And on a somewhat related note I just came across this bit of news: Bipartisan bill would ban lawmakers from buying and selling stocks https://finance.yahoo.com/news/bipa...from-buying-and-selling-stocks-215735981.html
And 100% of the statistics @David's faith posts up were made up on the spot by @David's faith. The real number averages in the upper 30s, although I guess thanks to Trump it hit a recent high of 44% in 2020 United States Government Spending To GDP | 1970-2020 Data | 2021-2023 Forecast (tradingeconomics.com)
I based it on George Gammon saying real quotes not beeing exact. but anyways proceed as you like. If it helps.
Generally saying something that represents a little over 1/3 represents 1/2 is generally not thought of as a legitimate approximation by any reasonable person. With those error bars you could just as easily have said 25% of GDP comes from government spending and you'd actually closer to the true number (but further away from the deceptive point you were trying to make). It appears that intellectual honestly is an entirely foreign concept to you?
Makes sense because they do have access to inside information involving government deals, contracts, they sit on committees, pending laws being written that impact companies / markets and so on. They have strong connections and receive donations from individuals that move the markets. wrbtrader
I think its a good idea. But if its like all those Freedom laws that they push and people line up to vote yes but in the end it really cuts down on your freedoms but not the politicians or the elites. What will really happen is somehow this will impact regular Americans when it comes to trading and then the politicians will partake in some loophole via trading using a shell corporation in Delaware.
You'll be happy to hear that a bill attached to the 2020 National Defense Authorization Act (NDAA) closed the anonymous shell corporation loophole. Now beneficial ownership of every state corporation has to be passed to FinCEN. Of course when you have corruption at the level of the Trump administration you could have a President who simply refuses to allow FinCEN to use that information or release it to a prosecuting agency or to congress, but at least it's no longer completely anonymous as it was up until 3 months ago.
%% Good points. AND as far as dems helping the economy so much\ as if everybody is depending on the gov to prosper?? LOL, I will admit Dems accidently helped huge gun sales,+ accidently helped many real estate markets by running millions out of hi tax states like NY,CA/LOL. NYT\CNN those fake news\talking snakes are always trying to promote socialism/communism\anti-capitalism\anti-common sense !!
GDP growth is only useful if it is sustainable. If the Federal Government has to run a $5 trillion deficit per year so that they can pretend the economy is growing, obviously that is not a good thing. The nation is becoming poorer so that we can play pretend. Unfortunately, when creditors refuse to buy treasuries and the US has a sovereign debt crisis this will be obvious. Prices will explode and the government will have to renege on promises it has made (social security\pensions\medicare\medicaid\welfare checks\stimulus checks\food stamps\ unemployment \ etc). Digging a nation deep into debt to obtain GDP growth can't work in the long run. A lot of Americans are going to learn this the hard way.
No one disagrees that a sovereign debt crisis is bad. What's far from clear is what level of deficits in the U.S. cause a sovereign debt crisis? Especially this time around when the entire world was hit by the same COVID economic shock and every country has ballooned their debt. That would require a shift in the world's reserve currency to something other than the USD, and what currency would everyone shift into? Certainly not the Yuan or Ruble, and JPY and EUR aren't exactly on the rise while GBP is a mess. Nothing else has enough float for it. On the flip side, we saw in 2008 (and the entire 1930s) what happens when you respond to an economic shock with austerity measures. It's also worth noting that the picture isn't as dire as many are painting it. As you can see from the graph of budget deficit as percent of GDP below, we were well on our way to returning to historical norms on that front and in fact were doing better than most of the Reagan years. Right up until Trump blew up the deficit with his ill advised tax cuts. There's no reason we can't be back at historic norms again after the COVID recovery is complete by simply reversing those tax cuts.