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In reply to the discussion: We're about 12-13 months away from a long term economic decline. [View all]crimycarny
(1,669 posts)28. Agree! Make big purchases now.
Thats about the timeframe Im assuming, though it could be sooner obviously. In my familys case we need a new(er) car as all of our cars have over 200K miles. Told my husband we need to make this purchase soon. Weve always planned on buying a used car, not new, but I predict used cars will go up as newer carsalready ridiculously high in pricewill get even worse under Trump. Especially if he puts in his tariffs.
Same with appliances and other large purchases. If you have an old refrigerator, washer, dryer that will soon need replacing, get it sooner rather than later.
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Already preparing. Starting to cut back on big expenses/big ticket items (not that I really have any now), and
SWBTATTReg
Nov 19
#3
THIS !!! Great time to sit in bonds, I'm at the age I can miss a 10% up vs take a 10% dip but at 5% bond returns I'd can
uponit7771
Nov 19
#12
He can activate the tariffs and start the deportations on January 20. We'll feel the effects within a few weeks.
LonePirate
Nov 19
#13
I've heard Norm Ormstein estimate the collapse would being within 3-6 months. (nt)
Earthrise
Nov 19
#14
Tariffs and also undocumented laborers return to their countries to avoid being violently removed?
Earthrise
Nov 19
#17
Retail sales are already slowing down at an upscale mall I work part time at,
Freethinker65
Nov 19
#32