What can people buy during a recession/depression | |
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Springsongs User ID: 226702 United States 10/18/2008 02:56 AM Report Abusive Post Report Copyright Violation | What can people buy during a recession/depression Quoting: Anonymous Coward 526583Beans, rice, canned goods. Seeds and seed potatoes. Start composting to make your soil rich. If you do not have a yard, find a secret space in the wild to plant. I have a friend who owns an acre and leaves it up to nature to water it. She usually has a pretty good harvest. Main thing is to keep the critters from munching it. |
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Anonymous Coward User ID: 495603 United States 10/18/2008 03:25 AM Report Abusive Post Report Copyright Violation | Everything but precious metals. Of those things you can buy, there will be much less available quantities (esp. commodities like food & fuel,) much less variety, and much less competition than before. Expect shortages in this tighter market. Since we're inflationary right now, and likely to be hyper-inflationary very soon, everyone will be trying to stock up and buy up all the important things, flooding the market with lots of devalued cash. However, some sectors are and will become deflationary. These are the areas that do poorly in this super bearish economy, like investment bank stocks, real estate, luxury items, etc. Eventually, after the dollar completely collapses, and the foreign sovereign wealth funds have almost completely liquidated their vastly hyper-inflated massive US dollar holdings back into our inflated economy, the stock market then panics and collapses, and then most trade eventually slows down to a trickle. Most everyone may then lose their jobs, then run out of cash, and then the economy may flip and begin sliding down into a deflationary cycle, perhaps like 1933. Then people won't have the money to buy anything, and supply dries up even more with most businesses going under. Got a garden? |
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Kanigo2 User ID: 442313 United States 10/24/2008 02:01 AM Report Abusive Post Report Copyright Violation | Air is cheap.--can't live without it. Alt+F4 Allows GodLikeProductions User to Check Current score in Thread Dialog. "GLP has some batty shit, but yours takes the fucking biscuit "-Disputed- Hurray for Anarchy! This is the happiest moment of my life. |