patrick.net

Stock market cratering faster than a Ukorps bunker under Russian rockets.

The W5000 is down 25.48% since January.

I have my fingers crossed for a bounce after November.

I guess I might not owe as much tax this year.

I don't know many happy people except those who work in healthcare.

Our margin is still large before any acute panic over lifestyle begins. We're so used to scraping by, anyway, that we find it hard to spend anything like real money by California standards.

This winter might be a good time to consider buying an additional house if RE craters, but where? is the big issue. Gamble that California will come its senses, or a bugout place in a sane state?

Maybe a duplex in Carson City, NV, rent out half and keep half for us as an Armageddon refuge. We'd just have to make it over the mountain range. NV was the first serious voter fraud state to install Soros fecal impaction progressives, but there is agitation there and apparently Democrats are switching parties in large numbers. I guess the mining billionaires decided they weren't going to stand for the KommieKunt stuff.

clambo says

I don't know many happy people except those who work in healthcare.

Healthcare consumes an ever larger chunk of the economy, now about 20%, twice as high as the next more profligate country.

Soon all jobs will be in healthcare. There will be nothing else.

Patrick says

Healthcare consumes an ever larger chunk of the economy, now about 20%

A large segment (Baby Boomer) of population is now aging and requiring regular healthcare. This is driving a lot of that, as Larry Sabato says "demographics is destiny".

I remember back in 2005 about 15% of the economy was healthcare. One of the reasons I've been invested in Vanguard healthcare fund since 1993. Also, I wonder how much of that 20% also is for COVID money like payouts to big pharma.

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Patrick says

Soon all jobs will be in healthcare. There will be nothing else.

30,000 Nurses short right now in Florida, will be 60k in 10 years. Not even the worst state for the shortage - that's California, 50k nurses short. Don't get sick there. Why?

The Hospital and Nursing Home Lobby has spent the past 30 years reducing the number of nurses per patient, there's no more give. Mandatory overtime is the norm in most places. It's already normal for a Critical Care Nurse, in the ICU, to oversee 4 patients instead of 2 - these are people who had massive heart attacks or were horribly mangled in a car accident in the past 24 hours, not just Uncle Al recovering from a stint or a bad bout of pneumonia.

1/2 of all US Nurses (LPN and RN) are over 50 years old. By 2030, 1/3 of all RNs will hit 65 and retire. Most states require 2-4 years to obtain an RN license, depending on prior experience and coursework (ie being an LPN first means mostly only coursework for 2 years)

On top of it all, the population is aging rapidly and the Boomers are fatter and sicker than their parent's generation. Those who made it to 60 now will live longer, but need more care.

Ceffer says

Our margin is still large before any acute panic over lifestyle begins. We're so used to scraping by, anyway, that we find it hard to spend anything like real money by California standards.

This winter might be a good time to consider buying an additional house if RE craters, but where? is the big issue. Gamble that California will come its senses, or a bugout place in a sane state?

Maybe a duplex in Carson City, NV, rent out half and keep half for us as an Armageddon refuge. We'd just have to make it over the mountain range. NV was the first serious voter fraud state to install Soros fecal impaction progressives, but there is agitation there and apparently Democrats are switching parties in large numbers. I guess the mining billionaires decided they weren't going to stand for the KommieKunt stuff.

i bought our SHTF place in east Idaho, but the way things are going I think Idaho turns into Oregon 2.0- An otherwise red state ruined by blue lunatics out of Boise. I'm thinking the same as you, probably a place in Gardnerville would be a great option. Only problem would be crossing the Sierra in winter.

Patrick says

clambo says

I don't know many happy people except those who work in healthcare.

Healthcare consumes an ever larger chunk of the economy, now about 20%, twice as high as the next more profligate country.

Soon all jobs will be in healthcare. There will be nothing else.

Wife and I are both in healthcare. The large hospitals are running the staff to the ground. Not only nurses but the doctors as well. Anyone with half a brain is retiring as soon as they can and moving out of CA. Wait till all the new illegals get into the healthcare system and that MRI you want is gonna take months no matter who you have. The only reason we stayed in CA is that we both got exemptions from the heart attack shot.

AmericanKulak says

Patrick says

Soon all jobs will be in healthcare. There will be nothing else.

30,000 Nurses short right now in Florida, will be 60k in 10 years. Not even the worst state for the shortage - that's California, 50k nurses short. Don't get sick there. Why?

The Hospital and Nursing Home Lobby has spent the past 30 years reducing the number of nurses per patient, there's no more give. Mandatory overtime is the norm in most places. It's already normal for a Critical Care Nurse, in the ICU, to oversee 4 patients instead of 2 - these are people who had massive heart attacks or were horribly mangled in a car accident in the past 24 hours, not just Uncle Al recovering from a stint or a bad bout of pneumonia.

1/2 of all US Nurses (LPN and RN) are over 50 years old. By 2030, 1/3 of all RNs will hit 65 and retire. Most states require...

They can probably import a few hundred thousand Filipino nurses to love you long time like they did 2 decades ago.

RedStar says

They can probably import a few hundred thousand Filipino nurses to love you long time like they did 2 decades ago.

Problem is, after collecting a few bounties for putting down fake Covid patients, they can go home and retire.

Ironically, if you’re in La Paz Baja California Sur Mexico and go to the private hospital you will leapfrog ahead of the locals who can’t afford it. The place might charge $45 but it’s 1/2 week pay for many people so they all go to the public hospital and wait around for hours.

Ceffer says

Stock market cratering faster than a Ukorps bunker under Russian rockets.

It's collapsing faster than a cheap Miami Condo. - Bill Maher

He got away with that one, imagine had Gutfield said that on Fox news, they would be calling for his head.

The true collapse is Bitcoin; $69,000 to $19,000 in a few months.

My friend’s daughter just married a guy who was telling everyone how cool crypto was.
The mother is scared her daughter will combine her retirement accounts and make changes to the investments, including buying Bitcoin or similar.
I said I doubt her daughter would do something so foolish.
I don’t like the drop but I expect to live to see stocks back up again.