Economic News

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Mulberry Heel said:
But, but that's not possible! I was assured that DOGE gutting all those government agencies and firing workers left and right and cutting benefits for people who need them would save us YUGE amounts of taxpayer money!

*of course we're now spending vast sums of money to buy charter jets for Trump 2.0's favorite adulterous couple, Kristi and Corey, and to build Dear Leader a gaudy ballroom at the WH and to pay for Pete Hegseth to play Maverick and all sorts of other crap, so there's that.
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This is why I said when Trump was elected that we can’t count Trump victories based on claims he makes. We have to base it on what actually happens.
MAGA (and others) desperately wanted to give credit to Trump for the DOGE savings and tariff revenue, but the true metric is - did the deficit increase or decrease?
We killed a bunch of needed programs and still went deeper into debt because any savings or revenue gains were more than offset by tax breaks for those that don’t need them.
 


“… The report on the consumer price index is being issued more than a week late because of the government shutdown, now in its fourth week. The Trump administration recalled some Labor Department employees to produce the figuresbecause they are used to set the annual cost-of-living adjustment for roughly 70 million Social Security recipients.

Friday’s inflation report will be the first comprehensive economic data to be released in more than three weeks and will attract intense interest from Wall Street and officials at the Federal Reserve. Fed officials are cutting their short-term interest rate to buoy the economy and hiring, but they are taking some risk doing so because inflation is still above their 2% target.…”
 
heelinhell said:
Yeah, we had the dot.com tech bubble burst in 2001 because investors were uber excited to invest in companies that were losing money or had P/E ratios of 200/1.

We had the 2008 housing bubble burst because of high risk ( subprime ) mortgage lending and selling these crap mortgages packaged within their MBS (mortgage backed securities )

and now we have what I call an AI bubble which has been fueling the stock market. I confess that I no nothing about AI as I new nothing about dot.com tech , but I feel this market is way overvalued.

The same goes for the housing bubble which was way over valuing housing prices. I decided if people were crazy enough to buy my house at the beach for $500,000 more than I had paid 8 years earlier, then I was going to sell... which is one of the best financial decisions I have ever made.

So I may be wrong thinking we have a bubble here, but I am an old codger and my focus is on preserving capital and my portfolio is 50% cash and 50% widow and orphan stocks paying reliable dividends. Whether the market continues to expand the bubble or whether we have a bubble burst, a recession, or a bear market ,me and the missus should be ok.

Younger investors can probably weather the eventual storm because they have time to recover. It's the late 50's and early 60 year old investors anticipating retirement that have to consider how aggressive to invest today..
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The markets make no sense.

I like hitting new highs every few weeks, but I'm worried about a crash.

I've had to live right enough recessions and corrections in my life. At my age, I'm not sure I could weather another recession.
 
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