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Damn we're fucked.
How is everyone hedging? Seriously I'm open to ideas.
Goran_K saysDamn we're fucked.
How is everyone hedging? Seriously I'm open to ideas.
@Goran_K some ideas:
gold
TIPS (treasury inflation protected securities) - doesn't really cover inflation, but better than most bonds
certain stocks that take a percentage of transactions, like Visa (V)
non-perishable commodities like alcohol
ammo
I've been collecting a few bicycles, because they hold value in good times, and rise when in value when supply chains break. Not that that is any significant store of money.
Used cars would probably work too. Their value has surged lately.
Getting your money back out of things like alcohol and ammo can be hard if you end up with way more than you need.
Series I Savings Bonds currently pay about 7.1%
I heard someone say they think it will go over 9.6% when the new price comes out for May issuances.
A guaranteed 9.6% is not shabby. Too bad there's a 10k per year purchase limit.
Damn we're fucked.
How is everyone hedging? Seriously I'm open to ideas.
Goran_K saysDamn we're fucked.
How is everyone hedging? Seriously I'm open to ideas.
If a billionaire came to you and said “invest in my company, and I’ll pay you 15% yield annually.” What would you say?
Carl Icahn owns more than 90% of IEP. The stock is around $53, and it pays $8/year in dividend.
Nothing in life is guaranteed, but rather than dropping $100k to pay for the Model X, I used the money to buy the stock. Use the dividends to make car payments. Once the car is paid off, “hopefully” the stock still holds its value.
Not financial advice of course. 🤑
Eman saysGoran_K saysDamn we're fucked.
How is everyone hedging? Seriously I'm open to ideas.
If a billionaire came to you and said “invest in my company, and I’ll pay you 15% yield annually.” What would you say?
Carl Icahn owns more than 90% of IEP. The stock is around $53, and it pays $8/year in dividend.
Nothing in life is guaranteed, but rather than dropping $100k to pay for the Model X, I used the money to buy the stock. Use the dividends to make car payments. Once the car is paid off, “hopefully” the stock still holds its value.
Not financial advice of course. 🤑
Sound logic. Can’t argue against it.
Cameron Winklevoss
@cameron
Apr 12
Inflation broken down by month/"reason":
2021
Oct = 6.2% "transitory"
Nov = 6.8% "greedy corporations"
Dec = 7.0% "supply-chain bottlenecks"
2022
Jan = 7.5% "supply-chain bottlenecks"
Feb = 7.9% "oil prices"
Mar = 8.5% "Putin price hike"
What will they blame next?
The analysis of Securities and Exchange Commission filings for 100 US corporations found net profits up by a median of 49%,
The Federal government will soon pay more in interest on its debt than it receives in tax receipts if it’s forced to pay an interest rate that is much higher than today’s. That is the start of an insolvency doom loop. The obvious solution is to redirect the Fed off of its inflation-fighting path towards one of accommodation once more. Accommodation will come in the form of explicit price fixing of the Treasury curve, which is euphemistically called Yield Curve Control (YCC).
However bad you think we have it in the States, Europe is worse, China's economy isn't there, and people are giggling at Japan.
Misc says
However bad you think we have it in the States, Europe is worse, China's economy isn't there, and people are giggling at Japan.
Europe is continuing zirp/qe and thus the dollar has gotten stronger again and the Euro crashed. It's maybe somewhat worse over there, not by much though. You have more opportunities here to react to changes and make money from it as the US economy is still freer than Europe's, but the wealth gap is bigger here.
There is no European economy, it is all fake, people are just going through the motions. --- They will QE until they implode,
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net