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Posted
2 hours ago, Macanudo said:

I work in retirement plan consulting.   We started a firm wide list of clients that are changing or outright stopping their employer match or profit sharing contributions.  It is not a short list and we only started compiling it in August.

Jesus. I just quit my job. I've got enough for a year. If I live like Mahatma Gandhi, I'm fine. My accountant says that I did this at a very bad time. My stocks are down. I, uh, I-I-I'm cash-poor or something. I got no cash flow. I'm not liquid or, uh, something's not flowing. I know it. But they got a language all their own, those guys.

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Posted
4 minutes ago, Macanudo said:

No, I mean unemployement approaching double digits.   Or higher.

That will be the least of everyone's concerns if that happens. 

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Posted
7 minutes ago, Macanudo said:

No, I mean unemployement approaching double digits.   Or higher.

 

5 minutes ago, Beantown Express 2.0 said:

That will never happen because they will just change the numbers or decide not to report them.  This is a different world we are living in.  

everybodystaycalm-staycalm.gif

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Posted

While I never knew there were so many dip shits in this country, the numbers still show we are a 1-4 % difference between who gets in power.

I count on Trump and Company being absolute liars. And so they will not issue numbers that are unfavorable.  But the bright side is they are also incredibly stupid.  Which means they will either just quit issuing reports, or say that we have 100% employment when two out of three of your neighbors were laid off.   

While maggots will have no problem with that, I would bet my life that unemployed people with no health insurance will not react kindly to this administration lying about those issues.  I’m not saying this guarantees a blue wave, but I am saying that the GOP is going to have to put in a lot more work in their election chicanery efforts to pull this off.

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Posted (edited)
8 hours ago, Gatorubet said:

While I never knew there were so many dip shits in this country, the numbers still show we are a 1-4 % difference between who gets in power.

I count on Trump and Company being absolute liars. And so they will not issue numbers that are unfavorable.  But the bright side is they are also incredibly stupid.  Which means they will either just quit issuing reports, or say that we have 100% employment when two out of three of your neighbors were laid off.   

While maggots will have no problem with that, I would bet my life that unemployed people with no health insurance will not react kindly to this administration lying about those issues.  I’m not saying this guarantees a blue wave, but I am saying that the GOP is going to have to put in a lot more work in their election chicanery efforts to pull this off.

Narrator: They were, in fact, putting in a lot more work in their election chicanery efforts. 

Edited by Hookah Horns
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Posted
6 minutes ago, HenryJames said:

Hahahaha

CNBC guy almost had the right response there. "That sounds like malarkey. Come on, man!"  Not quite.  The  correct response was "Fuck you. Get outta here with your bullshit, you lying piece of shit."

And Bessent has vaulted into the top 5 most punchable faces list with that smug look after saying "Biden."  Holy shit, that guy needs a beating.

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Posted (edited)

Such a fuckin liar!  We all know the truth... it was Hillary and her emails! 

Then again, Hunters huge hog does make me what to stop being a soyboy.  I am sure the Chinese feel this even more. 

Edited by Horn Dog
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Posted
31 minutes ago, Gap03 said:

CNBC guy almost had the right response there. "That sounds like malarkey. Come on, man!"  Not quite.  The  correct response was "Fuck you. Get outta here with your bullshit, you lying piece of shit."

And Bessent has vaulted into the top 5 most punchable faces list with that smug look after saying "Biden."  Holy shit, that guy needs a beating.

Call up Pulte to deliver on it

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Posted
1 hour ago, Gap03 said:

CNBC guy almost had the right response there. "That sounds like malarkey. Come on, man!"  Not quite.  The  correct response was "Fuck you. Get outta here with your bullshit, you lying piece of shit."

And Bessent has vaulted into the top 5 most punchable faces list with that smug look after saying "Biden."  Holy shit, that guy needs a beating.

Imagine that you're the GOP treasury secretary and a conservative CNBC anchor tells you to your face that you made up that story. 

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  • 3 weeks later...
Posted

One of the articles I read last night said that the number of lower FICO score car loans in default more than 60 days has doubled in the last month.

The article mentioned that keeping a car note current is one of the priorities of people who won’t pay other creditors because everyone needs their car.    However, not being able to afford food or medicine will prime a car note.    

I was about to lease or buy a new vehicle as I get ready for a retirement in a year or two, but I’ve decided to wait a bit because I think there will be a large number of very inexpensive and newish used vehicles on the market in the next year. 

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Posted
9 minutes ago, Gatorubet said:

One of the articles I read last night said that the number of lower FICO score car loans in default more than 60 days has doubled in the last month.

The article mentioned that keeping a car note current is one of the priorities of people who won’t pay other creditors because everyone needs their car.    However, not being able to afford food or medicine will prime a car note.    

I was about to lease or buy a new vehicle as I get ready for a retirement in a year or two, but I’ve decided to wait a bit because I think there will be a large number of very inexpensive and newish used vehicles on the market in the next year. 

It's about to be a good time to be a vulture with cash to spend on distressed assets.  Maybe the best time in our lifetimes.

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Posted
5 minutes ago, Brisketexan said:

It's about to be a good time to be a vulture with cash to spend on distressed assets.  Maybe the best time in our lifetimes.

This you on the ledge? It is more of a perch sir. 

image.jpeg.70035cd5450506d41580f7c473928bb2.jpeg

 

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Posted (edited)
48 minutes ago, Brisketexan said:

It's about to be a good time to be a vulture with cash to spend on distressed assets.  Maybe the best time in our lifetimes.

I agree. Been thinking of that. I read earlier this week that the number or percentage of folks late on their car payments has doubled and is higher than during the 2008 crisis (and the economists interviewed were talking about how it's a very big deal because the car payment is one that most people prioritize first, after shelter because it's so important in US).

ETA: Also a big driver obviously is car payments are like literally twice what they were in 2008 with the average car price being so high and the dearth of cheap/budget/economy vehicles anymore, etc.

Might be able to get some sweet rides on the cheap soon?

Edited by Vegas64
Posted
1 hour ago, Gatorubet said:

One of the articles I read last night said that the number of lower FICO score car loans in default more than 60 days has doubled in the last month.

The article mentioned that keeping a car note current is one of the priorities of people who won’t pay other creditors because everyone needs their car.    However, not being able to afford food or medicine will prime a car note.    

I was about to lease or buy a new vehicle as I get ready for a retirement in a year or two, but I’ve decided to wait a bit because I think there will be a large number of very inexpensive and newish used vehicles on the market in the next year. 

No, there won't. 

Posted
2 hours ago, Brisketexan said:

It's about to be a good time to be a vulture with cash to spend on distressed assets.  Maybe the best time in our lifetimes.

The conundrum is whether to buy the cheap beach front summer property, or the cheap summer mountain cabin.

Do you want to lose that uninsurable property from the Cat 5 hurricane storm surge - or from the uncontrolled wildfire caused by unraked forest floors?

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Posted
On 9/30/2025 at 3:54 PM, The Original Greaser Bob said:

Jesus. I just quit my job. I've got enough for a year. If I live like Mahatma Gandhi, I'm fine. My accountant says that I did this at a very bad time. My stocks are down. I, uh, I-I-I'm cash-poor or something. I got no cash flow. I'm not liquid or, uh, something's not flowing. I know it. But they got a language all their own, those guys.

south-park-its-gone.gif

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Posted (edited)
2 hours ago, Vegas64 said:

I agree. Been thinking of that. I read earlier this week that the number or percentage of folks late on their car payments has doubled and is higher than during the 2008 crisis (and the economists interviewed were talking about how it's a very big deal because the car payment is one that most people prioritize first, after shelter because it's so important in US).

ETA: Also a big driver obviously is car payments are like literally twice what they were in 2008 with the average car price being so high and the dearth of cheap/budget/economy vehicles anymore, etc.

Might be able to get some sweet rides on the cheap soon?

Also job opportunities..

repo-man-1984.jpg?w=672&h=372&crop=1

Edited by yoladu
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Posted (edited)

If there’s a robust market for this on the buyer side, why would there be any takers on the selling side?  Desperate for a quick cash infusion that they can’t get via loan?

Edited by Pato del Muerto
Posted
1 minute ago, Pato del Muerto said:

If there’s a robust market for this on the buyer side, why would there be any takers on the selling side?

h98dnxsvb6xa1.jpg

Emphasis on the "now."

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Posted
7 minutes ago, Pato del Muerto said:

If there’s a robust market for this on the buyer side, why would there be any takers on the selling side?

 

5 minutes ago, Brisketexan said:

h98dnxsvb6xa1.jpg

Emphasis on the "now."


The sellers have already been blasted in the ass by tariffs. The cost has already been realized.

Selling the rights to $ that may or may not materialize is ‘free money’ that can go to help offset the ass blasting they just took

And if you’re buying the rights at a fraction of the cost (pennies on the dollar) of the payout, then that’s a pretty decent payout to risk ratio  IMO. But a lot more risk than say if Biden (or any dem for that matter) had imposed tariffs. The Calvin ball court makes the this play a lot cheaper bc there’s some real risk the Supreme Court just rubber stamps this admin no matter what.

It’s the whole idea of debt collection agencies…. 
Which is so fitting considering this was all caused by a man who’s gone bankrupt multiple times and never paid his bills.

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Posted
19 minutes ago, The Hot Dog Buffet said:

Anyone dumb enough to bet on the supreme court ruling in favor of what's actually legal deserves to lose their money.

Yeah it would be wild if someone at the supreme court were to leak insider details. Would never happen. Oh wait. 

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Posted
17 minutes ago, Chopper said:

Yeah it would be wild if someone at the supreme court were to leak insider details. Would never happen. Oh wait. 
 

 

Hear me out man.

The MAGA judges rule correctly on this one only because they’re the ones buying the puts.

Corruption judo.

Posted

Question for the board:

So if a massive refund was actually done, but the company getting $ back had raised the prices of food to consumers, that seems like an awesome double dip for those companies and the consumers are just fucked, right?

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Posted
17 minutes ago, scottsins said:

Question for the board:

So if a massive refund was actually done, but the company getting $ back had raised the prices of food to consumers, that seems like an awesome double dip for those companies and the consumers are just fucked, right?

This whole administration boils down to one, simple axiom:  THEY'RE ROBBING US!

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Posted
Question for the board:

So if a massive refund was actually done, but the company getting $ back had raised the prices of food to consumers, that seems like an awesome double dip for those companies and the consumers are just fucked, right?

You get it.
There is no scenario in Trumpland where the people don’t get completely buttfucked, repeatedly and relentlessly.
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Posted

You get it.
There is no scenario in Trumpland where the people don’t get completely buttfucked, repeatedly and relentlessly.

So we are all on Epstein’s island?
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