the U.S. Our debt is going up by one trillion dollars every 100 days. We are now in the economic death spiral where the out of control spending and cost of servicing the debt is causing almost exponential growth. I have never really seen a number at which "mathematically" we simply can't pay off the debt but if we have not reached that point we will within a year or two. And then there are the unfunded liabilities... www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html#:~:text=The%20debt%20load%20of%20the,U.S.%20Department%20of%20the%20Treasury.
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Post by code on Mar 4, 2024 3:22:19 GMT
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Post by code on Mar 4, 2024 3:25:12 GMT
Ignoring America’s $34 Trillion National Debt, House Democrats Float $5,000 Tax Credit To Send Americans ShoppingThe measure would create a $2,500 tax credit for individuals and a $5,000 tax credit for couples, which would be claimable for goods that meet the Federal Trade Commission’s Made in America standards. Neither party has shame when it comes to stupid ideas. Take a look at the propaganda surrounding Ukrainian funding! Must plan on the skirmish lasting 7 years? www.cbo.gov/publication/59948Sig, I know you are against supporting Ukraine, I support Ukraine because I hate the Russian government. A friend of mine
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Post by Sigurdur on Mar 4, 2024 4:06:04 GMT
Neither party has shame when it comes to stupid ideas. Take a look at the propaganda surrounding Ukrainian funding! Must plan on the skirmish lasting 7 years? www.cbo.gov/publication/59948Sig, I know you are against supporting Ukraine, I support Ukraine because I hate the Russian government. A friend of mine Code: My post wasn't about supporting the Ukraine government. My post was about HB815, as amended. Politicians are telling everyone this is about supporting Ukraine. The CBO analysis of the spending clearly shows it isn't about that at all. One part of the bill funds building 3 submarines. Another part pays salaries for Ukraine government employees. The whole thing is, the spending goes on for 7+ years. Did a politician tell you that??
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Post by Sigurdur on Mar 6, 2024 0:37:25 GMT
It's always interesting to note when these stories about "big moves" in particular issues are published. When gold (London basis) bottomed toward $270 from July 1999 to March 2001 and became the premier investment for the early part of the 2000s with ultimate strength toward $1900, was there great interest at the beginning of the move? No. What occurred was steady denial into incremental strength with each rally to new highs above $1000 until the media and the public finally capitulated and were "all in." That submission was followed by a four year bear trend, as gold pulled back toward $1000.
What does this have to do with Bitcoin? Any issue that attracts a large following after a dramatic period of price strength should be considered with extreme reservations. Why? There are three kinds of players in the financial markets -- bulls, bears, and pigs. The latter category rarely wins anything.
WSJ comment on Bitcoin market
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Post by glennkoks on Mar 6, 2024 1:18:24 GMT
It's always interesting to note when these stories about "big moves" in particular issues are published. When gold (London basis) bottomed toward $270 from July 1999 to March 2001 and became the premier investment for the early part of the 2000s with ultimate strength toward $1900, was there great interest at the beginning of the move? No. What occurred was steady denial into incremental strength with each rally to new highs above $1000 until the media and the public finally capitulated and were "all in." That submission was followed by a four year bear trend, as gold pulled back toward $1000. What does this have to do with Bitcoin? Any issue that attracts a large following after a dramatic period of price strength should be considered with extreme reservations. Why? There are three kinds of players in the financial markets -- bulls, bears, and pigs. The latter category rarely wins anything. WSJ comment on Bitcoin market I can't get on the bitcoin bandwagon for one reason. If it ever becomes a big enough threat to any of the major economies that print fiat currency it will cease to exist. It will get outlawed, hacked or simply disappear.
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Post by Sigurdur on Mar 6, 2024 1:38:41 GMT
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Post by duwayne on Mar 7, 2024 15:21:17 GMT
On February 22 I asked Gemini (formerly BARD), the Artificial Intelligence APP, "what stocks are best for artificial intelligence?" The response is shown below. I've copied here only the words and left out the images (charts, logos). The stock prices and charts were not current and apparently were just the latest available from Gemini's files.
As a result of this reply, I bought 1 of these stocks the next day.
Gemini's reply to my question...
Logo for Gemini Apps Gemini Apps Prompted what stocks are best for artificial intelligence Details event February 22 at 3:23 PM apps Gemini Apps chat
Choosing the "best" AI stocks depends on your investment goals and risk tolerance. Here are some factors to consider:
Investment style: Are you looking for established companies with proven track records, or are you open to younger, high-growth companies with more risk? Industry focus: Do you want to invest in companies that develop AI technology itself, or those that use AI in their products and services? Risk tolerance: How comfortable are you with potential volatility in your investments?
Here are a few examples of AI stocks in different categories, along with their current stock prices as of February 22, 2024:
Established companies with proven track records:
Nvidia (NVDA): $693.32 - A leading manufacturer of graphics processing units (GPUs), which are essential for AI computing. Nvidia (NVDA) stock chart Microsoft (MSFT): $312.20 - A major player in cloud computing and artificial intelligence research. Microsoft (MSFT) stock chart Alphabet (GOOG): $3,079.14 - The parent company of Google, which is a leader in AI research and development. Alphabet (GOOG) stock chart
Younger, high-growth companies:
UiPath (PATH): $62.20 - A developer of robotic process automation (RPA) software, which uses AI to automate tasks. UiPath (PATH) stock chart Palantir Technologies (PLTR): $8.87 - A company that specializes in data analytics and artificial intelligence for government and commercial clients. Palantir Technologies (PLTR) stock chart C3.ai (AI): $18.89 - A provider of enterprise AI software and services. C3.ai (AI) stock chart
Companies that use AI in their products and services:
Amazon (AMZN): $3,914.00 - A leader in e-commerce and cloud computing, which uses AI in its products and services. Amazon (AMZN) stock chart Tesla (TSLA): $217.35 - A manufacturer of electric vehicles that uses AI in its self-driving technology. Tesla (TSLA) stock chart Netflix (NFLX): $228.36 - A streaming service that uses AI to personalize recommendations for its users. Netflix (NFLX) stock chart
Remember: This is not financial advice, and you should always do your own research before making any investment decisions. Consider consulting with a financial advisor to discuss your individual circumstances and risk tolerance."
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Post by missouriboy on Mar 11, 2024 21:39:51 GMT
Now I don't have anything against legitimate immigrants and "refuges". And maybe we do ... or will ... need a larger labor force in the not-to-distant future. But one has to wonder what American citizen workers think about all this. And, fairly or not, I also have to wonder if "The Big Guy" is getting his 10 percent.
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Post by duwayne on Mar 14, 2024 14:32:34 GMT
I've been a successful investor for a lengthy period of time and I credit that partly to maintaining an optimistic outlook even when there are a lot of problems in the economy. My approach has been "Buy and Hold" except when I see one clear negative event which is almost certain to result in a 50% market drop. Then I stand aside. I do, however, occasionally reduce my holdings from my preferred equity percentage when I see what I believe is a high possibility of a 20% market drop ahead.
I earlier predicted the market would undergo a "typical" 10%+ drop from its high some time this year. Normally, I do not try to time a 10% drop.
However, I see 2 candidate negative events which could lead to a 50% market drop. But they are not certain in my mind.
I've been thinking about the current "State of the Union" and I am finding it very hard to maintain my optimism. A Trump presidency might help things but it appears to be only a 50% possibility as of today.
Given all of this, today, at the market open, I reduced my equity investment by half. That is a lot of money. My price for SPY was 517.
My rationale is that I feel my expected 10%+ drop could turn into a 20% drop and possibly worse. And with the current high equity values I don't see much short term upside.
Please let me be clear. I'm posting this here for my own benefit. I am not recommending any actions for others.
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Post by glennkoks on Mar 14, 2024 15:03:40 GMT
I've been a successful investor for a lengthy period of time and I credit that partly to maintaining an optimistic outlook even when there are a lot of problems in the economy. My approach has been "Buy and Hold" except when I see one clear negative event which is almost certain to result in a 50% market drop. Then I stand aside. I do, however, occasionally reduce my holdings from my preferred equity percentage when I see what I believe is a high possibility of a 20% market drop ahead.
I earlier predicted the market would undergo a "typical" 10%+ drop from its high some time this year. Normally, I do not try to time a 10% drop.
However, I see 2 candidate negative events which could lead to a 50% market drop. But they are not certain in my mind.
I've been thinking about the current "State of the Union" and I am finding it very hard to maintain my optimism. A Trump presidency might help things but it appears to be only a 50% possibility as of today.
Given all of this, today, at the market open, I reduced my equity investment by half. That is a lot of money. My price for SPY was 517.
My rationale is that I feel my expected 10%+ drop could turn into a 20% drop and possibly worse. And with the current high equity values I don't see much short term upside.
Please let me be clear. I'm posting this here for my own benefit. I am not recommending any actions for others.
When I was younger my approach was "Buy and Hold" as well. Long term the market has been good for those willing to ride out downturns and count on the law of averages. That approach served me well. In 2021 when inflation became obvious I moved to safety becoming more concerned about "protecting wealth". That decision has clearly cost me gains. With that being said the good news about higher rates is savers are no longer being punished and there are other decent conservative options out there for those who don't like the fundamentals of the equity market. I am totally OK with a 5% ROI currently and I sleep better. At this point in time my biggest concern is the FED cutting rates and returning to a loose monetary policy that punishes savers and forces everyone looking for a fair return back into the equity market. This would be problematic for me getting good sleep at night.
I am not a gold bug. I have never invested in it. But with the geopolitical outlook being somewhat gloomy I could see the precious metal doing well in the decade to come. I have read that the demand for physical gold in China is quite high as people look for a safe haven during all of their market turmoil. Currently Gold is 2166.00 an ounce, we will see what happens in the months and years to come...
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Post by missouriboy on Mar 19, 2024 6:04:06 GMT
Will the sun fry the banks and the records? For whatever else it was ... the sun never vaporized the gold supply. Perhaps somewhere(s) in a deep, dark shaft(s) a digital record will remain. But the population will no longer be able to read it. Then, once again, castles will be bartered for gold, but mostly by the sword.
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Post by walnut on Mar 19, 2024 13:01:29 GMT
Bitcoin will probably keep trending up, but I think that it's just not for me. I like things with more intrinsic value than that. But I'm not that far off, Bitcoin has somewhat proven itself by now. As to the other coins such as XRP and Ethereum etc., as I have studied their function, their supply and worth and other aspects can apparently be "edited" by people in charge, so I am flatly not interested in those.
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