Money & Economics

[bigredfish]

Its disturbing understanding most of this.

We're in very deep shit

 

[tigerwillow1]

I don't think the US government will default in the sense of not paying debts or liabilities. It will just pay them off with highly depreciated dollars. No need to default when you can create unlimited money out of nothing.

 

[bigredfish]

I don't think the US government will default in the sense of not paying debts or liabilities. It will just pay them off with highly depreciated dollars. No need to default when you can create unlimited money out of nothing.

Agree in that it won’t be called a default. You’re right of course, the only other choice is to print more funny money.

But you’ll need a wheelbarrow full of $100 bills to buy a loaf of bread and a bottle of Boones Farm

We’ll hit $40 Trillion in debt in a few months. Debt interest payments are about to exceed SS/Medicare as the #1 expense, while they boost Defense spending by 50% (for the uneducated, this is not a made up number)

Beyond the 80s type inflation that most can’t comprehend, there is no choice but to cut SS/Medicare drastically.

We’re staring at 1929.
I don’t think most people born after about 1960 have a clue what that means or what’s coming. They quit teaching reality in schools sometime in the 70’s..

And the Mad King is pouring gasoline on it and burning it down faster as we speak.

 

[bigredfish]

 

[bigredfish]

Unsustainable

 

[bigredfish]

 

[bigredfish]

 

[bigredfish]

I almost dare anyone to find a bright spot in our economic situation and explain to me how it’s all gonna work out

 

[bigredfish]

I think I said this would happen a few pages back…

 

[bigredfish]

Suckers

Where is the tariff supporter guy?

 

[bigredfish]

Maffs are hard

 

[bigredfish]

Oh no!
You mean it’s finally hitting the backwoods of the Houston area?

We must be in the beginning of Armageddon

 

[bigredfish]

Wow

 

[bigredfish]

So naturally after I buy some #XLF yesterday, expecting the big banks to report great earnings this morning, they do!
Anddddddddddddd...... they report record earnings and the stocks crash... go figure

Fucking markets

JPMorgan Chase (JPM) on Tuesday reported a nearly 47% increase in earnings to $7.70 per share, to beat FactSet estimates for $5.29 per share.

 

[bigredfish]

And unbelievable CPI numbers...

Nobody believes the numbers...
The Feds want you to believe... badly

 

[bigredfish]

Like a script from a Hallmark Movie… they all lived happily ever after….

I still have swampland available for those true believers…

 

[bigredfish]

So naturally after I buy some #XLF yesterday, expecting the big banks to report great earnings this morning, they do!
Anddddddddddddd...... they report record earnings and the stocks crash... go figure

Fucking markets

JPMorgan Chase (JPM) on Tuesday reported a nearly 47% increase in earnings to $7.70 per share, to beat FactSet estimates for $5.29 per share.

View attachment 246287

Annnnddddd Now all the big banks are Green!

Wow, I hate pre-market

 

[bigredfish]

When the numbers don’t add up, and Trump is taking credit… you know it’s fake

 

[bigredfish]

Closed my Oil position #XLE at $57

Still holding the bank ETF $XLF but will close later today

Finally a decent profit couple of trades, though I missed the opportunity to buy JPM outright in pre-market, that would have been another $1000