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babysdaddy

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Everything posted by babysdaddy

  1. I don't think anyone is calling you names. You just don't understand math. Fundamentally, the problem is spending. Corporate income tax revenue (and rates) to the US government by year https://fred.stlouisfed.org/series/FCTAX The numbers bounce all over the place and, until 2017, the taxable number had been 38%. It dropped to 21% and there was not a corresponding linear drop in revenues. Regardless of that, corporate tax income as a percentage of GDP was between 1.5% and just under 2% for the last 30+ years. Our spending for 2023 is expected to be $6T+ and we have a $2T deficit. Our nominal GDP is around $24T. The difference (if you used linear numbers which I already pointed out were incorrect) would be around $100B in additional revenue. The deficit would still be $1.9T due to spending. https://fred.stlouisfed.org/series/W006RC1A027NBEA Also, this chart looks like revenues are up. Play around on the St Louis Fed site. Might give you some actual numbers to educate your worldview.
  2. Why? We have multiple vaccines and treatments for Covid that are easily modifiable. And they are vaccines made by egregiously(?) profitable companies. This capital is misallocated.
  3. lol, lord grant me the confidence of a lawyer posting on a message board. Occasionally wrong but never in doubt.
  4. I've seen our government do some fucking stupid shit but this might take the cake. I don't even know what to say. What a goddamned waste of money https://www.hhs.gov/about/news/2023/08/22/funding-1-billion-vaccine-clinical-trials-326-million-new-monoclonal-antibody-100-million-explore-novel-vaccine-therapeuti-technologies.html
  5. uh, are you serious? asking for a friend
  6. echo the above. Talk to a local mineral rights/easement attorney. For reference, we have a family ranch around San Saba and were offered $5k for an easement. Found money, right? Hired an attorney and got a check for $75k after his cut.
  7. lower credit rating= higher expected long term rates= higher discount for cashflows in the future= negative impact to equities. Last time we had this we lost 25% in the Nasdaq and 17% in the S&P 500 in a week. But this rating downgrade is a fucking joke.
  8. Demand touching all time highs and largest inventory draw on record (17mm) and WTI down 2.5%.
  9. Bump. Moving and cutting the cord. Directv stream or yttv? Looks like no LHN with YTTV but, as someone mentioned, that goes away after this year. Fan of NFL access, specifically for the Saints, so that seems like YTTV is the way to go. Any other recs?
  10. Back on topic, pre election year and election years are always good for markets. And 100% of the time the market is up during first 6 months of year, rally continues for 2nd half. On the other hand, rates/earnings/math. Wtf
  11. Yeah, that is when everyone found out that, technically, 2 quarters of negative real gdp in row is not how we define a recession even though we'd been using that shorthand for the past umpteen years. It was odd that the everyone became pedantic about the definition right before midterms. Anywho, no recession yet and not one in sight. Earliest call would be sometime during q1 of 2024 and in an election year all incumbents running from house/senate/president will pull out the stops to avoid having one.
  12. Dude, I know you think it sucks. We all do.
  13. I love California and hope to move back there in the future. But when I lived there it was impossible to figure out where/how to raise kids. So for everyone saying Texas is only good if you're rich....I'd say the same about Cali.
  14. In my opinion, being good for business begets opportunity for our citizens which translates into improved quality of life......which brings more people here which brings more business. You know, exactly what has happened.
  15. I hope the you/the Post is right but lots of angst around what the consumer is going to look like later this year, early next. Maybe the most telegraphed recession in history will finally show up but not yet
  16. Well the overall survey is for top states for business and the AAS decided to focus on that metric which is subjective as fuck and political to make the home state look bad. Shocker.
  17. Texas is overall ranked 6th. For all the doom and gloom posted, we are number 1 corporate relocations. We have the most fortune 500 companies which gives ample opportunity for folks. We are the #1 wind energy producing state. We are the ninth-largest economy in the world according to Gross Domestic Product (GDP). That survey is ridiculous. Cost of living in their metrics carries a 2% weight, or 50 points. CNBC decided to weight Life Health and Inclusion at.....14% or 350 points. Guess they had an outcome they were looking for and it wasn't trying to figure out the best state for business. Because that is a no brainer.
  18. They're going to be more pissed when Michigan Texas is the game they pick in 2024.
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