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Post by code on Jul 7, 2022 1:59:47 GMT
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Post by code on Jul 7, 2022 2:03:56 GMT
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Post by walnut on Jul 7, 2022 3:00:59 GMT
I generally assume that those big investment banks have their own reasons when they make pronouncements like that |
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Post by walnut on Jul 7, 2022 21:20:19 GMT
Anyway I'm glad I bought just before this juicy bounce. I like the look of some of the charts. Maybe there will be another rug pull, maybe not.
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Post by missouriboy on Jul 7, 2022 22:20:28 GMT
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Post by glennkoks on Jul 7, 2022 22:43:56 GMT
Anyway I'm glad I bought just before this juicy bounce. I like the look of some of the charts. Maybe there will be another rug pull, maybe not. My argument would be that every time the market bounces up so does oil. It's a conundrum, I don't see how we get inflation under control and still have a thriving economy. I'm still on the sidelines and sleep really, really well at night. |
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Post by walnut on Jul 7, 2022 23:31:46 GMT
Anyway I'm glad I bought just before this juicy bounce. I like the look of some of the charts. Maybe there will be another rug pull, maybe not. My argument would be that every time the market bounces up so does oil. It's a conundrum, I don't see how we get inflation under control and still have a thriving economy. I'm still on the sidelines and sleep really, really well at night. Yes, today I decided that is basically the whole problem, and have somewhat changed my mind regarding the state of the economy.
I want to complain about the endless money printing, but if that were really the source of the problem then how is the dollar so high versus all other currencies? This economic slowdown is 100% due to inflation, and the inflation is 100% due to the outrageous oil, diesel, and gasoline prices. In the 70's they called it 'supply shock inflation'.
I still think that this recession could be mild. But don't underestimate their power to screw it up.
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Post by walnut on Jul 8, 2022 0:29:17 GMT
Our little investment fund is up 21.9% for the year, which we are more than happy with considering the difficult trading environment. Fairly proud of it so I'm posting the chart.
Thinking that we are in a good position for some significant gains if and when the market begins to come back.
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Post by glennkoks on Jul 8, 2022 1:29:05 GMT
I'm horrible at picking winners. I prefer a good old fashioned S&P Index fund, worry free investing and letting the law of averages work. I'm going to stay on target and wait until things stabilize and then jump back in when there is blood in the water...
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Post by gridley on Jul 8, 2022 11:48:20 GMT
I want to complain about the endless money printing, but if that were really the source of the problem then how is the dollar so high versus all other currencies? This economic slowdown is 100% due to inflation, and the inflation is 100% due to the outrageous oil, diesel, and gasoline prices. In the 70's they called it 'supply shock inflation'.
Just because we're screwed up doesn't mean everyone else isn't screwed up worse. For all his (many, many) faults, Trump did slow down our descent into madness for four years. Most of the rest of the world spent them gleefully charging down the path to self-destruction. We also, as a country, have a lot going for us at a fundamental level. To give one example, how many large countries both produce and refine significant amounts of oil? Another: while our military has been heavily emasculated, the combination of geography and its reach still leave us secure from overt external threats in the short term. How many countries can say that with confidence? |
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Post by walnut on Jul 8, 2022 12:13:15 GMT
I want to complain about the endless money printing, but if that were really the source of the problem then how is the dollar so high versus all other currencies? This economic slowdown is 100% due to inflation, and the inflation is 100% due to the outrageous oil, diesel, and gasoline prices. In the 70's they called it 'supply shock inflation'.
Just because we're screwed up doesn't mean everyone else isn't screwed up worse. For all his (many, many) faults, Trump did slow down our descent into madness for four years. Most of the rest of the world spent them gleefully charging down the path to self-destruction. We also, as a country, have a lot going for us at a fundamental level. To give one example, how many large countries both produce and refine significant amounts of oil? Another: while our military has been heavily emasculated, the combination of geography and its reach still leave us secure from overt external threats in the short term. How many countries can say that with confidence? Philosophically, I'm in your camp. There is plenty wrong. But I just cannot ignore the fact that the USD has been one of, if not the, strongest currency on earth. |
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Post by glennkoks on Jul 9, 2022 2:10:48 GMT
Just because we're screwed up doesn't mean everyone else isn't screwed up worse. For all his (many, many) faults, Trump did slow down our descent into madness for four years. Most of the rest of the world spent them gleefully charging down the path to self-destruction. We also, as a country, have a lot going for us at a fundamental level. To give one example, how many large countries both produce and refine significant amounts of oil? Another: while our military has been heavily emasculated, the combination of geography and its reach still leave us secure from overt external threats in the short term. How many countries can say that with confidence? Philosophically, I'm in your camp. There is plenty wrong. But I just cannot ignore the fact that the USD has been one of, if not the, strongest currency on earth. In the land of the blind the one eyed man is king. One could make the argument that historically gold and the dollar are flights to safety in troubled economic times. A more important question to ask is why is the dollar strong? Is it because worldwide things are tough and people are looking for perceived safety? Because if you look at it logically we have done everything in our power to devalue our currency? |
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Post by walnut on Jul 9, 2022 3:34:44 GMT
Philosophically, I'm in your camp. There is plenty wrong. But I just cannot ignore the fact that the USD has been one of, if not the, strongest currency on earth. In the land of the blind the one eyed man is king. One could make the argument that historically gold and the dollar are flights to safety in troubled economic times. A more important question to ask is why is the dollar strong? Is it because worldwide things are tough and people are looking for perceived safety? Because if you look at it logically we have done everything in our power to devalue our currency? Really, physical, real dollars have been demanded again as people cashed out of their stocks. I think that's basically it. |
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Post by glennkoks on Jul 12, 2022 2:07:27 GMT
In the land of the blind the one eyed man is king. One could make the argument that historically gold and the dollar are flights to safety in troubled economic times. A more important question to ask is why is the dollar strong? Is it because worldwide things are tough and people are looking for perceived safety? Because if you look at it logically we have done everything in our power to devalue our currency? Really, physical, real dollars have been demanded again as people cashed out of their stocks. I think that's basically it. I don't think people have really "cashed' out their stocks. Our government makes it to hard to do so. Most of the working class wealth in the U.S. is tied up in homes and 401K's. It's hard to get cash from either of these without paying the taxman. I moved my 401K's to money market funds last September. It was the only move that offered me protection from equities without paying penalties and taxes. I suspect many more have done the same. Once again we are in uncharted territory. Today Russia cut off the gas to Europe. On July 21st, if it does not come back on the stock market will tank worldwide. Deep and hard... |
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Post by missouriboy on Jul 12, 2022 22:39:20 GMT
When a Nation Collapses.
(tongue in cheek) Couldn't happen here right? They are just a small place. Our politicians wouldn't have anyplace to run to right? It seems that the article focuses on the cities. Is the countryside eating better?
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