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Post by porkini on Jun 13, 2022 21:52:00 GMT -5
Americans are in denial. Consumer debt is at 15 Trillion and increased 5% in the past year, more than double the rate of the previous year. Mortgages and auto loans experienced the greatest increases. The average mortgage balance is $190K, and the average consumer debt excluding mortgages is $38K. Might be time to rerun the "The Big Short." Inflation will not abate until the foreclosures begin or a few more adults start showing up to exhibit spending discipline. JMHO. Reporting for duty, sir! |
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Post by sportsrancho on Jun 14, 2022 14:53:54 GMT -5
I need Joey to tell me what the plan is:-) I’ll short anything except Mannkind:-) I know several people own funds with two or three times the leverage.
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Post by cjm18 on Jun 14, 2022 19:59:33 GMT -5
www.nytimes.com/2022/06/14/opinion/inflation-stagflation-economy.htmlMy plan is 100% cash since may 1 until we hit bottom. Except Mnkd of course Inflation will be solved before foreclosures. Before massive layoffs. Yes there wil be some pain. No one wants to put their home up for sale if their mortgage is 3% and their new home is 6%. Supply stays low. Adjustable rate mortgages are not an issue this time around.
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Post by prcgorman2 on Jun 14, 2022 20:18:15 GMT -5
www.nytimes.com/2022/06/14/opinion/inflation-stagflation-economy.htmlMy plan is 100% cash since may 1 until we hit bottom. Except Mnkd of course Inflation will be solved before foreclosures. Before massive layoffs. Yes there wil be some pain. No one wants to put their home up for sale if their mortgage is 3% and their new home is 6%. Supply stays low. Adjustable rate mortgages are not an issue this time around. I hope you’re right. This feels like 1980 to me. Four years of gross mismanagement under Jimmy Carter when the price of gas more than doubled and inflation and interest rates went into double digits. |
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Post by peppy on Jun 14, 2022 20:41:18 GMT -5
I need Joey to tell me what the plan is:-) I’ll short anything except Mannkind:-) I know several people own funds with two or three times the leverage. The leveraged fund are too out of wack for these reasons, They were around in the 2007-2009 housing debacle and used well. However how those funds get leverage through futures contracts. As near as I can figure out 17 years of rolling the futures contracts for leverage, they barely work anymore. Case in point USO, I remember distinctly the high showing 953 was $150 in 2009, the low showing $141 was 33. The same with the short funds, and it is too late in this moment to jump on. P.S. way to soon to go long as well. The fed rate decision tomorrow.  |
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Post by Thundersnow on Jun 16, 2022 11:19:20 GMT -5
“IF” MNKD tapped the ATM last month it would be another BRILLIANT move by Steve Binder!!
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Post by cjm18 on Jun 16, 2022 14:37:30 GMT -5
The only dilution (unless to buy assets) that should happen is the convertibles at $5.25 to pay off the 2026 $200m debt.
Good news is Even paying it all off with shares is only around 15% dilution.
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Post by hellodolly on Jun 16, 2022 14:42:05 GMT -5
www.nytimes.com/2022/06/14/opinion/inflation-stagflation-economy.htmlMy plan is 100% cash since may 1 until we hit bottom. Except Mnkd of course Inflation will be solved before foreclosures. Before massive layoffs. Yes there wil be some pain. No one wants to put their home up for sale if their mortgage is 3% and their new home is 6%. Supply stays low. Adjustable rate mortgages are not an issue this time around. I hope you’re right. This feels like 1980 to me. Four years of gross mismanagement under Jimmy Carter when the price of gas more than doubled and inflation and interest rates went into double digits. Hope we see CD's at 17% again. I'm old enough to grab those and ladder a few jumbos. |
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Post by sportsrancho on Jun 16, 2022 14:46:23 GMT -5
www.nytimes.com/2022/06/14/opinion/inflation-stagflation-economy.htmlMy plan is 100% cash since may 1 until we hit bottom. Except Mnkd of course Inflation will be solved before foreclosures. Before massive layoffs. Yes there wil be some pain. No one wants to put their home up for sale if their mortgage is 3% and their new home is 6%. Supply stays low. Adjustable rate mortgages are not an issue this time around. I hope you’re right. This feels like 1980 to me. Four years of gross mismanagement under Jimmy Carter when the price of gas more than doubled and inflation and interest rates went into double digits. A little more pain for a couple more years and then eight years of prosperity:-)🙏🏻 |
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