*Investors Blog*
- Thread starter Warstud
- Start date
https://nypost.com/2022/09/27/biden-demands-gas-stations-slash-prices-at-the-pump/
What happens when SPR gets depleted to emergency levels and prices at the pumps spike…. ?
What happens when SPR gets depleted to emergency levels and prices at the pumps spike…. ?
Everyone is a scapegoat for bad policies, deflecting blame is damage control.
My Crystal Ball says this QT puts us in a bad recession then the Fed starts QE'n again. It's just a vicious cycle.
I heard someone on the radio say the US has three refineries shut down right now
And beyond.
I should add my 2 cents for what it’s worth. Going to the downside I can see the Dow head to 24,000 and the S&P go to 3000. These are approximate guesses. Some technical chartists will have more exact levels.
If ES can get to 3900 would be a great short area
Why was the market up 2% today. Blown up pipeline, president asked if a dead person was in the audience, almost cat5 hurricane rolling through half of Florida. Read somewhere its because UK is going back to QE, but how big is UK economy that it matters what they do?
Probably because lots of people think it's near bottoming out and think it's maybe a good time to get back in ... ???
About as logical as anything else, lol.
No good fundamental reason. UK/Europe are in deep deep dodo. QE delays the inevitable.
As a hedge I bought some I Bonds at the current 9.62%.
Did a little number crunching on the compound interest calculator for current I Bonds paying 9.62% compounding semi-annually and if you buy the max allowable at $10,000, on the 30th year (maturity) you end up with $167,557.26.
There is a penalty if you cash out within 5 years: your last 3 months of interest(not too bad). On the other hand, those thinking about having a family and saving up for kids tuition or even just extra cash for retirement, you can't beat free money.
I believe I read somewhere the rates head to around 6% after Oct 31st?
Did a little number crunching on the compound interest calculator for current I Bonds paying 9.62% compounding semi-annually and if you buy the max allowable at $10,000, on the 30th year (maturity) you end up with $167,557.26.
There is a penalty if you cash out within 5 years: your last 3 months of interest(not too bad). On the other hand, those thinking about having a family and saving up for kids tuition or even just extra cash for retirement, you can't beat free money.
I believe I read somewhere the rates head to around 6% after Oct 31st?
Lobby money.
Mortgage interest rates are putting pressure on properties arounf here. I am strongly considering buying a condo if ptices drop a little more...
Looking for opportunity!
Looking for opportunity!
Owning property rules all else for security. My only hesitation is how bad is bad?
Are we at the beginning of bad or just the middle of bad and things wont get worse?
If we are just at the beginning, what we think is bad now might be nothing compared to what is to come if rates make a jump many points higher, 9%? 10? I have feeling the public is going to feel a lot more pain for a fair amount of time to get the massive amount of money floating around out there under control, but what do I know? *L*
Anyway, its a great position to be in if you are one who has to makes those decisions! Good luck!
