US Economy

[mplsdunk]

My grandparents got their house in 2008 brand new for like 300k. Joint is worth 800k now.

they were practically giving away houses in south fl then.

I might **** around and move next door to them if it ever happens again.

 

[boris]

deflection!

highest in over 30 years....yeah, money flowin

$0.50 > $0, which would be “better off”.

 

[gry60]

*looks at time*

*grins*

*goes back to sleep*

So you were awake too?
You only get to laugh if you're living off passive income.

My grandparents got their house in 2008 brand new for like 300k. Joint is worth 800k now.

they were practically giving away houses in south fl then.

I might **** around and move next door to them if it ever happens again.

Just so you know:

Antarctica Sets Record High Temperature: 64.9 Degrees (Published 2020)

“This is the foreshadowing of what is to come,” a researcher said. “It’s exactly in line of what we’ve been seeing for decades.”

www.nytimes.com

You might wanna tell them to sell and move to a higher altitude, considering that we might see sea levels 10 ft above current levels in our lifetime.

 

[mplsdunk]

They know, they are inland a couple miles.

 

[debso]

I don’t care about politics but y’all real childish and corny making personal attacks on dude because he’s a trump supporter. Just lurking to learn more about politics and all I see is some petty ****. I just want some unbiased info smh.

then go to the political thread.

 

[johnnyredstorm]

deflection!

highest in over 30 years....yeah, money flowin

And what happened shortly after people made those claims historically?

 

[41239]

Yeah also (mentioned this in TAN) the 401k booming is not actually real for us younger folks anyway. You can't cash that money out...you aren't getting dividends from your 401k. It is all fake money until you retire and can draw down on it. So in essence if the stock market crashes in 15 years and your 401k drops off a cliff...this booming economy means absolutely nothing.

I understand you want the constant growth until you retire but trying to say that the booming economy is benefiting your 401k right now..when you are in your 30s...is kind of a non-point.

i can cash out my 401k whenever

 

[jking0821]

i can cash out my 401k whenever

I mean i am not really well versed in the multitude of 401k options. But you face penalties if you withdraw before 55 years old (or 59 1/2 i don't remember but early withdraw penalties can be really really steep). There are exceptions and maybe you are in some 401k that allows penalty free withdraws? But for most people that is not the case

 

[gry60]

I mean i am not really well versed in the multitude of 401k options. But you face penalties if you withdraw before 55 years old (or 59 1/2 i don't remember but early withdraw penalties can be really really steep). There are exceptions and maybe you are in some 401k that allows penalty free withdraws? But for most people that is not the case

Aren't those penalties mandated by the IRS? They apply across the board.

 

[thegreatbean]

some folks would love to go back to da gold standard however we operate on a petrol dollar.

It doesn’t matter if we go back to gold standard. What matters is the freedom of choice to choose how you want to get paid, in a devalue currency or in a hard asset or in crypto currency.

Not to say gold is bullet proof. At one time the kings of England manipulated their gold coins by shaving off the edges of a coin or adding a different metal to a coin and saying it’s 100% gold. Now there are law prohibiting this and if you get caught the penalty is death.

But for those interested, there’s a good, informative books called The skyscraper curse by Mark Thornton. Highly recommend this book. It might be slow at first but it delivers. You could find the free audio book version at mises.org under podcast under boom and bust. Or just look up mark thorton.

 

[fluid hips]

why didn't you buy property when houses were going for Footlocker friends and family discounts during da great recession?

I was in high school

 

[c flyness]

 

[Xennial]

 

[friscostylez]

i hate these arguments since it's never really comparing apples to apples.

for instance, the average women with an advanced degree in Art History will get paid less than the average men with STEM degrees.

 

[Christian Pulisic]

Why hasn't anyone posted in here for a week?

 

[WAKKO!]

Why hasn't anyone posted in here for a week?

Because everyone is good now financially

 

[Christian Pulisic]

Because everyone is good now financially

Oh thank heavens. I was concerned.

 

[johnnyredstorm]

Oh thank heavens. I was concerned.

Probably because the stock market is avalanching and people aren’t feeling as good as they used to

 

[Christian Pulisic]

 

[mplsdunk]

Impeach him again.

 

[dipsetgeneral]

So are we still going to bash Donald John Trump for not doing anything in his time in the oval office?

 

[wballz]

Why hasn't anyone posted in here for a week?

We're all too busy trading weekly puts at the Stock Market thread. Come join, tons of money to be had.

 

[Christian Pulisic]

 

[llerraj]

Just reached out to my Financial Advisor. Likely going to have my portfolio adjusted to Conservative to protect from further losses. All because people can't keep vermin out of their diets.

 

[johnnyredstorm]

This sell off has nothing to do with corona virus. Don’t let the media fool you.