Long Position on Silver and Gold?

[MrPrena]

I said this since Greenspan IMF 90s era.
Lower interest made false sense that anyone can afford a 2million dollar house +Aston martins+ school loans+ lavishing shit.

What most economist and financial analyst is not predicting the market crash is that they are looking at the over priced or hyper inflated bubble.
This time, it will be a too low of an interest rate.
Another crash can come from Money Supply coming into US from foreign market.
Lower rate AND +dMS , you do the math.
When bank has too low of an reserve requirement relative to loans and %rate, it will catch up.

I am not a huge precious metal fan, but it might be not had a a thing to hedge now.

[DFBrews]

Begining of the year 2018 February ish to buy a customer spec semi truck from kenworth you would take delivery in September of 2019 (all fleets order large numbers of speced trucks at a time)

Right now if you ordered one you could order today and it would get built 3rd week of September and delivered 2nd week of October.

The pre downturn of 2008 experienced similar truck buying trends. With a corresponding increase in service work to try and extend the life of the 150k per truck expense of buying new. And we are seeing an uptick of non warranty work at the dealer level

[Irving]

I can't put together the reason for the change. Can you clarify?

[Skip]

Kicking the debt can down the road

https://www.oann.com/sen-braun-oppos...road-on-issue/

This is the kinda thing that makes me want to stop my 401K contributions and buy silver and ammo instead. President Trump screwed up on this one, the gov't needs to cut back on spending, starting yesterday.

I did that a long time ago! I think 401Ks are risky at my age because of market + political changes. Anything you can't defend can be taken. Instead, I have been working on getting the house paid off early. Fixing our housing expense will be a huge win no matter what happens. If they want to take our home, they're going to need to send bachelors.

I used to be outraged over the national debt and then came to a realization: They can't stop spending because people will die. No one wants this political fallout. We can act like Conservatives and lose every election because we pushed grandma off a cliff or compromise and slow the decline. We have four+ generations of humans who have been born/bread to be net consumers on gov programs and barely behave as it is with full bellies and warm beds. Cutting it off would turn most American cities into the third world (some already are in some ways).

"Compassion" requires national suicide post-Johnson. And being principled isn't going to change that, only the cluebat. Which does nothing but take advantage of the American people's charitable nature (this is not charity or humanitarian).

So yeah, it's not going to stop. They are either going to kill the dollar and we go full Commie as people beg for needs/wants. Or they are going to have to attempt a strategic default and see if certain people make good on their "tanks on Main St" promise.

[BushMasterBoy]

Best investments I have made so far are the house & land, wood stove and swamp cooler. They have given me the best returns financially and pleasure physically. The PM's are just insurance and historically will keep up with inflation. All the other stuff is just too much work.

[Skip]

Great example from this morning...

House approves loan program for troubled pension plans

https://www.washingtonexaminer.com/p...-pension-plans

The House voted 264-169 on Wednesday to pass legislation that would create a new Treasury Department agency to provide taxpayer-backed loans to endangered multiemployer pension plans and some other types of endangered plans.

[snip]

That there is a crisis with multiemployer pension plans that must be addressed is something about which all sides agree. The PBGC reported late last year that it had a $54 billion deficit in its multiemployer program and it is projected to run out in 2025. Nationwide, the plans are less than 50% funded, relative to their current liabilities and need $600 billion to cover them all, though a few seriously troubled plans such as the Teamsters’ Central States Fund throw off the average.

A total of 29 Republicans joined with Democrats to back the legislation. "These are ordinary, day-to-day Americans. The people we claim to represent," said Republican New York Rep. Peter King, urging his fellow Republicans to back the bill.

This is more money we don't have.

All while the markets are up!

How long will it take for this new agency to eye private retirement plans as a solution to failing multi-employer pensions and Social Security? There is an estimated $5.6T in 401K accounts as of 2019Q01. Why not take that money now and guarantee a benefit later? It's not like we paid tax on it so it's not ours--I know that's not true it's what idiot mostly millennials will say who haven't saved a dime.

And isn't it cute that GOPers are voting to bail out union pensions!

[TRnCO]

there's been talk of tapping into 401 accounts for some time. It's too juicy for them to keep their dam! paws off of. It'll be interesting the day it happens because it's going to affect many more people negatively then it will positively.

[Justin]

I can't put together the reason for the change. Can you clarify?

If fewer companies are buying new trucks, it's an indicator that there's less demand to move stuff around the country.

Less demand to move stuff around the country translates to companies/people spending less money, possibly in anticipation of an economic downturn.

Also, if trucking companies are opting to engage in maintenance/refurbishment of current trucks that are nearing what would normally be their end of life, this also could be an indicator that the trucking companies are doing what they can to save money because at some level, it's cheaper to maintain a fleet of aging vehicles than it is to replace them with new trucks.

[roberth]

Great example from this morning...

House approves loan program for troubled pension plans

https://www.washingtonexaminer.com/p...-pension-plans

This is more money we don't have.

All while the markets are up!

How long will it take for this new agency to eye private retirement plans as a solution to failing multi-employer pensions and Social Security? There is an estimated $5.6T in 401K accounts as of 2019Q01. Why not take that money now and guarantee a benefit later? It's not like we paid tax on it so it's not ours--I know that's not true it's what idiot mostly millennials will say who haven't saved a dime.

And isn't it cute that GOPers are voting to bail out union pensions!

I saw that, I'm tired of bailing out banks, automakers, and other people who have mismanaged their businesses. I can mismanage my own money just fine on my own thank you very much.

BTW when do I get something for nothing? Rhetorical of course.

there's been talk of tapping into 401 accounts for some time. It's too juicy for them to keep their dam! paws off of. It'll be interesting the day it happens because it's going to affect many more people negatively then it will positively.

Yes, I've read that too, this might happen if the financial situation deteriorates to some level, I just don't know what level of deterioration we're talking about. Now if the national financial situation is bad, that means the 401Ks will be down too so there will be substantially less than $5.6T in value will be available to steal.

[glocktoberfest]

This is unbelievably bad. So offer huge pensions and benefits and spend money like there's no tomorrow, and now the govt gets to bail out those pension programs? this is complete bull. This better get shot down

Great example from this morning...

House approves loan program for troubled pension plans

https://www.washingtonexaminer.com/p...-pension-plans



This is more money we don't have.

All while the markets are up!

How long will it take for this new agency to eye private retirement plans as a solution to failing multi-employer pensions and Social Security? There is an estimated $5.6T in 401K accounts as of 2019Q01. Why not take that money now and guarantee a benefit later? It's not like we paid tax on it so it's not ours--I know that's not true it's what idiot mostly millennials will say who haven't saved a dime.

And isn't it cute that GOPers are voting to bail out union pensions!