Does the United States have a spending problem? Obviously, but I really wanted to talk about how the cost of living crisis is presenting itself in your community. That relates to this article because you can’t squeeze blood from a stone. If all of you have no disposable income, no savings, and a job market that can’t support your current cost of living… What happens if you lose your job? Do you default on loan obligations along with America because we are stretched to the edge. Should we vote in members of congress to pass more tax breaks for private jets?Are mods whack? Let me know in the comments.
Man I’ve been praying for the cannabis industry to churn out its weak hands, but I feel like the weak hands sitting on the sidelines. I know a lot of these places are propped up by investors and can afford to run at a loss, but they’ve been doing it for years now. I tucked tail and ran when the margins compressed enough to make me worry about overhead. they held right through negative margins.
I agree there’s nothing better than a nice economic crisis to open up opportunities. I don’t think those opportunities are as lucrative now with liquidity behind big investors. I’ve lost a lot of faith in the system over the past few years. It’s sounds like you’re a small business person so you already know the drill. We’re going to operate a business for the love of the game. We’re not playing a fair game right now. It feels like fighting for scraps with the odds stacked against you. More than the usual amount lol.
The overhead killed me in the cannabis industry so I’m allergic to it. Having limited means of cost control was the death blow. I’d agree brick and mortar is on its death bed. I sold a large portfolio of light industrial/commercial mixed properties for pennies on the dollar a while back. Do not regret that at all. I’m in no danger of running out of money in the near term. I can be picky about taking jobs, and I am. But I still apply and interview for just about everything I can and its really just grim out there. I’ve got a decent resume. I’ll have my business up and running again eventually, but I still won’t feel good about the economy we’re leaving for the next generations. Some poor kid out of college shouldn’t have to compete with me undercutting him on the way to underpaid entry level work.
Between me and you I sold a Tesla put spread this week, $1400 risk, $400 reward which is more money than I can make actually working. Risking $1400 on Tesla puts should not be more lucrative than 20 hours of labor. It’s not a good economic system.
Valid