conceding defeat

[FlyerInHi]

Shoveler,
I think the high speed train is not a bad way to develop the interior of California, maybe all the way down to San Bernardino.

That’s what china did with infrastructure. If you go to the second and third tier cities, you see awesome infrastructure. If I recall, China’s GDP was $400 billion in 1989 and now stands at $14 trillion. Real wealth, not fake.

[livinincali]

[quote=The-Shoveler]Yep, kind of looks like the 2000 blow off a little,

But I think the main difference is the record amount of money sitting on the side lines.

Maybe the market is pricing in all that infrastructure spending.

Not saying it is going to happen but what if after 4 years the DOW is at 35K etc…?[/quote]

Why do people keep bringing on this money on the sidelines fallacy. If there’s 2 trillion dollars out in the economy somebody has to hold them at any given time on the sidelines. If that number goes up to 3 trillion then there’s 3 trillion on the sidelines. There’s record money on the sidelines because there’s record money in the economy. This isn’t a reason for the stock market to keep going up.

[The-Shoveler]

Maybe., but besides something horrible (like WAR etc..)
I do think it mitigates the downside.

Anyway IMO.

[FlyerInHi]

The stock market represents the connected, international creative classes of the world’s top metro areas. An economic system that transcends borders and interlinked by the global supply chain. So expected lower US taxes is good. Trade wars or a disruption in the supply chain or movement of money would be bad.

So far the business community is expecting lower taxes. They don’t think Trump will start trade wars.

[Coronita]

[quote=spdrun]Higher it goes, the harder the crash. Wonder if lots of small-time Trumpet investors are buying now — if they lose their retirement savings, the 2018/20 elections will be blue as the sky.[/quote]

Trumpists looking for those manufacturing jobs in those rust belt states probably aren’t really affected by the stock market. When you are desperately looking for a job because.your factory has closed for years, I doubt the first thing that comes to mind is how well or not well the stock market is doing…

This is the entire irony of the situation we are in. What is happening benefits the net wealthier…Even all the folks who don’t really like Trump.

[spdrun]

Negative to profiting off police overreach.

I’d sooner buy the home of an ICE agent who got into some deep trouble 🙂 And happily buy a home of a Trump supporter affected by high interest rates and rent it to immigrants.

I dislike authority too much to want to profit from their abuses. And I prefer most immigrants to locally-born Americans, less of an entitled, provincial attitude.

As far as the Trumpets whom I’ve met, a lot of them aren’t unemployed. They’re employed and whine about having to pay taxes to support those pesky blacks and immigrants (they think that “those people” get everything for free), and are deathly afraid of losing their children in a terrorist attack. In their eyes, the people who protest police brutality are rioters and children who should respect authority more.

[FlyerInHi]

An H1B from Bangalore working in California is more likely to own US stocks than a Trump supporter in Ohio.

When the Indian guy goes home, he will continue to trade US stocks and belong to the global creative class.

Spdrun, i agree that Trumpists are entitled whiners. i used to feel compassion for them and understand their grievances, but not anymore after they voted for Trump. Trump can take care of them.

[flyer]

I understand why people are focused on the Trump whiners, but most of the whiners we’ve encountered over the past several years actually seem to be from both sides of the aisle.

It seems this group of whiners either can’t afford to stay in CA when they retire (and these are/were educated people of all ages making big bucks) and/or their kids can’t get the jobs they want or buy a house in CA. Different problems, different issues, same whining.

[Anonymous]

I agree.

The only thing worse than an whiner is a braggart.

[flyer]

Actually, I can think of far worse things than either of the above, but the only intention of my previous post was to mention that, from the people I’ve talked to on both sides of the aisle, it’s clear there are a lot more whiners out there other than just “Trumpists.” Looking forward, perhaps, one day, we will find that whining is actually a nonpartisan activity, and that does at least give us some hope.

[FlyerInHi]

Whining generally is non partisan. I don’t mind whiners who are consistent whiners. It’s ok gripe about inequalities or unfairness.

But whiners who contradict themselves all the time are losers. For example, some people bitch about not being able to afford to live in California. They bitch that immigrants are lazy and ruining the state. Well, immigrants can afford to live in California… they manage which makes them hard workers; more resilient and hardworking than the whiners.

The whiners who look for that other to demonize should called upon and made to feel like losers.

[Anonymous]

Anybody that is less successful than me is a whiner.

[flyer]

[quote=FlyerInHi]Whining generally is non partisan. I don’t mind whiners who are consistent whiners. It’s ok gripe about inequalities or unfairness.

But whiners who contradict themselves all the time are losers. For example, some people bitch about not being able to afford to live in California. They bitch that immigrants are lazy and ruining the state. Well, immigrants can afford to live in California… they manage which makes them hard workers; more resilient and hardworking than the whiners.

The whiners who look for that other to demonize should called upon and made to feel like losers.[/quote]

I’ve seen many boom and bust cycles in CA, and whiners seem to vary depending on which industries are booming and which are declining at any given time in the state.

Of course those whose industries are booming at the moment are not whining right now (I’m sure those whose industries were booming in the past weren’t whining then either)–but, nothing lasts forever, so if/when certain industries go bust–as we have seen happen many times before–I think you’ll see a whole new set of whiners emerge when their services are no longer needed–just as we have with those who came before them. In an at-will employment state like CA, there are no guarantees.

[FlyerInHi]

Flyer, you make a good point about the boom and bust cycles.

Good financial and life management is investing the resources from the peaks to smooth out the valleys.

It’s really not forgivable for people of means and privilege to whine when other people make do fine.

The Trump supporters had it good during the industrial era. They didn’t “save” and build their human capital by investing in themselves and the education of their children for the Information Age. So they weren’t able to seamlessly join the creative class.

People bitch about the decline of the White middle class. But they always had the voting power and therefore the resources of the state (as evidenced by Trump’s election). So why are they in the rustbelt and not in Silicon Valley or New York?

They bitch about immigrants, skilled and low-skilled. But they won’t get off their asses to acquire the top skills.

I would posit that they are in their predicament because they arent that bright and they voted for the wrong policies, policies that worked against their own interests. So they bear responsibility for their shit.

I’m being more than a little facetious and I know it’s a lot more complex than that. But people who espouse simplistic ideas of personal responsibility and bootstrapping with a good dose of nationalism should really apply those virtues to themselves.

[flyer]

Understand your thoughts, but whether people are educated or uneducated, dwell in the rustbelt or Silicon Valley, in the final analysis, imo, the survival of individuals and families boils down to net worth–regardless of political affiliation.

To that point, when you see stats that indicate only 9 percent of ALL US households have a net worth greater than $1M, and that the median net worth for ALL families in the US went from $102,500 in 1998 to $81,200 in 2014–and I won’t even get into the retirement savings stats–it’s crystal clear than far more than one particular demographic have some major life and financial challenges ahead.

[Author]

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