It's a tough market right now to find value. Inflation is a severe threat to the market. I was able to get some gains this year when Russia invaded Ukraine by throwing money into natural gas and utility stocks. Biden's policies have proven to be an unmitigated disaster and have thrown the globe into conflict. I don't advocate for spitting at anyone, but the disaster of a presidency that this has become should serve as a reminder that utopian socialist / environmentalist policies are far more dangerous than they believe.
right, because jobs for everyone, record corporate profits and fast-rising personal incomes are an unmitigated disaster for everyone. Just awful. Much better to have a Bush2 or Trump style 8% unemployment and deep recession.
The funny thing is you do not realize what we are on the cusp of. Yes, spending a lot of money you don't have can accomplish those things, but only for a short period of time. The problem we face now is we have a massive amount of debt, out of control inflation (which will destroy profits, create unemployment, collapse the housing market and increase the amount of interest we have to pay on the debt we already have while cutting the ability of the government to provide many of the services it provides). All Biden did in the past two years is add air to the bubble. Add on the energy policies further inflating the cost of fuels and thereby everything else, and the end result will be Jimmy Carter part 2 with high unemployment and high inflation.
right, because jobs for everyone, record corporate profits and fast-rising personal incomes are an unmitigated disaster for everyone. Just awful. Much better to have a Bush2 or Trump style 8% unemployment and deep recession.
The funny thing is you do not realize what we are on the cusp of. Yes, spending a lot of money you don't have can accomplish those things, but only for a short period of time. The problem we face now is we have a massive amount of debt, out of control inflation (which will destroy profits, create unemployment, collapse the housing market and increase the amount of interest we have to pay on the debt we already have while cutting the ability of the government to provide many of the services it provides). All Biden did in the past two years is add air to the bubble. Add on the energy policies further inflating the cost of fuels and thereby everything else, and the end result will be Jimmy Carter part 2 with high unemployment and high inflation.
just a reminder that all the recessions in around 40 years have occurred on the watch of a Republican president. None under a Dem president. So put away all this mythology about Dems being 'Socialists.' who destroy the US economy.
And sure, the world may crash. People have been predicting the end of the world for tens of thousands of years. it rarely happens. But yeah it might happen this time.
You might be pleased to learn that this inflation, combined with the biden 6% real GDP growth in 2021, has reduced the debt/gdp numbers a whole lot. I mean nominal GDP grew over 10% last year! It will likely grow 9% this year (3% real + 6% inflation)
Debt/GDP went from 135% under trump to 123% under Biden, and it is falling fast. Tax revenue is absolutely soaring., which will help a lot.
FED will announce another rate hike tomorrow/today, right? How much does the market fall? One percent? Two percent? More? Should be priced in, but you know it never is totally. Powell will come out and announce a 50 basis points rate hike and the market will immediately drop. That's my guess anyway. Could be totally wrong.
right, because jobs for everyone, record corporate profits and fast-rising personal incomes are an unmitigated disaster for everyone. Just awful. Much better to have a Bush2 or Trump style 8% unemployment and deep recession.
The funny thing is you do not realize what we are on the cusp of. Yes, spending a lot of money you don't have can accomplish those things, but only for a short period of time. The problem we face now is we have a massive amount of debt, out of control inflation (which will destroy profits, create unemployment, collapse the housing market and increase the amount of interest we have to pay on the debt we already have while cutting the ability of the government to provide many of the services it provides). All Biden did in the past two years is add air to the bubble. Add on the energy policies further inflating the cost of fuels and thereby everything else, and the end result will be Jimmy Carter part 2 with high unemployment and high inflation.
I am only 34 but have been investing since 24. I can say without a doubt I have never been more concerned than now for what *might* happen. High inflation by itself is terrible for the economy and individual wealth, but we also have tons of debt and are becoming less and less dominant on the world stage every day. It's impossible to know for sure what will happen, but lots of rumblings of major declines and even a collapse of the dollar and major debt crisis is not reassuring.
Also, does anyone think Biden is a good president? I don't think even Democrats like him. If there was ever a year for a Republican to dethrown a Democratic president, 2024 seems like it would be the year.
The funny thing is you do not realize what we are on the cusp of. Yes, spending a lot of money you don't have can accomplish those things, but only for a short period of time. The problem we face now is we have a massive amount of debt, out of control inflation (which will destroy profits, create unemployment, collapse the housing market and increase the amount of interest we have to pay on the debt we already have while cutting the ability of the government to provide many of the services it provides). All Biden did in the past two years is add air to the bubble. Add on the energy policies further inflating the cost of fuels and thereby everything else, and the end result will be Jimmy Carter part 2 with high unemployment and high inflation.
I am only 34 but have been investing since 24. I can say without a doubt I have never been more concerned than now for what *might* happen. High inflation by itself is terrible for the economy and individual wealth, but we also have tons of debt and are becoming less and less dominant on the world stage every day. It's impossible to know for sure what will happen, but lots of rumblings of major declines and even a collapse of the dollar and major debt crisis is not reassuring.
Also, does anyone think Biden is a good president? I don't think even Democrats like him. If there was ever a year for a Republican to dethrown a Democratic president, 2024 seems like it would be the year.
Biden was elected as a placeholder by tech billionaires and liberal extremists. He makes no decisions, and is told what to do by the Obama clones. Naturally their policies are so off the rails nothing but disaster can be worse. That said, Trump dodged a bullet, since it would likely not be much better under him. Except there would be no invasion of Ukraine, and sans Green New Deal weirdism, much lower energy.
feels to me that someone is blowing up and suffering a forced liquidation. Which is a golden buying opportunity, if true. Taking advantage of one entity's suffering is fair game in investing.
On the other hand, the way interest rates have done a never-before-seen rise...suggests that there will be several blowups that will force down the markets, not just one.
So probably wise to save some powder for the next one. And the one after that.
But on the third hand, when someone blows up, word will get out and vultures will move in and start buying the pieces, knowing the crash is temporary. Money will move into the markets.
This isn't a bad hypothesis. There will likely be little sell-offs after each rate increase. Hard to say if we will be net higher or lower through it all, but I would imagine there will be a lot of volatility through the next 6 months at least. Wouldn't surprise me if things trade sideways over that time period or go up... Also wouldn't surprise me to see the S&P500 below 4000 again in the coming weeks. Would be surprised if it was there six months from now though.
Right. It's not like there's 1 thing wrong in the economy. There are at least 5 things that everyone, not only fringe economists, agree are huge problems. And who knows what other problems will come up too.
The funny thing is you do not realize what we are on the cusp of. Yes, spending a lot of money you don't have can accomplish those things, but only for a short period of time. The problem we face now is we have a massive amount of debt, out of control inflation (which will destroy profits, create unemployment, collapse the housing market and increase the amount of interest we have to pay on the debt we already have while cutting the ability of the government to provide many of the services it provides). All Biden did in the past two years is add air to the bubble. Add on the energy policies further inflating the cost of fuels and thereby everything else, and the end result will be Jimmy Carter part 2 with high unemployment and high inflation.
I am only 34 but have been investing since 24. I can say without a doubt I have never been more concerned than now for what *might* happen. High inflation by itself is terrible for the economy and individual wealth, but we also have tons of debt and are becoming less and less dominant on the world stage every day. It's impossible to know for sure what will happen, but lots of rumblings of major declines and even a collapse of the dollar and major debt crisis is not reassuring.
Also, does anyone think Biden is a good president? I don't think even Democrats like him. If there was ever a year for a Republican to dethrown a Democratic president, 2024 seems like it would be the year.
Put this post o lf yours into your calendar for 5/5/2032.
see if your worries were valid. See if you were correct to think maybe the jig is up. I’m mid-50s and have been through decades of these crises. And let me tell you: each one feels like the world is irretrievably changing. But it never does. mark it. Copy part into your calendar for 10 years from now.
I am only 34 but have been investing since 24. I can say without a doubt I have never been more concerned than now for what *might* happen. High inflation by itself is terrible for the economy and individual wealth, but we also have tons of debt and are becoming less and less dominant on the world stage every day. It's impossible to know for sure what will happen, but lots of rumblings of major declines and even a collapse of the dollar and major debt crisis is not reassuring.
Also, does anyone think Biden is a good president? I don't think even Democrats like him. If there was ever a year for a Republican to dethrown a Democratic president, 2024 seems like it would be the year.
Put this post o lf yours into your calendar for 5/5/2032.
see if your worries were valid. See if you were correct to think maybe the jig is up. I’m mid-50s and have been through decades of these crises. And let me tell you: each one feels like the world is irretrievably changing. But it never does. mark it. Copy part into your calendar for 10 years from now.
The post by Computer Geek is great. There’s more and more concern going on. It’s definitely going to be choppy for awhile, and the market will go lower. But it’ll be temporary.
I’ve upped my retirement fund to put close to $60K this year as my employer allows mega backdoor Roth.
I am only 34 but have been investing since 24. I can say without a doubt I have never been more concerned than now for what *might* happen. High inflation by itself is terrible for the economy and individual wealth, but we also have tons of debt and are becoming less and less dominant on the world stage every day. It's impossible to know for sure what will happen, but lots of rumblings of major declines and even a collapse of the dollar and major debt crisis is not reassuring.
Also, does anyone think Biden is a good president? I don't think even Democrats like him. If there was ever a year for a Republican to dethrown a Democratic president, 2024 seems like it would be the year.
Put this post o lf yours into your calendar for 5/5/2032.
see if your worries were valid. See if you were correct to think maybe the jig is up. I’m mid-50s and have been through decades of these crises. And let me tell you: each one feels like the world is irretrievably changing. But it never does. mark it. Copy part into your calendar for 10 years from now.
I agree things will be almost certainly be "fine" 10 years from now. But I also think there is a small but higher than normal probability things get very bad over the next 6-24 months and that things don't become "good" again for awhile. I'm not sayin that's most likely, just that there is a real chance of it, whereas I don't think I've felt that way before. Even during the Pandemic, I saw it from the start as a blip to be exploited. I took out loans to buy the dip and doubled my money in some cases. I don't feel anywhere near that confident about circumstances today.
Also, forgot to mention Russia and everything involved in that. High gas prices are also terrible for the economy because fuel is something everyone, individuals and businesses alike, rely on and spend significant money on. For a lot of us, we are obligated to buy a certain amount of fuel no matter what we do. It's not a choice. This is not good for the economy as a whole.
Put this post o lf yours into your calendar for 5/5/2032.
see if your worries were valid. See if you were correct to think maybe the jig is up. I’m mid-50s and have been through decades of these crises. And let me tell you: each one feels like the world is irretrievably changing. But it never does. mark it. Copy part into your calendar for 10 years from now.
I agree things will be almost certainly be "fine" 10 years from now. But I also think there is a small but higher than normal probability things get very bad over the next 6-24 months and that things don't become "good" again for awhile. I'm not sayin that's most likely, just that there is a real chance of it, whereas I don't think I've felt that way before. Even during the Pandemic, I saw it from the start as a blip to be exploited. I took out loans to buy the dip and doubled my money in some cases. I don't feel anywhere near that confident about circumstances today.
Also, forgot to mention Russia and everything involved in that. High gas prices are also terrible for the economy because fuel is something everyone, individuals and businesses alike, rely on and spend significant money on. For a lot of us, we are obligated to buy a certain amount of fuel no matter what we do. It's not a choice. This is not good for the economy as a whole.
I hear you.
much more likely than disaster is that these hedge funds that are blowing up will finish their forced liquidation , we’ll get some encouraging numbers on inflation, and suddenly everyone looks at those corporate earnings going through the roof while stocks are 15-25% cheaper than a few months ago. And the stock market recovers.
