Anyone Afraid Of Inflation?

[Over70irregs]

To be honest, I think I’d like to see 80% of the folks default on credit cards. I sure it’s be horrible, but banks built this disaster.

Maybe they’d lean in and slash rates? Sure folks signed onto the 26% interest rate, but maybe it’s time for the top to line up for the haircuts.

If there is no manufacturing and the push for $ making denominated in higher rent, debt expansion is the nightmare that will not stop.

 

[Over70irregs]

Cut back, live simple.

Deprogramming or cold turkey?

 

[Wally]

Deprogramming or cold turkey?

People don't realize how much they spend.

 

[Over70irregs]

People don't realize how much they spend.

My daughter asked for a CC. I used it to build her credit. I didn’t give it to her.

 

[Over70irregs]

Michael Burry posted this? Anyone explain?

 

[Jones]

Michael Burry posted this? Anyone explain?
View attachment 417164

Something "broken clock" something something

 

[IVE GOTTA PACKAGE 4U]

My daughter asked for a CC. I used it to build her credit. I didn’t give it to her.

You could put her on as authorized user and it will still help build up her credit

 

[Up In Smoke]

Looks like a chart of the S&P performance laid over the fed funds rate for 2001 and 2002

 

[Wally]

Looks like a chart of the S&P performance laid over the fed funds rate for 2001 and 2002

For what reason? He recently told everyone to sell, a big downturn is coming.

 

[Up In Smoke]

For what reason? He recently told everyone to sell, a big downturn is coming.

What's his record on anything? Show us your 5, 10 and 20 year performance. Believe none of what you hear and half of what you see.

 

[bbsam]

For what reason? He recently told everyone to sell, a big downturn is coming.

I heard somewhere around 26000 is expected.

 

[Over70irregs]

You could put her on as authorized user and it will still help build up her credit

Yeah that’s why I held onto it. She will have to get her own.

 

[Over70irregs]

I heard somewhere around 26000 is expected.

-Adam Keisel

When the Fed finally does start cutting rates it's usually not for a good reason. It's because the economy is going down the crapper. Too many new investors think Fed pivot = Market higher. When the Fed shows up with water it's usually because there's a fire.

 

[Up In Smoke]

-Adam Keisel

When the Fed finally does start cutting rates it's usually not for a good reason. It's because the economy is going down the crapper. Too many new investors think Fed pivot = Market higher. When the Fed shows up with water it's usually because there's a fire.

Exactly what happened in 2018. The Fed's read on the economy said rate hikes could be handled, but within months turned tails and cut rates.

 

[Over70irregs]

Update update update 2023

 

[Wally]

Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices

Walmart on Tuesday reported strong sales and profits last quarter but said that times would be tougher this year, a

dnyuz.com

 

[IVE GOTTA PACKAGE 4U]

‘100% a recession. McDonald’s is $15 a meal right now': Server speculates whether empty restaurant in January is a sign of a recession

'Idk what's happening it's never been this bad.'

www.dailydot.com

 

[Wally]

‘100% a recession. McDonald’s is $15 a meal right now': Server speculates whether empty restaurant in January is a sign of a recession

'Idk what's happening it's never been this bad.'

www.dailydot.com

$15 for a combo? Total rip off.

 

[IVE GOTTA PACKAGE 4U]

$15 for a combo? Total rip off.

That's what happens when you pay people 15 $20 an hour for minimum wage jobs

 

[IVE GOTTA PACKAGE 4U]

https://www.cnn.com/2023/02/21/business/home-depot-earnings-hourly-pay/index.html