- Thread starter Hobo Hilton
- Start date
It's starting to settle in.
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Neither....... It is "Uncharted Water's" for an entire nation. There are no experts that would bet their farm on their economic forecast.
The market is full of "CNBC Cramer's.
If I had confidence in the FED Reserve / US Government I would have not put up 4 quarts of chunked beef today.
"For the last couple of months, we have talked about what we see as a disconnect between the macro and the microeconomic indicators because, over the last several months, there's been almost a parade of news about how great the economy is," Layton said. "We believe our data digs deeper down, and we don't see a picture as rosy at the microeconomic level as the macroeconomic indicators would suggest. Every day, people on the street still feel the crunch regardless of what some of the financial news is reporting."
Wall Street is optimistic about the economy, but LegalShield says Main Street is telling a different story
NEW YORK, April 30 (Reuters) - Citigroup (C.N) CEO Jane Fraser told shareholders on Tuesday that U.S. consumers are becoming more cautious with their spending and making smaller purchases.
U.S. borrowers earning lower incomes are increasingly struggling to keep up with loan payments, prompting banks to become more cautious about issuing credit cards and car loans.
"Consumers remain healthy and resilient," Fraser said at the bank's annual meeting on Tuesday. "But we are seeing them more cautious in the U.S. and more discerning in their spending patterns."
U.S. borrowers earning lower incomes are increasingly struggling to keep up with loan payments, prompting banks to become more cautious about issuing credit cards and car loans.
"Consumers remain healthy and resilient," Fraser said at the bank's annual meeting on Tuesday. "But we are seeing them more cautious in the U.S. and more discerning in their spending patterns."
Citi CEO says US consumers are more cautious, emphasizes bank overhaul
My 401k has been performing pretty well for the past couple of years, I checked yesterday and for the last 12 months just shy of 9%! I also finally talked with a financial advisor, he says a reset is inevitable the longer they hold it off the harder it will be. I got caught with my pants down in '08, so I have set in motion the steps to roll a substantial amount into a safe annuity. He says they'll add 18% to my deposit! Should things tank, I plan to get really aggressive, with what I contribute in my 401. I took y'all's advice before when I was debating pulling my money out and instead upped my contributions to 13%, big thanks! My only debt is a truck I financed pre COVID at 3%, that could be paid off this year, I think I could even swing 20% contributions now, maybe...
But I am taking steps to prepare.
But I am taking steps to prepare.
Read the fine print on the annuity contract before you jump in. Financial advisors make big money on annuities - people buying annuities not so much. I invested a small portion of my money in a "safe" annuity and realize it is safe because all the earnings go to someone else. I no longer use that investment advisor.
I've definitely changed how I shop! I'm nervous as a whore in church! As an industrial maintenance tech for a company in Alabama that makes automotive parts, we have the UAW setting their sights on the south. We voted no about 6-7 years ago, unbeknownst to us, the owner from Korea had flown in, ready to make an example of us. They have 2 more plants that do the same thing; one in Mexico, another down in S. America. Turning 60 this year, I really didn't want to try and secure a new job, especially after working myself up the tenure/pay scale ladder, I surpassed top out pay 3 years ago, and we're supposed to be getting another substantial raise in May! And we already have all the benefits unions promise. I think they'll probably infiltrate the big final assembly plants, but have a tougher time with the smaller ones, ours anyway. But I feel like the proverbial cat, hanging from a high branch with my claws dug in with the death grip!
Sincere thanks! I have paperwork coming, I do plan on doing just that! This guy comes highly recommended as an "asset preservation specialist" and does a weekly talk radio show where he makes a lot of sense, especially in his strategies for protecting assets from the IRS. He told me it wasn't high yield but safe, basically investing in an insurance company. I will admit I'm not as savvy as I'd like to be, but I'm no dummy. At my age, and considering I started over late in life, I'm just looking to diversify my little nest egg, that been in the aggressive income and growth basket for the last several years.
Last edited:
Sheeple must be buying them? I know in the last 6 months we've added a few production lines to supply parts for them. We don't have any Ford contracts, but GM, Chrysler, Hyundai & Kia. I'm not a production worker so I really don't pay attention, it's all weather stripping and looks the same to me.
When a man "starts over" the one gift he has is knowledge learned from past experiences.
A thought about a 401k. Something I learned long ago after setting up a SEP IRA. The "Government" established the rules for that plan. As time went on and the Government took note of how well the investors were doing........ The government changed the rules. This is why today, few people even know about that plan. With a Government very deep in debt, the politicians are already considering "Robbing the coffer's". Consider buying a 1 ounce Gold Eagle for cash and burying it in the back yard. Keep the Government and their tracking out of your retirement fund, as much as possible.
The game is fast paced and the announcer is Jerome Powell............
He's reporting yesterday's game while today's game speeds on.
Clown show.
He's reporting yesterday's game while today's game speeds on.
Clown show.
Wall Street is confused and divided over how many times the Fed will cut rates this year
CNBC wants me to create an account. no.
let me spell it out for "Wall Street". The Fed isnt cutting rates this year.
I smell deflation in the air and I am positioning myself to take advantage of it.
I would hope so. The challenge to the middle class Americans is how long this, so called, inflation has been going on. I'm not talking about the group that ran up credit card bills. I am talking about those who tightened their spending over the past 3 years and just got by. The fixed income crowd. That group used up savings, continued to drive an older vehicle, put off vacations, down graded the food coming from the grocery store and kept on paying car insurance, home owners insurance and life insurance policies. They put off painting their house that really needed it 3 years ago, the tires on their car need replacing and they have been pulling old clothes out of the back of their closet to get a little more wear out of them. The timing belt on their work vehicle should have been changed last year.......... Even if inflation was licked today... The damage has been done. Deflation would help but the politician's will continue to run up the National Debt to prop up the, so called, strong dollar...I went to the Winco Grocery store (50 mile drive) to save a few dollars over my rural grocery store. Chatted with some older folks wearing faded MAGA hats. They reminded me of a poker player who had a run of bad luck and just pushed the remainder of his chips forward and said "I'm all in". Many are just hanging on till the Presidential vote is counted. The only thing they have is "Hope".
Sadly hope is dying quickly in the younger generations which is as dangerous to the politicos as the older generations being mad about their retirements being destroyed by inflation.
In many forums and social media programs across the web a common question you see is “Why even work anymore?”
Of course this is followed by people telling them to pull themselves up by their bootstraps and work harder (very Upton of them). However, I kind of agree with the younger generations. It’s hard out there for the majority of them. 2 jobs plus a roommate still doesn’t leave much for them, if any at all.
The consumer is tapped. The only reason the show keeps running is the banks keep lending money. 10 years ago they would have denied loans, today they give the loans at 20%.
Just some thoughts as I drop a deuce.
Somehow I missed this little, inconspicuous sign less than a mile from my place. The only way people can afford to live here is in a "High Density" apartment complex. Between the cost of buying land and building an apartment the rent is going to have to be $1,400 / month for a shoe box. Wages here will not support that kind of rent.
High density housing === affordable housing === crime
There are several concern citizen groups focusing on all of this high density housing.
The county Commissioners, city Council and Department heads are all old 4 th generation Montana cattle and logging families.
They have no clue what is staring them in the face. The developers fly in from all over America and slather some snake oil on them and next we have high density.
A recent quote from out High Sheriff:
Holton said that about half the caseload at the Sheriff’s Office is dealing with domestic violence and the caseload is always increasing with an increase in population.
Another observation.... Landlords of small business owner's (about 10 employees) have continued to raise the rent on commercial buildings. It reached the point where many small business owners can now afford to buy land and build a business cheaper than they can continue to pay elevated rent prices. Those building new buildings never lived through a recession. It's going to get messy when business drops off and they can't pay the mortgage.
Life
Don't worry. The Gov will move in migrants and pay their rent. You get the privilege of diversity and cultural enrichment.
“While the current stance of monetary policy appears to be at a restrictive level, I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate the progress on inflation has stalled or reversed,” Bowman said in remarks prepared for a Massachusetts Bankers Association meeting.
idiot
I agree but I would go for rounds not coins. This is tin foil hat shit but I have made it a point to stay away from anything numismatic that says "The United States of America" and/or has a dollar amount on it. That might imply government ownership and if they pull another gold grab that could work against a person.
Think in "melt value".I agree but I would go for rounds not coins. This is tin foil hat shit but I have made it a point to stay away from anything numismatic that says "The Untied States of America" and/or has a dollar amount on it. That might imply government ownership and if they pull another gold grab that might work against a person.
Of course they will pull a gold grab, a gun grab, a 401k grab, a real estate grab and even an ammo grab.
You will have nothing if you do not plan ahead. The Deep States plan is printed and in full view for all to see.
Acquire a taste for frogs.
I get that but why spend a 3%-ish premium for the eagle over a round if melting is the end play? Just saying. And I should have "WHEN they pull a gold grab."
Last edited:
Exactly...... Just don't put all your eggs in one basket and have an assortment of colored eggs.
An old journeyman would talk to me while I had my hood down and welding. I should have had him list all of his words of wisdom 50 years ago.
When I am in my shop welding and drop my hood, I still hear his voice filled with wisdom.
One of my most treasured was : Son, it's not how much you make... It's how much you can hold on to".
Held true in divorce / property settlements, taxes and will hold true when the grab materializes.
100%! Many flavors of catastrophe currency in my basket! I do need to build a root cellar on my place come to think of it.
Similar threads
