Exactly one year ago, after buying feed for my chickens and paying more for it, I began taking a closer look at the economy here in America.
While I agree with your sentiment I think more pain is required. It needs to nip at the bottom of even the oligarchs to ensure all the normies have a grasp of what is going on and that they are all at least passively participating. This means college professors struggling to buy food, people with what used to be an excess of flexible spending suddenly struggling to make ends meet. This can be both supply problems and income not keeping up.
At least you developed a plan, most people don't have a plan, and without a plan failure comes early.
The most disheartening thing I saw in the State of the Union address was the lack of a "Plan" and nothing but hope.
This would be an excellent time to work on stainless steel welding skills.
They misspelled depression.
Yeah, I started purchasing regardless of price just to have materials on hand.
That is about a 23% increase +/-..... That is really putting the squeeze on the construction and home improvement industry. Unfortunately the "ripple effect" is going to run all of the related commodities up. We have discussed the commodity of copper as in wiring, appliances and increases in property taxes. Supplier's can't even tell a client that prices are leveling off... Because they are not leveling off.
Too many negative variables. When I shake the 8-ball, it says “You’re fucked”.
www.cnbc.com
alt-market.us
www.lewrockwell.com
What will you replace it with? Will it be an upgrade, or will you wind up renting for six months and then end up spending all your profit on a current market value home?
I know. I have said the same thing to guys I work with that are selling their homes. I built the place for $392k a few years ago and she thinks I could get $1.6M. My fear is if property tax adjusts to that, I'll go broke paying taxes.
Ok, then I’d definitely offload it because you can still find really nice properties for significantly less in Georgia, but I’d still only offer the agent 1.5%.
The problem is I already have my small homestead going here and I'm afraid to sell it in these times. Maybe that's why it's valued so high.
Then you have your answer. Better start saving for taxes.
www.fool.com
Are these people on crack? Who the hell puts this stuff out?
That’s why the msm switched to 24 coverage of ukraine.
www.cnbc.com
I would say the other equally visible macroeconomic event is the printing of trillions of dollars. One only has to look at when the presses started and when inflation took flight. It is this singular event that causes the Fed to consider the Volker macro event. They are all morons at that level who couldn’t see this coming.There is only one way to get inflation under control. The FED Reserve MUST raise interest rates expeditiously. Paul Volcker tamed inflation. This is not a theory, it has been proven. Jerome Powell continues to hedge away from raising interest rates. His failure will bring pandemonium to the markets, economy and to the American people.
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Quote:
The reduction in inflation that occurred in the early 1980s, when the Federal Reserve was
headed by Paul Volcker, is arguably the most widely discussed and visible macroeconomic
event of the last 50 years of U.S. history.
The Federal Reserve is expected to raise rates, but unique challenges could slow its pace
The Fed is expected to raise interest rates by a quarter point, a major step in reversing the easing it put in place to help the economy through the pandemic.
I don't think there is a correct answer now. 20% rates will cause a host of effects like inability to service the debt, the dollar falling apart and who knows what else. They had to know it was coming and decided to fleece taxpayers for every last drop of blood before it imploded.
I dunno, I think that they really are that stupid that they thought they could print money with no effect.
