I did get targeted today with another $750 chase biz checking mailer for $20k deposit. I just hate these slow returns. 3.75% return over 3 months just feels so insignificant. We’ve fallen so far.
If they’d give me 75k UR, then we’d be talkin’
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Good thing about the Citi bonus is they are typically 60 days. Also tried to open one the other day as I passed the 180 day churn period but technical issues happened b/c Citi…try again tomorrow.
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Chase and Citi don’t allow these bonuses for current account holders correct?
They’re new money bonuses for retail banking customers. If you only have a Chase/Citi credit card, you may be eligible. If you have a checking/savings account, you are not. You are also not eligible for a bonus if you previously had one within a certain period of time (18-24 months).
I just bought wheel & tire coverage for all of our vehicles!!!
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that’s not true in today’s market. the massive rise in prices is not about collectors but resellers and flippers turning them into investment vehicles. once the money starts to dry up prices will start to fall. yes the uber rich cunts will still buy but it’ll be more like the old days.
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This. Same thing goes for specialty cars. I watched the same 991.1 GT3RS play hot potato for months as it consecutively moved to 3 different dealers with a significant price bump each time.
Rising interest rates are going to a huge catalyst in the next 6-12mo…and that’s on top of everything else.
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I would contend the opposite re lux vs poor. There will always be some baseline demand for Honda civics and McDonald’s cheeseburgers. 20k watches and 200k cars if we continue to severely tighten monetarily ? Not so much.
Asset prices are gigantically propped which are mostly owned by the rich, the same who benefited the most from recent inflation. It will contract in same way and the same group will feel the pain.
Typically it’s pretty rare to see bonus offers for existing clients of a bank. The Chase Business one can typically be done as a “sole proprietor” even if you are a Chase personal customer.
While their are about 10 sites that track bank account bonuses, this is the one I think is the most objective / free from bias / and is a forum with user generated comments similar to LH, on the experience they had with a certain bonus.
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I personally think we are in a recession right now, just a waiting game on when they the overlords will officially announce it.
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I am curious as to who the Feds think they’re fooling. The Feds have officially announced that their main goal is to combat inflation. Has anything gone down? Also look at equities, bonds, and prices and that’s after ONE fed hike? And they’ve announced they plan to do many more? LOL
Edit: spelling
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They’re probably thinking anything short of a 08’ crash is a “soft landing”
Monetary policy takes 6-24 months to wash-through the economy – traditionally 18-ish is the magic number. Some fiscal policy can take affect sooner (ARRA HR1 Unemployment benefits extensions moved some indicators within 1 quarter, in a scenario where you can get almost dollar-for-dollar on stimulus), but typically 12-24 months. What you are probably feeling is the heroin withdrawal of the PPP/COVID stimulus, slightly abated by the methadone of the Infrastructure Bill.
The stock market isn’t the economy, it’s a leading indicator, which should instantaneously reprice assets based on commodity price increases (if they produce goods), and/or bonds (when the cost of capital goes up, the value of growth stocks drop).
All the Fed can do is make capital more expensive[1] by changing the overnight lending rate to member banks, and hope that deflates asset values and/or reduces demand. We’re still in a supply shortage, with too much demand, with a combo of too much cash and too confident to spend it. Either the producers need to increase supply on their own, or fiscal policy needs to make it more attractive for them to increase supply.
[1] the Fed also has trillions in mortgage and corporate debt they should never have bought during QE, and claim to be unwinding, but as recently as last night aren’t really. Selling these off could cause them to drop in value (transaction price, coupons and redemption value wouldn’t change), but could also cause their prices to go up, which is a bit untethered because usually we can predict the cost of a bond based on the direction of rates
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Equities, bonds, are all tied to the currency and that’s main issue being the currency is being debased in real time.The Fed will not be able to finance the economy if they continue to go down this past, ie., there will be massive defaults. Debt is the highest it’s ever been since WWII. There’s a dual problem they need to solve solve. 1. High Inflation 2. Lots of debt in the system.
It will be only a matter of time until brrrrrrr
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The dollar is obscenely strong right now. 
When someone starts a sentence “the Federal reserve is…”, after any and all joke answers, the first thing you think of should be “the lender of last resort”.
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The best barometer for a recession is to go to the local strip club and chat with 5-7 gals. It’s a fun field trip
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I feel like I saw this in the big short
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Sure, for now! 
Fed target rate is around 3% I believe for 2023. We’ve only had ONE fed hike and they said they want to do TEN in total. They. Are. Lying.
What do you mean, it’s only going to get stronger
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Or Great Depression but scaled for the modern times.