(02-19-2021, 06:57 PM)Jags Wrote:

(02-19-2021, 05:48 PM)jagibelieve Wrote: News flash for you... the President no matter who it is has no control over interest rates.

News flash 2.0 for you... interest rates are already going up.

Expect interest rates to rise along with the prices of a lot of things to go up.  Inflation is settling in right now.  Pumping trillions of "printed money" (stimulus) into the economy is making things worse.  Add to that the forced rise in petroleum due to domestic production down.  The bubble is going to pop soon.

Obviously, we don’t know when “soon” is.  If this question derails the thread, by all means delete it.  How soon do you feel that will happen?   The Mrs and I have an appointment to meet the financial advisor early April.  (First chance we had where both of us can meet him). In preparation, we’ve even paid off a car, tossed a storage slip and canceled a few needless [BLEEP].  That between what we normally do contribute and the normal extra money-we’dhave and  would be wiser to give him, adds up considerably.    We’re in good hands with him.  He’s set up a few family members nicely, but I’m not exactly known for my patience.   Just curious to see how far out you foresee the bubble popping.  Would be really nice if it’s a month or so out before we start dumping a poop ton out for retirement, near future land purchase and what not.  

We all have our skill sets.  I know a lot about many things.  Master at only a couple.  Much like all of us.  But investing is not even on my list.  Might as well speak Mandarin to me.

Really I wish that I could give you a good answer.  If I could give a correct answer I wouldn't be sitting at my PC checking out the message board.  If you want my guess?  I would say that something is going to pop by the end of the year or into 2022.

tldr;  The current government is destroying our economy.

First concern is government pumping money into the economy.  The "stimulus" checks that some people are getting is not "free money".  The government doesn't have a "checking account" able to spend whatever it wants.  The money has to come from somewhere and "giving" people more money pretty much makes the value of the dollar go down.  Yes people that get this "free" money will spend it somehow for the most part, but that doesn't boost the economy at all.  The "free" money comes from taxes paid by EVERYONE.  When government says that they are going to increase the "corporate tax" all it means is that the price of things will go up.

The second HUGE concern is the price of oil/petroleum.  One big factor is shutting down the Keystone Pipeline.  It not only killed thousands of jobs, but it also raises the cost of fuel.  Look at it this way, it does nothing to "save" or preserve the environment.  Rather than pumping thousands of gallons of oil through a pipeline from Canada to refineries in the U.S. the oil has to be moved via truck and/or rail which burns how much fuel?  In the long run shutting down the pipeline is actually more damaging to the environment.  The higher cost to transport and refine crude is going to drive prices up at the pump for everyone.

Third, housing prices have once again skyrocketed.  New home prices are higher because of the demand for materials which is down because of the China virus.  Once the supply chain levels off, the value will drop.  The higher value of homes here in Florida is driven up because of demand from people fleeing high-tax states such as New York.  The same is happening in places like Texas.

There are a lot more things going on and if you do the research you will find that the outlook isn't pretty.  Open your eyes and see what is going on around you.

That's my best advice.

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