I didnt realize the $1200 one time "stimulus" was basically an advance on future tax returns... I dont need it and dont want it. They wont automatically deposit it into my acct right?
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Originally posted by 2mAn View PostI didnt realize the $1200 one time "stimulus" was basically an advance on future tax returns... I dont need it and dont want it. They wont automatically deposit it into my acct right?
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Originally posted by phillipj View PostHm. On the positive, with the way gas prices may get, we could very well see a $20 fill-up in some parts of the country.
I just find it sad that so many in this country don't seem to have at least a couple months living expenses to fall back on. It's like everybody maximizes their spending amount and not the amount they can save. I'm freaking out if I don't feel like I have at least six months saved up, though my monthly mortgage, including taxes and insurance, is probably half a typical apartment rent (or less than a 1/4 if you're in somewhere like LA or NY). And I don't have any kids...
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Originally posted by E30 Wagen View PostGas is $1.34 near me, it's pretty wild.
I just find it sad that so many in this country don't seem to have at least a couple months living expenses to fall back on. It's like everybody maximizes their spending amount and not the amount they can save. I'm freaking out if I don't feel like I have at least six months saved up, though my monthly mortgage, including taxes and insurance, is probably half a typical apartment rent (or less than a 1/4 if you're in somewhere like LA or NY). And I don't have any kids...
$1.34? Damn. About 1/2 the price of here. Gas is still $2.70-ish at the lowest spots in Los Angeles proper. Parts of LA still blow my mind where you'll see one station at $5.50/gallon and then you drive 2 blocks down the street and it's like $2.89.
I will say a weird plus to this pandemic/shutdown is experiencing LA with no traffic, it's like a bizarro world. NPR this morning also was saying they've been measuring some of the highest air quality in the entire US lately, too.Last edited by phillipj; 04-08-2020, 10:40 AM.1990 BMW 325iC Triple Black Hard Top, Self-Wrenched, Original Owner Family
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Originally posted by 2mAn View PostI didnt realize the $1200 one time "stimulus" was basically an advance on future tax returns... I dont need it and dont want it. They wont automatically deposit it into my acct right?
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The oil situation ios about to get worse, too. 14 billion more barrels of crude oil was shipped from Saudi...
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Originally posted by R3Z3N View PostI'm torn,don't need it either. But....invest it now? I think its worth the risk rather than sitting on it for a year.Simon
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Originally posted by 2mAn View PostYea, thats likely what I will do too. Just invest it and hope that its worth more than $1200 next year or whenever they try to take it out of our tax return.
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Originally posted by ForcedFirebird View PostThe oil situation ios about to get worse, too. 14 billion more barrels of crude oil was shipped from Saudi...
https://oilprice.com/Energy/Crude-Oi...l-Meeting.html
^ This really peeved me last week. Aside from "his friend" being a despot Murderer, it manipulated the market in a careless way. Trump's subsequent tweets and tv soundbites talked up a 15M barrel cut, analysts then took it to new levels speculating 30M. The Oil market spiked on the rumor, even though it came out only hours later that it was a myth - the Russians and the Saudis hadn't spoke.
The real stupid thing here is that the original deal they couldn't come to an agreement on was a cut of 1.5M. There's a 10x difference between that and the rumor. So, this morning, when they did reach a deal, it of course underwhelmed expectations and oil tanked. Beyond that, there's other significant countries that affect the global oil trade, including the US, and they are not on board with cutting production. Oil will continue to sink and that'll be good for us at the pump, but it's definitely going to have a big impact on jobs in the US as we've become the top producer in the world over the last decade. 40% of US Producers will become insolvent if Oil stays below $30/barrel. We are at $23 and there is room to slide as the global economy slows.
It's also a nice moment to point out that we are in anything but a "free market economy" -- where we grovel to countries to tweak and fix the prices where we want them, deal with cartels, all while greatly subsidizing these wealthy industries, and threaten & impose tariffs. And if a huge company involved should wobble or fail, we can aim the Fed money cannon at them and bail them out in some fashion. It's the United States of Corporate Socialism.Last edited by phillipj; 04-09-2020, 01:16 PM.1990 BMW 325iC Triple Black Hard Top, Self-Wrenched, Original Owner Family
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Originally posted by R3Z3N View PostI'm torn,don't need it either. But....invest it now? I think its worth the risk rather than sitting on it for a year.Originally posted by 2mAnYea, thats likely what I will do too. Just invest it and hope that its worth more than $1200 next year or whenever they try to take it out of our tax return.
1990 BMW 325iC Triple Black Hard Top, Self-Wrenched, Original Owner Family
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Originally posted by CarpHunter View PostGuys, would just like to point out that the stimulus is not an advance on future tax returns. You do not, and will not have to pay it back. Per the treasury and irs. Otherwise, hope you are all doing well.Need parts now? Need them cheap? steve@blunttech.com
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