MARKETS,Anybody even yet?
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case
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Re: MARKETS,Anybody even yet?
ibit is a bitcoin ETF from Blackrock. It is the largest bitcoin etf. Right now the price is high but bitcoin will keep making new highs over time. I have three Canadian crypto etfs that pay a nice dividend. I bought them long before the surge in crypto at a good price and now they are on fire plus I get a great dividend.
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olds442jetaway
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Thanks Case
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olds442jetaway
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I don’t have any High Tech in my regular brokerage account, and only 15 percent stocks in my 403b, but I somehow managed a YTD high in both.
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case
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Yes it has been a good year overall. In the last 5 days bitcoin has been up 11,700 dollars. Stock markets at all time highs. When will it end?
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TripleTriple
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FAA
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NVIDIA shall not capitulate!
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olds442jetaway
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I am not so sure about that FAA. Check out the offer that Amazon just made regarding Nvidia. You can find it on yahoo business news. But Jensen Huang is one tough 24/7 workaholic so we’ll see I don’t own any, but right now, Bitcoin is running over everyone.
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wildman49
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Prepare yourself for a recession in 2025 if Elon can gut government like he did Twitter going to be ugly.
Trump names Elon Musk and Vivek Ramaswamy to ‘Manhattan Project’ for government cuts
Donald Trump has nominated billionaire Elon Musk and venture capitalist Vivek Ramaswamy to lead a newly created office designed to fire workers and make drastic cuts to government funding.
The men who could be leading an Office of Government Efficiency — or DOGE, named after Musk’s favorite meme — “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies — Essential to the ‘Save America; Movement,” Trump said in a statement on Tuesday.
“This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!” Musk added.
Trump compared the office to the Manhattan Project, which developed the world’s first atomic bombs.
The president-elect teased a role for Musk in his administration earlier this year; Musk announced at Trump’s Madison Square Garden rally on October 27 that he intends to slash “at least $2 trillion” from the nation’s budget, or roughly by one-third.
The world’s wealthiest man has already pumped tens of millions of dollars into Trump’s campaign while relying on an influential social media platform he owns, where he embraces right-wing influencers and conspiracy theories for an audience of more than 200 million users.
Musk also has business interests with China and Russia’s Vladimir Putin’s regime while his companies receive billions of dollars in US government contracts.
Trump’s proposed Department of Government Efficiency “will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large scale structural reform, and create an entrepreneurial approach to Government never seen before,” according to Trump.
Their work will conclude no later than July 4, 2026, Trump said.
“A smaller Government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence. I am confident they will succeed!” he added.
Ramaswamy, who briefly ran for the Republican nomination for president as a Trump booster, has previously endorsed mass government layoffs through executive actions.
“Large-scale reductions in force are absolutely the method that I’ll be using,” he said last year.
Right-wing think tanks like the Heritage Foundation and America First Policy Institute have also supported mass firings, targeting civil service workers and nonpartisan officials deemed disloyal to the president-elect’s agenda, and opening the door for an army of loyalists.
Ramaswamy told The New York Times last month that Trump’s first step in office should be “firing a lot” of employees — comparing those firings to Musk’s first months at Twitter, now X, which be bought for $44 billion then fired thousands of employees and effectively stripped content moderation from the platform.
“If you look at the efficiency commission that we’re talking about right now, is the goal of that to rehire a bunch of those bureaucrats?” Ramaswamy said. “That’s not the character of, certainly, what Elon did at Twitter, and I don’t think it’s going to be the character of what the most important part of that project actually looks like, which is shaving down and thinning down the bureaucracy.”
Musk, meanwhile, has appeared to concede that Trump’s sweeping economic agenda will tank the economy, and Americans could experience “temporary hardship” for “long-term prosperity.”
Trump’s announcement came amid a flurry of nominations from the president-elect to lead his administration when he takes office on January 20.
Government watchdogs say actual waste amounts to less than $300 billion a year. Last year, House Republicans fought off severe austerity budget proposals from their far-right flank, and Trump failed to make deep cuts to domestic programs during his administration after his signature sweeping tax cuts that largely benefited corporations and high earners. Trump now wants to make those cuts permanent.
Economists have argued that writing off one-third of domestic spending as “wasteful” would not only be devastating across the board, it would be practically impossible to implement.
The Independent is the world’s most free-thinking news brand, providing global news, commentary and analysis for the independently-minded. We have grown a huge, global readership of independently minded individuals, who value our trusted voice and commitment to positive change. Our mission, making change happen, has never been as important as it is today.
Trump names Elon Musk and Vivek Ramaswamy to ‘Manhattan Project’ for government cuts
Donald Trump has nominated billionaire Elon Musk and venture capitalist Vivek Ramaswamy to lead a newly created office designed to fire workers and make drastic cuts to government funding.
The men who could be leading an Office of Government Efficiency — or DOGE, named after Musk’s favorite meme — “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies — Essential to the ‘Save America; Movement,” Trump said in a statement on Tuesday.
“This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!” Musk added.
Trump compared the office to the Manhattan Project, which developed the world’s first atomic bombs.
The president-elect teased a role for Musk in his administration earlier this year; Musk announced at Trump’s Madison Square Garden rally on October 27 that he intends to slash “at least $2 trillion” from the nation’s budget, or roughly by one-third.
The world’s wealthiest man has already pumped tens of millions of dollars into Trump’s campaign while relying on an influential social media platform he owns, where he embraces right-wing influencers and conspiracy theories for an audience of more than 200 million users.
Musk also has business interests with China and Russia’s Vladimir Putin’s regime while his companies receive billions of dollars in US government contracts.
Trump’s proposed Department of Government Efficiency “will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large scale structural reform, and create an entrepreneurial approach to Government never seen before,” according to Trump.
Their work will conclude no later than July 4, 2026, Trump said.
“A smaller Government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence. I am confident they will succeed!” he added.
Ramaswamy, who briefly ran for the Republican nomination for president as a Trump booster, has previously endorsed mass government layoffs through executive actions.
“Large-scale reductions in force are absolutely the method that I’ll be using,” he said last year.
Right-wing think tanks like the Heritage Foundation and America First Policy Institute have also supported mass firings, targeting civil service workers and nonpartisan officials deemed disloyal to the president-elect’s agenda, and opening the door for an army of loyalists.
Ramaswamy told The New York Times last month that Trump’s first step in office should be “firing a lot” of employees — comparing those firings to Musk’s first months at Twitter, now X, which be bought for $44 billion then fired thousands of employees and effectively stripped content moderation from the platform.
“If you look at the efficiency commission that we’re talking about right now, is the goal of that to rehire a bunch of those bureaucrats?” Ramaswamy said. “That’s not the character of, certainly, what Elon did at Twitter, and I don’t think it’s going to be the character of what the most important part of that project actually looks like, which is shaving down and thinning down the bureaucracy.”
Musk, meanwhile, has appeared to concede that Trump’s sweeping economic agenda will tank the economy, and Americans could experience “temporary hardship” for “long-term prosperity.”
Trump’s announcement came amid a flurry of nominations from the president-elect to lead his administration when he takes office on January 20.
Government watchdogs say actual waste amounts to less than $300 billion a year. Last year, House Republicans fought off severe austerity budget proposals from their far-right flank, and Trump failed to make deep cuts to domestic programs during his administration after his signature sweeping tax cuts that largely benefited corporations and high earners. Trump now wants to make those cuts permanent.
Economists have argued that writing off one-third of domestic spending as “wasteful” would not only be devastating across the board, it would be practically impossible to implement.
The Independent is the world’s most free-thinking news brand, providing global news, commentary and analysis for the independently-minded. We have grown a huge, global readership of independently minded individuals, who value our trusted voice and commitment to positive change. Our mission, making change happen, has never been as important as it is today.
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FAA
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That’s real bad news, Olds! The behemoth bites back. Just when everything looked so rosy, too. Their own damn chips indeed! Amazon bought Annapurna Labs in 2015, so I suppose investors should have seen the oncoming train coming to crash the party but good.
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notes12
- Forum Rookie
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according to Forbes, eighty three billionaires supported Harris, 50% more than supported Trump.
Continue with Google