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Old 12-28-2019, 07:05 PM
notmyblood notmyblood is offline
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We all buy stuff and some of our stuff we store for emergencies is already not cheap. Any thought of what will happen we we do have a market correction? 10 percent or so is nearly 3k points off of the Dow 30. People going to be out in a panic doing stupid stuff buying whatever they can get. I remember in obummer years the freeze packs being cooked during an emergency or something on tv. Don't see that now.
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Old 12-28-2019, 07:25 PM
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I don't see a buying spree due to a 3000 point drop in the stock market.

Almost all financial panics result in people holding onto their cash.

Only financial crises that would result in people spending money would be the dollar becoming worthless. Everyone would be rushing to convert it into physical assets to trade/preserve their wealth.
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Old 12-28-2019, 08:15 PM
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Prices always go UP. When I moved out of my family's home and started buying my own supplies beans were .39/lb I've been through many minor and one major SHTF, it didn't stop me from prepping. Of course, some people consider $$$ night vision goggles absolutely necessary to call themselves a prepper and others don't.
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Old 12-29-2019, 09:03 AM
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So long as I have a DollarTree nearby, I'm not worried .
IMO, a downward trend is coming 'cause businesses are vying for the "almighty" dollar in order to STAY in business.
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Old 12-29-2019, 02:15 PM
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Quote:
Originally Posted by notmyblood View Post
We all buy stuff and some of our stuff we store for emergencies is already not cheap. Any thought of what will happen we we do have a market correction? 10 percent or so is nearly 3k points off of the Dow 30. People going to be out in a panic doing stupid stuff buying whatever they can get. I remember in obummer years the freeze packs being cooked during an emergency or something on tv. Don't see that now.
People don't generally panic after a 10% correction in the Dow. There was a nearly 20% correction at the end of 2018 and I didn't really notice any change in consumer behavior.
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Old 12-29-2019, 04:21 PM
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People don't generally panic after a 10% correction in the Dow. There was a nearly 20% correction at the end of 2018 and I didn't really notice any change in consumer behavior.
Or panicking is limited to selling stocks. My father in law swears I will never recover from investment loss when Obama was president. Except the losses were under Bush ( ie prior to the Obama inauguration), and the market was back to its highs in 5 years, and is double the previous highs now.

Lots of non stock investors cite past history as drivers for why they donít invest, donít trust stocks, or believe a decline in stock prices is Wall Street stealing money. But it doesnít seem to drive non financial behavior.
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Old 12-29-2019, 04:42 PM
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Pretty much everything's going up.

When a crisis hits (or is known to be about to hit) (snow storms, hurricanes, etc.), that's when "panicked" buying occurs. During/after, prices go up more (supply-demand), even to the point of exhorbotant profiteering (profits vs risk of getting caught/amount fines).
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Old 12-29-2019, 08:32 PM
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This happened with ammo too but then in calmed back down, it was pure supply & demand.

I think the drought in places like CA with almonds, and diseases hitting specific industries (like the citrus biz in FL being hit by greening disease) cause targeted fluctuations to food items as well. GA with the drought a decade ago that raised peanut butter prices.

International issues whether tariffs, competition, sanctions, etc., also affect things.

I don't think market corrections by themselves in one country will create dramatic changes in a globalized world, the changes in prices with inflation in general though happen in much longer trends and thus go unnoticed with little effect to most ppl.

but supply & demand will still rule - if, for example, ppl rush to buy gasoline in a storm stricken electricity-deprived area, it will cause shortage and spike up.
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Old 12-31-2019, 06:20 PM
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Gasoline goes up and down.
Everything else just seems to go up.

They say, though, that deflation is worse.
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Old 01-03-2020, 03:07 PM
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Gasoline goes up and down.
Everything else just seems to go up.

They say, though, that deflation is worse.
Watch for rising crude oil / gasoline prices now that the political situation in the Middle East is heating up once again. I'm topping out my tank this weekend before the gas stations have a chance to raise prices.
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Old 01-08-2020, 07:15 PM
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Yep. It's an industry now, but the availability of products is enormous.
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Old 01-09-2020, 03:05 AM
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Does this mean it is time to panic?
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Old 01-09-2020, 07:47 PM
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^panic early, avoid the rush


Sent from my iPhone using Tapatalk
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Old 01-10-2020, 05:14 AM
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Would there be any interest in a Prepper Price Index? I can probably construct one using subcategory data from the Bureau of Labor's Consumer Price Index report, although the report lumps some prepper items like ammo into larger categories.
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Old 01-13-2020, 03:41 PM
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you gotta remember, the stock market is not the real economy
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Old 01-16-2020, 10:45 AM
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ALWAYS try to buy things on sale.
Your local grocer and supermarket often have sale prices that are much better than Costco's bulk deals (never been in a Sam's club).
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Old 01-24-2020, 08:22 AM
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it looks like now is the time to buy pig meat of all types..........so many have been killed this year...in the spring and summer it will cost more
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