NxCore doesn't show your 44 qty. It's fake/sim. You didn't sim-trade on Friday? A shame. Prob better to show sim-PNL next time but NxCore doesn't lie.
i make then up in advance for des cause i know he will be wanting to compare daily its all those microseconds that are the bitch to do
The US credit rating has been downgraded. But there’s an easy fix for our debt https://www.theguardian.com/commentisfree/2025/may/21/us-credit-rating-debt-fix Instead of cutting taxes on the richest Americans – who hold much of the country’s debt – simply raise them On Friday, the credit rating of the United States was downgraded. Moody’s, the ratings firm, announced that the government’s rising debt levels would grow further if the Trump Republican package of new tax cuts were enacted. This makes lending to the US riskier. Moody’s is the third of the three major credit-rating agencies to downgrade the credit rating of the United States. So-called “bond vigilantes” have already been selling the US government’s debt, as the Republican tax package moves through Congress. They’re expected to sell even more, driving long-term interest rates even higher to make up for the growing risk of holding US debt. Some rightwing Republicans in Congress are using the Moody’s downgrade to justify deeper spending cuts in Medicaid, food stamps and other social programs that lower-income Americans depend on. But, hello? There’s a far easier way to reduce the federal debt. Just end the Trump tax cuts that mainly benefit the wealthy and big corporations – and instead raise taxes on them. I’m old enough to remember when the US’s super-rich financed the government with their tax payments. Under Dwight Eisenhower – hardly a leftwing radical – the highest marginal tax rate was 91%. (Even after all tax credits and deductions were figured in, the super-rich paid way over half their top marginal incomes in taxes.) But since the Reagan, George W Bush and Trump 1 tax cuts, tax rates on the super-rich have plummeted. So instead of financing the government with their taxes, the super-rich have been financing the US government by lending it money. (You may have heard that the US’s debt is held mainly by foreigners. Wrong. More than 70% of it is held by Americans – and most of them are wealthy.) This means that an ever-increasing portion of the taxes from the rest of us are dedicated to paying ever-increasing interest payments on the debt – payments that go largely to the super-rich. So when the debt of the United States is downgraded because Trump Republicans are planning another big tax cut mainly benefiting the rich and big corporations, most Americans could end up paying in three different ways: They’ll pay even more interest on the growing debt – to the super-rich. They’ll pay higher interest rates on all other long-term debt. (As higher rates on treasury bonds waft through the economy, they raise borrowing costs on everything from mortgages to auto loans.) The debt crisis will give Republicans even more excuse to do what they’re always wanting to do: slash safety nets. So many Americans could lose benefits they rely on, such as Medicaid and food stamps. The “bond vigilantes” are not the cause of this absurdity. Neither is Moody’s or the other credit-rating agencies. Nor, for that matter, is the growing national debt. What’s the underlying cause? Just follow the money. It’s the growing political power of the super-rich and big corporations to lower their taxes at the expense of most Americans.
Trump’s tax cut faces a new snag: America’s debt crisis is back in the spotlight https://www.cnn.com/2025/05/20/economy/us-debt-crisis After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other. Moody’s Ratings said problematic debt levels far outpacing government revenue led to the downgrade. Now, it’s up to lawmakers on both sides to take actions to improve the nation’s fiscal situation, or another downgrade could be in the cards. And that one would likely be even more painful. Yet, days later, House Republicans on the Budget Committee voted to advance a sweeping legislative agenda that could worsen the fiscal picture, adding over $1 trillion to annual deficits by 2034 compared to 2024, according to preliminary estimates from the nonpartisan Committee for a Responsible Federal Budget. However, it’s far from a done deal, as it faces a slew of hurdles in both chambers of Congress despite Republicans having a majority. Even Trump administration officials have suggested the agenda, dubbed the “one, big, beautiful bill,” could be modified to get it to the finish line. But some Trump administration officials insist the agenda, which calls for trillions of dollars in tax cuts that exceed a wide array of spending cuts, won’t add to the nation’s budget deficit, the gap between what the government collects in revenue versus how much it spends. That difference is financed by borrowing money from people who invest in US bonds and Treasuries, which pay a varying amount of interest, also known as the yield. For instance, White House Council of Economic Advisers Chair Stephen Miran said in a CNBC interview on Monday that efforts included in the bill to “cut waste, fraud and abuse are going to end up bringing the deficit down by almost half a point of GDP, or maybe even a little bit more than that.” Earlier in the day, White House press secretary Karoline Leavitt told reporters, “This bill does not add to the deficit.” Had Moody’s not downgraded US debt two days prior, Republican lawmakers in particular may have been more willing to take such comments at face value. But now, with the fiscal situation back in the spotlight, more diligence could be warranted. Investors taking note “Moody’s downgrade reflects concerns stemming from years of bad fiscal decisions in Washington,” Michael Peterson, CEO of the Peter Peterson Foundation, which advocates for America’s fiscal stability, told CNN. The country already is on track to add $22 trillion more to the $36 trillion debt level over the next decade, he said. President Donald Trump’s bill “would only accelerate the pace of borrowing by adding trillions to this already unsustainable path.” On Monday, investors took note of the risks Moody’s outlined in explaining its decision to downgrade US debt to one notch below perfect. Key to that was “the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” Moody’s said in its Friday statement. Yields on 30-year US bonds soared by over a percentage point, touching 5% at one point on Monday, while yields on shorter-term debt held by the US government also rose. Both point to the same message: The risks of investing in American debt, long considered the safest asset, have grown. Consumers, just like the government, tend to have to pay more to borrow money when yields rise since banks and other lenders often base interest rates on US Treasury and bond yields. “With our divisive politics preventing progress, it’s no surprise that financial markets are watching — and increasingly worried,” Peterson added. Callie Cox, chief market strategist at Ritholtz Wealth Management, similarly alluded to rising yields on US debt as a wake-up call for lawmakers. “The government deficit isn’t a problem until investors think it is. And they’re increasingly telling us that the deficit is a problem,” Cox said in a note on Monday. Ryan Sweet, chief US economist at Oxford Economics, said the downgrade increases the odds that Trump’s package, if passed, will carry fewer tax cuts than what’s currently being proposed to minimize the deficit impact. “The downgrade will catch the attention of the fiscal hawks and make it unlikely that some of the proposed features, including no taxes on overtime and an enhanced standard deduction for seniors aged 65 and older that are not in our baseline, will be included in the fiscal package,” he said in a note on Monday. Sweet also said the downgrade will likely extend the length of time it takes to pass the bill, if at all. Meanwhile, top Trump administration officials, including National Economic Council Director Kevin Hassett, say they’re optimistic it’ll pass by the middle of this summer.