It means they bought bonds with a, say 2% rate a few years back, but those same 30 year bonds are now at 3.68% so if they need cash they have to sell them at a discount compared to current bonds from the Treasury (and therefore what they paid a couple years ago - which made sense if they kept them for 30 years, or maybe even 20). And they needed cash to cover withdrawals so they ate shit.
asking for a friend
Same here, IT at a non-tech company, I like my job but I doubt there will be easy upward growth for a while. Guess it's time to ride shit out and hope things get unfucked soon. JPow I love you please stop hitting me.
None unless you think there will be a collapse of the currency's purchasing power to such an extent that the penalty incurred from selling physical metals is overcome.
very, very real talk: I live in a state where people have been doing this since the 70s. It's an unhealthy antihuman lifestyle. It's good to be prepared for a collapse but it's not good to set up your life for despair. The point of survival is to rebuild, not just survive.
I really hate dooming, but seeing posts like this while watching a bank tell everyone not to panic then folding during the day (after being unable to find a buyer) is the most ominous of bad feelings imaginable.
In fairness anyone that invested near IPO already got fucked, shares have been hovering around half initial-ish of about $70 to $30something pretty consistently ever since the initial drop so I don't know how much worse their actual stock can get.
Agree that trying to be completely independent is unrealistic and miserable. Even the settlers who broke the sod had to go into town for tea, sugar, and cloth- people universally leave the subsistence lifestyle the second the option is available.
You realize you could’ve gotten laid without the soy apocalypse, right?
0 sounds great.
