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Author Topic: The Economy is Going to Implode  (Read 195721 times)

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #960 on: November 30, 2023, 08:51:40 AM »
https://www.zerohedge.com/personal-finance/continuing-jobless-claims-surge-2-year-highs

The squeeze continues...

Naturally, the casinos are going up to start the morning...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #961 on: December 04, 2023, 09:31:20 AM »
Negative job impacts never good at any time for people...but at Christmas time is a pretty low blow...

https://www.zerohedge.com/markets/grinch-spotify-fires-17-workforce-christmas

My niece worked for a Cali based outfit...just gave her the pink slip...   ::outrage::

She's still young and will bounce back, but still, crappy timing...

And for too many more of this will no doubt accelerate - https://www.zerohedge.com/personal-finance/more-americans-tapping-retirement-savings-hardship-withdrawals-rise

The Kenyan's puppet and his FJBeconomics making everything suck, but destruction was and remains their plan!   ::cussing::

And this BS should be easily deflected...

https://theconservativetreehouse.com/blog/2023/12/02/biden-administration-fines-chatanooga-trucking-company-700000-for-checking-employment-eligibility-for-job-applicants/

H/T-CTH

...do what democrats do...skirt the BS!  Don' ask, you can just tell, OK?
« Last Edit: December 04, 2023, 09:47:16 AM by Libertas »
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Offline patentlymn

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Re: The Economy is Going to Implode
« Reply #962 on: December 04, 2023, 12:27:04 PM »

I recall the DOJ went after SpaceX for checking immigration status of Chinese.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #963 on: December 04, 2023, 01:44:18 PM »
But allowing a US company to control information is upholding American ideals...

https://freebeacon.com/national-security/microsoft-inked-deals-with-chinese-communist-party-propaganda-outlets-documents-show/

...both Dems and Commies like Satan's ideals...

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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #964 on: December 11, 2023, 01:17:53 PM »
https://dailycaller.com/2023/12/11/americans-home-payments-increased-biden/

The Kenyan's puppet executes his master's orders without question...



Pauperizing the middle class, ending the American Dream, fomenting suffering and hatred...all part of their plan...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #965 on: December 12, 2023, 08:50:56 AM »
https://www.zerohedge.com/personal-finance/core-cpi-hotter-expected-used-car-price-rise-offsets-energy-drop

More cold water on the misplaced optimism of some and a clear sign we are nowhere near the level 2% inflation target...

H/T-WRSA@GAB
« Last Edit: December 12, 2023, 09:07:55 AM by Libertas »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #966 on: December 13, 2023, 09:24:16 AM »
Core PPI drops to 2%, but food remains high and energy will not stay down forever, and could spike anytime given several conflicts that could jump-start it...

https://www.zerohedge.com/personal-finance/core-producer-price-inflation-tumbles-20-near-3-year-lows
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Offline ToddF

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Re: The Economy is Going to Implode
« Reply #967 on: December 13, 2023, 10:02:37 AM »
I just cashed out and went to all CDs.  I might as well take advantage of the recent runup in stocks.  Market is back to its highest and the inflation just isn't going to go away.  $2 trillion deficits forever as the pigs of America will never let their own personal welfare payments be cut, whatever they may be, nor will they be on board for a massive increase in taxes to pay for it.

The yield curve is very inverted right now.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #968 on: December 13, 2023, 02:55:54 PM »
Smart, I put a chunk into a 4.5% APY CD at my credit union and moved another chunk into my bank's money market yielding the same.  I have my IRA's parked in cash because everything going on in my life I haven't had a lot of time for research so its all in cash/money market sweep...so I missed the recent market runup, and now worried a lot is over-priced and overbought due to rate cut euphoria that may not come.  AI-related is all the rage, everyone talking about the Magnificent Seven (NVIDIA et al) which makes me leery...but I see it somewhat downturn resistant so I might dip a toe in for a small piece...commodities has always been my bread and butter and there may be more opportunity in energy (organic) as we pivot into 2024 and I see it gaining more steam in Q2 and with prices low will do some buying there.  If there is a pullback in PM's I will buy back in there too.  Anything retail and real estate I think I'll avoid, still not convinced a recession, perhaps a deflationary one is avoidable.  Will do some selective value & stable dividend hunting too probably at an equal weight with AI-related.  I think it will be key for folks to be flexible and not lock anything except maybe these attractive CD & $ Mkt rates.  Want to stay liquid.

ETA - Just saw this - https://www.bloomberg.com/news/articles/2023-12-12/stock-market-today-dow-s-p-live-updates

Making no move was expected...there is NO promise Fed will ease rates come 2024...yet...casino's ran wild-bull today...

All of that hot air can vent too but they don't care about that.  Wonder if Warren sold some more...?
« Last Edit: December 13, 2023, 03:03:28 PM by Libertas »
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Offline ToddF

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Re: The Economy is Going to Implode
« Reply #969 on: December 13, 2023, 04:14:07 PM »
I'm not going to agonize over a lost day.  It was down 20% just a year ago.  Various banks, none longer than 9 months, all getting between 5.2% & 5.5%. 
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #970 on: December 14, 2023, 08:37:43 AM »
True, just be discriminating in our selections.

Something the overexuberant tend to ignore...

https://www.zerohedge.com/personal-finance/inflation-real-life-much-worse-government-fantasy-world

...ask the average working American...but those ignoring this have little in common with them...they'd rather just fleece them.

As for bonds...seems there is a full point of juice above trend and prospects seem favorable for bonds over stocks in the next 10 years...

https://www.zerohedge.com/markets/kiss-bonds

...and while I wouldn't go in heavy, I'd include in a balanced portfolio.

And it appears Buffett bought in a sizeable chunk of Occidental...

https://www.zerohedge.com/markets/buffett-buys-another-590-million-occidental-stock-backs-acquisition-crownrock

...again pouncing when they acquire somebody else.

As for this...

https://www.zerohedge.com/personal-finance/initial-jobless-claims-tumble-near-2023-lows

...job squeeze continues...and nobody even talks about WPR any longer, eh?
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #971 on: December 15, 2023, 09:34:46 AM »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #972 on: January 02, 2024, 12:38:04 PM »
Who do demonazis love?

https://www.thegatewaypundit.com/2024/01/biden-gives-fed-workers-largest-pay-raise-40/

Government, of course...all totalitarians love their serfs...

Meanwhile, those not sharing that love get more burdened to give unto their oppressors out of the mouths of their families...
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Offline patentlymn

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Re: The Economy is Going to Implode
« Reply #973 on: January 02, 2024, 01:17:26 PM »
Quote from: Libertas on January 02, 2024, 12:38:04 PM
Who do demonazis love?

https://www.thegatewaypundit.com/2024/01/biden-gives-fed-workers-largest-pay-raise-40/

Government, of course...all totalitarians love their serfs...

Meanwhile, those not sharing that love get more burdened to give unto their oppressors out of the mouths of their families...
I recall feds get a step increase every year plus more if they get a promotion. Maybe 3 pct each year and they say they do not get a raise. do they get cola on top of that?  Biden just bumped the entire pay system up with a raise.
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Online paulh

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Re: The Economy is Going to Implode
« Reply #974 on: January 02, 2024, 01:51:27 PM »
My VA disability went up $27.00. My medical ins. went up $65.00, I'm $38.00 in the sh*tter. Same with social insecurity.
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #975 on: January 05, 2024, 07:58:06 AM »
BLS is so full of sh*t...

https://www.zerohedge.com/markets/jobs-shocker-december-payrolls-unexpectedly-surge-unemployment-rate-slides-wages-jump

...it's the revisions, stupid!

A-holes keep trying to make Bidenomincs look good when it reeks coming and going...

If these jobs (mostly $%#@ing government!) are so awesome why have we lost so many workers?!

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

There's your Bidenomics!!!
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #976 on: January 11, 2024, 11:37:20 AM »
https://www.zerohedge.com/markets/headline-cpi-hotter-expected-december-supercore-accelerating

Core up, food up...energy returning to going up...average America keeps getting kicked in the teeth...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #977 on: January 12, 2024, 08:18:20 AM »
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #978 on: January 15, 2024, 09:37:08 AM »
More data documenting the destruction and suffering of Bidetnomics...

https://www.zerohedge.com/personal-finance/its-economy-stupid-real-reason-so-may-young-people-are-living-their-parents

Suffering in the name of socialism...
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Offline Libertas

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Re: The Economy is Going to Implode
« Reply #979 on: January 18, 2024, 10:41:59 AM »
I think overexuberance in the unreasonable Fed rate cutting front met reality with revisions...

https://www.zerohedge.com/markets/single-family-home-starts-plunged-december

...and with some of the hotter print data of yesterday and recent pop in oil (which the latter may wane as OPEC+ reaches the point where members break limits on sales that always happens...) and continued offsetting stats in coming weeks/months people will realize a waterfall of rate cuts is likely not in the cards...just probably more backdoor stimulus when QT ends and QE resumes...

SSDD
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