GOOD NEWS!

[wdmso]

Originally Posted by Jim in CT

if you’re not hoarding cash, you’re not paying attention.

Soaring interest rates, increases in credit card debt at higher rates, silicon valley giants announcing layoffs, god knows what’s going to happen to energy prices this winter, god knows what’s going to happen to housing prices with soaring mortgages of inventory ever increases,,yiu habe to think these interest rates are going to stifle consumer spending at some point, and that’s what drives our economy.

It’s not all bidens fault, Trump and Obama and Bush spent like lunatics. We’re due for a recession.

sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.

Same thing happened in the 1990

My mortgage interest rate was 10%

we survived and we’ll survive again

It could alway be worse UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

It’s global
Posted from my iPhone/Mobile device

[scottw]

Originally Posted by wdmso

we survived and we’ll survive again


Posted from my iPhone/Mobile device

I didn't say we wouldn't.....

[Jim in CT]

Originally Posted by scottw

I didn't say we wouldn't.....

they love responding to things that no one came close to saying. it’s easier than admitting politically inconvenient truths.

[Jim in CT]

Originally Posted by wdmso

Same thing happened in the 1990

My mortgage interest rate was 10%

we survived and we’ll survive again

It could alway be worse UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar

It’s global
Posted from my iPhone/Mobile device

i didn’t hear anyone suggest we won’t survive. But some pain is probably coming. also some opportunity.

inflation is global. but (1) that doesn’t mean we didn’t make stupid
mistakes in both parties, to make it worse than it needed to be. And (2) covid was also global and you never once brought that up when trump was potus. How about a speck of honesty.

the feds out way, way too much money in circulation. Increasing the supply of something will decrease the value of that something. Even if that something is money.