there is little that can be done to stop the debt train and the coming crash at this point.
The very real problem is they are only looking at half the metrics.
But hey, no mean tweets - so that's good.
Oil up to $64 a barrel, soon to be over $100. It’s like obumber is back.
It will be fascinating to watch the media try to blame the 2022 recession - potential Depression - on Trump.
Frankly, it’s not impossible they’ll succeed. 49% of the American public are gullible morons.
Even if my portfolio goes down 50%, I still have enough to retire on. If it goes further than 50%, then I guess I’ll join you all in the breadlines.
Great - my IRA monthly statement came yesterday and is at record levels for me.
Simple rule to get rich..
Buy lower sell higher.
Sp500 (500 biggest US stocks) is down from 3930 area to 3760 area today, or down 4.3%
Time to sell was at 3930.
I will buy if drops to 3635.
Tell me what a 30year bond is worth that yields 2% when interest rates jump to 10%?
How dare anyone question the Captain of the ship!
Damn the icebergs!! Full Screw Job Ahead!!
Is it coincidence he can tank a market quicker than Capt. Smith and the Titanic?
Sunk is Sunk. Does it matter how ya got there?
Talk about an E ticket ride. Cinch up your mask!
Thanks.
Powell can’t show he’s too much of a slave to stock and bond prices.
He’ll let a correction run a bit longer. If it gets to 20%, then he’ll act.
Besides, a 20% correction after the run up of the last 12 months would be totally normal.
Going back to checking market only on the 1st of the month, buckle up we are in for a bumpy ride these next couple of year.
Don't exactly want to argue about it; but it was comments like these, on the surface, that ran me out of stocks in 2007.
Actually, the best way to weather the GFC of 2008 was probably given by Mary Hartman...sit on your hands...“everything's going to be all right and afterwards, we're all going to the House of Pancakes.”/s
His comments caused crude oil prices to explode. $3 gas is coming very soon nationwide.
there’s going to be inflation no matter what the Fed does, and it’s already happening ...
inflation is going to be due to the fundamentals, not the financials, because energy prices are soaring and will continue to soar as a DELIBERATE consequence of the “Biden” administration push to shut down domestic energy production, ...
anything that needs to be heated, transported, farmed, grown, mined, smelted, processed, imported, retailed, synthesized or manufactured requires massive energy inputs and hence EVERYTHING consumed in daily life will necessarily increase in price regardless of how much artificial “liquidity” is pumped into the economy ...
His comments nearly bankrupted me with a short hour.
It will be a volatile market for a while. It will not be pretty.
Are the democrats trying to crash the economy even more?