Current events discussion

[Eggs 5,000+ posts]

Sad. How long did they hide this?View attachment 65552

 

[ThxOne Premium Member]

You're totally disregarding the point that the orange idiot directly caused a major and very expensive drop in the the markets, costing TRILLIONS of dollars.

No, I am not disregarding anything. I am just not blaming Trump. Trump does not control the stock market just like Biden didn't set gas prices. I know the left wants to blame someone for everything and not accept their own screw ups. The stock markets are not guaranteed money for investors.

Your lack of investments does not mean that the markets and their values are not "real". People pay REAL money to buy stocks, and they lose REAL money when those stocks drop in value.

People pay real money for POTENTIAL gains. Not guranteed gains. There are other investments for that. The Markets are appealing for their POTENTIAL larger gains. You lose what you invest not what you never had. I never dated Barbara Palvin so I never lost her when she never dated me to break up with me.

To give you a perspective you might understand: You buy a house for $75K to fix up and flip. You contract it to sell for $125K, closing once the work is done.
You do the work for $25K.
Someone gets pissed at you and burns the house down. The insurance only covers your purchase price.
But it's all good because the profit you would have made wasn't real yet, and the $25k was simply a risk you took.
Right?

I am going to ignore this paragraph because your lead in was to assume I don't understand things.

 

[Jimi77 Premium Member]

Gotcha. It's a huge opportunity. But for some reason no one seems to be taking the opportunity. In fact, pretty much every corporation ever has moved AWAY from that opportunity over time. Why?

I'm not sure where "honesty" and "business profit" are intertwined, but let me ask this question: How realistic do you think it is to ask someone to start a business so that they can make enough money to cover costs, put food on the table, a roof over their heads, and that's it? Just an "honest days work".

At one point I suggested that in order for the right to get what they want, people like Musk, Bezos, etc, would have to be required to cap their income. Maybe at a level that is more than enough for multiple lifetimes. Basically, your idea of an "honest person selling a good at a fair price".
I was vilified for even suggesting it.

Yet here you are, suggesting pretty much the same thing.

And here is a tangent: The US is "upset" that China sells us goods for cheaper than other countries do, and cheaper than we can make it ourselves.
Does the US get "upset" when WE sell goods to other countries for cheaper than they can make them, or cheaper than they could get them elsewhere? What about goods that we have and no one else does?
66% of Coca Cola sales are international. That seems terribly unfair. Why don't they release the recipe to other countries, so they can make their own, instead of having to buy from Coke?

Are we basically upset that we are not the absolute king of the hill in the economy of the world?
NO ONE should outdo us, EVER?

I've dealt with a lot of small business owners who didn't feel the need to take over the world. I'm all for "hitting" the Bezos, Musks, etc of the world. I'd probably tax cap gains rather than cap income, but whatever works. I'd bust up monopolies too (ie google, Amazon).

I'm not upset that another country is doing something cheaper. I am upset that there are tons of products like this pump that are designed to break and end up in a landfill because that makes the most economic sense for a small handful of people. I am upset that we outsourced so much of our economy that we basically funded the creation of the 2nd biggest economy in the world and have unquestionably come out on the short end of that deal.

 

[Old_Slapper]

1. Unless he give us the professor's name, there is no reason to trust any answer. He still won't provide the names of the "three" doctors who told him bones do not have nerves in them. He wants us to trust his claim.
Nope.
2. Two wires touching each other are not "bridged", no matter how many times your or Thxone claim they are. "Bridging" two wires requires a third wire/conductive material that is connected to the first two, while the first two remain physically separated.
Connected/not-connected wires:
View attachment 65439
Connected/not connected wires:
View attachment 65440
Connected wires:
View attachment 65441

Bridged speaker terminals
View attachment 65442

Bridged wires:
View attachment 65443

Bridged wires:
View attachment 65444

Tell us if you can see the common denominator between the pictures of CONNECTED wires, and the common denominator between BRIDGED wires or connections.

I'll give a you a helping hint. The word "bridge" is used to describe the second set of pictures for a very specific reason:
A bridge circuit is a topology of electrical circuitry in which two circuit branches (usually in parallel with each other) are bridged by a third branch .

Now, can you tell me what part of each of the six pictures might be the "bridge"?

Connecting two wires together is not a bridge, but that is not what the argument is about. We are talking about two separate speakers outputs being bridged inside the amp. Those two speaker outputs come together at one point, and the device used to connect those wires is called the bridge. However, you already know that was the main argument but are now changing your definition, so you sound like your correct. But, we all know the truth.

 

[Jimi77 Premium Member]

You're totally disregarding the point that the orange idiot directly caused a major and very expensive drop in the the markets, costing TRILLIONS of dollars.

Your lack of investments does not mean that the markets and their values are not "real". People pay REAL money to buy stocks, and they lose REAL money when those stocks drop in value.

To give you a perspective you might understand: You buy a house for $75K to fix up and flip. You contract it to sell for $125K, closing once the work is done.
You do the work for $25K.
Someone gets pissed at you and burns the house down. The insurance only covers your purchase price.
But it's all good because the profit you would have made wasn't real yet, and the $25k was simply a risk you took.
Right?

The only problem is that analogy only works for the very small % people who sold everything on ~April 8th. You need a better analogy.

 

[Jimi77 Premium Member]

I didn't lose anything. Who lost these "trillions" of dollars because it sure sounds excessive to me.

Neither did I. I know a few people who took a hit from the "tariff dip," but they're all day traders. Regular folks with regular old IRA's and investment accounts have recovered all the loses. Unrealized gains/unrealized losses.

 

[RobGMN Premium Member]

The only problem is that analogy only works for the very small % people who sold everything on ~April 8th. You need a better analogy.

So it doesn't matter if it's a "very small percentage" losing TRILLIONS of dollars?

This an American Funds mutual. It is a $40 billion fund. It has about 1,000,000 people with money invested.
It dropped $6 in one day, meaning $4 Billion lost across those 1,000,000 people in one day. $4,000 per investor.

And that's' only ONE mutual fund.
In 2024, they estimate around 121 million people in the US were invested in mutuals. I'd say the list of how many mutuals had NO price drop from Trump's idiocy is miniscule to nonexistent.
That means 121 MILLION people lost very real money that day.

Do you consider 121 MILLION people to be a "very small %" of our population to lose money?

 

[RobGMN Premium Member]

...

 

[Jimi77 Premium Member]

So it doesn't matter if it's a "very small percentage" losing TRILLIONS of dollars?

This an American Funds mutual. It is a $40 billion fund. It has about 1,000,000 people with money invested.
It dropped $6 in one day, meaning $4 Billion lost across those 1,000,000 people in one day. $4,000 per investor.

And that's' only ONE mutual fund.
In 2024, they estimate around 121 million people in the US were invested in mutuals. I'd say the list of how many mutuals had NO price drop from Trump's idiocy is miniscule to nonexistent.
That means 121 MILLION people lost very real money that day.

Do you consider 121 MILLION people to be a "very small %" of our population to lose money?

Unless they liquidated the account, they have their money back. Like I said if they use the type of money manager like the the one you suggest then they would have liquidated on his advice and taken a loss. Are you claiming a bunch of American's dumped their mutual funds after the market tanked? Maybe they should take a long look at their money managers.

Why do you so desperately want Americans to have suffered?

 

[RobGMN Premium Member]

No, I am not disregarding anything. I am just not blaming Trump. Trump does not control the stock market just like Biden didn't set gas prices. I know the left wants to blame someone for everything and not accept their own screw ups. The stock markets are not guaranteed money for investors.

A contrary opinion to every finance and economics expert in the WORLD.

People pay real money for POTENTIAL gains. Not guranteed gains. There are other investments for that. The Markets are appealing for their POTENTIAL larger gains. You lose what you invest not what you never had. I never dated Barbara Palvin so I never lost her when she never dated me to break up with me.

Yes, you lose what you invest. When you buy a stock at $100 and you sell it for $90 to avoid selling it for $80 or $70 on its way to zero, you have lost money.
When you own a mutual fund that does the same thing on your behalf, you have lost money.

This simple math is how the markets have worked since they came into existence. i

I am going to ignore this paragraph because your lead in was to assume I don't understand things.

You said that money "never really existed", which indicates you don't understand at least the fundamental aspect of stocks costing real money. A company does not give you a share stock in exchange for play Monopoly money. You have to fork over genuine currency to get it.

When 150 million people fork over $30 Trillion dollars for stocks that then get sold for $27 Trillion dollars, those 150 million people have lost a very real $3 Trillion dollars.
It's the exact same math as if you bought a baseball card for $5, and ended up selling it for $3. You paid a very real $5. You sold it for a very real $3. You lost a very real $2.

 

[Jimi77 Premium Member]

You lose what you invest not what you never had. I never dated Barbara Palvin so I never lost her when she never dated me to break up with me.

LOL - I'm pissed that Jennifer Aniston broke up with me in the 90s, Halle Berry broke my heart in the 2000s and Taylor Swift is my last heart break. Sounds pretty delusional, yet some people would have me crying the blues over a financial loss that not only never happened, but a loss that has since been erased. TDS is a real thing.

 

[RobGMN Premium Member]

Unless they liquidated the account, they have their money back. Like I said if they use the type of money manager like the the one you suggest then they would have liquidated on his advice and taken a loss. Are you claiming a bunch of American's dumped their mutual funds after the market tanked? Maybe they should take a long look at their money managers.

Why do you so desperately want Americans to have suffered?

Liquidation is HOW the price drops. Stocks are not priced like goods on the shelf at the store.
No CEO wakes up and says "Today we will drop the market price of our stock by 10%".

This will be the third time I've said this, so I'll pose it as a question: You buy the ONE share a company has. They sell it to you for $100. The market price of that share is now $100.

You now need cash, and offer to sell it for $75. If it sells for the $75: Did you make money? Did you lose money? Did the market price move? If so, can you explain why?

I don't WANT them to have suffered, which is why I didn't vote for Demented Donnie.
But the reality is that Americans DID suffer financially, to the tune of $3 TRILLION. That's about $8,645.00 PER PERSON for everyone in the US. Of course, there are foreign investors, so that number will be smaller. But even foreign investors losing money hurts the US, for a multitude of reasons that I hope I shouldn't have to explain here.

 

[Jimi77 Premium Member]

Liquidation is HOW the price drops. Stocks are not priced like goods on the shelf at the store.
No CEO wakes up and says "Today we will drop the market price of our stock by 10%".

This will be the third time I've said this, so I'll pose it as a question: You buy the ONE share a company has. They sell it to you for $100. The market price of that share is now $100.

You now need cash, and offer to sell it for $75. If it sells for the $75: Did you make money? Did you lose money? Did the market price move? If so, can you explain why?

I don't WANT them to have suffered, which is why I didn't vote for Demented Donnie.
But the reality is that Americans DID suffer financially, to the tune of $3 TRILLION. That's about $8,645.00 PER PERSON for everyone in the US. Of course, there are foreign investors, so that number will be smaller. But even foreign investors losing money hurts the US, for a multitude of reasons that I hope I shouldn't have to explain here.

Why are you so determined to make it look like American's suffered something the didn't actually suffer? Assuming you really believe that were made to suffer why do refuse to acknowledge that their loses were erased? You're a strange cat. This Trump thing has really scrambled your mind.

 

[RobGMN Premium Member]

The mental decline of this guy is rapid and scary.
Bruce getting paid to perform is a "campaign violation"?
What office was Bruce running for?

I think the "major investigation" should be into whether he is fit to be in office. He's not.
25-8-6-4-7 = 0

 

[ThxOne Premium Member]

A contrary opinion to every finance and economics expert in the WORLD.


Yes, you lose what you invest. When you buy a stock at $100 and you sell it for $90 to avoid selling it for $80 or $70 on its way to zero, you have lost money.
When you own a mutual fund that does the same thing on your behalf, you have lost money.

This simple math is how the markets have worked since they came into existence. i


You said that money "never really existed", which indicates you don't understand at least the fundamental aspect of stocks costing real money. A company does not give you a share stock in exchange for play Monopoly money. You have to fork over genuine currency to get it.

When 150 million people fork over $30 Trillion dollars for stocks that then get sold for $27 Trillion dollars, those 150 million people have lost a very real $3 Trillion dollars.
It's the exact same math as if you bought a baseball card for $5, and ended up selling it for $3. You paid a very real $5. You sold it for a very real $3. You lost a very real $2.

Stop. I understand more than you claim. You and all the people complaining about lost money in the market. I understand about being upset at losing the actual money invest. However there is no reason to be mad about losing money you never made (interest). That is my point.