dow jones

Thebrownblob

Well-Known Member
Woo!

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Up In Smoke

Well-Known Member
All our accounts were transferred from TD Ameritrade to Charles Schwab on June 1st, so our full year returns are an algebra equation I'm not willing to solve. Because I mostly trade in options, the first two thirds of the year were more profitable than the back third. The cost of premiums lost take away from the last 2 month's run-up.
 

oldngray

nowhere special

bbsam

Moderator
Staff member
He's wrong most of the time...
This is kinda interesting. If a recession isn’t coming, what is? The non Wall Street economy seems out of whack. Average home price is $481,000. Average car is $45000. Automotive defaults are at an all time high and interest rates across the board are up.

In a largely consumer driven market, how does anything reset?
 

vantexan

Well-Known Member
This is kinda interesting. If a recession isn’t coming, what is? The non Wall Street economy seems out of whack. Average home price is $481,000. Average car is $45000. Automotive defaults are at an all time high and interest rates across the board are up.

In a largely consumer driven market, how does anything reset?
I'm watching YouTube videos about the "lag effect" and how it can start a deflationary spiral. They seem pretty certain this will kick off in '24 and we could be facing an extended depression.
 

bbsam

Moderator
Staff member
I'm watching YouTube videos about the "lag effect" and how it can start a deflationary spiral. They seem pretty certain this will kick off in '24 and we could be facing an extended depression.
I don’t know how else it could go. Even if interest rates drop back to near zero, the average American can no longer afford the average American lifestyle. Probably hasn’t been able to for quite some time aside from “cheap” credit.
 

vantexan

Well-Known Member
I don’t know how else it could go. Even if interest rates drop back to near zero, the average American can no longer afford the average American lifestyle. Probably hasn’t been able to for quite some time aside from “cheap” credit.
Pretty much a house of cards for most people these days. Just a matter of when.
 
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