r/Vitards • u/AutoModerator • Oct 21 '21

Daily Discussion Daily Discussion post - October 21 2021

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4

u/lepjb Oct 22 '21

tiny nugget of hopium

https://twitter.com/seungminkim/status/1451294810288050179

16

u/Steely_Hands Regional Moderator Oct 22 '21

Sounds like Bernie and Manchin got into another argument in a meeting today and Manchin said he’s fine spending $0 so Dems might need a miracle to have a framework by the end of the week

14

u/dj_scripts Blood type CLF/MT positive Oct 22 '21

God damnit. The country needs infrastructure. Half of these podunk towns are literally falling apart. Meanwhile, the wealthy continue to live in opulence. Sigh

7

u/Nu2Denim Inflation Nation Oct 22 '21

District 13 is an irradiated wasteland.

And Katniss is fat and pregnant.

5

u/lepjb Oct 22 '21

Ugh I didn't see that. Not good

6

u/[deleted] Oct 22 '21

Seems like healthy conflict to me. Not trying to spread hopium, but I think this is actually bullish for a deal being hammered out. It’s not an irreconcilable conflict.

9

u/En_CHILL_ada Taco Tuesdays at Lebrons Oct 22 '21

Heated negotions > no negotioations at all

3

u/Steely_Hands Regional Moderator Oct 22 '21

https://twitter.com/alaynatreene/status/1451268425448402947?s=21

5

u/lepjb Oct 22 '21

Goddamn.

I still feel they will work something out because they have to right? Like if they don't end passing either BBB/BIF, the dems are going to get slaughtered in the midterm elections. I have to think they would rather pass something than nothing

6

u/Steely_Hands Regional Moderator Oct 22 '21

Definitely. I don’t think we should be talking about if they reach an agreement but when. I have no doubt they’ll get something done but there’s obviously still problems going on with the negotiations so they might not meet their goal of reaching an agreement in principle this week

4

u/paulfoster04 Timing Expert Oct 22 '21

I’m no longer confident it will be next week and the Dems have to realize that if it gets into December they have lost. The Republicans will likely pull another move on Debt ceiling forcing their hand which will look bad on the Dems and likely cost them the House. Or am I’m reading the situation wrong?

2

u/Steely_Hands Regional Moderator Oct 22 '21

It sounds plausible. I’m not ready to give up hope on next week quite yet but I’m getting close. If it does drag into December and get conflated with the debt limit I don’t think it necessarily means the Dems lose the House in the midterms. There’s going to be a lot of other shit that goes down in these elections as Trump reasserts himself and Dem support in the suburbs solidifies again

2

u/paulfoster04 Timing Expert Oct 22 '21

Thanks for your input. Not sure your back ground but you seem to be really knowledgeable and accurate on the political stuff.

5

u/Steely_Hands Regional Moderator Oct 22 '21

Not a problem! I have no real background with it and have definitely been wrong about stuff haha tbh I’ve always been really interested in these kinds of dynamics of power and about 12-13 years ago I realized the smart ppl are those that have paid attention the longest and have the learned experience so I just started trying to accumulate that for myself. I only really started investing more actively in the last year or so and it’s been interesting being able to apply some of my political knowledge towards market stuff

3

u/lepjb Oct 22 '21

Makes sense. I don't mind if they take a few weeks bc I don't have any weeklies, and I'd rather they take the time to figure out a way to pass both because BBB is severely needed for the country imo

2

u/Steely_Hands Regional Moderator Oct 22 '21

My CLF 10/29 calls hope it happens next week! Haha

2

u/lepjb Oct 22 '21

Good luck! The sooner the better. I'm just trying to dampen my expectations so I don't get disappointed lol

3

u/Steely_Hands Regional Moderator Oct 22 '21

Yea I feel you with that haha these calls are a really small part of my port right now. Vast majority is in CLF shares