Revi wrote:Neither party has figured out how to get off the hamster wheel of stimulus. I'm not sure we want them to.
https://www.gobankingrates.com/money/economy/effect-stimulus-checks-on-inflation-overall-economy/
Revi wrote:Neither party has figured out how to get off the hamster wheel of stimulus. I'm not sure we want them to.
https://www.gobankingrates.com/money/economy/effect-stimulus-checks-on-inflation-overall-economy/
vtsnowedin wrote:In regards to the money supply there is another generator of wealth seldom considered and that is the paper wealth or potential wealth of stock prices.
Consider yesterday's activity with Apple one of the largest corporations in the world. It closed yesterday at $149.48 per share up just 22 cents per share for the day with 61.42 million shares being traded yesterday.
But there are 16.5 Billion shares of Apple stock out there so just 0.0037% of that total was traded for 9.1 billion dollars of new money.
At the same time the other 99.9963% went up in potential value 22 cents per share for a total of 3.6 billion$ of money that has never actually existed and really only exist as long as the stock price of Apple stays at $149.48 or higher.
Now consider all the stock market and the shares that were net positive for the day. The S&P 500 index was up 0.30% so with it's market Cap. of 38.23 Trillion that was a creation of new wealth(money) of 11.5 billion on a slow day.
Revi wrote:Very interesting point by vtsnowedin. The whole economy is a big ponzi scheme. It started with the Dutch and their tulip bulb booms. Followed by all sorts of manias and busts. It's going to come crashing down, but the markets can remain irrational longer that we can remain solvent. (paraphrasing)
Newfie wrote:VT,
Displaying my ignorance here.
Where do you easily come up with those “book value” numbers?
I think you and I are saying something similar, and thanks for your explanation. It gave me some additional insight into what I was trying to say.
Market Cap $1.40B $1.57B
P/E (Trailing Twelve Months) 10.18 21.54
P/E (5-Year Average) 18.27 62.98
PEG Ratio (5-Year Projected) -- 1.92
--
Enterprise Value $1.23B $13.06B
Price/Cash Flow (Most Recent Quarter) 6.79 8.49
Price/Cash Flow (TTM) 8.38 14.18
Price/Sales (Most Recent Quarter) 1.75 3.74
Price/Sales (TTM) 2.00 3.79
Price/Book 5.02 10/22/2021 9.62
Book Value 18.14 06/30/2021 10.51
Plantagenet wrote:One of Biden's big campaign promises was to return "civility" to politics.
But that isn't working out so well....
Biden-s-critics-hurl-increasingly-vulgar-taunts
Its hard to miss the thousands of people at football games chanting "#$%$ Joe Biden #$%$ Joe Biden" on live TV.
The lack of civility is part of the culture now.
Cheers!
Revi wrote:Plantagenet wrote:One of Biden's big campaign promises was to return "civility" to politics.
But that isn't working out so well....
Biden-s-critics-hurl-increasingly-vulgar-taunts
Its hard to miss the thousands of people at football games chanting "#$%$ Joe Biden #$%$ Joe Biden" on live TV.
The lack of civility is part of the culture now.
Ohmigosh......Biden is the target of vulgar taunts! How uncivil!!!
Cheers!
That's for sure. It seems like the Trumpers are really into yelling. They are probably happy to have someone to blame it all on.
Plantagenet wrote:
Already VP Camela Harris is making uncivil moves to undermine Joe and boost her own visibility and the Ds in Congress are personally attacking each other in most uncivil ways.....how much longer until the entire D party breaks into uncivil efforts to force Joe out of office?
Cheers!
vtsnowedin wrote:Newfie wrote:VT,
Displaying my ignorance here.
Where do you easily come up with those “book value” numbers?
I think you and I are saying something similar, and thanks for your explanation. It gave me some additional insight into what I was trying to say.
It used to be you could subscribe to, or go to the library and read, the S&P's stock guide that had all their stocks listed with that information and much more. Today that has gone away or at least online to where I can't find it.
For individual stocks I go to my Fidelity account and research it's page then scroll down to "Key statistics" It pulls up a page that shows : For Ruger:Market Cap $1.40B $1.57B
P/E (Trailing Twelve Months) 10.18 21.54
P/E (5-Year Average) 18.27 62.98
PEG Ratio (5-Year Projected) -- 1.92
--
Enterprise Value $1.23B $13.06B
Price/Cash Flow (Most Recent Quarter) 6.79 8.49
Price/Cash Flow (TTM) 8.38 14.18
Price/Sales (Most Recent Quarter) 1.75 3.74
Price/Sales (TTM) 2.00 3.79
Price/Book 5.02 10/22/2021 9.62
Book Value 18.14 06/30/2021 10.51
Thanks, Ken, for sharing a GREAT watch. I am guilty of a lot of what Bill Maher was pointing out, i.e. being glad that COVID deniers dying off were diminishing the Republican voter base.
Hate is easier to do than love. We all must try harder to avoid the former and embrace the latter.
Newfie wrote:Here is a peek into why I am so very disappointed in my Lefty friends.
Just a bit if a shared email thread, the original is about some video I have not seen. I think it was called “Time for a National Divorce.”
Thanks, Ken, for sharing a GREAT watch. I am guilty of a lot of what Bill Maher was pointing out, i.e. being glad that COVID deniers dying off were diminishing the Republican voter base.
Hate is easier to do than love. We all must try harder to avoid the former and embrace the latter.
Revi wrote:Those trumpeters are pretty easy to dislike. They're disrupting school board meetings and making life miserable for a lot of people.
Revi wrote:Newfie wrote:Here is a peek into why I am so very disappointed in my Lefty friends.
Just a bit if a shared email thread, the original is about some video I have not seen. I think it was called “Time for a National Divorce.”
Thanks, Ken, for sharing a GREAT watch. I am guilty of a lot of what Bill Maher was pointing out, i.e. being glad that COVID deniers dying off were diminishing the Republican voter base.
Hate is easier to do than love. We all must try harder to avoid the former and embrace the latter.
Those trumpeters are pretty easy to dislike. They're disrupting school board meetings and making life miserable for a lot of people. They're like the schoolyard bullies, but in the middle of a pandemic they refuse to abide by any commonsense measures. It's fun to pick on Joe and the democrats, but what we're in is a crisis caused by peak oil and a virus. If another wacko gets elected it could be worse. I know that this is the hate on Democrats thread, but we know what's really going on.
https://www.npr.org/2021/10/21/1047334766/school-board-threats-race-masks-vaccines-protests-harassment
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