US and Iran conflict thread. ( merged threads)

Steal2B

Steal2B

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Defilade said:
Lol..Wall Street is not Main street.
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Bullshit
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The United States of America is the intersection of Wall Street and Main Street. They are deeply linked and inter-dependent. Main Street needs Wall Street for investment returns, while Wall Street requires capital and transactions from individual investors.
 
spat

spat

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Saltwater60 said:
For anyone in the market it is. My son bought in on the dip and I’ll bet his market backed CD is doing well. He just bought his first new car as well. It all translates into jobs or money in someone’s pocket some way.
The economic signs are bad because people are stupid. They over bought and over spent. My 22 year old done just bought a $41,000 car and his payments are $350/month for 5 years. $1,500 in interest is all he will pay. I’ll bet it’s paid in 30 months or less. He got a great deal and a great trade in. The kid had over $20,000 saved and hasn’t worked consistently ever except this last year but only 10-12 hours a week. His last internship was unpaid or he’d have about $30,000. That’s more than most I know my age. People are stupid and can’t budget or plan.

I make more than most I know but I spend less than most that make less than me. Instead of buying boats, vacations, extra cars, fancy clothes, drinks, weed, and I could go on, I invested in my kids education for the last few years. My son has about $20,000 in loans and he will be debt free in under 5 years that includes the time getting his masters degree.
After he graduates he will lay me rent. I will keep half and return half when he buys a house but he will not know this.
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About 60% of the US has stock in a retirement account (401k or similar).

For the majority of people the stock market *is* main street. It's not just "the rich".
 
Defilade

Defilade

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spat said:
About 60% of the US has stock in a retirement account (401k or similar).

For the majority of people the stock market *is* main street. It's not just "the rich".
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Yes you are talking retirement. Unfortunately More than 70% of the Country lives paycheck to paycheck. Heating/Cooling, Rent, Gas, Groceries... Thru the roof! That is Mainstreet!
 
Defilade

Defilade

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spat said:
The ones with their retirement tied up in the stock market ?
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What about their retirement? That hinges on how well one invested. Gas, Groceries, heating not so much. BTW, 401k's are a shame as they hold your own money hostage. Same hold true for S.S.
 
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