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What is your assessment of the current economy?

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  • RedneckHBRedneckHB Posts: 19,673 ✭✭✭✭✭
    edited July 14, 2025 3:51PM

    Good, bad, ugly? Where are we these days?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 6,545 ✭✭✭✭✭
    edited July 14, 2025 4:27PM

    On the verge of a big, beautiful, bankruptcy. However, real wealth being generated in many places for those that decided not drink the Kool-aid.

    RGDS!

  • carew4mecarew4me Posts: 3,493 ✭✭✭✭

    teetering on the razors edge of technological nirvana or societal enslavement


    Loves me some shiny!
  • derrybderryb Posts: 37,630 ✭✭✭✭✭

    I let gold price tell me the state of the economy.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • AzurescensAzurescens Posts: 2,783 ✭✭✭✭✭

    I've been getting deeper into farming, bartering, foraging and all that and there seems to be a huge surge. Lots of people are canning, sharing goods, wanting to find ways to secure cheap and easy food. Mutual aid networks are on the rise and more people are starting gardens.

    The people this draws also have useful skills like sewing, small engine repair, hunting, or fishing. Our barter economy has gotten rip-roaringly hot. People are trading their skills for food and skipping the money aspect altogether. More farmers are accepting gold and silver as payment.

    Originally most of my clients were hikers who just wanted to know how to survive if they got lost. Now I'm getting a lot of people who would rather spend money up front to learn as a way to defer the future cost of groceries.

  • VikingDudeVikingDude Posts: 1,438 ✭✭✭

    Feels like storm clouds are slowly rolling in

  • DoubleEagle59DoubleEagle59 Posts: 8,377 ✭✭✭✭✭

    The US dollar is losing global dominance.

    Hard assets are being accumulated.

    I also believe the current administration will revalue gold to a much higher amount sometime around July 2026 (250 year anniversary).

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • RedneckHBRedneckHB Posts: 19,673 ✭✭✭✭✭

    @DoubleEagle59 said:

    I also believe the current administration will revalue gold to a much higher amount sometime around July 2026 (250 year anniversary).

    Why? How would they profit from that?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 6,545 ✭✭✭✭✭

    @DoubleEagle59 said:
    The US dollar is losing global dominance.

    Hard assets are being accumulated.

    I also believe the current administration will revalue gold to a much higher amount sometime around July 2026 (250 year anniversary).

    :roll! LOL!!

  • RedneckHBRedneckHB Posts: 19,673 ✭✭✭✭✭

    Well, well. It seems messengers do get shot. Confidence goes a long way, right derryb. Will we have more or less going forward? Greater transparency? The importance of leaving ones own bubble take on greater importance.

    What is our assessment on current economic conditions? Lets see some examples such as...I got to the same restaurant on the same day at the same time every week. There have been more empty tables in the last month than in previous months and compared to the same period last year.

    What do you folk see?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 23,234 ✭✭✭✭✭

    Gold seems to have reacted somewhat strongly to the revised jobs reports. End the Fed - there is no reason for it to exist.

    The market's gonna do what the market's gonna do. Nobody needs a banking intermediary to manipulate interest rates.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 37,630 ✭✭✭✭✭
    edited August 2, 2025 8:33AM

    @jmski52 said:
    Gold seems to have reacted somewhat strongly to the revised jobs reports. End the Fed - there is no reason for it to exist.

    The market's gonna do what the market's gonna do. Nobody needs a banking intermediary to manipulate interest rates.

    Jobs report boss got fired. I have commented here for years that "liars figure and figures lie" when it comes to jobs reports.

    New boss same as the old boss?

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • RedneckHBRedneckHB Posts: 19,673 ✭✭✭✭✭
    edited August 2, 2025 2:08PM

    @derryb said:

    >

    New boss same as the old boss?

    New boss worse.

    With old boss maybe we thought the numbers were half right, now we probably can't even say that.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 9,086 ✭✭✭✭✭

    @RedneckHB said:
    Well, well. It seems messengers do get shot. Confidence goes a long way, right derryb. Will we have more or less going forward? Greater transparency? The importance of leaving ones own bubble take on greater importance.

    What is our assessment on current economic conditions? Lets see some examples such as...I got to the same restaurant on the same day at the same time every week. There have been more empty tables in the last month than in previous months and compared to the same period last year.

    What do you folk see?

    .

    What i see is that you still ask a lot of questions and don't provide much in the way of answers or facts.
    If you want to make a point, then state it. You will have to work harder and not expect others to do the work for you.

    .

  • RedneckHBRedneckHB Posts: 19,673 ✭✭✭✭✭

    @dcarr said:

    @RedneckHB said:
    Well, well. It seems messengers do get shot. Confidence goes a long way, right derryb. Will we have more or less going forward? Greater transparency? The importance of leaving ones own bubble take on greater importance.

    What is our assessment on current economic conditions? Lets see some examples such as...I got to the same restaurant on the same day at the same time every week. There have been more empty tables in the last month than in previous months and compared to the same period last year.

    What do you folk see?

    .

    What i see is that you still ask a lot of questions and don't provide much in the way of answers or facts.
    If you want to make a point, then state it. You will have to work harder and not expect others to do the work for you.

    .

    So, what's your assessment of the present economy? How are things in your neck of the neighborhood?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 9,086 ✭✭✭✭✭

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:
    Well, well. It seems messengers do get shot. Confidence goes a long way, right derryb. Will we have more or less going forward? Greater transparency? The importance of leaving ones own bubble take on greater importance.

    What is our assessment on current economic conditions? Lets see some examples such as...I got to the same restaurant on the same day at the same time every week. There have been more empty tables in the last month than in previous months and compared to the same period last year.

    What do you folk see?

    .

    What i see is that you still ask a lot of questions and don't provide much in the way of answers or facts.
    If you want to make a point, then state it. You will have to work harder and not expect others to do the work for you.

    .

    So, what's your assessment of the present economy? How are things in your neck of the neighborhood?

    .

    If you report your answers to your own questions here first, I will then give my assessment.

    .

  • RedneckHBRedneckHB Posts: 19,673 ✭✭✭✭✭

    @dcarr said:

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:
    Well, well. It seems messengers do get shot. Confidence goes a long way, right derryb. Will we have more or less going forward? Greater transparency? The importance of leaving ones own bubble take on greater importance.

    What is our assessment on current economic conditions? Lets see some examples such as...I got to the same restaurant on the same day at the same time every week. There have been more empty tables in the last month than in previous months and compared to the same period last year.

    What do you folk see?

    .

    What i see is that you still ask a lot of questions and don't provide much in the way of answers or facts.
    If you want to make a point, then state it. You will have to work harder and not expect others to do the work for you.

    .

    So, what's your assessment of the present economy? How are things in your neck of the neighborhood?

    .

    If you report your answers to your own questions here first, I will then give my assessment.

    .

    I wrote about my restaurant observations.

    So how is it in dcarville?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 6,545 ✭✭✭✭✭
    edited August 3, 2025 6:08AM

    @RedneckHB said:

    @dcarr said:

    @RedneckHB said:
    Well, well. It seems messengers do get shot. Confidence goes a long way, right derryb. Will we have more or less going forward? Greater transparency? The importance of leaving ones own bubble take on greater importance.

    What is our assessment on current economic conditions? Lets see some examples such as...I got to the same restaurant on the same day at the same time every week. There have been more empty tables in the last month than in previous months and compared to the same period last year.

    What do you folk see?

    .

    What i see is that you still ask a lot of questions and don't provide much in the way of answers or facts.
    If you want to make a point, then state it. You will have to work harder and not expect others to do the work for you.

    .

    So, what's your assessment of the present economy? How are things in your neck of the neighborhood?

    I'm pretty much out in the sticks although I am on the road quite a bit for my job. I can report business as usual in Amishville. The crops are booming and as tasty as ever. Just ate some of the sweetest cantaloupe I have ever tasted this morning. They were on the small side but the produce stand I stopped at last night was blowing them out at $1.50 each, $1.00 each if you purchased 2 or more.

    We don't eat out much but I do observe surprisingly full parking lots at the restaurants, long lines at local convenience stores with people dropping $30-40 a pop on their 2 packs of cigarettes, bottle of pop and bags of chips. We hit Steelers training camp in Latrobe last weekend and the lines were long purchasing extremely overpriced merchandise.

    At the grocery store however I do see peoples shopping carts are less full, people seem to be looking at prices and taking their time before putting items in their basket. Places like Lowes and Home Depot seem to have less traffic than previously. Kubota and John Deere dealers are packed full of new tractors and UTVs, Car lots are packed full of new cars and any houses going for sale around here are sitting on the market and not selling. A year or so ago they were selling as soon as they hit the market.

    I don't know what to make of it actually. People are certainly more cautious about spending money on necessities and higher dollar items however seem to be careless as ever when it comes to convivence, restaurants, and entertainment. RGDS!

    Edit to add: There are quite a few restaurants in the area that have been closing up shop, including ones that have been in business for decades. So I could be totally off on my parking lot observations. THKS!

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