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Posted: 1/27/2021 10:11:27 PM EDT
[#1]
Quote HistoryQuoted: And what? Even if you have cash on hand, it won't change anything; you'll just have more toilet paper on hand. Don’t have to raid Costco for TP if you already have all your cash on hand. |
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Posted: 1/27/2021 10:14:15 PM EDT
[#2]
Quote HistoryQuoted: I have plausible explanation. A massive amount of people have fled the cities and bought property in the suburbs and rural areas across the country as a result of COVID and the riots and the election. Those people do not appear to have sold their places in the cities because the moves were so quick and around here they still have their out of state car tags. That means they must have had the money to be able to buy a new property without selling their old property. That money probably came from savings accounts and money market fund accounts which are liquid and moved into accounts that are more liquid like checking accounts to close on these property. It is not unreasonable to suggest $ 700 Billion was taken out of savings and money market accounts and put into checking accounts and then that money was spent on second homes outside of cities. We know those real estate areas have gone nuts with prices doubling in a year in many places. That money had to come from someplace. I am willing to be if someone could do the numbers on dollars of real estate transactions it would end up being about a $700 Billion dollar increase. Am I wrong? AM I missing something? I think that is happening but I dont think it is that quick of a turn. I think that is s ok mething we are going to see over the next 2 years. How much of that is at once will be dependent on several factors. |
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Posted: 1/27/2021 10:17:47 PM EDT
[#3]
Quote HistoryQuoted: Whenever I see or hear the word "harbinger" I get hungry. I think of werewolf with a southern accent... |
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Posted: 1/27/2021 10:19:34 PM EDT
[#4]
Quote HistoryQuoted: Just did it myself by adding the Total Savings Deposits line via "Edit Graph". https://www.ar15.com/media/mediaFiles/307850/Screen_Shot_2021-01-27_at_6_01_52_PM_png-1799872.JPG Thank you for helping us lazy folk. 
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Posted: 1/27/2021 10:19:47 PM EDT
[#5]
Quote HistoryDoge hits 1 dollar!!!!!! I'll be rich!  |
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Posted: 1/27/2021 10:21:11 PM EDT
[#6]
Quote HistoryQuoted: Edit Graph -> Add Line -> Search for "Total Savings Deposits at all Depository Institutions" -> Add Series Quote HistoryQuoted: Quoted: how do you add total savings deposits? Edit Graph -> Add Line -> Search for "Total Savings Deposits at all Depository Institutions" -> Add Series Thanks, I can't find the raw numbers, those are seasonally adjusted which may be introducing errors since the numbers for this season are anything but normal |
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Posted: 1/28/2021 9:40:01 AM EDT
[#7]
I'm beginning to wonder if the $GME kerfuffle is going to have a ripple effect in the market. Something sure as hell spooked the market yesterday. I'm beginning to wonder if a lot of short sellers (hedge funds and others) are having to liquidate their stawks to cover their losses. If it's a big enough disruption, it will have a cascade effect on the market as a whole with lots of folks getting hit with a margin call and/or the need to sell to cover losses.
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Posted: 1/28/2021 10:28:11 AM EDT
[#8]
Quote HistoryQuoted: I'm beginning to wonder if the $GME kerfuffle is going to have a ripple effect in the market. Something sure as hell spooked the market yesterday. I'm beginning to wonder if a lot of short sellers (hedge funds and others) are having to liquidate their stawks to cover their losses. If it's a big enough disruption, it will have a cascade effect on the market as a whole with lots of folks getting hit with a margin call and/or the need to sell to cover losses. That very scenario was discussed in a few of the GME threads. |
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Posted: 1/28/2021 10:44:40 AM EDT
[#9]
Quote HistoryQuoted: I think of werewolf with a southern accent... Quote HistoryQuoted: Quoted: Whenever I see or hear the word "harbinger" I get hungry. I think of werewolf with a southern accent... |
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Posted: 1/28/2021 10:48:26 AM EDT
[#10]
Quote HistoryQuoted: My savings are in fidget spinners. On Monday I'm gonna make millions. You fool! I put mine in Beanie Babies, see ya at the Lambo dealer sucka!!
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Posted: 1/28/2021 10:49:42 AM EDT
[#11]
Actually planning on doing something very similar. Leave $5k in for paying the bills. Pay down the mortgage by like half. Take the rest out in cash over a couple of days or weeks.
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Posted: 1/28/2021 10:51:11 AM EDT
[#12]
Quote HistoryQuoted: What is a savings account? My butler tells me a bank is where middle class people keep money that isn't properly invested. |
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Posted: 1/28/2021 10:53:24 AM EDT
[#13]
I called the bank and they need 20 business days to assemble that much cash.
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Posted: 1/28/2021 11:19:51 AM EDT
[#14]
Wife raided my wallet to get her hairs did. My savings account is now empty.
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Posted: 1/28/2021 11:19:57 AM EDT
[#15]
Quote HistoryQuoted: Getting financial advice from youtube is worse than getting financial advice from arfcom. And then there is the multiplication factor arfcom X youtube = 0. 
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Posted: 1/28/2021 11:20:57 AM EDT
[#16]
Quote HistoryQuoted: https://www.ar15.com/media/mediaFiles/231252/Zimbabwe_Trillion_3_CROP_jpg-1799625.JPG Let's get this party started! Well it is a way of fixing the national debt. 
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Posted: 1/28/2021 11:46:52 AM EDT
[#17]
Quote HistoryQuoted: My savings account is in my safe in $100 bills. I have no use for banks other than my direct deposit In this thread we figure out who doesn't understand fractional reserve banking, inflation, etc. Keeping those dollars in your safe doesn't save you from what's coming...probably just the opposite. |
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