OT: stock market
- Thread starter Lincoln100
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Well, each percentage higher knocks about 10% off the value of the house. It's why the fed can't let interest rates go too high too quickly. Instant collapse every time. Plus the derivative clustermess. It exponentially implodes. If interest rates go to 15% again, house prices fall (give or take) 90%+.
Houses were cheaper. End of list on the reasons why.
Truthfully, as counterintuitive as it sounds, if you want to afford a house, you want higher interest rates at the present time.
...and yes, that would cause a 1929 situation. But if you have a solid job, you'd probably pay cash for your house.
100% on the Buffett comment. S&P and indexed funds will almost always outperform anybody throwing darts at the wall over time. Diversify, close your eyes and keep feeding the accounts (until near retirement age - then get some help and get conservative).
And to expand on the recession, I really want to make it clear that it does not matter who is in the White House when this recession hits. We’ve been dancing on a house of cards for years, the collapse is coming. Tariffs and other policy decisions can alter the timeline a little, but there is no policy prescription to dely the oncoming recession.
One thing that Trump did well while a candidate was he spoke truth about the unemployment rate and where we really were at in the economy. His mistake was not using the same metric when he became president. He should have started out using the real unemployment rate like he did when he was running. He should have tried to embrace the recession and sell it as a necessary ‘restart’ due to failings of previous administrations.
Instead he used the same BS metrics that were being used and kept trying to spin the plates and keep the balls in the air. This will bite him. There’s no way we can keep up the bull run for too much longer. If he wins re-election, it’ll 100% happen under his watch and he’ll get blamed. If he loses, it may still happen under his term or it’ll happen under the new persons watch and he’ll still get blamed. He should have tried to rip the bandaid immediately and started from true.
Last point, most people in their 30’s have never been in a job market with an economy that was actually good. Let that sink in.
They're extremely resentful about it too. It's why they're not listening when baby boomers tell them the capitalism vs socialism shtick. Just because you're right doesnt mean they're not pissed and right about being pissed.
It also doesnt mean they'll figure it out.. people do stupid things when they're rightfully angry and trying to find alternatives because they're rebelling against their parents.
Let's hope we're all on the good end of things when we need our money, retirement or otherwise. After all, we still need to spend it on all things Huskers, right?
She looks mad. Huma the vegan, looks hungry.
Huma is smokin hawt...and personally responsible for the witches dream that hit the deck with a very loud SPLAT...in short, I love her.
It was actually Huma’s hubby who couldn’t stop showing his weiner to underage girls that ultimately did Hillary in. Surprised he hasn’t “committed suicide” yet.
The Trump love on these threads never ceases to amaze me. It's hard to even begin to make sense of it.
First and foremost, the Dow is not the economy. The economy is actually going along fairly well, and has been for quite some time now under both Obama, and then Trump. This is a non-partisan fact. The reason I can say this is, the executive branch has very little effect on the overall health of the economy, as proven by statistical analyses, but what effect it does have can be quite visible, so a lot of people "think" the president creates or destroys an economy. It is more a set of policies that have a direct effect over the long term. Anyway, below are the issues going on right now.
The Dow collapsing like it has been over the last two weeks has a lot to do with the following factors:
1.) Rising interest rates
2.) Uncertainty due to the trade wars, immigration policies, domestic policies, resignations, criminal investigations, and general wtf-ery of the current executive branch.
3.) Student loan debt
4.) Market corrections (we've been going up for so long, usually around this time the market "corrects" and things drop a bit).
5.) Supply chain disruptions for tech stocks (related to the China trade wars)
Under more stable circumstances, this kind of correction to a Bear market for a little while would feel more natural. Under these circumstances, however, it adds to the feeling of uncertainty, which compounds the problem from a psychological perspective.
First and foremost, the Dow is not the economy. The economy is actually going along fairly well, and has been for quite some time now under both Obama, and then Trump. This is a non-partisan fact. The reason I can say this is, the executive branch has very little effect on the overall health of the economy, as proven by statistical analyses, but what effect it does have can be quite visible, so a lot of people "think" the president creates or destroys an economy. It is more a set of policies that have a direct effect over the long term. Anyway, below are the issues going on right now.
The Dow collapsing like it has been over the last two weeks has a lot to do with the following factors:
1.) Rising interest rates
2.) Uncertainty due to the trade wars, immigration policies, domestic policies, resignations, criminal investigations, and general wtf-ery of the current executive branch.
3.) Student loan debt
4.) Market corrections (we've been going up for so long, usually around this time the market "corrects" and things drop a bit).
5.) Supply chain disruptions for tech stocks (related to the China trade wars)
Under more stable circumstances, this kind of correction to a Bear market for a little while would feel more natural. Under these circumstances, however, it adds to the feeling of uncertainty, which compounds the problem from a psychological perspective.
I’m certainly no vegan, but Huma should have sworn off wieners long before she finally did.She looks mad. Huma the vegan, looks hungry.
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