Very good point... this is not a United States problem that our government caused by not raising interest rates. This was a punch from outside our boarders.
Misc Stock Market
- Thread starter ForsythSnow
- Start date
-
Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!
I'm glad to see this finally happening (even if it took a global pandemic to get it done), since this is the most regressive part of the tax code. If payroll tax rates - SS & Medicare withholding - were treated in the same way as income taxes, most lower-wage Americans wouldn't owe *any* payroll taxes.
www.cnn.com
Trump pushes payroll tax cut and assistance for hourly workers in coronavirus economic response
President Donald Trump said Monday he would press lawmakers to enact a payroll tax cut and ensure assistance is available to hourly workers amid a roiling coronavirus pandemic that's caused deep economic concerns and stock market shock.
I'm glad to see this finally happening (even if it took a global pandemic to get it done), since this is the most regressive part of the tax code. If payroll tax rates - SS & Medicare withholding - were treated in the same way as income taxes, most lower-wage Americans wouldn't owe *any* payroll taxes.
Trump pushes payroll tax cut and assistance for hourly workers in coronavirus economic response
President Donald Trump said Monday he would press lawmakers to enact a payroll tax cut and ensure assistance is available to hourly workers amid a roiling coronavirus pandemic that's caused deep economic concerns and stock market shock.
If this happens they would have to cut almost all of it for it to be any real help otherwise it will be so small it wont be noticeable for most people...also it will reduce the flow of money into the funds that pay out SS and Medicare....funds that are already not doing great.
I found this to be pretty neat. People seem to really hate Mondays. Historically, really massive drops in the S&P 500 on Monday usually bode for the stock market in the coming days, weeks, & months unless of course you’re actually about to enter a recession.
Futures are hovering around +800 , Japan and Hong Kong are green right now, so the European markets hopefully follow.....the Dow might not get all 2000 back but it might get close. That said I think the up days will be followed by bigger down days.…and we are not at the bottom yet.
Futures have climbed to +1000, looks like we’re gonna make up a large chunk of what we lost yesterday
Foreign markets (with the exception of India's Sensex) are all in the green today...so far, so good.
Gas coming in at $1.90 on way to work Triad. See if it drops some more latter today into tommorow. Ill know when barrell of oil goes up, cause pump prices will rise in lock step.
What?
I think you are seeing the highs of the day right now.
White House plan for economic response to coronavirus is 'not there right now,' officials say
U.S. stocks pointed higher following President Trump's suggestion that a payroll tax cut and other stimulus measures may be in the works.
www.cnbc.com
America’s worst financial adviser
White House economic adviser Larry Kudlow has some terrible financial advice to explain.
Only the best people.
Robert Shiller: Coronavirus is creating a 'dangerous time' for markets, panic is just starting
Nobel-prize winning economist Robert Shiller warns the market meltdown is far from over.
It was Shiller's PE ratio chart I posted yesterday.
Once Saudi Arabia’s proposed record production of 12.3 million barrels per day kicks in during April and the coronavirus becomes more widespread in the US, the price will probably plummet. It’s certainly not unreasonable to expect prices to drop towards $1.50 ish here
No question about it.
US gas prices expected to fall as coronavirus and failed OPEC talks send oil market reeling
The coronavirus outbreak and disagreements among OPEC members have caused global oil prices to plummet, and experts say consumers are likely see lower prices at the pump.
abcnews.go.com
OPEC and (particularly) Russia have declared war on the US shale industry. Their goal is to weaken our oil production in order to take away market shares.
So I have an idea: Right now we can actually afford to hike gas taxes. I just paid $1.75 per gallon and would still be happy if it was $2.00 a gallon. We should guarantee our oil producers $30 per barrow (I think this is ~ break even). We enact a variable gas tax. (ex.)Say oil goes down to $25 a barrow, we could hike the tax to 5 cents per gallon to then provide $5 per barrow to our producers. I think only good would come from this; either OPEC/Russia cut back production (we keep shares) or oil/gas stay real low which would still be good for us.
So I have an idea: Right now we can actually afford to hike gas taxes. I just paid $1.75 per gallon and would still be happy if it was $2.00 a gallon. We should guarantee our oil producers $30 per barrow (I think this is ~ break even). We enact a variable gas tax. (ex.)Say oil goes down to $25 a barrow, we could hike the tax to 5 cents per gallon to then provide $5 per barrow to our producers. I think only good would come from this; either OPEC/Russia cut back production (we keep shares) or oil/gas stay real low which would still be good for us.