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torqued last won the day on December 21 2019

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About torqued

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  1. The youtube comments are pretty f'd up
  2. Kinda makes you long for the day when a good old-fashioned ass-kicking immediately resolved these types of situations.
  3. I'd recommend putting the earliest date you can be reasonably assured you can be standing in the training center ready to start ground school. You want the earliest seniority number you can possibly get. It's highly unlikely that you'll be in a situation where both your gaining unit and your airline will all refuse to work with you on dates if a conflict arises after you're hired.
  4. torqued

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    Just walked out of it out here in LA. Best war movie since Saving Private Ryan. I shit you not.
  5. Looks like the ugly little fat girl is desperate for attention at the club.
  6. I was texting with some friends who were happy that our TSP was doing well this past year. Here's a few articles I've found the past few days: Over 1700 announced of possible 12,000 expected major retail stores closing in 2020 https://www.businessinsider.com/stores-closing-in-2020-list-2020-1 2019 Auto Sales lowest in 5 years https://www.pymnts.com/news/retail/2020/us-2019-auto-sales-were-lowest-in-five-years/ Auto Sales supported by sub-prime lending while delinquencies rise https://seekingalpha.com/article/4315102-auto-sector-will-continue-to-decline-2020s Auto Dealers falsifying buyer’s income on car-loan applications https://www.wsj.com/articles/an-809-car-payment-a-660-income-how-dealers-make-the-math-work-11576924201?mod=searchresults&page=1&pos=3 Baltic Dry Index largest drop since 2008 https://capital.com/baltic-dry-suffers-largest-drop-since-2008 ISM Manufacturing Index 10 year low https://finance.yahoo.com/news/etfs-suffer-ism-index-drops-210709628.html US Rail Traffic down %5.1% since last year https://www.freightwaves.com/news/us-rail-traffic-starts-off-new-year-in-a-slump Nine States are experiencing a contracting economy https://www.philadelphiafed.org/research-and-data/regional-economy/indexes/leading So why is the Market going up? Lots of reasons, but here is one biggie: The Federal Reserve bank has been pumping (printing) hundreds of billions into the repo market since September as posted about earlier. More announced just a few days ago. The four biggest primary lenders (JP Morgan, Citi, B of A, and Wells Fargo) need that cash to keep hedge funds afloat. These massive hedge funds are borrowing money to buy equities, which drives the market up. Hedge fund purchases and corporate buybacks are masking the real business values. If hedge funds have trouble making these loan payments, they stop buying. If they don’t keep buying, stock prices stagnate. If they liquidate to make payments, prices decline. In short, the US government is printing money for the purpose of allowing banks and hedge funds to gamble borrowed money in a rigged game, and you are assuming the risk. The Market is following the increasing Fed Balance Sheet and little else. We can’t print money indefinitely while the government runs a $1 Trillion dollar per year deficit. So, when we stop printing, no repo market funds, hedge funds liquidate to pay bills, stocks decline, a panic and rush for the exit ensues. Wall street will be the first to the exit and they’ll be taking the bulk of the cash with them. Passive investors like you and I will be at the back of the line. Don’t fall in love with your TSP gains and I feel bad for anyone signed up with BRS. Keep an eye on this link: https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details#monthly-summary
  7. You’re denial email should be waiting in your inbox in the AM. JK. Congrats! I punched in Oct and it’s awesome.
  8. Do you think this guy would have been crucified if aircraft were damaged by failing to evacuate?
  9. This is what I believe is happening. Our adversaries know a full-scale conventional war against the US cannot be won without first weakening our economic foundation and national will. They are risking actions that they believe will keep us engaged in the ME at a tremendous cost to the US but without crossing the line into open unlimited conflict. Iran is already suffering under economic sanctions, so they're accepting higher levels of risk while being quietly supported by China and Russia. They are simply trying to bleed us out.
  10. Very sorry to hear this. My condolences to all who knew him. I only knew him here, but he contributed a lot over the years. Rest in Peace, Pyro. 🍺
  11. Damn. I don't want to misinterpret this. Can you give some more details?
  12. Last I heard, there were somewhere around 8-12 J models slated for production in the last budget. They had narrowed the list of potential units that were being considered to receive them in a conversion from Hs to Js. As far as I know, the unit/units have not been selected yet. For details, I recommend calling the NGB and ask for Chief Lengyel.
  13. I'm gonna go ahead and say lunar deployments suck and the astronaut bonus is an insult.
  14. I wish I knew the answer. I have a conservative amount of physical precious metals (about 5-10%). If nothing else, it feels good to have some physical assets that will always retain value under your own roof. Gold backed crypto-currency sounds promising, but I haven't done the homework on that yet. I've always been a passive investor and shorting seems like a lot of work, so I haven't gone that route. 30 year mortgages on investment rental properties is another idea. You can raise the rent to keep pace with inflation, but your locked in principle and low interest rate may hold value better than market investments. I've pulled the majority of my non-401K market investments out to go with this strategy. Only time will tell if that's the right move.
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