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60
Eric Holder
2024 Mar 26, 2:56pm
Eric Holder
2024 Mar 26, 2:56pm
AD says
Gas prices are creeping up now. It can't be good for the incumbent. Why aren't they "manipulating" them down?
gas prices conveniently or "miraculously" increased after the 2022 midterms because of how they manipulated and misused the strategic oil reserve
Gas prices are creeping up now. It can't be good for the incumbent. Why aren't they "manipulating" them down?
61
NuttBoxer
2024 Mar 26, 4:52pm
NuttBoxer
2024 Mar 26, 4:52pm
Price suppression only goes so far. The natural force of the free market cannot be contained forever. Hyperinflation is the only logical outcome of central banking..
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As interest rates rise, the math says that it's better if invest any spare cash rather than pay down debt, which is at a low fixed rate (house, student loan, small car loan). However, particularly with the mortgage, there is something to be said for the peace of mind of having it behind me and owning my home outright. I'm fully funding my 401(k), and have a six month emergency fund, but until now, any "free cash" beyond that, I've been diverting to the mortgage. As I sit right now, the goal is have it paid off in the next 5 to 7 years. With high yield savings paying about 4% right now, that's a 1% spread relative to my 3% mortgage.
As much as I could try to invest in the market 1) I'm not that good, and 2) the market has more or less peaked, and I don't see another major bull market given that we are seeing the end of the "everything bubble". Once I own the house free and clear, then I'll have plenty of "play money" to invest or whatever and hopefully catch the next upswing.