Replying to Avatar gojiberra

It's such a difficult question. A friend wants to start a food truck business, but seems to me that some prices for restaurant food is actually falling here in my city as consumers cut back.

we know that M2 is going to skyrocket. I'm afraid he will be stuck selling food at basement prices while inflation-reacting assets will make a food truck investment look silly.

But how long should one delay making investments in actual productive things while hedging into Bitcoin.
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The Beave 1y ago

I would never start a food truck business in the best of times unless you are in a community that is mostly BTC based, or at least silver/gold based. Anything other than fiat.

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gojiberra 1y ago

That is a great point. It seems like the worst part of the rate cutting cycle to make an investment. Deflation in salaries and profit margins on one side while inflation on desirable assets

Knowledge workers working for the man with no capital outlays right now are where it's at. Some people don't like to hear that, "just suck it up and work in a cubicle a little longer". Keep that business idea just an idea for a little longer.

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The Beave 1y ago

Yes, but also the opposite:

Stuff still needs to be built and fixed, and you can't do that remotely.

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Diacone Frost 1y ago

In my country, we have almost 0 unemployment. Really, ppl not working here either are unable or don't want to.

Our problem is consumer spending. Nobody spends. We are cautious and waiting.

Funny thing is that the state can't "invest" because there's no one who could do whatever they decided to build. The only thing they can do, is to raise salaries for public sector (which is a lot of people here).

🍿

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The Beave 1y ago

What an interesting dynamic.