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Recession will have to wait
Recession will have to wait
By Fuelman
4 Jun 2025 8:07 am in No Holds Barred Political Forum
4 Jun 2025 8:07 am
This is good news:
https://www.atlantafed.org/cqer/feature ... %20details.
Second-Quarter GDP Growth Estimate Increased
On June 2, the GDPNow model estimate for real GDP growth in the second quarter of 2025 is 4.6 percent, up from 3.8 percent on May 30. View GDPNow for more details
Media face plant!
https://www.atlantafed.org/cqer/feature ... %20details.
Second-Quarter GDP Growth Estimate Increased
On June 2, the GDPNow model estimate for real GDP growth in the second quarter of 2025 is 4.6 percent, up from 3.8 percent on May 30. View GDPNow for more details
Media face plant!
4 Jun 2025 8:09 am
Its actually bad news. Because, now the Fed has no pressure to lower interest rates. House prices will continue to be out of reach for most Americans under the age of 40.Fuelman » 4 minutes ago » wrote: ↑ This is good news:
https://www.atlantafed.org/cqer/feature ... %20details.
Second-Quarter GDP Growth Estimate Increased
On June 2, the GDPNow model estimate for real GDP growth in the second quarter of 2025 is 4.6 percent, up from 3.8 percent on May 30. View GDPNow for more details
Media face plant!
4 Jun 2025 8:21 am
Us old farts are loving these interest rates.Skans » 13 minutes ago » wrote: ↑ Its actually bad news. Because, now the Fed has no pressure to lower interest rates. House prices will continue to be out of reach for most Americans under the age of 40.
4 Jun 2025 8:25 am
You're a sell-out. Out of the Equity markets and into the safe, dull, dead world of CD's and Money Market Accounts.
I BOUGHT A 2.3% 6-MONTHS CD
WE'RE IN THE MONEY, BABY!!!
4 Jun 2025 8:37 am
You will see it differently when you get older.Skans » 12 minutes ago » wrote: ↑ You're a sell-out. Out of the Equity markets and into the safe, dull, dead world of CD's and Money Market Accounts.
I BOUGHT A 2.3% 6-MONTHS CD
WE'RE IN THE MONEY, BABY!!!
4 Jun 2025 8:41 am
No. When I get older, much older, I'm going to die and take my Nvidia with me!!!
4 Jun 2025 8:51 am
We quit putting money into Wall Street in Jan 2021. It's been about building up cash since then.Skans » 11 minutes ago » wrote: ↑ No. When I get older, much older, I'm going to die and take my Nvidia with me!!!
4 Jun 2025 9:16 am
There is something far more sinister lurking in the background. Japan simply can't afford to buy our bonds anymore.Skans » Today, 8:09 am » wrote: ↑ Its actually bad news. Because, now the Fed has no pressure to lower interest rates. House prices will continue to be out of reach for most Americans under the age of 40.
4 Jun 2025 9:22 am
I trust capitalist companies more than I trust banks and government. Good companies create money and wealth. They have to pay it out to their investors, because "greed" makes them do this. Greed is good, because when the Top Dog wants his money, he has to pay me mine too.Fuelman » 6 minutes ago » wrote: ↑ There is something far more sinister lurking in the background. Japan simply can't afford to buy our bonds anymore.
On the other hand, Banks pay you a stipend to take your money, plow it into equities, and then skim off the profits for themselves - 7.5% skimmed off for them; 2.5% for you. Basically, people who buy CD's are allowing themselves to get ***-raped without even the courtesy of a Bank-financed reach-around.
4 Jun 2025 10:04 am
I agree with your sentiment about the markets but there comes a time when enough is enough. We have already exceeded the average retirement account balance for our age group and focused on limiting exposure. Currently our exposure to US Equities is less than 30% of our net worth.Skans » 46 minutes ago » wrote: ↑ I trust capitalist companies more than I trust banks and government. Good companies create money and wealth. They have to pay it out to their investors, because "greed" makes them do this. Greed is good, because when the Top Dog wants his money, he has to pay me mine too.
On the other hand, Banks pay you a stipend to take your money, plow it into equities, and then skim off the profits for themselves - 7.5% skimmed off for them; 2.5% for you. Basically, people who buy CD's are allowing themselves to get ***-raped without even the courtesy of a Bank-financed reach-around.
When you need a place to park $300k cash, CD's are not a bad option. I don't mind being dumb, it's paid off!
4 Jun 2025 10:20 am
When you say "enough is enough", isn't that like giving up? Its not about the reward. Its all about the game! For F-s' sake, what is life without risk?Fuelman » 19 minutes ago » wrote: ↑ I agree with your sentiment about the markets but there comes a time when enough is enough. We have already exceeded the average retirement account balance for our age group and focused on limiting exposure. Currently our exposure to US Equities is less than 30% of our net worth.
When you need a place to park $300k cash, CD's are not a bad option. I don't mind being dumb, it's paid off!
4 Jun 2025 10:22 am
Is it sitting in a brokerage account?Fuelman » Today, 8:51 am » wrote: ↑ We quit putting money into Wall Street in Jan 2021. It's been about building up cash since then.
When you complain, your friends roll their eyes and your enemies smile
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
4 Jun 2025 10:25 am
"Enough is enough" IS in the game. It's one of the many positions the game offers.Skans » 8 minutes ago » wrote: ↑ When you say "enough is enough", isn't that like giving up? Its not about the reward. Its all about the game! For F-s' sake, what is life without risk?
When you complain, your friends roll their eyes and your enemies smile
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
4 Jun 2025 10:33 am
That's like leaving the table, cashing in your chips and walking back outside as dawn turns to daylight again. You just won a ton of money, and the fools you won it from are all still sitting around the table willing to throw more at you!Cannonpointer » 8 minutes ago » wrote: ↑ "Enough is enough" IS in the game. It's one of the many positions the game offers.
4 Jun 2025 11:04 am
The retirement accounts are at Ed Jones sitting in a medium risk portfolio.
The cash is at a local non profit credit union.
4 Jun 2025 2:46 pm
Skans » Today, 10:20 am » wrote: ↑ When you say "enough is enough", isn't that like giving up? Its not about the reward. Its all about the game! For F-s' sake, what is life without risk?
I survived a decade of driving over a mountain pass with 11,000 gallons of gas strapped to my ***. Some would say that is risky, or borderline mental.We did drop $5k at Blackhawk casinos a couple weeks ago, I still take risks just a bit more conservative.
4 Jun 2025 2:47 pm
What if you live to 115? Then what are you going to do? I'm pretty certain I'm going to live to at least 114. @Cannonpointer will confirm this, since the Vaxx I took was the life-prolonging one - gave me super powers too; not the artery-clogging goo that Moderna tried to pawn off on Cannonpointer.Fuelman » Today, 9:16 am » wrote: ↑ There is something far more sinister lurking in the background. Japan simply can't afford to buy our bonds anymore.
4 Jun 2025 2:53 pm
Now, that's just a "stupid risk". Who T-F told you to do something like that? There are people like BV out there that will brake-check you on the down-hill just for **** and giggles.Fuelman » 10 minutes ago » wrote: ↑
Come on, buy a motorcycle and day-trade in an over-bought stock like Palantir. I mean with a P/E ration of 565, you're going to have to make sure to live to be 115 to ever see any money come out of it. It's better than life insurance!!!
4 Jun 2025 2:57 pm
Lol, now I see why you need MORE money!Skans » 14 minutes ago » wrote: ↑ What if you live to 115? Then what are you going to do? I'm pretty certain I'm going to live to at least 114. @Cannonpointer will confirm this, since the Vaxx I took was the life-prolonging one - gave me super powers too; not the artery-clogging goo that Moderna tried to pawn off on Cannonpointer.
I'll be checking out long before that, the sole purpose currently is to make sure the wifey is financially secure.
4 Jun 2025 3:02 pm
.................. OH SNAP! Lightbulb just went off. Now I understand the name! Well, at least no one ever accused me of being overly sharp witted.Fuelman » 9 minutes ago » wrote: ↑ Lol, now I see why you need MORE money!
I'll be checking out long before that, the sole purpose currently is to make sure the wifey is financially secure.
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