southsider2k5 Posted September 29, 2015 Share Posted September 29, 2015 Miller and Bud are talking about a $100 billion merger. http://www.reuters.com/article/2015/09/29/...N0RT23620150929 Link to comment Share on other sites More sharing options...
bmags Posted September 29, 2015 Share Posted September 29, 2015 QUOTE (southsider2k5 @ Sep 29, 2015 -> 02:25 PM) Miller and Bud are talking about a $100 billion merger. http://www.reuters.com/article/2015/09/29/...N0RT23620150929 This would essentially make 1 macro right? Link to comment Share on other sites More sharing options...
southsider2k5 Posted October 23, 2015 Share Posted October 23, 2015 The market cap for Facebook is now larger than the market caps for Johnson and Johnson as well as Wells Fargo. Link to comment Share on other sites More sharing options...
Texsox Posted October 23, 2015 Share Posted October 23, 2015 QUOTE (southsider2k5 @ Oct 23, 2015 -> 01:00 PM) The market cap for Facebook is now larger than the market caps for Johnson and Johnson as well as Wells Fargo. That is crazy. At some point in time there will be a great short play. Link to comment Share on other sites More sharing options...
Cknolls Posted November 2, 2015 Share Posted November 2, 2015 (edited) LOL at all the ass clowns protesting in front of CBOT right now....Get a f***ing clue and get a f***ing life.... You want your pensions paid for....ooops there is no money left over to pay for all the welfare... Edited November 2, 2015 by Cknolls Link to comment Share on other sites More sharing options...
bigruss Posted November 2, 2015 Share Posted November 2, 2015 QUOTE (Cknolls @ Nov 2, 2015 -> 12:57 PM) LOL at all the ass clowns protesting in front of CBOT right now....Get a f***ing clue and get a f***ing life.... You want your pensions paid for....ooops there is no money left over to pay for all the welfare... I wouldn't call pensions welfare... Link to comment Share on other sites More sharing options...
Cknolls Posted November 2, 2015 Share Posted November 2, 2015 (edited) QUOTE (bigruss22 @ Nov 2, 2015 -> 02:00 PM) I wouldn't call pensions welfare... Don't think i did.....checking....yeah you misread my statement Edited November 2, 2015 by Cknolls Link to comment Share on other sites More sharing options...
Cknolls Posted November 2, 2015 Share Posted November 2, 2015 Why does Illinois not tax pensions? How much revenue are we forgoing? Link to comment Share on other sites More sharing options...
illinilaw08 Posted November 2, 2015 Share Posted November 2, 2015 QUOTE (Cknolls @ Nov 2, 2015 -> 01:29 PM) Why does Illinois not tax pensions? How much revenue are we forgoing? I'm pretty sure it's to incentivize retirees staying in state. Don't tax income, but pick up the property and consumption taxes. Note, I'm not opining on the policy to not tax pensions, but I'm pretty sure that's the rationale... Link to comment Share on other sites More sharing options...
Jerksticks Posted November 3, 2015 Share Posted November 3, 2015 Did socail security ever have a chance lol? I mean seriously. Ok so you work until your early 60s and then you get a free ride? I understand the increased prices of survival weren't likely foreseen or the rise in life-expectancy, but s***, ithe principal of it goes against the american dream of your right to grab whatever size of the pie you want. I know so many retiree-aged people who are just waiting out the years. I think the younger generation is seeing first hand how almost unlivable the SS wage is. Gotta grab more pie or die. Link to comment Share on other sites More sharing options...
StrangeSox Posted November 3, 2015 Share Posted November 3, 2015 Ss has lifted millions out of elderly poverty. It is by no means a lavish living, but many would be much, much worse off if it didn't exist. People in the 1930's were aware of both inflation and increasing life expectancy, though life expectancy at retirement hdon' increased as much as life expectancy at birth. I don't see how living past your sixties with some basic needs guaranteed goes against the "American dream" Link to comment Share on other sites More sharing options...
Jerksticks Posted November 3, 2015 Share Posted November 3, 2015 QUOTE (StrangeSox @ Nov 2, 2015 -> 09:25 PM) Ss has lifted millions out of elderly poverty. It is by no means a lavish living, but many would be much, much worse off if it didn't exist. People in the 1930's were aware of both inflation and increasing life expectancy, though life expectancy at retirement hdon' increased as much as life expectancy at birth. I don't see how living past your sixties with some basic needs guaranteed goes against the "American dream" Guarantee of happiness or pursuit of happiness? Don't get me wrong I think it's a great idea at heart but to say they were aware of the levels of inflation, increased life expectancy & massive population explosion is a bit ridiculous. NO. THEY. WEREN'T. It's created absolute laziness just as much as it's lifted millions out of elderly poverty. It is what it is. It eats itself. Which is gross. Nothing should eat itself. All I'm saying is I'll be damned if I grab one of those checks. Link to comment Share on other sites More sharing options...
StrangeSox Posted November 3, 2015 Share Posted November 3, 2015 (edited) I am 100%certain that people in the 1930's were aware of both inflation and life expectancy increases because they lived through both. Social Security was also modified in the 1980's to account for baby boomers. And damn all those lazy 70 year Olds, just sitting around and collecting their big government checks! They should get to work! Edited November 3, 2015 by StrangeSox Link to comment Share on other sites More sharing options...
bmags Posted November 3, 2015 Share Posted November 3, 2015 From 1977-2007 there was a 101% increase in employment for workers 65 and older. This same group was especially prone to getting cut in the recession afterward. Does not seem like the thing that would happen with a social institution that is promoting laziness. http://www.bls.gov/spotlight/2008/older_workers/ Link to comment Share on other sites More sharing options...
StrangeSox Posted November 3, 2015 Share Posted November 3, 2015 Something else to consider, by forcing older people to work longer, you're making sure they don't leave the workforce which makes it that much harder for younger workers to find jobs. Link to comment Share on other sites More sharing options...
bmags Posted November 6, 2015 Share Posted November 6, 2015 Good news is bad news. Heck of an employment report with a nice massive dip in the "part time worker looking for full time" work demo. This of course means stock market crashes with fear of rate hike. Link to comment Share on other sites More sharing options...
StrangeSox Posted November 6, 2015 Share Posted November 6, 2015 Stock market isn't really connected to the real economy these days. Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted November 6, 2015 Share Posted November 6, 2015 QUOTE (StrangeSox @ Nov 6, 2015 -> 10:20 AM) Stock market isn't really connected to the real economy these days. It is, but in a much more complex way. Link to comment Share on other sites More sharing options...
StrangeSox Posted November 6, 2015 Share Posted November 6, 2015 QUOTE (NorthSideSox72 @ Nov 6, 2015 -> 10:28 AM) It is, but in a much more complex way. To lean heavily on terrible cliches, it's not connected to the "mainstreet" economy these days. The stock market was doing fantastically well and corporations were making record profits for years while employment was still high, and even with employment rates greatly improved, wages are still pretty stagnant and wealth is even more unequal these days. A robust financial market doesn't necessarily translate into economic improvements for most people. Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted November 6, 2015 Share Posted November 6, 2015 QUOTE (StrangeSox @ Nov 6, 2015 -> 10:31 AM) To lean heavily on terrible cliches, it's not connected to the "mainstreet" economy these days. The stock market was doing fantastically well and corporations were making record profits for years while employment was still high, and even with employment rates greatly improved, wages are still pretty stagnant and wealth is even more unequal these days. A robust financial market doesn't necessarily translate into economic improvements for most people. Bolded is certainly true, yes. Just saying that the market as a whole is not fully disconnected from the economy, or anything close to that. In some senses, some of the movement is more trading for trading-caused, that is true too. Link to comment Share on other sites More sharing options...
StrangeSox Posted November 6, 2015 Share Posted November 6, 2015 (edited) counterpoint: QUOTE (southsider2k5 @ Oct 23, 2015 -> 12:00 PM) The market cap for Facebook is now larger than the market caps for Johnson and Johnson as well as Wells Fargo. (edit: this isn't a well thought out critique! more of a general observation) Edited November 6, 2015 by StrangeSox Link to comment Share on other sites More sharing options...
bmags Posted November 6, 2015 Share Posted November 6, 2015 The point isn't that the stock market is down and that is connected to wealth, its that any good news now is leading the fed to rate hikes, which will affect the economy and main street. Link to comment Share on other sites More sharing options...
StrangeSox Posted November 6, 2015 Share Posted November 6, 2015 yes, my point was tangential to that Link to comment Share on other sites More sharing options...
caulfield12 Posted November 6, 2015 Share Posted November 6, 2015 On the other hand, if we want to put more pressure on China to continuing to use their capital reserves to shore up weaknesses in the yuan, we're winning that policy confrontation. Of course, in the end, a much lower RMB leads to trade wars, matching or competing devaluations in SE Asia and the further dumping of cheap/subsidized products on the rest of the world (see Sinosteel vs. Tata in England) to meet impossible government GDP growth targets of 6.5-7% for the next five years. Good for Wal-Mart customers, bad in general for fair and equitable world trade. Link to comment Share on other sites More sharing options...
bmags Posted November 6, 2015 Share Posted November 6, 2015 Hence the TPP. Link to comment Share on other sites More sharing options...
Recommended Posts