The Economists are Sounding Warning Bells.....

I watch and read a lot of economists, most of these guys are not " Gloom and Doom" people. 

Most are very conservative in what the U.S. Economy is doing.... 

In the last few months, they have changed their tunes, and it isn't just because of the present administration. They were already very concerned in the last two quarters of last year concerning Americans and the US Economy. 

One I listen to, read, is talking about " Economic Chaos." 

And we are not in a poor country compared to the rest of the world. But, we can face changes and how we live. 

It is time to be conservative with your lifestyle. 

It is time to seriously pay off debt. Don't be buying stuff just because it is a shiny new toy. It might be time to as I said, pay off debt. 

Might want to wait on that new car. Wait on buying that new house. If you buy a new car, you might want to look at a lower trim level. 

Say what you want, wages in this country have not increased. Prices have. 

I am going to talk about tariffs in coming blogs. And while some are you are saying the that it is good that manufacturing might be coming back to America, I don't think you know how long it'll take to come back. Literally, decades. It took decades to get us here, and decades to get back. 

America at this people is a consumer nation. Other nations send us their products and we send them a paper promise, and those nations are good with it. Literally, happy with it. 

We will at some point talk about the Cantillion Theory....Richard Cantillion, 1680s to 1734, Irish/British Economist-

Cantillon held that market prices are not immediately decided by intrinsic value, but are derived from supply and demand. He considered market prices to be derived by comparing supply, the quantity of a particular good in a particular market, to demand, the quantity of money brought to be exchanged.

 

I know Subaru has sent memos to dealers not to take orders on their cars.

 

And most Subaru dealerships have almost sold out of Outbacks, Forresters for fear of tariffs. Never mind Outbacks are made in Indiana. ( Not the Crosstrex the crossover Subie. And smaller car. Part of that is no incentives on Crosstrex.)  

 

Also, in America, we don't have manpower to build stuff, Gen Z, Gen A, well, babies to man the plants in the future, are just not there. And as a former student of mine wrote me yesterday, he has a small business. Gen Z, those under 30 just don't want to work hard. And don't be telling me how hard your son " Little Johnny" works, there are always outliers. 

I'm going to tell you stuff you just don't want to do, and the average American, well, they are just not going to do it.....Literally, buy that shiny new object today, with huge interest rates. And wonder why they can never get ahead...Why they live paycheck to paycheck.....

Hang-on folks, I may get ugly here in the next few blogs.