President-Elect Trump trades

[Blake Hampton]

2 minutes ago, cubsfan said:

 

That's just silly. Trump has made it clear that spending cuts are coming. Some will be in the form of RIFs. Major reductions will be in the form of elimination of useless/harmful regulations/departments.  There are 220 agencies that issue regulations that strangle business. The unelected bureaucrats are in trouble, though it will take time for the RIFs to take place - the gov unions will fight hard. Figure 18 months for the fight to end at the Supreme Court were we find if the head of the Executive Branch has the authority to run the branch as he sees fit. 

 

Pay and benefits for all federal employees amounts to only $384 billion total.

 

What's silly is that Trump has somehow brainwashed a quarter of Americans into thinking that he is anything but a foolish charlatan.

[Dinar]

24 minutes ago, Blake Hampton said:

a) In what world are taxes inflationary? I understand people would have less disposable income but I prefer this over printing money.
b) That was a crazy policy that would've been inflationary. Never said she was perfect, just better than Trump.

 

Government spending:

 

 

Trump has promised not to touch entitlements and I'm sure if pressed, he would issue the same response for defense. If you were to completely cut out all the discretionary non-defense spending, you would barely halve the current deficit. This isn't even touching on the absolute chaos that would certainly ensue from such policy.

 

So government spending isn't going anywhere, what about taxes? Well, Trump wants to cut them some more, as if his 2017 cuts didn't already throw this country far deeper in the hole.

 

Ever heard of tariffs?

In what world are taxes inflationary?  In a world where higher marginal tax rates reduce output.  As demonstrated by 30+ countries that have tried socialism.  In places were welfare & medicaid results in 100% marginal tax rates for those who work for $10 per hour.  

 

So now would you mind answering my questions?  Thank you.  

[Blake Hampton]

1 minute ago, Dinar said:

In what world are taxes inflationary?  In a world where higher marginal tax rates reduce output.  As demonstrated by 30+ countries that have tried socialism.  In places were welfare & medicaid results in 100% marginal tax rates for those who work for $10 per hour.  

 

So now would you mind answering my questions?  Thank you.  

 

Where's the data?

[Spooky]

6 hours ago, cubsfan said:

Thank God Americans voted to turn the page from 4 years of corruption & disaster.

 

I'm not an American but this is just too funny. You're living in an alternate reality.

[cubsfan]

2 minutes ago, Blake Hampton said:

 

Pay and benefits for all federal employees amounts to only $384 billion total.

 

What's silly is that Trump has somehow brainwashed a quarter of Americans into thinking that he is anything but a foolish charlatan.

 

Give up the resistance Blake. Your Maxist-Socialist BS is on the way out, along with the anti-American woke agenda that did so much damage to the country. Americans are tired of it.

 

There is over $1T in discretionary spending to comb through.

[Blake Hampton]

3 minutes ago, cubsfan said:

 

Give up the resistance Blake. Your Maxist-Socialist BS is on the way out, along with the anti-American woke agenda that did so much damage to the country. Americans are tired of it.

 

There is over $1T in discretionary spending to comb through.

You got me, I'm actually part of the deep state.

[cubsfan]

3 minutes ago, Spooky said:

 

I'm not an American but this is just too funny. You're living in an alternate reality.

 

Probably a good thing. If you think the last 4 years was a success, I'd hate to see your idea of failure.  The American election proved out the "reality" - the key issues ran 70% against the incumbent's record: economy, inflation, border, crime, foreign policy, divisive social issues (trans, woke, racism)

 

You can't point to a single accomplishment in favor of these losers.

[Blake Hampton]

6 minutes ago, cubsfan said:

 

Probably a good thing. If you think the last 4 years was a success, I'd hate to see your idea of failure.  The American election proved out the "reality" - the key issues ran 70% against the incumbent's record: economy, inflation, border, crime, foreign policy, divisive social issues (trans, woke, racism)

 

You can't point to a single accomplishment in favor of these losers.

I'm curious, how many hours a day do you watch Fox News?

[Spooky]

15 minutes ago, cubsfan said:

 

Probably a good thing. If you think the last 4 years was a success, I'd hate to see your idea of failure.  The American election proved out the "reality" - the key issues ran 70% against the incumbent's record: economy, inflation, border, crime, foreign policy, divisive social issues (trans, woke, racism)

 

You can't point to a single accomplishment in favor of these losers.

 

You're missing my point - you believe the prior administration is corrupt while appointing a corrupt grifter several orders of magnitude larger to the presidency. The reality is that your political system has been corrupted by money and lobbyists and is bought and paid for. Citizens United allowed unlimited money in politics. Members of the supreme court like Clarence Thomas are bought and paid for. There are dark money super pacs. Most media is for profit and essentially propaganda. Trump talks about draining the swamp but he will just enrich himself, his friends and family at the expense of the American people like he did in his first administration. Where are the wise people that will put their country over personal or party gain? I agree with Druckenmiller's view that Trump lacks the appropriate character to be president (he also was not supporting Kamala).

 

Bringing this back to investing, at a point in time the erosion of sensible and wise regulation will have a negative impact on the country and the stock market. We need a strong SEC to protect small investors etc. Washington's inability to help the common person is driving people to the extremes of the right and left. Just look at the popular support for Luigi Mangione arising out of an inability to fix a broken system.

[Dinar]

48 minutes ago, Blake Hampton said:

 

Where's the data?

What data?  In your opinion work does not depend on marginal tax rate?  For data, look up at GDP of West Germany vs East Germany prior to unification.  It is clear to me that you have done zero work on the subject.  Your blind hatred for Trump puts a blindfold over your eyes.  In that case, be honest and say: I have done zero work, but socialism and high marginal tax rates are better than capitalism, and we will ignore you.  

[Blake Hampton]

3 minutes ago, Dinar said:

What data?  In your opinion work does not depend on marginal tax rate?  For data, look up at GDP of West Germany vs East Germany prior to unification.  It is clear to me that you have done zero work on the subject.  Your blind hatred for Trump puts a blindfold over your eyes.  In that case, be honest and say: I have done zero work, but socialism and high marginal tax rates are better than capitalism, and we will ignore you.  

How are the GDPs of Western Germany and Eastern Germany relevant in this context whatsoever?

 

Our government has three options to fix the deficit, either cut spending, increase taxes, or do some of both. Trump has said he will not cut spending to any significant degree so there is only one option remaining.

 

Apparently wanting a balanced budget is socialism now.

[Blake Hampton]

I should offer a paid anger management course for all of Trump’s supporters, I would reap a windfall.

[TwoCitiesCapital]

8 hours ago, cubsfan said:

Still can't admit that the guy is a genius

 

 

Holy shit

8 hours ago, cubsfan said:

and the average American loves him now.

 

Agreed. But the average American is also dumb as a sack of bricks. 

 

8 hours ago, cubsfan said:

 

You have to be a genius to survive as the biggest thing in NY real estate - working with unions, crooked government, etc.

 

Trump's best business idea was pretending he was good at business and using that pretense to sell books and a television show. He was never actually particularly good or successful at real estate. He was great at pretending he was. 

 

8 hours ago, cubsfan said:

 Most high profile & successful President 

...

 

So you're going on record that a half built wall that pillaged other agencies  and still resulted in a "border crisis" as success? Or the highest peace time deficits and exploding debt? Or a global pandemic that killed more Americans daily than WW2? Super successful. 

 

3 hours ago, Blake Hampton said:

Everytime that I would see someone interviewing Trump's supporters, their biggest concern was almost always inflation and the current price level.

 

Trump's policies were almost certain to be more inflationary than the ones proposed by Harris, but they all still voted for him anyway. People need to learn that Facebook and TikTok aren't good news sources.

 

They also believed him when he said he would get rid of the deficit - only for it to explode. And they believed him when he said Mexico would pay for the wall - even though they never did. And believed him when he said the election was stolen - even though there has never been a single shred of evidence in Republican led investigations to support that. 

 

And now they believe the next 4-years will be different and that China will pay the tariffs.

You can't fix stupid. 

 

1 hour ago, cubsfan said:

 

That's just silly. Trump has made it clear that spending cuts are coming.

 

 

Trump also made it clear a border wall would solve our border problems and that lowering corporate taxes would solve our deficits....

 

We're still waiting. 

 

1 hour ago, cubsfan said:

 

 

[Spekulatius]

I checked Fred charts of Fedral employment and it looks like a straight line to me, except a COVID-19 that quickly reversed. You could tell when one presidency started and another concluded just looking st this chart.

I have no doubt that Trump is going to eliminate some regulation but I doubt he is really going to touch core functions that much.

 

Trump talks a big game but what he does is often totally different and improvised anyways, so who knows what it’s going happen.

 

By the way bureaucrats are never elected, they are appointed. Nothing nefarious about either, it has always been that ways and won’t change under Biden, Trump of whoever comes next. Or does Trump allow us to elect the directors FBI, IRS, NASA? I don’t think so.

 

Since this is about Trump trades @cubsfan what is your Trump trade?

[cubsfan]

45 minutes ago, Spooky said:

 

You're missing my point - you believe the prior administration is corrupt while appointing a corrupt grifter several orders of magnitude larger to the presidency. The reality is that your political system has been corrupted by money and lobbyists and is bought and paid for. Citizens United allowed unlimited money in politics. Members of the supreme court like Clarence Thomas are bought and paid for. There are dark money super pacs. Most media is for profit and essentially propaganda. Trump talks about draining the swamp but he will just enrich himself, his friends and family at the expense of the American people like he did in his first administration. Where are the wise people that will put their country over personal or party gain? I agree with Druckenmiller's view that Trump lacks the appropriate character to be president (he also was not supporting Kamala).

 

Bringing this back to investing, at a point in time the erosion of sensible and wise regulation will have a negative impact on the country and the stock market. We need a strong SEC to protect small investors etc. Washington's inability to help the common person is driving people to the extremes of the right and left. Just look at the popular support for Luigi Mangione arising out of an inability to fix a broken system.

 

You're right - I'm definitely missing your point. This country definitely has lots of problems, many of them introduced by the last administration, which was Obama's 3rd term (phoning it in).  He's a Socialist - and this election was a full fledged rejection of socialism. We'll get it back on track.

 

You would hate living here.

 

[cubsfan]

13 minutes ago, TwoCitiesCapital said:

 

Holy shit

 

Agreed. But the average American is also dumb as a sack of bricks. 

 

 

Trump's best business idea was pretending he was good at business and using that pretense to sell books and a television show. He was never actually particularly good or successful at real estate. He was great at pretending he was. 

 

...

 

So you're going on record that a half built wall that pillaged other agencies  and still resulted in a "border crisis" as success? Or the highest peace time deficits and exploding debt? Or a global pandemic that killed more Americans daily than WW2? Super successful. 

 

 

They also believed him when he said he would get rid of the deficit - only for it to explode. And they believed him when he said Mexico would pay for the wall - even though they never did. And believed him when he said the election was stolen - even though there has never been a single shred of evidence in Republican led investigations to support that. 

 

And now they believe the next 4-years will be different and that China will pay the tariffs.

You can't fix stupid. 

 

 

Trump also made it clear a border wall would solve our border problems and that lowering corporate taxes would solve our deficits....

 

We're still waiting. 

 

 

 

@TwoCitiesCapital  Great diatribe!!  Spoken like a true global elitist!

 

OF COURSE the average American is as dumb as a sack of bricks! We know YOU know better.

 

You would have done GREAT in the Obama administration - the distain for the working class was never more on display.  Congrats.

[cubsfan]

39 minutes ago, Blake Hampton said:

I should offer a paid anger management course for all of Trump’s supporters, I would reap a windfall.

 

@Blake Hampton  Seriously Blake, if you can't tell, the Trump supporters are ecstatic these days. But don't you forget to take your Prozac tonight.

[Dinar]

46 minutes ago, Blake Hampton said:

How are the GDPs of Western Germany and Eastern Germany relevant in this context whatsoever?

 

Our government has three options to fix the deficit, either cut spending, increase taxes, or do some of both. Trump has said he will not cut spending to any significant degree so there is only one option remaining.

 

Apparently wanting a balanced budget is socialism now.

You make accusations, when challenged you change the subject.  You claimed that Trump's proposals are more inflationary than Harris's.  I asked for proof.  You provided none.  

[TwoCitiesCapital]

16 minutes ago, cubsfan said:

 

@TwoCitiesCapital  Great diatribe!!  Spoken like a true global elitist!

 

OF COURSE the average American is as dumb as a sack of bricks! We know YOU know better.

 

You would have done GREAT in the Obama administration - the distain for the working class was never more on display.  Congrats.

 

I don't disdain the working class. I disdain the intellectually lazy. They're found across all social stratum but overrepresented in Trump supporters

 

I'd prefer things be run by people who know what they're doing rather than people who believe the earth is flat, that Democrats control the weather, and that Trump is innocent

Edited December 16 by TwoCitiesCapital

[cubsfan]

5 minutes ago, Dinar said:

You make accusations, when challenged you change the subject.  You claimed that Trump's proposals are more inflationary than Harris's.  I asked for proof.  You provided none.   

 

Of course, what @Blake Hampton avoided was the real option #3 - grow the economy, unleash business confidence and animal spirits.  When you restructure the regulatory environment and reinstate energy independence and bring back jobs to America - you're not throwing in the towel on the country, like the loser socialist Biden.

 

Trump has promised big cuts - up to $2T out of $7T expenditure. Aggressive goals and promises are great, since there DC politicians have no stomach for cuts - ever.  Why in the world is shooting for a balanced budget a bad thing? It might take his whole 4 years - but they should be goals.

[TwoCitiesCapital]

11 minutes ago, cubsfan said:

 

Of course, what @Blake Hampton avoided was the real option #3 - grow the economy, unleash business confidence and animal spirits.  When you restructure the regulatory environment and reinstate energy independence and bring back jobs to America - you're not throwing in the towel on the country, like the loser socialist Biden.

 

Trump has promised big cuts - up to $2T out of $7T expenditure. Aggressive goals and promises are great, since there DC politicians have no stomach for cuts - ever.  Why in the world is shooting for a balanced budget a bad thing? It might take his whole 4 years - but they should be goals.

What are animal spirits? Where are we keeping them that Trump can unleash them?

Why do we believe he'll eliminate $2T in spending this presidency when he added $3T between his first and last year last presidency? 

 

Why are we still discussing that "loser socialist Biden". He wasn't the candidate that Trump ran against? 

[Gregmal]

At this point, who cares what the complainers and losers have to say? During term 1, they claimed he was mentally unfit for office. They then put in a guy with dementia. They called his kids pieces of shit, and then wanted us to ignore Hunter Biden. They gaslit us as criminals destroyed property, businesses and endlessly rioted. Only to then make a huge deal of the same thing happening a little too close for comfort for the shitbags in DC. They said he was a threat to democracy, and then gave us a candidate who was never elected democratically. They told us about wars that were supposedly going to happen because of Trump, and then gave us a new one every year under the Big Guy.
 

So really, who TF cares what these people have to say or what they think now?

Edited December 16 by Gregmal

[cubsfan]

@TwoCitiesCapital Last I checked, Biden was still President, or pretending to be.

 

You might have to wait until Jan 20th - but so far, the cabinet is looking pretty solid.

You can tell by how much the deep state hates all his picks - they know big changes are coming.

[TwoCitiesCapital]

1 minute ago, cubsfan said:

@TwoCitiesCapital Last I checked, Biden was still President, or pretending to be.

 

You might have to wait until Jan 20th - but so far, the cabinet is looking pretty solid.

You can tell by how much the deep state hates all his picks - they know big changes are coming.

 

Just like last time, right?!?!

 

The level of delusion is off the charts 

 

Time will tell

[cubsfan]

2 minutes ago, TwoCitiesCapital said:

Time will tell

 

No doubt about it. Looks like it will be Trump's government (Executive, Senate, House, SCOTUS).

 

No excuses. He likely gets all the credit or deserves all the blame. He definitely has his work cut out for him - the deficit is deep - and the bureaucrats will fight him every step of the way, in addition to the Commies like Newsome, Pritzker and Pelosi.

 

But keep up the resistance, at least the country is behind him.