I think most of the money that would be allocated to infrastructure projects has likely already been
planned and that what we're really talking about is bolstering the muni bond market enough to keep things that are already in the works or about to break ground from being sunk by the dip in tax revenue from "the recent unpleasantness" as they say in the old south.

In some sense, it doesn't matter where the money goes as long as it gets into the real economy and has enough of a multiplier to prime the pump. FDR's economy grew 9-10% between 32 and 34 and all he did was provide full employment for clowns, poets, and mural painters.

Would there be any political issue to announce national paycheck raise. Does inflation say something. Did you want him to provide a healthcare/education reward model?

I just wonder what did you actually want him to say and why you could think that might had not been a good idea.

But then again like you said in the early into the podcast Sykes, swims with the sharks.

Also, I thought that stocks at less than $5 were not marginable, and so you could not short them. Is this no longer true, or do you have to have a special brokerage account to short a stock less than $5.

I hear what you are saying. Just one point… We really do not know the details about the O plan. So I am just trying to dicipher. I am not sure if this if off base, but it appears that you are a big supporter. That is fine, but it does not mean that every plan is perfect… There is way too many problems for one plan to be all encompassing.

Also, I do not recall stating that I was not happy with the weighting. I am not sure what the plan is , only speculating. Use it or lose it may make for states making decisions too fast. There is a lot of money at stake, who is watching???

Commission, 10k? Not the right question… Per trade… Maybe you should lok at under $5 for active trading.

Thanks for the comment

Andrew

Perhaps generating demand for tech workers also won’t be so unwise. At any rate, he may have only been attempting to appease tech corporations who might be missing the love with all the bailouts of other sectors these days.

I also think you may be off the mark on the “use it or lose it” feature of the O-man’s plan…Hoover and FDR did the US great harm by dragging their feet. While we should spend our stimulus dollar wisely, I think getting more people earning and spending again as soon as possible is a key factor in how quickly we can turn things around and avoid a “lost decade” like Japan.

Thank you so much for the podcast, it is very reassuring to form opinions about the market and then hear them from the mouths of informed men. I appreciate the honesty you bring to the table and the variety of guests you bring on the show from different parts of the market.

Just so you know the little guys can play too, I’m up 23% since I began investing in October: welcome to the age of volatility.

A quick question: what would you consider a reasonable commission load for a $10k capital gain?

Trading in this whacky market has required me to make an ungodly number of trades (at least for a personal investor) and I’m curious what “normal” loads look like.