OT: Another offshore wind farm project cancelled

[socaldave]

You used the word "trajectory". Trajectory means path. It doesn't mean level. So for all your lecturing about how smart you are and how dumb everyone else is, you just self owned yourself.

If you wanted to say oil production would be at a higher level today if the former guy was still in the White House, you should have said that. But you used the word trajectory and that chart proves your claim wrong.

Further, you can't ignore the dip for Trump and but then hold the decline in production levels against Biden. That's idiotic.

Your chart proves my point.
The fact you posted it, as proof of your point says it all.
I made money off my interpretation of the chart.
You are invested in a political narrative, the Fact that you see your narrative in everything, shows confirmation bias.
I have 1 arbitrator, my clients monthly statements. It’s been that way since 1985.
Who confirms your interpretations.? The others invested in your narrative?

 

[Brisket and Bourbon]

Take your Fox BS propaganda and hit the road.
The US Economy is at an all time with the 4 leading indicators doing exceptionally well.
The lies and fake news that the right nut jobs continue to spew is beyond comical. Gullible fools in your circles.

Sure…billionaires are doing great, top 500 companies and the military industrial behemoth have never done better. In the mean time, real people have to take 2-3 jobs, the prices of everything, insurance is ballooning, we have a completely uncontrolled border invasion (I know new dem voters) and a senile bag of diapers as president with the lowest approval rating since they started taking those polls.

You lefties are a cancer which is why I hope we have a national divorce soonest…time to admit the union is really no more.

 

[Ty Webb]

Your chart proves my point.
The fact you posted it, as proof of your point says it all.
I made money off my interpretation of the chart.
You are invested in a political narrative, the Fact that you see your narrative in everything, shows confirmation bias.
I have 1 arbitrator, my clients monthly statements. It’s been that way since 1985.
Who confirms your interpretations.? The others invested in your narrative?

The chart does not prove your point.

Do you know what the word trajectory means?

Why don't you explain to us how you made money off the interpretation of that chart?

 

[Knight Owl]

Sure…billionaires are doing great, top 500 companies and the military industrial behemoth have never done better. In the mean time, real people have to take 2-3 jobs, the prices of everything, insurance is ballooning, we have a completely uncontrolled border invasion (I know new dem voters) and a senile bag of diapers as president with the lowest approval rating since they started taking those polls.

You lefties are a cancer which is why I hope we have a national divorce soonest…time to admit the union is really no more.

So you support entitlement reform including social security benefit reductions apparently. Wow. what a clueless take if you can’t conjure up a better policy trajectory than that.

 

[socaldave]

The chart does not prove your point.

Do you know what the word trajectory means?

And anyone who brags on a message board about how successful they are tends to be grossly overstating how success they are.

I wish you the best, I hope your truth continues to serve you.

 

[dconifer]

Presidents don't run the economy like it's an ice cream truck.

+1

 

[NotInRHouse]

Grocery store bills say otherwise..rent..mortgages

Lets not get into the defecit

Your post is disinformation

Sure the President controls your low bro prices and tells landlords what to charge.

Speaking of the deficit, did you donate your share of the 83.3M? Or are you counting your $99 NFT towards that?

 

[Morrischiano]

Grocery store bills say otherwise..rent..mortgages

Lets not get into the defecit

Your post is disinformation

I mean, if you didn’t refinance before 2022, then I don’t know what to tell you.

And if you bought in the last year then mortgage rates are down 1% and will fall another 1% in the coming year as Biden’s Fed cuts rates now that inflation is in the 2% range.

Bidenomics has cooled inflation from 9% in 2022 to 2.8% in December. Bidenomics has avoided a recession when almost everyone said it would happen in 2023. Job growth has continued to be good and wage growth has been strong.

Now look forward to a stock market hitting even higher record highs as rates come down. Goldilocks scenario achieved by Bidenomics.

 

[tom1944]

Regarding inflation-

• Starting in July, the U.S. passed Canada for the lowest inflation rate among the G-7 countries, which represent some of the world’s biggest economies. And for the previous five months, the U.S. ranked a close second to Canada for lowest in the G-7.
• Expanding out to a larger grouping of 30-plus large economies, the U.S. has one of the lowest inflation rates.

Inflation coming out of the pandemic and with the world supply chain problem and companies using both to raise prices resulted in worldwide inflation. The US seems to have controlled it better than our peers.

 

[rutgersdave]

Like I said you guess😂 God bless you dude your opinion has no consequence to me.
Your not that important 🙏

You sound like a crazy old man that is losing his ability to spell and use proper grammar

 

[bac2therac]

I mean, if you didn’t refinance before 2022, then I don’t know what to tell you.

And if you bought in the last year then mortgage rates are down 1% and will fall another 1% in the coming year as Biden’s Fed cuts rates now that inflation is in the 2% range.

Bidenomics has cooled inflation from 9% in 2022 to 2.8% in December. Bidenomics has avoided a recession when almost everyone said it would happen in 2023. Job growth has continued to be good and wage growth has been strong.

Now look forward to a stock market hitting even higher record highs as rates come down. Goldilocks scenario achieved by Bidenomics.

It was 3.4% in December and the cumulative effect somehow is over your head. Permanent price increases especially in service industry

 

[tom1944]

Sure…billionaires are doing great, top 500 companies and the military industrial behemoth have never done better. In the mean time, real people have to take 2-3 jobs, the prices of everything, insurance is ballooning, we have a completely uncontrolled border invasion (I know new dem voters) and a senile bag of diapers as president with the lowest approval rating since they started taking those polls.

You lefties are a cancer which is why I hope we have a national divorce soonest…time to admit the union is really no more.

I retired and now have 2 jobs (by choice) and have never been doing better financially. Now I do not believe Joe Biden deserves credit for that nor would he deserve blame similar to every other president's impact on my economic situation. I controlled my financial situation, and I cannot take any of you seriously when you credit or blame any president.

 

[bac2therac]

Oh its fine

 

[Morrischiano]

Sure…billionaires are doing great, top 500 companies and the military industrial behemoth have never done better. In the mean time, real people have to take 2-3 jobs, the prices of everything, insurance is ballooning, we have a completely uncontrolled border invasion (I know new dem voters) and a senile bag of diapers as president with the lowest approval rating since they started taking those polls.

You lefties are a cancer which is why I hope we have a national divorce soonest…time to admit the union is really no more.

President Biden moved far right in the border deal and is willing to sign the most restrictive border law in 30 years. Meanwhile Trump, your billionaire Orange Jesus, is telling republicans not to vote for it because he wants to use it as a campaign issue.

Love America or leave it. Take your Orange Jesus with you, you anti-America fascist! Sound like Russia or Cuba might be more your speed.

 

[tom1944]

Oh its fine

View embedded media

Do charts like this exist for the previous 3 presidents? It would give it context if we could compare it to those if they existed.

 

[bac2therac]

The national debt on Jan. 19, 2017, the day before Donald Trump was inaugurated president, was $19,944,429,217,107.

On Jan. 19, 2021, the day before Joe Biden was inaugurated, the debt was: $27,752,835,868,445 — about $7.8 trillion higher.

As of January 28, 2024 3/4 through Biden’s term, the debt had risen by another roughly $6.4 trillion, to $34,116 097,000,000

the scary thing is how is has jumped so much in just 6 months now and will likely hit 37 trillion plus by years end. 3 trillion in just 7 months alone!

 

[Morrischiano]

It was 3.4% in December and the cumulative effect somehow is over your head. Permanent price increases especially in service industry

It wasn’t up 3.4% in December. It was up .2%.

here you go, dum dum (stick to terrible snow and March Madness predictions):

Fed's favorite inflation gauge rose 0.2% in December and was up 2.9% from a year ago

The core personal consumption expenditures price index was expected to increase 0.2% monthly in December and 3% from a year ago.

www.cnbc.com

 

[Morrischiano]

The national debt on Jan. 19, 2017, the day before Donald Trump was inaugurated president, was $19,944,429,217,107.

On Jan. 19, 2021, the day before Joe Biden was inaugurated, the debt was: $27,752,835,868,445 — about $7.8 trillion higher.

As of July 14, 2023, more than halfway through Biden’s term, the debt had risen by another roughly $6.4 trillion, to $34,116 097,000,000

the scary thing is how is has jumped so much in just 6 months now and will likely hit 37 trillion plus by years end. 3 trillion in just 7 months alone!

Orange Jesus increased the deficit more in 4 years than Obama did in 8 years.

 

[socaldave]

You sound like a crazy old man that is losing his ability to spell and use proper grammar

Thanks for sharing 😂

 

[socaldave]

The national debt on Jan. 19, 2017, the day before Donald Trump was inaugurated president, was $19,944,429,217,107.

On Jan. 19, 2021, the day before Joe Biden was inaugurated, the debt was: $27,752,835,868,445 — about $7.8 trillion higher.

As of January 28, 2024 3/4 through Biden’s term, the debt had risen by another roughly $6.4 trillion, to $34,116 097,000,000

the scary thing is how is has jumped so much in just 6 months now and will likely hit 37 trillion plus by years end. 3 trillion in just 7 months alone!

All very important points thanks BAC
Add inflationary policies it’s scary. However not irreversible.
Policy change that could turn us into the world’s leading energy supplier
Could save our country.
Not worth explaining it to the I believe what I see on TV crowd.
Most of these clowns think GW is a great QB
Don’t waste your intelligence on them.

 

[Proud NJ Sports Fan]

Thanks for sharing 😂

The irony in DementiaDave’s post is hysterical

 

[MulletCork]

I run an investment advisory firm. We had one of our best years on record in 2023 after a poor 2022. Twenty plus years of doing this. But make no mistake about it. The rich are getting richer and the poor are getting poorer. That’s an indisputable fact.

 

[SkilletHead2]

I run an investment advisory firm. We had one of our best years on record in 2023 after a poor 2022. Twenty plus years of doing this. But make no mistake about it. The rich are getting richer and the poor are getting poorer. That’s an indisputable fact.

So Mullet, whaddya think for someone who has just retired, gets a decent SS check, and wants to know what to do with a not too bad 401k? Go conservative as the market is currently high? Ride out the market a bit longer. Curious old people want to know!

 

[mdk01]

Take your Fox BS propaganda and hit the road.
The US Economy is at an all time with the 4 leading indicators doing exceptionally well.
The lies and fake news that the right nut jobs continue to spew is beyond comical. Gullible fools in your circles.

Sure…billionaires are doing great, top 500 companies and the military industrial behemoth have never done better. In the mean time, real people have to take 2-3 jobs, the prices of everything, insurance is ballooning, we have a completely uncontrolled border invasion (I know new dem voters) and a senile bag of diapers as president with the lowest approval rating since they started taking those polls.

You lefties are a cancer which is why I hope we have a national divorce soonest…time to admit the union is really no more.

You're both cherry picking stats.

 

[socaldave]

I run an investment advisory firm. We had one of our best years on record in 2023 after a poor 2022. Twenty plus years of doing this. But make no mistake about it. The rich are getting richer and the poor are getting poorer. That’s an indisputable fact.

And the middle is disappearing
Young people with no investable assets can’t get started
Unless Dad and Mom seed them.

 

[bac2therac]

It wasn’t up 3.4% in December. It was up .2%.

here you go, dum dum (stick to terrible snow and March Madness predictions):

Fed's favorite inflation gauge rose 0.2% in December and was up 2.9% from a year ago

The core personal consumption expenditures price index was expected to increase 0.2% monthly in December and 3% from a year ago.

www.cnbc.com

Inflation was 3.4%

Up over the previous year

You are embarrassing yourself

Inflation ticked up to 3.4% in December thanks in part to outsized housing costs

As price growth continues to moderate, consumers are still adapting to a new normal.

www.google.com

 

[Knight Owl]

So Mullet, whaddya think for someone who has just retired, gets a decent SS check, and wants to know what to do with a not too bad 401k? Go conservative as the market is currently high? Ride out the market a bit longer. Curious old people want to know!

AI “bubble” won’t burst for quite some time…and there will be some actual winners mixed in with all the losers. More fun than the casinos at least!🤷‍♂️
Sad thing is that the party has already started so some valuations are already somewhat silly these days.

 

[Morrischiano]

All very important points thanks BAC
Add inflationary policies it’s scary. However not irreversible.
Policy change that could turn us into the world’s leading energy supplier
Could save our country.
Not worth explaining it to the I believe what I see on TV crowd.
Most of these clowns think GW is a great QB
Don’t waste your intelligence on them.

Ummm, we ARE the world’s largest energy supplier.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

 

[bac2therac]

Orange Jesus increased the deficit more in 4 years than Obama did in 8 years.

Biden is President now and its going to surpass Trump by 25%

 

[Morrischiano]

Inflation was 3.4%

Up over the previous year

You are embarrassing yourself

Inflation ticked up to 3.4% in December thanks in part to outsized housing costs

As price growth continues to moderate, consumers are still adapting to a new normal.

www.google.com

That’s not the Fed’s benchmark for their policy decisions.

 

[bac2therac]

President Biden moved far right in the border deal and is willing to sign the most restrictive border law in 30 years. Meanwhile Trump, your billionaire Orange Jesus, is telling republicans not to vote for it because he wants to use it as a campaign issue.

Love America or leave it. Take your Orange Jesus with you, you anti-America fascist! Sound like Russia or Cuba might be more your speed.

False...Bidens plan involves bringing in at least 1.8 million illegals which true is less than the 2.5 million coming in

Money to process them rather than to keep illegals out

 

[bac2therac]

That’s not the Fed’s benchmark for their policy decisions.

Now you are throwing different things out because you posted disinformation about the 3.4% rise

 

[MulletCork]

So Mullet, whaddya think for someone who has just retired, gets a decent SS check, and wants to know what to do with a not too bad 401k? Go conservative as the market is currently high? Ride out the market a bit longer. Curious old people want to know!

Honestly we are very conservative by nature, focused on long term investing. This is a non answer I am sure but we focus on balanced accounts with a blend of investment grade short term corporate bonds and US Treasuries as well as stocks in companies we know and follow long term. A mix of large cap companies, mid-cap and some small cap stocks for some risk.

I mean the past couple years we built up a big corporate bond portfolio with 2-3 year maturities for safety while also focusing on the companies we follow and know. Obviously it never hurts to take some profits along the way here if the tax implications work for you. Clearly big tech has had a massive run here — companies like NVDA, AMD, MSFT, AMAT, QCOM, ORCL, CRM been some of our best friends. But we have smaller ones like MRVL and NTNX making new highs on a mid cap level.

I think the best advice anyone could say is don’t get greedy and stay diversified. A few years back you were getting 0.25% on a 2 year T-Note. Before rates dipped you could get 5%. That’s nothing to sniff at. 3-6 month T-Bills have a nice yield still for short term. Stay balanced, take your profits, book tax losses (if non- retirement account) to offset said profits and focus on what your needs are and stay focused on your timeline, not day to day swings.

 

[Morrischiano]

Biden is President now and its going to surpass Trump by 25%

Glad that you finally admit that Biden won in 2020. Big step for you

 

[goru1869]

Dave, take a look around. Despite what you hear on Fox, we are doing really well. The stock market is at an all time high. My 401k is going bonkers - as is yours. Inflation is back down where it's supposed to be. Unemployment is absurdly low. Despite the immigration problem (which needs to be fixed) immigrants aren't "ruining" America. Hell, they mostly take low paying jobs Americans don't want anyway. I mean, if you can't compete for a job with a guy who has few pratical skills and can't speak English, I'm thinking immigration probably isnt your biggest problem. (Not aimed at Dave, but anyone complaining about immigrants taking jobs)
Crime has dropped after a spike during COVID. Green building, schmeen building! Who cares!!?? It's all about the Benjamins, and they are flowing.

I guess I'm just not seeing how America is being "destroyed".

This is pretty funny stuff. My rent just went up $185.00 per month. I have been in the construction industry for 40 years. NEVER before have I had to worry about having 40, yes 40 hours of work per week under any other President. Immigration is a HUGE problem, BUT I guess you have a fence around your home to keep the illegals out. Tell the blacks in Chicago there is no problem. Tell Dems who represent border districts in Texas, there is no problem, Tell people who look at the illegals sleeping in police stations and airports, there is no problem. Tell The mayors of major cities, there is no problem. They are ruining the US by not following our laws to come here. Just keep listening to the CNN, MSNBC, ABC, NBC, And CBS crowd. They have you hook, line and sinker.

 

[SkilletHead2]

Honestly we are very conservative by nature, focused on long term investing. This is a non answer I am sure but we focus on balanced accounts with a blend of investment grade short term corporate bonds and US Treasuries as well as stocks in companies we know and follow long term. A mix of large cap companies, mid-cap and some small cap stocks for some risk.

I mean the past couple years we built up a big corporate bond portfolio with 2-3 year maturities for safety while also focusing on the companies we follow and know. Obviously it never hurts to take some profits along the way here if the tax implications work for you. Clearly big tech has had a massive run here — companies like NVDA, AMD, MSFT, AMAT, QCOM, ORCL, CRM been some of our best friends. But we have smaller ones like MRVL and NTNX making new highs on a mid cap level.

I think the best advice anyone could say is don’t get greedy and stay diversified. A few years back you were getting 0.25% on a 2 year T-Note. Before rates dipped you could get 5%. That’s nothing to sniff at. 3-6 month T-Bills have a nice yield still for short term. Stay balanced, take your profits, book tax losses (if non- retirement account) to offset said profits and focus on what your needs are and stay focused on your timeline, not day to day swings.

Pretty much where I am and what my advisor tends to think as well. Greatly appreciate your thoughts on this! And Knight Owl as well.

 

[Morrischiano]

Honestly we are very conservative by nature, focused on long term investing. This is a non answer I am sure but we focus on balanced accounts with a blend of investment grade short term corporate bonds and US Treasuries as well as stocks in companies we know and follow long term. A mix of large cap companies, mid-cap and some small cap stocks for some risk.

I mean the past couple years we built up a big corporate bond portfolio with 2-3 year maturities for safety while also focusing on the companies we follow and know. Obviously it never hurts to take some profits along the way here if the tax implications work for you. Clearly big tech has had a massive run here — companies like NVDA, AMD, MSFT, AMAT, QCOM, ORCL, CRM been some of our best friends. But we have smaller ones like MRVL and NTNX making new highs on a mid cap level.

I think the best advice anyone could say is don’t get greedy and stay diversified. A few years back you were getting 0.25% on a 2 year T-Note. Before rates dipped you could get 5%. That’s nothing to sniff at. 3-6 month T-Bills have a nice yield still for short term. Stay balanced, take your profits, book tax losses (if non- retirement account) to offset said profits and focus on what your needs are and stay focused on your timeline, not day to day swings.

Also please don’t buy ETFs at all time highs. Buy value stocks. Leg into ETFs during corrections.

I think anything AI related is a bubble. Buying these stocks now is risky

 

[Proud NJ Sports Fan]

This is the 3rd one in the last 6 months

Energy developer delivers major blow to blue state's climate agenda by canceling offshore wind contracts

A major energy developer is pulling out of contracts it entered into with the State of Maryland to build two large offshore wind farms in a blow to Democrats' green energy goals.

www.foxnews.com

 

[Morrischiano]

This is pretty funny stuff. My rent just went up $185.00 per month. I have been in the construction industry for 40 years. NEVER before have I had to worry about having 40, yes 40 hours of work per week under any other President. Immigration is a HUGE problem, BUT I guess you have a fence around your home to keep the illegals out. Tell the blacks in Chicago there is no problem. Tell Dems who represent border districts in Texas, there is no problem, Tell people who look at the illegals sleeping in police stations and airports, there is no problem. Tell The mayors of major cities, there is no problem. They are ruining the US by not following our laws to come here. Just keep listening to the CNN, MSNBC, ABC, NBC, And CBS crowd. They have you hook, line and sinker.

Then why is Orange Jesus tell republicans not to strike a deal that would close the border ?:

Trump slams deal that would give Biden authority to close border

The former president has made immigration reform and the border a central plank of his election campaign.

www.politico.com

 

[MulletCork]

Also please don’t buy ETFs at all time highs. Buy value stocks. Leg into ETFs during corrections.

I think anything AI related is a bubble. Buying these stocks now is risky

It’s funny. AMD is a company we were buying below $10 in 2016. Went over 180 this week. So it’s at a point it doesn’t hurt obviously to take a little profit across the board. It’s January, nice love note to clients, and plenty of time to offset gains later this year. Naturally you get that one guy who calls and says buy me more AMD., even though we manage the account. Same with NVDA obviously. I mean who knows where these stocks go but man, it’s not something to chase now. For some people, if that’s what you like, have at it. But man greed and over exuberance is always interesting to watch.