It’s the weekend. Time to head up to the Co’s for shopping. (WinCo and CostCo)
I’m pretty well off on food right now so I just ‘top off’ what i’ve used over the previous week, but even if I don’t have more than a handful of items on my shopping list I still take my time and hit every aisle? Why? Because I want to see for myself whats going on in terms of demand, pricing, and availability. Are the natives restless and stripping the stores of toilet paper? Has the price of chicken really gone up as much as the news has warned? Are the strategic canned good disappearing? Are the home canning and food storage items strangely absent? That sort of thing.
I’ve believed for the last twenty years that the apocalypse was going to choose the form of some sort of economic issue…a global depression, massive inflation, or most likely a return to the Carteresque 1970’s. But…thinking ahead….what followed Carter? The great recovery after Reagan took office. And that, mi amigos, was an interesting time to be alive.
Not only do I need to be ready, just in case, for an upcoming economic downturn…I also need to be ready to capitalize on it so that when it finally comes to an end (and they all do, eventually) I can come out the other side stronger than ever.But, of course, the priority is on being able to get through the dang thing first.
What sort of opportunities might arise? Most notably, I’m curious to see what happens to the currently red-hot real estate market. If interest rates ever go back up that might slow down the house buying frenzy and prices might start to drop. And if the interest rates go to where they were during the tail end Carter’s reign, which was somewhere in the 14-16% range, I’d imagine things would really cool down. (BTW, the highest rate I’m seeing was around 18% in 1982 which was one year into Reagans term..by the time he left office, though, it had dropped to 10%.) My house is paid for, so mortgage interest rates only affect me in the sense that they make selling the house easier/harder as buyers demand increases/decreases. But since I’ve no intention of selling, it’s moot. I do, however, have intentions of buying and a 2008 style of real estate crash would really help my plans along.
But, before I can think about using a crisis to my advantage I have to, y’know, make sure it doesn’t leave me as part of the wreckage by the side of the road. So….off to the Co’s.
