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October 5, 2022 at 1:51 PM in reply to: Krugman: interest rates would return to virtually nothing once the inflation fight is over #826776The-ShovelerParticipant
IMO FED moving way too fast, once this starts going south it’s going to snowball in a hurry.
Anyway just my opinion
October 5, 2022 at 7:39 AM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826770The-ShovelerParticipant[quote=an]CD rate doesn’t make me salivate as much as the inflation rate. Transitory, right?[/quote]
Sooner or later the feds got to pivot,
IMO buying long dated treasuries may really pay off at that moment.
just my thoughts.
October 4, 2022 at 10:39 AM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826753The-ShovelerParticipantEveryone’s seems to be telling the fed to “STOP!!!”
Stock market seems to think fed’s going to listen.
The-ShovelerParticipantWow did not expect SG Gas to be that high,
A buddy of mine who moved to TX several months ago was saying it was $2.79 and dropping in TX.
The-ShovelerParticipantHow much is Gas in SG?
The-ShovelerParticipantLOL capitulation may look very different this time.
Will it be the fed, or the market
We will see I guess.
The-ShovelerParticipantI suspect with rents as high as they are maybe a lot less distressed sales (definitely nothing like 2008-11)
The economy has not really started printing recession numbers quite yet, But it does look like my theory that TPTB will do almost anything to avoid recession may be proven wrong. We will see soon probably.
The-ShovelerParticipantIMO Most long time home owners in SD either own outright or have mortgages in the 3’s possibly 2’s So they won’t be going anywhere soon IMO, sure there will be a few “must sell now”, but at some point the housing inventory will approach zero if current trend continues.
The-ShovelerParticipantLOL have fun on the course.
IMO inflation now is mainly being caused by Millennials and gen-Z’s coming into the age of household formation etc…
I fail to see how fed raising rates is going to stop that but what do I know.
IMO fed raising rates right now is just an exercise in economic pain, it won’t cause more homes to be built etc…
Sure the FED can artificially cut demand (but in this case not true demand), but is anyone thinking how to stimulate supply?
The-ShovelerParticipantNow All Restaurants are Taco Bell
The-ShovelerParticipantUncertain times to be sure.
IMO TPTB can’t seem to make up their minds, do they want to reduce inflation or increase it?
Now they want $22 hour min wage for fast food (45K/year for high school kids LOL not bad money to start).
Not sure maybe part of some plan I can’t figure it out or maybe TPTB can’t seem to stick to a theme LOL.
The-ShovelerParticipantI think I have to go with gzz on this one,
IMO the era of everybody needs to get a degree is about over.
August 29, 2022 at 10:49 AM in reply to: Megadrought Threatens California Power Blackouts This Summer #826644The-ShovelerParticipantIMO time for geo engineering,
I have long advocated for it, even if USA were to completely go green how do you get the rest of the world on board when 80% of the world is living hand to mouth. So IMO geo engineering is only real option.
The-ShovelerParticipantIf gov gives 10K student debt relief, IMO tuition will most likely just go up 10K more a year.
Same for EV, they will just go up 7K more.
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