I had the chance to move a bunch of money from oil stocks to bonds last year, should I be sad or glad I didn't? Clearly oil is down like everything else but...
The government taxes people to pay for services it provides. If it can't pay for them, you have a "deficit" and must borrow the rest of the money by selling bonds. When Yields go up, it means people are not buying bonds and selling the ones they have and losing faith in...
You are fucked but that has not as much to do with your investments and more to do with the US Currency is about to crash. The main reason the USD had such a high value for decades is because US Treasury bonds were seen as a safe stable investment.
Me, to my mother: Maybe uhhhh ask if you need that item right now or if it can wait, you know?
Mom: We are! :)
Since I jumped in on the 5th, cleaned our house of demons (told libertarian dad to put some respect on it) on the 7th, mom has uhhh kinda realized I was not joking around.
Assholes like you are the reason people give up on understanding the world around them and decline to be involved. You want all conversations to be led and dominated by experts, while the rest of us sit in silent admiration of your academic credentials. You're a pompous jerk.
Really, what kind of a joke makes fun of people for trying to take part in a discussion of economic issues? Apparently you are too far up our own ass to understand my post.
That's not what the joke was. The joke is that some people are terminally online and some aren't and right now economic issues are scary. It wasn't attacking anyone's intelligence, you're just a deeply unpleasant person.
If that was the joke, then it was very badly worded and delivered. It was obviously mocking those trying taking to take part in a discussion of the effects of economic policy. You're just spinning it now because someone called it out for being elitist.
On the one hand im like, this could be bad, really bad. On the other hand, I live in Germany and if the petrodollar collapses then my mortgage in the US is going to be a looooooot cheaper for my to maintain.
US standard of living is going to collapse though.
Comments
https://www.tutor2u.net/economics/topics/j-curve-effect#:~:text=The%20J%2Dcurve%20effect%20refers%20to%20the%20phenomenon,devalues%20its%20currency%20or%20otherwise%20reduces%20its
Uhh I mean NUMBERS SCARY
Mom: We are! :)
Since I jumped in on the 5th, cleaned our house of demons (told libertarian dad to put some respect on it) on the 7th, mom has uhhh kinda realized I was not joking around.
It's gonna be ok.
Bye!
US standard of living is going to collapse though.