Wash, rinse, repeat. This isn't the first time boom bust cycle that happened. I am 69 years old and been through I guess 4 and what is interesting is my grandparents did the 1929 depression and so did my parents and they taught me to [not that I like the idea] save and prepare during the good times for the bad times. Then after the preperations are met pay cash for the toys you buy. It is not so much the money you have it is about the debt you have. Bad stuff happens ,,, it always will and does. My best recession was the one in 1981to 1983 I loved getting laid off my job. I painted houses, did odd jobs drove truck out of the Teamsters line drivers local doing the western states. Made some decent money and in between the work the time off was lots of fun.
*Investors Blog*
- Thread starter Warstud
- Start date
I think it is a fair assumption that rates will rise, putting additional pressure on home prices. I have additional reasons to buy at least 1 property. This may be the opportunity I have been waiting for. Cash is king, but can incur transaction costs (selling stock on the buying end and real estate cost on the selling end). My biggest risk is selling stock at today's value. This could be big bucks cost over time.
I don't have enough cash to cover the purchase, and using available liquidity incurs the opportunity cost.
Today’s visitor to the woodshed is Carmax. (KMX)
Down almost 24% today.
https://www.cnbc.com/quotes/KMX
Down almost 24% today.
https://www.cnbc.com/quotes/KMX
Yes. but over the long term this is the kind of gambling I like.
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https://www.cnbc.com/2022/09/29/goo...ice-stadia-in-latest-cost-cutting-effort.html
” The shuttering of Stadia is the latest move by CEO Sundar Pichai to cut costs after saying he wants to make the company 20% more efficient. Alphabet’s stock price is down 34% this year and in July the company reported disappointing revenue and profit numbers. Pichai’s efficiency efforts, he said, could include product and head count cuts as the company reckons with a slew of economic challenges and slowing growth. “
Trimming the fat….
” The shuttering of Stadia is the latest move by CEO Sundar Pichai to cut costs after saying he wants to make the company 20% more efficient. Alphabet’s stock price is down 34% this year and in July the company reported disappointing revenue and profit numbers. Pichai’s efficiency efforts, he said, could include product and head count cuts as the company reckons with a slew of economic challenges and slowing growth. “
Trimming the fat….
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A combination of rising interest rates and consumers watching their spending.
As the economy slows down more and more people will holding off big dollar purchases.
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Finally an admission
https://www.dailymail.co.uk/news/ar...tors-hes-praying-inflation-good-business.html
https://www.dailymail.co.uk/news/ar...tors-hes-praying-inflation-good-business.html
Really a disappointment end of quarter isn't increasing market prices for better short opportunities. Keeping ES flat might just mean a longer than just a short-term bottom and deadcat bounce. Need to start looking at yearly charts since getting close to Christmas and possibly a 3 months rally
Fed’s preferred gauge shows inflation accelerated even more than expected in August.
https://www.cnbc.com/2022/09/30/pce...erated-even-more-than-expected-in-august.html
Around here gasoline continues to come down, $2.96/gal yesterday. And diesel is down too, $3.99/gal.
But, in 2020 I never paid more than $1.70/gal for diesel. So, diesel today is more than 230% higher. Inflation sucks
But, in 2020 I never paid more than $1.70/gal for diesel. So, diesel today is more than 230% higher. Inflation sucks
We all should have known inflation was headed much higher by looking at one thing... the U.S. money supply – more specifically, the "M2" money supply. It's all the money in our economy, including cash, checking and savings accounts, money-market accounts, and mutual funds.
The money supply grew by nearly 30% in a span of a year following the pandemic. It continued to grow by more than 40% over a two-year period.
Money-supply growth is the definition of inflation, not increases in prices. Many people misunderstand this.
Price increases are a symptom of inflation, not the cause...Inflation is caused by the Fed printing new money into circulation out of thin air... an exchange of nothing for something.
FIFY.
https://www.cnbc.com/2022/09/30/fac...pe-death-spiral-as-users-flee-sales-drop.html
Are people getting tired of all the drama on Facebook ?
Are people getting tired of all the drama on Facebook ?
