Comments by "Mark Armage" (@markarmage3776) on "Bloomberg Television" channel.

  1. This comedian is finished and he still seems clueless about it. That's what too much CNN will do to you.
    12
  2. Because that factory is basically a Chinese company. They employ Chinese workers and engineers while the government controls the price indirectly. Tesla cars are 25% more expensive in the US.
    5
  3. In this case, it's no longer Serbia against the world. even the Australian people is angry at this decision.
    4
  4. How come she's not fired yet? She rode the bubble to the top and then fall down as soon as it pops. Proving she had no idea what she's doing.
    3
  5. If you've been watching for a while you should have known that she use the make belief argument for every scenario of the market. And just like a crippling gambling addict, that's a no no.
    3
  6. It's more than that darling. The people starting to show indignant of the unacceptable style of management here. The rule is unclear, the execution of such rule is incompetent, therefore the rule can not be enacted. Mistreatment of an individual is the fault of the government. Start to cope with that. You can't just grant people visa and then say oops, I apologize, that's incompetence.
    2
  7.  @josephhoward4697  Yeah, both you and your friends made serious mistakes, pal. Because your friend cash out before they gain back their money. If they're buying the dip, then if it crashes more, then they have to wait longer until it bounce back up, eventually it will bounce back up. If they listen to Mr Market and sell just because everybody else is selling and price is going down then they have no idea what they're doing. And neither did you know what you're doing. There's absolutely no reason for the stock to rise in the last 2 years. You got lucky, pal. You bought the bubble while it is expanding and seemingly cash out before it pops. That's not skill, that's pure luck. Because you still have no idea why it went up or why it went down. You just gambled and got lucky. Sane People time the bottom not to win immediately, that's where your friends did wrong. You time the bottom to maximize profits in the long run. Had your friends hold it until it recovers, they would have made serious profits. As long as they choose solid stocks, they don't need to "cut loses" because those companies will last far beyond into the future. So that's where you and your friends go wrong. Both you and your friends have no idea what you're doing. You bought on the way up, it's called FOMO, you got lucky it didn't pop in your face. Enjoy the money because if you keep doing that, you won't make any more of it. Your friends cut loses quickly because they listen to the market and follows the crowd. Different outcome doesn't mean one side was correct and the other side was wrong. If two people both gambled, even if one person won and the other person lost, both of them are idiots.
    2
  8. There's no competition here, one side is so far ahead that it's not even a fair fight.
    2
  9. Saudi Arabia isn't brought into this group, they apply to be in this group. Don't confuse the two.
    2
  10. Now that's just pathetic, Sorkin's works should be treated with some decent respect, his work is the only thing deemed worthy of the art nowadays. Jeff Daniels has really gone down.
    1
  11. No, you really can't. It's slightly more complicated than what the simpletons can comprehend so you need to study, homeboy. Ignorance is fatal.
    1
  12.  @TheSolarScience  Where is that citation, you clown? You're claiming that the bail out is more than what the country actually produced, that is impossible, because it's impossible. Money doesn't fall from the sky just because you write on a piece of paper.
    1
  13.  @TheSolarScience  You know, when i started to consider that you are a serious person with real facts, I start to read the document which you gave, and it's total nonsense. Don't be a troll, pal. I don't know where you get these kind of soundbite but it's not going to work among real people with real intelligence. The 2 documents link you provided, either you didn't read them at all, or you're just too stupid to understand what it means. First, "GAO, Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance, GAO-11-696. Table 8 (page 131), 2011". Read page 130, pal, they specifically pointed out that the amount of money is accumulated due to the renewal of each loans, pal. PCDF loans which are renewed daily, let banks borrow money for one night, in exchanged of a collateral asset, and pay back the money the next day. However, during the financial crisis, the loans are made in the form of multiple loans in a row for the same asset. The first day you borrow money for an asset, the next day you return the money and borrow the money again, letting the same asset in as a collateral. These loans are accumulated as daily loans. But they are for the same asset, therefore it's just one amount of money. So your 16 trillions claim is actually 160 billions, because the loans are made in the span of 100 days. Don't just repeat the soundbite, read the actual report. Second "Levy Institute estimated the bailout cost to be $29 trillion (Levy Institute, Working Paper No. 698, December 2011", this report fails in page 5. If you had read it, it shows clearly the "trillion" word here, comes mostly from credit extension, which by the name, is not actually money being drawn out, it's called money capable of being drawn out. Being calculated so that if a bank has assets, they can withdraw how much money as loans. In the case of AIG, in 2009, they're valued low because of low liquidity, but in fact, they held multiple assets which can not be sold, but they are still assets that can produce wealth in long term. For example, a building is worth zero if nobody's willing to buy it, but it's still a building, the value of it is estimates in billions, because it's not the current price, but estimation of future price. The credit extension by the Feds, even though are trillions, are very much in line with what assets AIG have at the time, they also hold asset of nearly trillion. So yeah, with after finding fatal flaw in those 2 document alone, I decided that you're a troll, and it's probably too complicated for you to understand what I've just explained. So here, GO BACK TO SCHOOL, TROLL, DON'T REPEAT THE SOUNDBITE, IT'S NOT TRUE.
    1
  14.  @TheSolarScience  You still don't know anything, pal, I don't know where you get these propaganda, I admit, these propaganda are effective and it sounds like they're solid, but that only works with little kids. Read the real report troll, I just pointed out the lies you make. Pathetic. You can't make dollars out of thin air, because that is not real money, if it's not real money, you can't trade it therefore it loose the value of being dollars. Credit, loans, they're all required to be backed up with physical assets, the only money not backed by anything is the physical dollar bill, they can print it, and there are only 1.5 trillions in circulation. So your claim of 60 trillions, it's ridiculous, I pointed out the flaws, you're troll, I suspect, so stop spreading lies
    1
  15.  @TheSolarScience  So your 2 only verifiable document was shred to pieces so now you go on to base your ridiculous argument based on hearsay? 1. And pal, I have destroyed your lies about the " GAO, Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance, GAO-11-696. Table 8 (page 131)", so yeah, re typing that is just pure trolling. Read page 130, they specified in their own reports why the 16 trillions number is stupid, for the likes of you. https://www.gao.gov/new.items/d11696.pdf, page 130, pal. 2. "Levy Institute, Working Paper No. 698, December 2011, $29,000,000,000,000: A Detailed Look at the Fed’s Bailout by Funding Facility and Recipient". Again, this piece of evidence was also debunked, page 5, read closely, pal. Extension credit, not loans, not money. Learn some math. 3. The testimony of the people given above is not about the money being given out in the bailout, you troll, it's about the potential losses of every default swap on the market. Which it will be 62 trillions, if every single swaps being defaulted. And it has nothing to do with the bail out money because the bail out is only 180 billions. The potential losses of 62 trillions, is not referring to AIG alone, it's referred to the entire market of swaps, and if you actually heard the testimony. https://www.c-span.org/video/?281644-1/aig-bailout-oversight-hearing-panel-1&start=5435 1:31:27. The total amount of debt is substantially less because every swap are made against one another, so if a company wins, another company loss, and that loosing company might win on some of the swaps as well, the worst case scenario is 17 trillions. And that number has no yet to occur, because if that's so, then there would be some really wealthy people walking the planet cashing in from credit default swaps. https://www.pbs.org/newshour/economy/if-the-amount-of-62-trillion-d Poor troll, you see, when you try to lie but provide real evidence, it's very easy to tore your lies apart. Because they're lies. 4. Your claim of withholding of disclosure, has nothing to do with the the figure 62 trillions, the report only says about the threat and the liabilities of the federal reserve acting as an independent agency providing loans. And yes, they might have loss billions, but it's no where near your conspiracy theory of "trillions". YOU ARE A BIG FAT LIAR. Your proclaim "facts" are actually not facts but lies, you're either intentionally lying about the reports you quote, or you're too stupid to understand what the report accurately say. Nice try, you troll. You don't proclaim to know anything, probably because you barely know anything. Learn to read reports properly. Last time, I destroyed only 2 of your fake evidence to spare you your dignity. But this time I destroyed all of your fake evidence. Have some shame, kid.
    1
  16.  @TheSolarScience  You didn't do any review at all, kid. You don't know anything, you quote the material, and then you lie what the material actually is. I just pointed them out. Pal, the material is worthless if you don't how to read it. So first off, learn to read.
    1
  17.  @TheSolarScience  You still do not read, huh, kid? https://www.pbs.org/newshour/economy/if-the-amount-of-62-trillion-d 60 trillion is the amount of swaps available on the market owned by every bank, not just AIG, also Goldman, JP Morgan, Bank of America, everyone, not just AIG, and in that hearing, 5 congressman mentioned the amount in their questions, and the answer debunked that number in the minute blow, why don't you stop being a moron? https://www.c-span.org/video/?281644-1/aig-bailout-oversight-hearing-panel-1&start=5435 1:31:27, your number is debunked. The estimate if every swaps is defaulted, which didn't happen, the cost will be only 17 trillions, but that shall never happen, because it didn't happen, nobody cashed in the swaps, because they know by doing so, they shall destroy the US economy. The withholding from disclosure has nothing to do with 60 trillion, you only have that the withholding is withholding information. It could withhold a few billions, it withhold just a few hundred millions. Even in the report you cite, they only uses billions, you can not make up a number and then use the fact that they're withholding information, to claim that your number is correct. So yeah, kid, you have been destroyed, here. Like I said, go back to school, you troll. Nobody finds that you're correct, because you're not correct. In the reports you quote, they pointed out why you're not correct. So why don't you go back to school and stop living in a bubble?
    1
  18.  @TheSolarScience  The final questions are simple, Did they lend out money to the banks? YES. Did they withheld information while doing so? YES Is the number 60 trillions correct? NO The report you cite destroys your argument, probably because you don't know how to read those reports. You have been destroyed, pal, go back to school.
    1
  19.  @TheSolarScience   @Jens Hoekendijk  You still do not read, huh, kid? https://www.pbs.org/newshour/economy/if-the-amount-of-62-trillion-d 60 trillion is the amount of swaps available on the market owned by every bank, not just AIG, also Goldman, JP Morgan, Bank of America, everyone, not just AIG, and in that hearing, 5 congressman mentioned the amount in their questions, and the answer debunked that number in the minute blow, why don't you stop being a moron? https://www.c-span.org/video/?281644-1/aig-bailout-oversight-hearing-panel-1&start=5435 1:31:27, your number is debunked. 6 congressmen mention the number, all being debunked by an answer. I suggest you stop trolling.
    1
  20.  @TheSolarScience  And secrecy in the loan process is mainly to preserve the reputation of the banks. The banks don't want their numbers being exposed because that shall hurt the reputation in certain businesses. Your assumption of hiding information equivalent of "totally shocking and unreal information" is just pure stupidity. Why don't you read the actual report you cite, and watch the hearing you cite? They debunk your argument. I even gave you a link. Stop being a troll, pal.
    1
  21. Bitcoin doesn't provide anymore freedom than another kind of doggy coin. Bitcoin will never be the main transactional currency, because the world has no intention of giving a bunch of losers infinite monetary power. People buying Bitcoin hoping they'll be "rich" when the world adapts Bitcoin as their main transactional currency is delusional. It's because losers like them holding Bitcoin is why the world will not accept Bitcoin. Money is allocation of labor, or supposed to be. People who held Bitcoin did little labor, they don't deserve and they will not have great monetary power.
    1
  22.  @mmojave  I don't know where you get that nonsense buddy, but it's like a sad fantasy. About 80-90% of the population itself doesn't convern about that issue at all. Nobody is afraid of a China invasion, because it brings back no benefits to both sides. Be more sophisticated.
    1
  23.  @khoidz7534  Buddy, wake up to the reality, nobody really care about those tiny islands, especially if it means making an enemy out of a neighbor 15 times your population. Those islands aren't even inhabited by human beings and it really plays no role whatsoever to about 99.999% of the Vietnam population daily life. You have to wake up from the blind hatred. The ownership of those tiny islands do not play a significant part in the Vietnamese people's soul and culture, and it definitely doesn't play any role at all in security because Vietnam's tradition of defending their country is mainland guerilla warfare.
    1
  24. Homie, are you on some kind of hallucinating drugs? All of that is actually quite trivial compared to his policy of trade war and moving manufacturing to the US. That is literally increasing the price directly because the labour price in the US is about 3-4 times the price in China. No amount of deregulation or pro-energy policy can change that.
    1
  25.  @objectivethinker3225  Homie, if you think it doesn't, you're just ignorant. There's a reason why those plants are in China, cheap labor. Exactly why do you think they put those plants there? Globalism elitism? Why don't you go study some math? And it's not just the labour within the factory assembling one product. It's the labour of every single component produced in that country. You got outmatched, go learn some math.
    1
  26.  @objectivethinker3225  Buddy, get off YouTube and actually go to those factories. They employ over a quarter of a million people over there manufacturing just for Apple alone. Multiply that by the standard worker's wage in the US, it will amount to approximately 28 billion dollars a year on just the workers wages alone. That's over 30% of Apple's current working capital. So why don't you learn some math and show some respect? These data aren't secretive, you're just a lazy bum.
    1
  27.  @objectivethinker3225   Buddy, get off YouTube and actually go to those factories. They employ over a quarter of a million people over there manufacturing just for Apple alone. Multiply that by the standard worker's wage in the US, it will amount to approximately 28 billion dollars a year on just the workers wages alone. That's over 30% of Apple's current working capital. So why don't you learn some math and show some respect?
    1
  28.  @objectivethinker3225  Nice try, buddy. Learn some math first. They employ over three quarter of a million people over there manufacturing just for Apple alone. Multiply that by the standard worker's wage in the US, it will amount to approximately 28 billion dollars a year on just the workers wages alone. That's over 30% of Apple's current working capital. So why don't you learn some math and show some respect?
    1
  29.  @objectivethinker3225  Lazy and ignorant bum
    1
  30.  @objectivethinker3225  There's a reason why Tesla at China can sell for 25% cheaper than ones made in the US. So even daddy Elon considers your kind ignoramus.
    1
  31.  @objectivethinker3225  Completely subjective and naive thinker.
    1
  32.  @objectivethinker3225  Hey, you completely subjective thinker. Yes, they will use the exact same labour to manufacture things in the US. If you actually know anything, the workers there are much, much more productive than the ones in the US. They're not just cheaper, they're cheaper and better. This is why education is very important, so you go get one. It's worldwide consensus that American labor are actually among the least productive ones worldwide. The current labour input cost is between 12$ and 25$, you move it here and it will jump between 40-100$, and again, that's not the only increase, there's an increase in labour cost in every component that you want to manufacture in the US. And of course, an increase of 40-100 USD on the price of an Iphone, nearly 10% for absolutely no gain whatsoever for the consumers.
    1
  33.  @objectivethinker3225  Subjective thinker, you just got "outmathed". And like I said, even daddy Elon considers you ignoramus, he literally sells the car that he makes in the US 25% higher than the ones he makes in China. So does he hate Americans or you're a simpleton?
    1
  34.  @objectivethinker3225   to Subjective thinker, you just got "outmathed". And like I said, even daddy Elon considers your kind ignoramus, he literally sells the car that he makes in the US 25% higher than the ones he makes in China. So does he hate Americans or is someone just a simpleton?
    1
  35.  @objectivethinker3225   Subjective thinker, you just got "outmathed". And like I said, even daddy Elon is disgusted with the likes of you. he literally sells the car that he makes in the US 25% higher than the ones he makes in China. So ouch.
    1
  36.  @objectivethinker3225  And like I said, even daddy Elon is on my side. He literally sells the car that he makes in the US 25% higher than the ones he makes in China. So ouch.
    1
  37.  @objectivethinker3225  I don't know how naive you are but that's not how productivity is ranked and especially not in manufacturing. Whatever they were able to automate has already been automated, so homie, don't be desperate. US manual labor workers are the least productive on Earth. Again, you need a much better education. Exactly what productivity do you think the US workers have over the Chinese workers? Especially in manufacturing and assembly? Creativity? Buddy, that's adorable. And yes, the price difference of Teslas in the US and China does depends on currency strength, which means that paying the same labor in dollar is much more expensive than in Yuan, leading to Teslas made in China is a lot cheaper. Exact same car, same software, same hardware, cheaper price. So thank you for admitting your own ignorance, pretty bold move. Daddy Elon taught you well.
    1
  38.  @objectivethinker3225  You lack education, knowledge, intellectual capability, some can't be fixed but I suggest getting an education first. To make it simpler for a simpleton, answer this shockingly simple. Exactly which part of the manufacturing process is the US workers "more productive" than the Chinese ones. Exactly the same machinery, same IT systems, same automation. How can the US workers create the same products, while working less hours than the Chinese? Pixie dust? Homie, you got "outmathed"
    1
  39.  @objectivethinker3225    You lack education, knowledge, intellectual capability, some can't be fixed but I suggest getting an education first. Exactly which part of the manufacturing process is the US workers "more productive" than the Chinese ones. Exactly the same machinery, same IT systems, same automation. How can the US workers create the same products, while working less hours than the Chinese? Pixie dust? Homie, you got "outmathed"
    1
  40.  @objectivethinker3225    I suggest getting an education first, homeboy. Exactly which part of the manufacturing process is the US workers "more productive" than the Chinese ones. Exactly the same machinery, same IT systems, same automation. How can the US workers create the same products, while working less hours than the Chinese? Pixie dust? Homie, you got "outmathed"
    1
  41.  @objectivethinker3225  If you mean the videos posted on YouTube 10-12 years ago, which are films of factories built 20-30 years ago, yes, back then there was a significant difference. Now, homeboy, the Chinese factories are much, much , much more advanced than the US steel factories, if there even exist US steel factories. They just don't post that on YouTube, because they don't use YouTube, they also have their own internet companies, much faster payment system, faster transportation, better buildings, and better factories. You can look at the infrastructure built in a city up somewhere on a mountain and it will be far better than the latest infrastructure built anywhere in the US. And of course, this is spelled out for you also by daddy Elon. Come on, homeboy, you need a better education, pronto.
    1
  42.  @objectivethinker3225  Should I give you the video where daddy Elon explain Chinese superiority to you, homeboy? It's actually quite sad to see you twaddle in the dark like this, :(( Their labour might be cheap, but their quality is way beyond your quality.
    1
  43.  @objectivethinker3225  Well, the quality difference is negligible yet the quantity is so little that they might as well don't exist. But again, homeboy. I apologize for not recognizing the greatness of the US steel industry, where the entire country's production is actually less the China number 1 steel producing company. My bad. But shall we move on to the video of daddy Elon explaining to simpletons on how the Chinese are superior, at least labor wise?
    1
  44.  @objectivethinker3225  Would you like a link to the video, homeboy? Or would you prefer to go get an education now? I suggest community college first before transitioning to a low level engineering education, it will be tough but it might save your life.
    1
  45.  @objectivethinker3225  Would you like the link to the video, homeboy? Or you'd like to get a proper education now? Engineering is the way to go, you may only get into a pretty mediocre institution but it will change your life forever.
    1
  46.  @objectivethinker3225  Remember, don't do drugs, homeboy.
    1
  47.  @nautilusshell7837  Yes, look at France, Mr Macron is slowly fleeing the country, how's that protest? Not very subtle, is it?
    1
  48.  @nautilusshell7837  It's called a metaphor, go back to school, pal, Macron is slowly fleeing from the average labor people of France, he's going to a fantasy of green energy that he doesn't even believe but still claim that there is an option.
    1
  49.  @nautilusshell7837  So you deny the truth? Try going to Paris, does it look like a peaceful place?
    1
  50.  @nautilusshell7837  Metaphor, kid, metaphor, here this might give you some knowledge https://www.google.com/amp/s/amp.theguardian.com/world/2019/sep/29/yellow-vest-protests-france-toulouse-police-use-teargas-on-1000-marchers That is the people and Macron, go to Paris and ask them is Macron close to the country. Pathetic.
    1