Posted on 05/18/2022 12:45:07 PM PDT by fwdude
I largely agree, but will point out that your dollar is only going to be worth less, tomorrow.
If there is anything of a durable nature that is available, now, and you have been putting off getting, you might be better off getting it now.
When they said “you will own nothing..” they weren’t kidding. They were only kidding about “you will be happy”.
What the RAT/GOPe/UniParty greedy bassturds can’t steal through “legalized theft” (taxes), they’ll outright steal by inflating our money. Then, run it thru the U.S. Congressional “laundry mat” in the Ukraine to fatten up there personal foreign accounts.
There’s a whole bunch of folks in DC that really deserve a good, old-fashion, Texas public hanging.
But on the bright side, the price of oil dropped today! /s
If there is anything of a durable nature that is available, now, and you have been putting off getting, you might be better off getting it now.”
I agree with that. Bought a used car a couple weeks ago and new dishwasher coming today.
“holding the line on any additional inflationary handouts”
That won’t be any kind of Republican I’ve seen in the last 30 years.
Fantasyland.
I am with you. I am buying nothing. The ecomomy will feel my hit!
It’s real estate I don’t know what to do on. Up or down? I can’t tell.
Up.
That’s right. They really are controlled by some dark force. And it’s certainly impossible to deal rationally with them.
The Blame List (not in any particular order):
Putin
White Supremacists
Trump
Trump, Jr.
White People
Viktor Orbán (Hungary)
Republicans
GOP (not the same as above)
Conservatives (definitely not the same as above)
Russian Oligarchs
Proud Boys
Oath Keepers
January 6
Covid
Lack of the nth booster shot
Mike Lindell
Big Oil
Big Meat
New Mothers Hoarding
Parents with Young Children in school
U.S. Border Patrol
Fox News
Tucker Carlson (not the same as above)
Ron DeSantis
China (pronounced “Chynah”)
Michigan Militia (thought I’d just throw that in there)
Joe Rogan
Farting Cows
Steven K. Bannon
Jack Posobiec
5 members of the Supreme Court
Birthing People (a.k.a “Mothers”)
Alex Jones
Elon Musk
NRA
Russia Today
Did I mention Trump ?
Ballot inspectors who ask for Voter ID
People who don’t read the New York Times
People who don’t read the Washington Post
Think that about covers it, but the week is young.
I don’t care if it’s more expensive tomorrow. If I don’t absolutely need it, I’m not buying! It’s a simple concept.
“Think that about covers it, but the week is young.”
I was going to say that you only need to add “so far” to it.
“I have had a bit of a hunch that what the evil commucrat bastards are after is martial law.”
How is martial law enforced with 400-lb, 50 IQ, potato-chip-eating, affirmative action slugs who can’t figure out which bathroom to use?
Pretty damn obvious you don’t get out very often to check out Obuma’s fearsome “army.”
The big “surprise” was that bottom lines got crushed by rising fuel costs. As if everyone wasn’t watching it in real time. And the reporting period is for March 31. It won’t be getting better for the period ending June 30 unless these companies have made adjustments. Which they cannot easily do since they have to compete. Most of the big retail companies deliver most of their items from their own hubs to their stores themselves with only a few exceptions. So they are paying more to just transfer goods they may have paid for 2 months ago from point A to point B, at 25%-25% higher transport cost than anticipated when they bought it.
It will get worse from here, because Producer Price Index is up higher than Consumer Price Index.
My bond funds went down today, so did gold...
Now where do you go?
By pressuring conservatives who do whatever the government tells them - because "law and order".
It won't be the other side's force - it will be our side's surrender.
Housing real estate, I suspect will flatten a bit. Not up, not down much at least in the short term - depends on where of course. (though the house next door to me has been up for lease for months and no takers, they are asking way too much and I think it’s a long time owner who just rents it out (previous tenants were there many years) and priced it for the market at the time. Owners may have to ask 10%-20% less to get a bite).
But keep your eye on the adjustable rate mortgages. I am sure a lot of people who could tried to lock in 30 years at the historic lows of the last few years. But the 3/1 ARMs and the 5/1 ARMs people may be in trouble come 2023-2025.
Industrial/Warehouse market in my area has been booming. But may not last through 2023. Trouble is most of those come with 3 or 5 year leases so if it’s a real slowdown some may have to bail out of their lease. Commercial/Retail space, about the same but I’d expect those to come down sooner.
Heck, I’ve been telling the missus - if you haven’t used it in a year or thought about in 2 years... get rid of it!
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