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The Swamp

  • #79,441
  • Dec 14, 2020 10:37am Dec 14, 2020 10:37am
Quoting gatorinla
{quote} With millions of foreclosures possibly happening, plus millions of evictions. The US consumer may get a quick kick in the nuts. If you can’t pay your house note, or your rent. You may not be a good consumer for the world in the near future. The markets have ignored this. Discretionary spending may slow. If you don’t have a job. You tend to spend less. It tends to trickle through the world. The money that wasn’t being spent on paying rent or house notes. May dry up further on discretionary spending

I read today that the Spanish government promised their citizens that there would be no residential foreclosures during the pandemic. Promise broken.

Bought a little NU .7077 It just had the steepest quickest drop I've seen on it since it began it's long bull run. Might be coming to an end.
  • #79,442
  • Dec 14, 2020 10:39am Dec 14, 2020 10:39am
Quoting Boulder
{quote} I went through your previous two laptops crash since I knew you 3 years ago...I still have all my three desktops the whole time.. keep that in mind..,,, better have desktop instead of laptop.., in case you travel, you can always trade on your phone..
No argument from me. Sometimes I like to just get on a plane. Edit; before corona I meant. I got a desktop, I don’t think I turned it on four years.
those who can, do. those who cant, talk about those who can
  • #79,443
  • Dec 14, 2020 10:43am Dec 14, 2020 10:43am
Quoting Blackopal
{quote} I read today that the Spanish government promised their citizens that there would be no residential foreclosures during the pandemic. Promise broken. Bought a little NU .7077 It just had the steepest quickest drop I've seen on it since it began it's long bull run. Might be coming to an end.
I used to own a lot of rental properties. If the tenants don’t pay my rent, I can’t pay the bank. There’s no free lunch. In the end to get people who are not paying their rent or mortgages. Will be paying for the bank bail outs. The rich never pay for this, it’s always the middle class and lower. But hey the stock markets doing great. It’s hard to keep an economy going, when you keep screwing the middle class. The middle class is the engine that keeps the economy going . The middle class are the consumers.
those who can, do. those who cant, talk about those who can
  • #79,444
  • Dec 14, 2020 11:04am Dec 14, 2020 11:04am
Quoting gatorinla
{quote} I used to own a lot of rental properties. If the tenants don’t pay my rent, I can’t pay the bank. There’s no free lunch. In the end to get people who are not paying their rent or mortgages. Will be paying for the bank bail outs. The rich never pay for this, it’s always the middle class and lower. But hey the stock markets doing great. It’s hard to keep an economy going, when you keep screwing the middle class. The middle class is the engine that keeps the economy going . The middle class are the consumers.

Yes, and when tenants can't afford to pay rent, landlords have to lower rents. If the income is not enough, they have to sell the rental properties. If many need to sell, they have to lower their asking price. They lose their equity, their investment becomes a liability, life savings vanish. And they may lose their own house. Some end up in cardboard boxes in L.A.
  • #79,445
  • Dec 14, 2020 5:30pm Dec 14, 2020 5:30pm
Quoting Blackopal
{quote} Yes, and when tenants can't afford to pay rent, landlords have to lower rents. If the income is not enough, they have to sell the rental properties. If many need to sell, they have to lower their asking price. They lose their equity, their investment becomes a liability, life savings vanish. And they may lose their own house. Some end up in cardboard boxes in L.A.
When banks have millions of properties to sell. It dont really matter.. Prices drop. Banks cant sell them all at once. It takes years, Meanwhile the guy (with a good job) who just bought at the top of the market, is screwed. He watches his home value disappear. As the banks have to board up some houses in his neighborhood. Some who can pay, decide to walk away. They can buy the same house at half the price across the street. We have been here before. As recent as 2008/09
those who can, do. those who cant, talk about those who can
  • #79,446
  • Dec 14, 2020 7:50pm Dec 14, 2020 7:50pm
Quoting Blackopal
{quote} That's odd. The most vindictive bastard on the planet seemingly pardoning someone other than his cronies and supporters. The only explanation I can imagine.... Assange has dirt on trump, and got the message to him that he will release it if trump doesn't help him.
I don't see it on the news, linky to article, please?

Took a short just a moment ago, hard stops at 79, but will watch it closely if it moves above 2163.
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  • #79,447
  • Dec 14, 2020 8:21pm Dec 14, 2020 8:21pm
Quoting orangekoala
{quote} I don't see it on the news, linky to article, please? Took a short just a moment ago, hard stops at 79, but will watch it closely if it moves above 2163. {image}

Looks like the Assange pardon was a rumor
  • #79,448
  • Dec 15, 2020 12:47am Dec 15, 2020 12:47am
Quoting gatorinla
{quote} When banks have millions of properties to sell. It dont really matter.. Prices drop. Banks cant sell them all at once. It takes years, Meanwhile the guy (with a good job) who just bought at the top of the market, is screwed. He watches his home value disappear. As the banks have to board up some houses in his neighborhood. Some who can pay, decide to walk away. They can buy the same house at half the price across the street. We have been here before. As recent as 2008/09
What is your advise on obtaining these houses.. or helping people in need?
  • #79,449
  • Dec 15, 2020 5:45am Dec 15, 2020 5:45am
Quoting q_import
{quote} What is your advise on obtaining these houses.. or helping people in need?
I wait till there cheap.. buy a bunch and rent them (people always need a place to live).. When the price goes up in a boom. Sell some or all.. Then wait for the next crash. The circle of life.

Inserted Video
those who can, do. those who cant, talk about those who can
  • #79,450
  • Dec 15, 2020 5:51am Dec 15, 2020 5:51am
Quoting Blackopal
{quote} Looks like the Assange pardon was a rumor
I heard it a few months back.. He puts out a rumor and waits for the publics reaction. If reaction is not so bad, he proceeds.
those who can, do. those who cant, talk about those who can
  • #79,451
  • Dec 15, 2020 7:01am Dec 15, 2020 7:01am
Johnson repeats to Cabinet that No-deal is still the most likely outcome:

Eur datapoints atm/
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  • #79,452
  • Dec 15, 2020 7:20am Dec 15, 2020 7:20am
Quoting gatorinla
{quote} I heard it a few months back.. He puts out a rumor and waits for the publics reaction. If reaction is not so bad, he proceeds.
Similar as you said this morning...

"If you don't find a way to make money while you sleep you will work until you die." - Warren Buffett
  • #79,453
  • Dec 15, 2020 8:55am Dec 15, 2020 8:55am
Quoting Boulder
{quote} Similar as you said this morning... "If you don't find a way to make money while you sleep you will work until you die." - Warren Buffett
I could sleep like this.
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those who can, do. those who cant, talk about those who can
  • #79,454
  • Dec 15, 2020 9:03am Dec 15, 2020 9:03am
good news from Moderna. It may also prevent the virus
those who can, do. those who cant, talk about those who can
  • #79,455
  • Dec 15, 2020 9:08am Dec 15, 2020 9:08am
Quoting gatorinla
{quote} I could sleep like this. {image}
love it....
  • #79,456
  • Dec 15, 2020 9:42am Dec 15, 2020 9:42am
Quoting Boulder
{quote} love it....
I know that, but i was talking about trading.
those who can, do. those who cant, talk about those who can
  • #79,457
  • Dec 15, 2020 10:08am Dec 15, 2020 10:08am
brexit: Big buzz in the last hour among tory mps that the uk is heading towards a brexit deal with the eu- political editor bbc newsnight
  • #79,458
  • Dec 15, 2020 10:13am Dec 15, 2020 10:13am
gbp,
she is moving.


https://charts.mql5.com/27/114/gbpus...al-limited.png
don't predict direction, but dance with flow of water
  • #79,459
  • Edited 4:54pm Dec 15, 2020 10:37am | Edited 4:54pm
Quoting gatorinla
{quote} I could sleep like this. {image}
I cranked it up with less deposit to stress.. 100$ verses 10k. Cranking it up more to break it, next test.
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those who can, do. those who cant, talk about those who can
  • #79,460
  • Dec 15, 2020 10:42am Dec 15, 2020 10:42am
Quoting gatorinla
{quote} I cranked it up with less deposit to stress.. 100$ verses 100k. Cranking it up more to break it, next test. {image}
Good backtesting.. I am here playing with fire, long and short GbpUsd.. I need to stop now...
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