Observations on the current state of the hobby from a show this weekend

[rwperu34]

Jesus guys. Economies in recession don't create 375,000 jobs a month and see wages rising like crazy.

[KhalDrogo]

Originally Posted by rwperu34

https://www.nber.org/research/busine...sked-questions

No, no. I asked YOU to objectively define a recession. Don’t link me to a vague subjective definition.

It’s a pretty easy ask.

[Cards and 401K]

Going to Tristar in Houston next weekend.

[Zauron]

Originally Posted by Cards and 401K

Going to Tristar in Houston next weekend.

Being an accountant, it always angers me this show has been right around month end close for me and I can never make it(Yes, working on the weekends). Also, my daughter has had dance competitions in Baytown each of the last few years this show was going on.

That said, I am somewhat disappointed in the autograph guests this year. They are rather lackluster IMO.

Talking about the flipping mentality, I don't get why people are so upset about people flipping stuff to make money. That's part of the hobby/business now. Heck I use it as a means to help fund my PC. I flipped boxes to pay for a Brady rookie, Zion rookie, Mahomes, and my Champ PC.

[TruBlueBrewCrew]

2 consecutive quarters of YoY GDP Decline. Changing definitions are just economist cope & regime datawashing.

Oh, and they have continually changed the calculations for inflation too, so that’s understated for many decades.

Don’t get me started on “Supercore” inflation numbers. Excluding housing, energy and food? Haha, okayyyy.

[KhalDrogo]

Originally Posted by TruBlueBrewCrew

2 consecutive quarters of YoY GDP Decline. Changing definitions are just economist cope & regime datawashing.

Oh, and they have continually changed the calculations for inflation too, so that’s understated for many decades.

Don’t get me started on “Supercore” inflation numbers. Excluding housing, energy and food? Haha, okayyyy.

I’d love to see the new recession definition crowd go back and draw some new historical S&P charts so I can see how the market did during each recession.

[PumpnDumpling]

Originally Posted by rwperu34

Jesus guys. Economies in recession don't create 375,000 jobs a month and see wages rising like crazy.

The definition was met and changed to suit their needs; gonna have to take an L on this one my guy

[KhalDrogo]

And before spouting off jobs numbers, might want to educate yourself on how those are calculated.

https://www.forbes.com/sites/greatsp...h=9031a4f72b54

[FT35]

Originally Posted by rwperu34

Jesus guys. Economies in recession don't create 375,000 jobs a month and see wages rising like crazy.

Love discussing cards with you…but this is a Joey Gallo-level swing and miss take. What’s the industry for these “jobs?” Are these high or low-level jobs? Temp/contract work or full-time employment? Project/business investment or inventory-based…In other words—what’s the return on the hire? Does it promote business growth—better yet, sustain it? How many of these “375,000” are tomorrow’s layoffs? Are these skilled workers who boost revenue or simply bodies to bring in low markup margin work? Does low margin work support these “higher wages” long term? Take the Uber drivers out, how many new jobs are left? Are these 2nd jobs for the “already employed” to just deal with the current cost of living? Retirees forced to go back to work because their retirement savings is completely gone? Any people just working the unemployment system? Are these private sector positions or worse—new government jobs that we are actually paying for?!

The jobs number itself really means nothing without the bigger picture context. Nothing we are seeing indicates any health in the economy. All indicators point to an economy on life support.

[iskey]

Originally Posted by FT35

All indicators point to an economy on life support.

ALL indicators? Life support? Many points in US history looked far worse economically, and we have still continued to far outpace nearly all of the economy's of the world. While nothing's guaranteed, there's no other economy in the world I trust more to be resilient.

[FT35]

Originally Posted by iskey

nothing's guaranteed.

Agreed!

[premium1981]

Here is a free tip:

There are some that will say the economy is going under and the world will end no matter how good or bad things actually are. (they are posting in this thread)

There are some that will say the economy is incredible and cannot go under no matter how good or bad things actually are. (they are posting in this thread)

Ignore both of those. They both think they are 100% right and are actually both 100% wrong. Yes, I am exaggerating to prove a point, but I swear common sense has completely disappeared.

And there is no need in arguing with either of the above, it is a waste of energy.

[KhalDrogo]

Originally Posted by premium1981

Here is a free tip:

There are some that will say the economy is going under and the world will end no matter how good or bad things actually are. (they are posting in this thread)

There are some that will say the economy is incredible and cannot go under no matter how good or bad things actually are. (they are posting in this thread)

Ignore both of those. They both think they are 100% right and are actually both 100% wrong. Yes, I am exaggerating to prove a point, but I swear common sense has completely disappeared.

And there is no need in arguing with either of the above, it is a waste of energy.

Most people live in their own bubble and project what they’re experiencing onto everyone else. People in the middle don’t have much to say. So we mostly get the opinions of people living on the fringes.

For me, 2023 is going to be a banner year. Unfortunately, that won’t be the case for many. Layoffs, 401k cuts and pauses, hiring freezes, etc will be the norm for most companies. Just depends on how severe.

[iskey]

Originally Posted by premium1981

Here is a free tip:

There are some that will say the economy is going under and the world will end no matter how good or bad things actually are. (they are posting in this thread)

There are some that will say the economy is incredible and cannot go under no matter how good or bad things actually are. (they are posting in this thread)

Ignore both of those. They both think they are 100% right and are actually both 100% wrong. Yes, I am exaggerating to prove a point, but I swear common sense has completely disappeared.

And there is no need in arguing with either of the above, it is a waste of energy.

I haven't seen anyone claim the economy is incredible and cannot go under and I certainly don't claim to be 100% right about anything. All I said was I trust the US economy above other world economies to rebound, but that nothing is guaranteed.

[anusinha]

Originally Posted by KhalDrogo

Most people live in their own bubble and project what they’re experiencing onto everyone else. People in the middle don’t have much to say. So we mostly get the opinions of people living on the fringes.

For me, 2023 is going to be a banner year. Unfortunately, that won’t be the case for many. Layoffs, 401k cuts and pauses, hiring freezes, etc will be the norm for most companies. Just depends on how severe.

Good time to be in the healthcare field.

[JRX]

Originally Posted by iskey

I haven't seen anyone claim the economy is incredible and cannot go under and I certainly don't claim to be 100% right about anything. All I said was I trust the US economy above other world economies to rebound, but that nothing is guaranteed.

That's because you've only known a world where the us dollar was the worlds reserve currency.

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[h00perstar34]

Foxwoods show has been slammed all day so far

[iskey]

Originally Posted by JRX

That's because you've only known a world where the us dollar was the worlds reserve currency.

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Yes, those of us under 80 have only known that world. Do you see that changing anytime soon? If so, which currency do you see overtaking the usd?

[solt0131]

The local Mall show here at Westmoreland Mall, which is the biggest Mall show around each year has been very busy all day. I didn't set up but I was up there to bring some stuff to sell to those guys.

[Slvnumber2]

Did a local show here in Kentucky and turnout was strong all day. I usually get there and setup 1.5 hours before it opens, and it was packed when I got there. Steady the entire time and sold some big stuff (Burrow and Chase Prizm rookies - base and silver, lot of $1-5 cards, and Bowman draft top players like Holliday and Green. Had several requests for Mantle cards, and Luka and Zion Prizm cards were in demand. I think once spring training and MLB season starts we will see baseball take off, and NBA stuff will start around AS game time.

[jmarascojr]

Local "monthly/quarterly" show today in Rochester NY from 10-2.

I'd say 40ish tables, steady flow, lot of kids and adults, saw some pelican boisssssss

Was funny to see tables just absolutely full of retail wax, like, ahhhhhh that's why I can't find any at Target

Lot of tables with their Josh Allen's out, still pushing the narrative that they are Super Bowl bound and that's why they can't lower their prices.

One guy was asking 52k on a low numbered Mahomes rookie (pretty sure it was an Optic variant), which it could have been worth, but nobody at this show was walking around with 5 figures let alone 50+...

Made what I felt was a nice trade for some McDavid cards, dealer was very pleasant and easy to work with, couldn't have taken less than 10 minutes from start to finish.

[bankdawg]

Do I need to take my cards to shows in something else besides a Pelican type case? I dont wanna be labeled a Peli boi

[123precision]

Walmart sacks

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[ThoseBackPages]

Originally Posted by bankdawg

Do I need to take my cards to shows in something else besides a Pelican type case? I dont wanna be labeled a Peli boi

backpack is fine

[hermanotarjeta]

Originally Posted by bankdawg

Do I need to take my cards to shows in something else besides a Pelican type case? I dont wanna be labeled a Peli boi

And please, shave the neck beard.