Hello all:
My uncle is a professional ecomomist, his advice for large purchases, i.e. truck brand tool boxes, automobiles, any RV equipment, etc....etc....is to wait for the upcoming "crash"
The economy cannot sustain the high prices of these items, the cost of necessary commodities, will soon leave us with vitually nothing to spend on non-essential items. This down slope economy and ultra high food and fuel commodities, etc.....will force most consumers to restrict spending.
The large corporations like truck tool companies, auto manufacturers, electronics, RV/ motorcycle. and certain retail segments, won't to able to keep their heads above water, and will cut prices to the bare minimum, just to move inventory.
There will also be a big burst of private good deals, as desperate overdrawn consumers, sell valuable goods, just to heat, and feed their homes.
Anyone looking to make any large purchase, would be wise to wait, in the next 6 months to 4 years, it will become a real buyers market, for anyone who has any money to spend.
I have already seen Sears offering 2K tool boxes for half that, etc........Rebates on say new trucks will reach 10 to 12K, especially for GM. At the same time commodities will soar, and the weakened USA dollar will bring about all time low deals at the peak of recession/more like depression.
Be patient, for alot of us, our dream tool boxes, etc...............will be coming ALOT cheaper soon.
The above is not my opinion, but a economist's forecast, who has been right so far.
This thead was about purchases only, please don't bring the political portion of the economy into play. We should post these upcoming deals, as we see them. I for one think my uncle is right.
happy hunting
My uncle is a professional ecomomist, his advice for large purchases, i.e. truck brand tool boxes, automobiles, any RV equipment, etc....etc....is to wait for the upcoming "crash"
The economy cannot sustain the high prices of these items, the cost of necessary commodities, will soon leave us with vitually nothing to spend on non-essential items. This down slope economy and ultra high food and fuel commodities, etc.....will force most consumers to restrict spending.
The large corporations like truck tool companies, auto manufacturers, electronics, RV/ motorcycle. and certain retail segments, won't to able to keep their heads above water, and will cut prices to the bare minimum, just to move inventory.
There will also be a big burst of private good deals, as desperate overdrawn consumers, sell valuable goods, just to heat, and feed their homes.
Anyone looking to make any large purchase, would be wise to wait, in the next 6 months to 4 years, it will become a real buyers market, for anyone who has any money to spend.
I have already seen Sears offering 2K tool boxes for half that, etc........Rebates on say new trucks will reach 10 to 12K, especially for GM. At the same time commodities will soar, and the weakened USA dollar will bring about all time low deals at the peak of recession/more like depression.
Be patient, for alot of us, our dream tool boxes, etc...............will be coming ALOT cheaper soon.
The above is not my opinion, but a economist's forecast, who has been right so far.
This thead was about purchases only, please don't bring the political portion of the economy into play. We should post these upcoming deals, as we see them. I for one think my uncle is right.
happy hunting
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