can anyone give me the exact numbers of trump's stock market when he left?
For the same period of time (first 15 months in office)
Under Resident Puppet Biden Jan 20,2021 to May 9 2022
Dow Jones went from 30,930 to - 32,245 only a 4% gain
Nasdaq went from 13,197 to 11,700 an 11% LOSS
For President Trump Jan 20 2017 - May 9 2018
Dow Jones went from 19,732 to - 24,360 a 23% gain
Nasdaq went from 5,540 to 7,266 a 31% gain
That's a 19%/42% difference between Trump. Add in 40% plus inflation and you can see our economy has been blasted with a flame thrower by the DNC.
Yeah. They doubled the money supply and markets only went up like 20%. Adjusted for inflation we are already in a deep bear market/ entering a depression. Hence the calls for ww3 to save the 1% who think they can hide in their Montana/Wyoming bunkers.
And if that happens, it was artificially created. I do believe there are some corrections that would've inevitably happened even if Trump was still in but Mean Tweets had this economy running on all 8 cylinders and energy independent. That stuff just creates massive, sustainable growth.
A lot easier to remain patient and calm in a market downturn/correction when gas, groceries, finance rates and inflation aren’t costing a family of 4 an additional $1,000/mo. .
Agreed but it’s utterly hilarious the Dems put sooooo much in rigging the election and may have a generational party destroying president to show for it.
I really hope nobody here fell for it and sold their house recently and bought into a new, bigger mortgage.
There's no win in that scenario. You sell your house for a crazy amount of money, then where ya gonna go? You can rent and hold cash, which is hemorrhaging value, or invest, which is tanking, or buy a new place (getting less for MUCH more) and then watch that value crash while you have a massive new mortgage hanging over your head.
Taking on debt is good in a high inflation environment. Having a massive mortgage won't seem so massive when hyperinflation kicks in. At least you will have a nice house to live in.
Correct. Your $3,000 a month mortgage in 10 years will effectively be $1,500 a month to future you because of the nature of inflation.
Renting is how you stay under the thumb of the elite, globalist class. You throw away wealth that your children could have had, in a home they could raise their children in.
Stagflation is the risk. Your cost of living goes up, so even though your payment is a lower percentage of your total costs, your total costs themselves exceed your non rising income and destabilize your leverage tolerance and force you to sell.
bought in 2015 in Central Texas, stayed, lived, grew lovely future MAGA children and swam in our pool...
2021.. refinanced 240k to 490k, pocketed $180k, got new tits for wife (yesssssss, they're nice bigly), remodeled house to be the #1 house in the neighborhood. gourmet kitch, new flooring, outdoor living areas and outdoor kitchen. Got a retired ol military container for muh "office" with an AC hooked into it. Only raised my mortgage $400, completely debt free (except the house, which is worth more than what we refi'd)
It's actually the best choice. Long as the rate is low. The money is being printed like crazy. Inflation is only counteracted by assets that are physically scarce.
A literal pile of lumber bought in 2019 is an investment.
Just about the only hope is that they force that fucker in the oval office to open all drilling. It's one of the root causes of this bullshit. And stop giving people that can work free benefits. Force then to work.
We'd all take a recession, because what's coming is worse. I just got gas for $3.99 in Kansas. As far as I know, that's the highest I've ever seen. Two years ago, before the steal, I was filling up in the ballpark of $2.00 a gallon, and with gas points, I could easily get 10 gallons of gas for $15. I average 50-80 miles a day, with a car that gets 32mpg. $15 used to get me an entire week of fuel. Now it's barely enough for two days.
The worst part? We're not in a war. The shit going on in Ukraine is far from a war. Food has gone up ridiculously there last two years as well. And some very strange fires and planes crashing into food distribution and processing plants. What happens when gas gets to $5 or $6 and bacon is $12 a pound? Maybe then we can start shooting.
Yeah. A lot of people are saying that what we are seeing now market-wise is just from the 2020 shutdown. We still have yet to see corrections for 2021 and whatever else happens this year
Yup. I’ve read quite a few opinion pieces on this very subject recently. If they’re right, we are in for something that may very well rival, if not surpass the Great Depression in many ways. It’s gonna make 2008 “crash” look like an absolute joke for sure.
The same Paul Krugman who put out a sell order on stocks on election night 2020? The same Paul Krugman who got a spam email about kiddie porn who then blasted out on the twitter how he is not involved in kiddie porn? The same Paul Krugman who warned everyone in 2003 that Bush was going to create hyperinflation because of a deficit and then lamented that Obama’s porkulous bill needed more deficit spending?
Don't worry, US is on track to maintain a hot war there for decades to come.
These quiet announcements about new shipments to Ukraine have been coming almost daily now, 20 mil here, 30 mil there. Now that Biden signed the lend lease, it will probably stop even making the news.
Fighting a constant war overseas is sure to help local economy.
The UniParty wants to destroy America as fast as they can and our fucking weak Republicans are all compromised and just stand around and let all this shit happen. Rigged elections have consequences you fools.
Congress should just be called the UniParty, the DOJ the Gestapo, and the country the Banana Republic of North America. Republicans don't give a shit and will do nothing about the stolen election, the January 6th FBI coup, and the covid scam. They hate us as much as the Democrats do. Traitors, cowards, and criminals run this country.
Yup, a spike in inflation and a corresponding inflation based spike in asset prices is a sure sign of a recession. No one ever asked simple questions like "does the increase in this stock make sense using the models of supply and demand?" Some stocks, such as Amazon, Walmart, and Netflix made sense given people were stranded at home during the pandemic and governments were picking winners and losers based on size for shopping. Other companies, such as Intel rose sharply despite a chip shortage and sharply decreasing demand. The only reason it rose was because of a decline in the value of the asset Intel stock was priced relative to, in this case the US Dollar.
The recession started last year. They dumped trillions into the system to cover it up, but the problems have become so large that they cannot be hidden any more.
That's going to change soon too is my guess. My real worry is that they somehow manipulate supply to keep the price high and keep most of priced out of the market. I'm prices out in my state and I've worked for a fortune 500 for the last 15 years. It's insane. The other thing they could do is make taxes and green regulations expensive enough that even current homeowners lose their homes. Part of me thinks that us renters may have had it right in that if we have cash in reserve we might be getting in on some cheap housing in the future.
Not gonna change. Commodities might tank, economy will go in the shitter, but real estate is here to stay.
Way too convoluted for a quick comment like this, but looking at the financials from my side, investments are too widespread for real estate to crash. We are headed for the same situation as Canada.
I like my house, but I also want to move eventually. All of my neighbors are in their 60s and up. How is anyone young going to afford a piece of shit 700k home now?
The credit/lending market tightened up exponentially after the sub prime fuckery at the turn of the century.
A crash will come from the middle class being completely gutted from mass unemployment/collapse of the economy. But at that point, most would be worrying where the next meal is coming.
The fundamentals of current home prices are terrible IMHO. Housing shouldn't technically cost so much ... especially with the new possibilities opened up by remote work, home-schooling, solar power and satellite internet. PLus the highest-price housing is in Democrat areas that have decades of decay baked in.
How much does it cost to build a decent three-bedroom house in a rural area? Anything above that, the long-term economic / technological forces are against you.
That's always been my thinking. Even if it seems like a good idea at any given time how can anybody go pay $1000 for a one dollar bill? Of course it could cost $2000 tomorrow but it's still a stinking dollar bill. Every house of cards must fall at some point is my thinking.
Problem is, how much is a 3 bedroom RURAL house in my state? $550k and above if you actually want to live there without gutting it first. I'm seeing new houses in the foothills about an hour drive out of the city going for $1.2M. There is nothing sane about it.
There is a reason that blackrock and the chinese bought trillians of dollars worth of real-estate.. they needed to hide their corrupt CCP money and ALSO to prop up the value of the u.s. housing market.
It might not. We are in stagflation and with the stock market continuing to fall many people are going to go into real estate. Real estate historically keeps rising with inflation, even if rates are high. I can buy a rental property with a high rate and still cash flow by passing the cost of the higher interest rates onto the tenants.
The only correct take in this thread. Real estate is not going to go anywhere. In fact, it’s going to the moon.
Because of overregulation, no one is building anymore. We have a massive housing shortage. We also have insanely low inventory because no one is going to sell their 3% rate locked in mortgage from 2 years ago for a 6% in a smaller home.
Correct. There is a supply-side crunch coming. You need to buy in now, or every property is going to be gone and owned outright by Blackrock and State Street.
The goal is not to crash the housing market; it’s to make it impossible for you to own because the prices are going to be unobtainable.
They want you and your progeny to rent from them for eternity.
“And they took counsel, and bought with them the potter’s field, to bury strangers in. Wherefore that field was called, The field of blood, unto this day. Then was fulfilled that which was spoken by Jeremy the prophet, saying, And they took the thirty pieces of silver, the price of him that was valued, whom they of the children of Israel did value; And gave them for the potter’s field, as the Lord appointed me.”
Until they increase your property value by five times and drive you out because you can’t pay your taxes which is basically what I’m looking at where I live but I live in a shitty blue state with extremely high property taxes but I wouldn’t be surprised to see something like that come to every state at some point maybe not Florida
California has Prop 17 which means your property tax is locked by the price you paid for it. My dad bought his house in 1978 for like less than $80K and it is now worth $2MM. He pays something like $1000 a year in property taxes. I bought my house for $553K back in 2013 and put $8200/year in property taxes. The only thing that makes it go up is bonds and school measures and shit like that but that’s pretty marginal. The Dems tried to kill prop 17 a few years back and make it go off current value and the bill was voted down by like 75%.
Prop 17 might legit be the only good thing California has ever done. That and Avocado Toast.
Where I live my taxes are actually a little higher than my mortgage even after my home is paid off I’ll be paying roughly $12,000 a year in taxes and that’s just right now based on what my home was worth not what it is worth or will be in a couple years.
This is exactly where I am. I bought in July 2020, at 2.65%. There's no fucking way I'm selling now not with the market like it is. I'd get all the money back out and more, but it wouldn't buy half the home now. My only regret is not buying in the real country.
I think the housing shortage is artificial. They're building everywhere, and have been for some time. The one metric that can't accurately be counted is the occupancy rate of homes, particularly those sold in the past 24 months. Whether its tech workers buying second homes, black rock et al, there's definitely a large amount of "empty" homes artificially shrinking supply.
It comes down to supply and demand. There is a lack of supply of homes, plenty of demand. In 2008 the first thing people stopped paying for was their home when fuel prices made them panic about their budgets. That flooded the supply side and reduced the demand for homes simultaneously. Prices dropped after.
This looks a lot like the fuel prices we saw back then. Except it is also food prices.
I live in NJ and the prices are hyper inflated. Small states with not much available land to build new houses are hit the worst because the supply of homes is even more limited.
Yeah until the mortgage rates with pmi and taxes greatly surpass median income for that area then you are going to have people fleeing to other affordable housing somewhere else. This is going to impact property owners and employers until the rates decrease and can bring in new pop. That can afford it.
Their is a soft ceiling on what you can realistically charge before your occupancy dips and it generally doesn't just dip when you hit that ceiling it tanks pretty quickly in waves every quarter or so.
The faucet won't turn back on until wages inflate as well.
I don't know, Things could be different since remote work is an increasingly popular thing with high income earners. But especially if you deal in residential with a price point targeted to middle lower earners its going to be choppy waters.
Tldr real estate has a soft ceiling related to the earning potential of median wages for the area. If prices surpass what that is able to support, people will find alternatives lowering residential occupancy. If you are stuck holding the bag with a financed property, get ready.
Rental property on residential homes should be illegal. Why? Corporate firms easily outbid single families budgets - see: blackrock! They have the capital to buy up entire neighborhoods at well over asking, then pimp out the properties to renters...
I own two rental properties. You are saying private citizens shouldn't be allowed to own rental properties or corporations? So who do you want to rent the homes out to people? Do you want the government to buy them and rent them out?
Private ownership is far different than corpo-globohomos... But still an odd cog of the same wheel. Should be able to own as many properties as you want, but should at least spend a portion of time living at said residence... Pimping property for profit is not a moral obligation ie: selling out and exploiting the American dream
I agree with you that corporations shouldn't be able to buy them. I see nothing wrong with normal people buying a few rental properties. That's capitalism.
But even that effects those prospecting to start off their families. Child rearing is expensive AF as is, lest being a gov teat-leach. Small modest families cannot compete in bidding wars where houses consistently close at several percent above asking price
I'm looking at the history and it just keeps going up. I don't know much longer I'm going to be able to live where I'm at now and I really want to buy a new house. I just don't want to jump into something and have it crash on me 5 years in.
Not if supply stays low. And what people are forgetting is is these home prices increase so do their taxes and if home prices keep going up people won’t even be able to afford the taxes let alone mortgage
Most people are living paycheck to paycheck. If all else is equal rates go up, prices must come down. In this propped up economy, it is anyone's guess, though. Let's bookmark this post and see what happens in a year. 👌
Might be a blessing in disguise. Owners could be selling it because they are getting fucked in the ass with the property tax based on the new Biden economy value.
Imagine printing money non stop for almost 1.5 years to cause deliberate inflation and then seeing the stock market FALL, even when the dollar is rapidly losing value?
Fucking imbeciles at the wheel being directed by Satan.
Not if it's being done on purpose. The imbeciles aren't at the wheel. They're crammed in the way back seat of the station wagon in the seat that faces backward, so they're oblivious to seeing what's coming. Instead, their faces are glued to their electronic devices absorbing propaganda and brain cell-destroying "entertainment" programming.
Roth IRAs are a cheat code. You can become a millionaire over 30 years with just investing $6k per year and buying an index fund like VOO. Even the financially illiterate can handle buying an index fund.
Any pointers on where we can find honest info/research on VOO index?
Gonna do a deep dive on Google but always a little skeptical on the bias or misinfo that mainstream sources online might provide. Perhaps the financial sector isn't as compromised on an info level as general news coverage, but a bit out of my element here.
We'd appreciate any quick advice or suggestions that anyone here may have to get us started in the right direction!
It’s an exchange traded fund that is comprised of a basket of different blue chip stocks in varying proportions. These include Apple, nvidia, Tesla, Microsoft, and others, you can see the whole breakdown with a search “VOO holdings”
I like seekingalpha.com You have to pay monthly after viewing a certain number of articles per month, but it's well worth the money. Tons of amazing contributors on there. Fuck reddit, but stocks reddit and investing reddit are both good resources.
Except the gay rule where you aren’t allowed to contribute to a Roth IRA once you hit like $125k income per year, though there is a backdoor that exists to circumvent that…for now
Yeah that rule is fucking retarded. We're being raped with taxes and inflation and they are worried about rich people putting away $6k per year tax free? Fucking absurd.
I am extremely grateful for what I have, but the government takes a mile when they should take an inch. I discovered the Roth rule when I hit $140k salary this year. Between federal and state taxes I actually only take home about $100k, and in the blue shithole where I dwell, the rent is an ounce of gold per month. Add in the Bidenflation for groceries, gas, and utilities, and I think if I have it hard, how hard is it for people who have less?
I make a similar amount of money living in NJ and it doesn't feel like that much after taxes, state income taxes, property taxes etc. It's disgusting, which is why I'm probably gonna move to FL. I can't deal with being raped by my state anymore.
You pay with after tax dollars and don’t have to pay on the gains. There are yearly limits on contributions. Should be the first thing you do, maybe after taking advantage of an employer match.
And Russia storage is filling up fast too.... they will be in trouble as half their income is gas and oil sales.... and now they have lost many customers. Prepare to see railroad oil tankers just sitting in fields again....
Accounting for inflation, it’s even worse. If your stock was worth $100 then and it’s worth $100 now, you’ve lost.. because $100 won’t buy 80% of what $100 used to buy you.
That's Nasdaq. The Russle is well below where Trump left it. The S and P is still about 2.4K away. But it's on pace to get there by the end of the month.
This is the start of the Great Depression and it will be the entire Western World. Stolen elections have dire consequences and now comes Biden's Dark Winter. The UniParty wants us down on our knees begging for food and energy. Rigged elections have dire consequences
$5.50 pretty steadily where I live in California for the last couple months. $6+ for my wife’s bimmer cuz it uses 91. My F150 is still 87 but the 35 gallon tank is a bitch to fill up.
Trump had just started to overcome the plandemic hit when he left... imagine how much better off we'd be right now if the election wasn't rigged by mail-in votes and the media
Speculative investments that act like casinos for people with extra cash are the first to have a selloff when fear takes over from greed in the investment world. People are sensing a recession is coming, and they're scrambling to stake their gains before they're not worth anything.
BTC has almost no inherent value, along with most of those shitcoins that are pump and dump schemes. We are watching the "dump" phase lol.
The “inherent value” in bitcoin is it exists as a decentralized, borderless and permissionless payment system secured by the most powerful coordinated network of computational power on earth
And all those polysyllabic buzzwords mean absolutely fucking nothing because of KYC locking down every single possible means of getting any wealth out of the system.
Bitcoin dips because of whales who are buying low and selling at a fixed number usually around 60k or wherever they’ve coordinated to sell at. Buy at around 35kish and sell at 40k or higher if the market looks hot.
Because lolcoins are a joke and nothing more than a digital lottery. They have zero value, they will never be currency, the entire thing was a fucking joke and a complete sham.
Literally the ONLY people who talk about 'putting money into crypto' are those who are trying to get people to raise the value of some coin they have so they can cash in and leave everyone holding the bag. Go look up literally every single 'crypto investor'. They talk about how "I made $50,000 on $Empire!".
What they do is buy these coins when they're worth nothing, then tell their followers that soon it'll go TO THE MOOOOON, their followers buy it, they immediately sell their huge stock of coin, all their followers are left with a huge crash and hope it will someday recover (it never has, it never does, it never will), then they talk about how smart and good they are at crypto because they made all this money, and their follower count rises.
Crypto should be fucking illegal and everyone should have their shitcoin assets seized. It is and always was a massive pyramid scheme.
Yeh, pulling tomorrow.... ALL of my stocks... every penny. Buying a quad apartment building. Itll be full non stop and the revenue stream is going to be better than stocks for the foreseeable future with captain dumbfuck! running the country into the goddamn ditch.
Ya tell me about it. I'm getting my ass kicked lately.
The combination of Biden and J Pow is too much to handle. One is busily creating the opposite of the economic policy we should be pursuing while the other is doing the same with monetary policy.
It's almost like Marxism doesn't work or something.
I cashed out all my stocks at near peak to have cash flow for the business I started, which is booming. Pretty much complete coincidence, had I not started my business this early it would still be sitting in there.
"I don't get it, which one is FJB? Has the stock on that dropped a ton? I don't know if I'm invested in that one. Hey Nancy Pelosi, have you heard anything about this FJB stock?"
Midwits get jobs in the government after getting degrees in useless fields like "political science" or "international relations"....these are degrees designed to specifically for low intelligent people in order for the university to get their money.
They then get jobs from other midwits in the state department - they then fuck everything up - because they were never smart enough to see that they were being lied to in college.
"You'll have a recession like we've never seen" - TIME TRAVELLER TRUMP
Something tells me we aren't looking at just a recession.
bigger drops than the dot com crash and more structural than the 2008 real estate crash.
unprecedented . back to great depression era incoming.
This is the time to circle wagons and kick the savage democrats OUT of the circle...
They want a Depression, fine, but WE get to choose WHO SURVIVES IT!
Easier to feed a populace that shrinks by a few million.
We're reducing their carbon.
Reducing them to carbon would be better.
Technically speaking they're already carbon...
So is shit.
can anyone give me the exact numbers of trump's stock market when he left?
https://www.yahoo.com/video/stock-market-news-jan-20-151103984.html
Oh looky! NPR and their "Look! Record Highs on stock market after Joey Beanz takes office"
https://www.npr.org/sections/inauguration-day-live-updates/2021/01/20/958962355/stocks-close-on-record-highs-after-biden-inauguration
fuckin faggots
For the same period of time (first 15 months in office)
Under Resident Puppet Biden Jan 20,2021 to May 9 2022
Dow Jones went from 30,930 to - 32,245 only a 4% gain
Nasdaq went from 13,197 to 11,700 an 11% LOSS
For President Trump Jan 20 2017 - May 9 2018
Dow Jones went from 19,732 to - 24,360 a 23% gain
Nasdaq went from 5,540 to 7,266 a 31% gain
That's a 19%/42% difference between Trump. Add in 40% plus inflation and you can see our economy has been blasted with a flame thrower by the DNC.
We crossed the TRUMP LINE a while back, after adjusting for "inflation".
Yeah. They doubled the money supply and markets only went up like 20%. Adjusted for inflation we are already in a deep bear market/ entering a depression. Hence the calls for ww3 to save the 1% who think they can hide in their Montana/Wyoming bunkers.
WWII went well for the 1% so they assume same will be true for WWIII
2nd ass reaming incoming. I got rekt in 2008.
Lead is the best metal to go heavy in
Bruh, I can only carry so much.
My whole basic load out in the military weighed ~ 120 lbs.
I have the MRI's to prove it!
It's time to stop running, find a decent area to bunker, and fortify.
There's a lot to be said for those who can successfully roam, but that time is not now. Now we find a place worth defending, and remember the Alamo.
Aye, goddamn base plate for mortars... fuck em
I always was glad I wasn't an 11C.
Poor bastards got rekt.
Climb to Glory!
I didn't get hit too bad in 2008, but I'm 14 years closer to retirement this time around. Fuck Joe Biden
Hey, can I still be a door greeter at 80?
Asking for, MYSELF!
If you can speak Spanish and Mandarin, can lift 200 pounds, are trans, and can run the 40 in under five seconds your application will be considered.
Can operate the electric scooter...
FTFY
And if that happens, it was artificially created. I do believe there are some corrections that would've inevitably happened even if Trump was still in but Mean Tweets had this economy running on all 8 cylinders and energy independent. That stuff just creates massive, sustainable growth.
A lot easier to remain patient and calm in a market downturn/correction when gas, groceries, finance rates and inflation aren’t costing a family of 4 an additional $1,000/mo. .
Agreed but it’s utterly hilarious the Dems put sooooo much in rigging the election and may have a generational party destroying president to show for it.
I really hope nobody here fell for it and sold their house recently and bought into a new, bigger mortgage.
There's no win in that scenario. You sell your house for a crazy amount of money, then where ya gonna go? You can rent and hold cash, which is hemorrhaging value, or invest, which is tanking, or buy a new place (getting less for MUCH more) and then watch that value crash while you have a massive new mortgage hanging over your head.
Taking on debt is good in a high inflation environment. Having a massive mortgage won't seem so massive when hyperinflation kicks in. At least you will have a nice house to live in.
Correct. Your $3,000 a month mortgage in 10 years will effectively be $1,500 a month to future you because of the nature of inflation.
Renting is how you stay under the thumb of the elite, globalist class. You throw away wealth that your children could have had, in a home they could raise their children in.
Or the house drops 50% in value and you are underwater forever.
Too late for most born after 2001 IMHO. 😞
Virtually impossible. Even in the 2008 crash, the worst since the Great Depression, housing prices dropped 30%.
Stagflation is the risk. Your cost of living goes up, so even though your payment is a lower percentage of your total costs, your total costs themselves exceed your non rising income and destabilize your leverage tolerance and force you to sell.
That's the problem with treating a home like an investment.
The problem is investors and not legitimate home buyers treating single family homes as an investment.
bought in 2015 in Central Texas, stayed, lived, grew lovely future MAGA children and swam in our pool...
2021.. refinanced 240k to 490k, pocketed $180k, got new tits for wife (yesssssss, they're nice bigly), remodeled house to be the #1 house in the neighborhood. gourmet kitch, new flooring, outdoor living areas and outdoor kitchen. Got a retired ol military container for muh "office" with an AC hooked into it. Only raised my mortgage $400, completely debt free (except the house, which is worth more than what we refi'd)
Got a pic of the new tits?
Hadn't taken a photo yet... since they're cleared for use I've been two-handing, no time to photo.
I’ve got them on video.
It's actually the best choice. Long as the rate is low. The money is being printed like crazy. Inflation is only counteracted by assets that are physically scarce.
A literal pile of lumber bought in 2019 is an investment.
BIG D
DEPRESSION!
Garland Celente says we are in Dragflation. https://rumble.com/v12u7gt-its-official-dragflation-hit-america..html
Just about the only hope is that they force that fucker in the oval office to open all drilling. It's one of the root causes of this bullshit. And stop giving people that can work free benefits. Force then to work.
We are already in a recession. A new depression is coming, and within the next 2 years. Possibly within the next 6 months.
We'd all take a recession, because what's coming is worse. I just got gas for $3.99 in Kansas. As far as I know, that's the highest I've ever seen. Two years ago, before the steal, I was filling up in the ballpark of $2.00 a gallon, and with gas points, I could easily get 10 gallons of gas for $15. I average 50-80 miles a day, with a car that gets 32mpg. $15 used to get me an entire week of fuel. Now it's barely enough for two days.
The worst part? We're not in a war. The shit going on in Ukraine is far from a war. Food has gone up ridiculously there last two years as well. And some very strange fires and planes crashing into food distribution and processing plants. What happens when gas gets to $5 or $6 and bacon is $12 a pound? Maybe then we can start shooting.
Yeah. A lot of people are saying that what we are seeing now market-wise is just from the 2020 shutdown. We still have yet to see corrections for 2021 and whatever else happens this year
Yup. I’ve read quite a few opinion pieces on this very subject recently. If they’re right, we are in for something that may very well rival, if not surpass the Great Depression in many ways. It’s gonna make 2008 “crash” look like an absolute joke for sure.
Next year is going to be painful. Especially for those on fixed income. Friends, help your neighbors (not the lefty’s though! I’m a bad man.)
lOL i wieh i paid $3.99 per gallon... try $9.99 per gallon
A crisis is too good to waste.
only 4/gal? some midwest states are hitting 5.50. lmao
l g b
Damn you, Putin!
Ha!
bang!
"Why would Putin do this?"
/meme
Biden just needs to ask Paul Krugman how to turn things around and BAM Roaring Twenties 2: Electric Boogaloo
The same Paul Krugman who put out a sell order on stocks on election night 2020? The same Paul Krugman who got a spam email about kiddie porn who then blasted out on the twitter how he is not involved in kiddie porn? The same Paul Krugman who warned everyone in 2003 that Bush was going to create hyperinflation because of a deficit and then lamented that Obama’s porkulous bill needed more deficit spending?
How many people were awarded sham Nobel prizes and quasi Nobel economic prizes solely based on their criticism of and opposition to George W ?
Kofi Anan
Jimmy Carter (the closest on this list to have actually deserved one)
AlGore
Baracko
Harold Pinter
Paul Krugman
and I'm sure there are more
Muh Putin price hikes!!!!!!!
And Trump! You left out Trump!
NOw that you mention it, GWB probably had a hand in this as well.
Don't worry, US is on track to maintain a hot war there for decades to come.
These quiet announcements about new shipments to Ukraine have been coming almost daily now, 20 mil here, 30 mil there. Now that Biden signed the lend lease, it will probably stop even making the news.
Fighting a constant war overseas is sure to help local economy.
The UniParty wants to destroy America as fast as they can and our fucking weak Republicans are all compromised and just stand around and let all this shit happen. Rigged elections have consequences you fools.
Congress should just be called the UniParty, the DOJ the Gestapo, and the country the Banana Republic of North America. Republicans don't give a shit and will do nothing about the stolen election, the January 6th FBI coup, and the covid scam. They hate us as much as the Democrats do. Traitors, cowards, and criminals run this country.
Yup, a spike in inflation and a corresponding inflation based spike in asset prices is a sure sign of a recession. No one ever asked simple questions like "does the increase in this stock make sense using the models of supply and demand?" Some stocks, such as Amazon, Walmart, and Netflix made sense given people were stranded at home during the pandemic and governments were picking winners and losers based on size for shopping. Other companies, such as Intel rose sharply despite a chip shortage and sharply decreasing demand. The only reason it rose was because of a decline in the value of the asset Intel stock was priced relative to, in this case the US Dollar.
I'm surprised it took 18 months..
yea well he had to wind down trump's recovery ... too powerful to stop overnight.
some would call it Yuggee
Tremendous some might say.
Yes the Trump train had a lot of momentum.
Just a pity the railroad sabotaged the track.
The fraudulent "election" derailed everything really fast.
On top of that, they’ve been artificially masking how bad it actually is. The storm is coming.
Hey pal, you’ll own nothing and be happy.
The recession started last year. They dumped trillions into the system to cover it up, but the problems have become so large that they cannot be hidden any more.
Welcome to the land of "Diminishing Marginal Returns" we were waiting for you.
Even when Trump was in office, the fundamentals were poor due to decades of Uniparty theft and fraud.
Just more proof of how great the economy was under Trump. I figured it would take a bit of time to wreck it.
Now here we are and it's going to get worse.
"it had to be this way?" What other way do you show people other then affecting their "retirement assets" lots of red in the stock market...
Unending printing can do wonders temporarily .
Until the time comes where it destroys everything.
Republicans will win in 2024 and be the ones holding the bag when it all comes crashing down.
And they'll mark it as Republicans who destroyed the US in their history books once we separate societies.
You had inflation artificially pumping the numbers up.
I'm just pissed that a house I'm looking at was worth 225k back in 2020 and now is being sold for 340k.
Fucking sucks.
That's going to change soon too is my guess. My real worry is that they somehow manipulate supply to keep the price high and keep most of priced out of the market. I'm prices out in my state and I've worked for a fortune 500 for the last 15 years. It's insane. The other thing they could do is make taxes and green regulations expensive enough that even current homeowners lose their homes. Part of me thinks that us renters may have had it right in that if we have cash in reserve we might be getting in on some cheap housing in the future.
Not gonna change. Commodities might tank, economy will go in the shitter, but real estate is here to stay.
Way too convoluted for a quick comment like this, but looking at the financials from my side, investments are too widespread for real estate to crash. We are headed for the same situation as Canada.
I like my house, but I also want to move eventually. All of my neighbors are in their 60s and up. How is anyone young going to afford a piece of shit 700k home now?
They aren't, there are too many fucking people on the planet
The credit/lending market tightened up exponentially after the sub prime fuckery at the turn of the century.
A crash will come from the middle class being completely gutted from mass unemployment/collapse of the economy. But at that point, most would be worrying where the next meal is coming.
Real estate is the biggest racket... Sleazeballs buy up affordable fixer uppers, slap lipstick on a shit-pig and retards pay double...
The fundamentals of current home prices are terrible IMHO. Housing shouldn't technically cost so much ... especially with the new possibilities opened up by remote work, home-schooling, solar power and satellite internet. PLus the highest-price housing is in Democrat areas that have decades of decay baked in.
How much does it cost to build a decent three-bedroom house in a rural area? Anything above that, the long-term economic / technological forces are against you.
That's always been my thinking. Even if it seems like a good idea at any given time how can anybody go pay $1000 for a one dollar bill? Of course it could cost $2000 tomorrow but it's still a stinking dollar bill. Every house of cards must fall at some point is my thinking.
Problem is, how much is a 3 bedroom RURAL house in my state? $550k and above if you actually want to live there without gutting it first. I'm seeing new houses in the foothills about an hour drive out of the city going for $1.2M. There is nothing sane about it.
My goodness, that bad?
Well then, it's going to be a supernova clusterfuck, however it pops.
There is a reason that blackrock and the chinese bought trillians of dollars worth of real-estate.. they needed to hide their corrupt CCP money and ALSO to prop up the value of the u.s. housing market.
Thats the beauty of bidenflation, pretty soon we'll all have to be sudden millionaires or homeless.
Except they are jacking rents up. My rent went up 50% in one year! Guess someone has to pay for all the people that didn’t the past 2 years.
Rate increases from 3.5% to 5.25% have knocked 22 percent off of my affordability limit already.
National average is 5.48%
Where is the ceiling?
19%, just like in ‘81.
It won't be for long. Mortgage rates are going to turn the housing market down in short order unless you are a cash buyer.
It might not. We are in stagflation and with the stock market continuing to fall many people are going to go into real estate. Real estate historically keeps rising with inflation, even if rates are high. I can buy a rental property with a high rate and still cash flow by passing the cost of the higher interest rates onto the tenants.
The only correct take in this thread. Real estate is not going to go anywhere. In fact, it’s going to the moon.
Because of overregulation, no one is building anymore. We have a massive housing shortage. We also have insanely low inventory because no one is going to sell their 3% rate locked in mortgage from 2 years ago for a 6% in a smaller home.
Correct. There is a supply-side crunch coming. You need to buy in now, or every property is going to be gone and owned outright by Blackrock and State Street.
The goal is not to crash the housing market; it’s to make it impossible for you to own because the prices are going to be unobtainable.
They want you and your progeny to rent from them for eternity.
Potter's Field
“And they took counsel, and bought with them the potter’s field, to bury strangers in. Wherefore that field was called, The field of blood, unto this day. Then was fulfilled that which was spoken by Jeremy the prophet, saying, And they took the thirty pieces of silver, the price of him that was valued, whom they of the children of Israel did value; And gave them for the potter’s field, as the Lord appointed me.”
Until they increase your property value by five times and drive you out because you can’t pay your taxes which is basically what I’m looking at where I live but I live in a shitty blue state with extremely high property taxes but I wouldn’t be surprised to see something like that come to every state at some point maybe not Florida
California has Prop 17 which means your property tax is locked by the price you paid for it. My dad bought his house in 1978 for like less than $80K and it is now worth $2MM. He pays something like $1000 a year in property taxes. I bought my house for $553K back in 2013 and put $8200/year in property taxes. The only thing that makes it go up is bonds and school measures and shit like that but that’s pretty marginal. The Dems tried to kill prop 17 a few years back and make it go off current value and the bill was voted down by like 75%.
Prop 17 might legit be the only good thing California has ever done. That and Avocado Toast.
Where I live my taxes are actually a little higher than my mortgage even after my home is paid off I’ll be paying roughly $12,000 a year in taxes and that’s just right now based on what my home was worth not what it is worth or will be in a couple years.
Just proves how evil property taxes are.
This is exactly where I am. I bought in July 2020, at 2.65%. There's no fucking way I'm selling now not with the market like it is. I'd get all the money back out and more, but it wouldn't buy half the home now. My only regret is not buying in the real country.
I think the housing shortage is artificial. They're building everywhere, and have been for some time. The one metric that can't accurately be counted is the occupancy rate of homes, particularly those sold in the past 24 months. Whether its tech workers buying second homes, black rock et al, there's definitely a large amount of "empty" homes artificially shrinking supply.
Real estate is in for a reckoning.
Yup if you have a 30 year fixed mortgage and the rate is lower than the rate of inflation it's actually a great hedge against inflation.
It comes down to supply and demand. There is a lack of supply of homes, plenty of demand. In 2008 the first thing people stopped paying for was their home when fuel prices made them panic about their budgets. That flooded the supply side and reduced the demand for homes simultaneously. Prices dropped after.
This looks a lot like the fuel prices we saw back then. Except it is also food prices.
I live in NJ and the prices are hyper inflated. Small states with not much available land to build new houses are hit the worst because the supply of homes is even more limited.
Yeah until the mortgage rates with pmi and taxes greatly surpass median income for that area then you are going to have people fleeing to other affordable housing somewhere else. This is going to impact property owners and employers until the rates decrease and can bring in new pop. That can afford it.
Their is a soft ceiling on what you can realistically charge before your occupancy dips and it generally doesn't just dip when you hit that ceiling it tanks pretty quickly in waves every quarter or so.
The faucet won't turn back on until wages inflate as well.
I don't know, Things could be different since remote work is an increasingly popular thing with high income earners. But especially if you deal in residential with a price point targeted to middle lower earners its going to be choppy waters.
Tldr real estate has a soft ceiling related to the earning potential of median wages for the area. If prices surpass what that is able to support, people will find alternatives lowering residential occupancy. If you are stuck holding the bag with a financed property, get ready.
Rental property on residential homes should be illegal. Why? Corporate firms easily outbid single families budgets - see: blackrock! They have the capital to buy up entire neighborhoods at well over asking, then pimp out the properties to renters...
I own two rental properties. You are saying private citizens shouldn't be allowed to own rental properties or corporations? So who do you want to rent the homes out to people? Do you want the government to buy them and rent them out?
Private ownership is far different than corpo-globohomos... But still an odd cog of the same wheel. Should be able to own as many properties as you want, but should at least spend a portion of time living at said residence... Pimping property for profit is not a moral obligation ie: selling out and exploiting the American dream
I agree with you that corporations shouldn't be able to buy them. I see nothing wrong with normal people buying a few rental properties. That's capitalism.
But even that effects those prospecting to start off their families. Child rearing is expensive AF as is, lest being a gov teat-leach. Small modest families cannot compete in bidding wars where houses consistently close at several percent above asking price
I'm looking at the history and it just keeps going up. I don't know much longer I'm going to be able to live where I'm at now and I really want to buy a new house. I just don't want to jump into something and have it crash on me 5 years in.
Now's the worst time to buy, clearly.
Except all this inflation is heading us for a price collapse.
Not if supply stays low. And what people are forgetting is is these home prices increase so do their taxes and if home prices keep going up people won’t even be able to afford the taxes let alone mortgage
Glad I bought a home and locked in my rate earlier this year… this is horrible
Nah home values will not slip too much
Most people are living paycheck to paycheck. If all else is equal rates go up, prices must come down. In this propped up economy, it is anyone's guess, though. Let's bookmark this post and see what happens in a year. 👌
Im interested to see how it plays out -- i expect homes to drop to be clear. Just not by much.
Might be a blessing in disguise. Owners could be selling it because they are getting fucked in the ass with the property tax based on the new Biden economy value.
Yeah I got lucky .
Purchased before covid and I can't believe how much it sucks for you guys.
You'll have to wait to buy until the decimation of the housing market comes.
I bought in 2019 when things were looking good before deep state unleashed COVID on the world and fucked the economy
Fact Checkers "False....Here's why standard measures of economical factors are inaccurate in measuring post-Covid markets."
Also Fact Checkers: 3.5" is totally fine and not inadequate at all whatsoever.
... floppy disks?
Computers have that drive these days?
I don't mean to brag, but I'm packin' an m.2
8" floppy.
Go big, or go home.
8 in floppies in raid. come at me brah
If it's Raid 0... Sure... live for a bit until you get a bad sector or a disk goes bad and then you're toast =P
Also Fact Checkers
"72.5% of all statistics are made up"
"we have so much more trans acceptance now that we have actually moved past the need for money and entered Star Trek"
Just call it "long COVID".
After NPCs gleefully believed that a heart attack is now a flu symptom, I don't doubt anything.
It's much worse when you consider the value of money. Market would have to be up 20% or more just to be even.
Correct. People are ignoring the fact that inflation affects stock prices too. This is much worse than when Trump left office.
Oh, it's just getting started...
Biden is on a mission, you're witnessing it now.
If you wait till 2024, there might not even be an America anymore.
Imagine printing money non stop for almost 1.5 years to cause deliberate inflation and then seeing the stock market FALL, even when the dollar is rapidly losing value?
Fucking imbeciles at the wheel being directed by Satan.
Not if it's being done on purpose. The imbeciles aren't at the wheel. They're crammed in the way back seat of the station wagon in the seat that faces backward, so they're oblivious to seeing what's coming. Instead, their faces are glued to their electronic devices absorbing propaganda and brain cell-destroying "entertainment" programming.
"tHe sT0cKmARkeT iSN't tEh eC0n0My!!11!!!"
"How the stock market crash is a good thing, for the fully vaccinated." - CNN
Would have been worse without the booster.
The winter of death, rmeber that?
boost to save the economy - acoonper
Wait till it gets back down to pre-2016 election levels. We're in for a hell of a recession, folks.
Woot perfect time to buy!
Taper in those buys. haven't seen the worst of it.
Time to max the 401k contributions if you haven’t already!
Throw more money in the Roth if you’re able to!
Roth IRAs are a cheat code. You can become a millionaire over 30 years with just investing $6k per year and buying an index fund like VOO. Even the financially illiterate can handle buying an index fund.
Give it time the demoncrats will soon be taxing unrealized gains
Then we're all fucked. These faggots already rape us with taxes.
Bet they confiscate all retirement when pension funds collapse.
Any pointers on where we can find honest info/research on VOO index?
Gonna do a deep dive on Google but always a little skeptical on the bias or misinfo that mainstream sources online might provide. Perhaps the financial sector isn't as compromised on an info level as general news coverage, but a bit out of my element here.
We'd appreciate any quick advice or suggestions that anyone here may have to get us started in the right direction!
It’s an exchange traded fund that is comprised of a basket of different blue chip stocks in varying proportions. These include Apple, nvidia, Tesla, Microsoft, and others, you can see the whole breakdown with a search “VOO holdings”
I like seekingalpha.com You have to pay monthly after viewing a certain number of articles per month, but it's well worth the money. Tons of amazing contributors on there. Fuck reddit, but stocks reddit and investing reddit are both good resources.
Except the gay rule where you aren’t allowed to contribute to a Roth IRA once you hit like $125k income per year, though there is a backdoor that exists to circumvent that…for now
Yeah that rule is fucking retarded. We're being raped with taxes and inflation and they are worried about rich people putting away $6k per year tax free? Fucking absurd.
I am extremely grateful for what I have, but the government takes a mile when they should take an inch. I discovered the Roth rule when I hit $140k salary this year. Between federal and state taxes I actually only take home about $100k, and in the blue shithole where I dwell, the rent is an ounce of gold per month. Add in the Bidenflation for groceries, gas, and utilities, and I think if I have it hard, how hard is it for people who have less?
I make a similar amount of money living in NJ and it doesn't feel like that much after taxes, state income taxes, property taxes etc. It's disgusting, which is why I'm probably gonna move to FL. I can't deal with being raped by my state anymore.
Yep! And since you already paid your taxes going in, the IRS can suck your balls
You pay with after tax dollars and don’t have to pay on the gains. There are yearly limits on contributions. Should be the first thing you do, maybe after taking advantage of an employer match.
Compounding interest you won’t owe money on gains
Dollar cost average.
Yup, DCA slowly.
...wait til November Dems still have damage to do here.
Yeah, I'm watching the crypto markets closely.
It's much much worse when you adjust for inflation.
Joe must have had the NASDAQ chart upside down when he promised he would bring back America.
Crude is dropping - from here on out there will likely be massive storage problems as demand dries up due to recessions etc....
I think it could go negative again.... and that is the precise time for the GOV to fill up the reserves with every barrel available.
Crude dropping cause Saudi cartel is dropping prices. Good thing we just sent all our strategic oil reserves overseas .........
And Russia storage is filling up fast too.... they will be in trouble as half their income is gas and oil sales.... and now they have lost many customers. Prepare to see railroad oil tankers just sitting in fields again....
:(
Accounting for inflation, it’s even worse. If your stock was worth $100 then and it’s worth $100 now, you’ve lost.. because $100 won’t buy 80% of what $100 used to buy you.
Oh - huge win for TEAM BIDEN!!!
Economy's great everyone!
🔥🔥🔥🔥ThIs🔥🔥🔥🔥iS🔥🔥🔥🔥FiNe!!🔥🔥🔥🔥
Trump Bump is over....
Now it's the "Biden Bear" Market
LETS GO BRANDON!!!!!!!
Told my European friend this would happen. He stopped talking to me bc Trump bad... well....WELL!?!??
Orange man surely isn’t as bad as they purport
No! Orange man BAAAAAAD!! 🐑🐑🐑😡
Spaceman also bad
I mean technically he left on 1/20/21 so we actually already past that point (~13,000) a while ago.
That's Nasdaq. The Russle is well below where Trump left it. The S and P is still about 2.4K away. But it's on pace to get there by the end of the month.
Still Trump's economy!!!1!
Plenty more room below that to go yet.
This is the start of the Great Depression and it will be the entire Western World. Stolen elections have dire consequences and now comes Biden's Dark Winter. The UniParty wants us down on our knees begging for food and energy. Rigged elections have dire consequences
We're days away from $4 gas in TX. Diesel is approaching $6.
I haven’t seen gas less than $4 in over 2 months in Illinois.
$5.50 pretty steadily where I live in California for the last couple months. $6+ for my wife’s bimmer cuz it uses 91. My F150 is still 87 but the 35 gallon tank is a bitch to fill up.
Nah bro, the economy is strong. Haven't you heard?
Buckle up because it can drop even lower.
*will drop
My day trader friends have always said stock markets go down when one party controls everything.
Depression, here we come.
Trump had just started to overcome the plandemic hit when he left... imagine how much better off we'd be right now if the election wasn't rigged by mail-in votes and the media
“I did that”
Awww, was the biden market all fake and gay this whole time?
Back to normal our politicians goal of destroying america can continue after the blip of Trump's presidency
Looks like Bitcoin’s performance lately.
I've been watching BTC and ETH closely and they've been on a continuous downhill slide. Since they're not stocks, not sure what to make of that.
Speculative investments that act like casinos for people with extra cash are the first to have a selloff when fear takes over from greed in the investment world. People are sensing a recession is coming, and they're scrambling to stake their gains before they're not worth anything.
BTC has almost no inherent value, along with most of those shitcoins that are pump and dump schemes. We are watching the "dump" phase lol.
The “inherent value” in bitcoin is it exists as a decentralized, borderless and permissionless payment system secured by the most powerful coordinated network of computational power on earth
And all those polysyllabic buzzwords mean absolutely fucking nothing because of KYC locking down every single possible means of getting any wealth out of the system.
I don’t follow. Also not buzzwords.
Bitcoin dips because of whales who are buying low and selling at a fixed number usually around 60k or wherever they’ve coordinated to sell at. Buy at around 35kish and sell at 40k or higher if the market looks hot.
Because lolcoins are a joke and nothing more than a digital lottery. They have zero value, they will never be currency, the entire thing was a fucking joke and a complete sham.
Literally the ONLY people who talk about 'putting money into crypto' are those who are trying to get people to raise the value of some coin they have so they can cash in and leave everyone holding the bag. Go look up literally every single 'crypto investor'. They talk about how "I made $50,000 on $Empire!".
What they do is buy these coins when they're worth nothing, then tell their followers that soon it'll go TO THE MOOOOON, their followers buy it, they immediately sell their huge stock of coin, all their followers are left with a huge crash and hope it will someday recover (it never has, it never does, it never will), then they talk about how smart and good they are at crypto because they made all this money, and their follower count rises.
Crypto should be fucking illegal and everyone should have their shitcoin assets seized. It is and always was a massive pyramid scheme.
"invest in crypto bro it's inflation proof bro your money is safe bro"
Yeh, pulling tomorrow.... ALL of my stocks... every penny. Buying a quad apartment building. Itll be full non stop and the revenue stream is going to be better than stocks for the foreseeable future with captain dumbfuck! running the country into the goddamn ditch.
Has the pedo blamed it on Russia yet?
Ya tell me about it. I'm getting my ass kicked lately.
The combination of Biden and J Pow is too much to handle. One is busily creating the opposite of the economic policy we should be pursuing while the other is doing the same with monetary policy.
It's almost like Marxism doesn't work or something.
(End the fed and oust the Democrats)
bUiLd bAck beTtEr!!!!!!!!!!
fuck the FED
only took a few trillion dollars to get here...
I cashed out all my stocks at near peak to have cash flow for the business I started, which is booming. Pretty much complete coincidence, had I not started my business this early it would still be sitting in there.
Ouch, my stonks...
Now do the graph again factoring in inflation. The market has already crashed in real terms.
Good time to buy tbh
"I don't get it, which one is FJB? Has the stock on that dropped a ton? I don't know if I'm invested in that one. Hey Nancy Pelosi, have you heard anything about this FJB stock?"
we are looking at a depression of a huge magnitude
I don't watch fake news MSM, I assume they are blaming Trump for this?
I heard them try the other day, kind of a half hearted attempt.
Now how many of these corrupt fucks do you think pump and dumped stock in that time frame? We already know stock shark Pelosi did without question
I will tell you the problem with America -
Midwits get jobs in the government after getting degrees in useless fields like "political science" or "international relations"....these are degrees designed to specifically for low intelligent people in order for the university to get their money.
They then get jobs from other midwits in the state department - they then fuck everything up - because they were never smart enough to see that they were being lied to in college.