Thread 28694203

This does not bode well...

>this does not bode well
>the economy can't take much more of this
>before the collapse

If you ain't Luigimaxxing and mass Minecrafting then you ain't a real "man" (female)

>>28694203 (OP)
Auction about to be lit for the next few years

>>28694203 (OP)
Bodes poorly for brown people financing luxury SUVs
Bodes great for cash-in-hand used car buyers

>>28694238
t. fednigger that's not doing shit either

>>28694253
Now that every normie has an iphone and airtags I expect every sportscar financed by a beaner that gets repo'd will be airtagged and jose is gonna come get his car back from you at 3am.

>>28694261
>calls cops
oops
o
p
s

oh wait im in australia they are useless and insurance just writes everything off lol

>>28694232
This, were like 5 years over due for this fucking economic collapse.

>>28694268
Well the government decided to pump up the economy with stimmybux and endless money printing.

>>28694261
Good thing I have a garage and I live in a RED state.

I could see wanting to abuse darkies, but
>working for jew banks
>working for the police
Cringe

>>28694264
just say the suspect is speeding. highway patrol will be on them in no time because SPEEDING KILLS

>>28694203 (OP)
Higher repossession rates are not a bad economic indicator. It's just an indicator of more people per capita that don't have an IQ high enough to manage a budget. If they boughts cars they could afford and didn't blow all of their discretionary income on black and milds and hookers them they wouldn't have their cars repossessed.

I was a repo man for a while, definitely the most interesting job ive ever had.

>>28694362
Right so what happened around 2008? People were low IQ but then when the economy recovered they became high IQ and then low IQ again conveniently just when there's massive red flags signalling an impending recession again?

>>28694329
>heh, I'm not your average racist... I'm racist AND hate the law...
you have to be 18 to post here

>>28694358
i would never!

>>28694203 (OP)
Gen Z and A are tryhards that need to be flashy but their jobs barely pay $20/hr, they can't afford new cars but refuse to drive a 100k+ mile Corolla.

>>28694203 (OP)
GFC coming again in 2028?

>>28694428
The oldest Gen A are like 15 dude

>>28694268
>>28694273
we never actually recovered from 2008. Obama just started printing infinite bailout money to hand out to every company that failed to try and prop up the economy, and then Trump and Biden continued the scheme because the way government works is once a program is in place it becomes entrenched in the bureaucracy and thus becomes untouchable.

>economic collapse
kek

>>28694597
>increase money supply
>paper values go up
Aside from dividend bearing stock and a few oddball classes, most stocks values are entirely speculative in nature and completely divorced from the performance of their namesake companies except by people paying more or less based on perceived performance. They're like baseball cards in that way; they only have more value when a player does well because someone thinks they should. They should not be taken as an indicator of economic health before a bubble bursts.

>>28694248
>MIGHT makes RIGHT.... unless it's an act of violence against a jewish banker/billionaire or really any MAN who has more money than you and to whom you MUST universally and unequivocally SUBMIT.

>>28694607
>MIGHT makes RIGHT
only larping teenagers and the absolute most schizo of schizos actually think this to any real degree

>>28694253
Lit? Full of garbage normal boring cars with stinky interiors from being owned by the type of cattle who finances a used mobility blob?

>>28694460

>this post

>>28694614
literally every government on planet earth enforces its claim to power with violence or the threat of violence. are you retarded?

>>28694604
two more weeks, this time for real!!!

>>28694622
And famously everyone believes every single use of violence by any government is entirely justified and ethical

>>28694410
Lmao this, can't fathom how fucking smug yet brainless that faggot is with his stupid "muh IQ" babble.

>>28694597
How very Weimar.

>>28694418
>I'm racist AND hate the law...
Literallyly me

>>28694268
It'll be late '27 or early '28.

>>28695074
people have said the market is in a bubble every year for the past 100 years. they're right maybe 3% of the time, but after a quick pullback it just goes even higher. if it ever does completely burst like you seem to be hoping, all money will be meaningless anyway and you and retards like you will be raped, shot, and eaten alive in that order within a week.

>>28694363
Any fun greentexts you can regale us with?

>>28694428
People have always been that way, where the fuck have you been for the past 30 years?

>>28694418
>He's never heard of skinheads
Everyone point and laugh at this thirdworlder

>>28694604
Anyone posting about dividend stocks is a midwit.

>>28695129
Au contaire
Non dividend paying stock has no intrinsic value. Dividend stocks can be priced relative to bonds.

>>28694620
That anon is correct.
Anyways,

>>28694363
We demand stories.

>>28695196
Market risk premium, you can’t price them to bonds because you are exposed to market risk premium. Bonds don’t have that type of risks. Especially if they are govt issued.

>>28694622
The entire point is to counterbalance the Might with public say to ensure that it isn't misused. No person of at least average IQ looks at militaries killing children or cops suplexing elderly people into the pavement and goes "well they were stronger, so it's fine."

>>28695216
Yes stocks carry more risk than bonds, that’s priced in and hence why they usually pay more than bonds, especially every where else in the world where they often pay 5-7% even in the zero interest rate days.
Non dividend stocks are a joke. You literally get none of the profits of the company you partially own, just the expectation of being to sell it to someone else for more. No different than a baseball card.

>>28695393
Yea i'm saying dividends stock aren't compensating you for the risk of being exposed in the equity markets. don't tell me you're one of those retards who hype up yields but ignore total returns lmao.

>>28695412
A stock market that’s mostly dividend stocks wouldn’t be nearly as volatile because they’re based on actual earnings and real payouts. Look at Europe and Japan. They’re much more stable because if a company is paying out 5% at the current price, there’s no reason for the price to drop. Whereas in America it’s all based on hype and anti-hype. Tesla can be worth more than Toyota because they might print money with robotaxis one day, whereas Toyota has been paying out cold hard cash for decades.

>>28694362
>t. brainlet

>>28694428
oh noh, it's the Zyklon strike again!

>>28695216
Why would anyone even want to own bonds?

>>28694607
>hello fellow auto enthusiast, want to go commit a terror act today?

>>28695667
Nope, absolutely retarded take. Look at april dividends stocks and etfs did the same type of drawdown as any other stock. Look at Toyota.

Let me guess you think ford is a good investment LMFAO. So my point still stands you’re not getting compensated for your risk and you get taxed by the govt for distributions.

>>28695912
They generally don’t draw down as much as none dividend stocks, but yes any stock can draw down. The difference is you still get dividends even when the price is down.

Ever wonder why Warren Buffet holds on to stocks like Coca-Cola long after they stop growing? It’s the dividends. I did the math once and he was getting nearly his original investment back every year in dividends.
>taxes
it literally makes no difference, you still pay capital gains when you sell.

>>28696041
You pay a tax drag on distribution, you pay for that shit every 3 months. I pay it when I sell. I am in market indexes and don’t plan to sell until i’m in retirement.

When you add that all in together your total returns are less than the S&P 500. If you really wanted a more stable portfolio you would be in bonds, specifically any municipal type bond fund. Shit tax fre and distributions are monthly. Principal stays flat.

I’m sorry you can’t understand market risk, but you’re getting played. Also buffett gets to trade in insurance pools, you do not.

Also buffet never invested in tech but jumped in to Apple once everyone else jumped in so he laggard on that and he warned young people multiple times what he invested in may not be the best thing for you to invest in. 401(k), roths and hsa did not exist for a good portion of time he was trading.

>>28694268
>>28694232
The American economy has been systematically dismantled by an international cabal of financiers in collaboration with American moneyed interests who care only about making their stack as big as possible before they die, even if it absolutely guts the US in the process.

The gift will continue, and we're not coming back until we remove them from power completely.

>>28696051
The tax drag is non existent because even if hypothetically dividends not paid increases the value of the stock you’re paying the same taxes when you sell. It’s all the same in the end.

I never argued dividend stocks perform better than non-dividend stocks. Just that they have actual intrinsic value and can be more accurately priced than non-dividend stocks. Although I do think that people often underestimate the performance of dividend paying stocks. Which is why I brought up the coke example. Since the dividend can change unlike a bond’s coupon, you can wind up being rewarded for the additional market risk that you can’t be with bonds.

>tax advantage accounts
Kind of makes moot your whole point about taxes.

yawn
https://fred.stlouisfed.org/series/DRALACBN
https://fred.stlouisfed.org/series/DRCLACBS
delinquency rates are rising because banks/rates tightened so much '19/20/21 and reduced risk by a large margin
as things have returned to normal, so have loans and the delinquency rate is rising back to normal

>>28696357
>you’re paying the same taxes when you sell
not necessarily, short term vs long term

>>28696376
Dividends are pretty much always long term. Dividends you only need to own the stock for like 60 consecutive days from the ex date for it to be taxed as long term.

>>28696357
Also
>municiple bonds
they’re priced accordingly. I did the numbers once and the difference was insignificant. Unless you’re in a vary high income tax bracket it makes no difference.
Also interest and bond coupons are always taxed as income. Never capital gains.

>>28694597
>Line go up
>Economy good!

>>28695117
>>28695202
>be me
>have used cop car
>still a model in use, and its all white and clean
>apply for repo man job, get hired on the spot because "you have the perfect car for this"
>basically become a spotter, I am supposed to go out and find these cars and either get the keys and take the car or call the guy with the truck
>since I will need a second person with me, they pair me with a black ex-con
>so we figure the best thing to do is to look the part, a clean cut white guy and a clean cut black guy in black leather jackets
>everybody, and I mean EV-ERY-BOD-Y who sees us rolling around Chicago thinks we're cops, like plainclothes investigators or something, I guess
>ex-con partner finds this endlessly hilarious
>stop lights and speed limits become optional, we just wave at the cops and they wave back, convenience stores and drive-throughs either give us half off or just straight up free shit
>as a rule, we never tell anyone we're cops because that's impersonating, but we can't be held accountable for what people assume

So that sets the stage. A black and a white guy rolling around the south side of Chicago from 10 PM to 6AM in a plain white CVPI with antennas and a spotlight.

>>28696475
Now, mind you, this is all pre-obama times. So we didn't get shot at or anything, but still. Kind of sketchy doing this but we were young and dumb. 100% chance I would not own an ex cop car these days.

>>28696479
>so we're handed a list of all the information that was provided on the credit app of the car buyer, the car information, and given the directive to go find these cars
>co-signers, unemployed, even one guy had filled out his profession as drug dealer on the application
>he got a loan, natch.
>the people I felt worst for were the co-signers
>they would get the 3 am knock on the door asking where Pookie or Shay-Shay was and where's his/her shitbox
>of course they never knew
>and we would be like the 10th repo company to come knocking because the banks gave this info out to everyone
Moral of the story: never ever EVER cosign a loan
>anyway, these poor old grandfolk would lose their shit
>meh, its a job

>>28696498
>spend the first week getting absolutely skunked.
>can't find a single car
>of course, these people were giving out fake addresses or hiding their car, they knew the game
>also, its Chicago so you would have to circle every address looking for the car because it could be parked blocks away from the address because that's how the city is
>I'm burning through tanks of gas and not getting paid shit
>starting to get desperate

>>28696501
>resort to some minor B&E, trying to peek into garages any way we could. Sneaking over fences, even using a pry bar to pry open garage doors enough to see inside
>this results in enough success to keep us going
>still, majorly sketchy shit, sneaking atound people's houses, trying open their doors and peek in their garage windows
>like, fuck, this is dangerous
>but if we spotted the car, it was knock knock, give us the keys, don't wanna hear your bullshit
>this is where the whole look like cops thing helped, everyone we found didn't give us shit

>>28696505
I mean, they didn't give us any trouble. Just maybe some whining while they worked over the keys and opened their garage door

The most interesting stuff was just the sort of things you would see in the middle of the night in the ghetto. Cracked out whores, people robbing shit, people getting their ass beat, shit like that.

Since I grew up in an upper class white suburb, it was like visiting another planet

>>28696512
*forked over

>about a month on the job
>getting better at it, but at the end of the day once you figure in expenses it's like a minimum wage job
>one where you're risking your life and working the graveyard shift too
>decide although the "everyone treats me like a cop" thing is mildly entertaining and the free shit is nice, ultimately it's not a job with a future and I should move on

In the process I learned I didn't want to be a cop, though. You couldn't pay me enough to deal with the dregs of society. Fuck that.

>stopped fucking around, went back to school, got my degree, got a career

>>28696519
I guess that at the end of the day I don't really have any stories that are that interesting to anyone but me. At least, the repo angle of things was pretty mundane outside of the B&E and getting yelled at by sleepy old people.

But a QRD of the interesting stuff I did see:
>a tire shop getting cleaned out by a row of thieves that were rolling the tires to each other from inside the shop to a truck in the street
>multiple instances of drug addicts stumbling around in the middle of the street, dancing, acting like they were in a downpour of stones, waving their arms around, general crazy-ass behavior
>that time I almost wrecked because some asshole stole a manhole cover
>a hobo getting a blow job from another hobo just out there on the sidewalk like it was just what people do
>a crowd of teenage girls having a random street party at 2 am
>drug dealers doing the oop and getting lost asap when they noticed us, reminiscent of Grandpa Simpson visiting the vaudeville show
>successfully having a conversation with a retired cop convenience store owner without telling him we were cops but not having to correct his assumptions and tell him we *weren't* cops as he gave us about 40 bucks of free shit
>watching what looked like a closing time bar argument over a woman turn into a street brawl, just dudes swinging and women shrieking and demanding we do something

Shit like that. Things you normally don't see in tony old Barrington.

Oh, and one last thing. Growing up i thought I wanted to be a cop. So I had a ham radio, listened to a police scanner a lot, collected cop trinkets, did ride-alongs and even did a stint in the police explorers, which is like police preschool for teens. So I kind of knew what to do to appear and sound very cop-like.

It was a phase. I'm over it now.

>>28696041
I think the same.
>>28696051
>don’t plan to sell until i’m in retirement
But what if there's a downturn right when you reach 60? I think the other anon is arguing that when stock prices depend entirely on hype they can move in whatever direction.

>>28696475
>>since I will need a second person with me, they pair me with a black ex-con
>>so we figure the best thing to do is to look the part, a clean cut white guy and a clean cut black guy in black leather jackets

>>28694448
>GFC coming again in 2028?
We don't have the valuations of the GFC yet.

>>28694203 (OP)
>financing
stinky poor person hobby


also 2 million aliens have been deported thus far, many by force.

>>28696591
>also 2 million aliens have been deported thus far, many by force.
Just 38 million more to go.