Topic: The Economy is Going to Implode

[patentlymn]

Well, Build Back with Bolshevikism was never about economic success and happiness of citizens...

https://www.thegatewaypundit.com/2024/07/gigantic-retailer-closing-doors-559-stores-across-america/

That is depressing.
Also check out FB marketplace some time. Old folks (like me) are selling lots of stuff as they downsize. Esp camping stuff, tools, even RVs.

[patentlymn]

Well, Build Back with Bolshevikism was never about economic success and happiness of citizens...

https://www.thegatewaypundit.com/2024/07/gigantic-retailer-closing-doors-559-stores-across-america/

That is depressing.
Also check out FB marketplace some time. Old folks (like me) are selling lots of stuff as they downsize. Esp camping stuff, tools, even RVs.

What I meant was that some things are not likely to sell any more new. see also used sailboats.

[Libertas]

Well, Build Back with Bolshevikism was never about economic success and happiness of citizens...

https://www.thegatewaypundit.com/2024/07/gigantic-retailer-closing-doors-559-stores-across-america/

That is depressing.
Also check out FB marketplace some time. Old folks (like me) are selling lots of stuff as they downsize. Esp camping stuff, tools, even RVs.

What I meant was that some things are not likely to sell any more new. see also used sailboats.

I get it.  Just another sign of strapped people looking for more affordable options...

It's like the Obamavilles and Bidenvilles the presstititutes like to ignore...in their diseased thinking if it is not talked about it doesn't exist...and they think that gives them the green light to lie to people and tell them the economy has never been better...

[Libertas]

https://www.zerohedge.com/economics/adp-employment-report-weakest-january-wage-inflation-slows

Small business, the backbone of America....suffering the most...

[patentlymn]

I was looking for an example of  cheap tools for sale but came across this first. A real classic camp stove.
https://www.facebook.com/marketplace/item/488429350755348

Here is an example that seems like an OK deal. 4 milwaukee tools plus charger and batteries now $350. Prices usually drop after not selling for a while.
https://www.facebook.com/marketplace/item/471388985687117/?ref=search&referral_code=null&referral_story_type=post&tracking=browse_serp%3Acaae2577-248b-4cd7-83a9-7b634db6fe95&__tn__=!%3AD

[Libertas]

Don't belong to Zuckerberg's nefarious commie club...so links are dead to me...

[patentlymn]

Sorry

Maybe photo links work?

$150

[Libertas]

Hmm, lot a stuff for $350

[patentlymn]

If the photos work, here is the Svea 123 Swedish camp stove that nests into one tiny piece. $30


The set above is $150.
The set below is $350 and likely to fall in price.

[Libertas]

Yeah, a decent camp stove can run anywhere from a cheapy $45 + fuel to $180 for decent ones...

But, Svea not in business anymore and does Coleman still sell naphtha fuel that thing can use?

[patentlymn]

Yeah, a decent camp stove can run anywhere from a cheapy $45 + fuel to $180 for decent ones...

But, Svea not in business anymore and does Coleman still sell naphtha fuel that thing can use?

The Svea stove is a classic and likely lasts forever. There is also an aluminum cook kit that can go with it and take the place of the small sup/pot. You can still buy the white gas which keeps for a long time, at least 5 years as I recall. You have to be careful with the stove as it can spill and roars and could burn down a tent if not careful.

It roars and glows orange red.
https://youtu.be/Tyh_G98Nt74?t=140

One of my favorite stoves is the cheapest. The esbit stove.. I used to carry a wad of thick Al foil as a wind screen.
https://youtu.be/Az0hp6yZJpw?t=95

[patentlymn]

Don't belong to Zuckerberg's nefarious commie club...so links are dead to me...

I never liked FB but used it once per year or so as relatives sometimes did. People recently kept telling me that buying and selling has mostly gone from craigslist to FB marketplace, which is true. So now I log in more often. I want to sell some stuff.

Old pharts like me are dumping stuff cheap. Even sailboats and RVs seem cheap to me.

[Libertas]

Don't belong to Zuckerberg's nefarious commie club...so links are dead to me...

I never liked FB but used it once per year or so as relatives sometimes did. People recently kept telling me that buying and selling has mostly gone from craigslist to FB marketplace, which is true. So now I log in more often. I want to sell some stuff.

Old pharts like me are dumping stuff cheap. Even sailboats and RVs seem cheap to me.

I let my sister fall on that grenade...she can be the broker!   

New jobless claims number looks like pooh - https://www.zerohedge.com/personal-finance/initial-jobless-claims-surge-12-month-highs

The Biden-Harris destrruction continues...

[paulh]

Yet today I got an estimate cola from the VA--2.65%

[Libertas]

Ahh, what a lovely morning...  The smell of fear and panic in the air as the always-been-part-of-the-FJB-economic-plan sees more destruction ripple through the nation...

RECESSION!

The plunge yesterday continues into today with crap non-farm payroll, hourly earnings, unemployment, work week and factory order data crapping...

10YrT down...

VIX up...

Gold up...

https://www.zerohedge.com/markets/stocks-crude-bond-yields-plunge-growth-scare-sparks-surge-rate-cut-hopes

Sahm Rule breached -

But while we have long known that the real payrolls number is far worse than reported, what was the true shock in today's "data" is the long overdue admission that the US is effectively in a recession because as the rule named for pro-Biden/Kamala socialist Cluadia Sahm indicates, a recession has now been triggered. The rule, for those who don't remember is that a recession is effectively already underway if the unemployment rate (based on a three-month moving average) rises by half a percentage point from its low of the past year. And that's what just happened, with the unemployment rate surging 0.6% from the year's low.

https://www.zerohedge.com/markets/recession-triggered-payrolls-miss-huge-just-114k-unemployment-rate-jump-activates-sahm-rule

As Kamala Harris once said on a different (more stupid) topic...can now be applied to the Biden-Harris economy - the is not going to be a Merry Christmas this year...

OK, gotta run, see if there is any bargain shopping opportunities...

[ToddF]

Oil and gasoline plunging.  Oil now down in the low 70's, the lowest I've seen it in awhile.

[Libertas]

Can't wait to see what happens as the credit squeezed get laid off in droves...

H/T-GP

Please thank the Biden-Harris regime!

[Libertas]

Some brokerages reporting access issues for investors on a day when the market is puking harder than last week...

https://finviz.com/

Coincidence?

Yeah...right.

“The Council” and everyone and everything that emanates from them, has controlled the United States for the past fifty years for the purpose of extracting our nation’s wealth.

[Libertas]

Access to Schwab and I think Vanguard are back up for folks...no news on Fidelity...

In other news...

https://www.thegatewaypundit.com/2024/08/after-145-years-california-oil-giant-chevron-is/

Good, GTFO!   

Anybody ask Heels-Up Harris if Bidenomics still makes her proud?

https://twitter.com/i/status/1820457755322298405

 

She just hired FJB's failure of a chief econ advisor (Sperling) - https://www.thegatewaypundit.com/2024/08/bidens-senior-economic-advisor-resigns-after-market-crash/

Looks like a double-down on stupid!!!

 

And for idiots who believe her obvious lie of a flip-flop on fracking or crypto...there is a bridge in Brooklyn she has for ya too!   

[Libertas]

X says goodbye to San Franfeces...

https://www.zerohedge.com/markets/impossible-operate-musk-confirms-report-x-closing-san-francisco-office

Can't believe nobody ask if he was going to miss that sh*t?