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re: When will it all come crashing down?
Posted on 2/14/23 at 7:57 pm to sidewalkside
Posted on 2/14/23 at 7:57 pm to sidewalkside
Having said all that.. concerts, sports, nightclub events, music festivals, etc etc etc are all selling out in record pace
1
Posted on 2/14/23 at 8:01 pm to MEANGREEN65
quote:
I’m in the transportation business. Most of our customers have annual RFPs out right now, and because freight demand has crashed, and there are empty trucks around, freight rates are about to nosedive. I’m talking 30%-40%, which will have a profound impact on the landed cost of retail/grocery goods. Shippers/manufacturers will pass along savings to consumers and the bubble will burst.
By the end of Q2, life will get less expensive.
Profits will only increase for companies. Those savings WILL NOT be passed on to the consumers.
Posted on 2/14/23 at 8:43 pm to sidewalkside
Prices are already coming down on some basic items. The great value eggs at walmart have dropped considerably this week. This will put pressure on competing vendors and you should start to see other categories follow suit but it will take a while and not everything will drop. A lot of things will just level out. If you are working with a tight budget watch your cost per oz. and cost per each. Careful of the dollar store chains they have a load of national and generic brands that are packaged in odd sizes that are not carried in the big box stores and it's pretty deceptive. The big chains have a stake in this because they will give the shelf space to the more aggressive vendor or wholesaler that is turning their product faster due to a competitive price and take space from the not so competitive vendor. The chains can still make their profit margin at a lower price if they are turning more of the product.
Posted on 2/14/23 at 9:07 pm to saint tiger225
quote:
saint tiger225
Posted on 2/14/23 at 10:09 pm to sidewalkside
quote:
The price of everything has become untenable.
You think it's bad now
. This is just the beginning of inflation.
Posted on 2/15/23 at 7:23 am to grizzlylongcut
quote:
I’d gladly get rid of this.
I don't know. With a cell phone and wireless access, you have almost the entire knowledge of the known world in your hands.
Yeah, we mostly use it for tiktok and dickbutt memes, but there is a lot of utility in just having access to Google, YouTube, and your GPS app.
Posted on 2/15/23 at 7:27 am to sidewalkside
Stolen elections have consequences
Posted on 2/15/23 at 7:28 am to sidewalkside
As long as the government can print money out of thin air it won't come crashing down.
Posted on 2/15/23 at 7:36 am to FLTech
quote:
Having said all that.. concerts, sports, nightclub events, music festivals, etc etc etc are all selling out in record pace
This is what i can’t figure out. Entertainment venues are packed. Vacation spots, Disney/beach/ski resorts and flights are packed and many sold out, even with double/triple the prices above early 2020. Restaurants in those places are packed. Maybe people are slamming their credit cards or making their household budget cuts elsewhere, determining that vacation is a “basic need”, but people are spending, and spending heartily, in these segments.
Posted on 2/15/23 at 7:41 am to Big Jim Slade
quote:
This is what i can’t figure out. Entertainment venues are packed. Vacation spots, Disney/beach/ski resorts and flights are packed and many sold out, even with double/triple the prices above early 2020. Restaurants in those places are packed. Maybe people are slamming their credit cards or making their household budget cuts elsewhere, determining that vacation is a “basic need”, but people are spending, and spending heartily, in these segments.
Maybe people weren’t living so close to the edge of financial ruin that gas going up a dollar or eggs costing twice as much causes lifestyle changes…
Does it suck to spend 45 on a tank of gas vs 30? Sure, will it cause me any real issue, frick no.
Posted on 2/15/23 at 7:55 am to sidewalkside
As long as the US maintains its status as the global reserve currency, it won’t completely crash. China looks like less of a threat on that front now than it did a couple years ago, so that helps.
I think enhanced UBI is inevitable in the next ~20 years.
I think enhanced UBI is inevitable in the next ~20 years.
Posted on 2/15/23 at 7:55 am to MEANGREEN65
quote:
Shippers/manufacturers will pass along savings to consumers
Posted on 2/15/23 at 7:57 am to red sox fan 13
quote:
red sox fan 13
There is a much easier option...jack up insurance rates so high people can't afford to own their homes anymore.
Posted on 2/15/23 at 7:58 am to sidewalkside
quote:
There is a much easier option...jack up insurance rates so high people can't afford to own their homes anymore.
Who will live there?
Posted on 2/15/23 at 7:59 am to sidewalkside
quote:
Not even going to get into travel/entertainment/leisure item costs.
If this is a budgeting concern, you’ve got a while.
Posted on 2/15/23 at 8:01 am to TigerOnTheMountain
quote:
1 out of 6 maybe isn’t a basic need. The rest are.
Though our idea of what each should be is probably far from basic needs
I’m not saying that’s a bad thing or we should expect to go backwards in QOL but most of our housing/dining/transportation expectations are far from basic
Posted on 2/15/23 at 8:02 am to YNWA
quote:
Not only are prices high, you are getting less in some places.
There is a name for this...it's called "shrinkflation" where the amount of product is reduced but the price is kept the same or even increased. This is a tactic used in hopes of consumers not realizing they are paying more for less since the price stayed relatively flat to what they are accustomed to.
Posted on 2/15/23 at 8:11 am to Dawgfanman
quote:
Dawgfanman
quote:
Who will live there?
Once the property is owned by some other "preferred entity" instead of an individual that entity will qualify for some type of discounted/subsidized insurance rate. But individual homeowners won't. I don't REALLY believe this will happen but there is a path for it to be acheived.
Posted on 2/15/23 at 8:13 am to Dawgfanman
quote:
Who will live there?
Why do you think companies like BlackRock have been going through and buying up so many houses?
Posted on 2/15/23 at 8:22 am to USMCguy121
quote:
As long as the government can print money out of thin air it won't come crashing down.
As long as people still believe the fake dollars the gov prints still have value and there is no alternative, it won’t come crashing down…
-FIFY
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