Economy on fire update
Comments
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America last.
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You are presuming @HuskyBuck understands the correlation between inflation and his expert stock picking.
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Finally starting to go into restaurants/breweries and see very few people in them.
2 beers there and 2 4-packs to go was over 50$. Holee phuck.
By the time the election comes it will be so bad that only looney tune motherfuckers will be voting dem. Cook it.
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Same. Out Saturday night and the place was maybe 30% full. If that.
Cheaper to eat/drink at home. Barely.
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Rice and beans are still cheap as fuck.
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GDP alone is a bad measurement. If you look at what I believe people call net GDP, which is the spread between GDP growth and national debt growth, it’s much worse. We’ve been essentially growing the national debt at more than double the clip of the growth rate of GDP. And that has been happening since 2021. I also think the debt is getting so bad that the government is intentionally trying to keep inflation up because it makes it easier to pay the debt back when bills come due.
But with slowing growth, it’s going to end up being a huge miscalculation by the fed. Tough times are coming. I see a SPY pullback of 30-40% starting in the next 6-18 months. FANG and Nvidia are the only things keeping the market green right now.
I moved my brokerage funds to cash collecting 5% APR. it’s below inflation but I won’t be going red either, which is the direction I think we are headed.
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Until the globalists burn down the rice and beans processing plants.
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Cascadia Brewing was jam packed when we were there last Thursday for girls softball pizza party. Economic downturn affects Bellevue a little less than it does Vancouver, I guess.
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I was in Happy Valley.
You'll have to ask 46X how civilization has fared lately.
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Having had to split time between Bellevue and Vancouver the last 6 mos, this is 100% true.
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