Alice of Old Vincennes
Major Contributor
- Joined
- Apr 5, 2019
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After hours futures trading is risky. Margin calls are less than sanguine.
Agnostic. I am collaring.Same to you.
What's your poison?
No place to store oil. Will not find buyer for delivery. Speculation is out for a while.View attachment 60614
So, futures trading for June and July crude oil delivery has been suspended.
Existing positions can be closed before expiration, but I would suppose that is likely to lead to an imbalance among speculators and those actually buying/selling crude oil, and extreme prices at the end of the contract, again.
Need to decopleMeanwhile, down under...”Australia could lose billions from Chinese government boycott threat”
https://www.smh.com.au/politics/fed...overnment-boycott-threat-20200427-p54nmh.html
"Finally, there are state-permitted reopenings: They don't seem to boost the economy either. Chetty and his team compare, for example, Minnesota and Wisconsin. Minnesota allowed reopening weeks before Wisconsin, but if you look at spending patterns in both states, Minnesota did not see any boost compared with Wisconsin after it reopened."
Great cause and effect chart. Raise tax rate to 100 per cent and economy will boom. Everybody will rush to work if they can find a business open.
You have to scroll down quite a bit before finding out how this statistic is a phony one. Comparing like for like is more honest, but won’t garner the clicks.Looking at tax brackets isn't going to tell you the effective tax rate. It's just the bracket you end up in on gross income. Say you make 39,476 gross you only pay the 22%rate on $1 if you're single. Better way to look at it is effective tax rate.
https://www.cbsnews.com/news/americ...s-pay-a-lower-tax-rate-than-the-middle-class/
High tax rates affect behavior. I have reduced output as attorney because of FICA and tax rate. Shifted to real estate rentals and and long term flips. No FICA and depreciation on rentals and long term capital gains on sales. If IRS code flipped I would increase attorney output and decrease realty.Looking at tax brackets isn't going to tell you the effective tax rate. It's just the bracket you end up in on gross income. Say you make 39,476 gross you only pay the 22%rate on $1 if you're single. Better way to look at it is effective tax rate.
https://www.cbsnews.com/news/americ...s-pay-a-lower-tax-rate-than-the-middle-class/