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The Economy

When Trump Media gets down to 10cps will it be worth a punt or still a dog to be kicked lower
 
Kamalanomics looks better

The Financial Times has now conducted two monthly polls in a row in which voters say they trust Harris more than Trump to handle the economy. When Biden was still in the race, Trump beat him handily on the economy. But Harris inched ahead of Trump in August and expanded that lead slightly in September.

That FT poll looked like an outlier back in August, but other data now shows Harris drawing even with Trump on the economy. The latest Morning Consult poll finds 46% of voters trust both Harris and Trump on the economy. On issues such as the cost of living, housing affordability, and jobs, Harris’s approval rating exceeds Biden’s by 25 percentage points or more.
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The article includes a list of Harris’ and Trump’s differences on economic policy.
 
MajorRewrite said:
High-priced weight loss drugs are bankrupting US health care plans.

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I think that $1000 per month list price is a canard. I'm told it's $200 a month on most insurance plans and as low as $100 per month for generic semaglutide on Instagram/Facebook/TikTok.

In any event, Ozempic is obsolete as we speak. Average weight loss is 15% with Ozempic.

Mounjaro is already out, it's a "second generation" weight loss drug that not only contains meds that Ozempic has that lowers GLP-1 but also has another one of the 16 peptides that control weight GIP inhibitor. Average weight loss is 25% for the exact same price point.
 
lessOHmo said:
Consumer confidence collapse

Harris recession
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“Consumer confidence” polls mean nothing at this point, because 100% of MAGAs reply that the economy is awful even though all data says the opposite.

But when asked about their personal spending, they tell the truth because they don’t want to look like failures:

However, on a six-month moving average basis, purchasing plans for homes and new cars improved slightly. When asked about plans to buy more goods or services over the next six months, consumers showed a slightly greater preference for purchasing goods.

A new question about services in this month’s survey revealed consumers were still keen to travel and dine out in September. It found that consumers were still willing to stream entertainment at home but that interest in going to the movies rose in recent months. Regarding non-discretionary services like health care and utilities, planned spending over the next 6 months was also strong.
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https://www.conference-board.org/topics/consumer-confidence
 
lessOHmo said:
Harris recession

http://stocktwits.com/Dr_Stoxx/message/586954718
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Elle Oh Elle

A "stock speculator" with a whopping 60K followers posts a random chart without a key.

Perfect vehicle for investment advice!

Let's see....Amazon down slightly.....not surprising given recent layoffs and "return to office mandate" (i.e. backdoor layoff).

Microsoft down 1% today. Why? Because a single influential analyst downgraded it from "buy" to "hold". Why is this, you might ask? Because Microsoft has wrapped up it's free one-year trial of their "me too!" Artificial Intelligence add-on called "co-pilot". It now wants enterprise users to pony up an additional $30 PER SEAT for the privilege of using co-pilot.

Can you guess what the renewal rate is now of this mighty AI engine? ONE FECKIN' PERCENT. Put another way....that's an abandonment rate of NINETY NINE percent.

Oh and the smart money is dumping large positions in Nvidia stock. The two year gravy train of 175% ROI is over....going forward expect a 20 to 30 percent appreciation per year......NOT GOOD ENOUGH for teh self-proclaimed "Wolves of Wall Street".

What does your "Doctor Stoxxx" recommend you invest your retirement portfolio in today?
Bitcoin derivatives.
No seriously.
Stop laughing!
I said STOP LAUGHING, DAMMIT!

"Harris Recession" indeed! :ROFLMAO:
 
RobDownSouth said:
Elle Oh Elle

A "stock speculator" with a whopping 60K followers posts a random chart without a key.

Perfect vehicle for investment advice!

Let's see....Amazon down slightly.....not surprising given recent layoffs and "return to office mandate" (i.e. backdoor layoff).

Microsoft down 1% today. Why? Because a single influential analyst downgraded it from "buy" to "hold". Why is this, you might ask? Because Microsoft has wrapped up it's free one-year trial of their "me too!" Artificial Intelligence add-on called "co-pilot". It now wants enterprise users to pony up an additional $30 PER SEAT for the privilege of using co-pilot.

Can you guess what the renewal rate is now of this mighty AI engine? ONE FECKIN' PERCENT. Put another way....that's an abandonment rate of NINETY NINE percent.

Oh and the smart money is dumping large positions in Nvidia stock. The two year gravy train of 175% ROI is over....going forward expect a 20 to 30 percent appreciation per year......NOT GOOD ENOUGH for teh self-proclaimed "Wolves of Wall Street".

What does your "Doctor Stoxxx" recommend you invest your retirement portfolio in today?
Bitcoin derivatives.
No seriously.
Stop laughing!
I said STOP LAUGHING, DAMMIT!

"Harris Recession" indeed! :ROFLMAO:
Click to expand...
Unlike so many on LIT who are unserious "people"

You are serious.....ALWAYS wrong, and ALWAYS evil.....but smarter then MOST here


But the above makes you unserious
 
As stated on another thread, I like most of Harris's economic proposals, though I'm wary of her price controls and her tax on unrealized capital gains, and I think that she should have a stronger industrial policy for rebuilding our manufacturing base. Manufacturing base jobs do a lot more to bolster and grow the middle class, which has shrunken ridiculously in my lifetime. That being said, at least she seems to have some concept of helping ordinary Americans in her plan. Trump needs to really bring his A game to that and he hasn't done so yet. Also, instead of abolishing the tax on tips, just raise the tipped federal minimum wage so that they aren't as dependent on them.
 
Last edited:
SevMax2 said:
As stated on another thread, I like most of Harris's economic proposals, though I'm wary of her price controls and her tax on unrealized capital gains, and I think that she should have a stronger industrial policy for rebuilding our manufacturing base. Manufacturing base jobs do a lot more to bolster and grow the middle class, which has shrunken ridiculously in my lifetime. That being said, at least she seems to have some concept of helping ordinary Americans in her plan. Trump needs to really bring his A game to that and he hasn't done so yet.
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as IT has stated NO proposals

you cant like any of em
 
lessOHmo said:
Unlike so many on LIT who are unserious "people"

You are serious.....ALWAYS wrong, and ALWAYS evil.....but smarter then MOST here


But the above makes you unserious
Click to expand...

You calling anyone else “unserious” is hilarious. 😆

You make Cherno look sane and intelligent, which is saying a lot.
 
US weekly jobless claims unexpectedly fall

The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, pointing to a still low level of layoffs that could ease fears over the labor market's health.

Initial claims for state unemployment benefits dropped 4,000 last week to a seasonally adjusted 218,000 for the week ended Sept. 21, the Labor Department said on Thursday.
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