And in two weeks when everything is restocked and people still have an abundance of food in their home and are no longer shopping, the sales will be inevitable (I hope)
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And in two weeks when everything is restocked and people still have an abundance of food in their home and are no longer shopping, the sales will be inevitable (I hope)
That's one way to look at it, I think there will be sales for sure as businesses become desperate to cover costs, in things that we don't need like more luxury goods and definitely in asset prices
I started filling my pantry about 2 weeks ago, and EVERYTHING has been on sale since then.
I don't know if the stores will be hurting too badly as government bailouts are coming for a lot of the people. The US already commited to a bunch of $$$.
One thing can be said about Trump, he does not want the US feeling poor while he is in office. He won't let this get too economically bad, he will fix it, even if it is a bubble fix or a band aid fix.
Just to be clear, I am still not a supporter. That fucker keeps kids in cages.
But we must remember these things aren't felt immediately supply chains have stock in transit, if this keeps up it will dry up so maybe you're not buying the dip but you still getting the things you need come crazy times
Well the US already printed 1.5 trillion to dump into the repo market, I doubt he'll stop printing anytime soon, this looks like buzz light year economics, print to infinity and beyond, its for sure a band aid and as Russia and the Saudis obliterate the US energy market with these price cuts its only going to put more pressure on the dollar as it could lose reserve status
I'm no fan of him either, all I've seen him do so far was enrich himself buy putting sock puppets at major banks and then getting them to grant low-interest loans to projects he has interests in
Maybe this mess will bring production of goods back to the US...
The panic buying won't last. There is only so much you can have before you say "enough." I think by mid- next week, we will be seeing songs from a different tune. By then, we will be more worried about "slow" internet as more of us stay home and put pressure on those networks.
Not looking forward to my upcoming electricity bill either... maybe I will ban daytime tv use and force the kids to use candles (j/k)
The US is in a downward spiral for sure, but it will be a while before we truly feel it, and by then I will be a rightful millionaire in the crypto sphere so all is good... And Trump wants that re-election, he has to keep fooling the people for a little while longer. Hopefully long enough for me to refinance this condo into a smaller payment. Than the housing market can crash and I can get into a home instead... this condo is destined to have my parents live it it. I just know it.
I hope so, you cannot have a country run on 70% consumer spending, I hope it wakes people up from the slumber they've been in if anything the government should be staring an SME fund to get the mom and pop shops back and stop dumping money into wall street so they can keep funding places like amazon and uber and cannibalising the markets.
Lol we'll you could go our way and do load shedding, our electricity gets shut off 3 times a day for 2 hours and we still need to get all our stuff done.
I also think his going to do anything he can to get re-election, his already starting a trade war with Europe now, the travel ban was just the first shot. Going to be an interesting time, I think the US sort of needs it, it's been coasting along for so long thinking money printing can solve everything.
I'm keen to see how crypto does in all of this, will keep buying and increasing my positions as I can.
The United States DOES have too much consumer spending, but we forget that we have lots of natural resources as well.
We like to tell ourselves that California makes money from Hollywood and Disneyland and other such stuff but a truth is that California is a GREAT place to grow fresh, organic fruits and vegetables that can sustain the whole US.
It is just a matter of re-directing where we concentrate our resources and how we use them.
I have a love for my land that goes deeper than what the United States has done to it, and I see solutions that go many, many years back. We need to wake up, and majorly shift. I hope it can be done in a more or less peaceful manner so we can avoid many unnecessary pains.
Not even two weeks they have so much supply that the racks will be filled in 8 hours and the day after the same
Well then no need to be fearful. It is just extra selling like after the holidays.
Here, they keep re-stocking and selling out by mid morning.
Still, I think it can't last THAT long. How much of this stuff can people store in their homes anyway? And, once it's stored, how much of it can they consume?
1-2 weeks TOPS.