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Posted on 7/11/23 at 9:01 pm to dgnx6
quote:
We have less farm land than previous
We could add farm land with the quickness if we needed it.
Posted on 7/11/23 at 9:03 pm to fallguy_1978
quote:
For almost 15 years. It was unprecedented. America got punch drunk on cheap money
It’s the psychology of this I find fascinating. Just anecdotally I find most people expect a return to the “normal” 3-4% mortgage rates in the next two years.
That may be true, but I tend to think think that 15 years reset everyone’s understanding of normal finance. More likely, I think those rates will proof to be the anomaly, and I don’t think our national market psychologically has really considered that possibility just yet.
Posted on 7/11/23 at 9:07 pm to TutHillTiger
Maybe Rolex prices will come down.
Posted on 7/11/23 at 9:08 pm to dgnx6
quote:
We have less farm land than previous and I don’t see an end to this.
And we STILL produce far more food than we consume. There isn't a better chunk of farmland on the planet (with cheap transportation via the Greater Mississippi River System) than the Midwest.
Posted on 7/11/23 at 9:08 pm to TutHillTiger
quote:Chickens are coming home to roost! Student loan payments are set to resume.... 4th qtr will be a thing to behold with just the auto loans alone!
So we are heading into worldwide recession in the 4th Qtr
Posted on 7/11/23 at 9:13 pm to greygoose
quote:
4th qtr will be a thing to behold with just the auto loans alone
Maybe I can score a nice used truck on the cheap then. We're currently trying to find a vehicle for my step-son, but prices are downright stupid.
Posted on 7/11/23 at 9:15 pm to TutHillTiger
Your billionaire friend is wrong.
It’s going to be Q1 2024. I’m in the industry.
It’s going to be Q1 2024. I’m in the industry.
Posted on 7/11/23 at 9:20 pm to pwejr88
quote:
in the 4th Qtr
quote:
It’s going to be Q1 2024.
tomato/tomato
Posted on 7/11/23 at 9:23 pm to TutHillTiger
quote:
this from the only billionaire I know
You don’t know any billionaires, frickhead.
Posted on 7/11/23 at 9:24 pm to Tantal
quote:Oh, don't worry. COVID and the supply chain pushed prices thru the roof. Idiots were buying whatever they could, at very inflated prices. All while not having to pay on their student loan.
Maybe I can score a nice used truck on the cheap then. We're currently trying to find a vehicle for my step-son, but prices are downright stupid.
Prices on cars are about to take a tumble.....just like houses.
Posted on 7/11/23 at 9:26 pm to ned nederlander
quote:
I think those rates will proof to be the anomaly, and I don’t think our national market psychologically has really considered that possibility just yet.
The Boomers are our largest generation and they had all of their money in the market during their highest earning years. Now they're moving into retirement and moving into cash and T-Bills because they can't handle risk. The next generation to have their money in the market is Gen-X, which is very small. This scarcity of capital is going to cause it to be expensive. It won't be cheap again until the Millennials (a large generation) are in their top earning years and flood the market with capital again.
This post was edited on 7/11/23 at 9:34 pm
Posted on 7/11/23 at 9:27 pm to Tantal
Gen x is smaller population wise?
Posted on 7/11/23 at 9:27 pm to TutHillTiger
My entire industry is bracing for an abysmal final quarter.
Not a ton of cuts yet but most are being pretty conservative with expenditures.
Not a ton of cuts yet but most are being pretty conservative with expenditures.
Posted on 7/11/23 at 9:30 pm to Sun God
quote:
Gen x is smaller population wise?
Yes. Boomers and Millenials are much larger. Gen Z (Gen X's kids) is small too.
Posted on 7/11/23 at 9:31 pm to TutHillTiger
K
And what do any of us have to do with changing a damn thing? Idiot we realize this but thanks for the earth shattering news.
And what do any of us have to do with changing a damn thing? Idiot we realize this but thanks for the earth shattering news.
Posted on 7/11/23 at 9:33 pm to Cracker
quote:
Idiot we realize this but thanks for the earth shattering news.
Of all the Cracker types, I'm going to go out on a limb and guess that you're a Saltine.
Posted on 7/11/23 at 9:34 pm to Tantal
quote:
Thankfully, ours isn't an export-driven economy and the dollar will still be strong enough to buy what we need from overseas.
But muh BRICS.
Posted on 7/11/23 at 9:37 pm to Obtuse1
quote:
But muh BRICS.
China is currently in a barely-controlled implosion. Russia's economy is smaller than Texas'. All of the Chicken Littles worried about BRICS taking over the world need to research a little more.
Posted on 7/11/23 at 9:37 pm to TutHillTiger
Crawfish prices will be going up.
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