Message from @ThisIsChris
Discord ID: 433616823217422336
@ThisIsChris IMO, a major reason why the USD value has been relatively stable despite the large expansion of supply and despite the huge debt load is because the rest of the world uses USD to trade oil. If the rest of the world stops using USD for oil, the demand for the USD goes way down.
realvision publications is quite good and so is TV
So in the event we do get involved in Syria, is there anything worth investing in?
@TIDE#0935 BA (Boeing) is a typical stock for military spending, and oil (through USO, a US Oil ETF). The overnight broad market index futures /ES (which is S&P 500) and /NQ (NASDAQ) are actually UP since the bombing started. As is /CL which is West Texas Crude Oil futures.
Yeah military and oil are the only things I can think of. Wonder if our <@&322715617138311171> have some advice to share
I hold an aerospace and defense mutual fund for things like this
fun
Wow, pretty smart on their part
That's a 5% jump in a few hours
Anyone thinking of buying a home should really hold off
@Zyzz thanks, makes sense. I've been looking (just looking) at places to buy in Manhattan and something I've noticed is that houses very often close for 30% or more off of the original asking price these days. Makes me think the appraisers are off their rockers again.
30% below asking price?
Wow interesting
Not all the time, sometimes it's like 20%
Can’t say the same for Florida. Most places go for above ask. Which underscores that real estate is local
@Zyzz interesting, makes sense though. I think part of it in NYC is there are unreal expectations for housing prices. The New York Times writes stories all the time of buyers rushing and outbidding each other in cash for housing. I read those NYT articles and get scared. But then whenever I'm looking at the listing history of any actual place I might consider buying in the future, it's always the opposite story. A place gets listed with an asking price and then over a year's time they keep lowering the price until it sells.
@Zyzz when I said "makes sense though" I meant it makes sense that real estate is local. But what I wonder is: why do you think the prices are like that in your area?
@ThisIsChris Florida has very high net in-migration, favorable tax rates, great weather, and many jobs/companies are moving here
Rents have been sky rocketing in Orlando bc of all the PR migration
@Zyzz thanks for the explanation.
I'm conflicted a bit due to rising interest rates.
@Argument of Perigee at some point we will get a recession. At that time there will be no(or very few) buyers in the market and real estate will be relatively cheap. The fed will lower interest rates to help in the recovery. Just remember you can always refi with a lower rate. You can’t change what you paid for the house
With the said, the longer the boom runs the harder/deeper/more prolonged the “crash” typically is.
Look at the dotcom bubble versus the recession we had in 2001/2002
Most people didn’t even know we were in a recession in the early 2000’s but we were. Everyone knows about the dotcom bubble
I'm fully expecting bad things soon for sure.
I'm under contract for a property as we speak though. Good thing Colorado properties are immune.
CO has performed nicely. That’s for sure
Yea, last time I moved to CO just following the big recession I wanted to buy, but prices hadn't moved. 😢
Market crash Monday my dudes, you all ready?
The market usually responds favorably to war. Not that I am condoning the Syria strikes at all
@Zyzz yeah last night I found myself wishing the markets were open. Trading gives a kind of outlet for "oh I have a new piece of information what do I do with it now", because otherwise all I can do is complain about the strikes or ignore them.