Are you GardeningAre you Sewing?Are you Mending?Are you Building?Are you Frugal?Are you Aware of what is really important in your life?The above list is a start, but can you do them? I would start with an honest assessment of my health, abilities, a…
It is the way of this world. We don’t have many buggy whip makers, but we do have a lot of auto mechanics, although not as many as we had in the ’70’s. I have been telling anyone younger than me to learn to either fix people’s bodies, or fix robots. O…
I wish what any of these companies do would help. I read about a steel mill that employed 1000 people.They either built a new or modernized it, can’t remember which and it now employs 14 people, that is thelook of the future.And on top of it the most…
TRex2 wrote:Even if this costs our economy, as a whole, having domestic steel and aluminum production is one of those non negotiables. Other non negotiables are oil and gas, machine tools, and weapons production. These are industries that, without th…
TRex2 wrote:Even if this costs our economy, as a whole, having domestic steel and aluminum production is one of those non negotiables. Other non negotiables are oil and gas, machine tools, and weapons production. These are industries that, without th…
sageprice wrote:So far I have only read the politico talking points about tariffs. Does anyone know the real Great recession. You as a citizen have no control over what is decided in Washington. When the economy is up you cheer, when it’s down you wai…
sageprice wrote:So far I have only read the politico talking points about tariffs. Does anyone know the real Great recession. You as a citizen have no control over what is decided in Washington. When the economy is up you cheer, when it’s down you wai…
Along this same vein that Sage, PS and myself are preaching: head over to the organic prepper site for Daisy Luther’s latest article "How to survive when just prepping isn’t enough".An excellent article and very appropriate for this discussi…
Are you GardeningAre you Sewing?Are you Mending?Are you Building?Are you Frugal?Are you Aware of what is really important in your life?My parents were older but hubs grew up that way too. They all grew up through the depression and suffered greatly, t…
sageprice wrote:So far I have only read the politico talking points about tariffs. Does anyone know the real Great recession. You as a citizen have no control over what is decided in Washington. When the economy is up you cheer, when it’s down you wai…
So far I have only read the politico talking points about tariffs. Does anyone know the real Great recession. You as a citizen have no control over what is decided in Washington. When the economy is up you cheer, when it’s down you wail. Just how you …
Blondie wrote:https://www.cnbc.com/2018/03/07/us-steel-reopening-plant-and-bringing-back-jobs-ceo-on-trump-tariffs.htmlToday’s news has US Steel firing up 2 blast furnaces that have been idle for 3 years. Good. That means the tariffs are working. Jus…
I think I should explain my comment here:The Electrolux article from Z-795 is just purely political maneuvering, by an opponent of our economy.I don’t actually mean to say that they mean us harm, but they are a Swedish company, and they will do what i…
https://www.cnbc.com/2018/03/07/us-stee … riffs.htmlToday’s news has US Steel firing up 2 blast furnaces that have been idle for 3 years. Statistics: Posted by Blondie — Wed Mar 07, 2018 11:58 am
I suspect you have a typo in here somewhere. A tariff example that affects my business. In early 2017 the Obama administration passed a 30% tarriff on most wood coming in from Canada. Some of the wood types (like cedar) simply don’t grow large enough …
Blondie wrote:SSDDWhat no one mentions is countries like China subsidize their products with tax dollars. How does an American company compete with that?I’ve slightly followed Chineese steel for over a decade. What happened is the Chineese gover…
A friend of mine is in the financial business…he said it’s coming, and it’s going to be UGLY! That’s why they sold their house in town; bought acreage out near me; built an energy-efficient straw-bale house, which they heat with a woodstove; and the…
rickdun wrote:Here’s another article about a recession from the investment watch blog, but I don’t totally agree with it, what’s your thoughts:http://investmentwatchblog.com/aftermat … sion-2018/Well, I don’t know how accurate they are, but point nu…
Common sense should tell all of us, trump can’t give a trillion dollar or more tax break tothe very rich and it not effecting anything. People need pay raises to be able to buy andpay in more taxes. I don’t know how people are making it now, we have …
I saw this this morning. What do you think? I told my husband we are officially hunckering downAccording to Bloomberg’s latest report… America could be heading for an economic disaster that would rival the Great Recession. Billionaire Ray Dalio’s…
Electrolux puts $250 million dollar project on hold in TN due to the tariffs that may be imposed by Pres. Trump:http://z975.com/local/electrolux-halts- … ouncement/Statistics: Posted by rickdun — Sun Mar 04, 2018 9:01 am
Here’s another article about a recession from the investment watch blog, but I don’t totally agree with it, what’s your thoughts:http://investmentwatchblog.com/aftermat … sion-2018/Statistics: Posted by rickdun — Sun Mar 04, 2018 8:05 am
As to the timing of the next recession, there is an indicator that is almost always present right before the recession begins. That indicator being a reversal in the normal bond interest rates. Normally, longer term bonds have higher yield, but right…
rickdun wrote:Here’s an article on the possible up coming recession. I didn’t know but 77% of our GDP goes to the national dept and at the end of the next 10 years, they expect it to be 97% of our GDP, doesn’t look good.It isn’t like 77% of our GDP is…
Don’t worry about tariffs just yet, they are thinking that trump is just doing this as a ploy.Election coming up in Pennsylvania next week and right now not looking good for the repubcandidate, they think he is doing this to get the steel workers and …
Did we ever recover from the last one? A close look at debt, personal savings, net worth, total employment, average hours, and hourly wages "of the average American" paints another picture.Many of the big banks have been kept alive by stock…
SSDDhttps://www.c-span.org/video/?168976-1/steel-importsCSpan, 2002. Start at 2:50 to listen to the WH announcement of proposed 30% tariffs on imported steel.I remember names like US Steel, Republic Steel, and Bethlehem steel. They provided decent pay…
Not sure about a recession but I know banks are nervous as hell over something……..my own included. Personally, I think it’s about to crash…as hard but probably harder than in ’08. No hard evidence except a bank jittery over a mortgage payment t…
Here’s an article on the possible up coming recession. I didn’t know but 77% of our GDP goes to the national dept and at the end of the next 10 years, they expect it to be 97% of our GDP, doesn’t look good.With the possibility of putting a tariff of 2…
I faced today with project on investment in gold. I have already heard about it. This is american project and it actively develops. Has someone already faced similar projects? There is website and some interestin facts about gold: SolomonStatistics: P…
Hi! Thank you for sharing your points of view! Recently I’ve thought about investment. I thought about realty or gold. In my opinion this are two the best stuffs for investment.Statistics: Posted by ArnoldBeck — Thu Nov 30, 2017 12:39 pm
I think we’re on the cusp of at the least another 2008 crash, but I worry it’s going to be much worse.
Seems MSM ect is refusing to focus on the actual state of the economy.
I don’t worry much about stock trading. I admit mainly because it’s somewhat out of my interest. I pay attention to what Joe Q Public is doing, and more importantly Not doing with his extra funds. That in my opinion will give a more accurate read of the state of the economy. Mr Joe Q Public has drastically cut back on spending. So much so that xmas sales were horrid, stores are closing all over the country. MSM blames online sales, which I find interesting since Amazon just was forced to close a multi million dollar brand new major hub in my area due to lack of sales. So obviously online sales were not the culprit.
Joe Q Public isn’t doing much spending, most certainly “luxury” spending at the very least. He’s spending, but it’s on much higher food costs, higher utility costs, and higher cost of living across the board. His focus is more on needs than wants & our economy is geared so that it needs his focus on wants in order to keep going.
Statistics: Posted by Mollypup — Wed Mar 29, 2017 3:53 am
When you see Tony Robbins with a new book out on making $ in real estate, the house flipping shows on HGTV multiplying like mushrooms in the dark…..you have the makings of your next housing disaster.
They say people have short memories.
Statistics: Posted by Blondie — Tue Mar 28, 2017 11:10 am
BK in KC wrote:
This downturn is just a market reaction to the healthcare reform bill that failed to pass. I agree with other posters here that a crash will eventually happen, but this isn’t it. The market will settle down and go back up in the short run.
ditto….
We might see a bit more of a correction if the tax reform doesn’t take place. Frank/Dodd, etc….
On a side note we are seeing a LOT of loosening on lending requirements for self-employed borrowers in the last 2 months….. nothing “Officially” called stated income but you are seeing a lot more programs opening in this direction for “Asset based approvals” or DTI’s being calculated with P&L statements not even looking at tax returns… there has to be a balance though. Too loose caused the crash and wealth transfer. Too tight screwed folks out of the market(Real Estate).
These looser programs I’m seeing right now are hitting the upper 5% to 7% interest rates for these type of allowances on self-employed borrowers Vs. conventional underwriting programs with full documentation being required under Fannie Mae/Freddie Mac but with rates at the high 3% range(30 yr fixed)
.
Statistics: Posted by DR1VENbyKNOWLEDGE — Tue Mar 28, 2017 10:11 am
This downturn is just a market reaction to the healthcare reform bill that failed to pass. I agree with other posters here that a crash will eventually happen, but this isn’t it. The market will settle down and go back up up in the short run.
Statistics: Posted by BK in KC — Mon Mar 27, 2017 6:08 pm
The market has been running up for no reason for years with nothing ba king it other than the Fed pumping billions into it. A correction is way overdue. If we are lucky. If not look for a crash.
Statistics: Posted by bacpacker1513 — Mon Mar 27, 2017 5:36 pm
When the hacks at CNBC bring out Grandpa Buffett to assure Americans “all is well” then the correction is here.
That will be 2′-3 weeks before Cramer screams “total capitulation, sell now”.
After he’s sold and gone into hiding.
Statistics: Posted by Blondie — Mon Mar 27, 2017 11:37 am
The market has been due for a correction for a couple of years now.
You can’t have companies trading 20 to 30 times their earnings and expect the market to keep climbing, it won’t work for the long term.
I look for a 20% to 30% correction or higher.
Statistics: Posted by rickdun — Mon Mar 27, 2017 11:33 am
Cast Iron wrote:
As has been mentioned before in other posts, we are due for a market correction for some time.
It may be here.
just more media slam of Prez Trump – nothing more …..
they haven’t even acknowledged Prez Trump’s contribution to the upsurge – now it’s his fault? – if that isn’t a freaking slam ….
Statistics: Posted by Illini Warrior — Mon Mar 27, 2017 10:22 am
As has been mentioned before in other posts, we are due for a market correction for some time.
It may be here.
http://www.cnbc.com/2017/03/27/us-markets.html
Statistics: Posted by Cast Iron — Mon Mar 27, 2017 10:07 am
I think that if you really have some wealth to preserve it’s better to invest it in property. And better somewhere else. It will not only let you save your money and even make decent profit if you let it out or sell later, but to leave this country sooner or later. Personally I don’t believe in the bright future of the US (not in the nearest 10 years at least) So I’m currently thinking to buy property in Barcelona apartments there are more affordable than in Germany or the UK, it’s in the top 15 European property markets with really good prospects for investment. It’s a popular destination all the year round and renting out is not a problem at all. Another advantage is that apartments for sale in Barcelona will definitely grow in price with the course of time and if you go for short term rentals you’ll get about 7% returns. Hiring a management company might be a bit of pain in the (Censored word. I’m a potty mouth) though it will help to avoid problems with finding new tenants and the expenses will be rewarded with higher occupancy rates anyway. And I can go and live there when I want. So it’s my ideal escape plan
Statistics: Posted by ThunderJ — Mon Mar 20, 2017 7:05 am
There is only so much the average middle class person can do. I’ve done what I can, and that is that.
Statistics: Posted by ItchyDog — Sun Mar 19, 2017 5:37 pm
donba wrote:
It’s like I tell the Boss Lady, You can Only do what you can do. The rest is in Gods hands……
This 
I have to keep this in mind, or I could go crazy. The rabbit holes are everywhere! Yet, I could die in a car crash tomorrow. Ya gotta have a life today, even if you are planning for the future. Having a healthy balance is the key…..and it’s hard to do. Especially when you hear and see the reasons to prep continually all around you. I try to have fun with the gardening, canning, cutting wood, etc. There’s more than one reason to do these things…..but if you take joy in it as you go along, then you are truly living life. In the end, isn’t that really what it’s all about? Personally, I’m much more concerned about quality of life as opposed to quantity of life. Although, I’m hoping for a healthy combo of the two. 
Statistics: Posted by angie_nrs — Sat Mar 18, 2017 5:56 pm
at least not if you ever want to get your money back, that is!! haha
Statistics: Posted by financecourses — Sat Mar 18, 2017 2:06 pm
rj5156 wrote:daaswampman wrote:The Federal Reserve and Government can print as many dollars as they desire to achieve their agendas. If the dollar lost value, it may not matter that you can pay your obligations in dollars! Ask the people of Venezuela, of their experience in holding their assets in their currency! That is the risk Ron Paul and others have been warning about.Any rational person should already know, that America (and every developed nation) has more debt than they can ever repay! They are left with the choice of continuing the lie or loosing everything right now! Like death, most people would choose to delay it. Swamp
Never Forget – “The market can stay irrational longer than you can stay solvent.”.
Yup. It’s kind of like a train wreck. I can’t quite bring myself to look away and I keep hoping it will be ok although it is so obvious that it cannot possibly be ok…
Totally agree, just some BASIC finance courses http://courses.corporatefinanceinstitute.com/collections and knowledge would lead anyone to understand exactly what you’re talking about… if you read the US budget like the income statement and balance sheet for a normal business, you would never invest as that business as it’s clear the debt can never be services.
Statistics: Posted by financecourses — Sat Mar 18, 2017 2:05 pm
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