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Godsgirl83

Guest
#89,881
#89,881
zeroturbulence said:
I thought I posted these donuts in here earlier. I don't know how they got to that other thread :ROFL:

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Do NOT BE FOOLED friends........
This is just a picture of the donuts Zero took to the other thread.
The actual donuts given to the other thread were already consumed by @Gojira and myself and anyone else who was planning the Mars trip in that thread :LOL:
(sorry, ;) but hey, it was very late at night and we were hungry. )
 
mailmandan

mailmandan

Senior Member
#89,882
Apr 7, 2014
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zeroturbulence said:
In my opinion, no one can look that far ahead with any sort of accuracy. We are in uncharted territory with the virus and the economy restarting. The restart has been very good for the market (obviously). Even the real estate market is at all-time highs, although it is because people are taking advantage of the low interest rates while they can. Not because there are a lot of people with lots of money to spend. I don't see any bottom falling out of anything in the near future. I saw the great recession coming about 4 years before the crash of 2007. I'm not saying I'm some kind of expert, but I did see it coming because I saw a lot of warning signs. I don't see any warning signs right now. Not even the inflation that everyone is talking about. But of course I could be wrong..
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I work with a handful of people who are out of the stock market right now because they are nervous it’s going to crash under Biden eventually. Others are afraid to get back into it because everything is riding high now. I keep wondering about upcoming foreclosures once the CARES act runs out.
 
JohnDB

JohnDB

Well-known member
#89,884
Jan 16, 2021
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mailmandan said:
I work with a handful of people who are out of the stock market right now because they are nervous it’s going to crash under Biden eventually. Others are afraid to get back into it because everything is riding high now. I keep wondering about upcoming foreclosures once the CARES act runs out.
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The foreclosures aren't going to be that big of a pop.
Those who were in trouble got new jobs and rolled over the past due amounts into a lower interest rate out of the new equity from rising values.

Also the underwriting for the mortgages has been really good as well.

Crashes happen when everyone cashes out of the market and there is no liquid money to buy anything.

In the meantime money shifts to more tangible assets like commodities and value stocks. (Low P/E ratios and dividends) Also bonds do well
 
zeroturbulence

zeroturbulence

Senior Member
#89,885
Aug 2, 2009
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#89,885
mailmandan said:
I work with a handful of people who are out of the stock market right now because they are nervous it’s going to crash under Biden eventually. Others are afraid to get back into it because everything is riding high now. I keep wondering about upcoming foreclosures once the CARES act runs out.
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I wouldn't worry too much about that (like JohnDB said). We know now that the government will bail out banks if it has to, but this time it's not millions of defaulting mortgages due to rapidly rising interest rates (thanks to former fed chair Bernanke raising the rates every chance he could). The real estate market is actually having a huge boom right now. They can't sell houses fast enough and prices are at all time highs. If there does happen to be a wave of default mortgages when CARES runs out, it will most likely be more of a whisper than a roar.
 
JohnDB

JohnDB

Well-known member
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Jan 16, 2021
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zeroturbulence said:
I wouldn't worry too much about that (like JohnDB said). We know now that the government will bail out banks if it has to, but this time it's not millions of defaulting mortgages due to rapidly rising interest rates (thanks to former fed chair Bernanke raising the rates every chance he could). The real estate market is actually having a huge boom right now. They can't sell houses fast enough and prices are at all time highs. If there does happen to be a wave of default mortgages when CARES runs out, it will most likely be more of a whisper than a roar.
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The renters moratoriums are worse than the mortgage situation.

Most are investment properties belonging to groups of people. (Including pension funds)
But the property's value is going down the tubes because of it.

When the unpaying tenants are finally evicted that lost revenue will have to be made up... despite the buildings being gutted and refurbished.
Rent is going to go sky high afterwards.
 
mailmandan

mailmandan

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Apr 7, 2014
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shittim

shittim

Senior Member
#89,888
Dec 16, 2016
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#89,888
looks like the cc herd got thinned a bit.
This kneeling bit has turned me off from watching any pro football.
 
zeroturbulence

zeroturbulence

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Aug 2, 2009
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JohnDB said:
The renters moratoriums are worse than the mortgage situation.

Most are investment properties belonging to groups of people. (Including pension funds)
But the property's value is going down the tubes because of it.

When the unpaying tenants are finally evicted that lost revenue will have to be made up... despite the buildings being gutted and refurbished.
Rent is going to go sky high afterwards.
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Yes I wondered about that, and I think its a big question mark. The property owners still own the buildings which are worth a lot of money even if they've lost value. Everyone who owns an apartment building takes a risk just like any business and selling it may be the only option for some, but at this point anything can happen. I wouldn't be surprised if the government steps in and offers some kind of relief for landlords. But whatever the outcome, I don't think the effect will be large enough to hurt the stock market, but I could be wrong..
 
Magenta

Magenta

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#89,893
Jul 3, 2015
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#89,893
JohnDB said:
And where is @Magenta ?
She is kinda missing from this thread for a couple days now. I did find her in a theological thread in a discussion about some very complicated theological principles and I was truly impressed with her thoughts and defense of her position.
This thread is usually fairly light and not "brainiac" in most respects...and she is highly creative and talented in that respect...and when I saw that she was beyond the average in her discussion of theological principles...I'm just kinda impressed.
I'm odd in the diversity of topics I like to talk about... didn't think that there were many people that could like we do. (My wife can so I married her)

And she seems to be a rather pleasant person on top of that.
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Thank you very much for your very kind words, John :) I do appreciate it... especially given some of the temperature rises in a few of the other threads I have been visiting, where thinking outside the box, or presenting material in an attempt to bring balance to the one sided views that predominate, seems to offend others greatly. Others who claim they have a right to their opinion while trying to silence mine! That attitude of intolerance is all over social media, and it gives me pause to think Satan is having a field day in the midst of it all, which is really rather nothing new given humanity's propensity to take up arms. I just don't think it is what we are called to do as Christians; it is certainly not the directive given to us by Jesus, and yet that is exactly the solution some see as being appropriate.

The world is going to hell in a hand basket as they say. It makes me wonder if smaller tribal societies survived better simply because everyone was in agreement or otherwise forced to conform which was easier to see as being for the greater good when you knew and/or were related to almost everyone. Of course the smaller societies often got eaten up by bigger ones. Now we have too many competing ideas and people at everyone else's throats over it. Best to find what peace and comfort you can in Jesus. It is not found anywhere else that I can tell...

You are very fortunate to have such a wife! It would benefit me greatly to have someone to incentivize me just to go for walks, for starters :giggle: A friend of mine has been helping me deal with some of my government-related red-tape papers related to finances, and he has been telling me he thinks my spending time here has negatively impacted me, since he claims I am not the person I was over twenty years ago, which is the time-line when we were closer and spent more time together on a regular basis. But who is the same as they were decades ago? Plus, twenty years ago I was not a Christian. To say my conversion greatly changed me would be an understatement, for it turned my world upside down and caused me to rethink my position on just about everything LOL. The revisions continue. I am a work in progress, as are we all :D And my surgical wound is almost fully healed!

I hope you and your wife have had a lovely Sunday :) I designed this panel this afternoon:


Hebrews 10:22-25
And this one yesterday:


2 Corinthians 10:3-5
And finally (hooray!) finished this one for @She_is_Legendary :


Romans 12:13
:)
 
GandalfTheWhite

GandalfTheWhite

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Jan 25, 2015
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p_rehbein

p_rehbein

Senior Member
#89,897
Sep 4, 2013
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#89,897
mailmandan said:
Buffalo Bills remain in locker room for national anthem before game vs. Lions

https://detroitsportsnation.com/buf...ady/nfl/detroit-lions-news/08/13/2021/255872/

According to reports, the Buffalo Bills elected to remain in the locker room during the singing of the national anthem and once it was over, they came out to a ton of boos from the fans at Ford Field.
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they deserve to be booed and worse IMO.......

millionaire cowards should be disowned by their fans, but, sadly, many of the fans are just as cowardly
 
p_rehbein

p_rehbein

Senior Member
#89,899
Sep 4, 2013
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#89,899
Night fishing lately to beat the heat..........

this was just before heading home for a hot cup of coffee and something to eat
darkthirty.jpeg


just as the sun went behind the mountains
pfishey.jpg
 
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