Markets / Economy

   #142  

Uwe

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   #145  

Uwe

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I'm not sure I see the problem, or how anyone is getting screwed, except those who inherit a a large IRA/401k from somebody else. I.e. if you (and your spouse!) die with $1 million left in retirement accounts, your heirs (presumably your children) will have to take distributions from it (and pay taxes on those distributions) over a period of 10 years instead of their expected remaining lifetimes.

Am I missing something?

-Uwe-
 
   #146  

Jack@European_Parts

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Am I missing something?

-Uwe-
Did you see the SEC restrictions get loosened up for vesting the fiduciary, if the "Bernie" existed why make it even worse?

Something's are indeed good but taking away oversight so the money can be stolen easier is not better for some old timer when they rely on it in retirement!
 
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Jack@European_Parts

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   #155  

Uwe

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   #159  

Mike R

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China just agreed to buy $200 billion worth of US products

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year. In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%. Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds.

Agricultural goods account for a big chunk of the new purchases. Under the agreement, China will buy an additional $12.5 billion of those goods in year one, and then $19.5 billion in year two, compared to 2017.
 
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