I do love the fact that we will now have business minded people running our government instead of the present mentally ill power greedy party...
Money & Economics
- Thread starter bigredfish
- Start date
Holy Shit!
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Catering to the Desperate
Catering to the Desperate | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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I've been saying that for the last 30 years. I'm flabbergasted by how long they have kept all the balls in the air. The only way out IMO is huge inflation, otherwise known as stealing from everybody who was honest and prudent, while rewarding the fraudsters and the careless (both of which which include the government).
mat200
IPCT Contributor
- Jan 17, 2017
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Good warning .. if you can not get insurance for property, will it hold market value ?
As the Fed continues to run off its MBS holdings, there's less demand for these securities, so less incentive to find mortgages and package them, so less incentive for banks to make loans, which means upward pressure on mortgage interest rates - no relief coming from here...
This just happen to a friend of mine @pete_c here, last month, December, they had a contract to sell their house but the buyer's loan got rejected. Sadly, they found out right before Christmas.
59% Of Americans Don't Have Enough Savings For A $1,000 Emergency: Report
59% Of Americans Don't Have Enough Savings For A $1,000 Emergency: Report | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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“We are essentially a paycheck-to-paycheck nation,” said Mark Hamrick, senior economic analyst at Bankrate. “Fewer Americans have the equivalent of a financial safety net to cover inevitable unexpected expenses, despite low unemployment and steady growth.”
This society has become an instant gratification, entitled mess. People spend all that they have and charge up even more. I see that in the 35–45-year-olds all the time. Got a raise? Let's spend it! Never putting any away for savings.
Too be honest, if it was not for a 401k plan at most companies, very few would have any money, other than SS Benefits, at retirement. I have seen this in most all generations, even mine, of course the older generations went through much, much tougher times so they learned the importance of savings.
I definitely agreed with you on these last few Entitled generations. What a mess they are...
I’m in that generation.
My grandpa taught me, and my wife’s grandpa taught her. “There is one thing that they can’t make more of, and that is land.”
Word’s of wisdom from the Great Generation.
It's certainly not new. When I was in that age group in the last century (literally), there was a generous one-time bonus where I worked. I put in in the bank. Most others spent it right away, some on new cars they didn't need. Same with the employee stock purchase plan, that let one buy a limited amount of company shares at a discounted price. I stacked up the stock certificates while almost everybody else used the option for the company to sell the shares immediately, and send a check for the gain over the purchase price.
Definitions:
Stock certificate: An ancient system where stock ownership was recorded on a piece of paper instead of 1s and 0s in some computer.
Check: Another ancient system where dollars were transferred by writing on a piece of paper.
For a time I worked in Credit Departments so I pulled thousands of credit reports, Dun & Bradstreet reports when approving/declining accounts, then I ended up in the Collection Dept. pulling more reports. You learn alot on how in-debt people are that way. Most people do not own much of anything, the Banks and Mortgage companies do. A Mortgage is just a very high rated lease IMO, collecting compound interest, in most cases almost doubling the purchase price. Only recently, since prices of housing is outrageously overpriced now, one can recoup the interest loses of a Mortgage. Don't hold your breath, this will not last forever.
Breathtaking
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Economic Black Hole: Here Are 25 Signs That The US Economy Is Dying After 4 Years Of 'Bidenomics'
Economic Black Hole: Here Are 25 Signs That The US Economy Is Dying After 4 Years Of 'Bidenomics' | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Wow, what a list. Heartbreaking what Biden (His Handlers) put us through...Breathtaking
Economic Black Hole: Here Are 25 Signs That The US Economy Is Dying After 4 Years Of 'Bidenomics'
Economic Black Hole: Here Are 25 Signs That The US Economy Is Dying After 4 Years Of 'Bidenomics' | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
mat200
IPCT Contributor
- Jan 17, 2017
- 15,720
- 26,548
mat200
IPCT Contributor
- Jan 17, 2017
- 15,720
- 26,548
Yup .. Credit and Debt part of the economic machine and cycles .. learn the game better to play your cards better ..
