Where do you rate current US economic conditions?
derryb
Posts: 36,847 ✭✭✭✭✭
And feel free to include the DEFCON level you foresee at year's end.
Natural forces of supply and demand are the best regulators on earth.
Where do you rate current US economic conditions?
This is a public poll: others will see what you voted for.
3
Comments
DEFCON 4 by year's end.
Why is DEFCON 1 worse than DEFCON 5? Seems it should be the other way around.
Natural forces of supply and demand are the best regulators on earth.
Will change my opinion after the midterms...
MY VOTE WAS CHANGED TO THE OPPOSITE OF MY UNDERSTANDING OF THE DEFCON SYSTEM. Which poling company is running this show? I hope it isn't Dominion.
I knew it would happen.
I'm looking to 'shift' some dollars, but not dump.
The market beatings today appear to be including nearly everything. Where is one to go?
I'm positioned the way I wanted to be positioned, and I have adequate US dollars set aside, but no more than a somewhat serious medium-sized, medium-duration emergency would require.
I might go solar, If I'm forced to go that route. If I had stocks or bonds, I'd be tiptoeing out of them as expeditiously as possible, so I'd prefer cash over stocks & bonds at least.
I knew it would happen.
Which is the closest to not a damn thing.
shifting from dollars IS dumping dollars.
Natural forces of supply and demand are the best regulators on earth.
I'm converting some of my coin collection to gold...
Click on this link to see my ebay listings.
Leprechauns riding unicorns jumping over rainbows. Haha
Opportunities abound.
Knowledge is the enemy of fear
CASH REMAINS KING.
I do not see an option.
Place your bets and throw the dice.
King cash is "Transitory." When investors get over the fear of falling financial investment prices and realize the FED can't and will not fix the inflation problem there will be a massive rush from hoarding dollars to buying affordable real/hard assets (i.e commodities). PMs will benefit greatly once the curtain is pulled back on the FED's desire/ability to attack the inflation problem.
Natural forces of supply and demand are the best regulators on earth.
CASH REMAINS KING.
I do not see an option.
At least you didn't say stocks & bonds.
I knew it would happen.
Well …. there is no better place to escape except bullions and the train have left the station 🤔
How about DOLLAR AVERAGING and continue BUYING into THE DIP?
Good Luck!
PMs are a bargain if the FED does not gain control of inflation. Not gonna happen. Raising rates to reduce demand that will result in lower prices can only work temporarily. That new money will remain out there ready to pounce and drive prices up once again. The only real way to cure inflation so is to suck the new trillions of dollars (the root cause of current inflation) out of the system and burn them.
Does anyone here think the FED can pull it off? Those hoarding dollars have faith. Those buying PMs disagree. I'm buying PMs.
Natural forces of supply and demand are the best regulators on earth.
Two trillion in crypto has been burned. Another 10 trillion in equities. Looks like the Fed is doing a good job
Knowledge is the enemy of fear
Value of the portfolios got burned, not the dollars that funded them. The dollars involved in both instances are still in existence; they just moved on elsewhere. Removing value does not "burn" dollars no more than an increase in value "creates" dollars. "Burned" dollars have been parked elsewhere, mostly on the sideline until the dust (fear) settles.
Natural forces of supply and demand are the best regulators on earth.
You went away for 3 years and the discussion remains the same. Come back in another decade and I can pretty much guarantee you will hear the exact same conversation. RGDS!
The whole worlds off its rocker, buy Gold™.
So where they move to?
Knowledge is the enemy of fear
I voted 5, though if no effective action in the next few weeks, it will be 3. Cheers, RickO
Economic and political situation currently is as poor as I can remember in the last 50 yrs. Several years ago I sold my 18th and 19th century type and moved to 'collectible' bullion as close to spot as possible. 90% unc, ms64/5 saints, ten libs and indians in 63 and some two & half's and 5's.
They've had their run. For now.
I'm very concerned about uncontrolled inflation. If they kill the economy to contain inflation, we're up the river without a paddle.
The only way to really outrun inflation is to invest in companies that will outrun inflation with growth. Please PM me if you find one.
Commodity ETFs are likely your best bet.
Natural forces of supply and demand are the best regulators on earth.
Have we mitigated the pandemic that has interrupted global economies for two years? Has China?
Is our production beginning to ramp up? Is China's?
Is employment available? Are wages rising or falling?
We're seeing inflation for the first time in 30 or 40 years.
Is the sky falling? Not for me it's not.
--Severian the Lame
You'll find out soon enough that this is ohhh so true and the world 🌎 knows USD is just so.
Thanks DB. I can't pin my hopes on an ETF.
Say copper, it's crested. Same with aluminum. My next door neighbor has the largest recycling yard in southern California. He recently cleared out his copper back load and sold off two four story piles of aluminum. He knows things I don't. Lynn doesn't sell one pound of anything until it is time.
I haven't been worse off than right at this moment.
Life goes on. The NetWorth column continues to increase although I don't feel any better off than 15 years ago. Many call it "life in the gutter" after all digits on a spreadsheet don't mean much,,,,,in the real world anyway. LOL RGDS!
The whole worlds off its rocker, buy Gold™.
I'm going to do what I can to not be in defcon 1
Thinking of raising funds to get ready to open positions in stocks like PYPL, NFLX, AMZN, MRNA
This economy is not indirectly affecting my coin hobby, it's "DIRECTLY" affecting my coin hobby!!
Any questions??
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
That is an extremely clean toilet so I call fake news as I am sure whomever took that stock photo for alamy fished out those Benjamins
But you get my point!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Thanks for sharing that with us.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
My toilet is always that clean and I wipe my ass with $100’s. I don’t get the joke.
The COVID shutdown was an intentional controlled destruction of our economy.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
None of the above.
I'm personally fine, but several of the folks that come in to sell are now struggling. A year or so ago, several people that used to come into sell, didnt come, as they were swimming in fee money. Even bragging at times, some folks bragged on getting covid loan money they didnt have to pay back. Several reports I heard that they even bought boats, cars, mountain cabins etc. (Govm't should of done a better job of how that money was dispersed)
Now, for many that money has evaporated and they are coming into sell again talking about gas, food prices, rent, etc. being too high. also, several of the newbies who had jumped onto the silver & gold market the past year or so waiting for the big rise, are actually cashing in, tired of waiting, when they can now use the funds elsewhere.
Today's opening down 600 points!!
I'm getting crushed!! My 401k is now 201k!!
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
This is the economy in 3D! *
3D: Democrats control all 3 branches of government
Loves me some shiny!
Not true. There are three branches of government---Executive, Legislative, and Judicial. The democrats only control the first two.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Markets have a long way to go before they bottom. Between stocks dropping, housing coming to a crashing halt (housing makes up 20% of the economy), gas/energy prices going doubling, continued interest rate hikes of 50-75bps in 2022, things are getting more expensive really fast. Layoffs are increasing and consumer spending will evaporate (per Barclays, its already started).
Buckle up and keep some cash handy to buy up healthy companies with real earnings when they seem attractively priced to you: MSFT, HD, AMD, ENPH, XOM, CVS and RTX to name a few.
Luckily my wife and I have stable jobs and are financially sound, so the increased consumer prices and stock market dropping hasn't had much affect on us at this point. I feel awful seeing neighbors struggling to pay heating/electricity/food bills.
Keep in mind that higher rates don't directly attack inflation, they attack the debt that consumers can acquire which lowers demand and thus prices. When higher rates sink the economy and Washington decides its time for more free money, the higher rate attempt will have been in vain. These people are pulling at straws. If they knew what the were doing they would not have created inflation in the first place.
Natural forces of supply and demand are the best regulators on earth.
increasing net worth in the last 9 months is quite the feat....you must either have a lot of real estate, no investments in the stock market, or be shorting everything lol
Or buying a shitetonne of oil and every other commodity stock up until 2-3 days ago. LULZ!
The whole worlds off its rocker, buy Gold™.
True. If that’s all or most of what you have. As long as commodity isn’t silver lol
LOL, you're preaching to the choir brother!
EDIT: When I say commodity I'm stuck in what people actually use to live by, be it wheat, oil, natural gas, pork bellies, soybeans, aluminum. lead, etc. Silver and even it pains me to say GOLD (my first love) were once considered "relevant" commodities. It appears not so much in the sheeples year of 2022.
The whole worlds off its rocker, buy Gold™.
This is obviously a topic that comes with strong feelings. Please try to keep the rules regarding language and politics in mind so that the thread can remain open. Thank you.
And KBA is looking up the next couple of quarters.