Posted on 05/18/2022 8:44:10 PM PDT by SeekAndFind
This makes no sense. Inflation won't recede unless the Fed raises rates to double digits. Just like in the early 80s.
Recession = Three consecutive quarters of negative growth.
Inflation = Too many dollars chasing too few goods.
Leftists = Demons from Hell.
Gropin' Joe uses Ensure.
“ For U.S. households, the best strategies to employ, according to McBride, are paying down debt, boosting emergency savings, and taking advantage of the market downturn.”
Pay down debt? Only if you are on fixed income, as your debt % will decrease as your income increases.
Boosting emergency savings? As those savings decline 18% per year?
Taking advantage of the market downturn? Sell now and hope you can buy cheaper later?
This is an argument to liquidate dollar assets and buy physical assets.
I’ve seen this movie before.
Trump showed how to go.
The Left was pissed and knocked him out.
Their ends to the means is quite evil.
They figure the poor in the USA is OK.
But there’s far more at play here than simply inflation.
The gas and diesel prices and supply chain issues are going to make getting goods more difficult.
Buying physical assets actually sounds like a plan. When mr. mm and I discuss whether we should buy something these days, it’s generally not a huge purchase and it’s something we really could use, so the philosophy is, we have the money, the product is available, for now, and the money is still worth something.
Might as well get it while it’s still available and we can afford it.
Recession affects the bottom 25% of earners. To survive in business, cater to those above that.
My thoughts Exactly,
I’ve got all the toys
I need,more than I need.
I did.
The more self-sufficient you are, the less you’ll be affected by things like inflation. If anyone doesn’t have a garden, find a way to establish one. Some squash, beans, and potatoes are a good start. More is better, but those are a good start.
A little at a time I buy canned goods. I’m not in a position to garden. I know, at the time, the Lord will either provide allies or enemies...depending on which way He ordains my end (or continuance). Blessed be the Name of the Lord!
Yes, Mrs. VanShuyten and I have decided to get several big ticket items now, ones that will have to be replaced in a few years anyway, instead of waiting until the repair cost is more than the replacement cost. So far, it’s pricey, but we think it will save us 20-40% in the near future.
I remember there was a recession in 1982. Democrats used it during their midterm campaigns against Reagan's economic reforms. The Dems said we needed a change.
Reagan's official campaign slogan for the '82 midterms was "Stay the course." We did, and the economy improved.
Click-baity article promises to provide clear bulletpoints explaining how to protect one's assets, but never even begins to do so.
Regards,
For U.S. households, the best strategies to employ, according to McBride, are paying down debt, boosting emergency savings, and taking advantage of the market downturn.
Yeah, a real nimrod, this one!
"What should I do to protect myself?"
"Oh, that's easy: Taken advantage of the situation!"
And since when was it ever a bad idea to reduce debt and boost savings?!
Brilliant!
Regards,
my only comfort is that the whole world is going down in flames....money is meaning nothing....
my husband has got about 12 cord to split...normally he borrows a splitter but I’m thinking we need to buy one, new or used.....
We are doing/have done the same.
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