How would a Recession affect your LRH spending?

[Varmint Hunter]

I'd probably stop the high dollar stuff like building/buying rifles and would put rebarreling on hold for a while. Other than that, I might start shooting less expensive bullets and might even get to enjoy my 22 rimfire rifles a bit more.

Let's hope things don't get any worse.

 

[Deleted member 107666]

We're already in one

 

[K.E.C. Darkside]

We're already in one

What he said ^^^^^. I thought we have been in a recession since COVID. IMO.

 

[Taylorbok]

What he said ^^^^^. I thought we have been in a recession since COVID. IMO.

Covid boosted my income...

 

[Deleted member 107666]

Covid boosted my income...

And you just identified the root cause of the recession. Gov't printing money to supplement business/individuals during the lockdowns.

Maybe not your exact case, but PPP and stimulus money was a prime driver of inflation.

 

[LVJ76]

It hasn't, and I believe it won't affect me or make me cut down shooting. I'm still pretty well stocked and plan on staying like that. Purchasing a little here and there so my inventory stays where I like it.

 

[JimFromTN]

And you just identified the root cause of the recession. Gov't printing money to supplement business/individuals during the lockdowns.

Maybe not your exact case, but PPP and stimulus money was a prime driver of inflation.

You are assuming that the reason his income was boosted was because of government handouts. That may not be the case. Actually, my income increased as a result as well. I received no government money and neither did my company. My income increased because my company let us work remote and as a result I am not spending money on gas and I am not eating out anymore. I have an extra $150 a week in my pocket as a result of covid and honestly I am allot happier working remote.

You are correct in that the government handouts helped cause the inflation but not because they were printing money but rather they were putting money in people's pockets and they were spending it and supply could not keep up with demand.

 

[Deleted member 107666]

You are assuming that the reason his income was boosted was because of government handouts. That may not be the case. Actually, my income increased as a result as well. I received no government money and neither did my company. My income increased because my company let us work remote and as a result I am not spending money on gas and I am not eating out anymore. I have an extra $150 a week in my pocket as a result of covid and honestly I am allot happier working remote.

You are correct in that the government handouts helped cause the inflation but not because they were printing money but rather they were putting money in people's pockets and they were spending it and supply could not keep up with demand.

I didn't assume that, don't put words in my mouth. Read again Jim...my exact words... "Maybe not your exact case, but PPP and stimulus money was a prime driver of inflation".

 

[Taylorbok]

And you just identified the root cause of the recession. Gov't printing money to supplement business/individuals during the lockdowns.

Maybe not your exact case, but PPP and stimulus money was a prime driver of inflation.

I didn't receive any stimulus from Covid, I do believe it played a role in our customers having disposable cash along side with being "trapped" in the country they also were spending more on hobbies since travel was limited.

 

[Deleted member 107666]

You are assuming that the reason his income was boosted was because of government handouts. That may not be the case. Actually, my income increased as a result as well. I received no government money and neither did my company. My income increased because my company let us work remote and as a result I am not spending money on gas and I am not eating out anymore. I have an extra $150 a week in my pocket as a result of covid and honestly I am allot happier working remote.

You are correct in that the government handouts helped cause the inflation but not because they were printing money but rather they were putting money in people's pockets and they were spending it and supply could not keep up with demand.

Inflation is absolutely tied to an increase of gov't spending, but it does depend on on how and when that money is spent. Inflation is pretty nuanced, but to say that it is not tied to spending is incorrect.

 

[Jon Bischof]

I'm sure no one wants this thread to devolve into an argument about economics, so let's limit our discussion to how you expect your LRH may be affected. I accept that we are already in a recession and I am also assuming that fuel prices will continue to rise; diesel, gas, heating oil and natural gas. I expect that will cause some inflation of everything else, including almost everything related to our shooting and hunting. I am going to run out of money to spend on nonessentials.

 

[JimFromTN]

I'm sure no one wants this thread to devolve into an argument about economics, so let's limit our discussion to how you expect your LRH may be affected. I accept that we are already in a recession and I am also assuming that fuel prices will continue to rise; diesel, gas, heating oil and natural gas. I expect that will cause some inflation of everything else, including almost everything related to our shooting and hunting.

Ironically, fuel prices are the one thing that is dropping. I was just in town a couple of hours ago and gas was $2.65 a gallon. Woot woot!!!

 

[Jon Bischof]

Ironically, fuel prices are the one thing that is dropping. I was just in town a couple of hours ago and gas was $2.65 a gallon. Woot woot!!!

Any drop in fuel price is a relief; however, I expect that relief to be short lived and by the beginning of the new year, gas prices will rise again. Their are no more strategic reserves that can be drained and pumped into the economy now.

 

[milo-2]

I'm sure no one wants this thread to devolve into an argument about economics, so let's limit our discussion to how you expect your LRH may be affected. I accept that we are already in a recession and I am also assuming that fuel prices will continue to rise; diesel, gas, heating oil and natural gas. I expect that will cause some inflation of everything else, including almost everything related to our shooting and hunting.

I don't spend a lot of money on LRH, or even use the majority of sponsors here. But my gun budget is high and I seem to use it.
If we are in a recession, I doubt my spending would be curbed unless the prices of things I need increase so much that it becomes ridiculous, only then would I curtail my buying. I wasn't going to buy 9mm ammo at 600 per case, but at 350, I am fine.
I came into this crunch stocked well, powders, primers, bullets, brass, etc.... But I decided to sit on it and get into 22LR for a 2+year adventure, I have spent more than 3x on rifles, scopes, and ammo in the last year than I would have if I had stayed the course. I am well over 40K in the last 14 mos buying and shooting 22LR.