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It’s coming for sure. 100%.
If you don’t see it you are a moron.
Or loaded with a stash of money and don’t care either way.
It’s unfolding in real time right in front of our eyes. But idiots still believe “meh everything will be alright”.
If it’s an economic collapse a boatload of money is going to help you.
Here are a few more optimistic outlooks. Not sure I buy into their full predictions but just in case you need to counter the doom and gloom forecasts some of you are feeling.....
https://fortune.com/2021/07/29/us-ec...the%20pandemic.
For all of 2021, the economy is expected to expand perhaps as much as 7%. If so, that would be the strongest calendar-year growth since 1984. And it would mark a sharp reversal from last year’s 3.4% economic contraction — the worst in 74 years — as a result of the pandemic.
https://www2.deloitte.com/us/en/insi...-analysis.html
Just when it seemed that the pandemic was waning, the Delta variant popped up. The good news is that it’s unlikely to derail the economy as its predecessor did earlier; the even better news is that economic fundamentals continue to remain strong.
It’s coming for sure. 100%.
If you don’t see it you are a moron.
Or loaded with a stash of money and don’t care either way.
It’s unfolding in real time right in front of our eyes. But idiots still believe “meh everything will be alright”.
I am hearing talk about people pulling their money out of the banks.. they don't trust the IRS and could seize monies for false allegations because they can go back as far as they want. They do not trust Biden or his ideas of looking into everyone's bank accounts. This is for sure against the Constitution and is very Totalitarian 1984 .
Economists have been predicting a recession before the pandemic.
I would have argued the same before the pandemic.
BUT -- did we get forced into that recession last year.
The inflation is being caused by a surge in demand. People want to spend money -- they want the goods -- all the goods. But the infrastructure to deliver those goods is struggling to keep up.
Back up of shipments to the USA because of weather, the Suez Canal blockage, labor issues globally caused by the pandemic,
Then here -- a shortage of truck drivers that was there BEFORE the pandemic means the record breaking volume of goods being delivered to ports can't be delivered to the distribution centers in a timely manner.
So people are willing to pay more because they just want the stuff.
If we can fix the supply chain issues -- people get their stuff -- will we see a recession?
The state of California has implemented regs on truckers that went into effect in 2020 that has greatly reduced trucking capacity. The regs have decimated independent truckers, who have mostly moved out of state....just over the state line, where they now pick up their loads.
California Longshoreman unions are another cause of the pile ups. They refused to add shifts and hours until the Feds forced them to. Now, they work as slow as possible, to insure themselves a steady slow stream of work.
Industry is shifting import loads elsewhere, but that takes a lot of time.
We don't hear much about the Stock Market from the righties lately. I wonder why that is??
The fed is now going to taper off the millions and millions that the propped up the stock market with. They will withdraw the money because of high inflation and a huge bubble in the stock market. It is all quantitive easing that is holding our economy up .
Too much money out there and the dollar is losing its value.
I don't think people recognize that this is the biggest shift in how we have lived in most of our lifetimes.
Police, healthcare workers, airline employees....etc. are refusing to take a vaccine and they are walking off the job or being fired. I think we are going to see backups at airports like we have never seen before. I think we are going to have to wait to get elective healthcare and maybe even essential healthcare.
People are relocating in droves. They can't get workers for the simplest of things right now.
I am hearing talk about people pulling their money out of the banks.. they don't trust the IRS and could seize monies for false allegations because they can go back as far as they want. They do not trust Biden or his ideas of looking into everyone's bank accounts. This is for sure against the Constitution and is very Totalitarian 1984 .
The stash of money had better not be U.S. dollars or stocks, bonds, & other paper investments. If a "free-fall economic collapse" occurs, this paper will become worthless really fast.
You'll want to be debt free, have a paid-off roof over your head, a stockpile of silver/gold coins in small denominations ($50 optimal), a stockpile of food, & ways to protect it all.
The top 1% have offshore bank accounts & homes to escape to. They'll vanish overnight.
Basically yeah, I was alluding to the 1% and the uber wealthy.
Your first two links are outdated, and do not take into account the dive in consumer confidence, which many say is the #1 economic forecasting metric. It peaked in April, & has declined since, and the past 3 months have been dismal.
The last link fails to mention this #1 metric...consumer confidence. It also grossly understates how bad inflation is and especially energy related inflation which impacts prices/inflation.
Quote:
Originally Posted by moneill
Here are a few more optimistic outlooks. Not sure I buy into their full predictions but just in case you need to counter the doom and gloom forecasts some of you are feeling.....
https://fortune.com/2021/07/29/us-ec...the%20pandemic.
For all of 2021, the economy is expected to expand perhaps as much as 7%. If so, that would be the strongest calendar-year growth since 1984. And it would mark a sharp reversal from last year’s 3.4% economic contraction — the worst in 74 years — as a result of the pandemic.
https://www2.deloitte.com/us/en/insi...-analysis.html
Just when it seemed that the pandemic was waning, the Delta variant popped up. The good news is that it’s unlikely to derail the economy as its predecessor did earlier; the even better news is that economic fundamentals continue to remain strong.
The state of California has implemented regs on truckers that went into effect in 2020 that has greatly reduced trucking capacity. The regs have decimated independent truckers, who have mostly moved out of state....just over the state line, where they now pick up their loads.
California Longshoreman unions are another cause of the pile ups. They refused to add shifts and hours until the Feds forced them to. Now, they work as slow as possible, to insure themselves a steady slow stream of work.
Industry is shifting import loads elsewhere, but that takes a lot of time.
It is getting very Orwellian 1984 in the trucking industry. They watch each truck and know where the driver is. They have to stop driving after 10 hours. They are being treated like robots. It is all done electronically now. Their log books , their trips, the mileage. No freedoms for the truckers. Too much regulation and owner operators are now having to deal with high diesel costs to make the trips and cutting into any profit they can make.
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