Anything that Bidenomics can do, the Fed can do better.
Well, maybe not.
The Federal Reserve is basing their entire plan on a simple economic graph, called the Phillips Curve. The problem is the model is broken. It was broken in the 1920's when it was first introduced to the Fed, and it's broken now, a century later.
That broken model is supposed to show that there is an inverse relationship between interest rates and unemployment. Unfortunately for the knucklehead that created it, the curve shows not such thing. Even more unfortunately, every Federal Reserve Board leader has believed it tot be true. This leads to another basic question of economics and governance: Why do we trust fools who believe in following a discredited model to act as the ones to control our entire economy? It's like we're trusting the Soviet Politvuro to run our national economy!
We need to re-claim the economy from the idiots we have allowed to control it for the last century! They have proven their incompetence; why do we still allow them to exist?
This morning I read a report on Diebold, a very stable company with sales up 30M over last year. They have filed in Germany for a bankruptcy relief and will file in the US shortly. They have increased interest expenses due to the FED raise. But it apparently was the feds who encouraged companies to fund operations out of cheap loans. Howmany more well heeled companies are facing the same predicament?
I am pulling my hair out. I set up a series LLC because it is the fastest way to set up multiple small businesses with limited liability protections and limit extensive accounting and meetings etc.
I come to find out that the IRS only the issues 1 EIN number per day per eligible person, they are not open on weekends or federal holidays (I believe). So if I want to build 50 duplexes in an area where there is a housing shortage and have each duplex have its own EIN number the whole project has to change or I have to run a liability risk. This is crazy.
There are rules and regulations on the books that make no sense at all.
So, if we look at the commercial real estate market, and I want to take a large downtown office building and break it up into separate entities for a residential conversion for example, and I am a small business pinching pennies to make it work, the road is paved with obstacles such as you can only get 1 EIN number a day from the IRS so what is the point of setting up a series LLC? At the very least the IRS could ask if the LLC is set up in one of the states where series LLCs are allowed and if so provide documentation that you have set up a series LLC, in which case they will waive the 1 EIN number a day.
There are so many simple solutions to our problems.
Anything that Bidenomics can do, the Fed can do better.
Well, maybe not.
The Federal Reserve is basing their entire plan on a simple economic graph, called the Phillips Curve. The problem is the model is broken. It was broken in the 1920's when it was first introduced to the Fed, and it's broken now, a century later.
That broken model is supposed to show that there is an inverse relationship between interest rates and unemployment. Unfortunately for the knucklehead that created it, the curve shows not such thing. Even more unfortunately, every Federal Reserve Board leader has believed it tot be true. This leads to another basic question of economics and governance: Why do we trust fools who believe in following a discredited model to act as the ones to control our entire economy? It's like we're trusting the Soviet Politvuro to run our national economy!
We need to re-claim the economy from the idiots we have allowed to control it for the last century! They have proven their incompetence; why do we still allow them to exist?
⅔, ¾, “soft landing” but gear-up ain't pretty. No miracle on the Hudson?
The most common cause of gear-up landings is the pilot simply forgetting to extend the landing gear before touchdown ― Bidenomics³ ⚂
This morning I read a report on Diebold, a very stable company with sales up 30M over last year. They have filed in Germany for a bankruptcy relief and will file in the US shortly. They have increased interest expenses due to the FED raise. But it apparently was the feds who encouraged companies to fund operations out of cheap loans. Howmany more well heeled companies are facing the same predicament?
More than a few....
The US Government is also spending $’s like drunk sailor. P = (M * V)/Y
I do not know how to send this to Mr. Navarro.
I am pulling my hair out. I set up a series LLC because it is the fastest way to set up multiple small businesses with limited liability protections and limit extensive accounting and meetings etc.
I come to find out that the IRS only the issues 1 EIN number per day per eligible person, they are not open on weekends or federal holidays (I believe). So if I want to build 50 duplexes in an area where there is a housing shortage and have each duplex have its own EIN number the whole project has to change or I have to run a liability risk. This is crazy.
There are rules and regulations on the books that make no sense at all.
So, if we look at the commercial real estate market, and I want to take a large downtown office building and break it up into separate entities for a residential conversion for example, and I am a small business pinching pennies to make it work, the road is paved with obstacles such as you can only get 1 EIN number a day from the IRS so what is the point of setting up a series LLC? At the very least the IRS could ask if the LLC is set up in one of the states where series LLCs are allowed and if so provide documentation that you have set up a series LLC, in which case they will waive the 1 EIN number a day.
There are so many simple solutions to our problems.
⅔, ¾, “soft landing” but gear-up ain't pretty. No miracle on the Hudson?
The most common cause of gear-up landings is the pilot simply forgetting to extend the landing gear before touchdown ― Bidenomics³