DOW 25,000 by late Summer

[PalmettoTiger1]

My son and I were discussing investment strategy and consider stay light in stocks and heavy in cash

Rates are going to soar based on historical data

To kill inflation will typically require market rates to rise to 2 per cent above rate of inflation

So we are talking high as hell like 14 to 18 per cent if norms hold

and for those who claim we are now not in a recession

the answer is acknowledging a recession is trailing information

you announce you are in a recession after you have been into it for 6 months

the markets are heading South

interest rates are going to soar

housing is going to take a beating

layoffs are going to start and be massive

unemployment is going to soar

it is going to be a dark time in America

And please tell me why cabinet members giggle when asked hard questions

is it funny to destroy America or what

Thanks Brandon as I don’t know of any Person or group more qualified to destroy America like than liberal elitist Democrats being lead by a puppet under strings of Susan Rice with those strings continuing to Obama who is getting his third term as if the first two were not enough

 

[97ClemsonMac]

20,000 by 2023 if nothing changes. Remember this post

 

[PalmettoTiger1]

20,000 by 2023 if nothing changes. Remember this post

i didn’t want to be that dramatic as Nostradamus I am not

My financial friends are saying red in politics and red in business

the streets will be running red for 2 plus years

that is my assessment based on listening to much smarter people than me

I am going to hunker down make cash king and hang on

same advice to my family and children

 

[ForzaTigre]

20,000 by 2023 if nothing changes. Remember this post

If you aren’t retiring anytime soon you shouldn’t give a shit and should be happy that it would be such a great buying opportunity.

 

[97ClemsonMac]

If you aren’t retiring anytime soon you shouldn’t give a shit and should be happy that it would be such a great buying opportunity.

I guess that's one way you could look at it... the way i look at it is I have retired family members that worked 40+ years for their 401k and are seeing it swindle down the drain now. Their monthly withdraws are lower, meanwhile groceries and gas are way up. Its a sad time for those that are retired.

 

[PalmettoTiger1]

If you aren’t retiring anytime soon you shouldn’t give a shit and should be happy that it would be such a great buying opportunity.

there is much truth to this

 

[DW4_2016]

If you aren’t retiring anytime soon you shouldn’t give a shit and should be happy that it would be such a great buying opportunity.

time to turn up your 401k/IRA contributions.

 

[scotchtiger]

time to turn up your 401k/IRA contributions.

Only so much you can do there because of contribution limits. Not enough to really build wealth. Will continue to max and DCA in. Will do the same in a brokerage acct.

I'm going to keep cash and opportunistically look for distressed real estate sellers too. We took a break because of inflated prices. I think some of that will get cleaned out.

 

[harristeeter]

Only so much you can do there because of contribution limits. Not enough to really build wealth. Will continue to max and DCA in. Will do the same in a brokerage acct.

I'm going to keep cash and opportunistically look for distressed real estate sellers too. We took a break because of inflated prices. I think some of that will get cleaned out.

Interesting that you bring up the distressed real estate sellers. I'm having lunch and going out on the boat with a RE investor that has about 160 units. It'll be interesting to get his insights on the rental landscape.

 

[scotchtiger]

Interesting that you bring up the distressed real estate sellers. I'm having lunch and going out on the boat with a RE investor that has about 160 units. It'll be interesting to get his insights on the rental landscape.

Feel free to share... We're much smaller and it's very much a side thing.

We did just pick off a SFR for $85K and already increased the rent from $650 to $1200. So there are some selective opportunities out there if you can find them. I think they will become more prevalent though with the coming turbulence.

 

[97ClemsonMac]

Only so much you can do there because of contribution limits. Not enough to really build wealth. Will continue to max and DCA in. Will do the same in a brokerage acct.

I'm going to keep cash and opportunistically look for distressed real estate sellers too. We took a break because of inflated prices. I think some of that will get cleaned out.

I would love to get involved with real estate, I just don't know enough about it. Any suggestions where to study up on it or any websites that are useful?

 

[scotchtiger]

I would love to get involved with real estate, I just don't know enough about it. Any suggestions where to study up on it or any websites that are useful?

Biggerpockets was where I started reading up on things, but have learned a lot more by working with people and actually going through some deals.

 

[PalmettoTiger1]

Interesting that you bring up the distressed real estate sellers. I'm having lunch and going out on the boat with a RE investor that has about 160 units. It'll be interesting to get his insights on the rental landscape.

Just to jump in

Now is the time that opportunity comes for those with CASH

Hard assets are going into distress if they are too heavily leveraged. Without adequate cash flow to cover costs

And there are going to be lots of this in a few months

Fire Sale coming down

 

[FranktheDank]

Feel free to share... We're much smaller and it's very much a side thing.

We did just pick off a SFR for $85K and already increased the rent from $650 to $1200. So there are some selective opportunities out there if you can find them. I think they will become more prevalent though with the coming turbulence.

Who is we? You have a partner or partners?

 

[FranktheDank]

I would love to get involved with real estate, I just don't know enough about it. Any suggestions where to study up on it or any websites that are useful?

Read The Book On Rental Property Investing by Brandon Turner

 

[ForzaTigre]

I guess that's one way you could look at it... the way i look at it is I have retired family members that worked 40+ years for their 401k and are seeing it swindle down the drain now. Their monthly withdraws are lower, meanwhile groceries and gas are way up. Its a sad time for those that are retired.

For sure, and I didn’t intend to come off as insensitive. I am speaking for people who are not retiring within a decade. You can really make money if you invest in these times.

 

[harristeeter]

Feel free to share... We're much smaller and it's very much a side thing.

We did just pick off a SFR for $85K and already increased the rent from $650 to $1200. So there are some selective opportunities out there if you can find them. I think they will become more prevalent though with the coming turbulence.

Just to jump in

Now is the time that opportunity comes for those with CASH

Hard assets are going into distress if they are too heavily leveraged. Without adequate cash flow to cover costs

And there are going to be lots of this in a few months

Fire Sale coming down

I'll respond to both of you in one post. First it was great catching up and is always a pleasure speaking with him.

He mentioned that he and is family (a lot of his family do the same business) have sold quite a few of their properties with the turmoil the country was facing. He and his wife bought a place in the ICW (Intracoastal Waterway) and he said something very interesting. He mentioned he's always used as much of his primary residence's Equity line to purchase other properties or do flips. But with the way the economy/country is looking right now that he is considering paying off their new place on the water in case things get really bad.

He said, and I quote "I've always leveraged my residence but I'm seriously looking at paying off our mortgage in case the economy does turn over, then we'll have our home". They have a beautiful place with a pier/boat dock. We actually went out on his pontoon boat today and he filled us in on his thoughts about everything.

I think some people forget that seniors don't have time to "wait it out" and will dump their positions to lock in whatever they have. This gentleman just turned 60 and really loves what he does and wants to continue the rental game as long as he's mentally cognitive. He and his wife (a CPA for a large firm) are very leery right now with how the economy is being handled.

 

[PalmettoTiger1]

I'll respond to both of you in one post. First it was great catching up and is always a pleasure speaking with him.

He mentioned that he and is family (a lot of his family do the same business) have sold quite a few of their properties with the turmoil the country was facing. He and his wife bought a place in the ICW (Intracoastal Waterway) and he said something very interesting. He mentioned he's always used as much of his primary residence's Equity line to purchase other properties or do flips. But with the way the economy/country is looking right now that he is considering paying off their new place on the water in case things get really bad.

He said, and I quote "I've always leveraged my residence but I'm seriously looking at paying off our mortgage in case the economy does turn over, then we'll have our home". They have a beautiful place with a pier/boat dock. We actually went out on his pontoon boat today and he filled us in on his thoughts about everything.

I think some people forget that seniors don't have time to "wait it out" and will dump their positions to lock in whatever they have. This gentleman just turned 60 and really loves what he does and wants to continue the rental game as long as he's mentally cognitive. He and his wife (a CPA for a large firm) are very leery right now with how the economy is being handled.

I am hearing the same or similar from every investor I know

The present policy is heading the country for a train wreck

Youngsters may not believe it but it will be real if the direction does not change

 

[TigerGrowls]

Top Economist Hassett: You're Going to be Looking at Rate Hikes Every Month This Year Going into 2023 - Stock Market Is Halfway to Its Bottom (VIDEO) | The Gateway Pundit | by Jim Hoft

Former Chairman of the Council of Economic Advisers Kevin Hassett joined Larry Kudlow on Thursday following the horrific losses on the stock market.

www.thegatewaypundit.com

Top Economist Hassett: You’re Going to be Looking at Rate Hikes Every Month This Year Going into 2023 – Stock Market Is Halfway to Its Bottom (VIDEO)​

By Jim Hoft
Published June 16, 2022 at 4:49pm

Former Chairman of the Council of Economic Advisers Kevin Hassett joined Larry Kudlow on Thursday following the horrific losses on the stock market.

The Dow was down below 30,000 points for the first time since the inauguration.
Hassett says the Fed must raise interest rates 3/4 points likely until the end of the year before inflation will start to come down from the current historic rates.
TRENDING: Dr. Simone Gold Sentenced to Prison For Speaking with Megaphone Inside US Capitol on January 6

Kevin Hassett: I’m very, very pessimistic on where rates have to go given how bad fiscal policy is under the Democrats. Basically, you’re going to be looking at rate hikes every meeting this year of 0.75… I think we’re probably more than halfway to the bottom but the bottom is still a ways off.

Hassett does not paint a rosy picture. There may be some more difficult days ahead.
Thanks, Democrat Party. Thank you, fake news lapdogs.
The Dow Jones Industrials ended below 30,000 points at 29,927 on Thursday over fears of recession.

 

[TigerGrowls]

The Biden Administration Continues To Lie About Record Manufacturing Job Growth, Proven False By National Records | The Gateway Pundit | by Michael Robison

The claims by the Biden Administration of record job growth pale in comparison to growth under former President Donald Trump

www.thegatewaypundit.com

The Biden Administration Continues To Lie About Record Manufacturing Job Growth, Proven False By National Records​

By Michael Robison
Published June 16, 2022 at 12:40pm

On Wednesday, Brian Deese, director of the National Economic Council, appeared on Fox News alongside host Martha MacCallum, who pressed him over the continued surge in inflation, during which he continued to tout a false increase of 545,000 new manufacturing jobs.
MacCallum pressed Deese over the continued record-setting surge of inflation, which reached 8.6% in May, a high not seen in over 40 years in the U.S. She noted that David Asman from Fox Business said, “what you have to do when inflation is in this situation is increase supply. You need to increase manufacturing.”
“Why not do that?” MacCallum pressed.


TRENDING: Dr. Simone Gold Sentenced to Prison For Speaking with Megaphone Inside US Capitol on January 6
“Here’s what we’ve seen over the last 15 months,” Deese continued. “545,000 new manufacturing jobs created in America. That’s the fastest rate in 30 years. Companies investing and bringing production back to the United States, building more secure and resilient supply chains at rates that we haven’t seen in a very long time.”
“How come that’s not making a difference in inflation, Brian?” MacCallum pushed back.
“Because you talk about stable and steady growth and your team talks about the transition to stable and steady growth, yet we’ve got 8.6% inflation, and you’ve got negative growth in the last GDP, and the projection for this quarter is .09%,” she continued.
“So when do you expect us to see a meaningful change in inflation or in growth? Give us a rough idea, how many months? How many years?”
Deese repeated his claim that manufacturing is rising at record highs. However, he asserted that consumer prices have remained high because of the nation’s intense reliance on semiconductors in China and called on Congress to pass legislation to decrease dependence on foreign-made semiconductors.
MacCallum was not taking the passive answers from Deese and continued to press him for a response regarding a resolution for the soaring inflation. “When do you expect to see inflation at 2%? Will it take three months? Will it take a year? Will it take two years? What are your projections telling you?”
In a passive response, Deese acknowledged, “there’s a lot of global uncertainty out there; we know that the price of oil and the price of gas at the pump are being affected by Putin’s brutal war in Ukraine. But we also know if we take the kinds of steps that we’re talking about, we will get to that process quickly.”
Deese avoided answering the question but continued to assert the false claim that there was record job creation in manufacturing under Biden.
According to the America First Policy Institute, Deese’s claims are entirely false.
RELATED: A Quick Look At Some Of Biden's Lies Since Taking Office
April marked the 12th consecutive month of job growth above 400,000. However, in the nine months before Joe Biden took office, from May 2020 to January 2021, job growth averaged nearly 1.4 million each month.
Despite the Biden Administrations’ assertions, the U.S. did not see the “largest 15-month job gain in 15 years” for manufacturing. Even though U.S. manufacturing jobs increased by 545,000 over the past fifteen months, manufacturing employment actually grew by 927,000 jobs in the 15 months before and including July 2021.
The vast majority of that increase in manufacturing employment occurred during the Trump Administration (+761,000 jobs) and not during the Biden Administration (+166,000 jobs).