Market Major Correction Coming
- Thread starter stollcpa
- Start date
Whatever you want to think. Heard radio interview on way to work this morning. Don’t remember who it was.
I hope I am a worrier for no damn reason.
Here you go. I don’t don’t know why a give a **** what you guys think but insinuating I am lying does piss me off. Say whatever the hell you want about me but I don’t lie.
JPMorgan's Jamie Dimon says Fed could lift interest rates up to seven times to fight inflation
“I expect more interest rate increases than is in the implied curve,” Dimon said Friday on a conference call with analysts. “My view is a pretty good chance there will be more than four. It could be six or seven.”
7.12% huh. Thanks for the link.In the meantime, I'm going to be buying an I Bond (heard about it first here) with what I've got in a CD maturing next month.
I bonds — TreasuryDirect
www.treasurydirect.gov
I think it was hooky who first posted about them a couple weeks ago. My emergency fund is now in a CD drawing 00.7%. These are a no brainer for that kind of thing.
I bought a 10k one on the 31st but I think they didn't charge me for it until Jan. 3rd, so I think I am precluded to buy another one until 2023, if I understand the rules. Maybe I am wrong and could buy another one and get the 7.12%?
great for the investors paying cash, but won't reduce a mortgage payment one cent.
Here you go. I don’t don’t know why a give a **** what you guys think but insinuating I am lying does piss me off. Say whatever the hell you want about me but I don’t lie.
JPMorgan's Jamie Dimon says Fed could lift interest rates up to seven times to fight inflation
“I expect more interest rate increases than is in the implied curve,” Dimon said Friday on a conference call with analysts. “My view is a pretty good chance there will be more than four. It could be six or seven.”fortune.com
Lighten up Francis. You've been known to cite some sketchy sources or even just pull shit out of your ass, so when you say "talk"...
So Dimon thinks there will be more increases that what are expected. Fair enough. We'll see.
Can you say "self fulfilling prophesy"?
the Fed has given 20 trillion directly to Wall St,the billionaire class, the investor class, and the big banks since 2008, totally bypassing the working class who got exactly zero over that time, but it's the pittance of that Joe Worker got during a pandemic that is driving inflation and any subsequent rate hikes?
that just total bull sht propaganda, as is the notion that actual inflation has been the totally made up number that has been given out as it being the last 20 yrs.
real inflation has been twice the govt given number for at least 20 yrs.
20 tril in Fed giveaways to Wall St and the banks were always severely diluting our money over that time, and the Wall St owned and controlled govt see the working class stimulus and the pandemic supply chain issues as the ideal excuse to blame someone other than the Fed's giveaways to Wall St and billionaires as the reason for that dilution, under the never let a crisis go to waste doctrine.
we live in a totally rigged economy, and it's being and has been rigged for 40 yrs to benefit the rich at the expense of the working class.
on a side note, the wealth of the 10 richest people in the world, (9 of whom are in the US), doubled during the pandemic.
You pay me enough I’ll tell you when you’ve hit the bottom.
Not quite. 4//3-1/2 house on the 9th fairway on the Jack Nicklaus course.
getting swindled on a college hoops message board would def be near the bottom
The only problem is that you can only buy $10,000 per person per year but that is better than nothing. I have some iBonds that I bought back in early 2000s that are pay 3.4% over inflation so those should be returning a good percentage.In the meantime, I'm going to be buying an I Bond (heard about it first here) with what I've got in a CD maturing next month.
I bonds — TreasuryDirect
I'm dealing with much smaller numbers than all the rest of you guys, but I'm still going to try and do the best I can with what I've got. $700 sure beats the $70 I'm making now.
Yeah I think you screwed yourself by buying on 31st and it being a Friday. The ACH mechanism grinds to a halt on the weekend. I think you understand the rules correctly.
On edit: Log on to TreasuryDirect and see what date they have for the one you bought.
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I think you have to leave it in 5 years or get penalized but the penalty is small. i just put an order in for my wife and I.
The proper process is to have more than one SS number. . .
I think you are SOL until 2023. Because it was a federal holiday on the 31st, it likely didn't clear until 2022. I'm not sure how you verify that, but unless you do, doesn't seem worth the hassle if you make another transaction this year and have to deal with IRS mess.
Correct:
Each year, you only can buy up to $10,000 in electronic I Bonds or $20,000 per married couple. You buy savings bonds at www.TreasuryDirect.gov and hold them in an online account. Once we move into 2022, an individual can buy another batch of I Bonds, up to $10,000 each or up to $20,000 per couple.
I can't tell without actually starting the process... would this be done as a single transaction with two people involved, or two totally separate purchases?
Yep. I’ve got a valid ID for every SS number too. Biden has nothing to worry about.
You could easily buy a lot of put options without selling much of anything, since you are so sure you can predict the market.
I hope those are in swing states. Having them all in CA doesn't really help.
C’mon man! I jet from Cali to AZ, Wis, Mich, PA, and end up in FLA every Election Day. It’s tiring, but my one vote makes all the difference. No one said fraudulent voting is easy.
You didn't get in the glasses, wig, beard and baseball cap program so you could stay within one precinct?
Rookie.
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