Money & Economics
- Thread starter bigredfish
- Start date
At this point I no longer wonder IF a crash is close, just WHEN
There is still a bit of room for the market to run, but bigger economic issues are hovering and it just looks and acts a lot like 2000 or 2008 to me
But...
I could be worng
There is still a bit of room for the market to run, but bigger economic issues are hovering and it just looks and acts a lot like 2000 or 2008 to me
But...
I could be worng
Last edited:
Sybertiger
Known around here
Bitcoin’s brutal crash just became a nightmare for the plan to put crypto in Americans' retirement
"401ks exist to help people save for a secure retirement, not gamble on speculative assets," said an industry observer.
Sybertiger
Known around here
Does anyone here really expect a "significantly" larger tax refund this year? Not a senior, didn't get tips and my overtime pay was as an exempt employee....does not qualify.
"The new deductions, including those for tip income, seniors and overtime, oddly enough, could apply if you qualify, to taxpayers who claim the standard deduction, as most people do, as well as a much smaller group that itemizes deductions, such as mortgage interest, on a Schedule A."
"The new deductions, including those for tip income, seniors and overtime, oddly enough, could apply if you qualify, to taxpayers who claim the standard deduction, as most people do, as well as a much smaller group that itemizes deductions, such as mortgage interest, on a Schedule A."
Arjun
IPCT Contributor
Ssayer
BIT Beta Team
Ssayer
BIT Beta Team
+ Despite the SS "increase", my wife's and my actual income also went down. Medicare went up. Our BCBS went up. Our Copays and Deductibles went up. Some meds were raised to higher (greater out of pockets costs) tiers. Our OTC was taken away. At least there wasn't significant inflation/ right? {sarcasm} ...
Arjun
IPCT Contributor
mat200
IPCT Contributor
- Jan 17, 2017
- 17,824
- 30,019
Green shoots? Or just a lot fewer drivers?
Either way, price is going up.
(we used to call that inflation)
Soaring Trucker Rejection Rates Suggest "Epic Year" For Drivers
Soaring Trucker Rejection Rates Suggest "Epic Year" For Drivers | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Or Optimus driving Trucks ..
Yes... to the tune of owing a few grand last year to getting over $10k back this year from the Feds.
A lot of this is due to being able to deduct up to $40k in SALT this year vs. being limited to $10k in previous years after the last Trump tax cuts. A small amount of it has to do with being over-taxed on my severance pay that I received lump-sum when I got laid off last year.
Green shoots? Or just a lot fewer drivers?
Either way, price is going up.
(we used to call that inflation)
Soaring Trucker Rejection Rates Suggest "Epic Year" For Drivers
Soaring Trucker Rejection Rates Suggest "Epic Year" For Drivers | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
My take is that illegal foreign drivers (i.e., by CDL definition, those who cannot read or speak English, which was a ton of them) had flooded the market by taking jobs that Americans used to take (which the leftists claim doesn't happen), which, by the simple laws of economics, caused the prices to crater. I know a few who got out of the industry when that happened because they couldn't afford the income cuts.
This is a good thing.
Yep, raising SALT cap helped a few select high taxed states.
Most of the rest was for show and talking points. Little difference to most.
Reading the financial analysts tonight, we could be in for a wild week in the markets.
Futures all green including Gold/Silver but Japan surprises and Goldman predictions calling for big down days ahead.
Frustrating. I missed what would have been a $1000 day had I held Thursday and had to sit out the big UP Friday in cash and now I’m like a deer in headlights about this week.
Futures all green including Gold/Silver but Japan surprises and Goldman predictions calling for big down days ahead.
Frustrating. I missed what would have been a $1000 day had I held Thursday and had to sit out the big UP Friday in cash and now I’m like a deer in headlights about this week.
Important
Warsh, the next Fed chair, will inflate the debt away.
He is in favor of yield curve control.
This would be reminiscent of the WWII period.
Back then, US debt-to-GDP was 125% vs 121% now.
YCC enabled the government to borrow vast amounts of USTs without blowing out interest expenses.
Those costs were pushed onto citizens via inflation.
From 1945-1980, the US gradually brought debt-to-GDP down to 30%, which later enabled Volcker to raise rates to 20% to kill inflation. This seems to be Warsh’s playbook.
The idea that Trump would nominate someone more hawkish than Powell, after attacking him for over a year for being too hawkish, was ridiculous to begin with.
Inflating the debt away was always the plan… needless to say, hard assets outperform during inflationary periods.
Warsh, the next Fed chair, will inflate the debt away.
He is in favor of yield curve control.
- This means pegging US short-term interest rates to an artificially low level
- The Fed commits to buying unlimited amounts above that level to push interest rates down
This would be reminiscent of the WWII period.
Back then, US debt-to-GDP was 125% vs 121% now.
YCC enabled the government to borrow vast amounts of USTs without blowing out interest expenses.
Those costs were pushed onto citizens via inflation.
From 1945-1980, the US gradually brought debt-to-GDP down to 30%, which later enabled Volcker to raise rates to 20% to kill inflation. This seems to be Warsh’s playbook.
The idea that Trump would nominate someone more hawkish than Powell, after attacking him for over a year for being too hawkish, was ridiculous to begin with.
Inflating the debt away was always the plan… needless to say, hard assets outperform during inflationary periods.
He’s probably right.
Do you know why ?
Because inflating away the debt is the plan. The DOW may well hit $100K
Your 401K will look beautiful
But a loaf of bread will cost $10 or more because your money will be worth 50% less. Inflation doesnt just make the stock market go up, it raises the price of everything while devaluing your money
Do you know why ?
Because inflating away the debt is the plan. The DOW may well hit $100K
Your 401K will look beautiful
But a loaf of bread will cost $10 or more because your money will be worth 50% less. Inflation doesnt just make the stock market go up, it raises the price of everything while devaluing your money
Becoming clear to the smart guys that this is indeed the plan
Expect plenty of sugar high bread and circuses acts from the administration to take your mind off of it
Expect plenty of sugar high bread and circuses acts from the administration to take your mind off of it