Keep Our Service Free-Donate

Wednesday, December 28, 2016

The Economic Outlook for 2017 Could be Quite Good Under the New Administration

Poor Man Survival

Self Reliance tools for independent minded people…

ISSN 2161-5543

A Digest of Urban Survival Resources


The Economic Outlook for 2017 Could be Quite Good Under the New Administration

The Fed won't be the only cause for higher interest rates in the coming year… Selling more treasury bonds will require higher rates. That will have a spillover effect on all borrowing.

Higher interest rates aren't all bad. They'll benefit those who have saved and invested money. It's been very hard to safely earn much on invested money since 2008. CD and bond rates are almost non-existent. Boomers and retirees especially will be glad to see their CDs actually earn something for a change.

I expect economic activity to increase in 2017. I'll probably get some pushback on this, but cutting regulations will allow businesses to spend more on their product/services and less on satisfying regulators. You can argue that those regulations are needed, but needed or not, the cost of those regulations is less economic growth.

Getting people back into the civilian workforce will continue to be a challenge. The percentage of people working has dropped from over 66% in 2006 to less than 63% today. The incoming President may be able to keep some companies in the U.S., but technology will continue to replace many jobs. We see it all around us. Self-checkout in some stores. Screens in restaurants that take the place of a server or order taker. It'll be especially noticeable in lower skill jobs.

At some point, we'll recognize that we can't continue the guaranteed student loan/college merry-go-round. For decades, we've been pouring more and more money into higher education. The colleges add amenities and raise their prices, and grads can't find high paying jobs. Those who drop out are in a worse position. The number of people who aren't repaying their student loans on schedule is around 40%. Young people are being financially handcuffed, and forgiving the loans isn't an option. The government doesn't have the $1.3 trillion that would take.

I don't know when, but sooner or later, all the money that's flooded the stock and housing markets will leave. And prices will drop. Perhaps dramatically.
President Elect Trump is slowly piecing a plan which promises a renewed prosperity and better jobs for America and of course, we hope he’s able to pull it off…the current president never lived up to the promise of fixing our infrastructure but rather, helped cut industries which fueled our growth such as the coal industry.
The federal deficit will continue to increase. Lowering taxes should increase economic activity (if past experience is a guide), but tax cuts don't automatically pay for themselves. Eventually those in government will need to spend less or admit they won't and raise taxes to pay for what they spend.

The Crash Course has provided millions of viewers with the context for the massive changes now underway, as economic growth as we've known it is ending due to depleting resources.

But it also offers real hope. Those individuals who take informed action today, while we still have time, can lower their exposure to these coming trends -- and even discover a better way of life in the process. We'll show you how.

What should I do to prepare?


The Crash Course

Resolve to Stash More Cash in the New Year

Some people are born savers. Others can't seem to save at all and are often reduced to living paycheck to paycheck. These 8 steps can help those who struggle to save


Here's the average American household income: How do you compare? (USA Today): "According to the U.S. Census Bureau, the average household income was $73,298 in 2014, the latest year for which complete data is available. However, this doesn't tell the whole story.  Depending on your family situation and where you live, average household income can vary dramatically."



Yours for another revolution,

Bruce ‘the Poor Man’


Post Script…

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays & free reports that I provide annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.  You can make a donation at top of this page via PayPal.


Additional Resources

The Anatomy of a Breakdown

The Prepper’s Blueprint: The Step-By-Step Guide To Help You Through Any Disaster

Contact! A Tactical Manual for Post Collapse Survival

In 2017, there will be a newcomer to the market of tax filing services. Credit Karma has recently announced that it’ll be offering a free tax filing service for the 2017 tax season.
A Different Kind of Financial Security

How can you make yourself more financially secure? Here are 3 practical ways you won't hear from many financial planners.



Visit the Health Ranger Store





Arm Up System-Defense Without Regulation
PM’s Guide to Home Defense

It is a crazy world out there with plenty of violence and everyone knows you that under most circumstances, police usually arrive after the fact. Your rights to defend yourself are often under attack, even for non-lethal self-defense tools…Includes book and 3 bonus CD ROMS



Support our efforts by shopping my storefront…


Alive After Crisis: A comprehensive guide for emergency planning & crisis survival PLUS BONUSES


·         How to Build Your Own Panic Room for Under $500

·         Safe at Home, No Matter What-17 Ways to make your home a fortress against thieves, burglars, social unrest rioters, extended grid outages and more

·         What the establishment won’t tell you about horrible 3rd World diseases slipping across the US-Mexican Border

·         Dying Slowly in a Chemical Soup-5 toxins to remove from your home now

·         Insider Tells All-New Snares IRS Bureaucrats are Using to Zero in on Unsuspecting Taxpayers & Their Assets


We’re also including one of our popular Poor Man Survival ‘Secret Bonus’ CD ROMs which contains a variety of useful PDF files  [Examples include:  the Complete book of Self Sufficiency, Complete Book of Preparedness, What to do if the Dollar Collapses, Underground Secrets You’re Not Supposed to Know, etc.]   Media Mail Shipping Included


A Smoking Frog Feature, Shallow Planet Production



DAR said...


Manny said...

I always find this a constructive, worthwhile read-thanks!