Investing

[Screwball]

That adds so much, congrats.

[gehringer_2]

4 hours ago, Screwball said:

Hold hard assets like land.

you have to even wonder about that. Farmland is out - there will be no-one to work it; residential is out - it so expensive to build housing no-one can afford it; lakefront is out - climate change is doing to change the water level; commerical is out, no-one wants to go back to the office; retail is out, everyone shops online.....

[CMRivdogs]

Land can be taxed. Without enough assets or income it would be hard to hold onto. Plus in a worst scenario economy the chances of selling such an asset would be close to slim and none.

Went thru that with the Bush 1 post Iraq war recession. We had a house we could not sell.

[Screwball]

Suicide always an option.

[chasfh]

[Deleterious]

Well...

US Initial Jobless Claims Drop by Most in Almost Four Years

Quote

Initial applications for jobless benefits in the US dropped by the most in nearly four years, reversing an unusually large jump in the prior week and consistent with low levels of layoffs in the economy.

Initial claims decreased by 33,000 to 231,000 in the week ended Sept. 13, according to Labor Department data released Thursday. That’s in line with levels seen throughout this year and not far off the pre-pandemic trend. The median forecast in a Bloomberg survey of economists called for 240,000 applications.

Quote

The decline unwinds a large jump in the prior week, when initial claims rose to the highest level in nearly four years. That period included Labor Day, and the data can be more volatile around holidays. Also, the advance was mostly concentrated in Texas, which a state official attributed to attempted fraud.

 

[gehringer_2]

5 minutes ago, Deleterious said:

was mostly concentrated in Texas,

 Tx spike was ~16K so a little more than half of the jump.

[romad1]

People will have to reevaluate their retirement planning now that the MAGAs have decided they may NOT retire.

[chasfh]

2 hours ago, romad1 said:

People will have to reevaluate their retirement planning now that the MAGAs have decided they may NOT retire.

I don’t understand. Did I miss something here?

[romad1]

2 hours ago, chasfh said:

I don’t understand. Did I miss something here?

They are going to up the social security age to something that suits the interests of the oligarchs.  

 

[chasfh]

12 hours ago, romad1 said:

They are going to up the social security age to something that suits the interests of the oligarchs.