Posted on 01/17/2018 4:05:22 PM PST by blam
LMAO. Invest in metals! Buy high! Sell low!
Re: K-1
I had no idea there was more than one Schedule K-1.
The only K-1 I know about is for Estates and Trusts.
I have to believe that causes a lot of confusion and wasted time each year at tax time.
I didn’t care what they called it. I saw it as another depression.
We did have social programs to help people out, but that was not just a recession > IMO.
Actually, we have social programs in place today that help ease the damage of a depression. I think that what we experienced in 2008/09 was a depression. Without those programs we would have been a lot more like the depression.
We were fortunate to have social programs in place to help folks out, but we really experienced a terrible period there.
A lot of folk lost their homes, and many more only saved them through creative government programs that bailed them out.
“I’m still waiting for the collapse he predicted in 2010 and...” 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018.
And here I was thinking “more ammo”, but that’s just me.
Credit is a strange thing. A lot of folks try to read it, but a good read is very illusive.
Here’s a report from March of last year. It’s almost funny to read, and I’m sure they had good reasons for predicting what they did. Still:
It seems household debt did grow against last year. The problem is delinquency. Here are some rates I ran into from a November 2017 article.
(While new delinquencies are climbing, the overall rate of unpaid card debt remains at a relatively low level for the long term, the report showed. The overall 90-day-plus delinquency rate of credit card debt was 7.47 percent of balances. That compares with 7.08 percent in the third quarter of 2016 and 8.21 percent in 2015. The peak delinquency rate for the third quarter was 13.16 percent, reached in 2010.)
Found that here:
Folks are servicing their debt.
I’m in the middle of sharply reducing my own debt this year.
With the economy blazing along, folks seem to be doing okay compared to other periods.
Good research. Consumer credit isn’t the whole picture though, is it?
No it’s not.
I didn’t look up business credit. I will say that with economy they way things are going right now, businesses should be in good shape, even if things were tight at the end of last year.
Businesses will be paying out less taxes for their employees in a few weeks. Many of them will also have lower taxes for their business income for the reminder of the year.
I don’t like seeing the debt this high, but folks purchase things with debt too, and it can help to spark the economy at times.
I’m thinking it might have applicability to our national debt.
It’s my take that our national debt will be shrinking by the time Trump’s first term ends.
It may start before that.
As he cuts government outlays and increased tax receipts, thing are going to start looking up.
That alone will strengthen the dollar, and be good reason for more market confidence, and growth there.
In December they were talking about around $6 trillion in DJ market value increase since Trump was sworn in. Now it may be up around $8 to $9 trillion.
Amazing numbers...
I’m reminded of the crash in the Japanese stock market back in 1988.
I agree that things are looking up, but bubbles make me nervous.
They do me too. Honestly, I’d look on this market a lot more skeptical if it weren’t for Trump’s actions to give business the green light to roar.
The news, is all good right now.
A person talked about the lack of real grown of the market over the last decade or so. Yes it recovered, but inflation wise, I don’t think it grew as much as it should have.
Is that part of what is going on here? I really don’t know.
From what I can tell, folks don’t see this as an overbought market. They still see good value for what’s out there.
That’s amazing to me.
Again, I touch on things I’ve read, but I am no expert here.
Others may see it differently, and be correct.
I knew the corporate rate was 21% (should have been the original 15%) but I was unclear about the s-corp rate.
I had heard both 30% and 20%.
Typical idiot that has predicted the past 100 out of 1 downturns.
“From what I can tell, folks don’t see this as an overbought market. They still see good value for what’s out there.”
I wonder if they’re right. Maybe it is just the freeing of pent-up demand.
“Others may see it differently, and be correct.”
Ditto.
[17 year-old MRE tuna surprise]
Yankee Bean Soup, cole slaw, and Tuna Suprise
https://www.youtube.com/watch?v=_AOeSrLCD-U
Take care dsc.
LOL
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