Menu

  • The next US president: Wall Street's fear of the left

    From dw.com

    Broadcaster CNBC is not usually a place of great emotions. But at the end of last year Leon Cooperman could no longer keep his composure. It only took a few minutes before the billionaire hedge fund manager burst into tears in an interview. "I care!" the 76-year-old sobbed into the microphone. In the end he is mainly worried about his own bank account. For weeks, Cooperman has had a public feud with presidential candidate Elizabeth Warren. The investor is afraid that she may take power in the November presidential election. In mathematical terms, Cooperman is one of the 0.1%. The richest Americans, exactly the people ... (full story)

Quoting Davit
Hidden
Meanwhile Trump is running $1 trillion deficits.....we're all socialists now, buddy.
Quoting Davit
Hidden
In America.. the World Richest Country... in the 21st century.. 40 million of its citizens live in Poverty.
and over the last 30 years, wage inequality has increased with the overall level now approaching the extreme level that prevailed prior to the Great Depression.
I dont live in America. I know little about US domestic politics. I dont comment on US domestic issues..
But Im sure as heck interested as to why the richest country in the world with the world, with the biggest military spending in the world, and the most successful financial and economic system, cant manage it so that it can promote and combine simultaneously the country's wonderful free innovative entrepreneur soul AND look after its own.

..And why folk that think that it can and should, are automatically labeled Bolsheviks, Communists, Liberal Lefties.
This post is not market related. so sorry Twee. But it had to be said.
/EndOf.
Warning: A Dangerous Subversive: 1% of comments CoCed
  •  Guest
  • | IP XX.XX.202.252
Quoting smctrader
{quote} Meanwhile Trump is running $1 trillion deficits.....we're all socialists now, buddy.
Depends on your definition of socialism. Probably all forms of government have had some form of 'public assistance' spending since the beginning of time. I've even had low information idiots tell me that the sidewalks are socialism. haha
Quoting RossEdwards
{quote} In America......But Im sure as heck interested as to.......... AND look after its own.

You do make the presupposition that people ruling the world are interested in looking after people. When you look whats being done around the world, the sheer size of military spending, fact that many starve when there is no need, the lies upon lies from modern day bought-and-sold politicians etc, you should have realized by now they couldnt care less about the well being of the capite censi who are viewed as mere expendable commodities (at best). Your rulers would be pleased to cull 90% of the hoi poloi and I am sure they are in the process of seeing to it. If Bernie was to win he will be quickly visited by the men-in-black (as did Barak) and that will be the end of his socialism ideals, they will never see the light of day (doesnt mean he may not talk-the-talk for a while).
Quoting Vancarbon
{quote} Not for me to decide Davit You live in a democracy , so it'll be at the ballot box were the decision is made
Vancarbon,

As a USA resident what you wrote is not ENTIRELY true. The people do not elect the president of the USA (POTUS) it is the electoral college. This is actually a smart/shrewd move to give equal representation to the various parts of the USA. As we found out in 2016 someone (Hillary) can win the popular vote and lose the election.
...because you never know - until you do!
Quoting RossEdwards
{quote} In America.. the World Richest Country... in the 21st century.. 40 million of its citizens live in Poverty. and over the last 30 years, wage inequality has increased with the overall level now approaching the extreme level that prevailed prior to the Great Depression. I dont live in America. I know little about US domestic politics. I dont comment on US domestic issues.. But Im sure as heck interested as to why the richest country in the world with the world, with the biggest military spending in the world, and the most successful financial...
Ross, you bring forth GREAT points. As a USA resident I can tell you this, it is cultural/family values that have produced this.

While the USA constitution says that all are created equal (of which I agree) all are not given the same chances and opportunities. Some have it much harder than others but (and its a BIG BUT) all Americans are given the same chance and opportunity.

Unfortunately the political system in the USA has created an underclass of voters who solely vote for this party because they get promised "stuff"; child care credits, free phones, free food, subsidized rent, free healthcare, etc., In this corrupt system if the individuals receiving this decides to get a well paying career they lose all those benefits so there is no financial incentive for these people.

On the other hand the uber wealthy (top 2%) continually get taxed and hit up for funds that unlike the 19th and early 20th century these people are contributing less and less to their communities with buildings, schools, churchs, etc. Carniege, Flagler, Vanderbilt, Ford, etc., Yes we have Bill Gates but.....

In the USA we have a safety net that is designed for those individuals who cannot make it on their own; however, as a country we expect people to take care of themselves - it is NOT the job of the government to take care of me.

I'm trying to explain from my perspective - not saying its right or wrong but that is how I and my inner circle view the USA, whereas Sanders and Warren want the government to control you healthcare, jobs, money, etc.,
...because you never know - until you do!
Quoting RossEdwards
{quote} In America.. the World Richest Country... in the 21st century.. 40 million of its citizens live in Poverty. and over the last 30 years, wage inequality has increased with the overall level now approaching the extreme level that prevailed prior to the Great Depression. I dont live in America. I know little about US domestic politics. I dont comment on US domestic issues.. But Im sure as heck interested as to why the richest country in the world with the world, with the biggest military spending in the world, and the most successful financial...
I have lived throughout my country (USA), and have never seen POVERTY, like you mention. I have seen poverty in third world countries, but never in the USA. Would you please be more definitive (I.E. locations, examples, some specifics) in the future, because it appears you have an extreme leftist agenda, thank you.
Forever learning....
Quoting desertninja
{quote} You do make the presupposition that people ruling the world are interested in looking after people. When you look whats being done around the world, the sheer size of military spending, fact that many starve when there is no need, the lies upon lies from modern day bought-and-sold politicians etc, you should have realized by now they couldnt care less about the well being of the capite censi who are viewed as mere expendable commodities (at best). Your rulers would be pleased to cull 90% of the hoi poloi and I am sure they are in the process...
Im not so "green" as to think that societies and economic systems dont have their own momentum and that change comes quickly or without upsetting those invested in the status quo and the political henchmen theyve embedded in perpetuating the system. (hence your "Men in Black" reference). My disgust come for the complacency and even public support for the indecency of folk attempting to justify the status quo on the basis that its unfair to overtax billionaires. For me the great emblem of greed was out of Catch22.. "Whats good for Milo Minderbender, is Good for America". Thats the crap that upsets me.
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting hosemaster
{quote} I have lived throughout my country (USA), and have never seen POVERTY, like you mention. I have seen poverty in third world countries, but never in the USA. Would you please be more definitive (I.E. locations, examples, some specifics) in the future, because it appears you have an extreme leftist agenda, thank you.
Hosemaster, As someone who has lived in the East Coast, West Coast and now Southeast FL I can assure you that poverty exists in the USA. I can show you many rural areas here where the manufacturing has gone and the people have no way out (they DO but they feel trapped and hopeless). I comment about how they remind me of the Carribbean countries that I have seen. Nevertheless the poverty HERE in the USA is still well above the poverty that exists in 3rd world countries
...because you never know - until you do!
Irony Elizabeth Warren the phony Indian is on Top 1%
Will she gave up her wealth for working class? I dont think so!Democratic party is about regulations, unions (mafia of working class) and government hand outs.
You are not going to see investments,business expansions, jobs because people who create those things will be taxed to max and will likely cut back.My brother small business owner in LA is getting sick of getting taxed to point of drowning and CA already giving health care to illegals and queen of hand outs state!No wonder businesses are leaving CA for Texas and less taxed states.If CA is liberal lefty model its failing miserably.

California owes more than it owns. California's Taxpayer Burden is -$21,800, and it received an "F" from TIA. California is a Sinkhole State without enough assets to cover its debt. ... Because California doesn't have enough money to pay its bills, it has a $541 billion financial hole.

Lets not turn rest of the country into CA

Current stats live data CA https://www.usdebtclock.org/state-de...ebt-clock.html
4 million on food stumps 541Billion debt Debt GDP ratio 17%
In trading, you have to be defensive and aggressive at the same time
Quoting RossEdwards
{quote} My disgust come for the complacency and even public support for the indecency of folk attempting to justify the status quo on the basis that its unfair to overtax billionaires. For me the great emblem of greed was out of Catch22.. "Whats...
Fair vs unfair.
Can I share what just happened at lunch? I was in line at a store with 5 people deep. There were 2 lines waiting to checkout. A 3rd lane opened and the lady said, "Ill take the next person" - so I walked over and paid. A person in the line I left, who was 2 ahead of me said, "that's not fair, who do you think you are?"

"I replied she said next person, you could have walked over here but you didn't did you?" I paid and as I walked out I turned to her and said, "enjoy your wait"

Was that FAIR? Its called opportunity and I too it.
...because you never know - until you do!
Quoting smctrader
{quote} Meanwhile Trump is running $1 trillion deficits.....we're all socialists now, buddy.
Socialists government: Financial crisis, real state total disgrace, unemployment rate 5.5% - 9.5%
Trump Government: More businesses owners, economy and real state pumping, unemployment rate 3.5%.

All socialists are having a heart attack because of that. Their forever called "paradise on earth" have been proven all wrong.

Also, 99.99% of socialists and communists don't like to work hard but curiously they all want to be rich. Historically, this sort of mentality could never end up different of getting into corruption schemes, money laundering and every possible white collar crime ever committed.
Hey buddy, let's grab some Pips!
Quoting hosemaster
{quote} I have lived throughout my country (USA), and have never seen POVERTY, like you mention. I have seen poverty in third world countries, but never in the USA. Would you please be more definitive (I.E. locations, examples, some specifics) in the future, because it appears you have an extreme leftist agenda, thank you.
Youve never seen poverty in the USA?
Im to give you locations examples some specifics to justify the macro figures Ive quoted?
Ive got an extreme leftist agenda?

The last one the funniest.. Lets get back to trading.. and thank you.
/EndOf
Warning: A Dangerous Subversive: 1% of comments CoCed
We live just above poverty in the USA and do just fine
Quoting RossEdwards
{quote} In America.. the World Richest Country... in the 21st century.. 40 million of its citizens live in Poverty. and over the last 30 years, wage inequality has increased with the overall level now approaching the extreme level that prevailed prior to the Great Depression. I dont live in America. I know little about US domestic politics. I dont comment on US domestic issues.. But Im sure as heck interested as to why the richest country in the world with the world, with the biggest military spending in the world, and the most successful financial...




THANK YOU!!!!!!!!

The answer though is that the American spirit is a weak one. In order for us to feel important we have a need to look down on others. It has been the case since colonial times. We ostracized the American Indians, the Italians, the Irish, the Chinese, and of course the well known story of slavery. As time went on those people who could pass for not being a part of those groups changed their names, forbade the speaking of their languages, and made it so that they could no longer be readily identified. This created less classes, yet still the need persisted. Today it is unpopular to use these differences as stumbling blocks overtly, however the practice is one ingrained in our psyche. We can bail out farmers and automobile companies to the tune of billions, yet the thought of putting those same billions to use in the aid of the ostracized is considered folly. We are a nation of Us vs Them, and this is why we have the president we currently have. Because he understands this need, and feeds it. There is a sock company here in the US that had the grand idea of donating a pair for every pair bought. The problem with that is who wants to wear the same socks as a homeless guy? We need our socks to be special. Same reason those 30 dollar sneakers flopped. The equipment was perfect, but the stigma of wearing something that someone "less than" could also afford was off putting.
In short... If we created a society where all were truly equal, many would rebel. Much as they did in 2016. Animal Farm said it best. All animals are created equal here. Some animals more equal than others...
When you feel like you HAVE to trade is when you least should!
Quoting RossEdwards
{quote} In America.. the World Richest Country... in the 21st century.. 40 million of its citizens live in Poverty. and over the last 30 years, wage inequality has increased with the overall level now approaching the extreme level that prevailed prior to the Great Depression. I dont live in America. I know little about US domestic politics. I dont comment on US domestic issues.. But Im sure as heck interested as to why the richest country in the world with the world, with the biggest military spending in the world, and the most successful financial...

Interesting. Didn't know 40Mil in poverty in the US. Got me looking at other countries.

Canada = ~ 9%
UK = ~ 20%
Germany = ~ 16%
Japan = ~ 16%

Complacency in people is expected when they're struggling to constantly keep their head above water.

At the end of the day, the human condition predominantly works off the premise of power. When I think of Democrat/Republican...I just think of two piles of shit in two separate piles. They may be different piles, but shits shit regardless. Politics won't change anything, people can. But we're too busy scrolling through Netflix. Didn't you think the Irishman was a great movie?
Quoting desertninja
{quote} You do make the presupposition that people ruling the world are interested in looking after people. When you look whats being done around the world, the sheer size of military spending, fact that many starve when there is no need, the lies upon lies from modern day bought-and-sold politicians etc, you should have realized by now they couldnt care less about the well being of the capite censi who are viewed as mere expendable commodities (at best). Your rulers would be pleased to cull 90% of the hoi poloi and I am sure they are in the process...



((applause))
When you feel like you HAVE to trade is when you least should!
If next POTUS is leftist, that's a sign recession hasn't hit rock bottom yet.. I wouldn't be surprised if Sanders wins... but i'm pretty neutral on the matter. I don't even come from a real country... lol
Quoting hosemaster
{quote} I have lived throughout my country (USA), and have never seen POVERTY, like you mention. I have seen poverty in third world countries, but never in the USA. Would you please be more definitive (I.E. locations, examples, some specifics) in the future, because it appears you have an extreme leftist agenda, thank you.

Here is one for you... There are a few... Google is your friend..

https://www.theguardian.com/us-news/2017/nov/23/texas-town-without-running-water-sandbranch
When you feel like you HAVE to trade is when you least should!
Quoting RossEdwards
{quote} Youve never seen poverty in the USA? Im to give you locations examples some specifics to justify the macro figures Ive quoted? Ive got an extreme leftist agenda? The last one the funniest.. Lets get back to trading.. and thank you. /EndOf

Funny how that left word gets thrown around like an insult. The need to make another feel less than is strong.. I find it amusing when the insults come out because it shows a lack of logical argument, and is designed to invoke an emotional one.
When you feel like you HAVE to trade is when you least should!
Spains poverty is 21% while USA is 12% ,what's he talking about
#doyourownanalysisordietryin
Speaking as an outsider, it seems to me that former NYC Mayor Michael Bloomberg is a balanced choice for the Democrats. If Trump doesn't see him as a possible threat, he would not have bothered to ridicule him for, of all things, his height.
Amor Fati--F. Nietzsche
Quoting doji
Speaking as an outsider, it seems to me that former NYC Mayor Michael Bloomberg is a balanced choice for the Democrats. If Trump doesn't see him as a possible threat, he would not have bothered to ridicule him for, of all things, his height.
He has 1/10th of Trump's charisma and stage presence.
Quoting ClinicalEx
{quote} He has 1/10th of Trump's charisma and stage presence.
He has 1/10 of a LOT of things trump has. That makes him the better choice. Oh.. and 10x his money. The fact that two of the most qualified candidates have Jewish backgrounds however tells me neither will win. Middle America isn't going for a Jewish president. Or a gay one for that matter, and Warren's balls aren't big enough.
When you feel like you HAVE to trade is when you least should!
  • New Comment
  •  Guest
  • | IP XX.XX.14.81
Join FF
  • Story Stats
  • Posted: Feb 4, 2020 6:07am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 25  /  Views: 10,203