Posted on 01/03/2023 4:54:16 AM PST by MtnClimber
I expected the Biden regime to do exactly what they did and expected the results that happened and are still happening. What idiots these people are.
I don’t know if there is an economic “Bomb Cyclone” on the horizon, but I’m glad I’m debt free. No mortgage, No car payment.
All these write ups are just suger coating the true disaster that is coming.
Yes.
Amen!
I want liz chennys advisor, her assets went up 600% in 2 years $7-$44 Million.
2023 will be in future textbooks.
If we still read books in the future...
S&P 500 is down 20% since it topped out exactly a year ago on Jan 3, 2022. Usually with that kind of slooowwww decline it goes down at least 40% -- ala 49% decline from spring 2000 to fall of 2002 (2 and a half years) or 56% decline from fall of 2007 to March 2009 (1 and a half years).
If it goes down rapidly as in 30% in a few months -- ala 1987 and 2020 -- it has a tendency to bottom out at 30%-ish and rapidly go back up. But it took 9 months to go down 30% this time (January to October 2022), so I stayed out.
It looks like I’m going to need to buy me some Battle Vision Storm sunglasses and a bigger cyclone bomb snow shovel.
No, not ahead, it is here now.
We’re in the middle of one. I don’t expect my well thought out retirement portfolio to continue to fare me well into a Biden (or any democrat) administration. 2 years of utter destruction so far and the dopey republicans just scratch their vacant heads.
Since I now have to work until I die due to econamic destruction caused ON PURPOSE by the Biden Regime, I am just spending and forget saving. F it.
We’re in a *recession* now, and will go into a *depression* in a few months. Prepare for it.
Feds need to lower interest rates now.
Get your basements ready the unemployed kids are coming home to roost.
I don’t think that they are going to lower rates any time soon. The rate is still far below the inflation rate. I think there will be two more increases and then the Fed will hold rates high for much longer than anyone expects. Leftists always ruin economies.
so I stayed out.
So did I mostly. The problem is inflation has over taken my gains last year...4% in short term treasuries verses the supposed 7-9% cpi increase. On the face it looks bad BUT 4% up is better than 20%, or more, down IMO!
The problem is I don’t see it improving soon. Looking at the firms that have huge capitalizations, they do not have revenues to support their size. PEs in the triple digits and dividends of near zero in many of the tech companies. Worse, as individuals retire and begin drawing down their 401s and with fewer workers buying into 401s, things look bleak to me especially with the FED trapped into raising rates to where they should have been to rein in the crazy deficit spending Congress and administration. Remember, cash, stocks, and other financial paper is exactly that, paper. A Fahrenheit 451 is coming.
“I want liz chennys advisor, her assets went up 600% in 2 years $7-$44 Million.”
Hmmm, I wonder how a repulsive human being with no discernible talent in any area manages to get rich?
Oh, wait...I think I have an answer......
Probably now an economic “atmospheric river” given the new hysterical language.
That said, we are indeed heading for something very bad, I fear.
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