Gold is down hella much, I heard the guy in front of me tell Lily, the weighmaster at the scrapyard. “That means copper will be too,” he said.
Gold and copper, they are commodities. Tangible chunks of useful things. Commodities are down. Because consumer’s aren’t buying as much, again. When we don’t buy stuff, things don’t get made, so we don’t need gold and copper.
Keep shopping seems to be the cure. And if we won’t shop, the feds lower interest rates, so it’s cheap to borrow money to buy a house. Buying houses makes people go shop, because no one wants to live in the same color house as the people before them.
Would you watch a home NO improvement show? Where people find a house and learn to love it just the way it is? No. You wouldn’t.
People who run numbers tell me that it adds up to a second recession. A global one. A recession where Germany can’t afford to bail out Greece, and the eurozone falls apart, maybe.
Mac doesn’t worry about this stuff. He had a dip in and drank a packet of bbq sauce. He’s worried about people around him not laughing. Or reacting. His lips will have a brown ring of dip juice and he’s spitting into a coffee cup as we drive around. He will smoke with a dip in. He’ll drink milk with a dip in. I’m not saying he’s dumb, I’m saying he is not concerned with the bigger picture. Really, what good does it do to read the numbers every night? If the S&P shaves 5%, should he care? If his wages won’t increase if the S&P increases 40%, why should he?
He owned a house, a truck and Harley 10 years ago. Then construction starts fell, then he lost his job, then he lost his house and his truck. He kept the Harley for a while. He had a lot of free time so he decided he’d be a Big Brother to some kid.
“I rolled up on my Harley and the lady interviewing me asked me if I had a car. I didn’t even think about it being a problem rolling a kid around on my bike.”
“I needed someone to show me how to use app’s and stuff, and I thought it’d be cool to teach a kid about pussy. A win win situation, but the Harley was a deal breaker.”
So Mac wasn’t to be a Big Brother, and he had to sell his bike soon enough. I sold him a ten speed about three months ago, and now he works for me.
Long story short, buying when everyone else is buying isn’t a good time to buy. There’s no way to glean that from this story, but it’s something I believe.