Debasement concerns?

[Finance Dave]

Thanks everyone for comments.

From a macro level, I just can't imagine this (overspending) can go on forever, and there will have to be a reckoning. Don't know if that will be 6 months or 6 years from now, so trying to time it or figure out what to do about it is not easy.

 

[Koolau]

Thanks everyone for comments.

From a macro level, I just can't imagine this (overspending) can go on forever, and there will have to be a reckoning. Don't know if that will be 6 months or 6 years from now, so trying to time it or figure out what to do about it is not easy.

I agree it's not easy to predict when it will all hit the fan. There's no point worrying about it, but I do at least attempt to plan for it to some extent.

 

[Spock]

when it comes to buying fire extinguishers: "Better to be 5 years early than 5 minutes late"

 

[Finance Dave]

LOL Spock...speaking of fire extinguishers...

We currently have 4 in our house. 1 in garage, 1 in woodshop, and two elsewhere. I've never had them checked for whether they would still work...and I'm sure their all at least 12 years old. I think when we move to our new home next year, I'll discard them and buy all new ones.

 

[copyright1997reloaded]

Thanks everyone for comments.

From a macro level, I just can't imagine this (overspending) can go on forever, and there will have to be a reckoning. Don't know if that will be 6 months or 6 years from now, so trying to time it or figure out what to do about it is not easy.

or 60 years from now. That's the rub, as Keynes said: "markets can remain irrational longer than you can remain solvent".

 

[Koolau]

LOL Spock...speaking of fire extinguishers...

We currently have 4 in our house. 1 in garage, 1 in woodshop, and two elsewhere. I've never had them checked for whether they would still work...and I'm sure their all at least 12 years old. I think when we move to our new home next year, I'll discard them and buy all new ones.

A good friend of mine ran a business where mostly he checked fire extinguishers at businesses. For CO2, it was simple to check the seal and pressure. For powder filled units, every year he would use a rubber hammer to beat on the sides of each unit several times to insure that the powder would still flow. He did say that powder type extinguishers had a shelf life (I'm thinking 10 years but I could be wrong). I do know he would take 5 year old (I think) extinguishers to the shop, empty them and refill with new powder and new charge. "Walmart/Home Depot" types were the ones he suggested throwing away and replacing every (I think) 10 years but I could be wrong on that. Check with your local FD.