Current issues with the market - Any ideas on avoiding the end?

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the fall of man dijo:
Oil tanked really hard - hard enough that I exited USOI while still at a profit (right before the dividend date - I had to do the math). Everyone has realized the recession is here, and we are now moving into consumer demand destruction.
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Just wait until the cascading bankruptcies due to the interest rate hike.

Gas prices will go down reducing the cost of your commute but also you don't have a job to commute to anymore. Ya win some and ya lose some.
 
CreamyHerman’s dijo:
Since the dip is happening, what should I buy? willing to throw down a thousand & I like a good risk
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gold
and i dont mean gold futures, i mean find a way to buy physical gold and stash it in your basement
a thousand dollars only gets you like 15 grams anyway, very easy to store and hide somewhere in your house
 
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兄貴 Forevermore dijo:
Question. I don't follow crypto, but is it now large enough to cause cascading failures, or still in it's own little world?
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I doubt it's large enough to crash the economy. It's a drop in the ocean compared to say, real estate or consumer credit. It's very sensitive to what the larger market is doing though.
 
mindlessobserver dijo:
I doubt it's large enough to crash the economy. It's a drop in the ocean compared to say, real estate or consumer credit. It's very sensitive to what the larger market is doing though.
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So more of a bellweather rather than a "oh shit moment". Not that you shouldn't be worried if the economy goes to shit.
 
The likelihood of housing price remaining the same is real as banks and large institutions cashed out at the peak and now buying up all the real assets as interest rate spikes.

This ain't 1979 inflation crisis or 2008 housing crash. This is a fucking whole sale market for the rich and the Bank.

In Mexico only the rich and large institutions have enough clout and connection to borrow large somes of money. With high interest rate you can expect to see the pattern with the borrower selection by the banks. They are only going to lend money to the connected and those who have actual real assets.

Meanwhile the fucking poor are locked out of housing market for decades if not centuries to come.
 
HOMO FOR LIFE dijo:
The likelihood of housing price remaining the same is real as banks and large institutions cashed out at the peak and now buying up all the real assets as interest rate spikes.

This ain't 1979 inflation crisis or 2008 housing crash. This is a fucking whole sale market for the rich and the Bank.
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The bigger issue is the whole economy is based on a lot of bullshit like the housing and stock market, and because the wealth of so many people are tied up in these assets the government can't allow them to fall so we'll see bailouts worse than we've seen in the past.

There's very little reason why a few dozen miles should change housing by matters of hundreds of thousands, but that perception is so baked into the economy that breaking it would be worse than the NikKei 225 collapse. The whole bullshit has gone on for longer than people even think, they remember the bail outs of '08 but it's been going on for decades prior.
 
Akashic Retard dijo:
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I fucking hate that "[x] thing is happening-and that's good/bad" title format so much. You know your argument's shit when you have to lead people like that before they even actually read your article.

EDIT: Also bonus points for the "experts say" horseshit to divorce themselves from taking responsibility for their idiotic takes. For people that got a bachelor's or master's in writing, these journalists sure suck at it.
 
Colloid dijo:
I fucking hate that "[x] thing is happening-and that's good/bad" title format so much. You know your argument's shit when you have to lead people like that before they even actually read your article.

EDIT: Also bonus points for the "experts say" horseshit to divorce themselves from taking responsibility for their idiotic takes. For people that got a bachelor's or master's in writing, these journalists sure suck at it.
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Expert says*

They could only muster one.
 
Akashic Retard dijo:
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That's according to a recently published survey from financial services company Fidelity, which polled 2,622 adults in mid-February on their retirement planning habits. The survey found that 55% of 18- to 35-year-olds have halted their retirement planning since Covid hit, and 45% of that age group "don't see a point in saving until things return to normal."
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Well they'll be waiting forever.
 
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