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Don't say I didn't warn you

Steeltime

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Well here we are.....

DJIA 35000 S&P 4500......S&P up 13.7 percent for the year......I don't understand how people can keep paying too much for everything forever. Everyone says they can't find anyone that wants to work....I thought the bottom would have dropped out of it the last year with all the inflation and higher interest rates, but it hasn't.

I just don't get it.

I have some money I want to put to work and need a good crash to jump in, sure as heck not jumping in at these levels.

The markets are as steady as a fat drunk guy on a balance beam. What is happening is that right now, Dementia-Boy's Fed is trying to buy debt quickly enough to fund the debt and keep the tsunami from hitting before November, 2024. It won't work and by the way, it is clear to me that most voters just don't care any more. $33 trillion debt? "wHo'S GoiNg TwO pAyZ mY KoLLeDgE?"
 

ZonaBurgh

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Well here we are.....

Everyone says they can't find anyone that wants to work....
The wife and I went out to lunch yesterday at a place called Oregano's. The hostess was also serving as a waitress as well as busing the tables. The food was OK, but clearly they were running short on staff. I just don't understand how those choosing not to work are surviving.
 

Sarge

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I just don't understand how those choosing not to work are surviving.
We working stiffs are subsidizing their laziness. No, we don’t want to, but we don’t have a choice.
 

MT~Forged

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I just don't understand how those choosing not to work are surviving.
The wife & I have discussed this many times, we have no idea either. There must be many times more Youtubers, tictokers, instagramers, Onlyfans, etc. than anyone realizes. I say this because the number of people homeless on the streets doesn’t seem to add up to the number of employees that are missing from the work force. I know a few that are now working for themselves, since being laid off when the government shut everything down.
 
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MTC

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The wife and I went out to lunch yesterday at a place called Oregano's. The hostess was also serving as a waitress as well as busing the tables. The food was OK, but clearly they were running short on staff. I just don't understand how those choosing not to work are surviving.
No idea either. The restaurant business did get hit hard by the 2020 shut downs.
 

Stoney

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I’m not too concerned at this point. We have a few months worth of food stored, and the ability to hunt and fish. Right now they call it “poaching”, soon it will become “subsistence harvesting”.

We live far enough out of town that by the time they really need to flee the bigger cities, the gas to do so will be gone. Our solar system is big enough that we can survive, since there will be no need for any electronic devices. We will be able to charge our electric bikes if we need to get around after the gas is gone.
We'll see if those bikes work after China sets of that EMP.
 

MT~Forged

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We'll see if those bikes work after China sets of that EMP.
I have a huge faraday cage (all metal workshop) that everything is in. Maybe it works, maybe not, but better than nothing. Worst case scenario, we get out the mountain bikes and go old school.
 

Troglodyte

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Get out of the stock market - two months ago. If not, then do so RIGHT NOW. Move your funds to 6-month money market funds, now paying 5.75%. I say this because a litany of economic indicators are showing the recession is here.

Housing Market Crashing

Banking, Credit Showing Troubling Signs

Dementia Joe Sold Oil Reserves and Hey, Look, Middle East Oil Imports Threatened!

Core Inflation Remains High

Interest Rates To Remain High - Very High
Been a couple weeks since anyone posted here…
 

ZonaBurgh

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This just seems a little weird to me, the market is showing life because investors are thinking that the Fed's will be cutting interest rates soon. But what's weird is that while the market is moving up, the price of an ounce of gold is at an all time high at over $2,000.
 

ZonaBurgh

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Current price for one ounce of gold is about $2,050 and reached historic highs this month.

The Dow is increasing in anticipation of short term rate cuts, but inflation has devalued the dollar.

Gold is generally a dollar-denominated asset, meaning the value of gold is priced in U.S. dollars. Dollar-denominated assets typically have an inverse relationship with the value of the U.S. dollar. Therefore, if the value of the dollar decreases, the value of gold will increase and vice versa.

The market may be increasing, but those dollars are worth less.
 

MT~Forged

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At this point I’m not sure you really can believe anything that the media reports. Is inflation getting better? By the looks of prices of everyday items, I would have to say no. It may very well be rising at a slower rate, but it is still so high it will take years for people to catch up.

I personally believe that things are being manipulated in an attempt to salvage the Democrats election chances next year.
 

ZonaBurgh

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At this point I’m not sure you really can believe anything that the media reports. Is inflation getting better? By the looks of prices of everyday items, I would have to say no. It may very well be rising at a slower rate, but it is still so high it will take years for people to catch up.

I personally believe that things are being manipulated in an attempt to salvage the Democrats election chances next year.
I'm sure others have mentioned it, but the sound bites coming out of the White House saying inflation is decreasing is disingenuous. Just because inflation may now be at 6% (purely a guess on my part) doesn't mean it's scaled back the cost of everything from the 8 to 10% earlier this year and last, it only means prices are going up at a slower rate. Too bad no one's income isn't going up at the same rate. And this is spot on, " I personally believe that things are being manipulated in an attempt to salvage the Democrats election chances next year. " Of course, all the socialists will disagree as Washington continues to print money backed by absolutely nothing.
 

BLITZ

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If you talk to real people it is bad. go to the grocery store and remember what you spent buying the same product just a few short year ago.
 

Badcat

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I just paid $7 per pound for a ham. HAM! people aren't making it out there, they're racking up debt and it's only going to make this crash that much worse.
 

MT~Forged

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The wife went to Costco this morning, they had turkeys for .75/#. Just had to unload 8 turkeys & her normal 6 rotisserie chickens. She said cheap hamburger was still almost $5 a pound, so it will be turkey and chicken for a while, at least till we get to the sons place next week and take all the deer and antelope meat. He got an Elk this year, so we take the less desirable meat and grind it. We will also have to pick up a couple hundred pounds or so of wheat when we are back in Montana.

The wife has a few days of canning to look forward to. But we should be set through the winter.
 

BLITZ

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The wife went to Costco this morning, they had turkeys for .75/#. Just had to unload 8 turkeys & her normal 6 rotisserie chickens. She said cheap hamburger was still almost $5 a pound, so it will be turkey and chicken for a while, at least till we get to the sons place next week and take all the deer and antelope meat. He got an Elk this year, so we take the less desirable meat and grind it. We will also have to pick up a couple hundred pounds or so of wheat when we are back in Montana.

The wife has a few days of canning to look forward to. But we should be set through the winter.
I am done canning for the year. but have enough canned potatoes, green beans, tomatoes, zucchini and others frozen or dehydrated. all good till next year.
 

MT~Forged

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I am done canning for the year. but have enough canned potatoes, green beans, tomatoes, zucchini and others frozen or dehydrated. all good till next year.
We can all year long. We try to can and dehydrate everything instead of relying on the freezer. She roasted 2 turkeys and I cooked 1 on our egg today, hope to do the other 5 tomorrow. Then it will all get pulled, mixed together and canned up sunday and monday. All the carcasses will go in pots to make stock and get canned tuesday and wednesday. Then we get a break till after Christmas, when we start grinding wild game and can that too.

we never worry about doing taters, as we always have plenty to last through till harvest next year.

Also realized we still have 20 gallons of frozen elderberries and 10 gallons of frozen huckleberries that need to be processed. I guess it will be a while before we are done.
 

Steelr4evr

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Current price for one ounce of gold is about $2,050 and reached historic highs this month.

The Dow is increasing in anticipation of short term rate cuts, but inflation has devalued the dollar.

Gold is generally a dollar-denominated asset, meaning the value of gold is priced in U.S. dollars. Dollar-denominated assets typically have an inverse relationship with the value of the U.S. dollar. Therefore, if the value of the dollar decreases, the value of gold will increase and vice versa.

The market may be increasing, but those dollars are worth less.

BINGO! It's unbelievable to be over 2 k an ounce. Our dollar is absolutely ****.
 

Steelr4evr

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At this point I’m not sure you really can believe anything that the media reports. Is inflation getting better? By the looks of prices of everyday items, I would have to say no. It may very well be rising at a slower rate, but it is still so high it will take years for people to catch up.

I personally believe that things are being manipulated in an attempt to salvage the Democrats election chances next year.

I'd have to agree on manipulation. That's the only thing that matters to them. Power!
 

BLITZ

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We can all year long. We try to can and dehydrate everything instead of relying on the freezer. She roasted 2 turkeys and I cooked 1 on our egg today, hope to do the other 5 tomorrow. Then it will all get pulled, mixed together and canned up sunday and monday. All the carcasses will go in pots to make stock and get canned tuesday and wednesday. Then we get a break till after Christmas, when we start grinding wild game and can that too.

we never worry about doing taters, as we always have plenty to last through till harvest next year.

Also realized we still have 20 gallons of frozen elderberries and 10 gallons of frozen huckleberries that need to be processed. I guess it will be a while before we are done.

We can all year long. We try to can and dehydrate everything instead of relying on the freezer. She roasted 2 turkeys and I cooked 1 on our egg today, hope to do the other 5 tomorrow. Then it will all get pulled, mixed together and canned up sunday and monday. All the carcasses will go in pots to make stock and get canned tuesday and wednesday. Then we get a break till after Christmas, when we start grinding wild game and can that too.

we never worry about doing taters, as we always have plenty to last through till harvest next year.

Also realized we still have 20 gallons of frozen elderberries and 10 gallons of frozen huckleberries that need to be processed. I guess it will be a while before we are done.
You are right. I will can stocks. throughout the winter. I can potatoes and also have a ton saved in basement. some will be seed potatoes for next year. some eaten.
I trade a lot of the canned potatoes for fresh eggs with a neighbor
 

Ironcitysteelers

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I just paid $7 per pound for a ham. HAM! people aren't making it out there, they're racking up debt and it's only going to make this crash that much worse.
I think I’ve said this before.

I normally get a meal a day at the store bc my fam can’t decide on ****. No big deal, after gym the store is right next to it.

Each **** time I’m looking plus/minus 30-40 bucks just for that meal. Maybe an odd or end here there but mostly the meal.
 
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