Things to watch

[longbow]

The stock market has been bad the last "few weeks" On paper it looks bad, but I've not sold anything. I have bought some cheaper stocks.

If I sell, I will have a loss, but a huge taxe deduction and carryover.

My credit cards have not be cancelled. China has not dumped T bills. Inflation is in check. Gas is cheaper.

My insurance is still inforce.........

However,

The dow crossing 8,500 will not be good and will panic many. It will raise an eyebrow with me. My concern is China dumping our T Bills or the Fed going crazy and printing money to pay off debt. Those two things will work me up.

[techres]

Originally Posted by longbow

The stock market has been bad the last "few weeks" On paper it looks bad, but I've not sold anything. I have bought some cheaper stocks.

If I sell, I will have a loss, but a huge taxe deduction and carryover.

My credit cards have not be cancelled. China has not dumped T bills. Inflation is in check. Gas is cheaper.

My insurance is still inforce.........

However,

The dow crossing 8,500 will not be good and will panic many. It will raise an eyebrow with me. My concern is China dumping our T Bills or the Fed going crazy and printing money to pay off debt. Those two things will work me up.

Feds printing money = inflation (understand that). China dumping T Bills = tanks value of dollar?

Help me with the second one there...

[longbow]

More dollars to purchase the same stuff

Dumping T bills would force more dollars into the system They have to go somewhere and stand out of the way.

Right now everything I have, except precious metals and a my family have gone down in value. I've not sold anyting so I have no real loss.

Couple that with the drop in the value of the dollar or hyper inflation and things get crazy.

I can deal with deflation . Hyper inflation would be tough to deal with. You would want to spend your cash fast, to prevent it from dropping in value more. That would be more bucks chasing fewer and fewer goods that cost more everyday.........bread $1 today, $3 two days later

[techres]

Originally Posted by longbow

That would be more bucks chasing fewer and fewer goods that cost more everyday.........bread $1 today, $3 two days later

Yeah, but so long as my pay chases even partially, and I have a good stock of food & gas, hyperinflation lets me pay off my loans early.

Or, it means the cities are on fire and we are manning barricades wearing football gear and and carrying spears...

[longbow]

yes- if you get a raise each week

yes to paying of debt

you might pay off the 75,000 mortgage faster, but a car might be 700,000

[techres]

Originally Posted by longbow

yes- if you get a raise each week

yes to paying of debt

you might pay off the 75,000 mortgage faster, but a car might be 700,000

I am 100% comission in a service field. If I don't work, very rich kids don't get to finish school or view porn. I may never sell another new item, but that is fine. As luck has it, we even have a large stockpile of used stuff that we got at a good price.

Utilities could be a problem as could be disruptions in parts supply. But fr the most part, I am better off than a salesperson or someone who is salaried.

And, yes, while the MSM is running around doing their panic thing, I am working on the silver lining of the situation (which would be more silver if I were more liquid). Don't get me wrong, the times are bad (I just found out a close relative lost their entire inheritance to the tune of tens of thousands of dollars), but panic will not get us out - opportunities and entrepreneurial spirit will.