It’ll rise at some point. I’ll look at my account at the end of the year. I’m sure I’ll pink away a tear, but whatever. It’s not real for another 25 years.
It’ll rise at some point. I’ll look at my account at the end of the year. I’m sure I’ll pink away a tear, but whatever. It’s not real for another 25 years.
The time it really Matters the most is when you need to sell.
It’ll rise at some point. I’ll look at my account at the end of the year. I’m sure I’ll pink away a tear, but whatever. It’s not real for another 25 years.
Who gives a chit about this daily, hourly, minutely?
Put a stick in the sand and you can check back with that at any time.
The more bidet opens his lying mouth, the more sparks fly in the market. I prefer not to have my life getting knocked around on a daily basis by that stupid thief. Bitch needs to hang.
With the morons running this country, I’m not optimistic.
This ^^ A lot of $hit has to be fixed before I believe this government can find any solutions to any issues.
kwg
Actually, a lot of $hit would get fixed if the government/we came to realize it is in the 'creating issues' business not solutions and just stopped trying to 'fix' everything.....
Somehow I have the feeling that we are not quite done with the pain.......the pundits can't seem to agree on whether or not we are already in recession, but certainly feels like it to this family.....nothing to do but ride it out a this point. Sure don't don't want to sell at these levels....
Inflation is not Cum’n down without a lot of Pain.. Volker caused two Recession on purpose how many Recessions will Powell cause don’t know.. It will happen by Him or without Him.. Wealth Destruction is a Certain…
Inflation is not Cum’n down without a lot of Pain.. Volker caused two Recession on purpose how many Recessions will Powell cause don’t know.. It will happen by Him or without Him.. Wealth Destruction is a Certain…
Quite a few are predicting a soft landing. From what I read it seems about evenly split between the cheerleaders and downers .
I’m not selling and I’m looking for things on sale but I might be premature on the buying side.
Inflation is not Cum’n down without a lot of Pain.. Volker caused two Recession on purpose how many Recessions will Powell cause don’t know.. It will happen by Him or without Him.. Wealth Destruction is a Certain…
This feels much more like the Dot.com boom-bust than the Carter malaise. The key aspect of the Carter malaise was the stagnation of US innovation, not in a small part due to the failure of the “business conglomerate” model. American business we’re getting their asses handed to them by lots of innovative, foreign competitors. Toyota, Sony, Panasonic, etc. businesses we’re headed to Mexico, Taiwan and Japan and jobs were going overseas.
Today, we’re in the middle of a flight from China. Yes, there’s pain coming here, but re-shoring will keep pressure on companies to staff these functions in the US, and that will keep the unemployment down, like in 2,000.
Like in the dot.com bust, there was the usual “irrational exuberance” followed by a market crash. The crash doesn’t make much difference, economically. The wild card is inventoriies, which are much higher than they need to be because inventories stocked up, “just in case”. The fact that a lot of the manufacturing of that inventory takes place overseas will probably ameliorate that inventory aspect for a significant part
Inflation is not Cum’n down without a lot of Pain.. Volker caused two Recession on purpose how many Recessions will Powell cause don’t know.. It will happen by Him or without Him.. Wealth Destruction is a Certain…
This feels much more like the Dot.com boom-bust than the Carter malaise. The key aspect of the Carter malaise was the stagnation of US innovation, not in a small part due to the failure of the “business conglomerate” model. American business we’re getting their asses handed to them by lots of innovative, foreign competitors. Toyota, Sony, Panasonic, etc. businesses we’re headed to Mexico, Taiwan and Japan and jobs were going overseas.
Today, we’re in the middle of a flight from China. Yes, there’s pain coming here, but re-shoring will keep pressure on companies to staff these functions in the US, and that will keep the unemployment down, like in 2,000.
Like in the dot.com bust, there was the usual “irrational exuberance” followed by a market crash. The crash doesn’t make much difference, economically. The wild card is inventoriies, which are much higher than they need to be because inventories stocked up, “just in case”. The fact that a lot of the manufacturing of that inventory takes place overseas will probably ameliorate that inventory aspect for a significant part
Taxes on end of year inventories used to be pretty rough causing the ‘just in time, bare bones inventory ‘ for companies.
It’ll rise at some point. I’ll look at my account at the end of the year. I’m sure I’ll pink away a tear, but whatever. It’s not real for another 25 years.
The time it really Matters the most is when you need to sell.
All the Patriots need to sell,
Before the Ds drive it to Hell.
What's going to happen when Durham and Trump start rounding up the heads of all the Bolshevik Neonazi run majors for collusion and treason?
I think this is a bull trap, but a short squeeze could pop the market 5%-10% . Any pop is going to be short lived, we have a long way to go before it bottoms unless the fed steps in. I don't think the fed changes anything until inflation gets below 4%-5% which will take a while.
The only way stop inflation is recession, and that's the ugly truth the feds don't want to come out and address directly.
This feels much more like the Dot.com boom-bust than the Carter malaise. The key aspect of the Carter malaise was the stagnation of US innovation, not in a small part due to the failure of the “business conglomerate” model. American business we’re getting their asses handed to them by lots of innovative, foreign competitors. Toyota, Sony, Panasonic, etc. businesses we’re headed to Mexico, Taiwan and Japan and jobs were going overseas.
Today, we’re in the middle of a flight from China. Yes, there’s pain coming here, but re-shoring will keep pressure on companies to staff these functions in the US, and that will keep the unemployment down, like in 2,000.
Like in the dot.com bust, there was the usual “irrational exuberance” followed by a market crash. The crash doesn’t make much difference, economically. The wild card is inventories, which are much higher than they need to be because inventories stocked up, “just in case”. The fact that a lot of the manufacturing of that inventory takes place overseas will probably ameliorate that inventory aspect for a significant part
Dutch... you have delivered much soundness to this forum.
If we disagree on things it is only tangential... rarely core.
I think this is a bull trap, but a short squeeze could pop the market 5%-10% . Any pop is going to be short lived, we have a long way to go before it bottoms unless the fed steps in. I don't think the fed changes anything until inflation gets below 4%-5% which will take a while.
The only way stop inflation is recession, and that's the ugly truth the feds don't want to come out and address directly.
dead cat bounce as usual.
You can sell shorts and make good money if you know what you're doing.
For the average investor it will drop at least another 25 per cent. Probably more. And it will take years to recover. Americans still don't get it
The only way stop inflation is recession, and that's the ugly truth the feds don't want to come out and address directly.
Please help me understand that opinion.
I don't see the Fed as having even a book of matches left in their kit bag.
If a recession (or worse) happens/IS OCCURRING, by what means can the Fed or .GOV forestall or reverse it.
NOT being a smart ass here.
I really am seeking an answer... i.e. HOW can they fix this implosion? By what means?
By keeping rates low and buying assets the fed can keep the party going forever, but the side effect is inflation. At some point inflation becomes more painful than a market crash. If you find it , Susan Pomboy did some research on the current market excess and she has it at 24 trillion. 2007 excess was pegged at 15 trillion. We have some pain ahead for the next few years.
The fed has lots of tools for both injecting and removing capital from the system even though they claim they don’t. Repo markets, asset purchases, rates, etc. It’s easy to manipulate a market you control the money flow in.
First, government Bond rates need to stabilize such that folks can know and be confident in what money cost.
We’re not there yet as the Treasury yields are bouncing around in the short term and that’s unstable.
We won’t be at the bottom until the Treasury yields stabilize, then the picture clears somewhat.
Our economy growth rate has been at 5%+. The FED wants to tame that rate down to a more sustainable 3-3.5% and is doing so via the rate bumps upward. Latest numbers show growth to come in at the 4% range + or -.
We all know that more rate increases are coming and that should already be factored in the equation.
The FOMC should have some very relevant data that is to be announced this Friday comparing PCE to inflation.
I much appreciate the input, viewpoints and discussion you guys are doing.
You likely can make some good money doing the Inverse of Jim Cramer these days.
What will be interesting is when the Fed starts QT and then yo-yos back to QE when that ripple gets too much etc.
I don't know that they can stop inflation without recession - can someone tell me a time we did?
The FED typically overshoots in both directions that it’s trying to get to and achieve. Not too long ago they were wanting a “healthy 2-2.5% inflation rate “. They caused rates to stay too low for too long and now we have the present situation. Lots of other factors contributed to the inflation that we now have but those were mostly caused by government also.
Supposedly there’s a 6 month lag for pertinent data to reveal itself from any single interest rate bumps in either direction but particularly with QT. The public wants it to happen right now with each FED action but we know it never has worked that way
We may recall how long Japan went with negative interest rates causing people to pay their government to keep their money for them. We went a bit negative too for a while trying to stimulate things.
IMHO the difference between Japan and the US is spending.
If Japan says they will spend a trillion Yen on "Infrastructure, bridges and highways"... they ACTUALLY spend a trillion Yen on "Infrastructure, bridges and highways".
If US .GOV says they will spend a trillion dollars on "Infrastructure, bridges and highways"... they ACTUALLY spend a trillion dollars on utter bullchit with nothing actually going towards "Infrastructure, bridges or highways".
IMHO the difference between Japan and the US is spending.
If Japan says they will spend a trillion Yen on "Infrastructure, bridges and highways"... they ACTUALLY spend a trillion Yen on "Infrastructure, bridges and highways".
If US .GOV says they will spend a trillion dollars on "Infrastructure, bridges and highways"... they ACTUALLY spend a trillion dollars on utter bullchit with nothing actually going towards "Infrastructure, bridges or highways".
I've been an investor for over 50 years, been through many ups and downs, worst one was 03, lost 40% of my portfolio, but stayed the course and dumped another 10K into it when it hit bottom. Through all the swings, one thing has always happened, when we came out of it my investments always were worth more than when it began, this one is no different. Investments are meant for the long term, not ever for day by day or even week by week. So far I'm down about 12%, been retired for 21 years, Wife and I are living very comfortable on our pensions and SS, our investments are there for the kids, nice not to have to live on them.
JBMI, I wish I could say that. However, I am up 6% as of close today. I built my portfolio to do just what I wanted and it is nice to be successfull . I have not always been that way . In 2015 I went on my own and was done with my 3rd financial planner. Glad I did , I still follow his stocks and I still would hardly be up at all after 6 1/2 yrs. I have gained very close to the total market except for 2020 when the market gained 19% and I lost 8%. That hurt my feelings, but I stuck with the plan. This year is paying off and am 26% ahead of the total market. I have energy stocks, utilities, food, real estate healthcare and consumer staples. Im happy so far this year, however, next year may be different. In a year I am going to start phazing out of energy stocks a little and put them in whatever sector is unusually down. I hope and pray it works . I have 64 holdings. You may notice that tax free muni bonds did very well today . Mine (hyd) is up over 1%. I never saw a bond do that before. I gained .5% today .
Only smart course of action unless you’re smarter than the best Wall Street has to offer. The US economy for the most part is cyclical. My wife gets tweaked out and I always tell her to wake me up in 10 years when I hit 60 and I’ll start worrying about downturns.
Only smart course of action unless you’re smarter than the best Wall Street has to offer. The US economy for the most part is cyclical. My wife gets tweaked out and I always tell her to wake me up in 10 years when I hit 60 and I’ll start worrying about downturns.
Only smart course of action unless you’re smarter than the best Wall Street has to offer. The US economy for the most part is cyclical. My wife gets tweaked out and I always tell her to wake me up in 10 years when I hit 60 and I’ll start worrying about downturns.
That's how I feel about it too
I’m one hell of a lot more concerned about the cost of fuel and food right now!
This market reminds me of a chain saw running out of gas. It will sputter and every now and it will rev up on the lean mixture but it is out of gas. And now we don't have extra gas to pour into it.
This market reminds me of a chain saw running out of gas. It will sputter and every now and it will rev up on the lean mixture but it is out of gas. And now we don't have extra gas to pour into it.
Country boy analogy. Good one.
You may be right but some folks are evidently seeing value after the most recent past of their abandoning growth stocks in droves.
Futures up nicely for Thursday. Yesterday’s FED mtg had no surprises and they were consistent in their message for this summer on rate raising.
Friday’s (tomorrow) FOMC meeting notes and consumer spending data will be the next bridge to cross. If good then the value stocks and markets should benefit. If not good the markets will head back towards the crapper.
The increase in interest rates will not do anything to inflation, because it's a supply shortage, not excess buying.
The fed knows this.
By raising rates, they are making inflation worse, because it's making production costs rise.
They are powerless and they know it.
Powell will stop raising sooner rather than later, as there is an election coming up.
Second, as war heats up in Europe, that capital will look for somewhere to go....US stock market.
That probably will happen in 23.
Certainly agree that supply disruptions due to Covid are playing a role, but you don't think that all the dollars injected into the economy have anything to do with it?
Still, what else are you going to invest in? RE is extremely high, Savings rates are @ 1% or less. I'm still buying. I think in the end America will overcome the current administration and prosper again. If not, then money is really not going to matter. Not day trading, looking several years to a decade into the future......
And today ? The stock market proves you cant time the dumb thing. However, I thing the tech buyers are creating snother dead cat bounce down the road. The high dividend stock are fairly valued while tech and growth should have went down 50% from the top and that would have been another 23%?. As for me, I dumped 2/3 of my British Petroleum and bought some hospital REITS, some other REITS, and some bonds. About 5% went into a closed end fund that pays 9% divies and pays out monthly.
Ribka, Greg has that Mannarino Market Risk Indicator. (DXY = 101.64) * (TNX = 2.743) / 1.61 is the equation he shows. Any idea where the 1.61 comes from?
Not a lot of upside to be seen for awhile. My money will be going into multi family rentals. 15% increase on rents this year and no one batted an eye. In the middle of a project now that has a 3% fixed 20. With 15% increase in rents our pro forma is looking a lot better than it did 6 months ago when we started the project.
Everything reverts back to the bottom of the Trend Line eventually.. After listening to the Yard Gnome Yellen the other Day and her Greased Pig Answers to what caused the Inflation we’re seeing I’d say it’s the Abyss.. The Farm Animals The Derby Donkey named Mitch and Any Cock a Doddle Do Lindsay have not Word .. And Skies are Not Cloudy all Day..
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
So, no doubt she was a political appointment, I take it?
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
So, no doubt she was a political appointment, I take it?
On paper - she's qualified. Has the education etc. but apparently makes calls for political reasons. Might be best way to say that.
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
Have to respectfully disagree. Laymen saw this coming over two years ago and repeatedly sound the warning
She used to run the Fed from 2014 2018 when the QE really started. And we all know the Fed is corrupt and controls and manipulates our economy and stock market now. .
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
So, no doubt she was a political appointment, I take it?
On paper - she's qualified. Has the education etc. but apparently makes calls for political reasons. Might be best way to say that.
Yellen was a novice compared to Bernanke when it came to QE.
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
Have to respectfully disagree. Laymen saw this coming over two years ago and repeatedly sound the warning
She used to run the Fed from 2014 2018 when the QE really started. And we all know the Fed is corrupt and controls and manipulates our economy and stock market now. .
She knew all along this was happening.
I think we actually agree except for the "she was surprised" part. I was taking her at her word on that. But there's no rational reason why anyone should have been surprised and admitting it (true or not) should have been immediately followed by resignation. More my point. No one in her position should have been surprised - either she was and is unqualified or wasn't and is lying/letting it happen and is, objectively unqualified as well.
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
Have to respectfully disagree. Laymen saw this coming over two years ago and repeatedly sound the warning
She used to run the Fed from 2014 2018 when the QE really started. And we all know the Fed is corrupt and controls and manipulates our economy and stock market now. .
She knew all along this was happening.
I think we actually agree except for the "she was surprised" part. I was taking her at her word on that. But there's no rational reason why anyone should have been surprised and admitting it (true or not) should have been immediately followed by resignation. More my point. No one in her position should have been surprised - either she was and is unqualified or wasn't and is lying/letting it happen and is, objectively unqualified as well.
She simply lacked the fortitude to quit kicking the can further down the road to perdition.
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
Have to respectfully disagree. Laymen saw this coming over two years ago and repeatedly sound the warning
She used to run the Fed from 2014 2018 when the QE really started. And we all know the Fed is corrupt and controls and manipulates our economy and stock market now. .
She knew all along this was happening.
I think we actually agree except for the "she was surprised" part. I was taking her at her word on that. But there's no rational reason why anyone should have been surprised and admitting it (true or not) should have been immediately followed by resignation. More my point. No one in her position should have been surprised - either she was and is unqualified or wasn't and is lying/letting it happen and is, objectively unqualified as well.
She simply lacked the fortitude to quit kicking the can further down the road to perdition.
She strikes me more as the economist version of Robert Reich -- political objectives over rule any training or knowledge in the decision making.
Yep. they'll keep doubling down on failed policies to push their agenda despite the destruction they are wreaking on American people
Originally Posted by Dutch
Originally Posted by Houston_2
Originally Posted by Teal
Originally Posted by ribka
Originally Posted by Teal
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
Have to respectfully disagree. Laymen saw this coming over two years ago and repeatedly sound the warning
She used to run the Fed from 2014 2018 when the QE really started. And we all know the Fed is corrupt and controls and manipulates our economy and stock market now. .
She knew all along this was happening.
I think we actually agree except for the "she was surprised" part. I was taking her at her word on that. But there's no rational reason why anyone should have been surprised and admitting it (true or not) should have been immediately followed by resignation. More my point. No one in her position should have been surprised - either she was and is unqualified or wasn't and is lying/letting it happen and is, objectively unqualified as well.
She simply lacked the fortitude to quit kicking the can further down the road to perdition.
She strikes me more as the economist version of Robert Reich -- political objectives over rule any training or knowledge in the decision making.
The market can rally all the way down to the bottom. Drop 100, rally 30, drop 100, rally 30 type of thing and next thing you know, it's 1932 but hey "we rallied".
The problem with Yellen and it's HUGE that a government critter admitted they were wrong is - a gov critter in THAT position with THIS subject should never, EVER be so wrong. This wrong. Not when the signs are so damned clear. A high school student can see what was coming and she, the former Fed Chairman should have seen/anticipated and not been surprised.
Have to respectfully disagree. Laymen saw this coming over two years ago and repeatedly sound the warning
She used to run the Fed from 2014 2018 when the QE really started. And we all know the Fed is corrupt and controls and manipulates our economy and stock market now. .
She knew all along this was happening.
I think we actually agree except for the "she was surprised" part. I was taking her at her word on that. But there's no rational reason why anyone should have been surprised and admitting it (true or not) should have been immediately followed by resignation. More my point. No one in her position should have been surprised - either she was and is unqualified or wasn't and is lying/letting it happen and is, objectively unqualified as well.
She simply lacked the fortitude to quit kicking the can further down the road to perdition.
She strikes me more as the economist version of Robert Reich -- political objectives over rule any training or knowledge in the decision making.
The last few weeks was just a sucker rally. YTD, it was down 20% . That is official bear country, but we only saw a glimpse of the bear. Now we are back up a bunch as of yesterday . Now today we are down premarket. It will whipsaw back and forth but this market NEEDS a good , real bear to come and tear things till there is nothing left but the crying and the weeping . We should be down 30% from the top and that was the beginning of the year. As for me, I am up 9.5% YTD. I had 24% energy stocks and a lot of utilities. Those are the only 2 sectors that are positive for the year. I am concerned however, that oil is going to face some real headwinds in price. Many will dump it cause of recession fears. and bring the price down. However, the energy companies are making an awfull lot of money right now. Even at $70 barrel they will do very well. For those who care Hainsebrand ,Smith & Wesson is also likely a buy. GM is likely undervalued. Bonds are over sold and despite threats of higher interest rates , bonds will do ok for quite some time. I sold the rest of my British Petroleum stocks yeasterday and bought soem Chevron , Spirit Realty, a Charles Schwab inflation protected ETF. It pays about 7% dividends ( SCHP is the ticker) and it went up yesterday. PTY went up 1.3% yesterday. A solid sign that it is safe to say there should be a rally in the bond market cause I dont think I ever saw 1.3% raise on a bond in one day. High dividend Muni bonds have done very well the last few weeks after a 1 yr. downturn. HYD pays about 3.8% tax free divies.
While this market is down as much as it is, I’m initiating a Roth conversion for a chunk. Tax rates will certainly never be lower, and with the market down, I can convert more for the same tax hit. It’ll be good to reduce future RMD’s and eventually the heirs can avoid the new 10 year rule. If I don’t spend it all on hookers and blow, of course.
Still looking for a 30,000 DOW (or lower) before buying back in. Pretty sure it will happen by end of June.
That is a pretty reasonable guess I can go with. 30,000 is in the area of the Pre-Covid collapse highs which would put the Dow down 20% off the peak but if the qqq's reach the same spot they would be down 42%.
The Fed will have effectively tooketh away that which they gaveth.....at least the latest maybe biggest round of it.
Samsung has asked that their suppliers slow down IB material as they're sitting on inventory. Chips should be flowing soon. Heavy truck OEM guys I talked to - could not get chips, couldn't get them made (we're not talking cookies here) and just suffered through it. Right now you can steal a brain box from a Freightliner in about 30 seconds and there's a couple grand worth of chips in it - kills the truck dead. Super hard to replace.
RE tech - I dealt with mostly freight tech guys. Those entering the market were former high finance or other industries that saw another ripe for disruption. Raised a ton of capital and their "solutions" ended up looking for problems. All they were doing was digitizing old processes - not really creating new ones or massive efficiencies. They were guys in their 40's to 50's (average start up founder's age is 42 IIRC) raising cash because there was about zero POC needed on crazy stupid multiples.
Upside to some of these guys exiting will be the talent they horded being available to those with REAL solutions.
When the Fed gets the Fund Rate to 4% the World as we know it is Over .. Tsunami of Biblical Proportions is in the Offending.. Of course the Fed could let Mind Numbing Inflation Run it’s Course .. Then Fed Funds Thing is off the Table .. But .. The Good News is we’re all going to Die one Day..
When the Fed gets the Fund Rate to 4% the World as we know it is Over .. Tsunami of Biblical Proportions is in the Offending.. Of course the Fed could let Mind Numbing Inflation Run it’s Course .. Then Fed Funds Thing is off the Table .. But .. The Good News is we’re all going to Die one Day..
Most of the time the FED kills the economy with rates it's because they are bursting a bubble that they themselves created in the first place. I'm convinced if they just left the market alone and let the market decide what rates should be, we'd all be better off.
When the Fed gets the Fund Rate to 4% the World as we know it is Over .. Tsunami of Biblical Proportions is in the Offending.. Of course the Fed could let Mind Numbing Inflation Run it’s Course .. Then Fed Funds Thing is off the Table .. But .. The Good News is we’re all going to Die one Day..
Most of the time the FED kills the economy with rates it's because they are bursting a bubble that they themselves created in the first place. I'm convinced if they just left the market alone and let the market decide what rates should be, we'd all be better off.
Gotta remember what Alan Greenspan said to the congressional committee.
“Stability, in and of itself, creates instability “.
When the Fed gets the Fund Rate to 4% the World as we know it is Over .. Tsunami of Biblical Proportions is in the Offending.. Of course the Fed could let Mind Numbing Inflation Run it’s Course .. Then Fed Funds Thing is off the Table .. But .. The Good News is we’re all going to Die one Day..
Most of the time the FED kills the economy with rates it's because they are bursting a bubble that they themselves created in the first place. I'm convinced if they just left the market alone and let the market decide what rates should be, we'd all be better off.
Ya like in 2008 .. Oh before that Remember No Pay Stub Home Mortgages .. Barney Frank and his Butt Buddy at Fannie & Freddy .. Never Trust Pole Smok’r from Massinsanity.. That Bench is Deep .. The Ever Delusional John Kerry ..
Been looking at some charts and the indexes are getting within a few points of their 200 week moving averages which is big time long term support. For instance SPY is at 367 and the 200 week is a 349, qqq is at 271 and the 200 week is at 263.
I betcha the Al Gore Rhythms start buying there and kick off a rally when they hit the 200 week if not a bit before. Its either going to be the end of the bear market or a significant rally that will sucker the longs back in before the next leg down of the bear. Either way I don't think they will knife through it too far on the first try.
I expect its going to be the latter but there is no way to know until after the fact. If the averages start living below that line, financial hell is probably coming to town.
Fiat currency collapse is coming. You need 10% in physical gold and silver. It's on sale NOW. don't wait until, 2% of the people start buying, it will be too late.
Fiat currency collapse is coming. You need 10% in physical gold and silver. It's on sale NOW. don't wait until, 2% of the people start buying, it will be too late.
Long-term we average about 2.5% of savings in PM. Currently closer to 0.5%. Everyone chasing "returns" with equities pumped up by QE.
When we return to mean on the % in PM, the demand will be very impactful on the street price (who cares about the Comex?).
Bought the last 12 ounces of Gold I needed to hit my target, on this last dip. Might be early, but I'd rather be 3 months (or even 3 years!) early than one day late.
Already have enough silver for 20 years of subsistence.
You can never cover too many bases with the idiots we have in power.
I’m watching it closely. I’m about to start a large barndominium project on the place I bought in Mississippi.
I’ve contracted with a gentleman and his 2 sons to tear down and salvage the old home place there with him getting 1/2 of the lumber and all of the metal roofing. It’s a large home on pier and beam.
I’m watching it closely. I’m about to start a large barndominium project on the place I bought in Mississippi.
I’ve contracted with a gentleman and his 2 sons to tear down and salvage the old home place there with him getting 1/2 of the lumber and all of the metal roofing. It’s a large home on pier and beam.
Congressional lawmakers now formulating a plan to raise social security by 2400$/year “to help with inflation costs”.
Bloomberg
Plan will extend ss system’s solvency by 75 yrs by taxing those making over 200k$/yr and recalculating COLA using CPI based on elderly people’s spending habits.
Sponsors are Sanders in the Senate with a replica of the same in the House by deFazio.
1) About 49 percent of the population lived in a household where at least one member received a direct benefit from the federal government.
2) The number of households receiving government benefits has steadily risen over time, particularly after the financial crisis.
3) Three-quarters of entitlement benefits written into law in the United States go toward the elderly or disabled.
4) 60 percent of Americans were receiving more in government benefits than they paid in taxes.
"There are 47 percent of the people who will vote for the president no matter what," "All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it."
Mitt Romney, 2011
Above was 30 seconds of Google Fu. "What % of Americans receive money from from government?"
A coal miner working in the mine... AND having to buy his staples at the Coal Mining "Company Store"
A cotton picker working in the hot Georgia sun... AND having to beg his masser fo some water.
Really really... PROVE ME WRONG.
.gov wanted to send out gas "rebate" cards to people. Problem - chip shortage. Can't create enough cards for everyone so now they're back to square 1.
Novel idea - just stop taking my tax money rather than take it, spend it on cards and then "give it back" - it's criminal how little economic expertise this administration has.
.gov wanted to send out gas "rebate" cards to people. Problem - chip shortage. Can't create enough cards for everyone so now they're back to square 1.
Novel idea - just stop taking my tax money rather than take it, spend it on cards and then "give it back" - it's criminal how little economic expertise this administration has.
To quote Gus "Jake is too leaky of a vessel for anyone to much faith in".
Congressional lawmakers now formulating a plan to raise social security by 2400$/year “to help with inflation costs”.
Bloomberg
$2,400 a year will cover the mortgage on your barndominium?
Hell, I'll take their (my) money..
Your money is long gone. This is my grandkids money they are spending now.
Actually, that's correct. It's always the current generation of workers who pay for the retirees' S.S. income.
And before some idgit comes along and says I'm living off the backs of their children and grandchildren, let me inform them, when I was their age I was paying for their grammy and grampy's S.S.
Congressional lawmakers now formulating a plan to raise social security by 2400$/year “to help with inflation costs”. Bloomberg
$2,400 a year will cover the mortgage on your barndominium?
Hell, I'll take their (my) money..
Your money is long gone. This is my grandkids money they are spending now.
Actually, that's correct. It's always the current generation of workers who pay for the retirees' S.S. income. And before some idgit comes along and says I'm living off the backs of their children and grandchildren, let me inform them, when I was their age I was paying for their grammy and grampy's S.S.
Social Security is a contract the younger generation did not agree to. They weren't here. Social Security was doomed from the start by all the workers for the railroads, state employees, teachers, county and munincipial employees being exempt from paying in. Then birth control came along and we didn't produce near as many children as the previous generations.
My 30+ year old kids and their cohorts can end this contract when enough of us die off and they along with their kids figure out that all they are going to do is pay and never draw a dime.
Social security is contract between generations and the coming generation can opt out. For the above reasons and also for making it more than a subsistence program with ever increasing payments to idle people the system is doomed.
Congressional lawmakers now formulating a plan to raise social security by 2400$/year “to help with inflation costs”. Bloomberg
$2,400 a year will cover the mortgage on your barndominium?
Hell, I'll take their (my) money..
Your money is long gone. This is my grandkids money they are spending now.
Actually, that's correct. It's always the current generation of workers who pay for the retirees' S.S. income. And before some idgit comes along and says I'm living off the backs of their children and grandchildren, let me inform them, when I was their age I was paying for their grammy and grampy's S.S.
Social Security is a contract the younger generation did not agree to. They weren't here. Social Security was doomed from the start by all the workers for the railroads, state employees, teachers, county and munincipial employees being exempt from paying in. Then birth control came along and we didn't produce near as many children as the previous generations.
My 30+ year old kids and their cohorts can end this contract when enough of us die off and they along with their kids figure out that all they are going to do is pay and never draw a dime.
Social security is contract between generations and the coming generation can opt out. For the above reasons and also for making it more than a subsistence program with ever increasing payments to idle people the system is doomed.
There used to be a process and form whereby a person could withdraw from the ss system. That was back in the late 1970s. I can’t recall if it was tied to one’s religious beliefs or if it was a straight withdrawal from the system for one’s own private reasons.
I don’t know if that process still exists or not .
Congressional lawmakers now formulating a plan to raise social security by 2400$/year “to help with inflation costs”. Bloomberg
$2,400 a year will cover the mortgage on your barndominium?
Hell, I'll take their (my) money..
Your money is long gone. This is my grandkids money they are spending now.
Actually, that's correct. It's always the current generation of workers who pay for the retirees' S.S. income. And before some idgit comes along and says I'm living off the backs of their children and grandchildren, let me inform them, when I was their age I was paying for their grammy and grampy's S.S.
Social Security is a contract the younger generation did not agree to. They weren't here. Social Security was doomed from the start by all the workers for the railroads, state employees, teachers, county and munincipial employees being exempt from paying in. Then birth control came along and we didn't produce near as many children as the previous generations.
My 30+ year old kids and their cohorts can end this contract when enough of us die off and they along with their kids figure out that all they are going to do is pay and never draw a dime.
Social security is contract between generations and the coming generation can opt out. For the above reasons and also for making it more than a subsistence program with ever increasing payments to idle people the system is doomed.
I've always said people should be given a choice of where they put their retirement money. If I'd invested this Social Security money that I paid in through over 55 years myself, I'd have a hell of a bigger retirement chunk than I'm getting from them now.
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