Money Sense

[JOE]

And yet they are all more or less sayin' the same thing....Lokmeer!



Other words, stay on the sidelines, market is not good these days.



Trouble is too many people think of a trading account as a savings account.



Buy and Hold? They're crazy.



Equally absurd is the notion, "I'm in it for the long term."



Long term for what? For a world or market which might not exist in 50 years?!



Investing in the stock market is jes another form of gambling...Lokmeer!



Stock Market investing is mastering the Art of Getting In at the right time and knowing when to get out. The market or portions of it are only good for certain times, not so much in others.



Know the seasons like a farmer or how ta ride the waves like a sailor.

Well, instead of fukin bad mouthing Trump like every other scumbag libtard, ya shoulda got on the fukin train. Maybe next time, eh josephine?

Trump, Trudeau, Obama, Biden...I don't follow nor worship any of 'em...Lokmeer!



Here today...gone tomorrow. In reality, they're just marketing creations. But instead of Hollywood or consumer product, it's for the political industry.



I'd rather avoid the fate of being like those Obama or Trump worshippers - so when their guy is gone, I don't boohoohoo....the next guy isn't my president/prime minister, etc.



People have ta get used to whomever becomes the leader, even if it's not who they want.



And I suspect that the pendulum could well shift back to the Right (much to your DELIGHT) for some of the reasons you've mentioned - dissatisfaction with the status quo, ineffective economic policies, a shitty underperforming stock market, erosion of their 401k plans etc.  Just like it did in the 1980s.  Even socialism has to be able to pay for itself. ie - socialist countries like France, Norway & Sweden recently raised their retirement ages.



Anyways, I'm preparing to accept whomever might be comin' next - even if I don't like or agree with 'em...Lokmeer!

[Lokmar]

Well, instead of fukin bad mouthing Trump like every other scumbag libtard, ya shoulda got on the fukin train. Maybe next time, eh josephine?

Trump, Trudeau, Obama, Biden...I don't follow nor worship any of 'em...Lokmeer!



Here today...gone tomorrow. In reality, they're just marketing creations. But instead of Hollywood or consumer product, it's for the political industry.



I'd rather avoid the fate of being like those Obama or Trump worshippers - so when their guy is gone, I don't boohoohoo....the next guy isn't my president/prime minister, etc.



People have ta get used to whomever becomes the leader, even if it's not who they want.



And I suspect that the pendulum could well shift back to the Right (much to your DELIGHT) for some of the reasons you've mentioned - dissatisfaction with the status quo, ineffective economic policies, a shitty underperforming stock market, erosion of their 401k plans etc.  Just like it did in the 1980s.  Even socialism has to be able to pay for itself. ie - socialist countries like France, Norway & Sweden recently raised their retirement ages.



Anyways, I'm preparing to accept whomever might be comin' next - even if I don't like or agree with 'em...Lokmeer!

Liar. You're much more in line with biden than Trump. You constantly talked shit on Trump and Americas coming crash when he was in office. You're a liar josephine, plain and simple.

[JOE]

Trump, Trudeau, Obama, Biden...I don't follow nor worship any of 'em...Lokmeer!



Here today...gone tomorrow. In reality, they're just marketing creations. But instead of Hollywood or consumer product, it's for the political industry.



I'd rather avoid the fate of being like those Obama or Trump worshippers - so when their guy is gone, I don't boohoohoo....the next guy isn't my president/prime minister, etc.



People have ta get used to whomever becomes the leader, even if it's not who they want.



And I suspect that the pendulum could well shift back to the Right (much to your DELIGHT) for some of the reasons you've mentioned - dissatisfaction with the status quo, ineffective economic policies, a shitty underperforming stock market, erosion of their 401k plans etc.  Just like it did in the 1980s.  Even socialism has to be able to pay for itself. ie - socialist countries like France, Norway & Sweden recently raised their retirement ages.



Anyways, I'm preparing to accept whomever might be comin' next - even if I don't like or agree with 'em...Lokmeer!

Liar. You're much more in line with biden than Trump. You constantly talked shit on Trump and Americas coming crash when he was in office. You're a liar josephine, plain and simple.

Well Lokmeer I didn't want to derail DKG's thread with a discussion of politics.



Just let him do his thang and post about money & economics in his own thread, 'kay?



That's what I thought this thread of his mini forum is supposed to be about.

[Lokmar]

Liar. You're much more in line with biden than Trump. You constantly talked shit on Trump and Americas coming crash when he was in office. You're a liar josephine, plain and simple.

Well Lokmeer I didn't want to derail DKG's thread with a discussion of politics.



Just let him do his thang and post about money & economics in his own thread, 'kay?



That's what I thought this thread of his mini forum is supposed to be about.

You could always sit back and STFU.

[Herman]

Well Lokmeer I didn't want to derail DKG's thread with a discussion of politics.



Just let him do his thang and post about money & economics in his own thread, 'kay?



That's what I thought this thread of his mini forum is supposed to be about.

You could always sit back and STFU.

He will keep trolling this thread as long as people keep replying to him.

[Thiel]

The Federal Reserve is expected to raise rates by 25 basis points at its May meeting. That is having an effect on stock prices.

[DKG]

Tesla's Q1 2023 revenue and profit came in very close to expectations, based on a survey of analysts from Refinitiv. Tesla specified in a shareholder deck that "underutilization of new factories" stressed margins, along with higher raw material, commodity, logistics and warranty costs, and lower revenue from environmental credits, all contributing to the drop in earnings from last year. Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings.



Despite high interest rates American Express Co. continued to benefit from strong spending growth in the latest quarter with particular momentum in the travel and entertainment categories. Amex AXP, -2.53% logged $14.3 billion in total revenues net of interest expense in the first quarter, beating the consensus analyst expectation, which foresaw revenue of $14 billion. In the year-ago period, Amex notched $11.7 billion in quarterly revenue.

[DKG]

A fresh selloff in regional banks kept Wall Street traders on their toes, with stocks finding little encouragement to rebound from recent losses amid few signs the drama is over.



The 60% plunge in PacWest Bancorp that came just a few hours after an underwhelming Federal Reserve decision left investors even more skittish with regards to the health of the financial system. A US probe into Goldman Sachs Group Inc.'s role in Silicon Valley Bank's deal also weighed on sentiment, with the S&P 500 heading toward its fourth straight down day. The drop in equities sent the Cboe Volatility Index (VIX) closer to the key 20 mark.

[DKG]

Along with investor indigestion over central bank messaging, Wall Street stock indexes were also under pressure from another rout in U.S. bank shares, which have reeled from the collapse of a third major regional bank over the weekend.



While the idea of a pause in U.S. rate hikes was welcome news for U.S. investors, it comes with the implication that the economy is slowing.



It's highly unlikely we'll avoid a recession. We're on a clear path toward a recession in the next few months.

[DKG]

Pacific Western Bank has confirmed that it's exploring "strategic options," which is Wall Street code for the possibility of a sale, with the bank saying it has been approached by potential investors.



PacWest Bancorp, the California-based holding company that owns Pacific Western Bank, said in a statement on May 4 that it's in talks with potential partners and investors after the lender's shares—and some other regional banks—tumbled amid fears of a worsening banking crisis.



"Recently, the company has been approached by several potential partners and investors—discussions are ongoing. The company will continue to evaluate all options to maximize shareholder value," PacWest stated.



"In accordance with normal practices the company and its board of directors continuously review strategic options."



Amid media speculation a day prior—and subsequent confirmation—that the bank was looking at various options, including capital raising or a potential sale, shares of PacWest Bancorp (PACW) fell by more than 50 percent in regular trading on May 4.



News that PacWest was considering "strategic options" and that it had been approached by potential partners and investors sent shares of regional banks lower on May 4. Zions Bancorporation, KeyCorp, Valley National Bancorp, and Comerica all fell between about 2.5 percent and about 12 percent, while First Horizon tumbled by more than 33 percent. The SPDR S&P Regional Banking ETF shed more than 5.5 percent.





On May 3, PacWest shares fell by 52 percent.



"Investors are worried that it [PacWest] will be the next domino to fall as worries swirl about deposit flight and the lack of asset diversification among smaller lenders," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.



Deposits 'Stabilized'

PacWest said in its May 4 morning update that it hadn't experienced any unusual deposit outflows since First Republic Bank was placed into resolution by regulators, facilitating its sale to JPMorgan Chase.



Paul Taylor, PacWest president and CEO, said in an April 25 statement that the bank had managed to weather the turmoil sparked by the failure in early March of Silicon Valley Bank and Signature Bank, a period he called "one of the most challenging" in recent memory for the U.S. banking sector.



"Our deposits have stabilized with total insured deposits increasing from 48% of total deposits at year-end to 71% of total deposits at March 31, 2023. Importantly, deposits stabilized in the latter part of March and rebounded nicely in April, increasing approximately $700 million subsequent to quarter-end," he said.

[DKG]

The odds that the United States will fall into a recession at some point over the next 12 months have risen to a 40-year high, according to a probability model from the New York Federal Reserve.



The probability that the country will enter a recession within the next year has risen to 68.2 percent, according to the New York Fed, which is the highest level since 1982.



The Fed's recession risk indicator is now greater than it was in November 2007, not long before the subprime crisis, when it stood at 40 percent.



The recession model is based on the spread between the three-month and 10-year yields on U.S. Treasurys.



For months, the U.S. economy had been projected to show slowing real GDP growth and labor market softening.



Amid the banking sector turmoil sparked by the collapse of Silicon Valley Bank, economists at the Federal Reserve have projected a shallow recession.

[Lokmar]

The odds that the United States will fall into a recession at some point over the next 12 months have risen to a 40-year high, according to a probability model from the New York Federal Reserve.



The probability that the country will enter a recession within the next year has risen to 68.2 percent, according to the New York Fed, which is the highest level since 1982.



The Fed's recession risk indicator is now greater than it was in November 2007, not long before the subprime crisis, when it stood at 40 percent.



The recession model is based on the spread between the three-month and 10-year yields on U.S. Treasurys.



For months, the U.S. economy had been projected to show slowing real GDP growth and labor market softening.



Amid the banking sector turmoil sparked by the collapse of Silicon Valley Bank, economists at the Federal Reserve have projected a shallow recession.

I've been arguing that we are already in a recession but because things have been on order/unavailable for such a long time, up to 2 years in some cases, we arent actually seeing the full effects yet.

[DKG]

The Dow Jones Industrial Average fell for a fourth straight day yesterday as U.S. lawmakers struggled to reach a deal on the country's debt ceiling, heightening worries of a potential default.



The Dow dropped 255.59 points, or 0.77%, to close at 32,799.92. The S&P 500 lost 0.73% to end at 4,115.24, while the Nasdaq Composite edged 0.61% lower to settle at 12,484.16.

[Lokmar]

Fuck the debt. Shut it down!!!

[JOE]

Fuck the debt. Shut it down!!!

I think they (both political parties in the US) are just kicking the can down the road 'til one day there's a huge meltdown....Lokmeer!



And when it does, watch out Bud!



All your cash/stocks will either be worthless or be signficantly worth much less than they are today, eh?



How can a country and world economy exist forever on endlessly rising debt?



We're all just existing on borrowed time and fake economy, fake money.



At some point, somethin's gotta give/crash.



That's why I'm buying gold/precious metals and real commodities cuz aside from property/land in the end it'll be the only things worth anything.



At this rate we'll be reduced to a barter society or paying everything with silver or gold cuz nobody will trust paper money or the financial system, eh?