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Joined: Dec 2020
Posts: 834 Likes: 3
Campfire Regular
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Campfire Regular
Joined: Dec 2020
Posts: 834 Likes: 3 |
LOL...
HARD COMMODITIES... PHYSICALLY HELD. The 3 B's.
They will vote our way into socialism, We will have to shoot our way out.
Every major horror in the world was perpetrated in the name of altruism.
Just how big is Aroostook County you ask?
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Joined: Mar 2010
Posts: 12,168 Likes: 60
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2010
Posts: 12,168 Likes: 60 |
Not sure if this fits here, but every once in a while I get on Capitol ones Auto Navigator and browse cars. There is no credit impact. Anyways I notice right off that the lowest interest rate is 20% up to 24.99%. My score is the same it has ever been, and the last time I looked on here the rates were 4-7%, probably two years ago. WOW! Who in there right mind would buy anything at that rate? That would make even a $10k car payment too much for alot of folks They soften the payment by extending the loans. That 10k car payment is still 350/m, just for 4 years instead of 3. Crazy. PSECU is offering a 10 year car loan now I saw. I could not imagine taking that loan out!
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Joined: Jan 2012
Posts: 26,719 Likes: 13
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,719 Likes: 13 |
The massive influx to this area is keeping the local economy pretty strong. When the real estate up north crashes due to no one wanting their existing homes, it will finally catch up with us. Our rural land is being raped due to the demand. A bit of a cool down would be nice. Same/same 75 miles north of you here in the New River Valley We sold 13acres of basically billygoat land last year for $15k per. It's fuggin crazy!
FJB & FJT
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Joined: Mar 2010
Posts: 12,168 Likes: 60
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2010
Posts: 12,168 Likes: 60 |
The massive influx to this area is keeping the local economy pretty strong. When the real estate up north crashes due to no one wanting their existing homes, it will finally catch up with us. Our rural land is being raped due to the demand. A bit of a cool down would be nice. Same/same 75 miles north of you here in the New River Valley We sold 13acres of basically billygoat land last year for $15k per. It's fuggin crazy! Holy CHIT!
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Joined: Mar 2010
Posts: 12,168 Likes: 60
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2010
Posts: 12,168 Likes: 60 |
Wife and I bought a little 3 acre plot that borders our land for $2500 total a couple years ago. Very happy with that purchase at the current prices
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Joined: May 2004
Posts: 5,234 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: May 2004
Posts: 5,234 Likes: 2 |
LOL...
HARD COMMODITIES... PHYSICALLY HELD. You mean like a load of white Pine? Kidding aside, if you look at the 2 10 fred spread, it shows how the 10 yr. is lower than the 2 yr. and that is backwards. Now it is almost even and when the 10 goes up to more than the 2 yr. there is a recession in a year or so.. It was more inverted this year than sine 1980,, and most remember what happened in 1980.. It happens every time.. We are not in a recession yet.. However, I have been a carpenter in the Milwaukee area for 42 yrs. and I can clearly see it coming. We are already kind of slow. The market seems to be doing really well, it didnt go up much the 1st 2 yrs. of Biden but now its up 25% in 3 yrs. However , it is only a few stocks that went up 80% in a yr. This morning the CPI ( inflation index) came in higher than expected and now the dow is down 300 points premarket, and the nasdaq is getting a pretty good kick. Higher CPI means rates will not come down for longer. The dow is down .8 , S&P is down 1.25% and nasdaq is down 1.75% at the open.
Last edited by ihookem; 02/13/24.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
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Joined: Dec 2010
Posts: 1,454 Likes: 4
Campfire Regular
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Campfire Regular
Joined: Dec 2010
Posts: 1,454 Likes: 4 |
There is 5 acres of rattlesnake prairie just outside town for 65k here. It is half price compared to anything else. 100k might get 2 acres most places.
“If more of us valued food and cheer and song above hoarded gold, it would be a merrier world.” Tolkien
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Joined: Jan 2002
Posts: 12,904 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,904 Likes: 5 |
Credit card debt is high because the majority of the population has zero financial literacy. In other words, people are morons when it comes to money.
The commercial real estate sector is a big trouble right now. We will see what the fallout of that is. With so many people "working" from home, I'd except that rental space in those big office complexes would be in low demand, but there is a section of former farm ground that Boys Town owned here in suburban Omaha where multiple large apartment complexes and large office complexes are currently under construction. When somebody comes up with a software package that can accurately track remote employee productivity, I think that the majority of those big "work in the office" buildings will go the way of the dinosaur. Is the working from home thing still that big? I do know a few people still working from home, but many I know have went back to work. Im speaking on a localized term, so curious if there is still many working from home all around the country The WFH trend is petering out. Companies are discovering (re-discovering, really, because this was all studied pretty thoroughly in the ‘80’s) that remote workers aren’t “engaged” with their work. They aren’t able to collaborate as well, groups are less creative, and turnover increases. Many employees feel socially isolated and don’t feel they belong. The only reason companies aren’t ordering everyone back to the office is that they can’t: a fair portion of the remote workers they hired either can’t, or won’t move so they could work in person. The trend is toward in-office work, because it’s more productive and creates better morale and culture in the long term.
Sic Semper Tyrannis
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Joined: Mar 2010
Posts: 12,168 Likes: 60
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2010
Posts: 12,168 Likes: 60 |
Credit card debt is high because the majority of the population has zero financial literacy. In other words, people are morons when it comes to money.
The commercial real estate sector is a big trouble right now. We will see what the fallout of that is. With so many people "working" from home, I'd except that rental space in those big office complexes would be in low demand, but there is a section of former farm ground that Boys Town owned here in suburban Omaha where multiple large apartment complexes and large office complexes are currently under construction. When somebody comes up with a software package that can accurately track remote employee productivity, I think that the majority of those big "work in the office" buildings will go the way of the dinosaur. Is the working from home thing still that big? I do know a few people still working from home, but many I know have went back to work. Im speaking on a localized term, so curious if there is still many working from home all around the country The WFH trend is petering out. Companies are discovering (re-discovering, really, because this was all studied pretty thoroughly in the ‘80’s) that remote workers aren’t “engaged” with their work. They aren’t able to collaborate as well, groups are less creative, and turnover increases. Many employees feel socially isolated and don’t feel they belong. The only reason companies aren’t ordering everyone back to the office is that they can’t: a fair portion of the remote workers they hired either can’t, or won’t move so they could work in person. The trend is toward in-office work, because it’s more productive and creates better morale and culture in the long term. Interesting and thank you for the answer
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Joined: Jun 2010
Posts: 14,019 Likes: 7
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2010
Posts: 14,019 Likes: 7 |
Not around here. My BIL owns a restaurant and he's posting record profits profits or income. I could easily see income. Profits I would find very hard to believe. I don't know but he's busier than maybe he's ever been. But the Hershey area is affluent and it takes longer until we feel the effects here.
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Joined: Nov 2002
Posts: 33,837 Likes: 19
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,837 Likes: 19 |
I guess I better sell again...
Conduct is the best proof of character.
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Joined: Dec 2014
Posts: 9,179 Likes: 10
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2014
Posts: 9,179 Likes: 10 |
Here on the far left coast, just little harbingers or hints of worse to come. New car sales in the tank, and surprisingly used car sales are a fraction of what they were just two years ago. Construction loan applications are way down. Rural small parcels of land, less than 20 acres, are not selling. One of my renters is a journeyman carpenter, his employer was booked solid a year ago, over half the scheduled big jobs went away, they are down to remodels now to keep his men busy...they hate remodel work. Nearby UPS hub has laid off 20% of their low seniority workers. For the first time in years, no overtime at the sawmill. Regardless of the big picture factors in the Wall St. economy, these little things reflect a lack of consumer confidence out here in the weeds...and trust me, having experienced the Carter years, that's all that's needed to create recession.
Well this is a fine pickle we're in, should'a listened to Joe McCarthy and George Orwell I guess.
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Joined: Jun 2010
Posts: 14,019 Likes: 7
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2010
Posts: 14,019 Likes: 7 |
Not around here. My BIL owns a restaurant and he's posting record profits We are losing restaurants left and right. Pretty much every non-franchised one has closed. Older, nice places, owned by the same families for 40+ years. Only thing left is fast food, snooty expensive places, and Denny’s. That's how it is up at my hunting camp. I decided I wanted to move to my Camp so I applied for a drywall/painting job at a factory built housing plant in Muncy. 665 people applied for that one job. Even though I've done drywall/ painting all my life I couldn't even get an interview. It was then that I realized I can't move up to Camp. The economy there is too poor
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Joined: Dec 2010
Posts: 1,454 Likes: 4
Campfire Regular
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Campfire Regular
Joined: Dec 2010
Posts: 1,454 Likes: 4 |
That 5 acres of rattlesnake prairie is 56500. I have actually been eyeballing it.
“If more of us valued food and cheer and song above hoarded gold, it would be a merrier world.” Tolkien
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Joined: Jan 2002
Posts: 12,904 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,904 Likes: 5 |
I realize employment is a lagging indicator, but it’s still impossible to hire someone where we farm, even at $18 an hour plus benefits. And if we could find someone, there’s no housing available. Last time I looked, there’s four rentals listed in the county, and they are not habitable by modern standards.
Sic Semper Tyrannis
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Joined: Nov 2006
Posts: 1,072
Campfire Regular
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Campfire Regular
Joined: Nov 2006
Posts: 1,072 |
OMG. Sell sell sell! Btw. This is the same idiot who claimed there was a 99% chance of recession in 2012, and he claimed there was a 75% chance in 2022, so what happened? The simple fact of the matter is economy’s dont come out of a major recession and go back into another recession 1-2 years later. Too many “economists” spend too much time reading graphs and trying to predict recessions via yield curves. Well guess what, you can’t! If you can predict human behavior then and ONLY then can you predict a recession. Btw. Current car rates via my Credit Union are 5.49% and home mortgages are running 6.8%. Oh ya, I just tried to make reservations for the wife and I for date night on Fri and the only thing available is before 5pm or after 8pm. There is nothing available on Saturday until 8:30 and only in the bar. Yup, the economy is tanking. Sell sell sell boys.
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Joined: Nov 2015
Posts: 15,527 Likes: 29
Campfire Ranger
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Campfire Ranger
Joined: Nov 2015
Posts: 15,527 Likes: 29 |
OMG. Sell sell sell! Btw. This is the same idiot who claimed there was a 99% chance of recession in 2012, and he claimed there was a 75% chance in 2022, so what happened? The simple fact of the matter is economy’s dont come out of a major recession and go back into another recession 1-2 years later. Too many “economists” spend too much time reading graphs and trying to predict recessions via yield curves. Well guess what, you can’t! If you can predict human behavior then and ONLY then can you predict a recession. Btw. Current car rates via my Credit Union are 5.49% and home mortgages are running 6.8%. Oh ya, I just tried to make reservations for the wife and I for date night on Fri and the only thing available is before 5pm or after 8pm. There is nothing available on Saturday until 8:30 and only in the bar. Yup, the economy is tanking. Sell sell sell boys. 🥴
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Joined: Oct 2010
Posts: 7,882 Likes: 20
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,882 Likes: 20 |
I agree. Everyone should sell, and buy puts with the funds.
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Joined: Dec 2004
Posts: 14,488
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 14,488 |
If I believed the worst that's headed our way was recession, I'd be on my my knees giving thanks. But, I still have no crystal ball and have adopted the habit of making no predictions.
As far as the work-from-home thing goes, it may recede for reasons cited...BUT, I can say definitively that some jobs that can be done from home are easily tracked for production. My wife sits in her office directly across the hall from me this very moment engaged in her own WFH position, and believe me, her employer knows what she's doing. A 10-hour day is not unusual for her.
Don't be the darkness.
America will perish while those who should be standing guard are satisfying their lusts.
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Joined: Feb 2010
Posts: 3,851
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 3,851 |
I have no idea but with markets at all time highs, tons of Chinese money flooding in, and a government printing massive amounts of money it's hard to see through all the smoke.
Quando omni flunkus moritati
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