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May 4, 2021
11:16:35pm

Moops Starter

Thanks for the replies.

My wife and I have always strived to live within our means and have modest debts. The optimistic side of me feels mostly confident we'd be alright if said depression hit... Reading some posts in this thread is helping me to remember that in this random night of internet posting panic.

Some great responses here. Thanks all.

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Moops

Previous username: Klompus
Bio page: Moops
Joined: Aug 6, 2018
Last login: Apr 19, 2024
Total posts: 2,305 (1 FO)

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Messages

Author

Time

Alright CB, talk me out of my Doomsday mood with the economy.

Moops

5/4/21 10:01pm

You're likely right.

Ragnar Danneskjold

5/4/21 10:05pm

RE: You're likely right.

(Private)

5/4/21 10:13pm

Woah. Obama as a kid?

TNT

5/4/21 10:40pm

Can you find some place cheap?

BYULAWGUY

5/4/21 10:08pm

New Mexico... since our govt stinks, economy shut down, etc... CHEAP

Xenon

5/5/21 5:14am

Wait, there is a New Mexico?

BYULAWGUY

5/5/21 5:19am

Sorry Xenon. Although it’s cheaper, house values have been rising here too. Mine

LaserCoug

5/5/21 6:24am

Prices rises in some places ... but not as fast as most of the country

Xenon

5/5/21 6:36am

I’m just glad I don’t need to move to one of these hot markets

LaserCoug

5/5/21 6:43am

So ... thread from earlier looks like 30% year over year vs 10% in New Mexico

Xenon

5/5/21 10:04am

Probably will help that Intel is dropping 3.5 billion in my town

LaserCoug

5/5/21 8:52am

You are right. However it's very difficult to time. I have a colleague who has

Agnostic-alumni

5/4/21 10:10pm

I think you’re right but i think you need to give it a few more years

Heath Squashwell

5/4/21 10:11pm

You're crazy.

BlueTooth

5/4/21 10:13pm

printing money benefits us now at the expense of future generations.. with this much cash in the world I don't see how

HarlemCoug

5/4/21 10:16pm

The economy would have collapsed already, if it wasn’t the basis for temples and

OU Cougar

5/4/21 10:17pm

The future is as bright as your faith

grosven

5/4/21 10:17pm

It will be fascinating to see how this plays out, there will be a correction

4slyce

5/4/21 10:20pm

You’re crazy. We can kick the fiscal can down the road for decades. Look at

5/4/21 10:28pm

Geez. You're the indicator of when to buy.

Stev_ie

5/4/21 10:29pm

Predictions nonstop for exact same reasons since 1965. Someday it will happen.

roseyscenario

5/4/21 10:44pm

Boardname checks out 😉

Moops

5/4/21 11:07pm

Great post. Technology is deflationary and

grosven

5/4/21 11:08pm

My concern and the reason I feel we're closer to what Moops said is that the American people are declining in their

CoogsWin

5/5/21 12:43am

There it is. The “your generation sucks” argument. As old as Moses.

ebv

5/5/21 6:37am

Our generation does suck

Backcountry

5/5/21 6:53am

Each generation sucks in its own ways. It's pretty annoying when a previous one

ebv

5/5/21 10:28am

I agree with a lot of this but I think it might take a while to have full effect

MetaLearner

5/5/21 9:47am

I think having no mortgage is the opposite of the correct move.

Backcountry

5/4/21 10:57pm

RE: Alright CB, talk me out of my Doomsday mood with the economy.

BYU Grounds

5/4/21 11:07pm

Thanks for the replies.

Moops

5/4/21 11:16pm

Hope for the best, prepare for the worst. Win/win all around

Nat Gas Man

5/4/21 11:22pm

You must read Jack Reacher

Moops

5/4/21 11:40pm

Ray Dalio's book on Big Debt Crises has a lot of data to consider from the build-up to past crises.

Sandstone Cougar

5/4/21 11:46pm

We should prepare our portfolios accordingly. You can do it without

Stev_ie

5/5/21 12:29am

That is the goal for a total power grab. Biden's plan working to perfection.

coolblue

5/5/21 8:39am

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