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Reading the article, I am reminded what a socialist SOB he really is.
I spent some time hunting with a Bond Market wizard last week and he was quite excited about Trump's win and the next four years (at least) of prosperity.
The guy I was around has been in this business for about forty years and knows his stuff.
To Hell with Bill Gross.
Ed
"Not in an open forum, where truth has less value than opinions, where all opinions are equally welcome regardless of their origins, rationale, inanity, or truth, where opinions are neither of equal value nor decisive." Ken Howell
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the consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of that ruin which has overwhelmed all those that have preceded. Robert E Lee ~Molɔ̀ːn Labé Skýla~
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Campfire Ranger
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So, the last 8+ years HAVE been good for middle America?
FJB & FJT
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According to Bill Gross it is better than what we can look forward to. Marxist SOB... (Bill Gross, not you Raeford! ) Ed
"Not in an open forum, where truth has less value than opinions, where all opinions are equally welcome regardless of their origins, rationale, inanity, or truth, where opinions are neither of equal value nor decisive." Ken Howell
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Campfire Ranger
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Campfire Ranger
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This is the NYC that Cruz referenced during the primaries.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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"His tenure will be a short four years but is likely to be a damaging one for jobless and low-wage American voters."
Because jobless and low wage workers are where they are because they lack training, education or motivation to get a better job, not because of anything Trump will or won't do.
Keep in mind that all the stimulus spending under Obama only stimulated bank bond holdings and financial instruments, i.e. the stock market but did little to foster actual economic activity. The Keynesian model of priming the economic pump with trillions in deficit spending is dead, but that still leaves us trillions of dollars that have been sitting on the sidelines for years. With a pro-business President in the Oval Office, we could very well see an unprecedented economic advance in this country - much like we had when President Reagan took over from the Peanut Farmer.
The Reagan driven stock market surge lasted from 1982 to 2000, I can include that entire time frame because old Billy Bob Clinton, despite one small tax increase, continued Reagan's economic policies for the duration of his administration.
From 1982 to 2000 the stock market rose eight fold. For Trumps EIGHT YEARS IN OFFICE I predict a similar if not greater rise in the Dow Jones Industrial Average and Donald Trump will go down as one of the greatest presidents in U.S. history!
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Campfire Ranger
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So, the last 8+ years HAVE been good for middle America? the problem is that the Urth is too small for all the socialists that have clumb on board. they can't no body have any hope of fixin' it until we blow up the earth and make it at least four times as large (big) as it is now. all the rest is poppycok. we've got 20 trillion in debt we got to store somewheres. maybe some in the antarctic and some in the arctic? now, that might work?
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Campfire Ranger
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Campfire Ranger
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Everyone in America is exactly where they choose to be financially. My dad taught me that many decades ago.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Read the article late last night. Gross makes a point about repatriating all the money corporations are holding off shore saying that when given a tax holiday in the past it didn't help much. But there wasn't nearly as much money off shore as there is now. Plus, repatriating that money could be tied to job creation--more jobs could equal a lower tax rate for the companies. Then he goes on to say companies are "overleveraged". At the very least any money coming back to America could be used by that company to deleverage itself. But......if Gross is so smart where was he in 2008? Predicting the market blowup and meltdown of banks? I sure don't recall anything. Gross is a money mover--that's it. I'm not aware he has ever created a job, manufactured a widget, or built anything of substance. In the end, he is only slightly more aware than a Hollywood movie star in his little world of Wall Street, and has about as much credibilty as an ABC News Presidential Poll....... Casey
Casey
Not being married to any particular political party sure makes it a lot easier to look at the world more objectively... Having said that, MAGA.
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Which means Bill.....is gonna get p h ucked!!
Even birds know not to land downwind!
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Campfire 'Bwana
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Campfire 'Bwana
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Bill Gross is a putz. His "insight" has always been after the fact.
As far as where was he regarding 2008? Helluva good question. My brother would like to know, too. (huge Janus holder then)
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Bill Gross is one of those people who has never really done anything well, but has done everything very *LOUDLY*. PIMCO basically didn't outperform buying and holding T-Bonds over his tenure, but somehow he's a hero? In his own mind certainly.
His biggest success was buying Fannie Mae and Freddie Mac mortgage bonds at discount rates, and then pressuring Obummer into paying them off at face value by nationalizing Fannie and Freddie. That's some grade A swamp thing behavior right there.
And of course there's the fact that the size of his business is fundamentally related to U.S. indebtedness. Trump is by definition his enemy.
Last edited by Llama_Bob; 11/16/16.
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Campfire Tracker
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So, the last 8+ years HAVE been good for middle America? My sentiments exactly.
When its time to fight, you fight like you are the third monkey on the ramp to get on Noah's Arc... and brother, it is starting to rain!
The chair is against the wall.
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Campfire Tracker
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"His tenure will be a short four years but is likely to be a damaging one for jobless and low-wage American voters."
Because jobless and low wage workers are where they are because they lack training, education or motivation to get a better job, not because of anything Trump will or won't do.
Keep in mind that all the stimulus spending under Obama only stimulated bank bond holdings and financial instruments, i.e. the stock market but did little to foster actual economic activity. The Keynesian model of priming the economic pump with trillions in deficit spending is dead, but that still leaves us trillions of dollars that have been sitting on the sidelines for years. With a pro-business President in the Oval Office, we could very well see an unprecedented economic advance in this country - much like we had when President Reagan took over from the Peanut Farmer.
The Reagan driven stock market surge lasted from 1982 to 2000, I can include that entire time frame because old Billy Bob Clinton, despite one small tax increase, continued Reagan's economic policies for the duration of his administration.
From 1982 to 2000 the stock market rose eight fold. For Trumps EIGHT YEARS IN OFFICE I predict a similar if not greater rise in the Dow Jones Industrial Average and Donald Trump will go down as one of the greatest presidents in U.S. history! Ah Walt, you promised to not hit the crack pipe so much. Easy now. I am in agreement with all the above.
When its time to fight, you fight like you are the third monkey on the ramp to get on Noah's Arc... and brother, it is starting to rain!
The chair is against the wall.
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Clearly most of you punks didnt read the article
Bills on the Money ! Ill make it real easy for you, heres the nub of what the he states will occur
For example, Republican pleas for tax reform are centered around the argument that America has one of the highest corporate tax rates in the world at 35%. Not so. Of the S&P 500's largest 50 corporations, the average tax rate (including state, local and foreign regulations) is 24%. U.S. corporations rank among the world's most lightly, as opposed to heavily, taxed. Trump policies also appear to favor the repatriation of trillions of dollars of foreign profits at extremely low cost under the logic that the money will be spent for investment here in the U.S. Doubtful. The last time such a "pardon" was put into law in 2004, no noticeable pickup in investment took place. Of the $362 billion that earned a "tax holiday", most went to dividends, corporate bonuses, and stock buybacks.
Religion is what keeps the poor from murdering the rich !
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Campfire 'Bwana
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Campfire 'Bwana
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I watched he interview, and Billy is still wrong.
It looks like he's letting his politics cloud his investing judgement.
Time to short Janus Capital (JNS).
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Campfire 'Bwana
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Campfire 'Bwana
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yet another IDIOT!! They're having baby idiots!!
Proud to be a true Sandlapper!!
Go Nats!!!!
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Campfire 'Bwana
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Campfire 'Bwana
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Clearly most of you punks didnt read the article
Bills on the Money ! Ill make it real easy for you, heres the nub of what the he states will occur
For example, Republican pleas for tax reform are centered around the argument that America has one of the highest corporate tax rates in the world at 35%. Not so. Of the S&P 500's largest 50 corporations, the average tax rate (including state, local and foreign regulations) is 24%. U.S. corporations rank among the world's most lightly, as opposed to heavily, taxed. Trump policies also appear to favor the repatriation of trillions of dollars of foreign profits at extremely low cost under the logic that the money will be spent for investment here in the U.S. Doubtful. The last time such a "pardon" was put into law in 2004, no noticeable pickup in investment took place. Of the $362 billion that earned a "tax holiday", most went to dividends, corporate bonuses, and stock buybacks. You have again skewed your numbers, but I'll leave that part alone. How the phuogk you think repatriation of funds is a bad thing is beyond logic. Now you and your boyfriend go back to your safe place with your diaper pins in your asses.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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IIRC, several folks I know lost their butt with Janus. just sayin.
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And you can take the word 'punk' and stick it up your egotistical liberal azz!!
Even birds know not to land downwind!
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Clearly most of you punks didnt read the article
.. Of the $362 billion that earned a "tax holiday", most went to dividends, corporate bonuses, and stock buybacks. Large American corporations stationed offshore in developing economies, have borrowed mountains of low interest US credit to fund stock buybacks. Trumps economic model will likely cause interest rates to rise by all indications, thus punishing & debilitating US companies Trump is intending to rely on for his national economic plan. If Trump was genuine , he would repatriate back to the US, all his wealth he has invested in foreign countries.
-Bulletproof and Waterproof don't mean Idiotproof.
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Campfire Savant
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Two camps roughly in this country
Dem/socialist give us bigger govt that ensures we tax the wealthy ever more
Rep/conservative less govt more of an individuals wealth belongs to them
One of those models produced the greatest economy the world has ever seen where you literally have people risking their lives to become a part of that economy
The other has Europe on the brink of insolvency
Pretty easy to see where the op aligns himself
Last edited by 2legit2quit; 11/18/16.
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
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Campfire Ranger
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Campfire Ranger
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Clearly most of you punks didnt read the article
.. Of the $362 billion that earned a "tax holiday", most went to dividends, corporate bonuses, and stock buybacks. Large American corporations stationed offshore in developing economies, have borrowed mountains of low interest US credit to fund stock buybacks. Trumps economic model will likely cause interest rates to rise by all indications, thus punishing & debilitating US companies Trump is intending to rely on for his national economic plan. If Trump was genuine , he would repatriate back to the US, all his wealth he has invested in foreign countries. "Investing in business'" in foreign countries is NOT quite the same as hiding monies/profits there for the sole purpose of paying a lower tax rate. Monies/profits that were made in the U.S. and are sent overseas are done due to OUR high tax rate, so those corps really can't be blamed either. But I wouldn't expect 'some' to understand this.
FJB & FJT
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This is the NYC that Cruz referenced during the primaries. Don't know what you mean by this. Gross is not from NY. Most of his career has been spent in California. Come to think of it, not that much different from NY!
The biggest problem our country has is not systemic racism, it's systemic stupidity.
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Bill Gross is a putz. His "insight" has always been after the fact.
As far as where was he regarding 2008? Helluva good question. My brother would like to know, too. (huge Janus holder then) Not defending Gross, but he was not with Janus in 2008. He founded Pacific Investment Management and was there until 2014, when he was forced out. He was allegedly very difficult to work with/for.
The biggest problem our country has is not systemic racism, it's systemic stupidity.
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