The Economy

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PAC-10-BEAR
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2:04a, 5/2/26
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movielover
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In reply to PAC-10-BEAR • 12:58p, 5/2/26
Capital expenditure (CapEx) in 2026 is projected to hit a record-shattering $725 billion, a 77% increase over 2025 levels.
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PAC-10-BEAR
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In reply to dajo9 • 2:00p, 5/2/26
dajo9 said:
Donald Trump has suggested a corporate bailout for bankrupt Spirit airlines. Remember, this is the same Donald Trump who withdrew Federal subsidies for the American healthcare in the Affordable Care Act. The same Donald Trump who bailed out Argentina.

Donald Trump doesn't care about average Americans. Never has. Never will.


Meanwhile, Elizabeth Warren is taking heat over Spirit Airlines shutting down after she helped block a Spirit and JetBlue merger.
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PAC-10-BEAR
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In reply to DiabloWags • 3:48p, 5/2/26
DiabloWags said:
oski003 said:
dajo9 said:
Donald Trump has suggested a corporate bailout for bankrupt Spirit airlines. Remember, this is the same Donald Trump who withdrew Federal subsidies for the American healthcare in the Affordable Care Act. The same Donald Trump who bailed out Argentina.

Donald Trump doesn't care about average Americans. Never has. Never will.

https://www.cnbc.com/2026/04/22/spirit-airlines-rescue-trump-administration.html

Well, JetBlue acquired Spirit in 2022, but Biden's DOJ blocked it. Clearly, that was a poor decision.


Anti-Trust Concerns



Office of Public Affairs | Justice Department Statements on JetBlue Terminating Acquisition of Spirit Airlines | United States Department of Justice

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PAC-10-BEAR
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3:54p, 5/2/26
Wags wasted 2 pages on this thread arguing about a hypothetical bailout that never happened. Also...


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Cal88
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In reply to PAC-10-BEAR • 5:42a, 5/3/26
Yeah because the healthcare system is awesome.

Meanwhile,


Trump has wrecked farmers for Bibi.
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cal83dls79
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9:29a, 5/3/26
Wags and others wasted 2 pages or more warning us that farmers would be sucking wind because of these tariffs and now the fertilizer f up.
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movielover
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In reply to cal83dls79 • 10:27a, 5/3/26
I didn't see them complain when Biden's Covid Trillions sent inflation to historic levels, along with the Green New Folly.
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cal83dls79
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In reply to movielover • 12:00p, 5/3/26
movielover said:
I didn't see them complain when Biden's Covid Trillions sent inflation to historic levels, along with the Green New Folly.
neither did I, but the topic here is the economy, specifically tariffs
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SBGold
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3:25p, 5/3/26
https://nypost.com/2026/05/02/business/ai-spending-is-keeping-the-us-afloat-while-the-iran-war-has-prevented-an-economic-recession/


AI spending and that's it

VOTE BLUE and VOTE GAVIN

Sensible economic governance
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movielover
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In reply to SBGold • 3:43p, 5/3/26
The drones haven't calculated in yet the increase in oil/ LNG exports, and new warehouse construction --> new local manufacturing.

POTUS touts $100 B in New/ retooled auto manufacturing plants.

TSMC - semiconductor fabrications / chips - is expanding its U.S. footprint with a new $100 billion investment aimed at building five advanced fabrication facilities in Arizona. This expansion, reaches a total $165 billion commitment. Will create 40,000 construction jobs?

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SBGold
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In reply to movielover • 4:14p, 5/3/26
Doubtful, that will all be red state grift if nothing else

Those red states are like the 3rd World right here in the U.S.

VOTE BLUE and VOTE GAVIN
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movielover
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In reply to SBGold • 4:23p, 5/3/26
What? Citizens are abandoning Blue states, Blue cities, in favor of Red states. Red states are booming, that population shift, and the new ruling by the Supremes, will net the GOP 30 - 40 House seats over the next five years.

Vancouver - a mess.
Seattle - a mess. Even Starbucks abandoned them, taking 2,000+ jobs away.
Portland - mess.
San Francisco - a mess.
Los Angeles - an unmitigated disaster.
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SBGold
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In reply to movielover • 4:28p, 5/3/26
Texas a mess

Miss is a mess

Florida the messiest

Alabama horrid

South Carolina a total joke

Ohio, oh my gosh see attached
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Cal88
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9:58a, 5/4/26
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Cal88
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10:03a, 5/4/26


Higher mortgage rates, inflation, on the way.
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SBGold
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In reply to Cal88 • 12:44p, 5/4/26
Cal88 said:


Higher mortgage rates, inflation, on the way.

Thanks Trump, way to manage our economy
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smh
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In reply to SBGold • 1:22p, 5/4/26
SBGold said:
Cal88 said:
..Higher mortgage rates, inflation, on the way.

Thanks Trump, way to manage our economy

one suspects sometimes your comments are sarcastic
sighned, not dead yet # funk trunk; i.c.e. too
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SBGold
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In reply to smh • 2:12p, 5/4/26
smh said:
SBGold said:
Cal88 said:
..Higher mortgage rates, inflation, on the way.

Thanks Trump, way to manage our economy

one suspects sometimes your comments are sarcastic

Glad that we can agree!
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DiabloWags
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In reply to Cal88 • 5:13p, 5/4/26
Cal88 said:


Higher mortgage rates, inflation, on the way.


The bond market knows what's going on.
Never mind 3 Fed Governors who voted to oppose the signaling of a rate cut which is no longer more likely than a rate hike. Did you hear that Mr. Warsh?

Cant wait to park some money in the 2 year above 4%.
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DiabloWags
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In reply to movielover • 5:52p, 5/4/26
movielover said:
Capital expenditure (CapEx) in 2026 is projected to hit a record-shattering $725 billion, a 77% increase over 2025 levels.


It's called Ai.

And given the daisy chain of relationships and heavy debt loads with no profitability in sight, it most likely wont end well.

Never mind depreciating Ai chips over 5 -6 years that have a useful life of 2 - 3 years, what could go wrong?

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DiabloWags
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In reply to PAC-10-BEAR • 6:08p, 5/4/26
PAC-10-BEAR said:
Wags wasted 2 pages on this thread arguing about a hypothetical bailout.


Cool story.

I never advocated for a Spirit Airline bailout.
That was 47 looking to throw good (taxpayer) money after bad.

Thankfully, there was an adult in the room (Transportation Secretary) who thought it was a bad idea and told 47 to stop talking nonsense.
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oski003
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In reply to DiabloWags • 6:17p, 5/4/26
DiabloWags said:
PAC-10-BEAR said:
Wags wasted 2 pages on this thread arguing about a hypothetical bailout.


Cool story.

I never advocated for a Spirit Airline bailout.
That was 47 looking to throw good (taxpayer) money after bad.

Thankfully, there was an adult in the room (Transportation Secretary) who thought it was a bad idea and told 47 to stop talking nonsense.


Nobody said you advocated for a Spirit Airline bailout.
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DiabloWags
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In reply to movielover • 6:18p, 5/4/26
movielover said:


Record oil sales: "In April 2026, U.S. crude oil exports were reported to have hit a new record of 6.44 million barrels per day for the week ending April 24."

2024: 4.1 m/bpd


Why isnt Trump keeping that oil here in the U.S. to try and lower gasoline and jet fuel prices?

Can you answer my question?
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concordtom
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In reply to movielover • 6:30p, 5/4/26
movielover said:
I didn't see them complain when Biden's Covid Trillions sent inflation to historic levels, along with the Green New Folly.


Ah, you've tied inflation to Covid. Now that's an interesting connection on your part.

Since Covid was a global phenomenon - and because I read somewhere recently that the world experienced the same post-Covid bounce that we did - I decided to look up inflation globally.

I wonder, do you think Biden was responsible for all that?

Selected countries at random:





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movielover
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In reply to DiabloWags • 6:31p, 5/4/26
Bc he's adding more gold leaf to the East Ballroom.
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DiabloWags
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In reply to movielover • 6:34p, 5/4/26
movielover said:
Bc he's adding more gold leaf to the East Ballroom.


Thanks for the genuine answer in good faith.

Do you have to check to see what Amuse tweets first?
Or do you just not want to engage in good faith discussion here?

I will ask one more time.
Why is 47 allowing 6.44 mind to be EXPORTED?

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movielover
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In reply to concordtom • 6:37p, 5/4/26
The Trump Admininstration and CONgress opened up the vault the first time, Cares Act and Round 2 added $3.1 Trillion in new spending.. not to be outdone, Biden / Pelosi / Progs added a third round of Free Money, the American Rescue Plan Act of 2021, a $1.9 trillion package.
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concordtom
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In reply to DiabloWags • 6:43p, 5/4/26
DiabloWags said:
movielover said:
Capital expenditure (CapEx) in 2026 is projected to hit a record-shattering $725 billion, a 77% increase over 2025 levels.


It's called Ai.

And given the daisy chain of relationships and heavy debt loads with no profitability in sight, it most likely wont end well.

Never mind depreciating Ai chips over 5 -6 years that have a useful life of 2 - 3 years, what could go wrong?




Could you put your teacher hat on and explain to me the dire consequences of that? Is it the short depreciation schedule or the fact that the timelines don't match?

By the way, Welcome Back!
That didn't last long.


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DiabloWags
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In reply to concordtom • 6:59p, 5/4/26
Because they are acting as if the useful life is 5 to 6 years, instead of 2 to 3 max, they are inflating their profits by 20% given a depreciation schedule that does not match the useful life of the server.

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PAC-10-BEAR
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In reply to DiabloWags • 7:35p, 5/4/26
DiabloWags said:
PAC-10-BEAR said:
Wags wasted 2 pages on this thread arguing about a hypothetical bailout.

Cool story.

I never advocated for a Spirit Airline bailout.
That was 47 looking to throw good (taxpayer) money after bad.

Thankfully, there was an adult in the room (Transportation Secretary) who thought it was a bad idea and told 47 to stop talking nonsense.

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concordtom
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In reply to DiabloWags • 10:17p, 5/4/26
DiabloWags said:
Because they are acting as if the useful life is 5 to 6 years, instead of 2 to 3 max, they are inflating their profits by 20% given a depreciation schedule that does not match the useful life of the server.



But, wouldn't the opposite be true? Because profits are only booked when earned, and in the example, earnings will be less in years 5-6. Expecting income that won't materialize.

And

Depreciating over 5 years means you get to deduct 20% of the cost each year, but if they deducted over 3, 33% per year, they get more benefit sooner.

So they are screwing themselves both ways. No?


Maybe you are suggesting that they've advertised to investors that the benefit of current investment will last longer than it actually will and so thus creates a valuation bubble.
Is that your point?
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cal83dls79
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In reply to concordtom • 3:59a, 5/5/26
concordtom said:
DiabloWags said:
Because they are acting as if the useful life is 5 to 6 years, instead of 2 to 3 max, they are inflating their profits by 20% given a depreciation schedule that does not match the useful life of the server.



But, wouldn't the opposite be true? Because profits are only booked when earned, and in the example, earnings will be less in years 5-6. Expecting income that won't materialize.

And

Depreciating over 5 years means you get to deduct 20% of the cost each year, but if they deducted over 3, 33% per year, they get more benefit sooner.

So they are screwing themselves both ways. No?


Maybe you are suggesting that they've advertised to investors that the benefit of current investment will last longer than it actually will and so thus creates a valuation bubble.
Is that your point?
it's the chips themselves that are rendered obsolete. The soft costs of these AI initiatives (many fail) are massive as well. How much of those get lumped into depreciable assets? When do you write an AI project off? Must be some challenges for accounting firms out there and lots of room for tricks. More reason to continue quarterly audits and guidance.
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DiabloWags
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In reply to movielover • 11:05a, 5/5/26
You might want to wait until this Friday when the NFP number for April comes out.
I've seen some estimates of a whopping +55,000

Down from 178,000 in March.

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DiabloWags
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In reply to movielover • 11:14a, 5/5/26
movielover said:
VallejoWags was pushing 1.2% AtlantaFed GDP figure, 2.0% a big jump.


The Street consensus was for 2.2% so it was still less than expected.
Never mind that this isn't the FINAL Q1 GDP Number.
The second estimate comes out May 28th.

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