I couldn't find a chart of the SMI
Posted on 03/29/2022 7:25:25 PM PDT by SeekAndFind
Yep, that would be us and we are elderly.
“Buy a wheel barrow soon. You will need it to go to grocery stores to carry enough cash.”
People don’t believe that this is possible-but an older kindly neighbor gave me a sheet of uncancelled Weimar Republic 200 million Deutchmark stamps when I was a kid to give me a start on my stamp collection. I figured that I could by a significant chunk of West Germany with that…
When everything costs twice as much.
An American mother gathers what’s left of the family’s life savings, piles the cash in a wheel barrow and starts off to the store to buy a week’s groceries. Half way there a robber confronts her. The thug knocks her down, dumps the cash and runs off with the wheel barrow.
My soon to be favorite non joke about inflation.
Just like the Fed did from May 1987 to Sep 1987 (before the October flash crash). Just like they did from June 1999 to May 2000 (dot-com bubble burst, S&P 500 dropped 49% to fall of 2002). Then they raised rates steadily from June 2003 to Sep 2007 (S&P 500 topped in Oct 2007 before it dropped 56% to March 2009). It was almost like they were trying to bring down the rapid Bush rebound from the dot-com burst.
Fed raising rates (and in this case also tapering bond purchases) combined with high Shiller PE means stay out of equities.
People are buying prep.
Then my ex put them in the Church parking lot sale,
This is valid economic analysis….16 months ago.
Everything is tempered now by the skyrocketing inflation. And those older folks that you say are ready to open their wallets? They are, but they vividly remember 1970’s-80’s inflation.
They will temper their spending.
It must be all that talk about regime change in Russia which would end human civilization or maybe Biden’s threat to use chemical weapons that’s making the economy stronger. We need to document everyone who voted for BiDeN and take away their voting rights . No way ignorant communists should be allowed to vote in this country. Anyone who was guilty of fraud should have their voting rights removed and then promptly executed for treason.
So we will be somewhere between massive global depression and/or mass starvation and record-setting growth in a booming economy.
Yes, I will invest accordingly.
Really?! This "older American" hasn't changed his spending patterns at all since his part of Alaska went back to normal ops in May 2020.
So slippers are a major market indicator. Good to know.
Getting killed by gas prices, but we have slippers.
I couldn't find a chart of the SMI
Lot more self control than the government.
So when prices go up, SMI goes up. So it's useless when we have high inflation. Sure, whatever.
Yep! Guns and ammo are my only discretionary spending for the last year.
Well Golly. I better get spending. I want that new Jeep 4 door pickup. AND the 4 door tundra. And I want that beach house in San Diego. And I better spend money on that nice mountain retreat in Telluride. And I have always wanted a luxury yacht like. Spending is good for Biden’s ratings .
The author must be a Common Core Math student
No wheelbarrow needed. Just a socially acceptable QR code. By posting here, you can’t buy the $40 head of lettuce anyway.
Yep....spending more for less. People
gotta eat, pay for gasoline, and need
abodes. Every single thing we buy has
got up in price. Making it look like
our economy is booming. But we’re barely
gettin’ by. Three more years of this
nightmare may finish us as a once great nation.
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