Banks/Money Managment

BananaJeep said:

I've been in banking for quite a few years. I've done everything from being on the front-line staff, running a branch, being a loan officer, etc. After a few years in the industry I can tell you...

all banks and credit unions suck. They are all out to make money. Keep cash in the back of your safe and call it a day. Lol

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longarmwj said:

Haven’t seen you on here in forever!


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BananaJeep said:

I've been in banking for quite a few years. I've done everything from being on the front-line staff, running a branch, being a loan officer, etc. After a few years in the industry I can tell you...

all banks and credit unions suck. They are all out to make money. Keep cash in the back of your safe and call it a day. Lol

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WJCO said:

https://www.cnbc.com/2019/08/13/us-...level-since-2007-amid-risk-off-sentiment.html

https://www.marketwatch.com/story/t...cks-are-on-borrowed-time-says-baml-2019-08-13
" A yield curve inversion along the 2-year/10-year spread has come before the last seven recessions."

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WJCO said:

https://www.cnbc.com/2019/08/13/us-...level-since-2007-amid-risk-off-sentiment.html

https://www.marketwatch.com/story/t...cks-are-on-borrowed-time-says-baml-2019-08-13
" A yield curve inversion along the 2-year/10-year spread has come before the last seven recessions."

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Brute said:

yup...it’s been a crazy year, and it’s not over yet...for those of you about to pull the trigger on a new mortgage, wait just a bit...the Feds will have another drop in the rate (maybe more than one) soon...

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Brute said:

debt...

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notnalc68 said:

Buying opportunity.


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notnalc68 said:

Buying opportunity.


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Brute said:

so in love with debt...

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WJCO said:

Agreed.



That's the whole core problem right there. I wish I could keep a business going for decades by spending more than I take in.


The founding fathers didn't want a bank.


“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”

― John Adams 1826

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HighwayTrout said:

Exactly. Everyone looks at me like I’m the biggest asshole whenever I say “bring it”. About a recession.

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notnalc68 said:

I’ve been waiting for it. I hold a little in my retirement accounts, for times like this. I made a buy in the December dip, then sold it, not quite at the top, but close enough.

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WJCO said:

Been assuming it will happen since the last one. So many variables and "experts" on the big screen talking about this and that, but the foundational problem still remains: DEBT. The world reserve currency is the USD. It used to be strong but now it's an illusion of strength and other nations don't want to play the game anymore. The entire world is entangled in this.

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notnalc68 said:

And that’s an issue our politicians refuse to attack, that no one gets worked up about.


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WJCO said:

Yep. Bush/Obama/Trump. Same mask with no solution.

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WJCO said:

Yep. Bush/Obama/Trump. Same mask with no solution.

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jesse3638 said:

Yep keep pushing deeper and deeper into it. Accepting the newest "Max depbt" level.

Maybe I'll start living my life modeled after the US government. LS swap, 60/80, and 40's here I come...haha. I'll just default on everything I own and my excuse will be, "But I'm just doing what the government does".

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notnalc68 said:

Too bad they aren’t as committed to tackling a real threat to every child...the national debt.



You have to have unlimited access to other people’s money, or your own mint.


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jesse3638 said:

Yep keep pushing deeper and deeper into it. Accepting the newest "Max depbt" level.

Maybe I'll start living my life modeled after the US government. LS swap, 60/80, and 40's here I come...haha. I'll just default on everything I own and my excuse will be, "But I'm just doing what the government does".

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