US and Iran conflict thread. ( merged threads)

Steal2B

Steal2B

.700 Nitro Express
Messages
27,400
Reaction score
85,490
Location
Dutchess County
Defilade said:
Lol..Wall Street is not Main street.
Click to expand...
Bullshit
istockphoto-470580025-612x612.jpg
The United States of America is the intersection of Wall Street and Main Street. They are deeply linked and inter-dependent. Main Street needs Wall Street for investment returns, while Wall Street requires capital and transactions from individual investors.
 
spat

spat

.950 JDJ
Messages
31,100
Reaction score
65,979
Location
Formerly Geneseo, NY. Now free in AZ
Saltwater60 said:
For anyone in the market it is. My son bought in on the dip and I’ll bet his market backed CD is doing well. He just bought his first new car as well. It all translates into jobs or money in someone’s pocket some way.
The economic signs are bad because people are stupid. They over bought and over spent. My 22 year old done just bought a $41,000 car and his payments are $350/month for 5 years. $1,500 in interest is all he will pay. I’ll bet it’s paid in 30 months or less. He got a great deal and a great trade in. The kid had over $20,000 saved and hasn’t worked consistently ever except this last year but only 10-12 hours a week. His last internship was unpaid or he’d have about $30,000. That’s more than most I know my age. People are stupid and can’t budget or plan.

I make more than most I know but I spend less than most that make less than me. Instead of buying boats, vacations, extra cars, fancy clothes, drinks, weed, and I could go on, I invested in my kids education for the last few years. My son has about $20,000 in loans and he will be debt free in under 5 years that includes the time getting his masters degree.
After he graduates he will lay me rent. I will keep half and return half when he buys a house but he will not know this.
Click to expand...
About 60% of the US has stock in a retirement account (401k or similar).

For the majority of people the stock market *is* main street. It's not just "the rich".
 
Defilade

Defilade

.700 Nitro Express
Messages
27,223
Reaction score
38,903
Location
Elsewhere
spat said:
About 60% of the US has stock in a retirement account (401k or similar).

For the majority of people the stock market *is* main street. It's not just "the rich".
Click to expand...
Yes you are talking retirement. Unfortunately More than 70% of the Country lives paycheck to paycheck. Heating/Cooling, Rent, Gas, Groceries... Thru the roof! That is Mainstreet!
 
Defilade

Defilade

.700 Nitro Express
Messages
27,223
Reaction score
38,903
Location
Elsewhere
spat said:
The ones with their retirement tied up in the stock market ?
Click to expand...

What about their retirement? That hinges on how well one invested. Gas, Groceries, heating not so much. BTW, 401k's are a shame as they hold your own money hostage. Same hold true for S.S.
 
L

livingston

20×102mm Vulcan
Messages
52,335
Reaction score
142,229
Location
livingston county
Thread Reader
threadreaderapp.com

Thread by @ThePowerAudit on Thread Reader App

@ThePowerAudit: Recap of tonight's Hormuz Crisis Expert Panel: Tonight I hosted a 2.5 hour expert panel on the Hormuz crisis. Eight speakers across military strategy, energy markets, information warfare, China and t...…
threadreaderapp.com threadreaderapp.com
Recap of tonight's Hormuz Crisis Expert Panel:
Tonight I hosted a 2.5 hour expert panel on the Hormuz crisis. Eight speakers across military strategy, energy markets, information warfare, China and the Indo-Pacific, the Kurdish frontline from a journalist on the ground in Iraq, and a voice from inside Iran that will stay with everyone who heard it. Without editing or applying my opinion, here is what was covered and said.
https://x.com/ThePowerAudit/status/2052599700486771148
 
You must log in or register to reply here.
Top