Lowest 100 day job approval other than Ford and Trump
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Wait until the economy tanks...
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
And to think he started with a +45 for not being Trump...
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@axtremus said in Lowest 100 day job approval other than Ford and Trump:
@jolly said in Lowest 100 day job approval other than Ford and Trump:
Wait until the economy tanks...
Are you wishing for the economy to tank?
I'm not wishing, I'm preparing.
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
When you shake someone's deep sense of self-worth, leaving a scar in their ego, they will persistently try to diminish you through petty arguments & obsessive captious criticism of your actions, just to soothe the wound.
- Nassim Nicholas Taleb
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@jolly said in Lowest 100 day job approval other than Ford and Trump:
I'm not wishing, I'm preparing.
That is worthwhile discussion. If you don’t mind elaborating your thought, do consider starting a new thread to talk about how (and maybe when) you think the economy might tank, and what you think can be done to prepare for such it.
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@jon-nyc said in Lowest 100 day job approval other than Ford and Trump:
Seems like a long way off, lots of pent-up demand post Covid.
Just curious ... do you see those demands going beyond the travel, hospitality, and personal grooming industries?
Thought of healthcare, but not sure if aggregate demand for healthcare will be greater during or post COVID-19 because the pandemic itself generated a lot of demand for healthcare, probably just a matter of shifting demand from one subset of healthcare services to another subset of healthcare services.
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At some point the economy will go down, but I think it is going to be going up in the short to medium time. For that time, I mean at least up to the next 2-3 years and maybe longer.
If it goes longer, the Democrat (whoever that is) will get reelected. If the economy starts to decrease in 2-3 years, probably a Republic president.
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Semi-Conductor shortage is severely damaging over 100 industries and has been projected to impact GDP by 1%. There are also expected price increases coming down the pike on most products using these semiconductors.
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Lumber is insane right now and doesn’t show any signs of improving any time soon. Hope you don’t need a roof put on.
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Across the US, Renters are near or over $100 Billion in unpaid back rent. As millennials have finally moved into the buying phase, there will be a glut of rental properties on the market driving prices down.
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No way commercial real estate doesn’t take a nose dive for a bit over the next few years.
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@axtremus said in Lowest 100 day job approval other than Ford and Trump:
@jolly said in Lowest 100 day job approval other than Ford and Trump:
I'm not wishing, I'm preparing.
That is worthwhile discussion. If you don’t mind elaborating your thought, do consider starting a new thread to talk about how (and maybe when) you think the economy might tank, and what you think can be done to prepare for such it.
I think we stand a pretty decent chance of stagflation. I think we have thrown money with both hands at an economy that didn't need it. If Biden gets his infrastructure bill, we're talking about 5.5 trillion dollars dumped into the streets. I already see inflation happening in the grocery store, the lumberyard and the car dealership, far in excess if the 2%/yr we have become accustomed to.
Central banks are still monetizing large deficits with fiat money backed by nothing, ala MMT. I think companies and individuals both owe way too much money. Because of this, and because if we actually tried to go back to a more conservative and sound fiscal policy, I think bonds suffer and when the bonds tank, credit in general tanks.
Too much money dumped into the system, possible negative shocks still to come in the supply chain, rising interest rates and a possible recession as the cherry on top. Might be some interesting times.
Good stocks did ok during the last stagflation cycle, but I'm not so sure this time as I think the market is over-valued. I'm thinking real assets such as PM's, land, etc., may do best...
