He went to Home Depot at opening and he was the only person there. The front of the store was packed with inventory. Many thousands of dollars of goods sitting outside getting ruined.
No builders buying materials or tools.
We are seeing the evidence that the economy has cratered. House sales are fucked and the prices are being discounted hard. Car loans underwater. RV manufacturers stopping production. Expensive watches flooding exchanges and dropping in price by 20%.
Companies are doing hiring freezes despite being understaffed because they see the tide has turned.
Even rich people are tightening their spending and off loading luxuries they don't need.
The economy has ground to a halt.
China has already seen their banking sector become so insolvent that people can't get their money out of the banks. This will cause contagion world wide and accelerate the crash.
The stock markets will soon be faced with investors looking to remove their money. Then it will go fast.
It's about to get crazy.
This was all the fault of the retards that went along with the covid hoax. Now the death toll from the collapse will obscure the deaths from the vax. That's why governments everywhere are putting the boot to their own economies.
[ - ] o0shad0o 1 point 2.7 yearsAug 8, 2022 18:26:57 ago (+1/-0)
Maybe. We'll see shortly.
More likely, this illustrates a major issue with national corporations. Their bread and butter is flow management, which is a successor to "just in time" inventory management; product movement is done via forecast, and their forecasts are often wrong, and often don't account for regional differences. The Home Depot the guy video'd may not be indicative of Home Depots in general; others around the country may be running out of stock instead. Depends on construction pricing, weather, etc. I may be able to stop by one near me in a couple days, we'll see.
IMO too much cash has been dumped into the economy for there to be a real recession per se. What I think we're going to see is what's called a "stagflation". Where a recession means job cuts and businesses slowing down. a stagflation means inflation effectively cutting people's pay, while prices grind their way up. The economy doesn't run hot enough for people to switch to higher paying jobs, so they're stuck where they are, while everything gets more expensive around them. Companies get more cash for what they sell, but most goes for the cost of materials and they can keep their payroll but can't raise it. In a lot of ways it's more miserable than a simple recession.
[ - ] Cunt 1 point 2.7 yearsAug 8, 2022 17:30:33 ago (+1/-0)
The stock markets will soon be faced with investors looking to remove their money. Then it will go fast.
Not everything will go down. I was thinking about this last night and bought some (processed) food stocks in hopes they will be an exception in a crash. They are all going up so I'm not alone in that view.
[ - ] Laputois 1 point 2.7 yearsAug 8, 2022 16:46:46 ago (+1/-0)
As this continues I expect that there will be a glut temporarily, but it will get harder to buy anything soon. As industry shuts down the components will become rarer for everthing. If China decides to invade Taiwan the supply source problem will be exacerbated. Stock up for what you need now, if you have enough then stock up for what you want, things will begin to get scarce. This will drive the prices up even more.
I've only been saying this was coming for around 3 years now.
Last bit of advice I'm giving you fine folks here: If you have available credit on your credit cards, it's worth pulling $200 in cash (minimum) and start using those cards to stock up. A complete economic collapse means that debt will be erased. A non-economic but otherwise full collapse means it won't matter.
[ + ] I_am_baal
[ - ] I_am_baal 4 points 2.7 yearsAug 8, 2022 17:51:51 ago (+4/-0)
[ + ] SteppingRazor
[ - ] SteppingRazor 0 points 2.7 yearsAug 9, 2022 11:32:32 ago (+0/-0)
[ + ] o0shad0o
[ - ] o0shad0o 1 point 2.7 yearsAug 8, 2022 18:26:57 ago (+1/-0)
More likely, this illustrates a major issue with national corporations. Their bread and butter is flow management, which is a successor to "just in time" inventory management; product movement is done via forecast, and their forecasts are often wrong, and often don't account for regional differences. The Home Depot the guy video'd may not be indicative of Home Depots in general; others around the country may be running out of stock instead. Depends on construction pricing, weather, etc. I may be able to stop by one near me in a couple days, we'll see.
IMO too much cash has been dumped into the economy for there to be a real recession per se. What I think we're going to see is what's called a "stagflation". Where a recession means job cuts and businesses slowing down. a stagflation means inflation effectively cutting people's pay, while prices grind their way up. The economy doesn't run hot enough for people to switch to higher paying jobs, so they're stuck where they are, while everything gets more expensive around them. Companies get more cash for what they sell, but most goes for the cost of materials and they can keep their payroll but can't raise it. In a lot of ways it's more miserable than a simple recession.
[ + ] Cunt
[ - ] Cunt 1 point 2.7 yearsAug 8, 2022 17:30:33 ago (+1/-0)
Not everything will go down. I was thinking about this last night and bought some (processed) food stocks in hopes they will be an exception in a crash. They are all going up so I'm not alone in that view.
[ + ] Laputois
[ - ] Laputois 1 point 2.7 yearsAug 8, 2022 16:46:46 ago (+1/-0)
[ + ] totes_magotes
[ - ] totes_magotes 0 points 2.7 yearsAug 8, 2022 19:29:13 ago (+0/-0)
Last bit of advice I'm giving you fine folks here: If you have available credit on your credit cards, it's worth pulling $200 in cash (minimum) and start using those cards to stock up. A complete economic collapse means that debt will be erased. A non-economic but otherwise full collapse means it won't matter.
[ + ] frankenham
[ - ] frankenham 3 points 2.7 yearsAug 8, 2022 20:34:28 ago (+3/-0)
[ + ] FacelessOne
[ - ] FacelessOne 1 point 2.7 yearsAug 8, 2022 16:03:06 ago (+1/-0)
[ + ] Laputois
[ - ] Laputois 0 points 2.7 yearsAug 8, 2022 16:16:28 ago (+0/-0)
[ + ] Nosferatjew
[ - ] Nosferatjew 0 points 2.7 yearsAug 8, 2022 16:33:51 ago (+0/-0)
[ + ] Deleted
[ - ] deleted 0 points 2.7 yearsAug 8, 2022 17:40:29 ago (+0/-0)
[ + ] Laputois
[ - ] Laputois 1 point 2.7 yearsAug 8, 2022 20:46:47 ago (+1/-0)
[ + ] lord_nougat
[ - ] lord_nougat 0 points 2.7 yearsAug 8, 2022 15:50:24 ago (+0/-0)
Not from home depot, though. We never go there anymore.