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Joined: Nov 2002
Posts: 33,805 Likes: 14
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,805 Likes: 14 |
If you owe money on a house and you voted for Joe, I guess you are getting your reward for being a dumbass.
kwg To the former yes, the latter no and in my situation you'd be the azz.
Conduct is the best proof of character.
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Joined: Feb 2013
Posts: 21,983 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,983 Likes: 16 |
I am OK with owing money as long as you can back it.
I just bought a 2022 Toyota Sienna for the wife... NEVER have I financed a car... EVER. Owned 30+ over the years... maybe 60+.
We financed this one...
Why? 1.9% over 5 years... chit... with inflation at 10%-16% annually... kinda stupid not to.
Do we have the cash to buy it out... sure, but why? I gots other fish to fry.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Feb 2013
Posts: 21,983 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,983 Likes: 16 |
Turning off the free money spigot will be somewhat painful. They may just keep re arranging the chairs on the sinking ship.
.g0v forced to live within its means might make things sparky. It is not possible to turn it off... most .GOV people couldn't cover their mortgage more than a few months. Some smart retirees and Vets could if they own their stuff outright... but overall I studied the big .GOV shutdown back in 2018-2019 during Trump pretty hard... a HUGE HUGE % of .GOV people were almost at default on their mortgage. What % of the population could cover 6 months with ZERO INCOME. Hell 44% can't cover $1k That is the pickle... I admit I am an economic moron... I would be super happy if the really smart economic folks here on the Campfire stepped in and bitch slapped me around some... and repainted my doomsday portraiture. If you believe this(and I think you are probably right) then the only safe haven I see is gold/silver. The Fed has a choice to crash the economy or continue to devalue the dollar. Which do you think they will choose? G/S is manipulated by the big boys... wanna be safe? Stockpile a couple metric tons of scrap lead (seriously)... no one manipulates lead... or steel stock... or REAL HARD COMMODITIES. And no one is going to steal 10 tons of lead from the back side of your wood pile... and lead don't rust... and there will ALWAYS be a market/scrap for lead... ALWAYS. Sounds stupid, but... not really. HARD COMMODITIES... PHYSICALLY HELD will rise with inflation... always have... always will.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Nov 2002
Posts: 33,805 Likes: 14
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,805 Likes: 14 |
A sub-3% 15 year home loan (done in ten more) and an easy earn of 10+% in the market is a no brainer. This in days I run less risk being retired. As I have mentioned years before, investing is a very personal decision.
Conduct is the best proof of character.
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Joined: Dec 2020
Posts: 197
Campfire Member
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Campfire Member
Joined: Dec 2020
Posts: 197 |
You can't taper a ponzi scheme. They have no choice, but to inflate .
It doesn't matter who gets more votes, It matters who counts the votes.
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Joined: Feb 2013
Posts: 21,983 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,983 Likes: 16 |
You can't taper a ponzi scheme. They have no choice, but to inflate . BINGO... Thank you... truly a wise summation.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Feb 2013
Posts: 21,983 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,983 Likes: 16 |
As I have mentioned years before, investing is a very personal decision. VERY TRUE... What works for me... you... or others... is NEVER the same medicine.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Dec 2013
Posts: 44,707 Likes: 23
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,707 Likes: 23 |
You can't taper a ponzi scheme. They have no choice, but to inflate . They are imploding... so what do they do? What can they do? Attack.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Dec 2020
Posts: 197
Campfire Member
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Campfire Member
Joined: Dec 2020
Posts: 197 |
Pick a fight with Russia? War is always a good way to get Wallstreet going.
It doesn't matter who gets more votes, It matters who counts the votes.
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Joined: Feb 2013
Posts: 21,983 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,983 Likes: 16 |
Pick a fight with Russia? War is always a good way to get Wallstreet going. They will try... but it will fail. Too many sons and daughter are hip to the BS this time. The real war will NOT BE ON FOREIGN SOIL THIS TIME.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Nov 2008
Posts: 16,610
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
Bitcoin off 50% from the high now.
"Hey jackass, get your government off my freedom."
MOLON LABE
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Joined: Nov 2008
Posts: 16,610
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
Pick a fight with Russia? War is always a good way to get Wallstreet going. A huge risk right now is the Biden is so friggin weak that some of his idiot advisors may convince him to be tough for political reasons and we end up in another cold or hot war.
"Hey jackass, get your government off my freedom."
MOLON LABE
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Joined: May 2004
Posts: 2,820
Campfire Regular
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Campfire Regular
Joined: May 2004
Posts: 2,820 |
Buy more when stuff goes on sale.
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Joined: Jan 2004
Posts: 4,601 Likes: 5
Campfire Tracker
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Campfire Tracker
Joined: Jan 2004
Posts: 4,601 Likes: 5 |
I agree that this is very optimistic. Assume the national debt is $30 trillion. So every 1% increase in interest rates is $300 billion in additional interest on that debt.
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Joined: Jun 2003
Posts: 10,600 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2003
Posts: 10,600 Likes: 1 |
Pick a fight with Russia? War is always a good way to get Wallstreet going. A huge risk right now is the Biden is so friggin weak that some of his idiot advisors may convince him to be tough for political reasons and we end up in another cold or hot war. LOL. His advisors would have to be more whacked than Biden. The American public has no stomach for that right now after the last 20 years, and everyone knows we are too tapped out to finance it. (It sure would put a bunch of additional nails in the Build Back Better coffin.) In addition, it is almost unanimous with both Democrats and Republicans that Biden totally messed up the withdrawal from Afghanistan. There is no way people are going to think that he can do better getting us into something exponentially more dangerous than that. Doing that would almost ensure a turnover of both houses of Congress and allow the Republicans to take a page out of the Democrat playbook and initiate impeachment proceedings against Biden (unless they don't prefer President Harris).
"Don't believe everything you see on the Internet" - Abraham Lincoln
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Joined: Nov 2008
Posts: 16,610
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
"Hey jackass, get your government off my freedom."
MOLON LABE
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Joined: Jan 2020
Posts: 159 Likes: 2
Campfire Member
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Campfire Member
Joined: Jan 2020
Posts: 159 Likes: 2 |
Since Putin seems intent on invading Ukraine despite tough guy Joe telling him to stop, I emptied the pool and put in 10,000 gallons of gas. Figure it'll hit $5/gal soon. I hear you. When I fill up I also get a couple extra grocery bags full to build up the emergency stock. /s
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Joined: Nov 2008
Posts: 16,610
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
Right now, there's a lot of high quality tech stocks that have reached technically oversold areas on the charts but are getting dragged down with crap stocks that went way up and make no money. Microsoft may be a good example. It's off >20% from the highs and it's a premiere cloud computing company with solid earnings. I hate the company but they make money and are growing. They report earnings tomorrow. Wouldn't be surprised if some of the fund managers start buying it today on this sell off anticipating earnings. If so, and if it goes up on earnings, that may be the type of huge market cap stock that could mark a broader bottom this week.
"Hey jackass, get your government off my freedom."
MOLON LABE
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Joined: Nov 2008
Posts: 16,610
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
DOW down almost 1,000 points now- Let's go Brandon!
"Hey jackass, get your government off my freedom."
MOLON LABE
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Joined: Feb 2013
Posts: 21,983 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,983 Likes: 16 |
DOW down almost 1,000 points now- Let's go Brandon! That OK... Inflation is up by 25%... Brandon's Got This! Right?
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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