Tariff panic….. thoughts? Guns, optics, and accessories.

[pacoalcracker]

Well, it took 50 years to gut the middle class and make them lower class while the 2%ers got richer off of it. More billionaires adjusted for inflation, made in the past 30 years than the previous 220 years. Who paid for that? The middle class did. My mom never had to work and my dad had a decent job and easily raised 6 kids in the 60's and 70's. The family lived comfortably. In no way, shape or form could you do that for say. the past 35 years. Not only do you now have both parents working, but more than likely at least one has multiple jobs....and I'm talking decent jobs too. It took 50 years to get here, don't expect it to be corrected in 10 or even 20 years. However, someone has to get a start in the right direction regardless of how painful it may be....if we don't the pain will be 10x worse in the coming 5-10 years. Pick your poison.

 

[chanson_roland]

I'd hold off on buying anything. Already, Dow Futures is forecasting another 1500-point drop on Monday. Manufacturers who try to increase prices will be met with people not buying anything.

That should lead to medium-term price drops as those manufacturers slash prices to stay in business.

That's the buying opportunity, IMO.

Memorial Day sales should be something to behold if you do need to stock up on anything.

 

[thinhorn_AK]

People should be panicking. We’re in for a decade of shit before things get better. Hopefully I’m wrong but it isn’t likely.

Lots of small business will likely shut down when they can’t make sales due to having to pass on tariff prices to the consumers.

 

[Swamp Fox]

I'd hold off on buying anything. Already, Dow Futures is forecasting another 1500-point drop on Monday. Manufacturers who try to increase prices will be met with people not buying anything.

That should lead to medium-term price drops as those manufacturers slash prices to stay in business.

That's the buying opportunity, IMO.

Memorial Day sales should be something to behold if you do need to stock up on anything.

Some soon-to-come price increases are already baked in, regardless of the tariff situation. Yes, sellers will be motivated to make deals here and there, especially if they are already hurting from a slow-down.

However, the pressures going forward are not in the buyers' favor.

Funny thing: They're not in the sellers' favor, either.

 

[pacoalcracker]

thinhorn, im not so sure. the GFC was way worse and it only took 6 years to get back to where you were and thats been the worse setback we have had in over 40 years. almost 200 years of history in stocks have shown that when stocks fall this fast, it usually gets resolved fairly quickly...as in a few months, rather than many years. outside of the GFC, every bear market in over 40 years resolved itself in 6-9 months and markets were on the mend again. the BM of 2020 and BM of 2022 are great examples of this.

NO, people should NOT be panicking. If you want to find a remote Alaskan cabin to hole up in, great...huddle in your blankey. Don't come here pushing bullshit.

 

[pacoalcracker]

thinhorn, a 10% tariff equates to about 1.5% when it's all said and done to the consumer. please, do some research and save yourself the heart attack.

 

[displacedtexan]

We’re so used to high inflation, maybe this inflation won’t feel any different.

Who knows if the tariffs will even stick. If new prices go up, my old junk will be worth more.

I want to call you insane.

But agreed.

 

[wyosam]

Well, it took 50 years to gut the middle class and make them lower class while the 2%ers got richer off of it. More billionaires adjusted for inflation, made in the past 30 years than the previous 220 years. Who paid for that? The middle class did. My mom never had to work and my dad had a decent job and easily raised 6 kids in the 60's and 70's. The family lived comfortably. In no way, shape or form could you do that for say. the past 35 years. Not only do you now have both parents working, but more than likely at least one has multiple jobs....and I'm talking decent jobs too. It took 50 years to get here, don't expect it to be corrected in 10 or even 20 years. However, someone has to get a start in the right direction regardless of how painful it may be....if we don't the pain will be 10x worse in the coming 5-10 years. Pick your poison.

Part of that is there is a lot more junk we buy and pay for. If you act as a 1950’s consumer, and aren’t paying for cell phones, home internet, a whole pile of random subscriptions, a $5 coffee here and there, eat food that is prepared at home, etc a single income becomes a lot more reasonable. I know nurses (and others) that do it, though they tend to work a lot of overtime to make it work. It can be done, but it takes a level of sacrifice that few have the stomach for.


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[Marbles]

thinhorn, im not so sure. the GFC was way worse and it only took 6 years to get back to where you were and thats been the worse setback we have had in over 40 years. almost 200 years of history in stocks have shown that when stocks fall this fast, it usually gets resolved fairly quickly...as in a few months, rather than many years. outside of the GFC, every bear market in over 40 years resolved itself in 6-9 months and markets were on the mend again. the BM of 2020 and BM of 2022 are great examples of this.

NO, people should NOT be panicking. If you want to find a remote Alaskan cabin to hole up in, great...huddle in your blankey. Don't come here pushing bullshit.

Do you think the only history that matters is the past 40 years? Can we safely conclude WWIII is impossible and we do not have to work to avoid it?

We will see what happens, but pretending 40 years is a reliable cristal ball is, well nevermind.

Part of that is there is a lot more junk we buy and pay for. If you act as a 1950’s consumer, and aren’t paying for cell phones, home internet, a whole pile of random subscriptions, a $5 coffee here and there, eat food that is prepared at home, etc a single income becomes a lot more reasonable. I know nurses (and others) that do it, though they tend to work a lot of overtime to make it work. It can be done, but it takes a level of sacrifice that few have the stomach for.

Yep. Smaller homes, only one vehicle for the whole family, appliances were largely luxury items rather than standard.

 

[mostlybirch]

Now that the world market has reacted exactly like was predicted from these trade policies, the official word is that recession, high prices, stagflation, etc, are all symptoms of things getting on the right track. Trust us, in 5-10 years all the shoe factories will be back stateside and it will all be worth it.

Back to the topic at hand, truly nobody has a reliable answer on whether the prices today, especially on guns and optics, will be better worse than in a month, 6 months, or 10 years. All we know for certain, is that it is uncertain.

 

[fngTony]

We just had a very similar thread about this. locking this one before it goes south too.