CATCHING UP ON THE READING
Ok we get it another recession is on the way let's get some suggestions on how to put ourselves in a position so we are not victims.
Personally i wasn't ready for the 2008 recession and left empty fucking handed not this TIME!
Personally i wasn't ready for the 2008 recession and left empty fucking handed not this TIME!
My plan is up my cash reserves. I got a Home Equity Line Of Credit on my rental property which gave me money to access. I am also looking into cashing out my 401K depending on the penalties.I've been reducing spending/saving money and in the process of selling my extra items on ebay. When the downturn hits,i'm purchasing rental real estate for bargain prices.
that's what i did in the last recession.
i ALWAYS have cash reserves and when the bottom fell out of the housing market, I bought two homes at bargain basement prices.
I always make sure I have liquid cash on hand and I make sure I don't owe a lot to anyone.
That's how I beat recessions.
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that's what i did in the last recession.
i ALWAYS have cash reserves and when the bottom fell out of the housing market, I bought to homes and bargain basement prices.
I always make sure I have liquid cash on hand and I make sure I don't owe a lot to anyone.
That's how I beat recessions.
I saw the last one coming and saved up.That said, I was really scared to buy and only bought one property.That property has increased in value 4x and i'm collecting enough in rent to cashflow well. That said, a big regret is all the great deals I saw but passed up over fear or BS. I doubt the next downturn will be as bad as 2008 for real estate in my local area,but I really see the value of pulling the trigger when numbers make sense.This next downturn I might invest in stocks if I see obvious bargains in "too big to fail" companies. I really hope I get opportunities in Real Estate though because thats what I know.
I think sometimes people forget that just because there is selling going on right now that there is buying also going on. The big boys are buying up all the stocks for really low prices right now and this downslide will end when all the weak investors are out the market and done selling because of the high level of fear. This is a general market cycle that will become more and more the norm since we are now in the day of 24 hours news and stock updates via our devices and trading on our cell phones.
Once all the stocks are bought by the big brokerages, companies and smart investors the markup phase will resume and then these companies will slowly start to redistribute these stocks to the average investor raking in trillions over the next couple years ending with new highs and then we will start this process over again.
Yea alot of people are loosing their ass right now because this downward trend has been longer then anticipated but there is a reason for "stops" in the market place and a reason to also invest in bonds and metals in a time like this.
The truth is the news has made people scared and the market is running on all emotion right now because everyone thinks the world is going to end. But like always when it doesnt the people with all the cheap stock are going straight to the top.....
This chart shows how high we have climbed in the past couple years alone...... we have fallen alot but obviously we have had extreme growth..... Does anyone really think that was sustainable at that rate? Or better yet do you think that the drop is a little over blown at this point? We have fallen alot but not near the level equal to the recession of 2008%
while looking at this and the DJIA going back to 1987... have you ever stopped to consider - for even a second....
the possibility that since sometime after 96 the entire market has been propped up on series of overlapping bubbles?
bump
Dow closed up triple digits today!
15,882.68 ......... ^ 115.94 (0.74%)
Like I keep saying...
Don't panic folks.
Dow closed strong again today!
16,093.51 ^ 210.83 (1.33%)
no recession... just the regular panic attacks with today's minute-to-minute 24 hour coverage of the markets.
...nothing to see here.
The technology behind bitcoin is coming to high finance faster than anyone predicted
http://www.businessinsider.com/11-b...ockchain-technology-to-trade-2016-1?r=UK&IR=T
http://www.businessinsider.com/11-b...ockchain-technology-to-trade-2016-1?r=UK&IR=T
BANK OF AMERICA: The global economy is experiencing 'death by 1000 blows'
http://www.businessinsider.com/bank-of-america-lowers-global-economic-forecast-for-2016-2016-1
http://www.businessinsider.com/bank-of-america-lowers-global-economic-forecast-for-2016-2016-1
There's really only one question on Wall Street right now
http://www.businessinsider.com/theres-really-only-one-question-on-wall-street-right-now-2016-1
http://www.businessinsider.com/theres-really-only-one-question-on-wall-street-right-now-2016-1
bookmarking for the reading. Im not a big reader but when it comes to money or porn related issues. I am focused.
Don't see how you see this as a good thing... You get that the start of the year the markets were at 17,500 and went down to 15,500 then jumped back up to 16k. Every day the market has been effected by what is going on globally. This is not a buying season. You will more than likely lose IMO.Dow closed strong again today!
16,093.51 ^ 210.83 (1.33%)
no recession... just the regular panic attacks with today's minute-to-minute 24 hour coverage of the markets.
...nothing to see here.
============
this is not going to bounce back. I'm interested to see what this week brings with the World Economic Forum in Davos over Saturday, but think oil will continue to go down and so will the markets. The Fed can no longer print money, they can't get us out of the $19T this country is in debt. The govt is broke with no money to pay anything back without reseting everything globally.
Rob Kirby joins me to expose extremely important economic information which the majority of the world knows nothing about.
Rob says, "We are talking about something here that is extremely dark. This is a very dark entity. This is one of the most closely guarded secrets that America has."
The men behind the curtain have been using this top secret deep state funding source to manipulate world events and currencies for nearly 100 years.
Global oil glut sends US stock markets plummeting
Dow finishes down over 200 points and global markets dip after crude oil prices fall on news that Iraq will inject record oil production into oversupplied market
The declines on Monday followed a two-day rally on Wall Street last week and all but wiped out the gains. Photograph: Brendan Mcdermid/Reuters
US stock markets fell once more Monday as a renewed slump in oil prices, anxiety over global economic growth and central bank policies all but wiped out last week’s brief recovery.
The Dow Jones Industrial Average lost more than 200 points, or 1.3%, and the S&P 500 and tech-heavy Nasdaq both fell over 1.5%. European markets had already finished the day down: in London the FTSE 100 closed down 23.01 points, or 0.39%, Germany’s DAX dropped 0.29% and France’s Cac fell 0.58%.
whole story here:
http://www.theguardian.com/business...-down-oil-prices-global-economy-central-banks
Dow finishes down over 200 points and global markets dip after crude oil prices fall on news that Iraq will inject record oil production into oversupplied market
The declines on Monday followed a two-day rally on Wall Street last week and all but wiped out the gains. Photograph: Brendan Mcdermid/Reuters
US stock markets fell once more Monday as a renewed slump in oil prices, anxiety over global economic growth and central bank policies all but wiped out last week’s brief recovery.
The Dow Jones Industrial Average lost more than 200 points, or 1.3%, and the S&P 500 and tech-heavy Nasdaq both fell over 1.5%. European markets had already finished the day down: in London the FTSE 100 closed down 23.01 points, or 0.39%, Germany’s DAX dropped 0.29% and France’s Cac fell 0.58%.
whole story here:
http://www.theguardian.com/business...-down-oil-prices-global-economy-central-banks
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Red flag: Oil company defaults are spiking
by Heather Long @byHeatherLongJanuary 22, 2016: 5:05 PM ET
American oil companies are starting to scream "mayday."
Last year, 42 North American drillers filed for bankruptcy, according to law firm Haynes and Boone. It's only likely to get worse this year.
Experts say there are a lot of parallels between today's crisis and the last oil crash in 1986. Back then, 27% of exploration and production companies went bust.
Defaults are skyrocketing again. In December, exploration and production company defaults topped 11%, up from just 0.5% the previous year, according to Fitch Ratings. That's a 2,000%-plus jump.
It's just the beginning, says John La Forge, head of real assets strategy at Wells Fargo. If history repeats, people should prepare for the default rate to double in the next year or so.
No wonder America's biggest banks are setting aside a lot of money in anticipation that more energy companies will go belly up.
Related: Why you should worry about cheap oil
Oil prices plunged 70%
Energy companies borrowed a lot of money when oil was worth over $100 a barrel. The returns seemed almost guaranteed if they could get the oil out of the ground. But now oil is barely trading just above $30 a barrel and a growing number of companies can't pay back their debts.
"The fact that a price below $100 seemed inconceivable to so many is kind of astonishing," says Mike Lynch, president of Strategic Energy and Economic Research. "A lot of people just threw money away thinking the price would never go down."
On the last day of 2015, Swift Energy, an "independent oil and gas company" headquartered in Houston, became the 42nd driller to file for bankruptcy in this commodity crunch. The company is trying to sort out over $1 billion in debt at a time when the firm's earnings have declined over 70% in the past year. Trimming costs and laying off workers can't close that kind of gap.
"In the 1980s, there was a bumper sticker that people in Texas had that said, 'God give me one more boom and I promise not to screw it up,'" says Lynch. "People should have those bumper stickers ready again."
Related: Big banks brace for oil loans to implode
A lot like 1986
The last really big oil bust was in the late 1980s. The Saudis really controlled the price then, says La Forge. Now the Saudis (and other members of OPEC) are in a battle with the United States, which has become a major player again in energy production.
No one wants to cut back on production and risk losing market share.
"It will be the U.S. companies that go out of business," predicts La Forge. OPEC countries don't have a lot of smaller players like the United States does. It's usually the government that controls oil drilling and production in OPEC nations. La Forge predicts the governments can hold their position longer.
As the smaller players run out of cash, they will get swallowed up by bigger ones.
"The big boys and girls will snap up a lot of cheap assets," predicts Lynch.
Related: Saudi Arabia says it can handle low oil prices 'for a long, long time'
Are oil prices set to rebound?
There's a lot of debate about whether oil prices have bottomed out. Crude oil hit its lowest price since 2003 this week. But even if prices have stabilized, the worst isn't over for oil companies.
"Some companies went under in 1986-'87 even when prices rebounded," says La Forge.
This week, Blackstone (BGB) CEO Stephen Schwarzman said his firm is finally taking a close look at bargains in the energy sector.
One of the largest bankruptcies so far is Samson Resources of Oklahoma. In 2011, private equity firm KKR (KKR) bought it for over $7 billion. Now it's struggling to deal with over $1 billion in debt that's due this year alone.
Companies are using bankruptcy to restructure -- a code word for eliminating debt or not paying creditors back in full. Hercules Offshore, another Houston-based company, filed for bankruptcy over the summer. It has already emerged from it.
Concerns of what's ahead have sent jitters through the junk bond market. The energy sector makes up about a fifth of the high-yield bond index. A panic in the junk bond market in December dragged stocks down temporarily too.
by Heather Long @byHeatherLongJanuary 22, 2016: 5:05 PM ET
American oil companies are starting to scream "mayday."
Last year, 42 North American drillers filed for bankruptcy, according to law firm Haynes and Boone. It's only likely to get worse this year.
Experts say there are a lot of parallels between today's crisis and the last oil crash in 1986. Back then, 27% of exploration and production companies went bust.
Defaults are skyrocketing again. In December, exploration and production company defaults topped 11%, up from just 0.5% the previous year, according to Fitch Ratings. That's a 2,000%-plus jump.
It's just the beginning, says John La Forge, head of real assets strategy at Wells Fargo. If history repeats, people should prepare for the default rate to double in the next year or so.
No wonder America's biggest banks are setting aside a lot of money in anticipation that more energy companies will go belly up.
Related: Why you should worry about cheap oil
Oil prices plunged 70%
Energy companies borrowed a lot of money when oil was worth over $100 a barrel. The returns seemed almost guaranteed if they could get the oil out of the ground. But now oil is barely trading just above $30 a barrel and a growing number of companies can't pay back their debts.
"The fact that a price below $100 seemed inconceivable to so many is kind of astonishing," says Mike Lynch, president of Strategic Energy and Economic Research. "A lot of people just threw money away thinking the price would never go down."
On the last day of 2015, Swift Energy, an "independent oil and gas company" headquartered in Houston, became the 42nd driller to file for bankruptcy in this commodity crunch. The company is trying to sort out over $1 billion in debt at a time when the firm's earnings have declined over 70% in the past year. Trimming costs and laying off workers can't close that kind of gap.
"In the 1980s, there was a bumper sticker that people in Texas had that said, 'God give me one more boom and I promise not to screw it up,'" says Lynch. "People should have those bumper stickers ready again."
Related: Big banks brace for oil loans to implode
A lot like 1986
The last really big oil bust was in the late 1980s. The Saudis really controlled the price then, says La Forge. Now the Saudis (and other members of OPEC) are in a battle with the United States, which has become a major player again in energy production.
No one wants to cut back on production and risk losing market share.
"It will be the U.S. companies that go out of business," predicts La Forge. OPEC countries don't have a lot of smaller players like the United States does. It's usually the government that controls oil drilling and production in OPEC nations. La Forge predicts the governments can hold their position longer.
As the smaller players run out of cash, they will get swallowed up by bigger ones.
"The big boys and girls will snap up a lot of cheap assets," predicts Lynch.
Related: Saudi Arabia says it can handle low oil prices 'for a long, long time'
Are oil prices set to rebound?
There's a lot of debate about whether oil prices have bottomed out. Crude oil hit its lowest price since 2003 this week. But even if prices have stabilized, the worst isn't over for oil companies.
"Some companies went under in 1986-'87 even when prices rebounded," says La Forge.
This week, Blackstone (BGB) CEO Stephen Schwarzman said his firm is finally taking a close look at bargains in the energy sector.
One of the largest bankruptcies so far is Samson Resources of Oklahoma. In 2011, private equity firm KKR (KKR) bought it for over $7 billion. Now it's struggling to deal with over $1 billion in debt that's due this year alone.
Companies are using bankruptcy to restructure -- a code word for eliminating debt or not paying creditors back in full. Hercules Offshore, another Houston-based company, filed for bankruptcy over the summer. It has already emerged from it.
Concerns of what's ahead have sent jitters through the junk bond market. The energy sector makes up about a fifth of the high-yield bond index. A panic in the junk bond market in December dragged stocks down temporarily too.
What part of the shale revolution being synthetic don't you understand? The same day Iran is being censored the fracking store opens up. Well, Iran is free to play and those other guys can leave that dangerous stuff alone.
Record $5.5tn in govt bonds with negative yields
Japan's surprise decision to cut interest rates has reverberated across global markets, pushing the universe of government bonds that trade at negative yields to a record $5.5tn, writes Elaine Moore.
Fears for economic deterioration and increasingly abnormal policies adopted by global central banks to ward off the threat of deflation have resulted in a bizarre scenario in which investors pay governments to hold their money.
Figures from JPMorgan show that negative rates, once considered only theoretically possible, now account for one quarter of the index for government bonds.
whole story: http://www.cnbc.com/2016/01/29/record-55tn-in-govt-bonds-with-negative-yields.html
Japan's surprise decision to cut interest rates has reverberated across global markets, pushing the universe of government bonds that trade at negative yields to a record $5.5tn, writes Elaine Moore.
Fears for economic deterioration and increasingly abnormal policies adopted by global central banks to ward off the threat of deflation have resulted in a bizarre scenario in which investors pay governments to hold their money.
Figures from JPMorgan show that negative rates, once considered only theoretically possible, now account for one quarter of the index for government bonds.
whole story: http://www.cnbc.com/2016/01/29/record-55tn-in-govt-bonds-with-negative-yields.html
Why 2016 keeps getting uglier for US economy
When it comes to economic growth, 2016 is looking a lot like 2015 — and probably even worse.
When it comes to economic growth, 2016 is looking a lot like 2015 — and probably even worse.
Friday's report showing that gross domestic product grew just 0.7 percent in the fourth quarter brought to conclusion another year of dashed hopes for economic liftoff — "escape velocity," as it is sometimes called.
Seven years of zero interest rates, $3.7 trillion worth of Fed money printing and more than $6 trillion piled onto the public debt resulted in an economy still struggling to break 2.5 percent full-year growth. In fact, if the first reading on GDP holds up on revision, the U.S. economy will have expanded just 2.4 percent for the full year, according to the Commerce Department.
At the start of 2015, most economists expected U.S. growth of 3 percent or better, predicated on sizable gains in consumer spending, business investment and construction. Instead, the year featured consumers mostly hanging onto their gas savings, weak capital expenditures (including a decline of 1.8 percent in the fourth quarter) and slumping oil prices battering investment instead of lifting spending.
Looking ahead, the early indicators are not good, with chances of a recession gaining more traction on Wall Street.
While many of the latest economic numbers, including the GDP reading, are a pretty good distance from recession, troubles are brewing in some less obvious places.
Looking ahead, the early indicators are not good, with chances of a recession gaining more traction on Wall Street.
While many of the latest economic numbers, including the GDP reading, are a pretty good distance from recession, troubles are brewing in some less obvious places.
Most notably, the bond market has been screaming recession for weeks.
Spreads on high-yield bonds have widened beyond 800 basis points (8 percentage points), gaps that for the past 30 years always have presaged either a recession or "growth scare," according to Tom Lee, managing partner at Fundstrat Global Advisors.
The high-yield market is pricing in a 9 percent default rate, something akin to the 1990 recession, a comparatively shallow downturn that nevertheless helped sink President George H.W. Bush's re-election bid in 1992. Standard & Poor's said its current corporate bond distress level of 29.6 percent is at its highest level since July 2009. S&P said it downgraded 165 issuers in the fourth quarter compared with just 38 upgrades.
full story: http://www.cnbc.com/2016/01/29/why-2016-keeps-getting-uglier-for-us-economy.html
full story: http://www.cnbc.com/2016/01/29/why-2016-keeps-getting-uglier-for-us-economy.html
DOW JONES INDUSTRIAL AVERAGE INDEX TODAY
16,466.30 ......^396.66 / +2.47%
I think we're gonna be alright.
16,466.30 ......^396.66 / +2.47%
I think we're gonna be alright.
everyone keeps posting about the doom and gloom, yet nobody will answer this man's question
everyone keeps posting about the doom and gloom, yet nobody will answer this man's question
I'm saving cash for the upcoming real estate downturn. I'm thinking of selling my real estate holding as well.I recently contemplated investing in Testla after their announcement of their 30K car, but thought of this thread. I believe the advice is relative to your situation,but in all people should reduce spending and save up to get stocks and /or real estate on the downturn of their cycle.
one thing I have been researching is precious metals like gold and silver. more of a preservation of wealth. I cant afford gold but I can get some silver. I am eyeballing some of those silver eagles when my refund comes back. plus I am already trying to get at least 5 rental properties before this thing goes south....maybe I should wait. hell I don't know but I cant sit on my ass and not do nothing.
BGOL....IM WAITING ON YOU TO COME THROUGH WITH DA 411. DONT LET A BROTHER DOWN!!!
BGOL....IM WAITING ON YOU TO COME THROUGH WITH DA 411. DONT LET A BROTHER DOWN!!!
Here the Fed is mulling over bailing in the banks. Y'all don't think this is nuts?
http://www.federalreserve.gov/newsevents/press/bcreg/20160129b.htm
http://www.federalreserve.gov/newsevents/press/bcreg/20160129b.htm
They are essentially privating profits and publicizing losses....either way the banks get paid. THIS ABSOLUTELY WILL CAUSE A RUN ON THE BANKS...I DONT NEED TO PAY A MOFO TO KEEP MY MONEY IN HIS BANK. AAAANNNNDDDD this would explain why I couldn't get a large sum of money 2 weeks ago to pay off the rest of my debt. 2 more weeks and I will BS debt free....except for da house....and imam work hard on that bitch.
DOW JONES INDUSTRIAL AVERAGE INDEX TODAY
16,466.30 ......^396.66 / +2.47%
I think we're gonna be alright.
big MAYBE here, short time anyway long term of course we will be "alright"
Read the comments...
This map shows all the central banks with negative interest rates
By Joseph Adinolfi
Published: Jan 29, 2016 1:02 p.m. ET
http://www.marketwatch.com/story/th...banks-with-negative-interest-rates-2016-01-29
This map shows all the central banks with negative interest rates
By Joseph Adinolfi
Published: Jan 29, 2016 1:02 p.m. ET
http://www.marketwatch.com/story/th...banks-with-negative-interest-rates-2016-01-29
"Pandora's Box Is Open": Why Japan May Have Started A 'Silent Bank Run
http://www.zerohedge.com/news/2016-...-warns-japan-may-have-started-silent-bank-run
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My opinion, the last recession, the housing market was the bubble, they propped it up with the markets and kept investors somewhat smiling.
This is different. What's coming is a lot worse and there's no cushion.
Friday's bump in the markets was just short coverings of positions or margin calls. Don't fall for it.
http://www.zerohedge.com/news/2016-...-warns-japan-may-have-started-silent-bank-run
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My opinion, the last recession, the housing market was the bubble, they propped it up with the markets and kept investors somewhat smiling.
This is different. What's coming is a lot worse and there's no cushion.
Friday's bump in the markets was just short coverings of positions or margin calls. Don't fall for it.
Mixd, you seem to be obsessed with the idea of a run on the banks.
a run on the banks is not going to happen any time soon.
this is just another correction phase in the markets because of nervous investors.
it's not that serious.
a run on the banks is not going to happen any time soon.
this is just another correction phase in the markets because of nervous investors.
it's not that serious.
Ok well I guess we'll all see what is coming around the corner.