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Politics And The Markets 3/15/21

Mar. 15, 2021 1:00 AM ET375 Comments
Political Comments profile picture
Political Comments

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Political Comments profile picture
This is the go-to destination for political comments on Seeking Alpha.These comments are not regulated with the same rigor as the rest of the site, and this is an 'enter at your own risk' area as discussion can get very heated. If you can't stand the heat...you know what they say...The one guideline we do still require strict adherence to is refraining from personal attacks on fellow commenters. Regardless of which side of the political divide you find yourself, please be courteous and don't direct abuse at other users.

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Comments (375)

Politics and money was ten times easier when Trump was torturing media 24/7.......

Just saying....It’s getting harder, fast.
Does Rep. Kevin McCarthy even think about what he is saying before he opens his mouth? He is worried that the generals' criticism of Tucker Carlson, who's despicable rants about women in the service is political, when
his former (and still) party leader did the same with Gen. Milley at Lafayette Square.
Kim Jung-un's sister issues stern warning to U.S. Well of course she did.
Pinguino Investments profile picture
@tewright2012 Warnings are bad enough, but stern ones are particularly annoying.
kev if all us guys work so hard at all this decide it want be a decision it will just happen ^ you
Go suck a Rock.
my wife got her first shot but had such a bad reaction they said she doesn't need the second shot because she had the covid19.

i didn't get my shot yet, i also had the covid--caught it from my wife

the dog had it, he had diarrhea and was lethargic for about 3 days

even the cats nose was dripping--so who knows
@BHLH865 I got 2 Pfizer shots and never felt a thing:)...shoulder wasn't even sore.
Jack D Stocks profile picture

That's great news, my mother got her first Pfizer shot, she's close to 90. No pain, no side effects
@BHLH865 If your wife skips her second shot she is risking a situation down the road that she may not like. And you should get yours as well. Just having Covid does not mean you cannot not get a really bad case again, especially from one of the new variants.
at best it's a you pay a little and get in the jungle a little..
an the quality of equities mirrors tech advancement my first cell was 600 they handed it to me come up to present it doesn't get handed and it's half the quality.
Same with equities
even though it gets goofy here i did work to cross that expensive bridge 🌉 
but they say you have 3 years with the XR what kind of projection is that ?
@al roman a really good cell and computer is over 3k msrp
i am asking a serious question because if you are and not grandfathered Cha Ching Symbols...
@techy46 are you 3G vulnerable.?
Entropy4Free profile picture
Recently my orange tabby & I had a life altering discussion.

I won: and he's glad also.

The way I see it now. The truly stoic investor, who was able to ignore the noise of the past four years, became wealthy. Trump being in office made it next to impossible. That guy, is going to be the real big winner over the next 20 years.

Everyone else basically needs an extended period of self reflection, about how only a truly honest man can go through life rarely getting scammed for more than five minutes. After all, even I happen to be human.
@Jpokergman are you 3G vulnerable ?
@Jpokergman LTE advanced or Gigabyte?
it's the difference between 300/400 bucks here's the catch if your gigabyte your prepared for it advanced is already in place and operable.
@Jpokergman why i like msft they scrape to stay in the game and have a cadre base.
@techy46 3G support ends Feb 2022
@al roman universally.
techy46 profile picture
@Namron Damron

Try putting this in your futuristic planning?

The US gov't is FUBAR and sinking in quick sand.

"Gerontocracy Is Hurting American Democracy

It was September 2019, the Democratic primaries were really starting to heat up, and Joe Biden was struggling to keep it together. In a debate that month, he was asked about racial inequality in schools, and his advice to parents was, charitably, puzzling. “Play the radio. Make sure the television — excuse me, make sure you have the record player on at night. Make sure kids hear words.” At 78, he became the oldest president: older than Ronald Reagan was when he left office and older than all of his living predecessors besides Jimmy Carter.

But compared to many in Congress, he looks like a tiny little baby. House Speaker Nancy Pelosi is 80, as is Majority Whip Jim Clyburn, while Majority Leader Steny Hoyer is 81. Senators Dianne Feinstein and Chuck Grassley, as well as Alaska’s lone representative Don Young, are all 87. (In December, The New Yorker’s Jane Mayer reported that, according to sources, Feinstein’s “short-term memory has grown so poor that she often forgets she has been briefed on a topic, accusing her staff of failing to do so just after they have.”) These people are not even young enough to be baby-boomers. They are part of the Silent Generation."

Namron Damron profile picture
@techy46 I'd like to see a mandatory age limit..... I'd go with 70 or less. We need to turn things over to fresh thinking and we need to allow them to design a way out of what we have on all issues. Those older need to sit back and enjoy if they can. We have leaders that are just not in touch.
techy46 profile picture
@Namron Damron

"We need to turn things over to fresh thinking.............................."

I would agree but let's wait for 8-12 more years when I'm gone.

The article leads into this sort of anti-Boomer socialist's shit fest.

So no generation since the Boomers has been required to serve.

Boomer's hold an amount of power proportionate to what they done.

But we're the one's that are fucking the XYZ'ers?

"Boomers came to hold a disproportionate amount of power in this country because “they were able to experience uniquely positive economic circumstances in their youth,” explained Kevin Munger, a political science professor at Pennsylvania State University"

"Boomers, for the most part, had more economic opportunity not only than their parents’ generation, but also more than their children, largely millennials, who have faced slower wage growth and higher barriers to homeownership and family formation."

"Before things get better, they will get worse. “We have not yet reached the peak of boomer culture. We’re going to see the highest number of people turning 65 in U.S. history in 2023,” Munger said. "
Namron Damron profile picture
@techy46 and just think, in the 70's they were predicting that the boomer generation would never duplicate the wealth and economic value of the greatest generation.
@Ben Gee it will be better in the morning , i am no better than any of them but you don't survive planet earth without some ego and bravado.
Namron Damron profile picture
Another idea for pondering...... a possible solution to U.S. democracy is not for political elites to exercise more control over the system they have successfully driven to extremes. Rather, it is more and better democracy. The US might abolish its Electoral College in a hundred years or so. So as not to waste someone's vote and input, ranked-choice voting could go a long way toward making government more responsive, and it would just require ordinary legislation. Citizens could then choose from a variety of parties and list them in order of preference. If one’s first choice loses, one’s vote would not be wasted but would go to one’s second choice. The two main parties would be forced to compete with, for example, Democratic Socialists, Greens, Libertarians—even a MAGA party—and to work toward constructive compromise in Congress. Now, we seem to just perpetuate extremes and division.
Scootrd profile picture
@Namron Damron
My understanding Maine already implemented.
techy46 profile picture
@Namron Damron

Our only choice is to give Biden 4 years and analyze the results.

In the meantime, adapt, focus on opportunties, avoid all extremists.

The 2021 COVID and season will be among US in 6 months.

That means another 2-4 shots for all Americans.
Scootrd profile picture
4 hours ago -

An attorney representing the former daughter-in-law of the Trump Organization CFO Allen Weisselberg says she's cooperating with prosecutors conducting an inquiry into Donald Trump's finances and "refuses to be silenced.

According to Bloomberg News - Jennifer and her husband Barry Weisselberg received an apartment as a gift from Trump when they married in 2004, but Barry Weisselberg may have skipped out on paying taxes on it.

That apartment — as well as other numerous financial entanglements between the Weisselberg and Trump families — appear to be at the center of the effort to flip Weisselberg into cooperating.

Court filings suggest prosecutors are focusing on whether they illegally kept two sets of books — one that painted a rosy financial picture to obtain favorable loan terms, another featuring grim data to pay less in taxes.
techy46 profile picture

"prosecutors are focusing on whether they illegally kept two sets of books"

Now that's very amusing since almost all compianes keep 2, 3 or 4 sets.

I always keep accural and cash records plus tax models based on both.

"One of the dirty little secrets of finance is that publicly traded corporations maintain two different sets of “books,” or accounting ledgers. Before you get all riled up and start calling various attorney generals’ offices, understand that it is perfectly legal and normal.

One set of books is for the financial statements that they present to shareholders when they file their quarterly reports with the U.S. SEC, and that set is prepared according to GAAP (generally accepted accounting principles). The other set is the books they keep to pay their taxes to the IRS.

The government, it turns out, doesn’t much care for “generally accepted” and is often only concerned with what actually happened. It usually doesn’t want to hear about “estimates.” GAAP, on the other hand, actually requires management to make estimates of both revenues and expenses all the time."

Scootrd profile picture
The U.S. Securities and Exchange Commission said it has charged Andrew L. Fassari, or @OCMillionaire for tweeting false statements about Arcis Resources Corporation a defunct company during December 2020, shortly after purchasing over 41 million shares of the stock.

Fassari made approximately 120 tweets from Dec. 9 to 21 with false and misleading statements about the stock, causing its price to surge over 4,000%, Fassari later sold all his shares between Dec. 10 and 16, booking $929,000 in profits from the scheme.

“The SEC has acted at a lightning pace in bringing this action. It appears Mr. Fassari has been hit with fallout from the GameStop, Robinhood, Reddit controversy,” Fassari’s lawyer David Wiechert said in an emailed statement.

The SEC obtained an emergency asset freeze against Fassari.
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