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  #1  
Old 04-11-2020, 08:02 PM
scubadad scubadad is offline
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Stimulus check

Who is planning on spending their stimulus check on a new gun and what are you buying.
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  #2  
Old 04-11-2020, 08:06 PM
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Mike Chapman Mike Chapman is offline
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I have plenty of handguns so now this check will be going for a new 6.5 creedmore Bergara rifle.


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  #3  
Old 04-11-2020, 08:26 PM
Striker2237 Striker2237 is offline
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I'm actually going to use mine to buy a little more stock
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  #4  
Old 04-11-2020, 08:39 PM
shooter59 shooter59 is offline
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Originally Posted by Striker2237 View Post
I'm actually going to use mine to buy a little more stock
Yours doesn’t fit you?😢
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  #5  
Old 04-11-2020, 08:54 PM
passx passx is online now
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Iím buying toilet paper ,,,,,,,,, ya knew someone would !!!
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  #6  
Old 04-11-2020, 09:09 PM
USMM guy USMM guy is online now
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As for me.

I am going to buy more hamburgers
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  #7  
Old 04-11-2020, 09:11 PM
Timbo3 Timbo3 is offline
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I'm giving it to someone who actually needs it.
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  #8  
Old 04-11-2020, 09:22 PM
Longswamp Longswamp is offline
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I don't think I'm getting one. ☹️
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  #9  
Old 04-11-2020, 09:32 PM
EL Perdido EL Perdido is online now
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Originally Posted by Timbo3 View Post
I'm giving it to someone who actually needs it.
Ditto
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  #10  
Old 04-11-2020, 09:34 PM
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Pretty hard for me to buy a new gun right now when nearly all the shops around me are closed. The two or three that are defying the lockdown order have very little worth buying left on their shelves. I suggest everyone hang onto their checks just in case the ride gets even more rough in the months ahead.
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  #11  
Old 04-11-2020, 09:39 PM
Jason D Jason D is offline
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I was looking to invest in ladies of the night, and nose candy.
I'll probably spend it on a gun though.
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  #12  
Old 04-11-2020, 09:39 PM
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Grandpas50AE Grandpas50AE is offline
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Pretty hard for me to buy a new gun right now when nearly all the shops around me are closed. The two or three that are defying the lockdown order have very little worth buying left on their shelves. I suggest everyone hang onto their checks just in case the ride gets even more rough in the months ahead.
Wise counsel indeed. I won't get one, but if I did it would go to the "cash stash".
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  #13  
Old 04-11-2020, 09:41 PM
Huski92 Huski92 is offline
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Probably wonít be getting one. But I will be buying a SA Hellcat OSP. Itís been in the plans for a bit now.


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  #14  
Old 04-11-2020, 10:34 PM
OZ 1911 OZ 1911 is offline
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Had to put gun buy on hold - vet bill $3,000 ouch
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  #15  
Old 04-11-2020, 10:42 PM
YVK YVK is offline
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Quote:
Originally Posted by Timbo3 View Post
I'm giving it to someone who actually needs it.
Quote:
Originally Posted by EL Perdido View Post
Quote:
Originally Posted by Timbo3 View Post
I'm giving it to someone who actually needs it.
Ditto
You guys are restoring my trust in people of this nation. Hunger/unemployment/unpaid rent relief money spent on discretionary gun purchases seems asinine to me.
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  #16  
Old 04-11-2020, 10:51 PM
Benchrest1 Benchrest1 is offline
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I can't go out and do anything, so. I ordered a Kibler flint lock rifle kit. This should keep me busy.
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  #17  
Old 04-11-2020, 11:08 PM
SC shooter SC shooter is offline
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I am going to stick mine in my little mason jar of cash in the back of the gun safe for a while and see what happens down the road.
I have been looking at magazine fed semi auto shotguns but I won't be buying one any time soon.
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  #18  
Old 04-11-2020, 11:20 PM
INV136 INV136 is offline
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I withdrew a big portion of my 401(k) last year, so, I made too much to get in on this stimulus check. My actual income was right about the limit at $77,000, but, that withdrawal raised it over $200,000 for last year.
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  #19  
Old 04-12-2020, 03:07 AM
cavelamb cavelamb is online now
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yeahbut?

Not to be a Debbie Downer, but ...

Industry has been shut down for weeks.
Some common commodities are suddenly scarce.
Because of increased demand? Sure.
But that will increase prices regardless of the reason.

Will prices come down when supply catches up?
Some, yes. But not as much as we would likely want.

There is a stock of products sitting in stores and warehouses
waiting for business to reopen.
No replacements have been made during the shutdown.
Depending on demand when the stores reopen, prices will adjust.
But due to the long shutdown period of no sales (no income)
Don't expect any serious price discounts. In fact, maybe we ought
to expect prices to bubble up some.

Consumers are short of cash.
How much demand can we expect in the near future?
Or long term - second and third quarter of this year?
Or next year?

What I'm getting at is that I expect to see some inflation
happen in the near future. And I expect it will be sustained
for a while.

And I expect that inflation level will keep increasing until all of the
(so called) "un-essential" businesses have caught up.

It might be wiser to take that $1200 check and spend it now.

That would actually stimulate the economy - as intended.

And it would avoid your $1200 devaluing to $600 - or less -
by the end of the year.


Just a thought.
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  #20  
Old 04-12-2020, 03:58 AM
rkammer rkammer is offline
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Our stimulus checks will probably go towards paying our son's mortgage payment for a couple of months. He's in the auto sales business and is having a rough time.
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  #21  
Old 04-12-2020, 04:15 AM
1911crazy 1911crazy is offline
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I’ll probably give it to my kids.

I feel guilty buying a new gun even if there all still working, I just have to help them anyway,

My kidneys are failing, my bucket list is one s&w m29/44 mag 6.5” barrel in nickel. I’m retired, have good income.
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  #22  
Old 04-12-2020, 04:17 AM
NMPinNYC NMPinNYC is offline
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Still working and do not qualify - I'm blessed.
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  #23  
Old 04-12-2020, 04:34 AM
1911crazy 1911crazy is offline
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It’s going to return better than ever, stronger than ever, we will recover. Watch the stock market numbers there going to flip faster than a gas pump.
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  #24  
Old 04-12-2020, 05:02 AM
Rwehavinfunyet Rwehavinfunyet is offline
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Stimulus check.....

Inflation is caused by an increase in the money supply......so I don't believe we will be in for any serious inflation.....but I do believe we will be in a very serious economic recession.... During a recession, money becomes less available, borrowing money is usually at a very high interest rate or impossible to get.....and often times there is high unemployment. Small business owners usually get hurt the worst, and even consumer goods and services may be negatively affected. Let's all hope it is not as bad as the October 1929 stock market crash that led to the "Great Depression!"
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  #25  
Old 04-12-2020, 05:20 AM
combat auto combat auto is online now
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Depends on how long the economy is shut down, but if it starts open in another month or two, should be a very short economic blip. The Government and their agencies are flooding the system with money at an amazing rate (both speed and amplitude) right now. Remember, they can create "money" at will (which is largely just electronically these days), all they want in fact. States can't do that, but the Feds can and do it all the time.

We will not have a 1929 depression, that was a different time a different mind set. Right or wrong we live in a time of Government activism, they will "print" as much money as needed to float the economy. This money makes it into the system in business loans, rising stock prices, happy people with big 401k's, more business and consumer spending, and jobs. We will not even have a 2009-type recession, not even close.

The risk of printing money is the devaluation of the dollar long term, ie inflation. But we do not have a big inflation problem, actually right now deflation is the bigger threat until the economy opens up gets back to where it was and beyond with full employment etc.

Also, our currency is holding up very well. The trillions upon trillions in assets floating around the globe generally want to find the safest home. That still remains the USA in US-$'s. Until that changes, unlikely EOW economic crises will be lasting in US...

The demand is there once the all clear is given (even though it will be given in stages), and the Fed has already provided the fuel. The banking system is rock-solid vs 2009. The economy should come roaring back.

Now if they wait tooooooo-long all bets are off, but I believe more rational minds will start working here. Even Fauci who is a great guy, but one dimensional in the sense that public health is what he breaths, knows, and puts on the top priority, is openly speaking of a plan to bring the economy back up.

I'm very pleased POTUS will announce his bring back economy team Tuesday or so....It would be great if the Government establishment can "outlaw" all death (except natural old age) if there wasn't any collateral damage which goes with it. But we need to balance out the desires of the CDC with the reality of life on earth which also requires a means for people to earn a living and feed their families.
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Last edited by combat auto; 04-12-2020 at 05:37 AM.
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