Current issues with the market - Any ideas on avoiding the end?

[Darkholme's Dungeon]

The Plebs are not able to buy cars or houses with these interest Rates, so they sit on Lots collecting dust with expired batteries.

Yeah but the used car market is insane. People want 2 grand for cars that wouldn't even be $500 a year ago.

 

[mindlessobserver]

Modern cars are also bullshit for repair costs. You could spend 5k on a used car and expect to spend another 5k making it roadworthy again. If starter new cars weren't sitting 40k a pop this would be ruinous for the used car market.

I blame all the bullshit technology they are putting into cars today. None of that shit is needed! They are turning Cars into computers with wheels attached to them.

 

[Darkholme's Dungeon]

I blame all the bullshit technology they are putting into cars today. None of that shit is needed! They are turning Cars into computers with wheels attached to them.

Emissions are literally killing diesels and those penalties are stiffer than Aggravated ID theft (2 years).

(C)
falsifies, tampers with, renders inaccurate, or fails to install any monitoring device or method required to be maintained or followed under this chapter [2]
shall, upon conviction, be punished by a fine pursuant to title 18 or by imprisonment for not more than 2 years, or both. If a conviction of any person under this paragraph is for a violation committed after a first conviction of such person under this paragraph, the maximum punishment shall be doubled with respect to both the fine and imprisonment.

Fine is max $25,000 a day.

 

[TheRedChair]

Yeah but the used car market is insane. People want 2 grand for cars that wouldn't even be $500 a year ago.

Agreed.

Modern cars are also bullshit for repair costs. You could spend 5k on a used car and expect to spend another 5k making it roadworthy again. If starter new cars weren't sitting 40k a pop this would be ruinous for the used car market.

I blame all the bullshit technology they are putting into cars today. None of that shit is needed! They are turning Cars into computers with wheels attached to them.

Agreed.


This problem started 28+ years ago. The mindset of stupid people back then believed that the vehicle you owned was something... special... The mindvirus back then just continued to modern day.

You see this is NOT my society, NOT my economy issues. I have repeatedly stated how I gained my wealth living in one of the most expensive regions in the USA if not the world.

I really mean that GENERATION FAIL ROYALLY FUCKED UP EVERYTHING. I seen this first hand. I've posted the stats and videos of that fucked up mindset. That mindset are why things are the way they are.

Short term profits, short term results. Fuck the future, I must have things NOW.

Greedflation, Spendflation, are some of the reasons of that mindset.

My investment properties are paid off. I have not leverage bought anything in over 20+ years. Commercial Real Estate is Fucked right now because of all of the short term loans people take on their properties.

I'm okay, however I am seeing some bad shit heading my way and am dealing a lot of expenditures. Such as increased taxes. entitlements/bonds/assessments added to the property tax. I've already commented that my +20% profit of last year will be wiped out this year as I have to freeze any increases for the next 6 months.

But So far I do not think I will be going into the Negatives, meaning I'm not going backwards. But I am seeing some similarities with the 2008 financial market. There are a lot of bad asset loans being packaged and dumped on to the market.

I think long term. I have too. So in ending keep abreast on whatever you are doing/spending/your economic environment and hopefully you can navigate through the bad times that are already here.

 

[mindlessobserver]

I really feel we are approaching the culmination. I wrote this thread a few years ago and everything I worried about has come true. Except for the plunge. It's impossible to time that, but this entire economic model that has been created based on debt and fake money cannot sustain.

 

[Darkholme's Dungeon]

I really feel we are approaching the culmination. I wrote this thread a few years ago and everything I worried about has come true. Except for the plunge. It's impossible to time that, but this entire economic model that has been created based on debt and fake money cannot sustain.

That's why the Great Reset is a "conspiracy". What did did WW1/2 end? Gold standard, what did Napoleon's war and the Opium wars end? Silver standard. What will the coming crisis end? The petrodollar/fiat/fractional reserve standard.

 

[Fascist Kirk]

I really feel we are approaching the culmination. I wrote this thread a few years ago and everything I worried about has come true. Except for the plunge. It's impossible to time that, but this entire economic model that has been created based on debt and fake money cannot sustain.

Come on now every one knows deflation is a sin! get ready for 100 year mortgages, and Ninja Loans for food. The fed will never I repeat Never let deflation take hold! they even admit 2% inflation over time. Keep in mind they never tell you what amount of time, and from what time.

 

[macrodegenerate]

This problem started 28+ years ago. The mindset of stupid people back then believed that the vehicle you owned was something... special... The mindvirus back then just continued to modern day.

I disagree. I kept my first used car running for 200k miles. Retrofitted it with new speakers and electronics when I got a new job. That car was special because I knew it inside out because I rebuilt it and made it better from the inside out. When I gave it to a family member as their first car, I knew it would keep them well, and it did until they decided to replace it with a shitty riceburner.

Auto loans are absolute scams, and people should feel pride in not giving a cent to the money lenders by understanding every aspect of the several ton death machines they own and maintaining them accordingly. It's a tragedy most people don't and that OEMs are deliberately unabstracting their parts into technogoop that barely constructs a car.

 

[Darkholme's Dungeon]

OEMs are deliberately unabstracting their parts into technogoop that barely constructs a car.

It always astonishes me that there are no grease points are cars since the 1990s. Everything is "lifetime greased".

Back on topic: Job data is out and zerohedge and co are already claiming it's been cooked again. I can't wait for them to just stop publishing the data like China did.

 

[No Batty Boys in Jamaica]

Back on topic: Job data is out and zerohedge and co are already claiming it's been cooked again. I can't wait for them to just stop publishing the data like China did.

These bullshit Fed reports remind me of when Bossmanjack does the gamba. It’s so obvious they’re cooking the data. And they’re cooking it significantly.

They say that the 300,000 jobs in this “surprisingly robust” report were spurred by immigration… so what they’re really saying is that the wage growth brought by slowing the hoards of illegal Latinos Poojeet/Chink H1B holders during COVID is over. Ranjeep and Pablo are back to working for peanuts. And worse, this current onslaught is also full of people who are more like the rapefugees in 2010s Europe. They will not bring down prices. They are helping to drive up rents and push more wealthy city dwellers to buy homes in the exurbs.

Inflation is going to stick around due to rising oil prices and rents being high. The Fed will be forced to admit rate cuts aren’t coming, and that will be when shit hits the fan.

Also AI is a real threat but the current boom in the markets is 100% hot air.

 

[Darkholme's Dungeon]

And worse, this current onslaught is also full of people who are more like the rapefugees in 2010s Europe

There's rapefugees, spics, east asians (Mainly Chinese this time), and europoors (Ukrainian I think????) coming thorugh. Having interacted with them because I'm unlucky enough to live near the border, I'll tell you that the worst of these are a toss between the rapefugees and asians (mainly Chinese). The spics mostly work but bring cartel retardation, pretend they don't know english until they want something and the men try to date teen girls because "it muh culture" (Get deleted by a virtual firing squad please). The rapefugees are still headchopping rapefugees (not at critical mass yet like britbongistan), the europoors are meh and the asians are the worst this time around imho (If I said this in public I'd be accused of being self-loathing asian but it's the truth).

All of these are a drain on our hospital, EMS resources. They don't go to the doctor and pay, they just go to the ER/ call 911 becuase they can just run off to somewhere else. They also turn violent quicker than if the UDF tried to walk through Crossmaglen instead of shooting civvies.

Spoiler: Tangential illegal hate

For someone reason there's this model minority myth of east asians. In reality, that's only because the top 0.01% used to come to the US. Nobody whose related to someone chinese legally in the US will employ any of the illegal chinese coming into the US right now because they are worse than rapefugees (maybe except the rape part). There was an incident where some permanent resident chinese in LA tried to give one of the illegals a job. They demanded higher than US worker wages in CA (like $25 hour for washing dishes, and a 4 hour workday, 4 days a week lol), got told no, then sued his employer, got him jailed and deported and then claimed refugee status because "he would be politically persecuted by the CPC for suing his employer".

Think about this for a second, these people left rural China (Where "charities"/government would tell them to eat shit and they get free shit to build a house and land) by defrauding others, took the entire trip to the US just to get slightly more free shiet from charities, and then claim refugee status because "we're being hunted by the gov (for fraud)". They're worse than niggers, they're worse than spics, they're worse than white trash. These are the folks who will beat you to death because you ask them to leave your store or didn't give them a ride in your car. I've already pistol whipped one when who got uppity because I wouldn't give him free shit on basis of "our shared skin color".

 

[Fascist Kirk]

Inflation is still hot, Rate cut odds dropped for June. Dot Plot is predicting 2 cuts this year. I just love the FED Reserve all they do is gas light. Why do we take these people at there word after 100 times of being the opposite of what they say you would think you could get rich doing the opposite of what they say.

The name should be changed from Fed to F'ed.

in other news KRE the small bank etf is down 5%, The DXY is back over 105.I love Bidenomics where we have a former Fed president running the treasury, and another former regional Fed president as Biden's economic Adviser.

Ron Paul was right ......

 

[Irregardless]

They say that the 300,000 jobs in this “surprisingly robust” report were spurred by immigration… so what they’re really saying is that the wage growth brought by slowing the hoards of illegal Latinos Poojeet/Chink H1B holders during COVID is over. Ranjeep and Pablo are back to working for peanuts. And worse, this current onslaught is also full of people who are more like the rapefugees in 2010s Europe. They will not bring down prices. They are helping to drive up rents and push more wealthy city dwellers to buy homes in the exurbs.

Inflation is going to stick around due to rising oil prices and rents being high. The Fed will be forced to admit rate cuts aren’t coming, and that will be when shit hits the fan.

Also AI is a real threat but the current boom in the markets is 100% hot air.

I don't think immigration is the real issue with how shitty and fake the recent jobs reports have been, the real issue is that the "jobs" they're creating are just shitty wagie jobs, many of which aren't even full time. The Democrats are just full on huffing cope and gas lighting the population into thinking that just because you see a "We're hiring!" sign in every restaurant and gas station that means the economy and job market are good. In reality though you're seeing massive layoffs every month from giant corps across the board and it's never been harder to get a 6 figure job, while at the same time a 6 figure job has never meant less.

 

[No Batty Boys in Jamaica]

the real issue is that the "jobs" they're creating are just shitty wagie jobs, many of which aren't even full time

Yes and immigrants are taking said jobs so that niggers and poor whites can’t demand higher pay.

It’s mostly in retail and food service. I also know that many people who used to do these jobs are instead in the gig economy full time, which fucks with the job numbers. Doordashing and driving for Uber can be better than working at McDonalds or Amazon (all are horrible choices but so many people have to do this shit). They’re comparing the current job numbers to “recoveries” that happened before COVID.

 

[Fascist Kirk (Yoja)]

Yes and immigrants are taking said jobs so that niggers and poor whites can’t demand higher pay.

It’s mostly in retail and food service. I also know that many people who used to do these jobs are instead in the gig economy full time, which fucks with the job numbers. Doordashing and driving for Uber can be better than working at McDonalds or Amazon (all are horrible choices but so many people have to do this shit). They’re comparing the current job numbers to “recoveries” that happened before COVID.

Lemar here in Kent Washington, have bands of traveling Mexicans putting up 600k houses 3 a week.

The folks moving in are Asians, and Africans. Replacement theory is real.

 

[GAY Ted Wheeler]

Anyone listening to the Fed in the year of our lord 2024 is probably also someone that buys their luggage on Amazon and flies JetBlue and thinks a Tesla Model 3 is a “GUD buy”. At this point all I want is nothing but pain and red on the charts until The Rope becomes the standard end for 97% of the bums I see stealing oxygen here in the colonies.

 

[Darkholme's Dungeon]

Yes and immigrants are taking said jobs so that niggers and poor whites can’t demand higher pay.

God forbid we allow true mobility, both upwards and downwards in the classes. You can't fall into the lower class anymore from the upper class by binging cocaine and hookers like Kurt Cobain since you'll just auction a few art pieces.

Yellen's "The coping will continue until morale improves speech" in China. Free handrubbing merchant hypocrisy included.

I am particularly worried about how China’s enduring macroeconomic imbalances—namely, its weak household consumption and business overinvestment, aggravated by large-scale government support in specific industrial sectors—will lead to significant risk to workers and businesses in the United States and the rest of the world,” she told reporters at the U.S. ambassador’s residence in Beijing.

“China is now simply too large for the rest of the world to absorb this enormous capacity. And when the global market is flooded by artificially cheap Chinese products, the viability of American and other foreign firms is put into question

Ah yes, goods "flooding" from China, bad. Goods flooding in Mexico (NAFTA), okay. ¿Juan, porque no tengo mas?

Supposedly UAW is trying to unionize the deep south plants that escaped from up north. My guess is that they're fucking off to Mexico (more) next. Alabama gov not too happy:

It's no wonder the UAW wants a piece of the pie here in Alabama. And let's be clear about something: This threat from Detroit has no interest in seeing the people of Alabama succeed, our OEMs succeed, and in turn, the state to succeed like we are now

Comments section is typical zh drivel. I did find this funny though:

Mercedes are pieces of crap now. Long gone are the days of a 400K mile mercedes.

Nowadays the entire engine blows up at 110K miles --- Just like Hyundais. But Hyundais blowing have a known reason, a design defect. Mercedes just blows up for no reason.

Tyler on ZH claiming costco sold 200 million on gold bars from Wells Fargo.