Buffett says economy never better

The Dude said:
Are capital gains in a 401k taxes?
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Nope, that is not a tax shelter in the sense that people usually think about them. As I suspected, you are trying to pass yourself off as a bigger deal than you are. Everyone on this board who has a 401K has the same advantage. So you aren't doing anything special. Unless you are doing something other than your 401K then I just laugh at you.

I bet the biggest part of Warren Buffet's wealth is "sheltered" in a 401K huh bubeleh?
 
I never said I was bigger than anyone
Just that I made it to a million faster than the average millionaire by 10 years
 
The Dude said:
Same as I have been saying
I'll take the most successful investor ever over a bunch of middle class teabaggers
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the problem with the 1% is that they seem to forget that there are three different economies nationwide. that 1% economy might be better than ever, the middle class economy might be lagging or even decreasing, the lower income class can be seen to be improving somewhat. that does not mean the economy is better than ever, except for that 1%
 
SmarterthanYou said:
the problem with the 1% is that they seem to forget that there are three different economies nationwide. that 1% economy might be better than ever, the middle class economy might be lagging or even decreasing, the lower income class can be seen to be improving somewhat. that does not mean the economy is better than ever, except for that 1%
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Nice try and inequality will make it worse
Your family lives better than Rockefeller did in the thirties
 
SmarterthanYou said:
how well did Rockefeller live in the thirties?
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The point Buffett was making is that trans portion is cheaper, entertainment is cheap and everywhere.
The general standard of living is way better in his lifetime. He says those born today will have it better than ever before.
I agree
 
The economy is good.

There are things to work on, but Ill take slow steady 7 years of growth over a quick sugar surge followed by another recession any day of the week.
 
Jarod said:
The economy is good.

There are things to work on, but Ill take slow steady 7 years of growth over a quick sugar surge followed by another recession any day of the week.
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Keep your head in the sand. This is the worst recovery in history. GDP barely above 3%. But, I know you are obligated to believe that things are great
 
The Dude said:
The point Buffett was making is that trans portion is cheaper, entertainment is cheap and everywhere.
The general standard of living is way better in his lifetime. He says those born today will have it better than ever before.
I agree
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much of that is to advancements in technology ,medicine, food production in Asia.

It doesn't take into account enviornmental destruction - the Amazon is become a series of "logger road" /oceans are acidification
or barren coral reef and fisheries. And of course global warming which is a symptom of all man's activities.

I doesn't take into account the USA funding entitlement programs in a $19 trillion debt economy either.
Or energy prices so low people don't really need to budget much money for fuel -pocket change and loose dollars will cover that,,
Drug prices are through the roof.

Things were really fantastic on the Titanic until it hit the iceberg. we are living on borrowed money.
 
anatta said:
much of that is to advancements in technology ,medicine, food production in Asia.

It doesn't take into account enviornmental destruction - the Amazon is become a series of "logger road" /oceans are acidification
or barren coral reef and fisheries. And of course global warming which is a symptom of all man's activities.

I doesn't take into account the USA funding entitlement programs in a $19 trillion debt economy either.
Or energy prices so low people don't really need to budget much money for fuel -pocket change and loose dollars will cover that,,
Drug prices are through the roof.

Things were really fantastic on the Titanic until it hit the iceberg. we are living on borrowed money.
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Bullshit wars by both parties play a huge part in the debt
I'd love the to cut the shit out of entitlements
After they cut 50 percent from the military
 
The economy is not that good. But I will say this: pretty much everyone on the right said the stimulus would RUIN the economy, and send us into a long-term depression. It did not.

Considering where this economy was in '09, we ARE in pretty good shape. It's a weak recovery - but the fact that it is a recovery, and that people are hiring, is something to feel positive about. The predictions at the time were much more gloomy.
 
Thing1 said:
The economy is not that good. But I will say this: pretty much everyone on the right said the stimulus would RUIN the economy, and send us into a long-term depression. It did not.

Considering where this economy was in '09, we ARE in pretty good shape. It's a weak recovery - but the fact that it is a recovery, and that people are hiring, is something to feel positive about. The predictions at the time were much more gloomy.
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You can't name a time when median wages were higher
When we had more millionaires or more fat poor people
When they show people starving, they aren't fat
 
And we all know Buffet never ever says things just to feather his own nest...

Real gdp < 3% for 10 years. It's not done that poorly. The can has been getting kicked down the road but even Yellan says they have nothing for what's coming.
 
Celticguy said:
And we all know Buffet never ever says things just to feather his own nest...

Real gdp < 3% for 10 years. It's not done that poorly. The can has been getting kicked down the road but even Yellan says they have nothing for what's coming.
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No one is saying growth is great
But the whining about a terrible economy is not supported by numbers
 
The Dude said:
Bullshit wars by both parties play a huge part in the debt
I'd love the to cut the shit out of entitlements
After they cut 50 percent from the military
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Military has been cut way back ( sequester), but you can't have unchecked China and Russian expansionism either.

I think it's more then past time to means test SSA -do you think Buffet would give up his? I do.
 
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