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Thread: happy days are back

  1. #11

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    i just dont know what to do. buy another gold ounce coin or buy a bit more bitcoin ???

  2. #12

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    Quote Originally Posted by maxwellsilverhammer View Post
    i just dont know what to do. buy another gold ounce coin or buy a bit more bitcoin ???
    deciding on what to spend on the stimulus check uh?
    Nice choice to have

  3. #13

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    Quote Originally Posted by maxwellsilverhammer View Post
    i just dont know what to do. buy another gold ounce coin or buy a bit more bitcoin ???
    Do you want to gamble on a quick, sharp gain/loss? Or do you want to preserve wealth over a long period of time?

    I do now realize that shrinking the stimulus check from the originally promised $2k to $1,400, prevents it from being enough to by a Krugerand. I am left to wonder if that reality might have figured into the politicians' choice for the amount.
    Last edited by SilverPalm; 03-10-2021 at 07:43 AM.

  4. #14

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    Quote Originally Posted by SilverPalm View Post
    Do you want to gamble on a quick, sharp gain/loss? Or do you want to preserve wealth over a long period of time?

    I do now realize that shrinking the stimulus check from the originally promised $2k to $1,400, prevents it from being enough to by a Krugerand. I am left to wonder if that reality might have figured into the politicians' choice for the amount.
    By the time we get it, it might not be enough to buy a brick of .22 LR
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  5. #15

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    Quote Originally Posted by t00nces2 View Post
    By the time we get it, it might not be enough to buy a brick of .22 LR
    Okay, spill the bullets.... where is this brick of 22s you speaketh of?

    Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

  6. #16

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    Quote Originally Posted by Westerner View Post
    Okay, spill the bullets.... where is this brick of 22s you speaketh of?

    Well, I certainly can't claim to have them all, but my fair share are sitting right where they belong. Right within the greedy confines of my gun vault!

  7. #17

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    i have one bullet myself thinking of selling my mosin's and the 762.54 rounds on gunbroker to use the proceeds for gold

  8. #18

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    Quote Originally Posted by Markpti View Post
    Used to be, that the only "strong" concern in our land was the occasional recession (mid fifties on), how quickly we could recover (pretty fast) and how to deal with Russian and the nuclear threat. Not to forget how to finally fix a structural government need to resolve the civil rights issue and France taking our gold. Who ever said it was gonna be easy?

    In Austrian School thought, I never accepted Trump's economic numbers as their were 'other economic number" that were still bad and getting worse. I saw it all as a marketing job.

    I'm not sure of the exact numbers but it seems like half our nation cannot sustain themselves and we are really under a form of seige by disaffected armies of socialists, homeless with a significant group of black Americans leveraging a very poor racist story to finish the job of political power.

    Now, the Bush, Obama, Trump deficits are going to probably "pale" comparatively speaking - supposedly bailing out every other previous mistake we ever made.

    I don't see us getting better. Our nation is divided in have by politics and religion. People are losing their ability to think and cope.

    It matters little whether the election was stolen or not. But what will force violent conflict among us is the loss of faith in our governmental institutions, judicial systems and our election process.

    These institutions and processes may be on-the-edge of failure.

    What will drive us over that edge is the recognition of the collapse of those aspects of our civics. Recognition of the failure of our government will bring velocity of money, unaffordable costs and empty store shelves. In a debt-driven monetary system, there is a connection.

    Anybody try to buy lumber these days? Jones breakfast sausage just went up another 60 cents a package. Has anyone measured the per-ounce price of Hagan Daz these days?

    Old metrics on inflation don't mean much any more.

    You're right Ryanferr....the engineered new monetary theory can still work and likely will in toward 2021. But when our government must keep printing....enabling our enemies and adversaries to do the same - only spend it smarter and better (to our destruction), we Austrians don't consider this an "economy". It's more a Video Game.

    I apologize for going over the same-ole, same ole, but if you think about it, our civics have gotten worse even in just 2 years.
    I appreciate you agreeing with at least part of my point, but my comments keep getting deleted in basically every thread I post in with no reasons provided, so it's hard to have a continued conversation. Our optimism for at least the 2H 2021 is certainly shared by others....in fact Morgan Stanley raised its 2021 forecast of US economic growth to 7.3% from 6.5% on the news the current stimulus package being discussed is likely to pass. That's a pace unsurpassed since the Korean War boom. The OECD on Tuesday more than doubled its 2021 US growth forecast as well as it incorporated the latest aid package into its models.

    I don't really see why this is such a controversial topic on these boards...there's something in that narrative for everyone. If you are an MMTer you're pumped about the fiscal restraints being shaken off. If you're an economic historian you're excited to see policy makers not make the same mistakes as 2009/2010. If you're a political junkie it will be interesting to see how direct payments to individuals playout and assess their efficacy to see if this develops into a new policy tool for our Recession Tool Box. If you're a value investors you're excited by those GDP forecasts because it finally gives lift to value investments that for so long were hampered by low economic growth (note the recent rotation out of tech and in to energy). And if you're a gold bug / inflation hawk the idea that policy makers are going to err on the side of running the economy hot and letting inflation go beyond the 2% target for a time as they prioritize employment over inflation provides fuel for the gold thesis, even more so than 2008/2009 given the fiscal firepower being deployed now is larger and inflation targeting at the expense of employment targeting is no longer en vogue. Recall the American Recovery and Reinvestment Act of 2009 was only sized at $787 billion and had some material constraints to it in comparison to the COVID stimulus packages ("shovel ready jobs" versus direct checks and aids to states).
    Last edited by Ryanferr; 03-10-2021 at 10:40 AM.
    The answers are in the data

  9. #19
    Join Date
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    Quote Originally Posted by Ryanferr View Post
    I appreciate you agreeing with at least part of my point, but my comments keep getting deleted in basically every thread I post in with no reasons provided, so it's hard to have a continued conversation. Our optimism for at least the 2H 2021 is certainly shared by others....in fact Morgan Stanley raised its 2021 forecast of US economic growth to 7.3% from 6.5% on the news the current stimulus package being discussed is likely to pass. That's a pace unsurpassed since the Korean War boom. The OECD on Tuesday more than doubled its 2021 US growth forecast as well as it incorporated the latest aid package into its models.

    I don't really see why this is such a controversial topic on these boards...there's something in that narrative for everyone. If you are an MMTer you're pumped about the fiscal restraints being shaken off. If you're an economic historian you're excited to see policy makers not make the same mistakes as 2009/2010. If you're a political junkie it will be interesting to see how direct payments to individuals playout and assess their efficacy to see if this develops into a new policy tool for our Recession Tool Box. If you're a value investors you're excited by those GDP forecasts because it finally gives lift to value investments that for so long were hampered by low economic growth (note the recent rotation out of tech and in to energy). And if you're a gold bug / inflation hawk the idea that policy makers are going to err on the side of running the economy hot and letting inflation go beyond the 2% target for a time as they prioritize employment over inflation provides fuel for the gold thesis, even more so than 2008/2009 given the fiscal firepower being deployed now is larger and inflation targeting at the expense of employment targeting is no longer en vogue. Recall the American Recovery and Reinvestment Act of 2009 was only sized at $787 billion and had some material constraints to it in comparison to the COVID stimulus packages ("shovel ready jobs" versus direct checks and aids to states).
    I don't get why or who would delete any of your (or part of) comments. I really enjoy your encapsulation of the more optimistic side of the story. There are many contending and conflicting pressures/forces involved in politics and economics and I find myself generally trying to evaluates as much of them as I can. Not that I'm good at it. But, that is one aspect of what makes life interesting, isn't it. Unless we live high in the wilderness, we are forced to deal with and be affected by it all. Even then, you have to worry about those hungry wild animals, don't you.
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  10. #20

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    Thanks for some nice replies to read gents. Ryanfer you missed mentioning the bitcoin inflation play, the gold alternative.

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