Here’s the thing I keep seeing about the economy. It’s gloom and doom 24/7 and in all honesty I don’t expect much to change other than the continuing devaluing of currency. People are going to get to where they start losing what little they have and are probably going to see a mass of suicides.
Right now a new phenomena is people wrecking the cars they bought and having the insurance companies write them off as total losses. Been seeing accidents that should not have happened, and in fact, I saw one yesterday that by all rights made absolutely no sense.
Things are going to get way more interesting for the consumer who is smart right now.
When there are no consumers to buy a product, the prices drop. Rather than buy that brand new car, if you wait two years, that new car is going to plummet in price because of the huge leftover inventory. I was able to get a 2019 for a song because it was not sold in three years.
That being said, people need to have patience, focus on the little things such as food and utilities and wait to spend on big purchases later unless they have a way of actually maintaining their wealth because lots of things are coming I think. Between the vaccine die off, and crypto shitting the bed, lots of things are going to make the patient people wealthy by default.
Was looking at the obituaries from my home town. Lots of people dead who are in their 20’s 30’s, 40’s and 50’s who just seemingly keeled over out of the blue. Out of the hundred or so obituaries, I saw maybe 10 that said that they’d died due to cancer or lost their battle with something. The rest, no cause of death, no mention of dying at home surrounded by loved ones. Just more or less a death notice. While I realize that you pay for these things, it struck me as odd. Lots of them have “memorials can be made to the family”.
Rather than buy that brand new car, if you wait two years, that new car is going to plummet in price because of the huge leftover inventory.
GM - Fort Wayne Assembly, had thousands of Silverados stashed all over the outskirts of town. I don't remember if it was because of the chip shortage or overproduction, but they say that mice/rats ate the soy-based insulation off the wiring harnesses and they will all have to be scrapped.
I was able to get a 2019 for a song because it was not sold in three years.