Steve’s Barking; Elon Musk‘s is lucky 🍀 he will not be able to buy Twitter?

 There are reports that Elon Musk stated that he wants to buy Twitter for 43 Billion $ . 

 Now assume that he sells more shares os Tesla ( let’s say 30 billion $ worth) he would have to pay capital gains tax on the shares he sells that could add another 4 billion or more to the price. If Mr. Musk sell shares in Tesla the price of Tesla stock will go down ( by a lot according to my thinking) by a lot.

If by some strange chance he is able to borrow most of the money 💰 it will still really boost the cost of buying the stock. 

 What else is wrong with buying Twitter? Does Twitter make a lot of 💰? No Twitter is a money loser 👎.  

There is no longer a value of a market cap 🧢, who knows the value of Twitter might even be less then 10 Billion 💲. I’m just thinking 🤔 if Mr Musk wants to throw money money way, toss some my way.

Steve’s Barking; Why are they trying to con me?

 Recently I received the phone call telling me that they have my property and they wanted me to pay ransom to get it back. Now the property they said was a package that was left by my door. I told this women if you took my package you must be a crook and I guess I’ll have to call the police. The line went dead. The next week I got a call from someone claiming to be from a law firm and I had just won the publishers clearing house. I told this Man that that seems very funny I didn’t fill out any sweepstake entry form. The other side of went silent.

I’ve been receiving emails from democratic party candidates telling me how much they needed just a few of my measly pension dollars. There Republican was raising so much money and they get their money from the zillionaire’s.  I Usually just ignore these request because let’s face it I have to be very frugal with my money. Well anyway I decided to look at Open Secrete the web site that states how much money a candidate receives in donations and how much they spend. Now a congress person who is next to my district and who complains about how the other side is gunning for this person seems to be a hypocrite when this person raised in the last election almost twice what her opponent raised and spent twice as much as her opponent even though this was election was almost a sure thing.

Got a call today from someone who claimed to be doing a Survey about the upcoming election in my district. The first three minutes was OK but then the person who is doing the survey started slanting the questions against one of the candidates. This isn’t the first time this is happening. The last time this had happened I did a protest vote and voted against the candidate who I felt was slanting the survey against the  other candidate.

Steve’s Barking; Are college coaches who are making millions 💰making way too much?

 Oh I’ve heard it for over 60 years now, college Coaches who make over $1 million or more, much more is totally 💯% over paid, especially in a state run school 🏫 like Alabama. These school pay 💰 there coaches over 500 hundred % or more then their adjacent  professors. Where’s the justice, were is the equity. A football 🏈 program can spend more money  💰 then some English departments where’s the equity in that. Ah but a successful sports  program can more then pay for itself  in ticket sales and television rights bringing money 💴 to the school 🏫 that it otherwise would not get. What else does popular sports bring to the school 🏫, how about alum donations 💲 even some that don’t pertain to athletics. It can even bring in students from other parts of the country that can overpay for going to that particular school. Can a successful English department lay claim to brining in more more money 💵 then it lays out. Perhaps a great 👍🏾 financial department can show the rest of the academic departments straight.  

No life’s not fair!

Steve’s Barking; Building a public stadium 🏟 is a waist of money 💵 or is it?

 Conventional wisdom tells us all that  spending money ( tax payer money) is a waste of money 💸 . Well ya can take that money 💰 and use it to help build a better infrastructure, help feed the poor, better schooling, or even give some of that money back to the taxpayer. Of cause we have the argument that taxpayer funded stadiums pay for themselves, versus 🆚 the stats they say the stadium never, ever pay for themselves, even though it helps to create jobs, or at least hold on to jobs that a stadium 🏟 in still in existence I thought the owners threaten to move if a new stadium isn’t built. What’s not stated in these arguments are civic pride ( that must be worth something) . What also is ignored if an area wants to bring new businesses in to the area a sports Arena is a great 👍🏾 selling point.

Steve’s Barking; China 🇨🇳 shut down good 😊 for American 🇺🇸 economy 🤷‍♂️

 This crazy writer 🖊 thinks 🤔 that the shut down of ports in China for a month might be a good thing.

WTF how is that possible? Well let’s assume that it helps clears up America’s 🇺🇸 Western ports for fewer ships🛳 carrying goods will be waiting. The cost 💲of holding goods on ships 🛳 will go down. After the movement of goods already in ports will be moved (?) and the back log will eventually disappear(?).

No Covid virus 🦠 shut downs in China 🇨🇳 might not be the end of the world 🌎 economically, it maybe 🤔 even a good thing.

** The shut down of China’s port that would alleviate back loads in American ports will take a lot more than one month, and China still has many of it’s ports open.

Steve’s Barking; Shanghai quest and COVID-19

 Shanghai is in a total lockdown because of COVID-19 or omnicrom, what ever the latest Variant is. One would think that you could open the city because  it doesn’t seem to be that life-threatening and in fact you might want to have you citizens get a mild case of COVID-19. One would think 🤔 that total lockdowns are down right foolish. This is something COVID-19 that is that’ll be around for a long long time and there is no way at the present time to prevent anybody from catching the only thing one can hope for Is that the populace doesn’t get deathly ill. We can give shots for the Covid illness that hopefully makes one who gets COVID-19 have only a mild reaction to it. In my way of  thinking 🤔 The worst a government can do is have a total lockdown. You’re only prolonging the disease.

Steve’s Barking; The rise of interest rates is inflation 🤷‍♂️?

 Oh my goodness the conventional wisdom says that in order to fight inflation the central banks must raise interest rates to cool the economy down. I, part of the unwashed says that raising the interest rates has just the opposite effect. Raising the federal rate causes companies to borrow at a higher rate, forcing said companies to raise their prices, causing inflation to rise.. Oh my if the price of goods rises, guess what, you have inflation. Oh there’s always the possibility though slim as I think it is that people will slow down there unnecessarily spending, which may even force many of those businesses  to go out of business, or at the very least lay off many of their workers.. 

The fewer the businesses  and or the fewer the workers to produce goods the higher the inflation because there will always be a demand for certain goods such as groceries, clothing and housing. Let’s assume that the consumers percentage of wages goes toward housing, clothing and food goes up, two things are going to change, savings will go down and or unnecessary purchases such as travel and cable purchases will decrease. 

*There is going to be food inflation because of the Russian Ukraine war, Raising interest rates will make things worse.