INFLATION IS OUR FRIEND

[morekaos]

You know how many times I have heard the Armageddon Trade? '72, '79 '87, '90, '94, '97, '99, '02, '09, '16...Never seems to pan out...

Why the Armageddon Trade Is Wrong
Kevin Cook
May 10, 2013

'Stockpile food and ammo!'

'Sell your stocks and by gold!'

'Run for the hills and prepare for the worst!'

'The worst economic storm ever is about to destroy your wealth and freedom!!!'

The relentless appeal of the 'Armageddon trade' has many chomping at the bit. That's because the markets fall much faster than they rise. Bear runs of 5% to 10% in a single day, or 20% in a week, are far and few between, but they do make some people into instant millionaires.

But even more often than amassing riches, these investors get crushed. Their myopic view had some of them take on way too much risk - which became their undoing. Or others got locked into their position and froze up when the time came to switch gears to the new bull run.

I'm here to tell you that the Armageddon hawkers are way wrong, and not because they exaggerate, or because the trades are so rare and hard to time. They are wrong for 3 important reasons. Discover them below along with a better path to wealth creation.
https://finance.yahoo.com/news/why-armageddon-trade-wrong-203856277.html

 

[eyephone]

Someone people may think I am making it up.

Just look at the world stock market and also look at Russia?s current event. Many people waiting in line at the atms and banks. Their currency has lost value. Countries are turning away their coal and oil.

 

[morekaos]

Sounds like time to selectively be buying...better to be a lion than a gazelle. If you don't know which you are...better wake up running.

 

[eyephone]

Maybe you should help fuel and supply Russian troops because there are many reports that they are abandoning their vehicles because of fuel. Also, other reports of no food.

 

[irvinehomeowner]

The Tesla Y I ordered back in AUG arrived in JAN 2022
Out the door price $61,500

Looked on the internet today and it can sell for $71,000 or so.

Should I order another Y and sell it once I get it since inflation is not transitory.
Perhaps order 10 Ys!!
It says delivery in AUG 2022.


Instead of holding cash or stocks I'm holding cars.

Do it. People are making tons of money on flipping leases, so much so, the leasing companies are not allowing 3rd party buyouts anymore.

 

[momopi]

You know how many times I have heard the Armageddon Trade? '72, '79 '87, '90, '94, '97, '99, '02, '09, '16...Never seems to pan out...
Why the Armageddon Trade Is Wrong
Kevin Cook
May 10, 2013
'Stockpile food and ammo!'
'Sell your stocks and by gold!'
'Run for the hills and prepare for the worst!'
'The worst economic storm ever is about to destroy your wealth and freedom!!!'
The relentless appeal of the 'Armageddon trade' has many chomping at the bit. That's because the markets fall much faster than they rise. Bear runs of 5% to 10% in a single day, or 20% in a week, are far and few between, but they do make some people into instant millionaires.
But even more often than amassing riches, these investors get crushed. Their myopic view had some of them take on way too much risk - which became their undoing. Or others got locked into their position and froze up when the time came to switch gears to the new bull run.
I'm here to tell you that the Armageddon hawkers are way wrong, and not because they exaggerate, or because the trades are so rare and hard to time. They are wrong for 3 important reasons. Discover them below along with a better path to wealth creation.https://finance.yahoo.com/news/why-armageddon-trade-wrong-203856277.html

Gold is defense vs catastrophic/hyperinflation scenarios.  For example, 1949 Taiwan when New Taiwan Dollar exchanged for old Taiwan Dollar at rate of 1:40,000.  It's likely that you'd never encounter the scenario in your lifetime.  But keeping a small % of your assets in gold might buy you passage, food, and shelter when you need it.

 

[daedalus]

Maybe the household formation will shrink; roommates and movie in with family etc.

And people can eat chicken instead of rib-eye steaks.  We're either going to be paying more for the same, or reducing our quality of life.

 

[usctrojancpa]

Inflation will be worse than feared this year, Goldman Sachs predicts

Goldman also raised their prediction to 11 rate hikes by the end of 2023 (which implies a Fed Funds rate of 2.75-3.00%.)  I wonder what that does to Jumbo loan rates?

If that happens, the yield curve will invert and the 10-year & 30-year may go lower than they are today because bond traders will start pricing in a coming recession since Fed funds rates don't drive long term bond rates and mortgage rates.  And what happens when we get a recession?  That's right, lower mortgage rates.  Ain't that a trip?

Yep, and a recession means job losses and lower home values, especially when starting from a point of historic low affordability.

If they do cause a recession it won't be a deep prolonged one because they'll get scared and start cutting rates again quickly.  The labor market is still very strong so there's a lot of steam to take out of it.  I don't think the Fed will raise rates above where the 10-year is trading because JP know what happens when the yield curve inverts.

 

[morekaos]

A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan

What does Manhattan have to do with OC? It's $4.xx in OC.

When did I ever specify OC?...doesn't matter, if it in the high $4's now it will be $5 soon enough with oil at $81.51 a barrel today.  Remember...inflation is your friend.

Okay, you can owe me!!!...
https://youtu.be/e5u7yZiV3bI

Average Gas Price in LA County Tops a Whopping $5 Per Gallon
Gas prices took a significant jump, the largest since July 2015.

The average price of a gallon of self-serve regular gasoline in Los Angeles County topped $5 for the first time Thursday, increasing 8.6 cents to $5.014.

The increase is the largest since the 15.1-cent increase on July 14, 2015, according to figures from the AAA and Oil Price Information Service. The record is the 25th in 27 days.

The average price has risen 29 times in 32 days, increasing 34.5 cents, including 3 cents Wednesday. It is 19.2 cents more than one week ago, 29.8 cents higher than one month ago and $1.25 greater than one year ago.

The Orange County average price also recorded its largest increase since July 14, 2015, rising 8.6 cents to $4.99, its 24th record in 29 days. It has increased 19 of the past 21 days, rising 26.8 cents, including 3.4 cents Wednesday.

The Orange County average price is 18.8 cents more than one week ago, 29.1 cents higher than one month ago and $1.244 greater than one year ago.
https://www.nbclosangeles.com/news/local/average-gas-price-la-county/2839780/

 

[morekaos]

The Morons are truly in charge...

Buttigieg on Keystone Pipeline amid Ukraine Invasion: We Don?t Want ?Permanent Solutions? to Short Term Problems

Transportation Secretary Pete Buttigieg said Wednesday on MSNBC?s ?The 11th Hour? that to combat oil prices skyrocketing amid the Russian invasion of Ukraine, President Joe Biden did not want to authorize the Keystone Pipeline.

According to Buttigieg, it would be ?galloping after permanent solutions to immediate short term problems.?

 

[zubs]

I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

 

[morekaos]

I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Your $100,000.00 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think I'm still ahead of the game. ;D ;D >

 

[AW]

I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Your $100,000.00 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think I'm still ahead of the game. ;D ;D >

$100k model y?  Is this source from the tabloids?

 

[morekaos]

Zubs...you driv'n a model Y? ;D ;D >

 

[irvinebullhousing]

I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles.

 

[CalBears96]

I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Your $100,000.00 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think I'm still ahead of the game. ;D ;D >

$100k model y?  Is this source from the tabloids?

From his favorite source: Dailymail

 

[morekaos]

I was just jibing zubs(thought he would have a more expensive model) but if it really bugs you?.I?ll fix it?

?Your $55,000 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think
I?m still ahead of the game?

 

[irvinebullhousing]

I was just jibing zubs(thought he would have a more expensive model) but if it really bugs you?.I?ll fix it?

?Your $55,000 feel good box?  You pay for it one way or another.  I for one drive a 1990 Full size Ford Bronco,  Restored, that gets about 9 miles to the gallon but when I bought it it only cost me $3800.00 so I think
I?m still ahead of the game?

Very hard to find these, nowaday. You've made good money on it. I would not drive it much as it consider a classic.

This is the same type as OJ Simpson get away car, the infamous chase on 405, right?

 

[usctrojancpa]

I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles.

I just hope our power grid can handle all the EVs without brown outs and black outs.

 

[morekaos]

I gotta admit...

driving by gas stations in my Tesla Y feels good.
You should try it.

Pretty soon, only EV and Tesla will be on the road. And bicycles.

I just hope our power grid can handle all the EVs without brown outs and black outs.

It won?t..  EV utopia is a pipe dream both from a production standpoint and a electric supply standpoint?.

Electric Vehicles On Collision Course With Reality

* EVs are cool. They are not new. The history of EVs is a century of failure tailgating failure. In 1911, the New York Times said that the electric car ?has long been recognized as the ideal solution.? In 1990, the California Air Resources Board mandated 10% of car sales be zero-emission vehicles by 2003. Today, 31 years later, only about 6% of the cars in California have an electric plug.

* The average household income for EV buyers is about $140,000. That?s roughly two times the U.S. average. And yet, federal EV tax credits force low- and middle-income taxpayers to subsidize the Benz and Beemer crowd.

* Lower-income Americans are facing huge electric rate increases for grid upgrades to accommodate EVs even though they will probably never own one.

* This month, the California Energy Commission estimated the state will need 1.3 million new public EV chargers by 2030. The likely cost to ratepayers: about $13 billion.

* Meanwhile, blackouts are almost certain this summer and electricity prices are ?absolutely exploding.? California?s electricity prices went up by 7.5 percent last year and they will likely rise another 40 percent by 2030. This, in a state with the highest poverty rate and largest Latino population in America. How is racial justice or social equity being served by such regressive policies?

* I also talked about resilience, saying ?Electrifying everything is the opposite of anti-fragile. Electrifying transportation will put more of our energy eggs in one basket. It will make the grid an even-bigger target for terrorists, cyberthieves, or bad actors. It will reduce resilience and reliability in case of a prolonged grid failure due to natural disaster, equipment failure, or human error.?
https://principia-scientific.com/electric-vehicles-on-collision-course-with-reality/