Loading ...@ipso facto re Why San Francisco and the whole USA Is In Trouble:
Twenty years ago, two brothers, factory owners that built high quality flexo-graph printing presses. I freelanced for them making all the sheet steel parts, guards, brackets enclosures’ etc. Gears chains wires belts all over them.
They told me in 1999 middle class was now $175,000/yr. I was surprised, but it made sense. Around here there are numerous tax absorber jobs paying $175k and up. We have senior cops making much more than that. And muster out pay often over $400k.
So, the problem in San Francisco is NOT really the high salaries for tax absorbers. That’s middle class money. Needed to get married have kids, wife home etc. The REAL problem is the LOW income salaries of non union tax PAYERS.
Some day Trump and them will figure this out. The US Gov’t should act as a labor Union that represents, and negotiates for NON union employees. For the gov’t own good. For tax income. These riots you can be sure is low income related. There were no riots like that when non union private sector starter wages were very high. Teen agers bought brand new cars with 3 year loans.
Minimum wage today to equal the good old days should be $40/hr. $1,600/week, or $83,000 annual, maybe take home $58,000? for 52 weeks? $1,115/week means you can afford $1,115 per month for rent. One weeks pay should cover the rent.
We have typical 1 bed apartments $2300/month. That means $2300 per week. That’s $119,600 annual. Middle class is the whole 3 bed house. $3500/mo? That’s $3500/week, that’s $182,000 needed here for middle class. San Fran probably has higher living costs than here.
Residents seen as milk cows
Why San Francisco Is In Trouble: 19,000 Highly Compensated City Employees Earned Over $150,000
Re Teck Stocks, Looks and Sounds Like A FAANG Fetish To Me.
“If someone has a fetish, they have an unusually strong liking or need for a particular object or activity, as a way of getting sexual pleasure” Like FAANG Stocks BONDS and REAL ESTATE … for sexual arousal.”
Or: “believed to have magical power to protect or aid its owner; broadly “
What a miracle …near 300 pt Dow rally in last 30.mins, saves the Day
and it’s still going as drooling bargain hunters hoover up those FAANGS.
@Maddog, Smile, Considering How bad The Indices Are Doing Today, Miners Not So Bad
I thought for sure miners would go down bad in sympathy by mistake. We’ve seen that before.
Indices: https://finviz.com/futures_charts.ashx?t=INDICES&p=d1
This choppy lateral action with Gold and Silver is getting boring. No way to know how much longer its going to go on. I scaled out of some recent buys that were up good enough, because its hard to tell which side of the fence the cat will jump off. Either way don’t care now. I have some extra cash.
AU AG: https://finviz.com/futures_charts.ashx?t=METALS&p=d1
GLD Chart looks like its sitting right on the lower up trend line, ready to go up. Note that high volume bar smack dab on that high point. I’ve seen that often. High volume day on a turn around day, up or down.
Stink Market taking a beating
That came out of nowhere. Unfortunately it’s taking pm shares with it.
REALITY CHECK FOR CUOMO…
if trump is “going to need an army,” guess what? he has one. and a navy… etc. he’s commander in chief of all military forces. if cuomo wants to push it far enough, he will learn that.
fortunately, for the sake of the republic, cuomo is all mouth and no spine.
Who ever is selling PM’s today is an idiot with this situation building….
Lira Sinks To Record Low As Russian Naval Drills To Commence In Mediterranean Waters Claimed By Turkey
Defund the city lol
Great comeback lol I saw Cuomo seething like a snake under a porch trying to deflect by trying to blame the virus on him which had nothing to do with the riots or lawlessness and economic mismanagement he and De Blasio caused.
treefrog
That about sums it up…never heard that expression…very descriptive …cheers
maddog 9:21
they never seem to notice what’s being done to them until they wake up in the morning with a headache, and their knickers on backwards.
Rather than watch today’s beating, this post I made last night is REALLY worth expanding your mind and knowledge…. or can you not open and play this Bitchute video? Just curious!
Hippocratic Hypocrisy. Worth absorbing what they are disclosing. The truth about Allopathic medicine
If you want to know how this “modern medicine fraud” applies to Covid-19, just skip to about 38 minutes and watch the rest. It gets very specific!
Nice little turnaround from the premarket drubbing
Hopefully we can build on it.
Old Warren will make pm’s his last great investment.
The Big W
Buffet secretly bought silver via his recent investment in Sumitomo Corporation. Sumitomo owns the San Cristobol mine in Bolivia which hosts 450 million ounces of silver. I guess Barrick just wasn’t enough for him. pic.twitter.com/FGypqjrU5a
— Chayse Andrews (@chayse1984) September 2, 2020