Oregon has been killing it in recruiting

[HUSKERFAN66]

With all due respect, do you have any idea how much money the FDIC has to bail out accounts?
They only have $ 125B in reserves. At <250 K a pop, that gets gobbled up in a day.
In a huge city like Los Angeles there are probably 100,000 people that have over 250K in the bank, that's $25 Billion right there.

Yellen already said they will only bail out the big banks, the rest are gonna be SOL. Banks will just issue people some worthless bank stocks, where you're at the bottom as an unsecured lender.

The ultimate plan is for all regional and small banks to go belly up leaving us citizens with about 6 mega banks. That's been the intent since 1913.

Read the Dodd-Frank Banking Bill of 2010. It can't be any more clear what will happen.

It's the government trust me. NOT. I don't trust anything about our government. Wish I could convert everything into gold

 

[itseasyas1-2-3]

It's the government trust me. NOT. I don't trust anything about our government. Wish I could convert everything into gold

A lot of folks have the same sentiments.

Personally I wouldn't recommend converting all of what I have into gold. Sure, its liquid,
and its been recognized as money around the world for thousands of years.

If fiat currency isn't able to retain any value, and the USD certainly hasn't, then it's currency, not MONEY.

The very definition of MONEY is something that retains its purchasing value and is recognized as such virtually anywhere in the world.

 

[TampaBaySkers]

When did you pull into cash if you don’t mind me asking? Have you been able to ride the most recent wave up?

I tend to hold it, and not time the market, knowing in general I will keep pouring into it each check and during bonus time. I’ll ride it if it goes down and will buy as much as I can while it’s on sale. And ride it back up. Other than the big one it is basically fully recovered within 2-3 years, and I’m at least 10-15 years from retirement.

Goal then is to stay aggressive and have enough to weather the storms. Don’t want to have my largest sum ever at retirement parked in cash.

We will see how it plays out.

When did you pull into cash if you don’t mind me asking? Have you been able to ride the most recent wave up?

I tend to hold it, and not time the market, knowing in general I will keep pouring into it each check and during bonus time. I’ll ride it if it goes down and will buy as much as I can while it’s on sale. And ride it back up. Other than the big one it is basically fully recovered within 2-3 years, and I’m at least 10-15 years from retirement.

Goal then is to stay aggressive and have enough to weather the storms. Don’t want to have my largest sum ever at retirement parked in cash.

We will see how it plays out.

You can never wrong with dollar cost averaging. I missed this big bull run in my non-401k investments. Looks like my VIX holdings will finally start to pay off though.

Bitcoin is getting absolutely destroyed. Nothing like being down 25% in a week.

 

[Dean Pope]

Treasury bond market is screaming a major bull steepening which means a nasty recession is on our doorstep. Everything bubble is gonna pop.

The economy has been going so great lately, but it appears that the feds efforts to slow down the economy may finally be working. Perhaps a little too well.

 

[TampaBaySkers]

The economy has been going so great lately, but it appears that the feds efforts to slow down the economy may finally be working. Perhaps a little too well.

Powell needs to stay strong. No emergency meetings. Needs to be more blood in the streets.

 

[Dean Pope]

I put my 401k in cash at the start of covid but I couldn't handle the stress of worrying if I was going to time my re-entry correctly. I ended up making some money but I had trouble sleeping at night and I never have trouble sleeping.

Most people who went to cash missed some of the biggest run ups. Hopefully you got back in before too much damage was done. The tough part of timing the market is that you have to get lucky on not one but two decisions-- when to get out and when to get back in. Timing the market never seems to work in real life although most people seem to have no problem with it on anonymous message boards and the financial shows.

 

[Dean Pope]

Powell needs to stay strong. No emergency meetings. Needs to be more blood in the streets.

Please elaborate. I like hearing a range of opinions.

 

[Shoxsker]

Normally stay away feom the finance talk since I'm not a professional. That said I loaded up about 3 weeks ago on SQQQ. It's going to make a mint during the downturn. Stock moves 3x opposite of nasdaq. Youre welcome. Best way to make $$ in a bad market without playing options. I did very very well with it in 2020 and walked away from it as it was in free fall. I expect it to increase over 100% in the next 90 days.
Any professionals who want to share opinions of this please do.

 

[TampaBaySkers]

Please elaborate. I like hearing a range of opinions.

Don’t want a repeat of the 70s. If you cut too early inflation can come back with a vengeance. Much better to overdue it than to cut too early.

 

[TampaBaySkers]

Normally stay away feom the finance talk since I'm not a professional. That said I loaded up about 3 weeks ago on SQQQ. It's going to make a mint during the downturn. Stock moves 3x opposite of nasdaq. Youre welcome. Best way to make $$ in a bad market without playing options. I did very very well with it in 2020 and walked away from it as it was in free fall. I expect it to increase over 100% in the next 90 days.
Any professionals who want to share opinions of this please do.

SQQQ up 18 % in pre market. VIX (VXX) up over 50% in pre market.

 

[TampaBaySkers]

The darling of the market - Nvidia has crashed. Down 23% in 3 days

 

[Huskers123456]

Most people who went to cash missed some of the biggest run ups. Hopefully you got back in before too much damage was done. The tough part of timing the market is that you have to get lucky on not one but two decisions-- when to get out and when to get back in. Timing the market never seems to work in real life although most people seem to have no problem with it on anonymous message boards and the financial shows.

I only left mine in cash for less then a week before I cracked and put it back in. I ended gaining around $8,000 IIRC but it was a stressful week wondering if I cashed out at the bottom. Very stressful thinking about what to do if it keeps going up and when to take a loss and buy back in higher. I definitely wouldn't do it again.

 

[itseasyas1-2-3]

Don’t want a repeat of the 70s. If you cut too early inflation can come back with a vengeance. Much better to overdue it than to cut too early.

The Fed has a choice between inflate or die. The time is nearing when they will get to decide its either the Dollar or the Market. One or the other, but not both.

 

[itseasyas1-2-3]

SQQQ up 18 % in pre market. VIX (VXX) up over 50% in pre market.

VIX was a pretty good signal there would lots of fires today.

 

[HBK4life_rivals100467]

Don’t want a repeat of the 70s. If you cut too early inflation can come back with a vengeance. Much better to overdue it than to cut too early.

 

[TampaBaySkers]

 

[HBK4life_rivals100467]

 

[TampaBaySkers]

People bought the dip. Only down 435 now, but that was a crazy opening.

 

[itseasyas1-2-3]

People bought the dip. Only down 435 now, but that was a crazy opening.

It's all a fraud to shake things out of the hands of people who are positioned poorly.

 

[TruHusker]

The economy has been going so great lately, but it appears that the feds efforts to slow down the economy may finally be working. Perhaps a little too well.

The economy hasn’t been going well, that was a myth. Read some data about people not being able to pay credit card bills or how many have raised their 401 K to get extra cash. The average consumer just keeps spending if he has the money or not. Housing is another area that has been headed down for some time. The government propped things up with printed money which caused inflation. It is going to be a wild ride. One I don’t anticipate healing soon.

 

[Dean Pope]

I only left mine in cash for less then a week before I cracked and put it back in. I ended gaining around $8,000 IIRC but it was a stressful week wondering if I cashed out at the bottom. Very stressful thinking about what to do if it keeps going up and when to take a loss and buy back in higher. I definitely wouldn't do it again.

I see. For my part, I sold about 20% of my stocks and did nothing with my crypto. Then I got back in fairly quickly but only after I missed a few really good gains. What I did get right was investing in equal parts VGT and VHT as a pandemic play. I wound up selling some VGT eventually to rebalance but I wish I hadn't. My VGT is still well ahead of the VHT.

I'm really not much different than anyone else who sold in March of 2020. I sold. The only redeeming thing was that I only sold a portion (roughly 1/5). I've never seen things as an "all or nothing" play. Like my Dad used to do with selling his corn and beans. He sold his crops incrementally over the course of the next nine months after harvest. I think he was dollar cost averaging in that way.

 

[Dean Pope]

The economy hasn’t been going well, that was a myth. Read some data about people not being able to pay credit card bills or how many have raised their 401 K to get extra cash. The average consumer just keeps spending if he has the money or not. Housing is another area that has been headed down for some time. The government propped things up with printed money which caused inflation. It is going to be a wild ride. One I don’t anticipate healing soon.

I'm looking at macroeconomics. The job market has been red hot. Unemployment under 4% is the longest streak since Vietnam War. Job growth 43 consecutive months despite rising interest rates. Inflation rate around 3% for about a year. Major stock market indexes have been at an all time high. Those are all good signs. But credit card debt is up. People love spending and don't seem to love working. People prefer to sit around on their phones and *****. Every economy has winners and losers unfortunately.

 

[HUSKERFAN66]

I'm looking at macroeconomics. The job market has been red hot. Unemployment under 4% is the longest streak since Vietnam War. Job growth 43 consecutive months despite rising interest rates. Inflation rate around 3% for about a year. Major stock market indexes have been at an all time high. Those are all good signs. But credit card debt is up. People love spending and don't seem to love working. People prefer to sit around on their phones and *****. Every economy has winners and losers unfortunately.

It's false

 

[Dean Pope]

It's false

And your sources?

 

[itseasyas1-2-3]

The economy hasn’t been going well, that was a myth. Read some data about people not being able to pay credit card bills or how many have raised their 401 K to get extra cash. The average consumer just keeps spending if he has the money or not. Housing is another area that has been headed down for some time. The government propped things up with printed money which caused inflation. It is going to be a wild ride. One I don’t anticipate healing soon.

You are absolutely correct. My son works for a global company and sees all the internal data from many different sectors. The one constant is that no one is spending any money.

 

[itseasyas1-2-3]

I'm looking at macroeconomics. The job market has been red hot. Unemployment under 4% is the longest streak since Vietnam War. Job growth 43 consecutive months despite rising interest rates. Inflation rate around 3% for about a year. Major stock market indexes have been at an all time high. Those are all good signs. But credit card debt is up. People love spending and don't seem to love working. People prefer to sit around on their phones and *****. Every economy has winners and losers unfortunately.

This is all ridiculous nonsense.
Go to Daily Job Loss.com and see how great businesses are doing.
Job loss after job loss, stores closing all over the country. This economy sucks.

 

[RBigredMax]

This is all ridiculous nonsense.

Which parts are incorrect?

 

[itseasyas1-2-3]

Which parts are incorrect?

Vertually everything is wrong.
The only thing close is the credit card debt, and that is massive for the vast majority.
This isn't even the tip of the iceberg.

 

[HUSKERFAN66]

And your sources?

The economy is not strong. Last month the feds adjusted unemployment up and gdp lower. I drove over an overpass with a UP rail yard underneath. I've never seen so many locomotives just parked there. Then that night I noticed there was no truck traffic going by between the hours of 10 pm and 6am. The house I was staying at is on a highway between 2 old dominion warehouses. When I stay there there's constant truck traffic except between 3 and 5 am. I told my wife Saturday morning I think the economy is tanking because of those reasons. Plus John deere laid off a bunch. Farm income is was bad last year and going to be a lot worse this year.

Put on top of that high interest and inflation which was caused by 35+ trillion national debt. Then throw in paying for all the boarder crosses freebies and this economy is bad.

Feds don't give you the real numbers

 

[HBK4life_rivals100467]

 

[RBigredMax]

Vertually everything is wrong.
The only thing close is the credit card debt, and that is massive for the vast majority.
This isn't even the tip of the iceberg.

Inflation has been about 3% for a year.

Major indexes have had all-time highs

Unemployment under 4% for a long period of time

Credit card debt is up

People love to sit on phones and *****

People love spending

Every economy has winners and losers

 

[itseasyas1-2-3]

And your sources?

Reality.

 

[itseasyas1-2-3]

Inflation has been about 3% for a year.

Major indexes have had all-time highs

Unemployment under 4% for a long period of time

Credit card debt is up

People love to sit on phones and *****

People love spending

Every economy has winners and losers

Ridiculous. Tell me you don't actually believe these effing numbers?

 

[RBigredMax]

Ridiculous

You may say so Easy but all of this is verifiable except maybe the sitting on phones and bitching.

You can disagree that those facts are a sign of a healthy economy and there is plenty of information to say we are not healthy but literally all of those are true.

 

[TampaBaySkers]

Inflation has been about 3% for a year.

Major indexes have had all-time highs

Unemployment under 4% for a long period of time

Credit card debt is up

People love to sit on phones and *****

People love spending

Every economy has winners and losers

Unemployment has been good, but it’s up 23% in one year. Typically unemployment takes the elevator up and the stairs down.

Inflation for the year has been 3.25, but 3 is a good guess for the whole year though.

 

[itseasyas1-2-3]

You may say so Easy but all of this is verifiable except maybe the sitting on phones and bitching.

You can disagree that those facts are a sign of a healthy economy and there is plenty of information to say we are not healthy but literally all of those are true.

Look, you're a good dude but those numbers are bogus.

I'm not gonna try to change your mind, but anyone who actually believes those horseshit numbers is gonna get a reality check.

I don't buy the mainstream news ********. Go to shadowstats.com and see the REAL numbers.
Not the massaged numbers from those same people who lie 24/7 to the masses.

 

[itseasyas1-2-3]

Unemployment has been good, but it’s up 23% in one year. Typically unemployment takes the elevator up and the stairs down.

Inflation is 17%. And has went up 19.2% under the current administration.

 

[Dean Pope]

This is all ridiculous nonsense.
Go to Daily Job Loss.com and see how great businesses are doing.
Job loss after job loss, stores closing all over the country. This economy sucks.

Jobs are lost and new jobs are created. That's how capitalism works. I'm not sure what exactly is ridiculous nonsense.

 

[TampaBaySkers]

Jobs are lost and new jobs are created. That's how capitalism works. I'm not sure what exactly is ridiculous nonsense.

Full time jobs have been net negative the last several reports. Headline numbers have looked good, but a lot of that has been people holding multiple part time jobs and gig work - Uber, DoorDash etc.

 

[itseasyas1-2-3]

Jobs are lost and new jobs are created. That's how capitalism works. I'm not sure what exactly is ridiculous nonsense.

Do you know what the Labor Participation Rate is?

I've been in the economy since gas was 19 cents a gallon and cigarettes were 26 cents.
My first job paid 40 cents an hour.
We built our home in 1984 and paid it off in 1991. We've been debt free for 33 years.

I know a little bit about money and the economy.