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  1. #76
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    Just curious and polling.
    Debt free so no. I'm earning 2.75% on my cash account so that's a nice change.

    As far as investments, I sold all my longs about 2 years ago. Swinging in 2021 was good and 2022 has been great. Mostly from Occidental Petroleum, Buffet putting a floor on it has made it the easiest swing trade ever. Total return up to 143% realized gain not counting this week's action. Taxes are gonna be ridiculous but whatever.

    My advice remains the same...
    https://www.spurstalk.com/forums/sho...e#post10469897

  2. #77
    Mr. John Wayne CosmicCowboy's Avatar
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    it auto corrected on my phone and I didn't catch it. Thanks. I typed basis.

  3. #78
    Kang Trill Clinton's Avatar
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    Sorry to hear that man. we'll bounce back though tbh
    I was bull ting lol. I still got the diamond hands.

  4. #79
    The Timeless One Leetonidas's Avatar
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    I was bull ting lol. I still got the diamond hands.
    Good to hear

  5. #80
    Believe. MultiTroll's Avatar
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    Evil SEC and it's amoral little prick leader Monty Burns, aka compromised Gary Gensler




    Are phucking with my XRP/Ripple investment. But I still plan on coming out on top Mid 23 or whenever their bogus lawsuit gets tossed.

  6. #81
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    oligarchy's ATM the Fed wants to kill 2 - 3 M (low end) jobs, 5-6% unemployment

    It's like Repugs invading innocnet but oil-rich Iraq to punish Taliban/Afghanistan

    Fed Critics Say New CPI Data Shows Rate Hikes Can't Stop 'Rampant Corporate Profiteering'

    "The Fed's overly aggressive actions are

    shoving our economy to the brink of a devastating recession," said one economist.


    https://www.commondreams.org/news/20...pant-corporate

    The Fed, rigged like the rest of the economy for Capital against Labor, punishes innocent Labor, while ignoring, protecting guilty Capital.

    Last edited by boutons_deux; 10-13-2022 at 04:55 PM.

  7. #82
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Tell that to the tens of millions that have no clue how this works. And even if they did, they don't have the financial means to offset it in the market.

    Wait...you were being sarcastic I'm guessing.
    I'm talking to those that do have the means, yet they complain as this wasn't being telegraphed for months.

  8. #83
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    I wouldn't be surprised if they did 100 basic points in November. 30 year mortgage rates are about to blow through 7% with no end in sight. Housing market is gonna take a big dump in 2023.
    That's just being melodramatic. Of course there's an end in sight, that's why it's being done in the first place. Once the economy cools off some and inflation is back to the usual ~2% annual, we'll resume as usual.

  9. #84
    Mr. John Wayne CosmicCowboy's Avatar
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    That's just being melodramatic. Of course there's an end in sight, that's why it's being done in the first place. Once the economy cools off some and inflation is back to the usual ~2% annual, we'll resume as usual.
    I have seen this before. The first house I bought when I was 22 I paid points to buy the interest rate down to 14%.

  10. #85
    Mr. John Wayne CosmicCowboy's Avatar
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    Also been through France style gas shortages. Remember getting in 1/2 mile lines to fill up on "my day" to get gas. Sadly my daily driver at that time was an L82 Vette that got like 11 miles to the gallon on a good day if I was careful not to romp and stomp it.

  11. #86
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Also been through France style gas shortages. Remember getting in 1/2 mile lines to fill up on "my day" to get gas. Sadly my daily driver at that time was an L82 Vette that got like 11 miles to the gallon on a good day if I was careful not to romp and stomp it.
    Thankfully we have other options now...

  12. #87
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    You know the Fed is going to increase rates again. If you get caught with your pants down, it's on you...
    Thatís beside the point. Of course the fed is going to raise rates. The issue isnít whether or not thereís going to be another hike. The issue is whether the fedís doing so is warranted. Thereís a volume of data and a slew of experts who have called the fed out for not paying attention to accurate data (lol opinion surveys) and whether itís even in a position to affect supply-side issues ó which have an actual nexus to inflationís cause than the ham-fisted use of interest rates to tamper demand.

    CC is right to (at least indirectly) criticize the fed. No one can credibly argue that it hasnít completely ed this situation up.

  13. #88
    dangerous floater Winehole23's Avatar
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    That’s beside the point. Of course the fed is going to raise rates. The issue isn’t whether or not there’s going to be another hike. The issue is whether the fed’s doing so is warranted. There’s a volume of data and a slew of experts who have called the fed out for not paying attention to accurate data (lol opinion surveys) and whether it’s even in a position to affect supply-side issues — which have an actual nexus to inflation’s cause than the ham-fisted use of interest rates to tamper demand.

    CC is right to (at least indirectly) criticize the fed. No one can credibly argue that it hasn’t completely ed this situation up.
    "the only way to tamp down inflation is to crush demand and increase unemployment"

  14. #89
    Veteran vy65's Avatar
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    "the only way to tamp down inflation is to crush demand and increase unemployment"
    That’s what the fed is doing. It’s literally looking for a rise in unemployment to start backing off rate increases. This is a particularly stupid take.

  15. #90
    dangerous floater Winehole23's Avatar
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    That’s what the fed is doing. It’s literally looking for a rise in unemployment to start backing off rate increases. This is a particularly stupid take.
    I think we're in agreement here.

  16. #91
    dangerous floater Winehole23's Avatar
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  17. #92
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Thatís beside the point. Of course the fed is going to raise rates. The issue isnít whether or not thereís going to be another hike. The issue is whether the fedís doing so is warranted. Thereís a volume of data and a slew of experts who have called the fed out for not paying attention to accurate data (lol opinion surveys) and whether itís even in a position to affect supply-side issues ó which have an actual nexus to inflationís cause than the ham-fisted use of interest rates to tamper demand.

    CC is right to (at least indirectly) criticize the fed. No one can credibly argue that it hasnít completely ed this situation up.
    The 'slew of experts' opinions is no better than the Fed's opinion. Uncontrolled inflation is possibly the most damaging aspect to any economy. It can easily be compared to a regressive tax, which ends up hurting the poor the most. It liquifies salaries. Not to mention all the collateral that comes with losing trust in the value of the currency.

    Whether the Fed can affect supply-side or not is immaterial: the Fed has monetary policy as a tool to, at the very least, attempt to mitigate inflationary trends, and it's a tool they'll use (which isn't novel either). It might not be pretty, but arguably it's the only lever they have to try to do something about it.

    Monetary policy failed was when we were in deep recession (back in '08), and you couldn't bring interest rates below 0. This is how we ended up with things such as QE.

  18. #93
    dangerous floater Winehole23's Avatar
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  19. #94
    Veteran DarrinS's Avatar
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    We're about to find out about how Americans feel about Biden's economy.

  20. #95
    Veteran DarrinS's Avatar
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    I'm changing retirement plans because of this cluster .

  21. #96
    dangerous floater Winehole23's Avatar
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    We're about to find out about how Americans feel about Biden's economy.
    Presidents don't control macroeconomics.

    There's been a lot of continuity from Bush to Obama, Obama to Trump and Trump to Biden. The mess we're in has been brewing for 15-20 years. Bill Clinton era financial innovations deserve some credit too, but the lion's share of the risk/fragility was caused by QE and ZIRP.

  22. #97
    Veteran DarrinS's Avatar
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    President's don't control macroeconomics.

    There's been a lot of continuity from Bush to Obama, Obama to Trump and Trump to Biden. The mess we're in has been brewing for 15-20 years.

    Absolute bull

  23. #98
    Take the fcking keys away baseline bum's Avatar
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    We're about to find out about how Americans feel about Biden's economy.
    I'm sure Biden is to blame for the UK's 10% inflation too amirite?

  24. #99
    dangerous floater Winehole23's Avatar
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    how so?

  25. #100
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    We're about to find out about how Americans feel about Biden's economy.
    How so?

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