09-27-2021, 08:14 AM
(09-27-2021, 06:36 AM)fenders53 Wrote: Yes a Great Recession type pullback is all I fear. I saw it adjust retirement dates. Add a ten year recovery and it's trouble. I really don't think the market is bubbly on that level. I don't worry about bank failure. But I also have zero trust in politicians not taking us off a money spending cliff eventually. We are now 20yrs into spending like it doesn't matter. Each regime making the last one look thrifty lol. I see no path back to normalcy. A majority of millennials wonder if they can ever buy a home. They are probably in no mood to pay up and fix our bankrupted pension funds. Damn boomers lol.
Now back to the thread. We need more 4% yielders soon lol.
Apparently the failed effort in Afghanistan cost $300 million per day. Per day!!! What a waste. At least that's over.
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I recently made a small position in LYB; we'll see how it goes.