Credit deflation and the reflation cycle to come (part 5)

[Loki]

7 minutes ago, HousePriceMania said:

If you're not worried then you're not alive.

I'm not worried, I'm poised

[Calcutta]

20 minutes ago, Loki said:

I'm not worried, I'm poised

Cock in hand. The time of purification is upon us.

[MrXxxx]

1 hour ago, Onsamui said:

Jim Cramer was pushing this days' ago a as a 'buy'.  He does it every time.

 

We have our own 'Jim Cramer' on here, but he/she will remain nameless! :-)

[F150]

I used to love a good old THIS IS IT!! collapse, but now I’ve got 50k in my pension and maxing contributions each month it’s not quite so exciting

This is going to cause quite some trauma

Edited March 10, 2023 by F150

[RupertT]

35 minutes ago, Loki said:

I'm not worried, I'm poised

I read that as I'm not worried, I'm pissed. 

But then I have just got back from the pub so that's probably just me. 

[Stuey]

37 minutes ago, Loki said:

I'm not worried, I'm poised

Poised for what's happening in two weeks bruv 

[Errol]

 

[M S E Refugee]

THE AGE OF THE BANK IS OVER!

[Underwhelmed]

 

[Phil]

Just now, M S E Refugee said:

THE AGE OF THE BANK IS OVER!

Cars are so last covid

[MrXxxx]

1 hour ago, DurhamBorn said:

The message this tells for those who want to listen is there is no money to be made in future growth right now.

Agree, and if they were watching the charts over the last year they have had [from what I can see], four warnings since Jan 2022 that the 'game is up'!

[MrXxxx]

50 minutes ago, Loki said:

I'm not worried, I'm poised

Me too:

[A tremendous # on the lung]

3 hours ago, Majorpain said:

if the Fed prints Trillions of $ treasuries who is going to buy them?

The Fed? 

[HousePriceMania]

25 minutes ago, M S E Refugee said:

THE AGE OF THE BANK IS OVER!

Are you talking about Linker or did you spell Bank correctly ?

15 minutes ago, MrXxxx said:

Me too:

Which one are you ?

[Ash4781b]

Uk gdp reading was strong. I’m thinking 5.5% we are headed to base rate minimum now. Will be a Dreadful time for leveraged io BTL 

[HousePriceMania]

[Loki]

[Errol]

55 minutes ago, Loki said:

 

Racist.

[sancho panza]

Gold got the bid today because thats what it's there for....days when banks go down

https://www.kitco.com/news/2023-03-10/Gold-price-rallies-on-financial-stability-risks-as-investors-rush-to-safety-analysts.html

 

Edited March 10, 2023 by sancho panza

[WICAO]

I'm not sure if many of the readers of this thread are pursuing FIRE but some of you may remember my musings from TOS about my journey to FIRE.  I've had a few people ask me for a general update as it's been a while so I've jotted (into the interwebs rather than a physical jotter ) down some thoughts covering location, work, relationships, housing and finances.  This is the link and @spunko if inappropriate please feel free to delete.

[desertorchid]

28 minutes ago, WICAO said:

I'm not sure if many of the readers of this thread are pursuing FIRE but some of you may remember my musings from TOS about my journey to FIRE.  I've had a few people ask me for a general update as it's been a while so I've jotted (into the interwebs rather than a physical jotter ) down some thoughts covering location, work, relationships, housing and finances.  This is the link and @spunko if inappropriate please feel free to delete.

Nice post. Congratulations.

[WICAO]

10 minutes ago, desertorchid said:

Nice post. Congratulations.

Cheers.  It reminds me of the saying you have to break a few eggs if you want to make an omelette.  People talk about decompression post FIRE and I have heard durations like 6 to 12 months mentioned a few times.  It really has taken me nearly 4 or so years to figure things out so I'm maybe an outlier.  Maybe it's linked to how tight we are linked to our Career/Job/Work...

I'm still 100% convinced FIRE was the right path for me but I won't lie - it's been a tough road.  Of course others mileage may vary.

[desertorchid]

42 minutes ago, WICAO said:

Cheers.  It reminds me of the saying you have to break a few eggs if you want to make an omelette.  People talk about decompression post FIRE and I have heard durations like 6 to 12 months mentioned a few times.  It really has taken me nearly 4 or so years to figure things out so I'm maybe an outlier.  Maybe it's linked to how tight we are linked to our Career/Job/Work...

I'm still 100% convinced FIRE was the right path for me but I won't lie - it's been a tough road.  Of course others mileage may vary.

Could you expand a little on the decompression . I will FIRE in next 18 months but know my job (teaching) defines me and is very intense in term time. On the flip side having long holidays means i understand what its like to be free from the daily grind for a bit, i am interested in your comments on the relationship. Was it just spending more time together that changed mostly or did you become different people? Well done for stumbling through it

[WICAO]

26 minutes ago, desertorchid said:

Could you expand a little on the decompression . I will FIRE in next 18 months but know my job (teaching) defines me and is very intense in term time. On the flip side having long holidays means i understand what its like to be free from the daily grind for a bit, i am interested in your comments on the relationship. Was it just spending more time together that changed mostly or did you become different people? Well done for stumbling through it

It's a big change and for me it was a huge change.  Within 2 weeks I left something that I spent 60 hours + commute a week at, something that I had been doing my whole life, something I was good at, something that I was paid well to do and to add to it moved countries.  It might work for some but in hindsight it was just too fast a change for me partly because of the void it created.  In hindsight I should have worked up to it but that's just me and hindsight is of course a wonderful thing.

Regarding the relationship I think a few things were at play.  We met when we were both career drones which meant limited time together as well as very different day-to-day conversations.  All of a sudden we had heaps of time together and couldn't talk shop meaning we couldn't hide from who we were, how we were changing and how we were feeling.  Moving to the other side of the world plus all the Covid nonsense at the time didn't help when thrown into the mix on top of what was already happening.  Through the FIRE process we also changed hugely as individuals.  In 2007 I was just one of the masses with a career, spending everything I had and trying to buy a house.  FIRE was actually my plan B - the polos really did f*ck up (no Jeremy I won't be going back to becoming a wage slave)  I've changed a lot and am nothing like that person today.  Importantly I much prefer who I am today.

Good luck with your FIRE.  It's a wonderful freeing thing.

Edited March 11, 2023 by WICAO
Correct year

[Lightscribe]

9 hours ago, Loki said:

 

Is this the melt up?