Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
Foggy47
5 year old buck +
^ Agreed SD. My wife and I were just talking about all the crazy prices for food and staples....as well as the cost of fuel and heating (had a propane tank filled recently?). This winter is going to be rough on LOTS of people. Not sure how folks will make ends meet.
Still.....we go out to eat and see big families with all their kids enjoying a big $$ meal. Not sure how young couples can (should) afford that? Taking my kids for pizza was a huge event back in my time. Yeah....I'm old and frugal (to a point). Grin.
Still.....we go out to eat and see big families with all their kids enjoying a big $$ meal. Not sure how young couples can (should) afford that? Taking my kids for pizza was a huge event back in my time. Yeah....I'm old and frugal (to a point). Grin.
SD51555
5 year old buck +
Nobody under the age of 55 has lived through a period like this. From the outside looking in, it appears nobody is suffering the effects of inflation. But the data is there, and it's not going well. If it weren't for covid and the war machine, there'd be no national debt and inflation problem.
Foggy47
5 year old buck +
^ Yep.....I think many folks credit card debt has grown to a point that the rubber is going to meet the road PDQ. Now, the current card fee's and interest have gotta bite folks pretty hard. Seems not many have any discipline to manage that debt and higher costs. The numbers can become overpowering in a hurry.
hunts_with_stick
5 year old buck +
Auto industry is getting interesting. The strike isn’t going to help. Repo’s are up, sales are down. Dealer personal talking about not making any money, like near zero….interesting times ahead I am afraid.
SD51555
5 year old buck +
I’ve got a friend that runs the acct dept for a big dealer group and she said their sales on vehicles are in the dump, but their parts sales are soaring.
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Foggy47
5 year old buck +
Many years back.....much of the money made in a dealership was on new cars. Now, I think they do better on used cars as they have a better chance to "buy" (trade) those "right" than the new stuff. They also make good money on parts and service.....and tires these days (tho I think the parts biz was always good). Years back they did'nt want into the tire biz. Times have changed. Those dealers have to be creative. Why they add things on like plastic sheilds and sound proofing for big bucks.
Angus 1895
5 year old buck +
SD51555
5 year old buck +
Energy has been on a tear lately. I'm about 60% in four energy stocks, 30% in ultra short term treasuries, and 10% side bets on RUM, SNAP, and GNRC. I decided to run a 90-day chart on my big 4 energy stocks. What a doozie! When the new world order says you're going to own nothing, believe them. The refiners are the bottleneck in energy. When you're wondering where all the money from a $5 gallon of fuel goes, it's to them.
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Bowsnbucks
5 year old buck +
Credit cards are addictive to some folks who can't say "no" to themselves. The interest on credit card debt is insane. IMO - lots more financial education needs to be taught in schools starting in junior HS. Maybe help break the cycle of "I want it ....... so I'll charge it." ???
Bowsnbucks
5 year old buck +
And NOBODY wants a new refinery in their backyard. With regular maintenance / safety protocols being ignored for years - the explosions, fires, chemical leaks, air quality issues that happen to many refineries today give citizens reason to not want them.
Mid-stream players don't have to worry about oil prices & their constant fluctuations. No matter the price of oil or natural gas - any of their refined products will flow through the mid-stream players' pipelines. Mid-streamers have traffic all the time, regardless of price fluctuations. Just a thought to chew on.
bwoods11
5 year old buck +
I don’t want a field of solar panels in my backyard either!
Bowsnbucks
5 year old buck +
I was just responding to SD's comment about refineries being the bottleneck with energy. We lost a big one in Philly a few years ago when the Sunoco refinery had a huge explosion. That blast launched a few storage tanks the size of houses for several hundred yards distance. The locals there didn't want the refinery repaired OR a new one built on the same site. Events like that are why nobody wants a refinery built near them. Lack of refinery capacity adds to the cost of any oil products.
I'll take the solar panels over a refinery in my backyard - but they aren't the total answer to all of our energy problems. There HAVE been several BIG solar panel arrays built near our home in fields that were abandoned commercial property. Just weeds / fallow for decades. No houses close by - but no harm done either. It was built by a power company & tied into their grid. A plus in my book - no pollution from it - but we get clean, additional power.
b116757
5 year old buck +
Let me get this straight you think the government can teach anyone about money and debt???? That’s rich your a comedian where will you be preforming your next standup routine I’ll buy tickets.
