prices are definitely out of control for most Americans. And personal high interest debt levels are scary yes

not everyone is doctor or engineer or finance professional

flip side a house in my neighborhood was listed for 2x what i bought for 3 years ago and it was under contract in 18 hours. crazy times.

Like prices of foods/goods? I think those are coming down and wages are sticky and still slowly raising so that should even out this one

Debt - do you think this might be a cultural issue vs a true reflection of economic status? Leisure activity is still at all time high, traveling etc.

Housing is out of control. There is no question about this. Briefly was coming down last year but in a season they rebounded and again now are breaking ATH again, now with the 30year ~8%. Agreed 100% that at this rate majority of the country is going to get priced out of owning a home. I do think this is an issue the fed is keenly aware of with the goal to be to cool this off

However:
Mortgage lending is decreasing, with some major players like Wells Fargo already stopping lending these loans
Regional and local banks have also slowed down on these loans
As mortgage loans become more competitive, less total applicants , less buyers, drop in selling prices as less bidders

Might be something to help with cooling housing market

bought a VZ strangle. hoping VZ to get some nice movement tomorrow!

i created a separate account with a few grand and just going to play earnings plays on it instead of daytrading. see how far i can get

This post was edited by ChocolateCoveredGummyBears on Jul 24 2023 04:23pm

50 mins before the interest-rate decision

This post was edited by ChocolateCoveredGummyBears on Jul 26 2023 11:11am

Raised interest rates by a quarter points, was priced in apparently.

Very much so

lmao Bazi is like the american macron, it's hard to not comment everything he writes cause he is so detached from reality and let's not talk about science or health

anyways

Im curious to see how will crypto market react once sp500 and nasdaq inevitably start their correction. so far in 2023 bad news didn't really affected much prices

Nothing further needs to be said

I’m sorry you’re poor but I tried to help u. Since you’re obsessed with me it it should have been easy to follow.





This post was edited by Bazi on Jul 27 2023 07:16pm

Seems like we felt the effects of the rate hike today not yesterday lolz

Damn dropped like a rock

This post was edited by ChocolateCoveredGummyBears on Jul 27 2023 10:57pm

This always been your only argument, but i'm not poor. And even if I was, what you say wouldn't be anywhere from correct.
Also I am healthy with access to quality food that's easily worth all your paper monkey dollars.



what dropped ? gafam ? finally

This post was edited by Melatonina on Jul 28 2023 03:05am