That is just a distribution center though.. basically huge warehouses they build in the cheapest places they can to move product all over so those wil not be in prime real estate areas. Just need a highway, road and airport within an hour.
AOC - can she get any dumber
- Thread starter gwb-trading
- Start date
That is just a distribution center though.. basically huge warehouses they build in the cheapest places they can to move product all over so those wil not be in prime real estate areas. Just need a highway, road and airport within an hour.
That and whoever owns the land beneath those shanty's has probably gotten greedy and turned down at least 3 offers from AMZN. You can bet your life on that one.
As I have been saying all along to those Fox viewers who want to convince you AOC runs the party and is the voice of the democrats, this letter proves that AOC has no pull at all and Nancy runs the show...
you are welcome
Fox needs a reason to show pictures of a young, attractive woman because their viewers are perverts.
OTJust be careful if she says she wants to come by for fun and bring some of her girlfriends with her. Sometimes it is not as good as it sounds.
Just lookin' out for you.
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(sort of)
When you have a minute... what's your best guess as to how this week is gonna play out regarding the debt ceiling, the two bills, etc? Are we gonna shut down Friday? And if so what's that mean? I heard some expert saying that will affect credit cards, home loans, auto loans... hows that work?
Oh, that's a huge discussion. Ultimately it would affect all of those things simply because our credit risk would rise to all the foreign - for example- entities that buy our treasury bonds and finance the country and because the Treasury re-lends down the food chain to all our domestic businesses they have to pass along the increased interest they are paying based on perceived credit risk from defaulting or coming close, etc.
We are not going to ultimately default- I mean in a way that ends out stiffing someone versus something that gets patched up if deadlines are passed- but the game of playing chicken will be extreme this time around because of the size of the crockulus bills, because there is sooooooo much in them unrelated to stimulus even based on DC standards of pork add-ons, because this is Biden's centerpiece legacy item, ditto for the progressives, etc, etc.
The other pisser is that it is double-edged sword where we take a credit hit if we don't pass anything and default even temporarily, but the frigging 3.5 trillion dollar bill is soooo big that we are at risk of taking a credit hit just by taking that burden on. And then inflation playing in the immediate background already putting pressure on rates.
It's DC. Ultimately something will get passed that is less than what is proposed.
And I say again that "it's DC" because that tells you that the can will get kicked down the road a few times before we even get to what the decision is.
If we have a shutdown, it will be for a day or so just for gameplaying and of the nature where everyone is running around and putting some short term extension in place to continue it. This is the period where all the obligatory ranting of social security checks not going out, disabled veterans not getting their checks, etc. Gotta be some of that or it would not be budget season.
But that is vastly different than the market thinking "holy shiite, the U.S. is going to stiff its creditors for real" versus a delayed payment or uncertainty.
So my guess is above, kick the can down the road, settle for less is the usual outcome. But more severe this time around.
For the week things are dreary, because there are so many other things going on that confuse the picture of what the market is reacting to. There is more than just the debt limit stuff. There is brewing inflation, supply chain problems. Shaky news out of Europe and China and all the virus scenarios. This isnt going to be a year where once the debt limit thing is resolved that everything is groovy and good to go. The markets might have a giddy day over some good news, but things are mounting up.
On the other hand I expect that most of the doom and gloom will be pretty well priced in by the end of week (if not the end of the day, little joke there OR NOT).
Alright, I am coming close to talking about markets and trading in the politics section which I don't want to do. But those are my thoughts.
That smaller first bill with true stimulus projects in it will eventually pass and the second one with 3.5 trillion or so will end out at 1.8 or so. There, there's some things for me to be wrong about.
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Looks to be playing out as you forecast.
What if the progressive caucus holds their ground?
Biden off to the Hill now.
Hard to predict what the progs will do eh?
Biden heading to Capitol Hill to meet with House Democrats amid infighting
President Joe Biden will head to Capitol Hill Friday afternoon to meet with House Democrats, White House officials said, amid party infighting over passing his agenda.
Biden, who has kept a low public profile most of the week while negotiating behind the scenes trying to break the impasse, is set to meet with Democrats at 3:30 p.m.
House Speaker Nancy Pelosi has twice had to delay a vote on a $1.2 trillion bipartisan infrastructure plan Biden supports because progressive Democrats are vowing to defeat it unless they also get a vote on $3.5 trillion social and climate policy measure he also supports -- but one that two moderate Democratic senators have objected to as too costly.
Progressives are playing with all or none scenarios. That won't end well for them.
As I said in an earlier post, Mother Superior Pelosi will start using the term "down payment" to ease the aura of defeat and to promote the idea that something is better than nothing.
I would not be surprised to see - also as I said earlier- Manchin to go up to 1.8 or so on the second bill just to sweeten the pot and to show that he is giving even more.
Then maybe Pelosi moves to combine both bills into some kind of combined omnibus type of bill so that the progressives dont get suckered where the republicans help to pass the first bill then do nothing on the second. Pelosi is sort of whiz on the whip count thing for both parties so she would have to work that offline and see if she can get it to fly. The deal would be a guaranteed first bill pass and a smaller amount on the second bill. One vote up or done covers both.
It is not really a republican problem. Pelosi would go for something like that. It's her own party. Bernie still wants 6 trillion. Heh.
If they can't work something like that soon then Pelosi will just keep rolling the vote out until she has some votes. Risky business for the progressives. A month or six weeks down the road and inflation will be biting even harder (never mind that is from supply chain or something else) and Republicans will continue to play the card that says their program will fuel it even more.
Joe Manchin does not need me to defend him but in fairness to Manchin, his argument is not that he is being the thrifty one. He asks on what planet is 1.5 trillion considered to be a compromise when the left just spent 5 trillion in other relief measures since March? Something to think about.
Pelosi has been at this a long time and this is her last hurrah. She wants the big bill but she knows that can always jawbone her way to a saying what a big victory a smaller one is. If the progressives cause the whole thing to shiite the bed, there will be no winners other than the republicans. Although she will never say it in public, her move now is to get the second bill small enough so that she can pick up enough republican votes to get it through so that she can fly without the squad-types. Not something she would ever say to them but she is a weasel and a rodeo-master. Under some kind of combined bill agreement where they are both one package so no one can weasel either before or after their other vote based on the sequencing.
Don't know. They may not be thinking about that today but will still end out there. In fact they may not be thinking today.
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