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The first diapercrat & his band of Democrats will be sweating the numbers this quarter.. ______________________________________________ Life is short. It’s shorter with the wrong gun… | |||
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His Royal Hiney |
I just saw a house on Zillow. In 2020, it sold brand new for $300,000. In 2021, it sold again for $350,000. Now, it's listed for $450,000. So when you say you've seen this before, what do you mean? You're talking about 2008? "It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946. | |||
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Member |
Good timing as I just watch Peter Schiff. I think he pretty much addresses the issue. 2008 may not be repeating but rhyming-Kicking the can down the road so to speak. Haven't looked at the 401k but I have 10 years or so. What's crazy is constitutional silver is about 16.27 x face but you are doing good to get 24x when buying. A precious metals directed IRA is interesting but I still believe in "if you don't hold it-do you really own it?" Classic Musk. | |||
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Fire begets Fire |
Yes. The big short …  "Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty." ~Robert A. Heinlein | |||
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| Member |
There is always a recession on the way. I think we are in a recession now. It will continue and be more severe than normal, because the socialists are still in power. The government has wielded great power during the pandemic, with terrible results. They have decided to terminate certain classes of business based on emotions. They enjoy their power, and they think they are the smartest people in the world. They will continue to override capitalist price feedback and continue to destroy the oil industry and push electric vehicles and windmills. Biden will use defense procurement authority to control industries in the true spirit of the fascists. I grow a few cows. I read that the price of beef was up 39% over the past year. I am not getting anywhere near that much more for my cows. I am paying 233% more for fertilizer than last year, since Urea fertilizer is made out of natural gas which is up like crazy. If prices don't come down next spring, the cows will all be slaughtered, and there won't be any more. Farming is a low margin business and Democrats think that a full belly is a human right. Not worth my trouble. The tech stocks are getting hammered. Amazon was down 14% on Friday alone, due to a huge loss from the writedown of their investment in Rivian, the EV manufacturer. Rivian stock has gone down 70% so far this year, they just can't actually build the vehicles that they thought they could. They mumble about computer chips and supply chain issues. Netflix is tanking. These events are positive for the economy. Hopefully things will change after the mid term elections, but I have serious doubts. My countermeasures will remain frugality, which was taught to me by my depression era grandparents. No new cars, no new toys, no dining out. I may build a still. For renewable fuel, you see. ---------------------------------------------------- Dances with Crabgrass | |||
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quarter MOA visionary |
I think that ALL the media is talking about this then THAT doesn't help any either but the Biden Recession could very well be on it's way.  | |||
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| His Royal Hiney |
I'm very much interested in this as, I imagine, any homeowner or want to be homeowner is but I have no opinion. Other than the same rising home prices, do you see any other similarities that you think this is 2008 again? Someone who would disagree with you might say they "fixed" what was wrong that caused 2008 like no documentation income statements and easy mortgages. How would you respond? I'm just interested in your thoughts. I don't have any position to argue from.This message has been edited. Last edited by: Rey HRH, "It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946. | |||
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| His Royal Hiney |
I appreciate your insight from your personal experience. I also appreciate the insight on Amazon; I didn't bother to see what made Amazon drop. I liquidated the stock holdings that I controlled on Monday then on Wednesday, I fired my money management firm. I told them 50% growth over 5 years which was where I was in October was acceptable, under 30% over 5 years which was where I was with them was not for the fees I paid them. I liquidated their positions as well. I did keep a handful of stocks and Amazon was one of them. "It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946. | |||
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