Maybe a bit cooler, what with the rain and thunderstorms and all… yesterday was hot and muggy, and bright sun until afternoon. The sky got a bit overcast, and by 5:30 the storm was rolling in. Temps dropped into the low 70s and the wind was whipping around. Parts of town got hammered, but here at the house we only got about a quarter inch by the gauge. Seemed like more.
Spent the day doing paper work. Finished late last night. Now it’s off to the CPA for tax filing. I also caught up on some other stuff I’d let slide, like renewing some memberships, canceling one of our TiVo boxes, messing around with the linux NVR, and filing paper. Threw a bunch out too.
Of course I took a break to play with the puppy, and the kids gave him a bath. He didn’t care for that much… but it sure gave him the zoomies, just like our other little guy.
There are more and more articles about inflation, and high prices, every day now. We’ve talked before about how quickly Venezuela went from “we might have a problem in a while” to “we are having a problem” to “tasty zebra, tasty rat.” Basically two years, and at no point was there a clear break with the past, so that you could say, “holy cow, it’s time to act.” We’ve also talked about why some people think that couldn’t happen with the US. Assertions don’t make reality though. What would you do differently if you KNEW we were in the first upward part of that curve? How much of that can you do without irrevocable changes? Think hard about doing it. In two years, runaway inflation can take it all, all your retirement savings, all the kids’ college money, all your savings, all of it. I don’t have a crystal ball, but no one else does either, and I don’t want to find myself saying “man, I wish I had just covered that bet, at least a little”.
Gold, durable goods, affordable everyday luxury items. Guns, ammo. Staples, especially ones that people don’t normally have in the cabinet, anything you need for yourself. Food. Repair and maintenance items. First aid and drugs. Those are all traditional good performers in an inflationary time.
Stack it high.
nick