Posted on 02/23/2023 9:24:14 AM PST by Kaiser8408a
Dow and gold down again today.
I had the same monthly FICO score - 814 - for the last three years.
This month - 810.
The only change is paying my rent with my CC.
I should also mention that 15% of my Bonds are long term but I do that through a Franklin Templeton Bond Fund. I don’t even think about that account, it just does what it does, had for years.
Scores are weird but 4 points means nothing. I don’t care about them because I don’t borrow money at my age. My score vacillates between 796 and about 810, it doesn’t matter.
I loan money, I don’t borrow it.
Still waiting to buy back into tech.
However - if the 30 Year US Treasury goes to 10%, I would be a major buyer.
Once again - I cannot understand why anyone would buy long term Treasury debt at 3.9%.
“Once again - I cannot understand why anyone would buy long term Treasury debt at 3.9%.”
Long-term Bond Funds and others use Bonds to balance risk levels. We have to remember their horizon is infinite compared to ours.
I’ll take it you are correct about 95, I’m going from memory. I was so busy in ‘95 I didn’t even notice.
I can’t see much of either growth or recession from this graph in ‘95.
This is not a rebuttal but a discussion. I see credit card debt increasing. Joe consumer is trying to hold on to the past or not making ends meet in the present. Something has to give and that is a slowdown. Can’t happen soon enough and we move on. Thing is, as you say wages are higher, people are still bidding for people. The local lumber yard is one example, losing people to better jobs faster than the lumber business is falling off.
I agree wholeheartedly that we had 2 years of free lunch and the bill is being paid and it will take time to get that done. Stupidly, I did not harvest as much of the free lunch as I want to have done.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.