.
- Thread starter SoapyCy
- Start date
That’s by the end of this week at this rate. I’m recalculating way lower for my buy point.
You have to define absolute mobility vs. relative mobility. You are defining relative mobility. In other words - ability to move up in terms of percentile. Keep in mind that of course means the higher percentage of relative upward mobility means it is also easier to drop in terms of percentile. Which I suppose is probably signs of being more merit based. But even when you look at that, compared to other high income countries like Western Europe and Canada, the US is on the low end of those, but they are all relatively close together. For example I believe moving up from the bottom quintile or quartile ranged for all of those countries between something like 26-33%. The US being at the bottom, but that's really not that big a difference.
Yes it is more difficult than it was, and more difficult relative to other high income nations, and yes there are policies that could and should be enacted to boost those odds of mobility across income levels. But the US is not all that out of line with comparable countries.
This slow motion shut down of the country has to be killing the markets. Just when you think this is it, another state takes it one step further.
Washington state was the first to report a case and were about 3-7 days (going off memory so don't take that as a truly accurate range) ahead of the rest and they look to have turned the corner. Hopefully that means we are getting there.
been buyin on the way down, feel like the floor is much lower than maybe we thought a week ago.
Those stock buybacks were not truly investing in the business to grow the business. Those purchases were made to prop up share prices and then they gave big bonuses to CEO’s and shareholders. That is a terrible business practice.
And now those businesses, after a massive tax cut, want a bailout? If the government is going to bail them out then the government should get the portion of the business in shares that they are giving the company. The equity of the company can be put up against the loan of money given, to be paid back with interest. Don’t like the terms, then piss on them. But no bailout of just giving these greedy ass companies money. And CEO and executive pay will be limited. No more of that massive salary and bonus BS.
Just don't give it to them, and the government has no authority to demand shares.
We are not even testing people yet, we are not getting there.
I don’t think the sources he uses for information let him know we still don’t have wide spread testing availability yet.
I'm gone for a few months and you joined the Tea Party? I posted this somewhere but OPEN market stock buybacks should never have been allowed. But then again we have tons of problems with clearing and short sales also not clearing.
So the us is at the low end amongst other peer nations, and it’s harder than ever, and there are things we could do to help, but it’s what it is?
just confirming that i understand what it is you were trying to say.
