It will be interesting to keep an eye on this.
Granted, if I had a dime for every article I’ve read in the past 5 or 6 years spelling out the signs of impending economic doom, I could easily buy a tank of gas for my car.
Having barely survived the aftermath of 2008 myself, it does stress me out to realize that it could happen again and soon and worse. I’d like to think I’m better positioned to handle things now, but as they say in France, shit happens. And it’s stressful knowing that other people will have to go through what I went through and worse.
It’s also unfortunate that official data makes things sound stable(-ish), but on the ground and admittedly in my own little bubble, people are not so optimistic. Manufacturing plants have shut down, people are getting laid off left and right, budgets are getting cut to bare bones, all while prices on daily things like food and energy have spiked.
One of the most liberating experiences of my life was paying off a car loan. I’ll never understand those folks that automatically swap out for a new car, especially those that live near their financial edge. I’m perfectly fine driving something used that’s reliable. Never again will I take out a large loan for a new vehicle.
I made a point to buy a car I could pay cash for (I keep emergency savings), and yeah I can’t imagine willingly having car loans.
My face when I realized that this article isn’t a warning about dire circumstances but an advice column for investors on how to take advantage of the chaos that is about to unfold to make more money. 😑😡
#freeLuigi
Dislocation always creates opportunity. Most investors wait until defaults spike and headlines confirm the obvious. But by then, the edge is gone. The real opportunity is now, while the market is still pricing in calm.
Jesus Christ.
Wait until all the Medicaid cuts etc. really hit.
People are utterly fucked, here’s how best to profit off it!
It’s the American way.
Own a Tesla? Want to get rid of it? Stop paying. Let them repo.
Then a few months later. File personal bankruptcy. It doesn’t hurt anywhere near what most think.
Even better, press auto-pilot and let it auto-crash, then cash in insurance.
Meh, I think insurance will investigate and deny.
the auto pilot turns off seconds before a crash
Well shit.
