……but inflation is under control. Fucking dumbass Americans will eat a shit sandwich if Trump said it was good.

Gotta fund all this fraud, waste and abuse. If only we had a government department dedicated to weeding that all out

Just now, Skidooski said:

Gotta fund all this fraud, waste and abuse. If only we had a government department dedicated to weeding that all out

Gotsa fund my tax cut for the 2025 tax season and the big defense bill increase. BTW, did DOGE ever look at DOD?

1 minute ago, spin_dry said:

Gotsa fund my tax cut for the 2025 tax season and the big defense bill increase. BTW, did DOGE ever look at DOD?

Doubtful…..they just faded away into obscurity

Another promise made....

$40b a month is about $500b a year.

In 2021 it was $6.4t.

You need to work for a top level liberal news outlet with the way you present the facts...

With all the debt and out of control spending, you better be a saver. Own businesses, real estate, stocks, precious metals, crypto, etc. Values will continue to increase and those on the sidelines will be left out.

I'm 100% US equities outside our primary residence. Investing mainly in the S&P 500 which is up 102.5% in the last 5 years, a 15.2% CAGR.

After three years of financial tightening, the US is playing loose with money again. QE is typically reserved for times of economic crisis. Yet we’re all being fed that the economy is humming along beautifully. Hmmm.

38 minutes ago, teamgreen02 said:

With all the debt and out of control spending, you better be a saver. Own businesses, real estate, stocks, precious metals, crypto, etc. Values will continue to increase and those on the sidelines will be left out.

I'm 100% US equities outside our primary residence. Investing mainly in the S&P 500 which is up 102.5% in the last 5 years, a 15.2% CAGR.

Total CPI inflation has been 25% over the last 5 years ( I think that’s much to low). Add to that the ballooning national debt (which is our debt) and 102% is whistling in the dark. This can’t continue. Metals should never be viewed as an investment as some brokers are pushing. It’s a hedge against inflation at best. Some will be ready and some not. I look at the depression era for those who did ok. It was those who worked or invested in human necessities. Companies that grew, raised, or sold essential items. I’m afraid those who are invested in AI, the auto industry, and luxury items like restaurants will be fucked. One clear sign of this is the decline of people going to restaurants and purchasing cars through 2025. AI will be the public utilities of the 1929 crash. Highly leveraged with major dependence on government regulation to survive. The similarities are incredible.

Edited January 1Jan 1 by spin_dry

4 minutes ago, spin_dry said:

Total CPI inflation has been 25% over the last 5 years ( I think that’s much to low). Add to that the ballooning national debt (which is our debt) and 102% is whistling in the dark. This can’t continue. Metals should never be viewed as an investment as some brokers are pushing. It’s a hedge against inflation at best. Some will be ready and some not. I look at the depression era for those who did ok. It was those who worked or invested in human necessities. Companies that grew, raised, or sold essential items. I’m afraid those who are invested in AI, the auto industry, and luxury items like restaurants will be fucked. One clear sign of this is the decline of people going to restaurants and purchasing cars through 2025. AI will be the public utilities of the 1929 crash. Highly leveraged with major dependence on government regulation to survive. The similarities are incredible.

Any of those things is going to be better than blowing money at restaurants and on Amazon buying useless junk. Or having the fanciest new iPhone on 36 monthly payments. Or buying the $100K pickup at 8% for 84 months that will be a pile of rust by the time it's paid off. Owners are the only ones that will do better in the end. Your salary isn't going up 100% in 5 years, or doubling every 7 years like the S&P 500 normally does.

AI isn't going anywhere. We haven't even scratched the surface of what AI will be capable of doing in our lifetime. The issue we will run into in the near term is how all these companies monetize their AI investments. It may be a rocky road in the next 3-5 years but in the short term they are going to keep building. Everyone is afraid of being too late. I went through some data centers around Columbus, OH a couple months ago. Reminds me of the oil boom in North Dakota in the 2010s.

20 minutes ago, teamgreen02 said:

Any of those things is going to be better than blowing money at restaurants and on Amazon buying useless junk. Or having the fanciest new iPhone on 36 monthly payments. Or buying the $100K pickup at 8% for 84 months that will be a pile of rust by the time it's paid off. Owners are the only ones that will do better in the end. Your salary isn't going up 100% in 5 years, or doubling every 7 years like the S&P 500 normally does.

AI isn't going anywhere. We haven't even scratched the surface of what AI will be capable of doing in our lifetime. The issue we will run into in the near term is how all these companies monetize their AI investments. It may be a rocky road in the next 3-5 years but in the short term they are going to keep building. Everyone is afraid of being too late. I went through some data centers around Columbus, OH a couple months ago. Reminds me of the oil boom in North Dakota in the 2010s.

The amount of debt tied to AI has reached $1.5T and is rising faster than the national debt. It’s unsustainable. Then there’s this…..

https://www.norc.org/research/library/what-data-really-say-about-americans-ai-use.html

23 hours ago, spin_dry said:

Gotsa fund my tax cut for the 2025 tax season and the big defense bill increase. BTW, did DOGE ever look at DOD?

1 hour ago, spin_dry said:

After three years of financial tightening, the US is playing loose with money again. QE is typically reserved for times of economic crisis. Yet we’re all being fed that the economy is humming along beautifully. Hmmm.

1 hour ago, spin_dry said:

Total CPI inflation has been 25% over the last 5 years ( I think that’s much to low). Add to that the ballooning national debt (which is our debt) and 102% is whistling in the dark. This can’t continue. Metals should never be viewed as an investment as some brokers are pushing. It’s a hedge against inflation at best. Some will be ready and some not. I look at the depression era for those who did ok. It was those who worked or invested in human necessities. Companies that grew, raised, or sold essential items. I’m afraid those who are invested in AI, the auto industry, and luxury items like restaurants will be fucked. One clear sign of this is the decline of people going to restaurants and purchasing cars through 2025. AI will be the public utilities of the 1929 crash. Highly leveraged with major dependence on government regulation to survive. The similarities are incredible.

31 minutes ago, spin_dry said:

The amount of debt tied to AI has reached $1.5T and is rising faster than the national debt. It’s unsustainable. Then there’s this…..

https://www.norc.org/research/library/what-data-really-say-about-americans-ai-use.html

Good lord Eeyore, you should be enjoying retirement instead of being so scared and miserable.

1 hour ago, snoughnut said:

Good lord Eeyore, you should be enjoying retirement instead of being so scared and miserable.

Be prepared and aware.

great job bankrupting future generations Boomers!!!

Edited January 1Jan 1 by Crnr2Crnr