Like the McRib sandwich ....The trillion dollar coin is back!

Somebody FOIAed documents related to the trillion dollar coin and got a legal memo from the DOJ exploring the idea of whether Treasury had the authority to mint a trillion dollar platinum coin to skirt the debt ceiling.

Of course the entire memo is redacted but hilarious read nonetheless.

fightingfarmer09 said:

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EnronAg said:

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agree, dude...I would say the floor to even begin discussions of grocery inflation for a total bill would be 50%...so the 25% number is just laughable...but I bet the arguments could be made for close to 75% total difference on an entire grocery bill...

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I use to buy steaks, frozen foods, and extra stuff that would be fun to try and cook. On a big weekend trip we might spend $170-200.

Now I buy only what I know we will eat without any extras. We rarely get anything that isn't raw ingredients to make a meal. Lots of deli meat and bread. I'm luck to get out of there $240. $300 on trips where we need to stock up on medicine or tooth paste.

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one benefit of having zero dependents

just spent $170 at Harris Teeter for about a month of food.

all dinners and the office provides protein bars for breakfast. add in slimfast shakes for $24 every two weeks.

You'll appreciate it even more when the dependents become independents.

TTUArmy said:

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When you're worried about making mistakes keep this deal in mind...

135 West 50th Street in Manhattan, NY

Bought for $332 million in 2006

Sold for $8.5 million yesterday

Even when you make great decisions, a deal like this can blow up.

As an investor, you must constantly… pic.twitter.com/j3Fy6hHWL7

— Sieva Kozinsky (@SievaKozinsky) August 1, 2024

ouch...CRE is in bad shape.

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CRE in NY has been a bloodbath since covid. My company had 9 floors in soho and now down to 3 or 4. Everyone wants to keep working from home plus slow growth and layoffs.

beerad12man said:

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Slim fast may be a bit much, but in fairness, that's how many build wealth.

They do the things others aren't willing. The habits that save a few dollars a day, a few hundred a month, over the course of two decades and invest it turning it into that 7 figures

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If I have to drink slimfasts and eat protein bars everyday for two decades to build a net worth into 7 figures, I'd rather eat normally and have a net worth in six figures. Not to mention all the chemicals and **** in those things one will be abusing their gastric system with.

6 figures at a minimum is above average for American retirees but I'd say your'e likely to have a drop off in lifestyle if you're not at 7 even if retiring now. If you're class of '14 as your handle suggests you might be looking at needing 8 figures to maintain lifestyle

He's Barnes. He all ways has an opinion, tons of time to post constantly, and has connections into all sorts of industries and countries. It's way too much for the average poster.

I think the Fed decided a long time ago that a hard landing would be preferable to cutting rates too early and letting inflation take off again.

I also wonder how much ability the Fed actually has to prevent a recession after the govt printed so much money during Covid. At this point the American (and global) economy probably just needs to take its medicine. Hopefully it's a recession and not a depression.

MRB10 said:

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I thought you were an accredited investor? This sounds disgusting, unhealthy, and unnecessary for the amount of wealth you suggest you have.

No kids expenses? Seven figure net worth? Slim fast?!

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I remember a while back he boasted about having something like 300k in retirement. Hell if I didn't have kids I can't imagine how much I could put away by my 50s. Beaucoup billfolds.

ChemAg15 said:

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I think the Fed decided a long time ago that a hard landing would be preferable to cutting rates too early and letting inflation take off again.

I also wonder how much ability the Fed actually has to prevent a recession after the govt printed so much money during Covid. At this point the American (and global) economy probably just needs to take its medicine. Hopefully it's a recession and not a depression.

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Source: history

If you don't enjoy them, no big deal. But I think you may be overstating eating those things. I'd argue the average American's diet (not that this is saying much) is probably worse than those things.

I don't personally drink slim fasts, but have no issues with protein bars. And I didn't mean there's a slim fast/protein bar wealth building plan. It was just a general comment that some of the wealthiest people may not look that way for multiple reasons. You can't equate drinking slim fast with one's wealth is all I meant.

FancyKetchup14 said:

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beerad12man said:

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Slim fast may be a bit much, but in fairness, that's how many build wealth.

They do the things others aren't willing. The habits that save a few dollars a day, a few hundred a month, over the course of two decades and invest it turning it into that 7 figures

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If I have to drink slimfasts and eat protein bars everyday for two decades to build a net worth into 7 figures, I'd rather eat normally and have a net worth in six figures. Not to mention all the chemicals and **** in those things one will be abusing their gastric system with.

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OMFG protein shakes for lunch are to keep a trim waistline at age 53 not to become a millionaire

Stat Monitor Repairman said:

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Quote:

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A handful of economists said Friday that the Fed will need to move faster to improve its odds of short-circuiting a downturn.

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4-years of 'soft landing talk,' now you seeing reality set in. They white knuckling it. Nobody knows what to do.

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Economic central palnning

Slim fast is almost pure sugar. Good luck with that plan.