Mainstream Economics Thread

[BIG APPLE CAT]

Dax where are you putting your money right now too keep it safe from the ticking time bomb that is This Economy? Because holy crap every penny I have invested…401ks, ETFs, you name it…are all basically just doubling every 6 months and I (a brain haver) want out, I just need to know where to go?

[louie]

dax, are you saying the economy is not cooking brother? because lmao (at you, if so)

The economy cooking so good, the national debt increases 1 trillion every hundred days.

Lmao

What is your preferred method for reducing or removing the deficit?

What to worry? You just got approved for another 500 dollar credit card at 25%
You got money. Take your friends out for a night on the town with your new found wealth.

[Pete]

Every nickel I have in my retirement savings is in the S&P 500. My gamble is on America and America’s largest corporations continuing their dominance. Call me a bleeding heart liberal someone who makes me uncomfortable if you want I guess.

[Trim]

Is posting to “the audience” our “dear diary”?

[steve dave]

Every nickel I have in my retirement savings is in the S&P 500. My gamble is on America and America’s largest corporations continuing their dominance. Call me a bleeding heart liberal someone who makes me uncomfortable if you want I guess.

Josh Brown refers to it as "Optimism as a Default Setting" and I am set to that default setting. Has felt so good dunking on bears for my entire life.

[wetwillie]

Not even mixing in a little mid cap action?

[Justwin]

Steve you can throw your Kstate bachelors in economics around all you want . . . That doesn’t change the fact that the BLS openly admitted they cooked the jobs numbers by hundreds of thousands and that doesn’t change the fact that the economy is being driven by all time record Federal borrowing and highly government subsidized industries.

The audience is reminded that the Fed now admits that it will take them up to 6 years to repay the taxpayers for the Feds losses and make up for the Feds legally mandated obligations to the US treasury.

 


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What are the Fed's legally mandated obligations to the US Treasury?

[Dugout DickStone]

Dax where are you putting your money right now too keep it safe from the ticking time bomb that is This Economy? Because holy crap every penny I have invested…401ks, ETFs, you name it…are all basically just doubling every 6 months and I (a brain haver) want out, I just need to know where to go?

Gold and trumpy bass

[Pete]

Not even mixing in a little mid cap action?

Nah, not at my age.  It’s the Goldilocks amount of risk and return.

My heart goes out to Lina Kahn in trying to be a trust buster, but that is a tough row to hoe right now. The biggest companies are going to continue to automate and innovate at a higher rate in the future, especially with the money to invest in A.I.  They will be tough to control if they are raking in cash and their stock price is keeping investors happy. In tech especially, they can just gobble up little potential disrupters before a new competitor can emerge.

[sonofdaxjones]

#blueanongE: Constantly fighting the reality that two, if not multiple things can be true at the same time.

Also here to meltdown about every perceived slight of Harris-Biden #chefskiss


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[sonofdaxjones]

BTW the Federal deficit went up another $105 billion in one day last week.


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[steve dave]

Dax, I’m sorry for how bad you are apparently doing. We (everyone else) are doing rough ridin' incredible. Have you considered just not being a miserable son of a bitch about it? Seems easy and available based on everyone I know doing it? Please consider, you dumbshit

[steve dave]

Who here is better off than they were 1,3,4,5 years ago? Guessing all of you since A) we are incredible human beings and B) the economy is the best OAT and hard to eff it up. Let me know!


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[steve dave]

I’m personally doing ok guys. Are you? I know you are because of who we are so kinda rhetorical obv.


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[sonofdaxjones]

If you talk about what’s really happening then you must be doing really bad . . . drunk again suburban Omaha SteveDave

In other news the Oracle of Omaha sits on all time record levels of cash and is/or has liquidated stocks at close to, if not at all time record rates for BH.


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[sonofdaxjones]

The viewers of this blog are reminded again that more than one thing can be true at the same time


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[steve dave]

We are all rich AF other than Dax who apparently has not done well.very sad Dax. I am not in the “biz” but happy to help you doing incredible (because it’s very easy right now). Hit me up for advice brother. It’s very easy.


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[steve dave]

Not even mixing in a little mid cap action?

Nah, not at my age.  It’s the Goldilocks amount of risk and return.

My heart goes out to Lina Kahn in trying to be a trust buster, but that is a tough row to hoe right now. The biggest companies are going to continue to automate and innovate at a higher rate in the future, especially with the money to invest in A.I.  They will be tough to control if they are raking in cash and their stock price is keeping investors happy. In tech especially, they can just gobble up little potential disrupters before a new competitor can emerge.

Pete, you are very smart


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[steve dave]

Steve you can throw your Kstate bachelors in economics around all you want .

Also missed this until now. Are you telling me my BS in economics with a 2.1 gpa is meaningless!?


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[steve dave]

I did not spend DOZENS of hours in Waters hall to be accosted by this.


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[steve dave]

I would have simply not gone to class if I thought some thing could occur.


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[sonofdaxjones]

Mods - Please change the name of this thread to the Personal Finances with Steve Dave because it is no longer the (Macro) Mainstream Economics Thread

Viewers of this blog are now reminded of two things:

1. If you talk about what is going on in the macro world that in no way-shape or form is a discussion about your personal situation. Some people are confused by this.

2. More than one thing can be true at the same time.  For example, the economy is doing relatively well when you look at the here and now numbers - this is a truth.  It is also true that (for example) the United States government has injected $8 trillion in borrowed money into the economy over the last 4 years, and that's on top of what they were able to cover in their multi-multi trillion dollar annual budget with actual tax receipts (tax receipts now getting devoured by interest on the debt).  In raw dollars that $8 trillion in borrowed money has outstripped the dollars in GDP "gowth".  The return on that $8 trillion absolutely blows every level of ass. 

[Trim]

Is posting to “the audience” our “dear diary”?

This too:

Viewers of this blog

[sonofdaxjones]

https://twitter.com/realejantoni/status/1854924652088344685?s=46&t=-jwPwnR3rKHM9sk9hA7h8g


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[steve dave]

justwin, I'll let you handle this. lmao.