I agree. If they did fail some aspect of the stress test, the fed will fix it and we won't hear a thing about it, except for the "all clear" once it's all good.
Pud, I think it's unfair that you take so much guff from everyone.
So, I thought I'd give you a chance to prove through first hand observation about the arctic ice thingy.
You'll be getting a round trip ticket to the arctic circle, along with a smart phone to take pictures and video's with.
Other provisions include a snowmobile suit, mickey mouse boots and some of those gloves with the electric heater in them, and of course a ski mask like the ones bank robbers use.
In the event that your food rations run out, you will also have at your disposal, a harpoon, a dingy, and a can of tartar sauce. That way you can at least get yourself a whale, which should sustain you for a while, and of course the tartar sauce will be brand name stuff.
I'll also throw in a scuba diving outfit, and that way if a polar bear charges after you, you can simply don the scuba gear, and dive down deep enough to be out of reach from the bear. Out running him shouldn't be an issue, as there isn't much ice left and chances are all the bears are floating on little ice bergs anyhow, so it shouldn't be a real concern.
Maine is divided fairly equal, with perhaps a better voting turn out for democrats when it comes to presidential elections.
However, there is a strong down east republican part of the population, as well as a considerable tea party element in Maine. Governor Lepage won re-election last fall, a very conservative republican.
I get a kick out of preachers, who think they are experts on "God", when after all, no one knows any more than the next person.
Back in the 80's and early 90's, businesses were sold on "customer service", they believed it was the best way to be competitive.
These days they're sold on "the bottom line" and cost cutting, only looking at the numbers on the computer screen.
It's all about profits on paper these days.
I've read the same stuff you've obviously read. I'm asking for specific examples of what you claim.
Also, where's the proof of price fixing?
If you think that's bad, look at silver! Down 5.5 %........
Silver is starting to look tempting here, but could go lower. Good place to add if you're dollar cost averaging bullion, and anything below $12/oz. would be load the boat territory, if it gets there. That would also be a good place to sell puts on the white metal.
I'll give you a chance to make your case.
Specifically, how did he destroy:
B. The middle class
C. The American dream
What were the executive orders, and how did they do these things?
Are you sure he's not just another run of the mill, Bush like president, bowing to the lobbyists such as the insurance companies and big oil?
Are those folks just as happy now as they were when we had G.W. Bush?
Sorry Pud, but it hasn't been warmer in the Northeast. It's been brutal cold, as you know, with an endless series of blizzards.
If this keeps up, we can save the polar bears by moving them to New England.
We could have a combination of cuts and a return to sensible taxation.
We could have work for welfare, and that's fine, but unless they reverse the Nafta gift to the rich (slave labor overseas, where there is not environmental legislation, either), then it's not fair to cut the nuts off the poor man,
Make decent work in the manufacturing space available once again, in the USA.
Yes, I did credit Clinton with signing Nafta, in my opinion, the major factor in the housing crisis. So, not partisan here....I think they're all putting the screws to us.
Brunt does not equal fair share. Too many loopholes. The 40% capital gains tax maximum of the late 90's did not prevent people from becoming filthy rich. The resulting bull market, a genuine bull market, more than offset the taxes they had to pay.
That bull was better than this latest one. We had deflation in commodities and cost of living and an inflation of asset values. And decent jobs in every sector, including manufacturing......anyone wanting to work could find something decent pre-Nafta.
What I wouldn't give to live those days again.
I've given you several thumbs up in this thread, not because I agree with you 100%, but for bringing a good topic front and center.
I think we should go back to that tax structure from the 90's that involved the balanced budget act, that eventually got past the gatekeeper Clinton.
And those tax rates were less favorable to the rich than what we have now, in one sense, but look at the economy we had......it was worth it to the rich.
Slow but steady wins the race, a concept the greedy to get "everything now" don't understand.
Which "Rich" are we talking about that pay taxes.
Buffet admits that he pays less taxes than the people working low level jobs in his businesses.
Many of our richest corporations dodge taxes by having their headquarters overseas, in addition to exploiting slave wages in places like China. Apple is an example of this.
How about the bankers that get free money via QE? So what if they pay taxes on their "profits", their "profits" are growing our debt!
If you're referring to the upper middle class when you say "rich", then I can somewhat agree with you there.
But as far as the truly rich are concerned, they've had it easy for the past fifteen years.
Before GW. Bush, they paid 40% capital gains, and managed to prosper just fine. No one was #$%$ during the Clinton years. But those policies that ran a balanced budget (with surplus), and were bringing down the debt, were abandoned forever.
Then again Clinton signed NAFTA......something no one talks about, but was just as instrumental in setting up the crisis as the loose banking regulations and tax reform from Bush.
Actually, it's not the "rich". Those people don't pay taxes either. It all goes on the debt, along with the cost of defense.....the two biggest expenses we have, are welfare and defense. And every day, the debt grows.
Also, there are two forms of welfare......one for the top 5% and another for the poorest Citizens.
I think the "rich" should be grateful.....and chip in their fair share...the middle class is shrinking and can't do it all by themselves.
Good to see you here Mr. Campbell, it's been a while.
When I play max pain, I always look at which strike has the most open interest. You have to keep an eye on it the day of expiration, because it can change during the course of trading, and there can be more than one opportunity on any given Friday.
There are those rare times when the MM's can't overcome the crowds, but they have a tendency to prevail.