Russell Jaslow
Registered User
You know, last year I took down my deck. Haven't done anything with the space. Don't want to "just" plant grass. Was thinking of a rock garden. But now ... hmmm .....
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Business, Economics, and Taxes: Eat Cereal for Dinner
- Thread starter MissThundercat
- Start date
Handyman
Hug someone you care about...
I guess I mean...why are they the ones doing it? Shouldn't Trump be doing that?
Panama is phucking stupid.
Handyman
Hug someone you care about...
With smaller airlines sure...but if people aren't making big trips one of the majors is going to have issues. Especially when it comes to international flights.
Jimjamesak
Already insane, UAA making it worse
Actually, cutting off trade between the US and other countries would have a bigger impact on airlines’ bottom line. Take a look at the layouts for long haul flights and you’ll see a massive amount of seats configured for business travelers. Business travel is the airlines’ bread and butter.
Handyman
Hug someone you care about...
Well we are about a month away from kissing that goodbye unless you are flying to the Middle East
Jimjamesak
Already insane, UAA making it worse
Well, I would start selling Delta and AA stock.Well we are about a month away from kissing that goodbye unless you are flying to the Middle East
The Middle East airlines like Emirates are about to go up, especially if Russia cuts off European airlines from their airspace.
Handyman
Hug someone you care about...
Yeah. If Delta can somehow avoid bankruptcy during the depression they are the type of stock I would buy when it craters. Sooner or later people will travel abroad again.
walrus
Wind up workin' in a gas station
I've been doing it for many years, have 10 right now.
MissThundercat
Are the cis okay?
Not raising chickens, but I might as well start eating cereal for dinner.
D
Deutsche Gopher Fan
Guest
Raw milk ?
MissThundercat
Are the cis okay?
Might as well.
dxmnkd316
Lucia Apologist
I liquidated my HSA investments. Straight money market now. (But I have a reason for this)
I have sold down my taxable investments by tax-loss harvesting my losing lots from the years and selling down gains to match. Sitting on cash for now.
I haven't pulled the trigger on the 401(k) but I'm not doing anything stupid yet because I still have a 20-year time horizon. But I'll move a modest portion to 4% money market depending on the markets tomorrow.
We have enough cash to fund the house payments and necessary spending for two years.
I've seen some people I respect recommend moving some cash to foreign banks but I think that's probably a bit too much for now.
I'll probably keep a SHTF fund in the figurative mattress in case we need to grab a go bag.
dxmnkd316
Lucia Apologist
because it's probably securitized.
dxmnkd316
Lucia Apologist
If it weren't for bird flu we'd probably consider it. Got a perfect yard for it.
Russell Jaslow
Registered User
If the US economy craters, it's taking the rest of the world with it. Our economy is way too powerful and strong for a chain reaction not to happen.
The idea of moving money to foreign banks is an interesting one in that it protects you if they really are crazy enough to eliminate the FDIC (I really can't imagine even the "I'm concerned" GOPers to allow that to happen; even the sniff of the idea would send a panic to crash the banks).
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Russell Jaslow
Registered User
Which was kind of the idea I had. For those of you who haven't flown long distance in a while, like me when I flew to Hong Kong last fall on United (about 11 years after I flew business class to Dubai on Delta), you'll be amazed how much more space on those type of flights are now taken up by business class seats.
BTW, there may already be a decline in demand for business class seats. My company, the fifth largest defense company in the country, changed it's travel policy at the end of last year. Basically, the long flights are now restricted to premium economy class. No longer business class. I wonder how many other companies have been/are doing this as well.
dxmnkd316
Lucia Apologist
If they kill the FDIC I would absolutely withdraw my money.
Russell Jaslow
Registered User
You'll be too late by then if you wait till they actually kill the FDIC. The run would be instantaneous, and to get at the money, you would have to do it in person. Because if you did it online, where would you move the money too? I suppose if you had a foreign bank account already setup, you could do it, but the bank websites would probably be overloaded. And I suspect in minutes, the banks would collapse. I forget the exact figure, but the percentage of money the banks have (and if I remember my regulations, there is a minimum they must have) readily available to the amount they actually have (i.e,, cash vs. what they loaned out) is very small. It won't take much of a run on banks to deplete that cash.
ScoobyDoo
NPC
From what was reported the inflation rate is going to go up another 2% this year to 4% and the tariffs are effectively an 1800 tax.
Given that and my losses in my retirement accounts this year is a net loss and I need every year to be net gain for my retirement. I'll probably not be able to retire ever at this point.
Given that and my losses in my retirement accounts this year is a net loss and I need every year to be net gain for my retirement. I'll probably not be able to retire ever at this point.