People were penciling in deals on lunacy. Let them fail. That's capitalism.
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- Thread starter twenty02
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That’s going to depend a lot on the drug.
On new ones they’ve got R&D costs to overcome…and not just for the drugs that make it to market.
But nobody can argue that Pharma companies aren’t (mostly) very profitable.
Our big problem is subsidizing the free riders in other countries. Now that’s something Trump should use trade policies to remedy. Why should we be subsidizing them?
Just like we bailed out that tiny bank SVB over flawed assumptions and billionaire depositors, crypto crooks and foreign depositors receiving sweetheart deals from said SVB in exchange for the well known above $250k insurance limit. This is not a capitalist country. It's crooked capitalism.
Oh wait ... You're in commercial lending? Or a commercial broker? Either way I could see why you have the incentives. Nobody feasts on rate cuts like originators
There is a heck of a lot of self dealing going on in this regime. Much like the previous one but on steroids. In my mind anyone in elected office or employed by the govt should own nothing but 30 year Treasury bonds. And we should institute at least 10-20 years mandatory minimums for corruption. Possibly the death penalty. I would also significantly raise salaries for members of Congress.
I can’t disagree.
The bank took the risk. The depositors took the risk.
Why should anybody else foot the bill? I wouldn’t have a problem with selling higher limits of deposit insurance. Or they can use a service like InterFi to spread deposits across multiple institutions.
But that bailout (of depositors, not shareholders) was indefensible.
And, yes, I felt the same way about other bailouts in the 2008-9 period. All of them.
Taxpayers are not an insurance company against bad investment or financial decisions.
What happened was Cuban Sacks and I think maybe Ackman and Thiel were trying to ferment a national bank run that Monday on social media if they didn't get bailed out. I would not only have been okay with a declaration of martial law and their arrests, I would have supported it. They engaged in nothing short of open sedition.
There are very few capitalists in this country. It's a totally crooked country. The best thing you can is that we are just slightly less crooked than many other countries.
That would bankrupt the country. When Volker did it the debt to GDP was like 30%. It was 130% when Powell started raising rates in 2022.
They monetized the debt after WWII and they'll do it again. They're not making significant cuts to entitlements or raising taxes significantly to close the deficit. It's why I wouldn't count on your 3,000 call on the S&P. The monetary system must continue to increase the money supply or it will collapse. It's literally a Ponzi scheme🤷🏻♂️ And yes Bitcoin will continue to pump higher as more people understand what it is and trust it.
He’s claiming national emergency authority. He must be reined in.
Whoa, whoa whoa...
I'm simply trying to provide reasonable financing solutuons, for workforce housing providers, where the incentives promote further investment.
If you hate guys like me working for affordable housing for the American middle and lower class workforce, don't take it out on me. I'm just trying to make a living. My "clients" don't really rely on the DJIA for their quality of living.
Drug costs are another thing that has been artificially increased….why? People do not pay in real time. Eliminate PBMs and make people pay upfront and submit to insurance for reimbursement. Price will decrease drastically
So true....In 2008 I had the gut feeling that things were going bad and pulled my 401K completely out of the market.
Just shows how stupid our congress can be.
Is that really feasible for most people?
I picked up a script for a family member last week, they had not run it for insurance and retail price was like $190. After they reran it through insurance it was $14.
You saying the $190 would drop to what out of pocket, up front?
The question is if we start making deals left and right or if this is a long trade war. If the latter this will get ugly in the coming months. The former and we might make a new all time high before the ponzi collapses from itself.
Agree 100 percent. That is what makes things so unpredictable at the moment. Deals may start rolling in and we turn the corner with only this slight but quick correction. Or this may drag out for months.
The other variable is Trump himself. He may wakeup one morning and decide to change his demands again. Would anyone be surprised?
Yep. And there are constantly conflicting messages... Some in the admin say it's a negotiating position to get better trade deals (Bessent, etc) Others say it's a permanent/long term policy to support domestic manufacturing (Navarro, etc).
Trump has said both depending upon the hour.
They don't seem to have even solved this argument within the admin. So not sure how anyone could do anything but guess.
Is the messaging truly “conflicting” as you portray it or just inconsistent? Are the reasons given diametrically opposed that both/multiple/either can’t be true based on context, etc? Every time it’s brought up should there be a comprehensive list of features & benefits given?
Deals with the EU, Japan, SKorea, etc will all likely be done soon. China will be the one to hold out and Trump and Bessent aren't going to budge on that.
Probably somewhere between conflicting and inconsistent, honestly.
But it matters greatly to the market, which one it is.
If it's just tariffs then it's not that bad and should be over by the end of the year. If it's more than that, it's most likely DOD driven and we're resetting the global monetary system.
It would not be $190. We have artificially increased the cost. I saw it in real time. The drug companies and pharmacies are in the business of selling products. They would not price themselves out.
I think we can say the same things for a lot of services. What would the price be if you had to pay in real time? If we didn’t use a credit card but had to actually pay for the service at the time with currency we currently had in our possession.
Prices would go down considerably
To your question about the medication cost…I’m not sure what product you are referring to and I guarantee the pharmacy received no where near the $190
Exactly I know. It's such a black box from the consumer side.
Well look at that market. Not what the we want Trump to fail crowd was looking for.
You're an idiot if you think people were hoping Trump would tank the stock market and it would keep going down.
Man, you're dumb.
Trump should have scheduled an address to the nation and explained what it was he was going to do and why it was necessary, talking about the risks and why it was worth it. Remember when Presidents did that?
I can tell you are no market historian. High volatility is a negative indicator.
The largest green days throughout history are always in bear markets. Early 1930s, 1987, 2008, etc had the largest % up days in market history.
Maybe you can put that in your newsletter
I know it wouldn't have mattered to myself. They have been going on for months that they were going to enact tariffs. My dumbass listened to 3 different interviews and probably a dozen clips of Bessent telegraphing exactly what they were going to do and I pulled very little out of the markets. Murt has a better pull out game.
It’s quite a leap from I don’t care for Trump to I hope my life savings gets destroyed. It’s a little peak into how the hardcore MAGA see the world.
Agreed.
Although YMMV with different people. I had dinner just last night with a guy who is in educational research. So is his wife. She was just furloughed via DOGE cuts and his main project, that he's been working on for three years, was cut as well. Yale educated economist, very smart if somewhat socially awkward. At one point, he started very excitedly saying it was possible for Dems to win the House and Senate in two years, taking a seat or two from Texas or Nebraska. I was skeptical that could happen, and he enthusiastically replied "but we're heading for recession and stagflation. That is a great motivator!" When I said, "well, then I hope the Republicans keep Congress" he looked flummoxed. It took him a few seconds to realize the implication of his statement, and said "well obviously I don't want any of that to happen." It wasn't so obvious, though.
Same goes for the Right, by the way, with Biden. Tribes root for the other tribe to fail, sometimes even to cut off their own nose. Weird.
No. The people that didn't like Trump didn't want him anywhere near the White House to begin with.
You can thank MAGA for this ****show.
So if I rob you of $100 three days in a row, then on day 4 I give you back $50, we'd be all even?
