Current issues with the market - Any ideas on avoiding the end?

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Good riddance. Despite the barter culture around them, car prices have been obscene for too long now. I'd advise any fellow burgers looking to upgrade their car now to instead just wait another couple years or so when the market inevitably tanks. Unless your only car craps out and totals itself overnight there's no reason to pay $5k-10k more than what you would've a similar model a few years ago.
Not surprising really if we consider asset inflation scenarios in the third world. Vehicles are perhaps the most utilitarian asset class in the world. A vehicle can be a home. A source of income, or both! In extreme economic conditions they fall into the same critical asset class as housing.

I don't think we are going to see a retraction in the vehicle market. Actually the opposite, largely thanks to the push for a global supply chain reliant on slave labor from Chinese concentration camps and Mexican sweat shops. All those parts they thought they could get on the cheap now cost more to ship from their slave pits (if they ship at all) then if they had kept making them in Michigan.

Extreme economic fear means two things. Nobody wants to buy a new car, and nobody wants to sell their old car. Normally this means new car prices have to fall, but thanks to the global supply chain breakdown car manufacturers can't reduce prices. As all of them are caught up in the corporate debt bubble, they can't sell their vehicles at a loss. Their contractual loan obligations prohibit it.

This means that instead of new car prices going down, they are going up. In opposition to consumer buying demand. And since consumers are not going to buy the new cars, they are going to cling to their old cars. Which means the used car market will continue to skyrocket.

Go back to my OP in this thread guys. Two years ago I was dreaming of a nightmare. Today we are living it. All the rules you thought you knew no longer apply.
 
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Here's something that might be worth chewing on, I've started seeing some people speculate there's a small car market crash coming up.

Go back to my OP in this thread guys. Two years ago I was dreaming of a nightmare. Today we are living it. All the rules you thought you knew no longer apply.
 
Welcome To The Recession: Atlanta Fed Slashes Q2 GDP To -1% https://www.zerohedge.com/markets/welcome-recession-atlanta-fed-slashes-q2-gdp-1

According to the Atlanta Fed's GDPNow model estimate for real GDP, growth in the second quarter of 2022 has been cut to a contractionary -1.0%, down from 0.0% on June 15, down from +0.9% on June 6, down from 1.3% on June 1, and down from 1.9% on May 27.

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Check out the contrast between:
and
Again. I am not a prepper. I refuse to be tagged to a bunch of freaks getting their jollies about the end of the world scenario. THEY are part of the problem just like the liberal media as they can artificially make things WORSE. I have seen this happen twice in my life and because on how socially media dependent sheeple are in this world they can make things much much worse.

Right now in my region we are having 4th of July products on sale. Namely meat and other items. Take the opportunity to stock up ahead and fill up your pantry with things.

Take the opportunity to stock up on your basic needs.

Take stock on what you are eating per month or so. I do it every 2 to 3 months.

In my case for 2 people in a general manner, its 10 pounds of potatoes, 5 pounds of pasta, 10 pounds of rice, 5 pounds of flour, 20 pounds of meat 10 pounds of fish 10 pounds of frozen veggies, about 5 pounds of canned veggies.

I buy spices by the pound and it tends to last 6 months. Salt I generally by 10+ pounds of it because on how I prepare my meat for storage.

Again I have a 7 cqft freezer that was a throwaway. It has saved me over 38 thousand dollars in over 2 years for not going out eating every single day.

Make sure you rotate your stock. Most canned foods will last over a year. Dried foods longer. Frozen is similar as well. I've eaten 2+ year Steak that I prepared well as well as 2+ year Sirloin that had some Freeze burn issues. Contrary to what people say, depending on how bad the freezer burn is you can eat that piece of meat. We old timers know how to prepare that type of situation.

Here is a video of professional talking about freezer burn.


I use the FoodSaver FreshSaver hand held pump with reusable bags Cheap advertisement below


I'm my case the reusable bags lasted me over 12 years if you properly clean and maintain them. My hand held model died after 12 years of use and recently got a replacement.

Here is a picture of 1.5 inch T-Bone Steak Cuts vacuumed sealed before going into the freezer.
steaks.jpg


Again this system works for me. Your mileage will vary of course but I figured I share this on how I store my meat in the freezer. BY the way the meat was meat was marinated for a few hours then slow cooked in the oven @ 170 degrees F to about 45 or so minutes, wrapped in foil. Outside temperature is around @ 130 degrees F when taking out. Rest it for 15 minutes on the cooking sheet that they were placed on... then bag and seal

The cooking method is called a reverse seal. It is an excellent way to have your meat rare/medium rare. This is how I cook me meat after I thaw it out from the Freezer.

When taking it out heat your frying pan to about 400 degree F with Canola oil... add your meat and whatever spices you want it to be on it. I use a lot of butter spooning it while it brown's to taste on one side. Flip it over after a few minutes and brown the other side. Check your heat with a thermometer for how much you want the meat too cook.

Wifey likes it medium rare so again around 130-135 degrees on the meat. Take out and let the meat set for at least 5 minutes before serving. If you cut it early you run the chance of all of the juices running out of the meat which will in the end make it chewy. You will get Medium on the edges of the meat, Medium rare when you go to the center of the meat and more often than not rare by the nearby bone areas.

Yea been butchering/cooking since the age of seven. Different world back then. You know... making that hot dog cooker with 2 nails and some extension cord/plug was great for a 5 year old... OR... making your own fireworks with your Jr Chemistry set... OR BB Gun Fights and LAWN DART.

Yup the age of WHAT DID NOT KILL YOU MADE YOU STRONGER ERA... hahahaha yea I look back and wonder how the fuck I survived that mess.

Anyhow back to the main topic.

Again IMHO I advise a 5 or 6 days of eating in and 1 day of eating out to give you a break on cooking all of the time.

I again IMHO I advise making all of your dishes ahead of schedule. I take 1 to 2 days a week to make up food for the rest of the week.

Again I harp on this because this is one thing you can control yourself. These are the things I was taught by those living through the depression. These are the things that work for me.

If you have been following what I have been stating for months and have prepared as much as you can then things will go so much easier for you down the road. This is how I prepared for any economic down turn.

Because of this site and the knowledge that I have learned (A lot) from this site is the main reason why this old man is giving out these suggestions/comment/opinions on how he was able to succeed. IMHO it is only fair to do so.

Now then next part pretty much states what I have been posting for the past several months. Please note that I do not agree with the man commentating. I just take out the facts and cross check it as much as I can. This goes for everything I deemed worthy to look at.

We are already in a (soft) recession.

So what do I take about this. First of all don't panic. It's not going to help in anything. Think clearly on all of your options available to you before taking action. If I get that feeling that we are really going into the shitter I'll state it so, but right now a lot of the talking point are just politics being played out for the November Elections.

Yes things are expensive and are going to be more expensive that is a forgone conclusion. What I'm doing to protect myself is exactly what I've done in the past. Stock up on food/spices on a regular basis.

Cut back on your spending and yea you can do that like I'm doing. Take full advantage of sales when they come and hopefully ride out what is going to be IMHO another 6 months of questionable Uncertainty as there will be more FED hikes and that will effect the economy.

I just don't think at this moment we are at a moment massive upheaval as some people what this to be. Rough times ahead? Yup. Bad times ahead?

At this moment, Only for the stupid people that have their heads up their asses.

And we all know that there is no real help for the stupid.

So try to relax and enjoy the weekend, I sure am. Got my Steaks ready for cooking. :woo:
 
The ten year yield dropped below 3%.
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What a world. Inflation is claimed to be 8.5% (its higher), and yet people are still piling into treasury notes trading almost 3 times below the inflation rate. Not sure what to make of this, beyond money is assuming the Fed will get inflation under control and we won't be seeing double digit inflation for the next ten years. But if that is to be a thing, monetary policy HAS to deliberately crash the value of assets, and do ruinous increases on Adjustable Interest rates.

This situation is not a good thing IMO. Institutional money is going by the standard playbook as they prepare for a recession. Treasury notes are normally the perfect safe haven as even precious metals and land tend to crash in value in recessions. The problem is the amount of corporate debt borrowed against the faith and credt of the USA has compromised the US governments ability to service these obligations. Especially if Social Security and Medicare are forced to acknowledge reality and demand of the treasury their legally required disbursement requirements.
 
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What a world. Inflation is claimed to be 8.5% (its higher), and yet people are still piling into treasury notes trading almost 3 times below the inflation rate. Not sure what to make of this, beyond money is assuming the Fed will get inflation under control and we won't be seeing double digit inflation for the next ten years. But if that is to be a thing, monetary policy HAS to deliberately crash the value of assets, and do ruinous increases on Adjustable Interest rates.

This situation is not a good thing IMO. Institutional money is going by the standard playbook as they prepare for a recession. Treasury notes are normally the perfect safe haven as even precious metals and land tend to crash in value in recessions. The problem is the amount of corporate debt borrowed against the faith and credt of the USA has compromised the US governments ability to service these obligations. Especially if Social Security and Medicare are forced to acknowledge reality and demand of the treasury their legally required disbursement requirements.
In re: Social security/ medicare
They will probably just tax the shit out of the average Joe even more. I forsee 401K grabs incoming.

S&P down 21% YTD
Dow down 15.88% YTD
NASDAW down 30.34 % YTD
First half 2022 not looking bright fellas.
I just want to highlight this quote from Bloomberg:
US President Joe Biden said Americans will have to stomach high gas prices “as long as it takes” to beat back Russian President Vladimir Putin’s invasion of Ukraine.

“As long as it takes, so Russia cannot in fact defeat Ukraine and move beyond Ukraine,” Biden told reporters Thursday in Madrid, in response to a question about how long high gas prices might persist.
My kingdom for USAID for Ukraine!
 
This might seem sound retarded but the more articles I keep seeing MSM articles about how "the economy is collapsing and to pull out" the more I'm tempted to jump back in more.
A friend of mind recommended some of the rich dad poor dad series and after listening to some of them, there some points that I agree with, a few I thought where dumb or outdated, but the biggest thing that has been sticking with me has been the idea that;

Most financial advice is nothing but a sales pitch.

The author used it to grill mutual funds and anyone who invest based on something along the lines of "the market averages x% a year so keep putting in money and invest for the long term", but I'm starting to wonder if the same could be applied to other "financial advice"
Granted I still overwhelmingly see things like "don't sell your shares" or "buy the dip before it goes back up" in articles and I don't think it might be a good idea to blindly go right if an article says go left. But I'm probably gonna start disregarding articles/opinion pieces if to back up their point they trot out some dumb reasons that sounds like it should be in a informercial.
 
This might seem sound retarded but the more articles I keep seeing MSM articles about how "the economy is collapsing and to pull out" the more I'm tempted to jump back in more.
A friend of mind recommended some of the rich dad poor dad series and after listening to some of them, there some points that I agree with, a few I thought where dumb or outdated, but the biggest thing that has been sticking with me has been the idea that;

Most financial advice is nothing but a sales pitch.

The author used it to grill mutual funds and anyone who invest based on something along the lines of "the market averages x% a year so keep putting in money and invest for the long term", but I'm starting to wonder if the same could be applied to other "financial advice"
Granted I still overwhelmingly see things like "don't sell your shares" or "buy the dip before it goes back up" in articles and I don't think it might be a good idea to blindly go right if an article says go left. But I'm probably gonna start disregarding articles/opinion pieces if to back up their point they trot out some dumb reasons that sounds like it should be in a informercial.

Just keep DCAing, especially now with a 20% discount.

Ignore the financial noise of retards who think they can predict the stock market. They're just that, retards.
 
This might seem sound retarded but the more articles I keep seeing MSM articles about how "the economy is collapsing and to pull out" the more I'm tempted to jump back in more.
A friend of mind recommended some of the rich dad poor dad series and after listening to some of them, there some points that I agree with, a few I thought where dumb or outdated, but the biggest thing that has been sticking with me has been the idea that;

Most financial advice is nothing but a sales pitch.

The author used it to grill mutual funds and anyone who invest based on something along the lines of "the market averages x% a year so keep putting in money and invest for the long term", but I'm starting to wonder if the same could be applied to other "financial advice"
Granted I still overwhelmingly see things like "don't sell your shares" or "buy the dip before it goes back up" in articles and I don't think it might be a good idea to blindly go right if an article says go left. But I'm probably gonna start disregarding articles/opinion pieces if to back up their point they trot out some dumb reasons that sounds like it should be in a informercial.

Just put your money in a broad-base ETF/investment fund. You'll beat stock pickers, cryptotards and doomers 99% of the time.

A handful of people get rich quick from getting in and then back out at the right time on the latest meme stock but putting any value on their advice is idiotic because they just got lucky. Berkshire Hathaway has outperformed the S&P500 most years since its inception and Warren Buffet still says that the best investment is something that tracks the S&P500 because the returns are more predictable and overall the market is always growing.
 
Just keep DCAing, especially now with a 20% discount.
Just put your money in a broad-base ETF/investment fund. You'll beat stock pickers, cryptotards and doomers 99% of the time.

A handful of people get rich quick from getting in and then back out at the right time on the latest meme stock but putting any value on their advice is idiotic because they just got lucky. Berkshire Hathaway has outperformed the S&P500 most years since its inception and Warren Buffet still says that the best investment is something that tracks the S&P500 because the returns are more predictable and overall the market is always growing.

No offence but this is kind of what I was talking about sales pitch.
it easy to say that the market goes up an average of say 8-10% a year over the course of say 40 years, but that doesn't mean every year it goes up by that amount or even go up at all as we saw with the Dotcom Crash, the Subprime Crisis, and unless the markets gains over 20% in the next 5 months, this year. Anyone here know about the 20 /10 /5 cycle that no "real investor" believes in but is always aware of to an extent. (hell supposedly Buffet was buying more silver then stock during the late 90s when everyone and their mother where buying in to the newest tech IPO)

However I'm not saying DCA or ETF/investment funds are bad since I do/ invest in both, But I will argue that you should at least skim through some of the details about an ETFs before blindly throwing in money and hoping that the past 5-year gain also represents the future 5 years. And DCA works best with cashflow stocks/funds you plan to hold forever over ones you plan to sell when you 10x or something, which is why I'm starting to eye some of the aristocrat stocks and maybe a few REITs and BDCs depending on when they can't stop denying everything is fine and declare a recession.
 
Just keep DCAing, especially now with a 20% discount.

Ignore the financial noise of retards who think they can predict the stock market. They're just that, retards.
Pretty much this.

Now I have stated in the past of my portfolio, which is still the same at this moment is 60% income investments such as property, buildings, and real estate. 30% CASH and 5% Stocks.

Now Guess what type of Stock I chose late last year...
It was not Tech. Nor commodies, though still thinking on that one... but Energy Stocks.... OIL stocks.

I chose them because I did my research and took a conservative gamble. So far so good. It's overall not much, but again, any Positive Wealth, by many different revenue streams IMHO is the best way to go. It is always better to be in the Blue than in the RED when it comes to money that is.

Again do your research on anything you invest into.


Next I stated in the past I would buy a Dual Fuel Generator. Well It came in early so I'll start to work on it starting tomorrow. It is a rebuilt done by the company's factory and comes with the same warranty as a new one for $150 less.

We will see how good this is But this is a 5300 watts per hour rating. Considering that I use under 15KW hours a day, well that's overkill. Even with the 20+% increase in cost, My utility bills was around $105 last month. I got it because if there will be brown outs in my area I can help out my Next door neighbor too.

There are also methods of not running your generator 24/7. If you got a chest freezer you can get away with not using electricity every 3 to 4 hours in my region where I live and the refrigerator every 2 hours. This is what you have to do if you are having long term brown out issues.

Hopefully in the future I'll do a review on what I purchase.
 
Ignore the financial noise of retards who think they can predict the stock market. They're just that, retards.
Its not very hard right now, everything is going to shit for atleast a couple of months...

There are also methods of not running your generator 24/7. If you got a chest freezer you can get away with not using electricity every 3 to 4 hours in my region where I live and the refrigerator every 2 hours. This is what you have to do if you are having long term brown out issues.
just get some solar. you can get it pretty cheap if you use ghetto setups.
 
Source unknown. Not sure if accurate but just drink orange juice instead of starving citrus greening gonna ruin that one in a few years too LOL.
That being said... Coconut and walnut milk have decreased in price in my local store....
 
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