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Old 11-07-2012, 06:10 PM   #101
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meh - 300 points down - it went up 6000 points the last 4 years ;)

those 300 points will be back in no time
But it's Obama , it doesn't matter the market doubled since he has been in.
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Old 11-07-2012, 06:11 PM   #102
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3 people, 300,000 people, 300 million people.

When it comes down to the math, there really isn't much of a difference. They are numbers. If those three people spend more than 250% of what they earn, they will be just as fucked as 300,000, or 300 million.
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Old 11-07-2012, 06:11 PM   #103
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unless the slide continues, which I wouldn't rule out... I wouldn't be a shocked if we are down 1000 points by the end of the week...
i know some of you are older than 18 as well - but i look at the stock market in longer terms than on a daily or weekly basis.

i dont do day trade, therefore little throwbacks dont scare me
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Old 11-07-2012, 06:12 PM   #104
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meh - 300 points down - it went up 6000 points the last 4 years ;)

those 300 points will be back in no time
I am not predicting DOOM..,I only said, I thought it was the BOYS reminding the POTUS that he is not the one with the ultimate power. Lighten up.
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Old 11-07-2012, 06:13 PM   #105
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I have no idea what you are talking about. The market dropped 324 points today.
I was in a small plane flying to and from Saginaw Mi. I thought the market drop was funny. The BIG money people( I am not a part of that group) decided to send Obama a reminder.. The man that has the gold, makes the rules.
I find it hard to believe that business people are this short sighted -- the president changes every four years like clockwork. Something is ALWAYS changing yet business people are holding back on investment because they want 'stability'? I find that to be incredibly short sighted.

I was recently at a speech by a local small(-ish) businessman and he pointed out that he'd been in business for 50 years and tried to grow his business every year no matter what while administrations have come and gone.

Minte - how long have you been running your thing and how long do you plan to? Certainly more than 4 years. So how can you let something as short a a presidential administration dictate your plans?

You say you aren't going to make investments for 4 years, who are you punishing besides yourself? I respect you as a businessman but your widget factory doesn't make you John Galt.
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Old 11-07-2012, 06:14 PM   #106
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Not if we are at war and have a infrastructure falling apart.
I'm confused. I thought it was because we had 300 million people.
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Old 11-07-2012, 06:15 PM   #107
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The number of people does matter. Infrastructure , services, education, protection, regulation ( I know it's bad until someone you love dies from a lack of) more people it all costs more money.
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Old 11-07-2012, 06:17 PM   #108
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I am not predicting DOOM..,I only said, I thought it was the BOYS reminding the POTUS that he is not the one with the ultimate power. Lighten up.
i am in an excellent mood - no worries - and it hasnt anything to do with the elections

if someone would ask me if i was doing better than 4 years ago my answer would be "HELL YES!"

you know what really helps me: to live in a country where i dont understand the language and therefore give a shit about the local government and politics.

my tax accountant makes sure we follow the laws and we're doing better than ever
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Old 11-07-2012, 06:19 PM   #109
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i am in an excellent mood - no worries - and it hasnt anything to do with the elections

if someone would ask me if i was doing better than 4 years ago my answer would be "HELL YES!"

you know what really helps me: to live in a country where i dont understand the language and therefore give a shit about the local government and politics.

my tax accountant makes sure we follow the laws and we're doing better than ever
#winning
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Old 11-07-2012, 06:31 PM   #110
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I find it hard to believe that business people are this short sighted -- the president changes every four years like clockwork. Something is ALWAYS changing yet business people are holding back on investment because they want 'stability'? I find that to be incredibly short sighted.

I was recently at a speech by a local small(-ish) businessman and he pointed out that he'd been in business for 50 years and tried to grow his business every year no matter what while administrations have come and gone.

Minte - how long have you been running your thing and how long do you plan to? Certainly more than 4 years. So how can you let something as short a a presidential administration dictate your plans?

You say you aren't going to make investments for 4 years, who are you punishing besides yourself? I respect you as a businessman but your widget factory doesn't make you John Galt.
First off, I never said I would not invest for four years. I said my company could lose money for 4 years. I also said that for the first year I would invest cautiously. Just like I have for the last 4 years.

I have been in business more than 30 years. I don't have any plans on retiring, ever.
I like my job. When there are unknown expenses looming and no one can tell you how much it will cost, no businessman that is going to last, lays all his cash down on RED and crosses his fingers,closes his eyes and prays..
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Old 11-07-2012, 06:38 PM   #111
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The number of people does matter. Infrastructure , services, education, protection, regulation ( I know it's bad until someone you love dies from a lack of) more people it all costs more money.
What do you see happening when the government runs out of money and there is no one left on earth that will lend us anything? Keep in mind,that the first people that will feel it is those least able to absorb it. The 47% When the end of the month rolls around those assistance checks simply won't be there. The food stamps won't be there either.

What then?
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Old 11-07-2012, 06:41 PM   #112
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You know the gov is not going to run out of money lets not be silly.
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Old 11-07-2012, 06:43 PM   #113
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Jesus. If the state is still broke in a few years they are doing something really, really, really wrong.

Maryland (which has tons of illegals they support btw... so that can't be the only reason) has I think a 6% income tax on average and a 6% sales tax and is doing just fine. Even property taxes are reasonable.

In Florida we have no state income tax, 6% sales tax, hefty tourism taxes and high property taxes... nothing obscene though even when you add it all up... and things are OK (not great, but OK)
Some quick fact checking tells me that California has twice as many illegals as Maryland has population... Meaning, Maryland has a population of five million while California has over ten million illegals living here.
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Old 11-07-2012, 06:45 PM   #114
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The forecasts, combined with European business?s general disappointment about the outcome of the U.S. presidential election, helped send stocks lower on the Continent and in London on Wednesday ? a downward drift that carried over to Wall Street through midday there
So now you are telling us that we need to elect our President based on what businesses in Europe want?
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Old 11-07-2012, 06:46 PM   #115
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You know the gov is not going to run out of money lets not be silly.
Why, because they will just print more?
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Old 11-07-2012, 06:47 PM   #116
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So now you are telling us that we need to elect our President based on what businesses in Europe want?
i would appreciate that, thanks!
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Old 11-07-2012, 06:48 PM   #117
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Ok,you are probably right. An anti business president gets reelected,assuring higher tax to business and Obamacare..the market drops 324 points the next day. It's a coincidence.
But yet you think Romney was going to come on board and drop taxes for everyone while reducing the deficit while fixing healthcare?

That's called magic.
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Old 11-07-2012, 06:48 PM   #118
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So who won the Election? :D
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Old 11-07-2012, 06:49 PM   #119
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So now you are telling us that we need to elect our President based on what businesses in Europe want?
No - reread the thread
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Old 11-07-2012, 06:50 PM   #120
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Why, because they will just print more?
No because revenue is always coming in . It will never just stop, now I know people like minte fantasize about that but it ain't happening.
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Old 11-07-2012, 06:52 PM   #121
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But yet you think Romney was going to come on board and drop taxes for everyone while reducing the deficit while fixing healthcare?

That's called magic.
Damn, read the thread! I was up at 4am,,flew a shitty flight to Saginaw had a 3 hour meeting and then had a shittier flight home. Yet you are the one sounding kind of mental here. READ THE DAMN THREAD!!
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Old 11-07-2012, 06:53 PM   #122
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No because revenue is always coming in . It will never just stop, now I know people like me fantasize about that but it ain't happening.

fixed it for you..
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Old 11-07-2012, 06:56 PM   #123
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fixed it for you..
Why because its the truth. You get off on the idea of it all failing. Your guy lost now you want them all to see the error of their ways because you think you know better.
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Old 11-07-2012, 06:57 PM   #124
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Damn, read the thread! I was up at 4am,,flew a shitty flight to Saginaw had a 3 hour meeting and then had a shittier flight home. Yet you are the one sounding kind of mental here. READ THE DAMN THREAD!!
i think it's you who needs to lighten up - maybe this helps

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Old 11-07-2012, 07:00 PM   #125
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No because revenue is always coming in . It will never just stop, now I know people like minte fantasize about that but it ain't happening.
If the revenue does not match the income [at least] then your logic is flawed.
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Old 11-07-2012, 07:01 PM   #126
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i think it's you who needs to lighten up - maybe this helps

I never get tired of this.

Never.
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Old 11-07-2012, 07:04 PM   #127
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Why because its the truth. You get off on the idea of it all failing. Your guy lost now you want them all to see the error of their ways because you think you know better.
Fuck you Tony. I am tired of your stupid attack Minte BS. I came on this evening with a light humor post about the market. And from that I now fantasize about seeing the country fail. Again,, Fuck you.

And you're right,,I know a helluva lot better than you will ever know.
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Old 11-07-2012, 07:04 PM   #128
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I find it hard to believe that business people are this short sighted -- the president changes every four years like clockwork. Something is ALWAYS changing yet business people are holding back on investment because they want 'stability'? I find that to be incredibly short sighted.

I was recently at a speech by a local small(-ish) businessman and he pointed out that he'd been in business for 50 years and tried to grow his business every year no matter what while administrations have come and gone.

Minte - how long have you been running your thing and how long do you plan to? Certainly more than 4 years. So how can you let something as short a a presidential administration dictate your plans?

You say you aren't going to make investments for 4 years, who are you punishing besides yourself? I respect you as a businessman but your widget factory doesn't make you John Galt.
What is the world coming to - I agree with Jimmy 3 Way.

According to Minte it's bad to invest in the future under Obama. At the same time, he expanded his business with a new plant. Go figure.

Businesses don't look at who is in the White House and make business decisions based on this. Even if they did it wouldn't matter much; Nearly half of the population is from one party or the other so at any given time half of the business world wouldn't be interested in growing or expanding.

My wife owns a business which is based on hundreds of small customers who sign up for weekly or monthly training sessions on an hourly basis. If thirty new people suddenly sign up we hire a new instructor to handle the work load - We don't say "The White House is anti business so we'll turn down the new clients". That's fucking retarded.
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Old 11-07-2012, 07:05 PM   #129
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I am glad I couldn't get any reception today on the plane with my phone. Did you guys look at the market today?

The business community is sending Obama a message. Don't ever forget the golden rule!
yeah, they are saying they know they can only play reindeer games while republicans are in charge.
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Old 11-07-2012, 07:05 PM   #130
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If the revenue does not match the income [at least] then your logic is flawed.
Ww2 113 percent of GDP , Japan in 2010 228 percent of GDP . No it's not flawed , I don't get off on the idea of it all failing.
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Old 11-07-2012, 07:08 PM   #131
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yeah, they are saying they know they can only play reindeer games while republicans are in charge.
Perhaps..but today we got a late start because of fog and had to fly across Lake Michigan,which I don't like doing. When you fly over the lake you need to be at least 11,000 ft and the cells don't get reception.

Maybe next trip I will try the reindeer.
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Old 11-07-2012, 07:10 PM   #132
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Fuck you Tony. I am tired of your stupid attack Minte BS. I came on this evening with a light humor post about the market. And from that I now fantasize about seeing the country fail. Again,, Fuck you.

And you're right,,I know a helluva lot better than you will ever know.
Why do you have to get nasty? You were the one talking about how the market was a result of Obama and whats going to happen when the money runs out. Ive never been nasty to you.
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Old 11-07-2012, 07:10 PM   #133
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Ww2 113 percent of GDP , Japan in 2010 228 percent of GDP . No it's not flawed , I don't get off on the idea of it all failing.
it works because there is someone still willing to finance it... one day that may dry up, and when that happens shit will hit the fan...
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Old 11-07-2012, 07:11 PM   #134
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What is the world coming to - I agree with Jimmy 3 Way.

According to Minte it's bad to invest in the future under Obama. At the same time, he expanded his business with a new plant. Go figure.

Businesses don't look at who is in the White House and make business decisions based on this. Even if they did it wouldn't matter much; Nearly half of the population is from one party or the other so at any given time half of the business world wouldn't be interested in growing or expanding.

My wife owns a business which is based on hundreds of small customers who sign up for weekly or monthly training sessions on an hourly basis. If thirty new people suddenly sign up we hire a new instructor to handle the work load - We don't say "The White House is anti business so we'll turn down the new clients". That's fucking retarded.
First off, I never said I would not invest for four years. I said my company could lose money for 4 years. I also said that for the first year I would invest cautiously. Just like I have for the last 4 years.

I have been in business more than 30 years. I don't have any plans on retiring, ever.
I like my job. When there are unknown expenses looming and no one can tell you how much it will cost, no businessman that is going to last, lays all his cash down on RED and crosses his fingers,closes his eyes and prays..


READ THIS...
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Old 11-07-2012, 07:12 PM   #135
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it works because there is someone still willing to finance it... one day that may dry up, and when that happens shit will hit the fan...
At the end of the day ,i think this is a great country flawed but great and still with all the bullshit one of the most solid investments in the world.
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Old 11-07-2012, 07:23 PM   #136
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First off, I never said I would not invest for four years. I said my company could lose money for 4 years. I also said that for the first year I would invest cautiously. Just like I have for the last 4 years.
.


READ THIS...
Any serious business person invest CAUTIOUSLY all the time ... Business is not a crap table ...
You research, compile, evaluate return, tendancy, competition, demand .. and once all the T are crossed out you invest ...

Seems Obama is good for you, as if he would have been defeated, you would have invested carelessly ...

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Old 11-07-2012, 07:29 PM   #137
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Originally Posted by tony286 View Post
Why do you have to get nasty? You were the one talking about how the market was a result of Obama and whats going to happen when the money runs out. Ive never been nasty to you.
If anyone told me to my face that I dream about the country failing, one of us would be laying on the floor. If you want to insult me to the highest degree you just did.

You and Rochard go on and on. You don't read the thread and then go into attack mode.
I didn't start this thread. He thought it would be cute to dig me because I will be again paying far more than my share of tax.
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Old 11-07-2012, 07:34 PM   #138
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Any serious business person invest CAUTIOUSLY all the time ... Business is not a crap table ...
You research, compile, evaluate return, tendancy, competition, demand .. and once all the T are crossed out you invest ...

Seems Obama is good for you, as if he would have been defeated, you would have invested carelessly ...

I think you are preaching to the choir.
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Old 11-07-2012, 07:35 PM   #139
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Originally Posted by Minte View Post
If anyone told me to my face that I dream about the country failing, one of us would be laying on the floor. If you want to insult me to the highest degree you just did.

You and Rochard go on and on. You don't read the thread and then go into attack mode.
I didn't start this thread. He thought it would be cute to dig me because I will be again paying far more than my share of tax.
Well Minte that's what you talk about. If I upset you Im sorry and I wont get into these going back and forth. Life is too short. And I really dont get nasty and people feel the need to get very nasty with me. This is all bullshit at the end of the day.
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Old 11-07-2012, 07:36 PM   #140
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First off, I never said I would not invest for four years. I said my company could lose money for 4 years. I also said that for the first year I would invest cautiously. Just like I have for the last 4 years.

I have been in business more than 30 years. I don't have any plans on retiring, ever.
I like my job. When there are unknown expenses looming and no one can tell you how much it will cost, no businessman that is going to last, lays all his cash down on RED and crosses his fingers,closes his eyes and prays...

READ THIS...
My point/questions was really, aren't there ALWAYS unknown expenses looming?
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Old 11-07-2012, 07:41 PM   #141
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whoa whoa...first time i have seen Minte loose his cool.
post some car pics Minte.
btw i have not read the thread very carefully.
As a Canadian i try to stay out of US political threads these days, never makes me any friends. Instead i will try and send jedi mind control messages to our CDN leaders.
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Old 11-07-2012, 07:41 PM   #142
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Old 11-07-2012, 07:42 PM   #143
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This is so indicative of what I've been seeing that last few years in this country. Successful people being attacked because they are successful.

It makes zero sense to me.

People used to strive to be rich. Now it seems that everywhere you go there are a pack of folks attacking anybody who has made any money.

This country is really starting to get weird...Liberals love the govt., people want to give more of their hard earned money to crooked politicians in Washington, and Paul Markham has all the answers.

Not the country I grew up in . (talking about the people living in it and the attitudes they have toward WORK and success)
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Old 11-07-2012, 07:45 PM   #144
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My point/questions was really, aren't there ALWAYS unknown expenses looming?
Sure there are. Cost of goods go up and down. Energy costs go up and down. Those are factored in when jobs are quoted and priced. Labor costs only go down if you are forced to reduce the workforce. Over the years, margins have gone down. There isn't a lot of room for errors. On average, businesses like mine work on less than a 10% margin.

If someone would tell me, what my insurance costs will be in 24 months, we can plan for that. If someone would tell us that they are going to take away the rapid depreciation deduction on capital equipment we could plan for that.

This is the problem. There are tax increases...how much? There is Obamacare,how much? We already spend on average $11,000 annually per employee just on health insurance. Then there is workcomp insurance,dental,life and 401K. That 10% doesn't leave much room.
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Old 11-07-2012, 07:45 PM   #145
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Originally Posted by Robbie View Post
This is so indicative of what I've been seeing that last few years in this country. Successful people being attacked because they are successful.

It makes zero sense to me.

People used to strive to be rich. Now it seems that everywhere you go there are a pack of folks attacking anybody who has made any money.

This country is really starting to get weird...Liberals love the govt., people want to give more of their hard earned money to crooked politicians in Washington, and Paul Markham has all the answers.

Not the country I grew up in . (talking about the people living in it and the attitudes they have toward WORK and success)
No one is being attacked for being successful. I have a great respect for success.
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Old 11-07-2012, 07:46 PM   #146
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A lot of clueless people in this thread. Sad. Very fucking sad.
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Old 11-07-2012, 07:49 PM   #147
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I can understand people feeling outrage when someone avoids their fair share of taxes (a billionaire paying a lower percentage than his secretary). However, it is nonsensical to be gloating about someone else having a bigger tax bill. People in a position to help society should be doing so, and people being helped by society ought to be awfully respectful of anyone paying more to the benefit of others. It is retarded that somewhere along the way many wealthy people stopped caring about the poor and many poor people stopped respecting the wealthy people who do care about the poor. Those notions are tied to each other...as are we all.

Last edited by Relentless; 11-07-2012 at 08:01 PM..
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Old 11-07-2012, 07:50 PM   #148
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Originally Posted by Minte View Post
Sure there are. Cost of goods go up and down. Energy costs go up and down. Those are factored in when jobs are quoted and priced. Labor costs only go down if you are forced to reduce the workforce. Over the years, margins have gone down. There isn't a lot of room for errors. On average, businesses like mine work on less than a 10% margin.

If someone would tell me, what my insurance costs will be in 24 months, we can plan for that. If someone would tell us that they are going to take away the rapid depreciation deduction on capital equipment we could plan for that.

This is the problem. There are tax increases...how much? There is Obamacare, how much? We already spend on average $11,000 annually per employee just on health insurance. Then there is workcomp insurance, dental, life and 401K. That 10% doesn't leave much room.
Well you've got me there. I only employ Russian code monkeys that I pay under the table.
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Old 11-07-2012, 07:55 PM   #149
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A lot of clueless people in this thread. Sad. Very fucking sad.
agree...
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Old 11-07-2012, 07:56 PM   #150
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So who won the Election? :D
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