The Economy

[walnut]

Trading on news and timing does not work generally (from what I have seen). It has to do with the problems associated  with  the 3 forms efficient market hypothesis. Whatever you know, someone else knew earlier.  Even worse, the market anticipates that you will think the way you think and manipulate you.  Pick your time and invest (or not invest) is the best strategy .

[ratty]

May 16, 2023 15:04:39 GMT glennkoks said:

[ Snip ]

*Taking free advice from anyone on the internet is never a good idea. Especially me, my track record is sketchy at best.

Noted.

[code]

Warren Buffett’s Berkshire Hathaway sells entire stake in TSMC

www.cnn.com/2023/05/16/investing/berkshire-hathaway-taiwan-tsmc-stock-exit-hnk-intl/index.html

Does he know something we don't?

[glennkoks]

May 16, 2023 23:05:00 GMT code said:

Warren Buffett’s Berkshire Hathaway sells entire stake in TSMC

www.cnn.com/2023/05/16/investing/berkshire-hathaway-taiwan-tsmc-stock-exit-hnk-intl/index.html

Does he know something we don't?

I have read that many of the wealthy in Taiwan are getting out and moving to Indonesia or relative safety elsewhere.  I love my home, my state and my nation and it would be hard for me to leave.  With that being said history has taught us time and time again that there is a fine line between being able to get out and losing everything.

The Jews in Germany during the early-mid 1930's.  Cubans just prior to Castro, the list goes on and on.  I would put the likelihood of a Chinese invasion of Taiwan in the next two years at 50/50 and those odds probably increase 10% per year there after.

www.rferl.org/a/did-us-lend-lease-aid-tip-the-balance-in-soviet-fight-against-nazi-germany/30599486.html

[ratty]

May 17, 2023 20:44:25 GMT glennkoks said:

May 16, 2023 23:05:00 GMT code said:

Warren Buffett’s Berkshire Hathaway sells entire stake in TSMC

www.cnn.com/2023/05/16/investing/berkshire-hathaway-taiwan-tsmc-stock-exit-hnk-intl/index.html

Does he know something we don't?

I have read that many of the wealthy in Taiwan are getting out and moving to Indonesia or relative safety elsewhere.  I love my home, my state and my nation and it would be hard for me to leave.  With that being said history has taught us time and time again that there is a fine line between being able to get out and losing everything.

The Jews in Germany during the early-mid 1930's.  Cubans just prior to Castro, the list goes on and on.  I would put the likelihood of a Chinese invasion of Taiwan in the next two years at 50/50 and those odds probably increase 10% per year there after.

www.rferl.org/a/did-us-lend-lease-aid-tip-the-balance-in-soviet-fight-against-nazi-germany/30599486.html

I've probably mentioned a service station customer called Mrs Cichocki before.
She was a Pole; she and her husband saw the war clouds looming prior to WW2.
They moved to China around 1935.
Japanese invasion.
They moved to Vietnam. Say no more .....
Then they moved just down the road from the business I managed.
I considered moving to New Zealand.
That is all.

[justme]

www.telegraph.co.uk/news/2023/05/16/dont-cheese-sandwiches-cant-afford-ingredients-widdecombe/?utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter#comment

[walnut]

Really, "Let them eat cake" sounds a little better.

[code]

Home buyers will now be able to put down as little as 1% on their home, Rocket Mortgage says

www.marketwatch.com/story/home-buyers-will-now-be-able-to-put-down-as-little-as-1-on-their-home-rocket-mortgage-says-ce46cb93?mod=home-page

I'm not sure if this is a good idea? Doing what we can to help people get housing is good, but aiding and abetting those who have shown, through prior bad choices, they are not reliable to acquire debt is a silly idea. I realize this doesn't fit all people who might benefit from this program, but it might put people who will default into homes.

[missouriboy]

May 18, 2023 13:18:50 GMT walnut said:

Really, "Let them eat cake" sounds a little better.

A head of her time.

[ratty]

May 22, 2023 17:55:17 GMT code said:

Home buyers will now be able to put down as little as 1% on their home, Rocket Mortgage says

www.marketwatch.com/story/home-buyers-will-now-be-able-to-put-down-as-little-as-1-on-their-home-rocket-mortgage-says-ce46cb93?mod=home-page

I'm not sure if this is a good idea? Doing what we can to help people get housing is good, but aiding and abetting those who have shown, through prior bad choices, they are not reliable to acquire debt is a silly idea. I realize this doesn't fit all people who might benefit from this program, but it might put people who will default into homes.

Sounds like Jimmy Carter's sub-prime lending all over again?

A new product by one of the biggest non-bank mortgage lenders in the U.S., called ONE+, will allow low and moderate-income aspiring homeowners to buy homes in their area with just 1% of a home’s purchase price down, the company said, as well as avoid paying mortgage insurance, both of which reduces the overall cost of owning a home.

To ensure the mortgages that originated by Rocket are sold and guaranteed by Fannie Mae FNMA, -0.46% and Freddie Mac FMCC, +0.89%, government agencies that buy home loans and supply funds to banks and mortgage lenders and support the housing sector, Rocket will pay 2% of the borrower’s loans, the company said. Their mortgage premium, which is typically required if a home buyer puts down less than 20% on a home, will also be slashed.

[gridley]

May 23, 2023 0:31:20 GMT ratty said:

May 22, 2023 17:55:17 GMT code said:

Home buyers will now be able to put down as little as 1% on their home, Rocket Mortgage says

www.marketwatch.com/story/home-buyers-will-now-be-able-to-put-down-as-little-as-1-on-their-home-rocket-mortgage-says-ce46cb93?mod=home-page

I'm not sure if this is a good idea? Doing what we can to help people get housing is good, but aiding and abetting those who have shown, through prior bad choices, they are not reliable to acquire debt is a silly idea. I realize this doesn't fit all people who might benefit from this program, but it might put people who will default into homes.

Sounds like Jimmy Carter's sub-prime lending all over again?

A new product by one of the biggest non-bank mortgage lenders in the U.S., called ONE+, will allow low and moderate-income aspiring homeowners to buy homes in their area with just 1% of a home’s purchase price down, the company said, as well as avoid paying mortgage insurance, both of which reduces the overall cost of owning a home.

To ensure the mortgages that originated by Rocket are sold and guaranteed by Fannie Mae FNMA, -0.46% and Freddie Mac FMCC, +0.89%, government agencies that buy home loans and supply funds to banks and mortgage lenders and support the housing sector, Rocket will pay 2% of the borrower’s loans, the company said. Their mortgage premium, which is typically required if a home buyer puts down less than 20% on a home, will also be slashed.

Ayup. Screwing over those who worked hard and made good decisions. That always works out well in the end.

[glennkoks]

Economically speaking it is strange times we live in. The Dow is still down 3500 points from its high set in January of 2022. Essentially a year and a half of stagnation. Inflation has come off its highs but remains stubbornly elevated. Interest rates have become restrictive yet employment is still very strong with companies still having a hard time hiring and keeping employees.

Personally I have been pessimistic about this market since it was clear to me inflation was not "transitory" in September of 2021. We have an entire generation now racked with federally guaranteed student loans. These loans have strapped are youth with debt and most will be unable to afford to buy homes and new cars for decades. Biden has extended and re-extended a grace period on paying back these loans interest free until August of this year. At the same time elevated interest rates created by the Fed to fight inflation will restrict growth. Money is no longer "free" and the fuel that has fed our economy for the better part of the last two decades has ran out.

On a macro level the debt our government has racked up has become oppressive. In the new world we live in higher interest rates affect everyone, even our government. Higher borrowing costs means the cost of servicing our massive debt load is only going to go up and our date with insolvency has been pushed forward.

So if our government is strapped with debt and our kids are strapped with debt what is going to fuel our economic growth over the next few decades?

[walnut]

The founders could not have imagined anything like the Rothschildian cabal which is currently running the world like it's own tax and usury plantation. But if they did, they would have expected us to have done something about it by now. We failed history during the covid hoax, and we are still failing. Our masters are a little smarter than us and I guess that's all it takes.

[flearider]

a slave is still a slave even if there free ... debt is the master now ...we are the last of the free folk ..are children's children will be surfs to the debt it was planned a long time ago ..

[gridley]

May 23, 2023 12:41:47 GMT walnut said:

The founders could not have imagined anything like the Rothschildian cabal which is currently running the world like it's own tax and usury plantation. But if they did, they would have expected us to have done something about it by now. We failed history during the covid hoax, and we are still failing. Our masters are a little smarter than us and I guess that's all it takes.

Or just a lot more evil.