Even a broken analog clock is correct 2 times a day.
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Millenials wouldnât know the difference.
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I never thought Iâd say this, but even before todayâs news 2yr T-Bills and Money Markets were looking juicy starting next week, now theyâre looking a little spicy.
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3.75% letâs you halve inflation. I guess better then nothingâŚIâm getting like 2.5% now on my money market account. Def looking to roll that into something better soon.
The propaganda number was the interest rate from 2018-2020, and now weâre paying for that too.
That poor German robot shovel didnât have to die that way.
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Donât disagree there but we canât let the current set of movers and shakers forget that they too are pathological liars when it comes to the effect of their absurd and reckless monetary policy and pork filled omnibus bills.
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All that spending is also inflationary, just on a slightly slower/longer time scale. And whatâs hard to imagine - unless you lived through it last time - is it crowding out other spending. QT would need to actually happen before anyone feels that, but if it does / they likely will. Iâll take run-away inflation over crowding out again.
In the past all these down days get propped up the next 3 days or so by so called âvalue investorsâ. We still have a lot of pain to come.
The last time stocks dropped this much the world was shutting down. This week should be very interesting.
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Trend is like 9-10k on NQ. The mean reversion is gone be epic lol
Iâve been investing in stocks for 20 years. Itâs been very simple. SPY, QQQ, DIA. With a little gambling here and there in options. But the vast majority of the Boomba retirement fortune is in those 3 SPDRs. And this is the important partâŚDO NOT PANIC SELL!! I havenât sold a dime since I started. Nice and stead, dollar cost average, donât panic sell, (also donât panic buy by chasing fads). Do that for a few decades and youâll retire happy.
Also invest in real estate. Long term you have to really try hard to fail.
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The funny thing is a lot of the nasdaq besides the heavy hitters are down 50%+ already. Itâs such a hustle. Thatâs why I get in and out. My long holds in my retirement are divi large caps and energy. It could get really ugly, if nasdaq falls another 50% all the unnecessary tech jobs will be axed, as most companies arenât profitable, and consumer spending will be in the toilet.
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Yeah another nasdaq crash is of course going to happen. And then it will soar 200% again. Then crash. The soar. Forever and ever. I just dollar cost average into it and donât worry about any one swing.
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This is hilariousâŚ
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Dumb and dumber
I am little worried about the all this debt thatâs in the system. The US simply does not have enough money to even pay off the interest on its debt. The outstanding US debt is $30T
You can checked it out at https://www.cbo.gov/publication/58340
https://usdebtclock.org/
$4.8T in taxes - $3.7T in entitlements/obligations - $800B in defense spending = $300B for interest expense
We current owe $400B in interest annually. $300B - $400B= -$100B
The debt is maturing and we will need to refinance. If we rolled over the debt at only 3%. The interest payment on $30T loan is $1T. Thatâs not good.
Hereâs a thread from Twitter talking about it:
https://twitter.com/jameslavish/status/1562078782453792768?s=21&t=q-dug00aXcfM8OxkwMfe6Q
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I personally think the problem we are facing today are the consequences of the decisions made decades ago. Ex. The Bretton Woods Agreement, US defaulting in the 70s, Nixon taking us off the gold standard, etc. Theyâve been kicking the can down the road for a long time. I almost feel bad for the officials today but some of the officials are so old that they were there when these decisions were made.
are you familiar with modern monetary theory?
If you mean Keynesian Economics, I sure do!
The crux of my post above: QE infinity.
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