Posted by DigiNomad on 25th of Oct 2023 at 03:56 pm
GDP before the open tomorrow - watch out if it comes in above
the estimate of 3.8. The whisper I'm hearing is solidly above
4 which I think would push the market past this support level.
We're essentially in an EPIC battle between the drunken
sailors in the White House and Congress vs the Fed. Drunken sailors
have clearly been winning major battles, but the Fed is likely to
win the war....it's just a matter of how far the drunken sailors
decide to make them push.
just wanted to say that FED was also with drunken sailors with
their massive QE even when CPI was well above 4%. Also, wanted to
make the distinction between spending for investment (i.e.
infrastructure/semis manufacturing etc.) versus spending for
consumption (Covid era payments).
Posted by DigiNomad on 25th of Oct 2023 at 04:19 pm
Have you looked at the details on the "infrastructure" bill?
What they call infrastructure in many cases makes the
"inflation reduction act" look like a intellectually honest name
for a bill.
Posted by DigiNomad on 25th of Oct 2023 at 04:25 pm
Suggest look more closely. Yes, all those items are
included....in VERY small percentages of the total bill (I think
bridges are 2% of the total, but it's a stale memory at this
point). They managed to label just about any Democrat social
program wish list item as "infrastructure" and stuffed it in
that bill. For example, I think child care is a problem that
needs attention, but calling it infrastructure is a stretch, at
best (especially if you're using words to honestly decribe to the
American public what they are paying for instead of trying to get
what you want through deceptive labeling).
Posted by timebandit on 25th of Oct 2023 at 04:29 pm
It may be full of pork, but it will bring fiber internet service
to pretty much every address in our rural county. In my opinion,
that is an excellent infrastructure expenditure
Posted by DigiNomad on 25th of Oct 2023 at 04:35 pm
Could have bought Satellite internet access for the RELATIVELY
few people that need internet in the boonies and saved a TON of
money compared to running fiber to those locations, which would
leave money for other things, like child care.
If "Amtrak" is part of one of your nicknames, you might be
too old to run the largest economy in the world. Just sayin.
Posted by DigiNomad on 25th of Oct 2023 at 04:31 pm
Would have been great 20 years ago. Like always with the Gov, by
the time it's completed it will be archaic technology and therefore
a waste of money on a comparative basis (ask Elon Musk about
this specific example)
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GDP before the open tomorrow
Posted by DigiNomad on 25th of Oct 2023 at 03:56 pm
GDP before the open tomorrow - watch out if it comes in above the estimate of 3.8. The whisper I'm hearing is solidly above 4 which I think would push the market past this support level.
We're essentially in an EPIC battle between the drunken sailors in the White House and Congress vs the Fed. Drunken sailors have clearly been winning major battles, but the Fed is likely to win the war....it's just a matter of how far the drunken sailors decide to make them push.
just wanted to say that
Posted by coolhat on 25th of Oct 2023 at 04:15 pm
just wanted to say that FED was also with drunken sailors with their massive QE even when CPI was well above 4%. Also, wanted to make the distinction between spending for investment (i.e. infrastructure/semis manufacturing etc.) versus spending for consumption (Covid era payments).
Have you looked at the
Posted by DigiNomad on 25th of Oct 2023 at 04:19 pm
Have you looked at the details on the "infrastructure" bill? What they call infrastructure in many cases makes the "inflation reduction act" look like a intellectually honest name for a bill.
did not look at it
Posted by coolhat on 25th of Oct 2023 at 04:22 pm
did not look at it closely - but saw outlays for roads/bridges/airports/seaports/electric transmission etc.
Suggest look more closely. Yes,
Posted by DigiNomad on 25th of Oct 2023 at 04:25 pm
Suggest look more closely. Yes, all those items are included....in VERY small percentages of the total bill (I think bridges are 2% of the total, but it's a stale memory at this point). They managed to label just about any Democrat social program wish list item as "infrastructure" and stuffed it in that bill. For example, I think child care is a problem that needs attention, but calling it infrastructure is a stretch, at best (especially if you're using words to honestly decribe to the American public what they are paying for instead of trying to get what you want through deceptive labeling).
It may be full of
Posted by timebandit on 25th of Oct 2023 at 04:29 pm
It may be full of pork, but it will bring fiber internet service to pretty much every address in our rural county. In my opinion, that is an excellent infrastructure expenditure
Agreed making it available is
Posted by rbreese on 25th of Oct 2023 at 04:32 pm
Agreed making it available is wonderful but here in Virginia it will be 200 monthly which is out of the reach of many.
Could have bought Satellite internet
Posted by DigiNomad on 25th of Oct 2023 at 04:35 pm
Could have bought Satellite internet access for the RELATIVELY few people that need internet in the boonies and saved a TON of money compared to running fiber to those locations, which would leave money for other things, like child care.
If "Amtrak" is part of one of your nicknames, you might be too old to run the largest economy in the world. Just sayin.
Comcast put in ground lines
Posted by rbreese on 25th of Oct 2023 at 05:01 pm
Comcast put in ground lines in our community and offered half price for a year.
Would have been great 20
Posted by DigiNomad on 25th of Oct 2023 at 04:31 pm
Would have been great 20 years ago. Like always with the Gov, by the time it's completed it will be archaic technology and therefore a waste of money on a comparative basis (ask Elon Musk about this specific example)