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  #6801  
Old 01-15-2018, 03:09 PM
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Originally Posted by SGaynor View Post
No, I'm just not naive enough to think that your company deciding to give you a one-time $1k bonus, presumably due to the tax cut, is cause for great celebration and that it means that America is back on the path to prosperity (as if it ever left it).

Based on my 20 years in corporate America, here's why I think the $1k bonuses are PR stunts:
  • No CEO wakes up in the morning and announces that everyone gets a $1k bonus, unless she's Oprah. Those are thought about and discussed for months. You think the tax bill was signed and the CEO decided to give everyone a bonus? More likely, those bonuses were coming - they just grabbed some good PR.
  • The bonus $ is small compared to what those companies have spent in the last ~5 years on stock buy backs. If they were really about improving their workers lives, they'd have gotten more than the 1.5-2.5% pay raises. (Ex: BoA announced in 2017 they were going to spend $17B on stock buy backs; the bonus? $145M
  • The effects of the tax cuts don't take place until tax year 2018 - so that is $ that the companies are paying out assuming more income in the future (ie, lower tax bill). I've NEVER heard of a company (Fortune 500) taking out loans to pay employee bonuses today; take out loans to pay the dividend? Yep. Employee bonuses? Please...

It's not "jealousy" when I poo-poo Brian's excitement that it's Morning in America again, just because some companies are handing out table scraps to their employees, while cutting benefits for those employees and spending vast amounts on (arguably useless) stock buy backs and CEO bonuses.

Then again, maybe it is just a sign of the times that most people just pay attention to that shiny object and ignore the real story.
Shit man, of course it's a PR stunt! But at the end of the day all those employees get an additional $1K and morale goes through the roof.

Remember back when Obama was diddled the country with his massive stimulus bill and we were all calculating what it amounts to for each individual citizen, each individual adult citizen, each individual adult tax paying citizen, etc.? I still think that stimulus would have been better spent by sending each of us tax payers an equal cut of it.
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  #6802  
Old 01-15-2018, 05:02 PM
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I have a question....Why are we having all these people from shithole countries come here?

i assume the same reason all our ancestors came here...they wanted to leave a shithole country and/or they were tired of never having more than what they had.
you know the whole land of opportunity thing.


why do norwegians not want to come here? maybe it has something to do with them being taken care of when they are sick, want education, or retire???
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  #6803  
Old 01-15-2018, 05:16 PM
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i assume the same reason all our ancestors came here...they wanted to leave a shithole country and/or they were tired of never having more than what they had.
you know the whole land of opportunity thing.


why do norwegians not want to come here? maybe it has something to do with them being taken care of when they are sick, want education, or retire???
I was in a Hispanic chuch over the weekend. I saw an illustration one of their Sundays School classes had done - it was a photo of a guy and the caption read, "I came here to seek riches, but found God instead". So I assume they come for the money.
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  #6804  
Old 01-15-2018, 06:01 PM
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It is now clear as to why you're a few years here, few years there kind of employee and not upper management material in these corporate companies you've worked for over the last 20 years.
I guess a decade plus qualifies for a "a few years"

Whatever.
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  #6805  
Old 01-15-2018, 06:03 PM
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Originally Posted by D Chapman View Post
I was in a Hispanic chuch over the weekend. I saw an illustration one of their Sundays School classes had done - it was a photo of a guy and the caption read, "I came here to seek riches, but found God instead". So I assume they come for the money.
bingo!

every professional i know, doctor, financier, etc, ALL come here to make better money.

but the salvadorans and other cenrtral/south americans we see in frederick come here to escape the drug wars and gangs...shit holes!

we can debate all day long if our war on drugs helped create the environment and if so then yeah we should be allowing them to flood in etc. south americans are our syrians, if we had an ocean between us and south america they would have a hell of a time getting here.


finland has it right. even if my wife spoke fluent finnish, had a doctarate in english, and they needed positions filled they will not grant her a work visa unless they can not employ a finn. they must be racist!! wait a minute if finns are white and my wife is white how is that racist?? does not matter in our current cultural climate...our culture is making it extremely difficult to state facts or an opinion backed up with data and context.

like i posted, am i racist for calling camden a shit hole? to some i am to some i am not. i lived 20 minutes from that place, i know more than some blogger in oregon...but it no longer matters.

somebody needs to explain to ALL media the difference between race and nationality. if a chinese person is born in africa, they are african. their race is still chinese. saying africa is a shit hole is not racist, it is not appropriate for the president to say but it is not racist. i did not hear all his dialogue which is to say he probably followed up with something ignorant.


America. Come for the money, stay for the God!
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  #6806  
Old 01-15-2018, 06:03 PM
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Probably has nothing to do with capital spending. Probably nothing to do with the global economy (Europe or Japan or even Brazil and Argentina), either. Additionally, I doubt higher revenue and earnings at companies such as Boeing, CAT, Apple, Visa, or Walmart have anything to do with it.
I guess you're right - it's those great earnings.

So why are P/E ratios at historic highs? Hint: If the earnings were supporting the price, they wouldn't be high.
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  #6807  
Old 01-15-2018, 06:06 PM
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Originally Posted by Blue View Post
Shit man, of course it's a PR stunt! But at the end of the day all those employees get an additional $1K and morale goes through the roof.
That was my point - get something small, go nuts. The modern equivalent of the Roman "bread and circuses." Give the people something small to distract them.

Quote:
Originally Posted by SGaynor View Post
Then again, maybe it is just a sign of the times that most people just pay attention to that shiny object and ignore the real story.

Quote:
Originally Posted by Blue View Post
Remember back when Obama was diddled the country with his massive stimulus bill and we were all calculating what it amounts to for each individual citizen, each individual adult citizen, each individual adult tax paying citizen, etc.? I still think that stimulus would have been better spent by sending each of us tax payers an equal cut of it.
On that I agree. Gov't shouldn't be in the business of picking winners, aka, market specific subsidies (wind vs nat gas, solar vs coal, etc.)
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Dangerous time when our country is led by those who will lie about anything, backed by those who will believe anything, based on information from media sources that will say anything. Americans must break out of that bubble and seek truth.
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  #6808  
Old 01-15-2018, 10:23 PM
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Looks like it's time for Dan to update his avatar. #WEGOTTHIS

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  #6809  
Old 01-16-2018, 09:19 AM
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Originally Posted by SGaynor View Post
I guess you're right - it's those great earnings.

So why are P/E ratios at historic highs? Hint: If the earnings were supporting the price, they wouldn't be high.
LOL, what? What the fuck are you talking about? Or, who are you talking about.
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  #6810  
Old 01-16-2018, 09:21 AM
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More PR stunts.
https://www.cbsnews.com/news/some-ut...rate-tax-cuts/
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  #6811  
Old 01-16-2018, 09:41 AM
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LOL, what? What the fuck are you talking about? Or, who are you talking about.
Sigh...basic stock price discussion.

P/E ratio = price to earnings ratio. The price of the stock divided by the earnings per share.

A high P/E ratio means that it is valued - there is an expectation that future earnings will increase; low P/E ratio means its expected to not have high earnings.

Too high a P/E and it's is considered overpriced - the amount of earnings required to make the ratio "normal" is not feasible (ex: Tesla). Too low, and it can be considered undervalued.

Historically, P/E ratios (S&P 500) are in the 15-17 range; today it is 26+. (See this link: http://www.multpl.com/. Notice the times (after 1930) when it spiked up over 20? That preceded stock crashes/recessions).

So with national banks flooding the market with cash at 0% interest (or in the case of Japan, negative interest), that money has to go somewhere - it inflates the price of stocks, bonds, commodities. That is, it creates an artificially high P/E ratio for stocks, since the price goes up, but not the underlying earnings (even though companies are making record earnings).
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  #6812  
Old 01-16-2018, 09:42 AM
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Yeah, don't hold your breath (from your link):

Exactly when and where consumers might see savings remains to be seen as regulators look into the matter.

But regulators in other states have suggested the money could be used to help pay for capital projects and offset large, unusual expenses.

And some utilities are still seeking rate increases even with the tax savings.
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Dangerous time when our country is led by those who will lie about anything, backed by those who will believe anything, based on information from media sources that will say anything. Americans must break out of that bubble and seek truth.
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  #6813  
Old 01-16-2018, 09:59 AM
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Originally Posted by SGaynor View Post
Sigh...basic stock price discussion.

P/E ratio = price to earnings ratio. The price of the stock divided by the earnings per share.

A high P/E ratio means that it is valued - there is an expectation that future earnings will increase; low P/E ratio means its expected to not have high earnings.

Too high a P/E and it's is considered overpriced - the amount of earnings required to make the ratio "normal" is not feasible (ex: Tesla). Too low, and it can be considered undervalued.

Historically, P/E ratios (S&P 500) are in the 15-17 range; today it is 26+. (See this link: http://www.multpl.com/. Notice the times (after 1930) when it spiked up over 20? That preceded stock crashes/recessions).

So with national banks flooding the market with cash at 0% interest (or in the case of Japan, negative interest), that money has to go somewhere - it inflates the price of stocks, bonds, commodities. That is, it creates an artificially high P/E ratio for stocks, since the price goes up, but not the underlying earnings (even though companies are making record earnings).
I think you answered your own question.
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  #6814  
Old 01-16-2018, 10:01 AM
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Yeah, don't hold your breath (from your link):

Exactly when and where consumers might see savings remains to be seen as regulators look into the matter.

But regulators in other states have suggested the money could be used to help pay for capital projects and offset large, unusual expenses.

And some utilities are still seeking rate increases even with the tax savings.
Guess we'll see. I belong to an electric co-op. I'd imagine the co-op's would be some of the first to drop their fees.
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  #6815  
Old 01-16-2018, 10:08 AM
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With Scott any good economic news is actually bad because mean old Trump is on watch duty. Scott would find a way to make 12% gains in his portfolio seem bad or, at a minimum, give Obama credit. Funny to watch.
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Brian was right!
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  #6816  
Old 01-16-2018, 10:41 AM
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With Scott any good economic news is actually bad because mean old Trump is on watch duty. Scott would find a way to make 12% gains in his portfolio seem bad or, at a minimum, give Obama credit. Funny to watch.
I was thinking the same thing. You could leave an envelope full of 100's on his doorstep and he'd bitch about the newfound tax liability. He's the ultimate chicken little.
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  #6817  
Old 01-16-2018, 11:25 AM
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With Scott any good economic news is actually bad because mean old Trump is on watch duty. Scott would find a way to make 12% gains in his portfolio seem bad or, at a minimum, give Obama credit. Funny to watch.
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I was thinking the same thing. You could leave an envelope full of 100's on his doorstep and he'd bitch about the newfound tax liability. He's the ultimate chicken little.
I guess y'all think Bitcoin is real, and for the economy this time it really is different, eh?

Edit: Here ya go. Invest your life savings in this new blockchain joint venture. I'm sure the stock will go up 30x in the first month. Because, ya know...blockchain.

https://www.marketwatch.com/story/ib...rsk-2018-01-16

This shit is pets.com of 2018.
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  #6818  
Old 01-16-2018, 01:10 PM
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No, I don't think bitcoin is real. Is the sky still falling?
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  #6819  
Old 01-16-2018, 01:15 PM
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No, I don't think bitcoin is real. Is the sky still falling?
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Dangerous time when our country is led by those who will lie about anything, backed by those who will believe anything, based on information from media sources that will say anything. Americans must break out of that bubble and seek truth.
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  #6820  
Old 01-17-2018, 03:51 PM
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Damn....just received my Q4 2017 401K report in the mail. For all of 2017 my 401K is up 24%. I am so pissed off, this is just fake 401K news because I know that Trump is really fucking up the economy.
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  #6821  
Old 01-17-2018, 03:55 PM
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Damn....just received my Q4 2017 401K report in the mail. For all of 2017 my 401K is up 24%. I am so pissed off, this is just fake 401K news because I know that Trump is really fucking up the economy.
And he has heart disease, too. Saw it on CNN so you know it's true. The doctor who's never seen Trump or his charts said so.
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Old 01-17-2018, 04:04 PM
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That press conference with the doc was fucking hilarious. Those poor lemming media morons just could not handle it. Did you hear how much they hounded him for anything....anything at all that might indicate he's not tip-top? They really showed their true colors yet again. Fucking morons.
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  #6823  
Old 01-17-2018, 05:08 PM
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Another one of them damn PR stunts.
https://www.bostonglobe.com/business...Q3L/story.html
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  #6824  
Old 01-17-2018, 05:59 PM
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Apple is just colluding with Trump to make him look better.
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  #6825  
Old 01-18-2018, 12:43 AM
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Haha. Veteran Land Rovers owners are now financial geniuses. . .
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