Article

2024-02-05 Economy

We are in a depression and do not even know it

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Posted by Besoeker 2024-02-05 02:42|| || Front Page|| [11131 views ] Top

#1 It's Russia's Putin and the replacement people damn it! They've caused this depression, not Washington.

(sarc off)

Posted by Besoeker 2024-02-05 02:49|| 2024-02-05 02:49|| Front Page Top

#2 Yeah, Ah'm pretty fucking depressed.

Posted by Skidmark 2024-02-05 08:29|| 2024-02-05 08:29|| Front Page Top

#3 ...Respectfully, I disagree, and let me explain why.

One of our customers is a very well known (regionally) maker of boat trailers and pontoon boats. I have explained and shown to our leadership that these folks are our 'canary in the coal mine' - if people are still buying boat trailers (and by extension, boats) then the economy is still moving along. When the boat trailers slow down - or worse, stop - then you can know things are getting tough.

So far we're still knocking out boat trailers at a pretty good clip.

Mike

Posted by MikeKozlowski 2024-02-05 09:23|| 2024-02-05 09:23|| Front Page Top

#4 Buyers believing in the global warming ice melt?

Posted by Skidmark 2024-02-05 09:33|| 2024-02-05 09:33|| Front Page Top

#5
#4 Buyers believing in the global warming ice melt?
Posted by: Skidmark 2024-02-05 09:33

Skid,

You know...I hadn't thought of that. ;)

Mike

Posted by MikeKozlowski 2024-02-05 10:16|| 2024-02-05 10:16|| Front Page Top

#6 The last paragraph of this piece is using the M2 figures for the money supply. The St L Federal Reserve is the source.

The M1 money supply has contracted a bit faster.

It certainly has a long way yet to go.

However, what the piece doesn't mention is that a yuuge increase in the money supply occurred in 2020 during the shut down of much of the economy due to the COVID restrictions. There was about 1 $12T increase in M2 between March and August 2020.

Posted by lord garth 2024-02-05 11:02|| 2024-02-05 11:02|| Front Page Top

#7 I second Skid's opinion in #2.

Posted by Bobby 2024-02-05 14:05|| 2024-02-05 14:05|| Front Page Top

#8 MikeK, maybe the sales of boat trailers etc. is up because inflation is encouraging people to move their liquid assets into things with real underlying value

Posted by Glenmore 2024-02-05 14:52|| 2024-02-05 14:52|| Front Page Top

#9 Boats will be very valuable if the SHTF. You get far enough offshore and you can fuggetaboutit.

Posted by Abu Laptop (same as Abu Uluque but on a different computer.) 2024-02-05 16:37|| 2024-02-05 16:37|| Front Page Top

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