>Everyone's focused on Ukraine
>Meanwhile, investors are buying up over 30% of the housing market
>Fed won't control inflation, raises rates a measly 25 bps to resolve bullshit CPI figure of 7.9% inflation (we all know it's higher)
>Fed wants a "soft landing" but tackling inflation head-on will cause a recession
>Fed stops buying bonds in March after adding MBS to their books for well over a decade
>Median interest rates on 30 year fixed inching closer to 5%, wasn't supposed to break 4% this year
>1/3 of all millennials have dipped into their 401ks, many for down payments
>10% of all new purchase loans in Jan were ARM
>Seven fold increase in foreclosure starts in Jan
>Housing starts highest since 2006
>Student loan deferment ends May 1
>Another 25 bps raise planned in May
ruh-roh
Meanwhile
yeah, regardless of what happens a large section of the public is gonna get fucked
Millennials have 401ks?
Fed dug quite a hole this time
Not for long
Fuck all them niggas. Seriously, fuck 'em. That's exactly why I'm getting my money right now
I've seen the writing on the wall for a while now. If you know how to make & save money, especially with crypto, then you better do it right now as much as possible while you still can. Let the normies be preoccupied with sex, drugs, partying and politics, they'll pay for it harder and sooner than they think
How do we newfrogs avoid the economic fucking?
I almost got married last year. Holy fuck I'd genuinely cry in despair if I know what's in store for us in the coming years
i dunno. i'm betting on crypto. the technology is starting to snowball and the existing monetary system is shit. market volatility is a force beyond my control, but long term i think crypto will win
>I'm betting on crypto to win because I'm invested in crypto because of xyz reason that confirms by bias
Holy cope. I bet the world starts using the digital dollar in the form of CBDC before they start using things like Bitcoin, let alone your shitcoins and uselss tokens.
i can tell by the way you write that you are of low intelligence and your posts will be disregarded
All of it can be avoided with crypto and boomer stocks that pay divs.
he is right you know,
gullible fool
Ok and? People flip worthless nft's for ungodly amounts of money daily. Have fun being right and poor.
where are you going with those goalposts bro
stop
dont go
Just remember to hold 100% of your life savings in the US dollar, blame entrepreneurs for your problems, and vote for gibs.
b-bros.
I have friends who leveraged everything onto ARM's
/3 of all millennials have dipped into their 401ks, many for down payments
If millennials get fucked over again and their response, rather than to take back what's been stolen, is to shill more bernie sanders then there's nothing which can be done. People are so fucking stupid it's outrageous.
fixed rate mortgage is a short on the dollar. dont buy bigger than you can afford. read and contemplate cryptohayes.medium.com
the current monetary system is going down, russia/ukraine accelerated this trend. get assets outside the system, governments around the world are rushing to get CBDC as its the only way to kick the can down the road for a few more years. getting out of the system will only become harder as time progresses
long term crypto and precious metals will remain while the cbdcs and government by fiat will crash. its the getting there that will be rough, read the sovereign individual for a quick rundown, its available as audiobook on yt. expect politics to get even more fake and gay for the rest of this decade and states to crack down on individual freedom. however, 3rd world countries like el salvador and russia/china will break the system by calling the fiat bluff
kek you know they will. They're already asking for student loan forgiveness. Here's the source for that 1/3rd figure, btw: time.com
ngmi
Wtf happens to the stock market and shares if the dollar crashes?
reading that again, Times was gay with their statistic
>33% of millennial workers have already taken a loan or withdrawn money from their 401(k) or similar retirement plan in 2020, or are thinking of doing so
meanwhile mass mutual said 54% had dipped into 401ks back in 2019
can't imagine the figures are much better now that down payments require shuffling together more funds