Welcome to Thunderdome

Leisher wrote: ↑Fri Nov 10, 2023 10:16 am Mortgage rates crashed a bit this week.

Would the realtor scandal play into this at all?

Nope. 10 year bonds fell 50 basis points. And mortgages are decently correlated to 10 year bonds.

Catt, do these numbers work out? There's no way.

Leisher wrote: ↑Fri Nov 10, 2023 3:51 pm Catt, do these numbers work out? There's no way.

Possibly. At first glance, they seem in the right ballpark. The only immediate issue is that the $3,075/month is the CURRENT payout, so he's comparing a today # to the $1.9M growth, which is a 30 years in the future number. The $600k is half his contributions, and half employer contributions. But checks out if he works to age 67, and maxes out SS contributions every year.

I did some spreadsheets about SS years ago, and basically, if you are a high earner, it's a bad deal. But for more moderate earners (say $60k and under in today's $$) it's a much better deal.

It's a safety net, the government only invests excess in us bonds. So, yeah, could grow much better elsewhere.

This is awesome news because our economy is so strong, inflation is gone, and we have the best people running the government, right?

impossible everythig is great and ubemployment and gdp

Consumers losing faith in the Fed's ability to correct inflation.

CNN has a headline about how homes are no longer affordable.

Everything's fine.

Who could have seen this coming? Everything is fine.

Didn't you hear about the quarter GDP increase, though?

If you want to buy doom + gloom, there's no shortage of peddlers.

TheCatt wrote: ↑Mon Nov 13, 2023 4:19 pm If you want to buy doom + gloom, there's no shortage of peddlers.

“The party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

I mean, we're not just listening to doom and gloom, we're living it.

Leisher wrote: ↑Mon Nov 13, 2023 6:41 pm I mean, we're not just listening to doom and gloom, we're living it.

It really isn't that bad.

TheCatt wrote: ↑Mon Nov 13, 2023 7:06 pm

Leisher wrote: ↑Mon Nov 13, 2023 6:41 pm I mean, we're not just listening to doom and gloom, we're living it.

It really isn't that bad.

Not for you 1%ers, no.

Leisher wrote: ↑Mon Nov 13, 2023 8:23 pm

TheCatt wrote: ↑Mon Nov 13, 2023 7:06 pm

Leisher wrote: ↑Mon Nov 13, 2023 6:41 pm I mean, we're not just listening to doom and gloom, we're living it.

It really isn't that bad.

Not for you 1%ers, no.

I wish.

TheCatt wrote: ↑Mon Nov 13, 2023 8:59 pm

Leisher wrote: ↑Mon Nov 13, 2023 8:23 pm

TheCatt wrote: ↑Mon Nov 13, 2023 7:06 pm It really isn't that bad.

Not for you 1%ers, no.

I wish.

You would be if you'd stop buying losing lottery tickets.

Inflation continues to drop. 3.2% yoy. Flat month to month

https://www.cnbc.com/2023/11/14/cpi-inf ... -2023.html

TheCatt wrote: ↑Tue Nov 14, 2023 9:21 am Inflation continues to drop. 3.2% yoy. Flat month to month

That's good, but the general public still isn't feeling it.

I really do think that something needs to crash and hard to make life affordable for over half the country again. There are simply too many hands in our pockets, and worse, those hands think they can take any amount with no consequences.

Make housing and cars affordable again and the masses would be sated.

Inflation being down to 3.2% means that inflation is still happening, while most people haven't adjusted yet to the big increases of the last 12 months.

It isn't good news. It's just more news slightly less bad, relatively.

Leisher wrote: ↑Tue Nov 14, 2023 11:56 am Make housing and cars affordable again and the masses would be sated.

And health care and college?

GORDON wrote: ↑Tue Nov 14, 2023 12:02 pm And health care and college?

I was told Obamacare fixed health care's unaffordability!

College costs will get fixed when we stop telling everyone that they must go to college. College is a scam. Most people and jobs do not need college degrees. Most college courses are complete horseshit and/or outdated knowledge. Also, AI is breaking colleges right now. (We should discuss that in the AI or college threads though.)

Kids shouldn't be spending four years partying only to graduate with crippling debt and no real job opportunities.

We should be pushing trade schools and encouraging corporations to do on the job training.