Hi Knightbk,
I understand where you`re coming from but one cannot ignore what is going on around us.
The fact that things aren`t happening at the rate of knots that people are saying, doesn`t mean to say that they won`t happen at all. I was suprised to see oil go down to $48.00 a barrel yesterday and that the £ was at an umpteen year low against the dollar.
I`m here in the UK and was suprised that the cost of living is almost the same as it is in Brazil! All the shops in Barnsley are with promotional prices up to 90% reductions BEFORE CHRISTMAS. What does that tell you apart from buy your Chrissy Prezzies now.
Financially it means that commerce is having a rough time.
What are the companies going to do after the New Year when traditionally sales begin to be promoted if they`re already doing this before Christmas the one most important time in the retail and consequent wholesale trade, and still nobody`s buying?
I mention all this because the average person on the street only understands the financial markets where it`s important to them, on the high street.
In the short term, it`s going to be great for those of limited income being able to buy things cheaply, but this cannot be sustained for a long time as standing costs remain the same.
So the problem will hit from both ends, limited resources from the top and unsustainable limited resources from the bottom.
I think just because of those signs I mentioned, the more aware person would want to and need to take some precautionary measure to try and absorb any problems they may have further in the future (a friend of mine who is head of sales in her company was informed she will be made redundant). They would need to make an educated guess at what the future will bring and act accordingly. As all of our realities are different, so would our actions be.
Another thing that wasn`t included in Silvermans` inicial post that I think will be relevant, is that with the inevitable increased rate of US inflation, dollarised items like oil and, in my case airfares, will cost more in dollar, but that is not necessarily because the real price will go up, but, I think, will be because the buying power of the dollar will be greatly reduced, because of US inflation.
I think that as the currencies are unstable, it would be wiser to carry only limited amounts and to buy while you can the things you would need for the future. What those things will be, will depend on your needs.
At the end of the day, even if the current situation is just another little blip, you would have lost nothing as you would have needed the things anyway. The problem will become more grave to those who took no action whatsoever, thinking that everything is just hunky dory and their living situation changes radically.
Best regards,
Steve
Quote:
Originally Posted by Knightbk
You guys keep saying this and nothing happens.
No offense, but if I listened to the people on this board, I would have killed myself from depression.
I think a LOT of YOU people here are going to be in for a shock when in the next 5-10 years.. NOTHING like what you think will happen, happens.
|