Shoot The Breeze 3.0

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Uglytaco said:
I talked to my dad about 2008 and what his strategy was, he said he didn’t touch a dime & just kept money in. It’ll be interesting too hear from those during those years
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Need some chips with this dip. Dude the market crashed bigly just 2 years ago. What did you do then?
 
It's almost like the things I've been warning about for years in these threads is finally starting to become evident to the common folk. Like I've been saying all along, maxing out your TSP if you have 10+ years to retirement won't do you any good because it doesn't matter how much money you have on paper at the end of the day, what matters is how much you can buy with the money. By the time you can touch those dollars assuming we even still transact in dollars by then, you'll be lucky if your TSP covers the cost of one years worth of your current standard of living. The dollar will be worthless in due time. The Fed is trapped and can't raise interest rates or reduce it's balance sheet without completely imploding the fake bubble economy as inflation continues to decimate everyone who isn't a wealthy property owner. Every commodity is on an absolute tear right now which translates into accelerating food and energy costs. Meanwhile, equities are still taking a huge hit on all that geopolitical risk that isn't going away any time soon. Can't even hide out in crypto after the government announces their new crypto policies later this week likely aimed at targeting cryptos use in avoiding all their newly imposed sanctions.

The crazy thing is we're just getting started and on top of that, the USD is actually catching a bid and is relatively strong against other currencies as it's being sought out as a safe haven. But one day everyone will eventually wake up and realize the dollar isn't worth the digital paper it's "printed" on and then it is really going to be the end times for the American standard of living. But yeah, go ahead and BTFD! Stonks always go back up. Shiiit I wish the TSP integrate and ARKK fund so I can entrust my entire retirement portfolio to the genius fund manager that is Cathie Wood. She's only in the midst of a 60% drawdown from the highs. What a bargain!

1646718501414.png
and watch your money go


bye bye bye justin timberlake gif GIF
 
Acquired Taste said:
It's almost like the things I've been warning about for years in these threads is finally starting to become evident to the common folk. Like I've been saying all along, maxing out your TSP if you have 10+ years to retirement won't do you any good because it doesn't matter how much money you have on paper at the end of the day, what matters is how much you can buy with the money. By the time you can touch those dollars assuming we even still transact in dollars by then, you'll be lucky if your TSP covers the cost of one years worth of your current standard of living. The dollar will be worthless in due time. The Fed is trapped and can't raise interest rates or reduce it's balance sheet without completely imploding the fake bubble economy as inflation continues to decimate everyone who isn't a wealthy property owner. Every commodity is on an absolute tear right now which translates into accelerating food and energy costs. Meanwhile, equities are still taking a huge hit on all that geopolitical risk that isn't going away any time soon. Can't even hide out in crypto after the government announces their new crypto policies later this week likely aimed at targeting cryptos use in avoiding all their newly imposed sanctions.

The crazy thing is we're just getting started and on top of that, the USD is actually catching a bid and is relatively strong against other currencies as it's being sought out as a safe haven. But one day everyone will eventually wake up and realize the dollar isn't worth the digital paper it's "printed" on and then it is really going to be the end times for the American standard of living. But yeah, go ahead and BTFD! Stonks always go back up. Shiiit I wish the TSP integrate and ARKK fund so I can entrust my entire retirement portfolio to the genius fund manager that is Cathie Wood. She's only in the midst of a 60% drawdown from the highs. What a bargain!

View attachment 7528
and watch your money go


bye bye bye justin timberlake gif GIF
Click to expand...
I hear the fed wants to raise the % by .25% every quarter & so on in fears they might crash the economy completely. Seeing how they have managed the economy lately I won’t be surprised if they screw things up somehow.

Hoping housing market goes down so I can snag 3-4 at cheap price.

You got some good info tho
 
I’m just trying to figure out why every company is making record profits. You’d think some new entrants should be coming in to lower prices
 
Uglytaco said:
I hear the fed wants to raise the % by .25% every quarter & so on in fears they might crash the economy completely. Seeing how they have managed the economy lately I won’t be surprised if they screw things up somehow.

Hoping housing market goes down so I can snag 3-4 at cheap price.

You got some good info tho
Click to expand...
They're all bark and no bite unfortunately. Consensus was they were originally going to hike by 0.5% the first time and then 0.25 afterwards but Powell just walked that back in his congressional confirmation hearings. But they have to pretend they are serious about fighting inflation because if they let the cat out of the bag that they can't fight inflation without killing the economy, it's game over right then and there. If they were actually serious about it, they wouldn't still be buying treasuries and MBS and still have interest rates at 0% in this supposed "super strong economy" that has "recovered" better than anyone could have imagined. Besides, even if they hiked 8 times or whatever the markets are pricing in, it won't make a difference. You can't fight 7.5% (BS official number) inflation (15%+ actual inflation) with a 2% interest rate.

As far as housing, he also said he doesn't want to hike so much prices stop rising. But I think ultimately as mortgage rates start to rise if they ever follow thru with the interest rate hikes, housing prices will fall. I too would like to buy a house some day but refuse so long as I'm stuck in this shit location and this shit housing market. Maybe one day though...
32andBelow said:
I’m just trying to figure out why every company is making record profits. You’d think some new entrants should be coming in to lower prices
Click to expand...
Because there's a record number of dollars in circulation and an insane amount of money was distributed to those with the propensity to spend the most. It's not rocket science. Still waiting for you to enter the market so you can lower consumer prices while sharing your excess profits with your employees in the form of full benefit packages and livable wages. But I also know there's a better chance of me finding Jimmy Hoffa than that ever happening.
 
Acquired Taste said:
They're all bark and no bite unfortunately. Consensus was they were originally going to hike by 0.5% the first time and then 0.25 afterwards but Powell just walked that back in his congressional confirmation hearings. But they have to pretend they are serious about fighting inflation because if they let the cat out of the bag that they can't fight inflation without killing the economy, it's game over right then and there. If they were actually serious about it, they wouldn't still be buying treasuries and MBS and still have interest rates at 0% in this supposed "super strong economy" that has "recovered" better than anyone could have imagined. Besides, even if they hiked 8 times or whatever the markets are pricing in, it won't make a difference. You can't fight 7.5% (BS official number) inflation (15%+ actual inflation) with a 2% interest rate.

As far as housing, he also said he doesn't want to hike so much prices stop rising. But I think ultimately as mortgage rates start to rise if they ever follow thru with the interest rate hikes, housing prices will fall. I too would like to buy a house some day but refuse so long as I'm stuck in this shit location and this shit housing market. Maybe one day though...

Because there's a record number of dollars in circulation and an insane amount of money was distributed to those with the propensity to spend the most. It's not rocket science. Still waiting for you to enter the market so you can lower consumer prices while sharing your excess profits with your employees in the form of full benefit packages and livable wages. But I also know there's a better chance of me finding Jimmy Hoffa than that ever happening.
Click to expand...
So no fighting inflation to screw the middle class while kneecapping the oil industry and forcing us peasants to buy Teslas that are worth $40-$70K and can’t even charge when power goes out (fall into debt).

Smoke and mirrors sounds about right. You have really good points, I hope to learn more from you. Thank you.
 
Uglytaco said:
So no fighting inflation to screw the middle class while kneecapping the oil industry and forcing us peasants to buy Teslas that are worth $40-$70K and can’t even charge when power goes out (fall into debt).

Smoke and mirrors sounds about right. You have really good points, I hope to learn more from you. Thank you.
Click to expand...
Think About It Reaction GIF by Identity

Now you're putting the pieces together! Appreciate the kind words brother! I'm always willing to put my perspective out there to anyone who is willing to at least look through my lens with an open mind and if I can just teach one person something new or get help them see a little bit of the bigger picture, it's all worthwhile for me.
 
Acquired Taste said:
Think About It Reaction GIF by Identity

Now you're putting the pieces together! Appreciate the kind words brother! I'm always willing to put my perspective out there to anyone who is willing to at least look through my lens with an open mind and if I can just teach one person something new or get help them see a little bit of the bigger picture, it's all worthwhile for me.
Click to expand...
I can always appreciate another perspective. We can always learn

No doubt in my mind this guys is senile and someone else is running the show.
https://twitter.com/x/status/1501236122113953793
Gas to $10. Thanks Biden, very cool!
 
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