Loading ...Good catch, they probably won’t stop there and totally unnecessary. Maybe they’ll get a percentage. People need to put their foot down. Buyer beware.
My youngest daughter has a BMW motorcycle and why I don’t know. She’s had trouble with the electrical and the breaks. She’s even had the breaks replaced and after a short time they start to go again. That resulted in a accident stopping herself on a curb causing her to go airborne but luckily landed okay needing some X-rays with a few days off work and had to order parts to repair the rim and a windshield coming from Germany. But still something going on with the breaks that even the mechanic can’t figure out.
Maya 23:18
M Cooper
That’s why you can’t put a wage on it like that. Like commodities “ as you know” getting slammed down now prices can change. You just can’t change wages like that. There’s also cost related to supply demand. Not to mention cost of a ever growing parasitic tax dependent government thinking of ways to interfere with fair trade. They even get rich servicing the poor by funneling a big cut of that money to themselves like Pelosi not just her but one of the biggest imposters as you can see by looking at her district.
ipso facto @ 9:56 – RE: BMW heater ‘subscription’
They are taking a cue from the hi tech industry. I have seen this before. Building a digital TV station I bought a digital processor card that advertised it does practically everything… multifunction!
Upon arrival, I found it did absolutely NOTHING until you purchased subscriptions for each individual function. The hardware was all there on the card…. but you had to pay to enable sections of it… damn near doubled the cost and was an ongoing expense. I sent it back, and purchased a single function unit from a different manufacturer.
It is laughable that they are trying this with an automobile. Imagine paying extra to use every ‘amenity’ in your car with a monthly bill? Dead on arrival.
Ipso 19:41
That’s because people these days people thinking on the intellectual level know it’s no use talking to bureaucrat corporate welfare recipients getting rich off agendas they know nothing about and benefits no one but themselves.
They just want results like equity or green without planning or putting in the work. Equity, instead of giving opportunities for the talented be intellectual or gifted including politics, economics, trade, homeland security, law or military and why it’s all falling apart. The results “ people” not opportunity must fit their narrative.
That’s why we get people here like Aoc on one end of results or people like Pelosi, Newsom, even Bush Jr. and more on the other spectrum of inherited results of a controlled narrative that is neither intellectual or gifted with anything other than inherited privilege who will not allow any opportunities to people with true talent or intellect to out stage them or challenge their narrative. They are all talk on privilege, fairness, or equality when they are the biggest imposters who now apparently need acting classes. The Titanic how fitting.
commish @ 18:59
I keep remembering that every time I push the ‘reset’ button..
the lights go out!
goldielocks @ 17:26 re Inflation Calculations To Gain Perspective
I just go by the bottom line of how the prices of common things climbed over time. Naturally they don’t change in unison. Some things cost 10X more some are 30X more, but overall, I use x20. For example they can’t computerize a Pizza Pie or use robotics. So .15 cents a slice should be about $3.00. And .25 Gasoline s/b $5.00. Back when we were kids working for $2/hr, s/b X20 $40/hr today. $2500 decent car? X20 $50,000 today. Including sales tax. House? They were $40k X 20 s/b $800k. But houses are behind like X10 and X15, $400k to $600k.
By the way, at $2/hr and .25 cent gasoline, you earned 8 gallons per hour wages. $4.75 X 8 s/b $38/hr. starter pay.
The word “jubilee” makes it sound festive
China On Verge Of Violent Debt Jubilee As “Disgruntled” Homebuyers Refuse To Pay Their Mortgages
While US snowflakes are all too happy to talk the talk (which remains free, even despite Biden’s hyperinflation), Chinese residents are increasingly walking the walk. First, it was the violent outcry against mandatory covid vaccines that put an end to Beijing’s desire to forcibly innoculate all Beijing residents in just 48 hours – a feat not all of America’s armed militias have been able to achieve, and now it’s a grassroots push for what appears to be a debt jubillee as millions of homeowners suddenly stop paying their mortgages, a shocking move that has sent shockwaves across China’s capital markets and has sparked panic within China’s political leadership circles.
As Bloomberg reports overnight, a rapidly increasing number of “disgruntled Chinese homebuyers” are refusing to pay mortgages for unfinished construction projects, exacerbating the country’s real estate woes and stoking fears that the crisis will spread to the wider financial system as countless mortgages default.
Are We All
Enjoying in the Great Reset?
Couldn’t hold a bid
where have we seen that before?
This is a big line in the sand for GDX and the HUI. GDXJ looks the same although it looks like it wants to go all the way back to the Covid lows. Pretty unbelievable really, from breakout to crash in two months.
Silver is one sick puppy.
Did anyone hear about this?
Not sure if it’s a rumor or not but came out this morning and wonder if it had anything to do with the market reversal. Probably not and was the semis bouncing.
Trump is going to announce he’s running for President in 2024. Can’t remember if they said he was going to announce it in September or October, I was side tract with the market.
M Cooper
Factor regarding what? Composite factor of 4*5 2*10
Inflation can’t be evaluated anyways because numbers only include certain things leaving out real inflation basics of living. Somethings could be less now than in the past while other things could be over priced.
I’m looking at these really good prices for apartment for rent in Italy for instance.
Still you have to worry about getting a Covid jab to get back. But then I may not want to lo Oh Gee I’m stuck here.
goldielocks re Stock Market
It was around 1000 on the Dow during the 1970s, so adjusted for inflation, factor of 20 the Dow should be at 20,000 on the Dow. Its 30,600 today. So, it was over valued.
Mr Copper
Or maybe the market will look like it’s already baked in and then as people think it’s all clear the trap door opens. So tread lightly.
Re Chart Ten Year Bond Prices
If you look at the 120 line, and if you think the far right looks like a a dip and support area and will rise?
Then it means rates will start dropping. Bond prices go up, when interest rates drop. Or put another way. when rates drop, the bonds value goes up. Huh? Did I get that right? LOL.
And besides all that, the Fed is getting a LOT of milage out of the past higher rates, because of all the projected higher rates coming which are maybe already baked in. So in a sense, the Markets are already acting like the higher rates are already here. So the idiots may not have to raise them later.
Look At Coal, It May Be The Time To Bet On Alleged Dirty Coal As Crazy As That Sounds
ARLP: https://finviz.com/quote.ashx?t=ARLP&ty=c&ta=1&p=d
CEIX: https://finviz.com/quote.ashx?t=CEIX&ty=c&ta=1&p=d
ARCH: https://finviz.com/quote.ashx?t=ARCH&ty=c&ta=1&p=d
HNRG: https://finviz.com/quote.ashx?t=HNRG&ty=c&ta=1&p=d
Coal Chart: https://markets.businessinsider.com/commodities/coal-price
I heard this morning China is building coal fired electric production, Germany too. The Green Cartel or Climate Change Cartel, seems to want only the USA to obey their rules. And be crippled, and go downhill. Well, they succeeded. We are down the hill, Since 1970, and can’t go much lower.
Gold Chart, add a zero on the left column. $250,000 to $1,707,000.
Crappy Real Estate, Versus Gold Re Investment Capital Like Night And Day
Around 2000-2001 Gold was $250 per ounce. 1,000 ounces would cost $250,000. If you bought common house during 200-2001 costing $250,000 instead? What do you have today? A $500k house? Maybe $600k? Maybe $400k depending on where.
The 1,000 ounces today would be $1,710,000. No maintenance or property taxes every year either. And if you need $7,000 for the dentist LOL, you sell a few coins in town. You don’t have to listen to that idiot actor Tom Sellek selling reverse mortgages.
Naturally it was not a smooth ride. The $250,000 had low points like $1,100,000 in 2016 with $1,100 gold low. Rock bottom was $1,060 late Dec, I remember, I called it.
Chart below also shows evidence of the idiots losing control after 9/11/01, but they will never admit it, that they got sucker punched and knocked for a loop and thrown off stride. Can they win? Can they get their sea legs back? You tell me.
@ Buygold 9:53 re The reversal today will be epic, right, but A reversal anytime later will be more epic.
Re 1929 some people around me had tons of money in the regular popular stocks and are hurting real bad, -50% and more. We all go way back, and are used to that. The others are in total shock. They thought they were invested in high quality stuff.
I’m very suspicious about things. Their media can jawbone a recession and make it happen. They can also jawbone inflation, if that’s what they want. I was looking at their CPI numbers this morning, and they look very exaggerated to me. When I loaded $125 worth of groceries into my 1989 G 20 Van those 4 bags were very heavy, and I considered all that food reasonably priced. So many things were Buy 1 get 1 free.
We all go back far enough to remember how they consistently understated CPI numbers. It was running 7.5% and they kept calling it 2%. So employers only gave 2% raises. Social Security and minimum wage also got tiny 2% every few years. That shit went on for 20 years at least.
So, like I said from the start, when all the inflation talk was gaining momentum, if you remember, I said “lets not be surprised to see this mess turn into deflation.” Falling house prices and falling real estate prices will create a poverty effect.
The Idiots running things The Media, the Fed Bankers and the White house are doing a rain dance. Plain and simple. And buying Gold on low times works good. Since 2008, physical Gold actually outpaced the miners.
If gold goes down to $1500 it would be another chance to buy low. Maybe even cash out the miners on lows and switch over.
Well they brought the equity indexes back up on what I don’t know. Even GS was down this morning as far as the banisters.
Richard
Thanks, being a female I know I am.
Although probably one of the few that can admit I’m wrong but I think that’s how it’s going to happen.
Update the 10 ur went up a bit today I’m sure the Feds happy about. I wonder if they care about the market too?
All this talk on financials that they think it will be a short recession. I wonder if they heard or think the Fed will stop raising rates maybe even reversing at a certain point. Or just hopeful thinking.
Best we can do is shorter target trades down and maybe up until then. Either that or just stay in cash and watch it devalue.
S&P Dow Et all battling. Trying to bring it back up to support at 3744 but it dropped so low think it’s already set for another leg down. Heard on Bloomberg someone called for S&P 3600. I don’t know if it’s gonna go that low that fast but can get in mid 3600 ish like 3660. Bulls expected a bounce first with the it’s due mentality after days down, but I’m guessing some bets are off for now. I’m waiting for the close today.
Richard 8:35
Apparently it’s not that they think inflation is bad for gold, but the Fed is bad for gold. Once recession hits and if 10 yr treasury “ I’m learning that one” dips and the Fed forced to stop raising rates which isn’t going to stop the printing press with the imposters in the WH anyways gold could and should fly.