TinFoilHatPreacherBear said:

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J.R. said:

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Oldbear83 said:

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That's JR, says he doesn't brag then posts a long brag about himself.

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not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

I'm not narrow minded. I'm pretty objective. That's why when I say something, it's usually on point.

For example:
I just don't think you know much about economics.

As for you bragging, you've been bragging for two years because you think you don't get the respect you deserve. So you feel the need to constantly remind people of your success. We get it. And glad you're successful. But we all know successful people that are great in their lane,and less so outside of it. Perhaps that's where you fall.

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tinny, I've very comfortable in my skin unlike you and ur ilk.

Realitybites said:

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ATL Bear said:

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boognish_bear said:

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Walmart's net profit margins are 3%. Their EBITDA as a percentage of revenues is 6.5%. What a dumbass comment.

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There are a lot of ways to arrive at the Net Profit Margin you want to arrive at for a given year or quarter.

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That's why I included EBITDA as a percentage.

Rand Paul: "Tariffs are taxes & when you put a tax on a business it's always passed through as a cost, so there will be higher prices ... there's an economic fallacy here that trade deficits actually mean anything. They are an artificial accounting. The only trade that means… pic.twitter.com/U9NFYhVaHy

— Aaron Rupar (@atrupar) May 18, 2025

KaiBear said:

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J.R. said:

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Oldbear83 said:

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That's JR, says he doesn't brag then posts a long brag about himself.

---

not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

No brag just fact.

And there is nothing wrong with that.

---

Brag: say something in a boastful manner


Words have meaning. He definitely tries to brag for no reason other than people don't take him seriously much. Because most of his posts are off target. So yeah, definitely "brag". I don't care, mind you, because it's fun to make sport of braggers.

boognish_bear said:

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Rand Paul: "Tariffs are taxes & when you put a tax on a business it's always passed through as a cost, so there will be higher prices ... there's an economic fallacy here that trade deficits actually mean anything. They are an artificial accounting. The only trade that means… pic.twitter.com/U9NFYhVaHy

— Aaron Rupar (@atrupar) May 18, 2025

---

I like Rand, smart dude. But his last line is clearly false.

So sure, in hypothetical free markets where you have good actors and a libertarian utopia that relies on the fictional all-knowing corrective invisible hand.

But there are no true free markets. There is no all-knowing corrective invisible hand. Sure, there's an ineffective and manipulatable invisible hand that guides the markets, but not one that exists in our current market place that is efficient AND not being manipulated by bad actors. Individuals can be incentivized to act unknowingly against their own best long-term or even short-term interests because trade is complicated at country/global company levels. Additionally, you have actors within your own country that profit from selling out your communities to foreign nations by enacting laws that make it difficult for Americans to compete against lawless and standardless countries. The list is practically endless as to why the free market isn't free and isn't the end all be all in our current world.

Best option - let's keep tariffs and reduce/eliminate income taxes, best bet for our communities and people. The US is large enough to ensure free-market competition, internally and externally.

TinFoilHatPreacherBear said:

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KaiBear said:

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J.R. said:

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Oldbear83 said:

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That's JR, says he doesn't brag then posts a long brag about himself.

---

not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

No brag just fact.

And there is nothing wrong with that.

---

Brag: say something in a boastful manner


Words have meaning. He definitely tries to brag for no reason other than people don't take him seriously much. Because most of his posts are off target. So yeah, definitely "brag". I don't care, mind you, because it's fun to make sport of braggers.

---

I disagree

If one is truthful about their success / experiences / accomplishments IMO it's not bragging.

JR's comments don't bother me as am content with my own life and have long realized there is always someone smarter and / or more accomplished than myself.

KaiBear said:

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TinFoilHatPreacherBear said:

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KaiBear said:

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J.R. said:

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Oldbear83 said:

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That's JR, says he doesn't brag then posts a long brag about himself.

---

not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

No brag just fact.

And there is nothing wrong with that.

---

Brag: say something in a boastful manner


Words have meaning. He definitely tries to brag for no reason other than people don't take him seriously much. Because most of his posts are off target. So yeah, definitely "brag". I don't care, mind you, because it's fun to make sport of braggers.

---

I disagree

If one is truthful about their success / experiences / accomplishments IMO it's not bragging.

JR's comments don't bother me as am content with my own life and have long realized there is always someone smarter and / or more accomplished than myself.

---

I don't disagree much. But there is a difference between talking truthfully about success when appropriate. For most, taking every opportunity to talk about how successful and smart you think you are is viewed as bragging. Bragging doesn't mean lying, it can be truthful but is usually just unnecessary.

Success with humility is far more of a virtue imo.

Trump: Don't forget, we were losing $1 trillion to China. So we essentially went cold turkey with China for a period of a month. Therefore we weren't losing $1 trillion. I think that’s pretty simple pic.twitter.com/iizSPTIUVB

— unusual_whales (@unusual_whales) May 18, 2025

TinFoilHatPreacherBear said:

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boognish_bear said:

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Rand Paul: "Tariffs are taxes & when you put a tax on a business it's always passed through as a cost, so there will be higher prices ... there's an economic fallacy here that trade deficits actually mean anything. They are an artificial accounting. The only trade that means… pic.twitter.com/U9NFYhVaHy

— Aaron Rupar (@atrupar) May 18, 2025

---

I like Rand, smart dude. But his last line is clearly false.

So sure, in hypothetical free markets where you have good actors and a libertarian utopia that relies on the fictional all-knowing corrective invisible hand.

But there are no true free markets. There is no all-knowing corrective invisible hand. Sure, there's an ineffective and manipulatable invisible hand that guides the markets, but not one that exists in our current market place that is efficient AND not being manipulated by bad actors. Individuals can be incentivized to act unknowingly against their own best long-term or even short-term interests because trade is complicated at country/global company levels. Additionally, you have actors within your own country that profit from selling out your communities to foreign nations by enacting laws that make it difficult for Americans to compete against lawless and standardless countries. The list is practically endless as to why the free market isn't free and isn't the end all be all in our current world.

Best option - let's keep tariffs and reduce/eliminate income taxes, best bet for our communities and people. The US is large enough to ensure free-market competition, internally and externally.

---

in a true free market, there can be no long term trade deficit. Deficits will lower currency values which will make goods more competitive and move the trade account back toward balance. Same dynamic in reverse when surpluses occur....surpluses create excess demand for currency which will raise prices and make goods less price competitive.

That's the great irony of the globalism. Its adherent couch defense of it as though it is a free market, even though it the furthest thing from it. How do we know that? The enduring value of USD despite 50yrs of escalating trade deficits. Only sovereign power could accomplish that - a literal suspension of the laws of physics that would otherwise govern economic activity in a free market.

TinFoilHatPreacherBear said:

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J.R. said:

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Oldbear83 said:

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That's JR, says he doesn't brag then posts a long brag about himself.

---

not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

I'm not narrow minded. I'm pretty objective. That's why when I say something, it's usually on point.

For example:
I just don't think you know much about economics.

As for you bragging, you've been bragging for two years because you think you don't get the respect you deserve. So you feel the need to constantly remind people of your success. We get it. And glad you're successful. But we all know successful people that are great in their lane,and less so outside of it. Perhaps that's where you fall.

---

Mr. tinny. Instead of your condescending attitude and smoke screening to not answer the question, I will attempt too ask it more simply for you.
1) How many businesses have you started
2)How many businesses have you run? The top person where the risk and buck stops?

Thans in advance for the simple answers.

J.R. said:

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TinFoilHatPreacherBear said:

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J.R. said:

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Oldbear83 said:

---

That's JR, says he doesn't brag then posts a long brag about himself.

---

not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

I'm not narrow minded. I'm pretty objective. That's why when I say something, it's usually on point.

For example:
I just don't think you know much about economics.

As for you bragging, you've been bragging for two years because you think you don't get the respect you deserve. So you feel the need to constantly remind people of your success. We get it. And glad you're successful. But we all know successful people that are great in their lane,and less so outside of it. Perhaps that's where you fall.

---

Mr. tinny. Instead of your condescending attitude and smoke screening to not answer the question, I will attempt too ask it more simply for you.
1) How many businesses have you started
2)How many businesses have you run? The top person where the risk and buck stops?

Thans in advance for the simple answers.

---

My resume holds up. Even better, my discussion here holds up. And most of the time, I'm not even trying because others here do a better job educating people than I could.

You though, you embarrass your educational institutions nearly every time you respond.
No one would be surprised if you somehow started telling us how the Federal Reserve was authorized by the Magna Carta. You don't even appear to know the difference between finance and economics.

boognish_bear said:

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Remember when the Democrats and the media told us that Bidenflation was not real and blamed greedy grocery stores?

TinFoilHatPreacherBear said:

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J.R. said:

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TinFoilHatPreacherBear said:

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J.R. said:

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Oldbear83 said:

---

That's JR, says he doesn't brag then posts a long brag about himself.

---

not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

I'm not narrow minded. I'm pretty objective. That's why when I say something, it's usually on point.

For example:
I just don't think you know much about economics.

As for you bragging, you've been bragging for two years because you think you don't get the respect you deserve. So you feel the need to constantly remind people of your success. We get it. And glad you're successful. But we all know successful people that are great in their lane,and less so outside of it. Perhaps that's where you fall.

---

Mr. tinny. Instead of your condescending attitude and smoke screening to not answer the question, I will attempt too ask it more simply for you.
1) How many businesses have you started
2)How many businesses have you run? The top person where the risk and buck stops?

Thans in advance for the simple answers.

---

My resume holds up. Even better, my discussion here holds up. And most of the time, I'm not even trying because others here do a better job educating people than I could.

You though, you embarrass your educational institutions nearly every time you respond.
No one would be surprised if you somehow started telling us how the Federal Reserve was authorized by the Magna Carta. You don't even appear to know the difference between finance and economics.

---

Ok I take that as an unequivocal NO as to the answers to the questions I posed. You have not started or run a a business? That is ok, just don't come at me on business or economic issues till you have more real business experience. The "my resume holds up" is a non starter. Everyone thinks the same

whiterock said:

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Porteroso said:

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whiterock said:

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Porteroso said:

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whiterock said:

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FLBear5630 said:

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Fre3dombear said:

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Assassin said:

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RD2WINAGNBEAR86 said:

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Assassin said:

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boognish_bear said:

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Powell: If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment pic.twitter.com/C8x6t6VOlV

— unusual_whales (@unusual_whales) May 17, 2025

---

Powell has not been correct a lot. His nickname is "Mr Too Late"

---

Hey Donald........Donald Trump!!!!! Is that you?

Trump needs to leave Powell the Hell alone and let him do his job. Powell is one of the few players in Washington that is not intimidated by Trump. Trumps needs more of his circle to tell him what they think instead of what he wants to hear.

---

He is not good with the Fed at all. Powell's policies, like maintaining high interest rates, are harming the economy despite signs of improving inflation and a strong labor market. If he got with the program, it would drop inflation considerably

---

The $4T debt ceiling (hahahahaha) raise will be the problem.

Nobody can buy a house. Credit card rates are 32% for many / most. Debt is all times high and if youre not an investor or have a large 401k basically youre f'd.

Cant fix most of that without lowering rates but have to cut the stuoid wasteful / fraud dei global warming acid rain soending which wknt ever happen.

Only other optikn is jpow to force a recession. If you look at what he did to affect the 2018 mid term election, it is clear where his loyalties lie and its not very purely objective.

He triggered the worst december since 1934 but needed to break the R control of all 3 houses.

---

The cuts have to be real. Right now we are playing a game. DOGE is saving billion, but the proposed budget increases the debt.

---

overlooked fact: House rules require static calculations, meaning a budget projection cannot take into account the dynamic effect of law, positive or negative. Tax cuts are, by House rules, shown as lost revenue (even though we know that they tend to generate additional revenue which more than offsets the rate cut). This particular budget proposal has substantial tax cuts - no-tax on Social Security, no tax on tips, etc....plus an extension of the Trump tax rates (which were scheduled to lapse) So there is a lot of revenue presumed to absent which we know will in fact materialize.

---

While it is theoretically possible that reducing revenue from taxes can actually increase revenue, it does not normally happen that way. For example the first Trump tax cuts simply added to the deficit.

If allow these deals get done, and tariffs go away, it is likely that we will see great revenue from it, but not simply because we cut revenue from taxes.

---

It's not theoretically possible, revenues invariably do increase from marginal tax cuts. The reason the deficits climb is because Congress escalates spending faster than the revenues grow. That dynamic was well documented during the Reagan admin. Trump's deficits grew for the same reason, and of course when one changes the parameters of comparison to include his entire term, the Covid spending blows everything apart....revenues plunged spending soared, etc.....

---

Now I know you probably think economists are dirty liars, all Democrats, but most economists say the additional revenue does not normally replace the lost taxes. It's not much of a debate.

And as I said, the first Trump tax cuts did not pay for themselves. You present it as a certainty when it is a dream scenario.

---

Most economists are Democrats.

If you study the data, what you see is that revenues tend to track with economic growth. And tax cuts are stimulus for economic growth. Properly done, they usually do generate more revenue than lost. That is particularly true for the Trump tax cuts. Far quicker impact than the Reagan cuts. They definitely increased revenues. So what do the Democrats do to distract from that reality? They refuse to talk about revenues and instead talk about deficits, which are invariably driven by increased spending not reduced revenues.




Source link below. The graph at landing page is even more persuasive than the one I posted.....
https://ponasa.condesan-ecoandes.org/federal-revenue-by-year-chart/

---

Government spending though is also a stimulus. It results in additional revenue.

Simply put, the Trump tax cuts added to the deficit.

And besides this point, do you trust the federal government to actually have cut spending by the next fiscal year? A trillion in cuts was floated, but I've only seen evidence of about 150bn, plus an increased military budget.

So what is it about this time around that gets you thinking Congress has reigned in its spending habits?

Accidentally funny JR thinks he speaks for the majority here.

Fre3dombear said:

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whiterock said:

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Porteroso said:

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whiterock said:

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FLBear5630 said:

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Fre3dombear said:

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Assassin said:

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RD2WINAGNBEAR86 said:

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Assassin said:

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boognish_bear said:

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Powell: If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment pic.twitter.com/C8x6t6VOlV

— unusual_whales (@unusual_whales) May 17, 2025

---

Powell has not been correct a lot. His nickname is "Mr Too Late"

---

Hey Donald........Donald Trump!!!!! Is that you?

Trump needs to leave Powell the Hell alone and let him do his job. Powell is one of the few players in Washington that is not intimidated by Trump. Trumps needs more of his circle to tell him what they think instead of what he wants to hear.

---

He is not good with the Fed at all. Powell's policies, like maintaining high interest rates, are harming the economy despite signs of improving inflation and a strong labor market. If he got with the program, it would drop inflation considerably

---

The $4T debt ceiling (hahahahaha) raise will be the problem.

Nobody can buy a house. Credit card rates are 32% for many / most. Debt is all times high and if youre not an investor or have a large 401k basically youre f'd.

Cant fix most of that without lowering rates but have to cut the stuoid wasteful / fraud dei global warming acid rain soending which wknt ever happen.

Only other optikn is jpow to force a recession. If you look at what he did to affect the 2018 mid term election, it is clear where his loyalties lie and its not very purely objective.

He triggered the worst december since 1934 but needed to break the R control of all 3 houses.

---

The cuts have to be real. Right now we are playing a game. DOGE is saving billion, but the proposed budget increases the debt.

---

overlooked fact: House rules require static calculations, meaning a budget projection cannot take into account the dynamic effect of law, positive or negative. Tax cuts are, by House rules, shown as lost revenue (even though we know that they tend to generate additional revenue which more than offsets the rate cut). This particular budget proposal has substantial tax cuts - no-tax on Social Security, no tax on tips, etc....plus an extension of the Trump tax rates (which were scheduled to lapse) So there is a lot of revenue presumed to absent which we know will in fact materialize.

---

While it is theoretically possible that reducing revenue from taxes can actually increase revenue, it does not normally happen that way. For example the first Trump tax cuts simply added to the deficit.

If allow these deals get done, and tariffs go away, it is likely that we will see great revenue from it, but not simply because we cut revenue from taxes.

---

It's not theoretically possible, revenues invariably do increase from marginal tax cuts. The reason the deficits climb is because Congress escalates spending faster than the revenues grow. That dynamic was well documented during the Reagan admin. Trump's deficits grew for the same reason, and of course when one changes the parameters of comparison to include his entire term, the Covid spending blows everything apart....revenues plunged spending soared, etc.....

---

Yeo. Anyone that does that is very intellectually dishonest

---

That's very simplistic thinking. Any given financial planning must acknowledge the unknown. While it's not fair to count covid against revenue in the context of the tax cuts, just go back through history and look at all the disasters that happened after tax cuts. The fact is the deficit would not have grown so much during covid, had the tax cuts not happened.

It's totally fair to acknowledge that. Tax cuts are the same thing as slashing prices, taking home a lower pay check. Now you might, after a while, get more business because your prices are lower and more competitive, but something might happen to your business aside, that results in less business, plus you just slashed your prices. That's part of being in business, fibancial planning. And yes, government spending and taxes are quite similar.

J.R. said:

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TinFoilHatPreacherBear said:

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J.R. said:

---

TinFoilHatPreacherBear said:

---

J.R. said:

---

Oldbear83 said:

---

That's JR, says he doesn't brag then posts a long brag about himself.

---

not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

I'm not narrow minded. I'm pretty objective. That's why when I say something, it's usually on point.

For example:
I just don't think you know much about economics.

As for you bragging, you've been bragging for two years because you think you don't get the respect you deserve. So you feel the need to constantly remind people of your success. We get it. And glad you're successful. But we all know successful people that are great in their lane,and less so outside of it. Perhaps that's where you fall.

---

Mr. tinny. Instead of your condescending attitude and smoke screening to not answer the question, I will attempt too ask it more simply for you.
1) How many businesses have you started
2)How many businesses have you run? The top person where the risk and buck stops?

Thans in advance for the simple answers.

---

My resume holds up. Even better, my discussion here holds up. And most of the time, I'm not even trying because others here do a better job educating people than I could.

You though, you embarrass your educational institutions nearly every time you respond.
No one would be surprised if you somehow started telling us how the Federal Reserve was authorized by the Magna Carta. You don't even appear to know the difference between finance and economics.

---

Ok I take that as an unequivocal NO as to the answers to the questions I posed. You have not started or run a . That is ok, just don't come at me on business or economic issues till you have more real business experience. The "my resume holds up" is a non starter. Everyone thinks the same

---

False assumptions. Just because I don't play the name game, or look how successful I was or am, doesn't mean anything. It only means I find it low class.

As for your supposed knowledge. All you have is "concentration in Finace" lol and "I was successful, therefore I am the answer man."

Truth is this - Your answers are indicative of a person who doesn't understand economics. You rarely grasp simple concepts and you lack understanding of the Fed, basic stuff.
Clamoring about your success doesn't change that. Congrats you started a business, and you are good within your lane. Wow.

Porteroso said:

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Fre3dombear said:

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whiterock said:

---

Porteroso said:

---

whiterock said:

---

FLBear5630 said:

---

Fre3dombear said:

---

Assassin said:

---

RD2WINAGNBEAR86 said:

---

Assassin said:

---

boognish_bear said:

---

Powell: If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment pic.twitter.com/C8x6t6VOlV

— unusual_whales (@unusual_whales) May 17, 2025

---

Powell has not been correct a lot. His nickname is "Mr Too Late"

---

Hey Donald........Donald Trump!!!!! Is that you?

Trump needs to leave Powell the Hell alone and let him do his job. Powell is one of the few players in Washington that is not intimidated by Trump. Trumps needs more of his circle to tell him what they think instead of what he wants to hear.

---

He is not good with the Fed at all. Powell's policies, like maintaining high interest rates, are harming the economy despite signs of improving inflation and a strong labor market. If he got with the program, it would drop inflation considerably

---

The $4T debt ceiling (hahahahaha) raise will be the problem.

Nobody can buy a house. Credit card rates are 32% for many / most. Debt is all times high and if youre not an investor or have a large 401k basically youre f'd.

Cant fix most of that without lowering rates but have to cut the stuoid wasteful / fraud dei global warming acid rain soending which wknt ever happen.

Only other optikn is jpow to force a recession. If you look at what he did to affect the 2018 mid term election, it is clear where his loyalties lie and its not very purely objective.

He triggered the worst december since 1934 but needed to break the R control of all 3 houses.

---

The cuts have to be real. Right now we are playing a game. DOGE is saving billion, but the proposed budget increases the debt.

---

overlooked fact: House rules require static calculations, meaning a budget projection cannot take into account the dynamic effect of law, positive or negative. Tax cuts are, by House rules, shown as lost revenue (even though we know that they tend to generate additional revenue which more than offsets the rate cut). This particular budget proposal has substantial tax cuts - no-tax on Social Security, no tax on tips, etc....plus an extension of the Trump tax rates (which were scheduled to lapse) So there is a lot of revenue presumed to absent which we know will in fact materialize.

---

While it is theoretically possible that reducing revenue from taxes can actually increase revenue, it does not normally happen that way. For example the first Trump tax cuts simply added to the deficit.

If allow these deals get done, and tariffs go away, it is likely that we will see great revenue from it, but not simply because we cut revenue from taxes.

---

It's not theoretically possible, revenues invariably do increase from marginal tax cuts. The reason the deficits climb is because Congress escalates spending faster than the revenues grow. That dynamic was well documented during the Reagan admin. Trump's deficits grew for the same reason, and of course when one changes the parameters of comparison to include his entire term, the Covid spending blows everything apart....revenues plunged spending soared, etc.....

---

Yeo. Anyone that does that is very intellectually dishonest

---

That's very simplistic thinking. Any given financial planning must acknowledge the unknown. While it's not fair to count covid against revenue in the context of the tax cuts, just go back through history and look at all the disasters that happened after tax cuts. The fact is the deficit would not have grown so much during covid, had the tax cuts not happened.

It's totally fair to acknowledge that. Tax cuts are the same thing as slashing prices, taking home a lower pay check. Now you might, after a while, get more business because your prices are lower and more competitive, but something might happen to your business aside, that results in less business, plus you just slashed your prices. That's part of being in business, fibancial planning. And yes, government spending and taxes are quite similar.

---

Tax cuts led to lower take home pay? Maybe im misreading?

Thanks to Boognish on another thread for this gem:

BREAKING: Canada has effectively suspended most of its retaliatory tariffs on U.S. products.

— Leading Report (@LeadingReport) May 19, 2025

TinFoilHatPreacherBear said:

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J.R. said:

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TinFoilHatPreacherBear said:

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J.R. said:

---

TinFoilHatPreacherBear said:

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J.R. said:

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Oldbear83 said:

---

That's JR, says he doesn't brag then posts a long brag about himself.

---

not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

---

I'm not narrow minded. I'm pretty objective. That's why when I say something, it's usually on point.

For example:
I just don't think you know much about economics.

As for you bragging, you've been bragging for two years because you think you don't get the respect you deserve. So you feel the need to constantly remind people of your success. We get it. And glad you're successful. But we all know successful people that are great in their lane,and less so outside of it. Perhaps that's where you fall.

---

Mr. tinny. Instead of your condescending attitude and smoke screening to not answer the question, I will attempt too ask it more simply for you.
1) How many businesses have you started
2)How many businesses have you run? The top person where the risk and buck stops?

Thans in advance for the simple answers.

---

My resume holds up. Even better, my discussion here holds up. And most of the time, I'm not even trying because others here do a better job educating people than I could.

You though, you embarrass your educational institutions nearly every time you respond.
No one would be surprised if you somehow started telling us how the Federal Reserve was authorized by the Magna Carta. You don't even appear to know the difference between finance and economics.

---

Ok I take that as an unequivocal NO as to the answers to the questions I posed. You have not started or run a . That is ok, just don't come at me on business or economic issues till you have more real business experience. The "my resume holds up" is a non starter. Everyone thinks the same

---

False assumptions. Just because I don't play the name game, or look how successful I was or am, doesn't mean anything. It only means I find it low class.

As for your supposed knowledge. All you have is "concentration in Finace" lol and "I was successful, therefore I am the answer man."

Truth is this - Your answers are indicative of a person who doesn't understand economics. You rarely grasp simple concepts and you lack understanding of the Fed, basic stuff.
Clamoring about your success doesn't change that. Congrats you started a business, and you are good within your lane. Wow.

---

started and sold 2, started and running the 3rd one now. Ran factories all over the world. You? Hard to know much being a cube jockey, there tinny

J.R. said:

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TinFoilHatPreacherBear said:

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J.R. said:

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TinFoilHatPreacherBear said:

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J.R. said:

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TinFoilHatPreacherBear said:

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J.R. said:

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Oldbear83 said:

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That's JR, says he doesn't brag then posts a long brag about himself.

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not bragging bean counter, just letting young tinny I prolly had a little more real world experience than his narrow-minded arse.

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I'm not narrow minded. I'm pretty objective. That's why when I say something, it's usually on point.

For example:
I just don't think you know much about economics.

As for you bragging, you've been bragging for two years because you think you don't get the respect you deserve. So you feel the need to constantly remind people of your success. We get it. And glad you're successful. But we all know successful people that are great in their lane,and less so outside of it. Perhaps that's where you fall.

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Mr. tinny. Instead of your condescending attitude and smoke screening to not answer the question, I will attempt too ask it more simply for you.
1) How many businesses have you started
2)How many businesses have you run? The top person where the risk and buck stops?

Thans in advance for the simple answers.

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My resume holds up. Even better, my discussion here holds up. And most of the time, I'm not even trying because others here do a better job educating people than I could.

You though, you embarrass your educational institutions nearly every time you respond.
No one would be surprised if you somehow started telling us how the Federal Reserve was authorized by the Magna Carta. You don't even appear to know the difference between finance and economics.

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Ok I take that as an unequivocal NO as to the answers to the questions I posed. You have not started or run a . That is ok, just don't come at me on business or economic issues till you have more real business experience. The "my resume holds up" is a non starter. Everyone thinks the same

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False assumptions. Just because I don't play the name game, or look how successful I was or am, doesn't mean anything. It only means I find it low class.

As for your supposed knowledge. All you have is "concentration in Finace" lol and "I was successful, therefore I am the answer man."

Truth is this - Your answers are indicative of a person who doesn't understand economics. You rarely grasp simple concepts and you lack understanding of the Fed, basic stuff.
Clamoring about your success doesn't change that. Congrats you started a business, and you are good within your lane. Wow.

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started and sold 2, started and running the 3rd one now. Ran factories all over the world. You? Hard to know much being a cube jockey, there tinny

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Congrats on the success. It sure sounds like you are good in your lane. Just don't quit your day job to be an economist because you're not very good at it.

Porteroso said:

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whiterock said:

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Porteroso said:

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whiterock said:

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Porteroso said:

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whiterock said:

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FLBear5630 said:

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Fre3dombear said:

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Assassin said:

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RD2WINAGNBEAR86 said:

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Assassin said:

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boognish_bear said:

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Powell: If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment pic.twitter.com/C8x6t6VOlV

— unusual_whales (@unusual_whales) May 17, 2025

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Powell has not been correct a lot. His nickname is "Mr Too Late"

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Hey Donald........Donald Trump!!!!! Is that you?

Trump needs to leave Powell the Hell alone and let him do his job. Powell is one of the few players in Washington that is not intimidated by Trump. Trumps needs more of his circle to tell him what they think instead of what he wants to hear.

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He is not good with the Fed at all. Powell's policies, like maintaining high interest rates, are harming the economy despite signs of improving inflation and a strong labor market. If he got with the program, it would drop inflation considerably

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The $4T debt ceiling (hahahahaha) raise will be the problem.

Nobody can buy a house. Credit card rates are 32% for many / most. Debt is all times high and if youre not an investor or have a large 401k basically youre f'd.

Cant fix most of that without lowering rates but have to cut the stuoid wasteful / fraud dei global warming acid rain soending which wknt ever happen.

Only other optikn is jpow to force a recession. If you look at what he did to affect the 2018 mid term election, it is clear where his loyalties lie and its not very purely objective.

He triggered the worst december since 1934 but needed to break the R control of all 3 houses.

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The cuts have to be real. Right now we are playing a game. DOGE is saving billion, but the proposed budget increases the debt.

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overlooked fact: House rules require static calculations, meaning a budget projection cannot take into account the dynamic effect of law, positive or negative. Tax cuts are, by House rules, shown as lost revenue (even though we know that they tend to generate additional revenue which more than offsets the rate cut). This particular budget proposal has substantial tax cuts - no-tax on Social Security, no tax on tips, etc....plus an extension of the Trump tax rates (which were scheduled to lapse) So there is a lot of revenue presumed to absent which we know will in fact materialize.

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While it is theoretically possible that reducing revenue from taxes can actually increase revenue, it does not normally happen that way. For example the first Trump tax cuts simply added to the deficit.

If allow these deals get done, and tariffs go away, it is likely that we will see great revenue from it, but not simply because we cut revenue from taxes.

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It's not theoretically possible, revenues invariably do increase from marginal tax cuts. The reason the deficits climb is because Congress escalates spending faster than the revenues grow. That dynamic was well documented during the Reagan admin. Trump's deficits grew for the same reason, and of course when one changes the parameters of comparison to include his entire term, the Covid spending blows everything apart....revenues plunged spending soared, etc.....

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Now I know you probably think economists are dirty liars, all Democrats, but most economists say the additional revenue does not normally replace the lost taxes. It's not much of a debate.

And as I said, the first Trump tax cuts did not pay for themselves. You present it as a certainty when it is a dream scenario.

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Most economists are Democrats.

If you study the data, what you see is that revenues tend to track with economic growth. And tax cuts are stimulus for economic growth. Properly done, they usually do generate more revenue than lost. That is particularly true for the Trump tax cuts. Far quicker impact than the Reagan cuts. They definitely increased revenues. So what do the Democrats do to distract from that reality? They refuse to talk about revenues and instead talk about deficits, which are invariably driven by increased spending not reduced revenues.




Source link below. The graph at landing page is even more persuasive than the one I posted.....
https://ponasa.condesan-ecoandes.org/federal-revenue-by-year-chart/

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Government spending though is also a stimulus. It results in additional revenue.
Sigh. Government spending is government spending. By definition the dollars it spends cannot be stimulative, as they are taken from the private sector where they would have otherwise been spent anyway. Government spending is only stimulative when the rest of the economy is in recession. Holding government spending static, or even increasing it a bit can mitigate the severity/damage of a recession. Even deficit spending to accomplish that narrow objective is justifiable, but not indefinitely. At. Some. Point. the stimulus of deficit spending has to stop. You can hold on to the seat & push a little as your kid learns to ride a bike. But at some point you have to let go & let the kid ride on its own or all you're doing is holding him/her back.

Simply put, the Trump tax cuts added to the deficit.
LOL no. The data is irrefutable - they ADDED to revenue. Spending increases added to the deficit.

And besides this point, do you trust the federal government to actually have cut spending by the next fiscal year? A trillion in cuts was floated, but I've only seen evidence of about 150bn, plus an increased military budget.
The rate of growth will be cut, for sure. The $150b in savings is now up to $300b. That will grow as the Doge process works its way thru government. If it only gets to $500b, are you going to call it a failure (because it did not hit the $1T goal) or are you going to call it a success (because it saved $500b at the stroke of a pen)?

So what is it about this time around that gets you thinking Congress has reigned in its spending habits?
Congress will never reign in its spending habits for anything more than brief moments in time. We are in one of those times. That's why we ride hard & swing poleaxes at government spending while there is political will to do so. The moment will pass, likely in months, when that will no longer be possible.

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We cannot cut our way out of this problem. We are going to have to grow our way out of this problem. And the prospects for getting that growth are very, very encouraging.

BREAKING: President Trump’s tariffs have reportedly not impacted prices or consumer demand, per Amazon CEO Andy Jassy.

— Leading Report (@LeadingReport) May 22, 2025

boognish_bear said:

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BREAKING: President Trump’s tariffs have reportedly not impacted prices or consumer demand, per Amazon CEO Andy Jassy.

— Leading Report (@LeadingReport) May 22, 2025

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How can that be? CNN and the rest of the Main Stream Medica tell us that the sky is falling

Markets down again because of the idiocy of Trump tariffs.

Waco1947 said:

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Markets down again because of the idiocy of Trump tariffs.

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Markets are up on a 30 day and monthly basis. One day is meaningless and, unless you're selling, even the 30-60-90 trend doesn't matter.

Didn't matter when Biden was in office either.

Waco1947 said:

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Markets down again because of the idiocy of Trump tariffs.

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Very rarely do I agree with you about anything. Your post is truth.

If he sticks with his tariffs, we are going to see a world recession. The middle and lower classes will suffer the most. Just plain DUMB at this point.

Assassin said:

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boognish_bear said:

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BREAKING: President Trump’s tariffs have reportedly not impacted prices or consumer demand, per Amazon CEO Andy Jassy.

— Leading Report (@LeadingReport) May 22, 2025

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How can that be? CNN and the rest of the Main Stream Medica tell us that the sky is falling

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Too much money chasing too few goods. If the average consumer just rolls over and keeps paying Trump's tariff/ tax, inflation will most certainly go up. I am not paying $5,000 for an American made I-Phone. Not gonna happen.

boognish_bear said:

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wait. Trump said we are close to a deal. What? Trump lied again. He is turning us into a Nanner Republic! Awesomeness

Sneaker giant Nike is expected to raise prices and return to selling on Amazon after more than a five-year break. https://t.co/cbqixzyt7N

— ABC News (@ABC) May 23, 2025

Treasury Secretary Bessent: other countries' currencies rising, not US dollar falling

— unusual_whales (@unusual_whales) May 23, 2025

Waco1947 said:

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Markets down again because of the idiocy of Trump tariffs.

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I remember all your post about the big market dips when Biden slept in the white house.





Oh wait, no I don't.

Beef prices are hitting record highs, squeezing both shoppers and ranchers. U.S. cattle herds have dropped to their lowest level in 70 years, and with supply tight, prices are expected to keep climbing through 2025. pic.twitter.com/xreXTmGIrF

— CBS Evening News (@CBSEveningNews) May 22, 2025

Markets no longer take tariff threats at face value, per Vanguard

— unusual_whales (@unusual_whales) May 23, 2025