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Old 05-12-2022, 12:16 PM
 
1,647 posts, read 874,331 times
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Quote:
Originally Posted by Mikala43 View Post
I believe we should be as diversified as possible when it comes to buying things from other countries.

A lot of us talk from the perspective of never owning a business, especially a manufacturing business. Each country has a myriad of business laws to navigate. In addition, you still must get the raw resources and manage shipping. China was chosen not at the goodness of business owners’ hearts. They were literally a one stop shop for production, had cheap labor, resources, favorable logistics, and a favorable business climate all in one. No offense to Latin America but many of those countries are a hot mess when it comes to doing business. Just look at Brazil.

Diversification while ideal, is very difficult to come by in many sectors.
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Old 05-12-2022, 12:16 PM
 
956 posts, read 512,346 times
Reputation: 1015
Quote:
Originally Posted by moguldreamer View Post
There was no shortage of homes then.

There is no shortage of homes now.



Value is determined by the transaction price between a willing buyer and a willing seller.
Uhm yes there is. There was a big chip shortage and still ongoing affecting video cards bi time. It has gotten much better on that front for now, but still is there.

There has been a massive shortage of homes on the market for nearly 10 years now.

I mean historically there is a 3-6 month supply of homes which took 1-2 months or longer to sell when priced correctly. Since 2013, homes priced correctly have sold within hours or a day many with bidding wars above asking price. Historically before 2013, that did not happen nationally very often.

If there is no shortage of homes now or then or for the past 9 years, then there is also no chip shortage either in last 1.5 to 2 years and now cause its all supply and demand right???
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Old 05-12-2022, 12:28 PM
 
30,205 posts, read 11,863,986 times
Reputation: 18708
Quote:
Originally Posted by Ice_Major View Post
A lot of us talk from the perspective of never owning a business, especially a manufacturing business. Each country has a myriad of business laws to navigate. In addition, you still must get the raw resources and manage shipping. China was chosen not at the goodness of business owners’ hearts. They were literally a one stop shop for production, had cheap labor, resources, favorable logistics, and a favorable business climate all in one. No offense to Latin America but many of those countries are a hot mess when it comes to doing business. Just look at Brazil.

Diversification while ideal, is very difficult to come by in many sectors.
We do a lot of business with factories in Mexico. Obviously the close location is the biggest reason. Mexico is a hot mess with the violence and the cartel control. Still it works for us. And you increase trade with these poorer countries and they become less poor and hopefully more stable.
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Old 05-12-2022, 12:29 PM
 
7,939 posts, read 3,898,765 times
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Quote:
Originally Posted by Oklazona Bound View Post
Our dependence on China which was created by our federal government allowing China to have favored trade status with us. And doing nothing about all the jobs and factories that went away.
Incorrect. Our federal government wanted factories and jobs to go offshore. To achieve that objective, our government implemented tax policies and a regulatory framework to encourage them to do so.

It had nothing to do with trade status.

Quote:
Originally Posted by Oklazona Bound View Post
...the fed is looking at what best for the biggest corporations
a) "Corporation" is not a 4-letter word
b) Corporations are owned by shareholders - primarily public sector union pension funds, public sector non-union pension funds, private sector union pension funds, and individual families who are saving for their own retirement and to put kids through college.

What do you have against unions, retirees, families saving for retirement & to pay for college, and widows & orphans?
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Old 05-12-2022, 12:36 PM
 
7,939 posts, read 3,898,765 times
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Quote:
Originally Posted by Oklazona Bound View Post
But its influenced greatly on interest rates and available homes. Not as simple as you portray it.
Irrelevant.
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Old 05-12-2022, 12:36 PM
 
Location: PNW
7,688 posts, read 3,314,376 times
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I listened to something recently and the guy stated that the Fed doesn't give a rip about inflation and that it's all really about maintaining the Dollar at all costs. Without our Reserve Currency status we are hosed. I posted the link for that (above).
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Old 05-12-2022, 12:46 PM
 
Location: Everywhere.
2,057 posts, read 1,614,446 times
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Quote:
Originally Posted by Sugarlandbubba View Post
SP500 in the first 2 years under Trump:

2017: 21.61%
2018: -4.23%

SP500 in the first 2 years under Biden:

2021: 28.47%
2022: ?
Let’s fill in 2022 so far(year to date) under Biden:

SP500: -19.38%
NASDAQ: -29.35%
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Old 05-12-2022, 12:47 PM
 
Location: Orange County, CA
4,908 posts, read 3,369,633 times
Reputation: 2977
From another thread on this same forum:

Quote:
The surest way to destroy a nation is to debauch its currency.” – Vladimir Ilyich Lenin

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Ilyich Lenin

“The establishment of a central bank is 90% of communizing a nation.” – Vladimir Ilyich Ulyanov Lenin
Now everything starts to make sense for why the FED and other Central Banks are doing what they are doing.

Ron Paul was right.

END THE FED!!!
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Old 05-12-2022, 12:50 PM
 
Location: Middle of the valley
48,575 posts, read 34,956,927 times
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Quote:
Originally Posted by Ice_Major View Post
A lot of us talk from the perspective of never owning a business, especially a manufacturing business. Each country has a myriad of business laws to navigate. In addition, you still must get the raw resources and manage shipping. China was chosen not at the goodness of business owners’ hearts. They were literally a one stop shop for production, had cheap labor, resources, favorable logistics, and a favorable business climate all in one. No offense to Latin America but many of those countries are a hot mess when it comes to doing business. Just look at Brazil.

Diversification while ideal, is very difficult to come by in many sectors.
I DO understand that. That's why I said "as much as possible."

I think China's economic boom greatly enhanced the lives of Americans, with some drawbacks. But isn't that always the case?
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Old 05-12-2022, 12:55 PM
 
2,344 posts, read 973,374 times
Reputation: 1426
Quote:
Originally Posted by Threestep2 View Post
Calm down - I can recall 10%. You want to borrow your house. You have to pay the rate.
Unemployment - work in my industry and you will scratch your head over rude, unpleasant, entitled, because I have to do this for unemployment, .... .
Prices are up from baby formula to 4x4s. Look towards a certain part of the country and complain there.

10% mortgage rates was in a different era, when the economy was actually stronger and housing prices weren't astronomically high.
One could argue that perpetual low interest rates create cheap money caused all kinds of asset bubbles.
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