Banks are estimating 65% odds, people are dumping us Treasury bonds, there is reporting of a purposeful weakening of the dollar, and I’m seeing the first price hikes enacted. Any suggestions for how to prepare for the shitstorm that’s coming?
Banks are estimating 65% odds, people are dumping us Treasury bonds, there is reporting of a purposeful weakening of the dollar, and I’m seeing the first price hikes enacted. Any suggestions for how to prepare for the shitstorm that’s coming?
The only thing I did recently was buy a replacement device for one I had that was crapping the bed and would need to be purchased soon anyways, but decided to buy something now before it completely died just in case prices sharply rose in the next few months.
Other than that, nothing really. I am putting away as much money as I can in savings, avoiding large purchases/being generally frugal, and taking good care of my things so they last as long as possible. Life’s not perfect, but I’m making as soft a cushion as possible in case things do get worse.
Not to say the future is set in stone or that we shouldn’t be worried, but even the Great Depression only lasted about a decade, and it’s still crazy to me just how quickly the last one went by. I have a place to live, enough money put away that I could probably last it out that long one way or another if I was laid off tomorrow, and a generally supportive community around me where people look out for one another.
But I’m lucky, I know not everyone else can say the same, so I hope you’re all doing alright out there.