SaysWho? Posted August 14, 2019 Share Posted August 14, 2019 Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields. Quote That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started two full years after the December 2005 yield-curve inversion. Quote Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 14, 2019 Share Posted August 14, 2019 Is it time for this week's "Yield Curve Inversion Panic"? Quote Link to comment Share on other sites More sharing options...
osxmatt Posted August 14, 2019 Share Posted August 14, 2019 This will make the 2020 election extra spicy! Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted August 14, 2019 Share Posted August 14, 2019 Kinda want a recession so the housing market cools off and I can buy next year. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 14, 2019 Share Posted August 14, 2019 7 minutes ago, mclumber1 said: Kinda want a recession so the housing market cools off and I can buy next year. This, butalso gimmie some inflation, because I have debt. Quote Link to comment Share on other sites More sharing options...
Dodger Posted August 14, 2019 Share Posted August 14, 2019 Let's wish for the misfortune of millions so that we may personally benefit. Sorry you lost your job and now have to sell your house and move your family back in with your parents, but I'm here buy your house at a steal in this neighborhood! 1 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted August 14, 2019 Share Posted August 14, 2019 2 minutes ago, Dodger said: Let's wish for the misfortune of millions so that we may personally benefit. Sorry you lost your job and now have to sell your house and move your family back in with your parents, but I'm here buy your house at a steal in this neighborhood! The housing market is too hot right now, driving up prices higher than they reasonably should be. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 14, 2019 Share Posted August 14, 2019 Just now, Dodger said: Let's wish for the misfortune of millions so that we may personally benefit. Sorry you lost your job and now have to sell your house and move your family back in with your parents, but I'm here buy your house at a steal in this neighborhood! Now you get it 3 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 14, 2019 Share Posted August 14, 2019 Just now, mclumber1 said: The housing market is too hot right now, driving up prices higher than they reasonably should be. Build, baby, build! YIMBY Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 14, 2019 Share Posted August 14, 2019 I have a solution to "cooling off" the housing market, but everyone (justifiably) hates it: phased elimination of the mortgage interest tax deduction. It's part of my goal to "de-leverage" the economy as a whole by eliminating all tax benefits associated with debt interest. Quote Link to comment Share on other sites More sharing options...
Dodger Posted August 14, 2019 Share Posted August 14, 2019 7 minutes ago, SFLUFAN said: I have a solution to "cooling off" the housing market, but everyone (justifiably) hates it: phased elimination of the mortgage interest tax deduction. It's part of my goal to "de-leverage" the economy as a whole by eliminating all tax benefits associated with debt interest. I mean selfishly I hate it, curious to see how much it helps out when I do my taxes next year. But from a practical standpoint I'm fine with it. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 14, 2019 Share Posted August 14, 2019 11 minutes ago, SFLUFAN said: I have a solution to "cooling off" the housing market, but everyone (justifiably) hates it: phased elimination of the mortgage interest tax deduction. It's part of my goal to "de-leverage" the economy as a whole by eliminating all tax benefits associated with debt interest. It's effectively dead now. It has an upper limit of 750k for new loans, and for the mortgage deduction to be greater than the standard deduction, you basically need to be in your first couple of years of about a 500k loan at 5.25% (assuming no other deductions taken) Quote Link to comment Share on other sites More sharing options...
Joe Posted August 14, 2019 Share Posted August 14, 2019 22 minutes ago, Dodger said: Let's wish for the misfortune of millions so that we may personally benefit. Sorry you lost your job and now have to sell your house and move your family back in with your parents, but I'm here buy your house at a steal in this neighborhood! How do you think rich people make their money? My cousin's wealthy husband went BANANAS in the 2008-2010 timeline buying up apartment buildings in Jersey City. Quote Link to comment Share on other sites More sharing options...
Dodger Posted August 14, 2019 Share Posted August 14, 2019 Just now, Jose said: How do you think rich people make their money? My cousin's wealthy husband went BANANAS in the 2008-2010 timeline buying up apartment houses in Jersey City. So we just need to be already rich enough to buy investment property, and then buy it a bargain when the next recession hits. I need to get on this plan. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted August 14, 2019 Share Posted August 14, 2019 3 minutes ago, Jose said: How do you think rich people make their money? My cousin's wealthy husband went BANANAS in the 2008-2010 timeline buying up apartment buildings in Jersey City. The money is in the banana stand Quote Link to comment Share on other sites More sharing options...
Reputator Posted August 14, 2019 Share Posted August 14, 2019 2 hours ago, osxmatt said: This will make the 2020 election extra spicy! This. Nothing pisses off people more about a president's performance than an ol' fashioned recession! Quote Link to comment Share on other sites More sharing options...
Joe Posted August 14, 2019 Share Posted August 14, 2019 6 minutes ago, Dodger said: So we just need to be already rich enough to buy investment property, and then buy it a bargain when the next recession hits. I need to get on this plan. It's funny to me that fiscal conservatives will tell you that the government spending money during a recession is a terrible idea, yet that's exactly what these fuckers do with their personal finances. Quote Link to comment Share on other sites More sharing options...
foosh Posted August 14, 2019 Share Posted August 14, 2019 i'm ready to weather the storm but im getting ready to sell my house and buy within the next few months. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted August 14, 2019 Share Posted August 14, 2019 1 hour ago, Dodger said: Let's wish for the misfortune of millions so that we may personally benefit. Sorry you lost your job and now have to sell your house and move your family back in with your parents, but I'm here buy your house at a steal in this neighborhood! That's pretty much what the 1% has been doing for decades Quote Link to comment Share on other sites More sharing options...
Dodger Posted August 14, 2019 Share Posted August 14, 2019 30 minutes ago, marioandsonic said: That's pretty much what the 1% has been doing for decades Yes but this isn't a board for millionaires to come together and laugh at the poor we're screwing over while we debate over which one of us has the nicest Ferrari. Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted August 14, 2019 Share Posted August 14, 2019 7 minutes ago, Dodger said: Yes but this isn't a board for millionaires to come together and laugh at the poor we're screwing over while we debate over which one of us has the nicest Ferrari. Well if you wouldn't say it out loud, maybe we could lure one in, bash his head in, and take his Ferrari! 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 14, 2019 Share Posted August 14, 2019 This also weighed heavily today: Markets spiral downwards on fears of German recession https://www.theguardian.com/business/2019/aug/14/markets-in-downward-spiral-as-fears-of-german-recession-grow?CMP=Share_AndroidApp_Copy_to_clipboard Quote Link to comment Share on other sites More sharing options...
Amazatron Posted August 14, 2019 Share Posted August 14, 2019 Decipher this bad boy... Quote Link to comment Share on other sites More sharing options...
CayceG Posted August 14, 2019 Share Posted August 14, 2019 "Honk Kong is not helping" Yikes. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted August 14, 2019 Share Posted August 14, 2019 10 minutes ago, Amazatron said: Decipher this bad boy... Quote Link to comment Share on other sites More sharing options...
Jason Posted August 14, 2019 Share Posted August 14, 2019 Quote Link to comment Share on other sites More sharing options...
Jason Posted August 14, 2019 Share Posted August 14, 2019 12 minutes ago, CayceG said: "Honk Kong is not helping" Yikes. I'm disappointed that "Honk Kong" isn't in the actual tweet. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted August 14, 2019 Share Posted August 14, 2019 CRAZY INVERTED YIELD CURVE Quote Link to comment Share on other sites More sharing options...
Jason Posted August 14, 2019 Share Posted August 14, 2019 2 minutes ago, b_m_b_m_b_m said: CRAZY INVERTED YIELD CURVE Quote Link to comment Share on other sites More sharing options...
Jason Posted August 14, 2019 Share Posted August 14, 2019 That's still not how tariffs work. Quote Link to comment Share on other sites More sharing options...
TheGreatGamble Posted August 15, 2019 Share Posted August 15, 2019 15 hours ago, Dodger said: So we just need to be already rich enough to buy investment property, and then buy it a bargain when the next recession hits. I need to get on this plan. If you've got/can get the the money, it certainly doesn't hurt. Quote Link to comment Share on other sites More sharing options...
Jason Posted August 15, 2019 Share Posted August 15, 2019 Quote Link to comment Share on other sites More sharing options...
TheGreatGamble Posted August 15, 2019 Share Posted August 15, 2019 "As others falter, we will get stronger"... Ugh, pretty sure thats not how the world economy works. Quote Link to comment Share on other sites More sharing options...
brucoe Posted August 15, 2019 Share Posted August 15, 2019 On 8/14/2019 at 12:54 PM, Reputator said: This. Nothing pisses off people more about a president's performance than an ol' fashioned recession! Thanks, Hillary! Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted August 15, 2019 Share Posted August 15, 2019 21 minutes ago, TheGreatGamble said: "As others falter, we will get stronger"... Ugh, pretty sure thats not how the world economy works. He's subscribing to the well known theory of economics known as Highlanderism. Quote Link to comment Share on other sites More sharing options...
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