$125/barrel and rising.

[Pete F.]

Originally Posted by Jim in CT

you didn’t. but we were talking about gas. my bad.

so what’s your point? that under biden, american families are getting slammed?

we already knew that.

the $8b increase in net worth for 18 ceos? it’s mostly due to stock prices. they didn’t steal
it from you pete. do you seriously not get that?

stick price increases help everyone who owns the stock.
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Stock prices are not the same as corporate profits though they can be driven by increases in volume, increases in profitability or stock buybacks.
Stock buybacks do little to ensure the future viability of a corporation, since they are made instead of capital investments.
Guess what corporate America’s doing
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[Jim in CT]

Originally Posted by Pete F.

Stock prices are not the same as corporate profits though they can be driven by increases in volume, increases in profitability or stock buybacks.
Stock buybacks do little to ensure the future viability of a corporation, since they are made instead of capital investments.
Guess what corporate America’s doing
Posted from my iPhone/Mobile device

You were complaining about the increase in net worth of CEOs of the largest companies. Their net worth is usually tied to stock prices, because they have tons of options. They didn't make $8B in ordinary income this year.

"Stock buybacks do little to ensure the future viability of a corporation"

So you know more than the CFOs of those publicly traded companies. Sure, why not! Stock buybacks are usually a sign that a company thinks it's in a good place. Stock buybacks aren't the evil boogeyman liberals paint them to be. They can be beneficial to everyone who owns stock.

[Pete F.]

Originally Posted by Jim in CT

You were complaining about the increase in net worth of CEOs of the largest companies. Their net worth is usually tied to stock prices, because they have tons of options. They didn't make $8B in ordinary income this year.

"Stock buybacks do little to ensure the future viability of a corporation"

So you know more than the CFOs of those publicly traded companies. Sure, why not! Stock buybacks are usually a sign that a company thinks it's in a good place. Stock buybacks aren't the evil boogeyman liberals paint them to be. They can be beneficial to everyone who owns stock.

The same guys didn't invest in american industry after the 50s and 60s and sent American jobs overseas and claimed it was beneficial to everyone.
Look around New England at the woolen business, machine tool industry, stone business, wire, etc.
All gone because of a failure to make capitol investments and improvements.

[Jim in CT]

Originally Posted by Pete F.

The same guys didn't invest in american industry after the 50s and 60s and sent American jobs overseas and claimed it was beneficial to everyone.
Look around New England at the woolen business, machine tool industry, stone business, wire, etc.
All gone because of a failure to make capitol investments and improvements.

can you tell me which 8 companies have the ceo’s you’re referring to? those companies aren’t investing in awrica? how many americans work at those 8 companies?

pete, you are free to start your own business. since you’re so much smarter than those guys, surely you’ll be a rapid success and not to the way of David Hoags pillow company.

American manufacturing is gone because we globalized them economy. Americans want low prices, which means cheap labor. no amount of investment overcomes that.
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[Pete F.]

Originally Posted by Jim in CT

can you tell me which 8 companies have the ceo’s you’re referring to? those companies aren’t investing in awrica? how many americans work at those 8 companies?

pete, you are free to start your own business. since you’re so much smarter than those guys, surely you’ll be a rapid success and not to the way of David Hoags pillow company.

American manufacturing is gone because we globalized them economy. Americans want low prices, which means cheap labor. no amount of investment overcomes that.
Posted from my iPhone/Mobile device

Exactly the mindset that got us here

But it’s nothing new

"As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?" -Alexis de Tocqueville, 1831
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[detbuch]

Originally Posted by Pete F.

Exactly the mindset that got us here

But it’s nothing new

"As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?" -Alexis de Tocqueville, 1831
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Another observation by Alexis de Tocqueville regarding the Progressive mindset you wish would replace the original American one:

"Any measure that establishes legal charity on a permanent basis and gives it an administrative form thereby creates an idle and lazy class, living at the expense of the industrial and working class."

[Jim in CT]

Originally Posted by detbuch

Another observation by Alexis de Tocqueville regarding the Progressive mindset you wish would replace the original American one:

"Any measure that establishes legal charity on a permanent basis and gives it an administrative form thereby creates an idle and lazy class, living at the expense of the industrial and working class."

i’d truly like to
see his comeback to that one.
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by Pete F.

Exactly the mindset that got us here

But it’s nothing new

"As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?" -Alexis de Tocqueville, 1831
Posted from my iPhone/Mobile device

pete, do you ever buy anything where you can get the best deal?

money isn’t all i think about. but i don’t like to overpay either.
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