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Thread: You cannot ignore economic reality.

  1. #21

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    Quote Originally Posted by everything1 View Post
    It will be awhile yet, it takes at least a year to slow down the U.S. economy, and it's no slowing down yet. Closing retail stores won't put a dent in this thing, although maybe a precursor, people just moved to online transactions, if anything that shows some belt tightening to start as folks chase lower prices.

    https://hbr.org/2019/04/companies-ne...nomic-downturn
    An ENTIRE Mall has been Torpedoed and is Going Down...
    it was Anchored by Sears And Pennys.... as Many are...
    Payless and a Slew of others are Already closing as well.
    x3

  2. #22

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    Quote Originally Posted by everything1 View Post
    I think the world is doing a fine job of ignoring economic reality.
    I've been ignoring economic reality for the last several years. Been working out pretty good so far.

  3. #23
    Join Date
    Jan 2017
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    Quote Originally Posted by everything1 View Post
    I think the world is doing a fine job of ignoring economic reality.
    You can ignore the economic reality but you cannot
    ignore the economic consequences of ignoring the
    reality.

    Ayn Rand

  4. #24

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    Quote Originally Posted by Silver and Gold View Post
    Caterpillar shares fall after Deutsche Bank downgrade: ‘Synchronized global growth has collapsed’


    Synchronized global growth has collapsed, the China Land Cycle is rolling over, ... Europe is slowing more than expected and the US is oversaturated with construction equipment,” Chad Dillard says.



    https://www.cnbc.com/2019/04/03/cate...downgrade.html
    Easy money makes there is too much of everything. That is the reason for persistent deflation and why the Kondratieff cycle starts falling down.

    Easy to see what free money got done, but nonetheless still wanting more free money.

    A free car for everybody is the trend today, tomorrow it will be a free plane.

    Golditiki2+++

  5. #25

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    Economic reality has been ignored since the Dow rose above it’s 7,000ish dip. The Fed opened the flood gates (to some but not all) & the bubble was inflated on promises that can’t all be kept. When people wake up & figure out that they are not going to get what they were promised for what they paid in (to things like Social Security), there will be a lot of pain to go around. At that point, the ignorance will cease.

    You can ignore economic reality for a while. The wizards in charge have figured out some creative ways to extend how long it can be done for. But eventually, the people will see that the emperor has no clothes & the party will be over for most.

    If bank bail ins start, we may actually see genuine civil unrest.
    Last edited by SilverPalm; 04-08-2019 at 09:08 PM.

  6. #26
    Join Date
    Jan 2017
    Posts
    4,129

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    IMF is warning the governments to get their debts under control,
    before the next recession:

    https://www.shtfplan.com/headline-ne...ssion_04112019

  7. #27

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    Anyone need to borrow some rose-colored glasses? This economic reality is getting hard to fade.

  8. #28

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    Quote Originally Posted by BodieGhost View Post
    Anyone need to borrow some rose-colored glasses? This economic reality is getting hard to fade.
    Hey Bodie How Much for a Gallon of Regular out in Cali right now?
    x3

  9. #29

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    Quote Originally Posted by silverone View Post
    Hey Bodie How Much for a Gallon of Regular out in Cali right now?
    Hi silverone. I'm starting to regularly see $4+ in Southern California. Our gas taxes are very high.

  10. #30

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    Quote Originally Posted by BodieGhost View Post
    Hi silverone. I'm starting to regularly see $4+ in Southern California. Our gas taxes are very high.
    Dude.. I got Lucky Yesterday and paid $2.80 at a station Farther out of my Village (of Idiots)
    than I usually go. We'll be Well over $3 a Gallon the Next price Increase for certain.
    x3

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