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The New Coffee Room

  1. TNCR
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  3. For Horace - stock market will go up regardless of who wins President

For Horace - stock market will go up regardless of who wins President

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  • X Offline
    X Offline
    xenon
    wrote on last edited by
    #22

    I like how we've all ascribe to MMT now. Seems like there'd be little political fallback from going full idiot and ratcheting down taxes further and gunning up spending too.

    I think Trump actually demanded stimulus a few days ago.

    1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #23

      I don't think Trump favors MMT. I think he's like a duck...Calm above water, but peddling furiously to keep the economy from tanking.

      If I was Biden, I'd let Trump keep it.

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      1 Reply Last reply
      • HoraceH Horace

        It often enhances communication in these exchanges if one posts from an iPhone. Most leading scientists say that arguments are 13% more persuasive when typed on an iPhone. 16% if typed on an iPhone that had been bought within the past year.

        KlausK Offline
        KlausK Offline
        Klaus
        wrote on last edited by
        #24

        @Horace said in For Horace - stock market will go up regardless of who wins President:

        It often enhances communication in these exchanges if one posts from an iPhone. Most leading scientists say that arguments are 13% more persuasive when typed on an iPhone. 16% if typed on an iPhone that had been bought within the past year.

        I can tell you typed this on a recently bought iPhone.

        1 Reply Last reply
        • HoraceH Horace

          It often enhances communication in these exchanges if one posts from an iPhone. Most leading scientists say that arguments are 13% more persuasive when typed on an iPhone. 16% if typed on an iPhone that had been bought within the past year.

          CopperC Offline
          CopperC Offline
          Copper
          wrote on last edited by
          #25

          @Horace said in For Horace - stock market will go up regardless of who wins President:

          an iPhone that had been bought within the past year.

          old news

          ![alt text](cd819b6d-5b6f-437b-bda7-bf67a5df6d7d-image.png image url)

          1 Reply Last reply
          • Doctor PhibesD Offline
            Doctor PhibesD Offline
            Doctor Phibes
            wrote on last edited by
            #26

            What percentage of leading scientists own stock in AAPL?

            I was only joking

            1 Reply Last reply
            • LarryL Larry

              Nice... you ignored everything I said.

              taiwan_girlT Offline
              taiwan_girlT Offline
              taiwan_girl
              wrote on last edited by
              #27

              @Larry said in For Horace - stock market will go up regardless of who wins President:

              Nice... you ignored everything I said.

              Larry, I respectfully disagree. I did not ignore what you said. My interpret is that for you personally, you personally have done much better under Republic presidents than Democrat presidents.

              All I am asking you is what would you use to define the economy on a nationwide basis?

              And I believe that if you pick 5 things (GDP, etc), and we look at historical data, there will not be a big difference between Republics and Democrats presidents. I am will be happy to buy a cup of coffee if I am incorrect.

              1 Reply Last reply
              • LarryL Offline
                LarryL Offline
                Larry
                wrote on last edited by
                #28

                I know that's what you believe. But you're wrong just the same. Data and statistics can be made to fit whatever picture you want to paint. Reality however, never lies.

                KlausK 1 Reply Last reply
                • LarryL Larry

                  I know that's what you believe. But you're wrong just the same. Data and statistics can be made to fit whatever picture you want to paint. Reality however, never lies.

                  KlausK Offline
                  KlausK Offline
                  Klaus
                  wrote on last edited by
                  #29

                  @Larry said in For Horace - stock market will go up regardless of who wins President:

                  I know that's what you believe. But you're wrong just the same. Data and statistics can be made to fit whatever picture you want to paint. Reality however, never lies.

                  Hu? There is no way to compare except through data and statistics. You cannot compare "realities" without identifying data points.

                  1 Reply Last reply
                  • LarryL Larry

                    I measure economic success by using common sense instead of googling for statistics that support my politics. Black employment is at an all time high, Latino employment is at an all time high. This isn't because a bunch of wall street nerds wrote an article, it's because things were done that created jobs. You don't create jobs by doing things that limit profits by the companies these people have jobs with, or by doing things that will give the company reason to move out of the country. Factories make stuff. People buy the stuff they make. If people can't afford to buy the stuff the factories make, the factories will have to make fewer of the stuff they make.

                    Then you raise taxes on the people who buy stuff but now can't buy because they lost their job... the company still makes money because they've moved to Ireland where the taxes are lower, and left wing Google searchers will say "See? The stock market is still goid!" While tens of thousands of people who lost their jobs are drawing unemployment checks and sitting around trying to keep from losing their homes. All so some people can virtue signal about how they're saving the environment and increasing unemployment checks....

                    Take it to its ultimate conclusion - if stifling business and raising taxes has no negative effects, then just go ahead and take 100% of corporate profit. Tax the working folk at 100%, take it all. When you finally figure out just how the economy actually works, it will be too late.

                    Doctor PhibesD Offline
                    Doctor PhibesD Offline
                    Doctor Phibes
                    wrote on last edited by
                    #30

                    @Larry said in For Horace - stock market will go up regardless of who wins President:

                    I measure economic success by using common sense instead of googling for statistics that support my politics. Black employment is at an all time high, Latino employment is at an all time high.

                    You just quoted two statistics to support your assertion 😆

                    I was only joking

                    1 Reply Last reply
                    • LarryL Offline
                      LarryL Offline
                      Larry
                      wrote on last edited by Larry
                      #31

                      Saying blacks have the highest employment level in history is not citing statistics. It's stating a reality. If I had said "black employment is up by 47.8% that would have been a data point.

                      To be honest, her questions were so confusing I didn't even consider them. Like I said, one can make data say whatever you want it to say.

                      1 Reply Last reply
                      • Doctor PhibesD Offline
                        Doctor PhibesD Offline
                        Doctor Phibes
                        wrote on last edited by Doctor Phibes
                        #32

                        How can you know that black employment is at it's lowest level without looking at statistics?

                        Actually, we don't know whether it's true, since they only started keeping records in 1972.

                        So no, it's not as simple as saying 'it's reality' if you don't have the data.

                        I was only joking

                        LarryL 1 Reply Last reply
                        • Doctor PhibesD Doctor Phibes

                          How can you know that black employment is at it's lowest level without looking at statistics?

                          Actually, we don't know whether it's true, since they only started keeping records in 1972.

                          So no, it's not as simple as saying 'it's reality' if you don't have the data.

                          LarryL Offline
                          LarryL Offline
                          Larry
                          wrote on last edited by
                          #33

                          @Doctor-Phibes said in For Horace - stock market will go up regardless of who wins President:

                          How can you know that black employment is at it's lowest level without looking at statistics?

                          Actually, we don't know whether it's true, since they only started keeping records in 1972.

                          So no, it's not as simple as saying 'it's reality' if you don't have the data.

                          First, i didnt say black employment was at its lowest, i said it was at its highest.

                          Second, you just proved that basing things on statistics doesn't work by pointing out that you can't figure out what the truth is since you don't have any statistics beyond 1972.

                          But the reality is there just the same, and can easily be understood by anyone who uses their brain instead of Google.

                          1 Reply Last reply
                          • Doctor PhibesD Offline
                            Doctor PhibesD Offline
                            Doctor Phibes
                            wrote on last edited by Doctor Phibes
                            #34

                            Sorry, I meant to say 'unemployment is at it's lowest level'

                            So how do we know that black employment is at the highest level in history if we don't have any records?

                            And it's not 'statistics' we need, it's data. Without data there are no statistics, but there is no way of determining reality, either.

                            I was only joking

                            1 Reply Last reply
                            • LarryL Offline
                              LarryL Offline
                              Larry
                              wrote on last edited by
                              #35

                              Well... yes there is.

                              1 Reply Last reply
                              • Doctor PhibesD Offline
                                Doctor PhibesD Offline
                                Doctor Phibes
                                wrote on last edited by Doctor Phibes
                                #36

                                How can you tell whether something is true without any data?

                                Politicians say a lot of stuff that isn't true. I've heard it said that even Donald Trump is occasionally prone to minor exaggerations.

                                How do we verify their claims?

                                I was only joking

                                1 Reply Last reply
                                • KlausK Offline
                                  KlausK Offline
                                  Klaus
                                  wrote on last edited by Klaus
                                  #37

                                  Data is just a piece of reality. Statistics is just a way to summarize data.

                                  It's completely nonsensical to assume that there's a way to talk about reality without talking about data.

                                  Larry's intent seems to be to find justifications to uphold his propositions when they clash with reality. Let's call it a variant of confirmation bias.

                                  taiwan_girlT LarryL 2 Replies Last reply
                                  • KlausK Klaus

                                    Data is just a piece of reality. Statistics is just a way to summarize data.

                                    It's completely nonsensical to assume that there's a way to talk about reality without talking about data.

                                    Larry's intent seems to be to find justifications to uphold his propositions when they clash with reality. Let's call it a variant of confirmation bias.

                                    taiwan_girlT Offline
                                    taiwan_girlT Offline
                                    taiwan_girl
                                    wrote on last edited by
                                    #38

                                    @Klaus said in For Horace - stock market will go up regardless of who wins President:

                                    Data is just a piece of reality. Statistics is just a way to summarize data.

                                    It's completely nonsensical to assume that there's a way to talk about reality without talking about data.

                                    Larry's intent seems to be to find justifications to uphold his propositions when they clash with reality. Let's call it a variant of confirmation bias.

                                    Exactly.

                                    1 Reply Last reply
                                    • KlausK Klaus

                                      Data is just a piece of reality. Statistics is just a way to summarize data.

                                      It's completely nonsensical to assume that there's a way to talk about reality without talking about data.

                                      Larry's intent seems to be to find justifications to uphold his propositions when they clash with reality. Let's call it a variant of confirmation bias.

                                      LarryL Offline
                                      LarryL Offline
                                      Larry
                                      wrote on last edited by
                                      #39

                                      @Klaus said in For Horace - stock market will go up regardless of who wins President:

                                      Data is just a piece of reality. Statistics is just a way to summarize data.

                                      It's completely nonsensical to assume that there's a way to talk about reality without talking about data.

                                      Larry's intent seems to be to find justifications to uphold his propositions when they clash with reality. Let's call it a variant of confirmation bias.

                                      Statistics is a snapshot of a constantly changing thing. I can understand how a mathematician would think it's "nonsensical" to think one can talk about reality without talking about numbers. Thankfully however, there is a much more accurate way to gauge something than to focus on a narrow little snapshot obtained by navel gazing at numbers.

                                      My intent is not what you've assumed from your numbers based method of viewing the world. My intent is to approach the issue that was being discussed by looking at reality and not allowing you or anyone else blow the same smoke up my ass that you have had blown up yours.

                                      Again, using black employment as the example.. we can navel gaze over a bunch of numbers we found by Googling, or we can step back to get a wider view and take a look at what's actually happening. Confirmation bias will more likely be found among you number crunchers, since it's quite common for one set of data to be used to support both sides of an argument. That's because statistics and data are often meaningless except to navel gamers.

                                      I don't gaze at my navel. TG has her opinion, and she uses data and statistics to defend her positions - positions she formed long before she set out to find the data she wanted to find. Someone else with a different opinion can also find data and statistics to defend their position as well - which is a well proven point, and statistics confirmed both biases.

                                      But when one takes a wider view of the issue, they see that blacks are leaving the democrat party in large numbers, blacks who support Trump are growing at a rapid pace, and by the tens of thousands they are telling the rest of us it's because of record setting employment and other things Trump has done to help the black community.

                                      So you go on getting your information from a bunch of numbers. I'll get my information from looking at results.

                                      KlausK 1 Reply Last reply
                                      • LarryL Larry

                                        @Klaus said in For Horace - stock market will go up regardless of who wins President:

                                        Data is just a piece of reality. Statistics is just a way to summarize data.

                                        It's completely nonsensical to assume that there's a way to talk about reality without talking about data.

                                        Larry's intent seems to be to find justifications to uphold his propositions when they clash with reality. Let's call it a variant of confirmation bias.

                                        Statistics is a snapshot of a constantly changing thing. I can understand how a mathematician would think it's "nonsensical" to think one can talk about reality without talking about numbers. Thankfully however, there is a much more accurate way to gauge something than to focus on a narrow little snapshot obtained by navel gazing at numbers.

                                        My intent is not what you've assumed from your numbers based method of viewing the world. My intent is to approach the issue that was being discussed by looking at reality and not allowing you or anyone else blow the same smoke up my ass that you have had blown up yours.

                                        Again, using black employment as the example.. we can navel gaze over a bunch of numbers we found by Googling, or we can step back to get a wider view and take a look at what's actually happening. Confirmation bias will more likely be found among you number crunchers, since it's quite common for one set of data to be used to support both sides of an argument. That's because statistics and data are often meaningless except to navel gamers.

                                        I don't gaze at my navel. TG has her opinion, and she uses data and statistics to defend her positions - positions she formed long before she set out to find the data she wanted to find. Someone else with a different opinion can also find data and statistics to defend their position as well - which is a well proven point, and statistics confirmed both biases.

                                        But when one takes a wider view of the issue, they see that blacks are leaving the democrat party in large numbers, blacks who support Trump are growing at a rapid pace, and by the tens of thousands they are telling the rest of us it's because of record setting employment and other things Trump has done to help the black community.

                                        So you go on getting your information from a bunch of numbers. I'll get my information from looking at results.

                                        KlausK Offline
                                        KlausK Offline
                                        Klaus
                                        wrote on last edited by Klaus
                                        #40

                                        @Larry said in For Horace - stock market will go up regardless of who wins President:

                                        But when one takes a wider view of the issue, they see that blacks are leaving the democrat party in large numbers, blacks who support Trump are growing at a rapid pace, and by the tens of thousands they are telling the rest of us it's because of record setting employment and other things Trump has done to help the black community.
                                        So you go on getting your information from a bunch of numbers. I'll get my information from looking at results.

                                        I'm glad you can make your point so well without reference to (fictional?) numbers and data.

                                        Let me guess: If Trump looses, you'll also refuse to accept the voting numbers as not being "reality"?

                                        1 Reply Last reply
                                        • taiwan_girlT Offline
                                          taiwan_girlT Offline
                                          taiwan_girl
                                          wrote on last edited by
                                          #41

                                          Larry, I believe that you have multiple businesses. How do you determine if they are doing well? Just gut feel, or do you look at profit/loss, sales figures, etc?

                                          LarryL 1 Reply Last reply
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