📈Is the correction over? What cards look attractive with an upside potential?📈

[jcardstore]

Originally Posted by ninjabum87

"We find that markups rose substantially in some sectors, such as the motor vehicles industry. However, the aggregate markup across all sectors of the economy, which is more relevant for inflation, has stayed essentially flat during the post-pandemic recovery."

Aggregate markups does not impact all consumers equally does it? Markups for vehicles or consumer goods at a grocery store being blanced by lower markups in lumber doesn't impact me for instance unless I personally am buying a home or build furniture. There is a reason why just about everyone talks grocery store prices, because we all buy groceries. And that is one specific industry where corporate greed IS coming into play.

Also note they say changes in aggregate markups "are not THE main driver for inflation." which is not the same as "no industries have margins outpacing inflation". They even call put some industries had extreme markups which were exacerbated my low labor price growth, it's just when they loaded data from the aggregate of all industries into their weighted model it indicates markups aren't the main driver of overall inflation. It's a good read, but it's not saying exactly what you think it is.

Even in the fact of evidence from multiple credible sources, you still find a way to deny it.

Just amazing

I'm glad everyone can see what blind partisanship looks like. This is bad on both sides and the exact reason why we are where we are

[pac213up]

Originally Posted by jcardstore

Btw corporate greed is a total myth, it’s a lie made up by the government to divert your attention away from their reckless spending.

Corporations run your Government.

[ninjabum87]

Originally Posted by pac213up

Corporations run your Government.

Lot of truth there. Many of these inefficient/ineffective regulatory bodies are staffed by former corporate leaders. So they've been tied up in a regulatory capture scenario where even agencies like the EPA ignore or reject the findings of their own scientists to approve chemicals, or even outright lie about contamination at this point to give their corporate "partners" an easier road to tread.

[jcardstore]

Originally Posted by ninjabum87

Lot of truth there. Many of these inefficient/ineffective regulatory bodies are staffed by former corporate leaders. So they've been tied up in a regulatory capture scenario where even agencies like the EPA ignore or reject the findings of their own scientists to approve chemicals, or even outright lie about contamination at this point to give their corporate "partners" an easier road to tread.

This guy just watched dark waters for the first time

[ninjabum87]

Originally Posted by jcardstore

This guy just watched dark waters for the first time

This guy reads about scientific testing of soil from runoff and other such boring things from time to time.

They hand out some nice quips at the church of the holy corporation, I'll give you that. "Blessed be the prophets' profits. In Reagan's name we pay, amen."

[GOATcards]

Originally Posted by ninjabum87

GDP growth, job creation numbers, inflation and unemployment rates have all been better under Dems than Republicans for a long while now. Just saying. Income growth for families in the bottom 20% has been way higher as well historically.

I'd only want an R in there if I was a selfish fellow with billions and wanted even more tax cuts or a company I wanted to roll back regulations on to churn out more money at the expense of the community my company is located in.

Even if Dems historically had produced better growth, it doesn't mean that any particular Dem in the future has economic policy chops. What are her economic policy chops? I guess when she says "Bidenomics" with a big smile and cackle, that ties her to Biden *policy*, but I'm asking about her econ policy *chops*. What are they, other than saying words and cackling?

Originally Posted by jcardstore

Btw corporate greed is a total myth

that, or it's an empty tautology, since corporate charters specify returns for shareholders as their primary responsibility. As for whether corporate greed causes inflation as people like Biden/Harris claim, I don't think serious economic analysis would support that, & will attribute it to either monetary-inflation or supply-shock factors. Why would Biden/Harris try to fool people like that?

[Nomad]

Presidents, unless they have an economics background, rely on teams to handle boring policy. Differences between Trump and Biden are not that great in that. But then the inflamed voters are hardly economic wonks themselves. Now what Vance claims he wants to do of firing basically wonkish civil servants would have a major effect. The dollar would plummet, for starters.

[Onepocketj]

What the hell happened to this thread?

[yiguiri2002]

Originally Posted by Onepocketj

What the hell happened to this thread?

Economics talk turned into politics talk.

Same as usual, it's the new MJ vs LeBron.

[Bcr]

You two should get a room. Nobody wants to read about politics here.

[Nomad]

Should be unparalleled buying opportunities ahead, the way economy is tanking.

[hermanotarjeta]

I’m not so sure that cards will ever correct again.

Usually requires capitulation and that hasn’t happened yet.

[Nomad]

The dark side of diamond hands.

[solt0131]

It’s a glorious time right now to be buying and selling sports cards!

[drobfan8]

Originally Posted by hermanotarjeta

I’m not so sure that cards will ever correct again.

Usually requires capitulation and that hasn’t happened yet.

I agree. A lot of bags still being held and people still aren't ready to take their Ls. It will happen when Fanatics get going. Prices are way too high. Especially on Rookie Autos.

Originally Posted by solt0131

It’s a glorious time right now to be buying and selling sports cards!

Also agree.

[Scottish Punk]

Trying to stay on topic:

I am not sure we hit the bottom, but it does feel like the decline is now less steep? We are still above pre-covid levels for most pricing. Before Covid, it felt like we had a long a run of when stuff was relatively flat. I know prospects boom and bust always. It felt like most vintage stuff in "collectors" condition stayed the same.

Do we feel like all of that will still trickle down to pre-covid levels or are we at a basically new floor? For ultra-modern, I think singles will continue to decline and numbered cards delta will become smaller and smaller. Collectors will go for eye appeal of a parallel over making sure it is /50. Single prices will continue to be completely detached from wax pricing. At some point, breaking prices will pop no? It has to fall closer to what the value of cards you get back I would think. Or are we just full blown gambling now and the value of the break is only ran against the mega hit value?

[hermanotarjeta]

Originally Posted by Scottish Punk

Trying to stay on topic:

I am not sure we hit the bottom, but it does feel like the decline is now less steep? We are still above pre-covid levels for most pricing. Before Covid, it felt like we had a long a run of when stuff was relatively flat. I know prospects boom and bust always. It felt like most vintage stuff in "collectors" condition stayed the same.

Do we feel like all of that will still trickle down to pre-covid levels or are we at a basically new floor? For ultra-modern, I think singles will continue to decline and numbered cards delta will become smaller and smaller. Collectors will go for eye appeal of a parallel over making sure it is /50. Single prices will continue to be completely detached from wax pricing. At some point, breaking prices will pop no? It has to fall closer to what the value of cards you get back I would think. Or are we just full blown gambling now and the value of the break is only ran against the mega hit value?

It’s going to take time for card prices to realize the fall, but mamy are starting to recognize that their cards are not as valuable as they once were. People don’t like to take a loss on their cards, so fewer transactions will occur. When money gets tight and people are truly forced to sell is when they will realize and we will see just how much demand and value has fallen. This process will continue to take years to happen.

At some point in time the degenerate gambling will drop. Again, there are powers involved who will prop up the perception of desirability and try their best to maintain the illusion, but next year’s draft class stinks and we will really see how cheap wax can get. Wemby has propped up this years wax and has prevented that bottom from falling.

Also, the continued excess of reprinted cards from china will continue to kill singles demand - have you seen the recent influx of optic Wemby rookies? That excess supply has tanked the base rookie price to less than $10. It’s no wonder optic hobby boxes are starting to soften from its $500+ initial release price.

[KhalDrogo]

Originally Posted by Scottish Punk

Trying to stay on topic:

I am not sure we hit the bottom, but it does feel like the decline is now less steep? We are still above pre-covid levels for most pricing. Before Covid, it felt like we had a long a run of when stuff was relatively flat. I know prospects boom and bust always. It felt like most vintage stuff in "collectors" condition stayed the same.

Do we feel like all of that will still trickle down to pre-covid levels or are we at a basically new floor? For ultra-modern, I think singles will continue to decline and numbered cards delta will become smaller and smaller. Collectors will go for eye appeal of a parallel over making sure it is /50. Single prices will continue to be completely detached from wax pricing. At some point, breaking prices will pop no? It has to fall closer to what the value of cards you get back I would think. Or are we just full blown gambling now and the value of the break is only ran against the mega hit value?

The last few months has seen a sustained uptrend in good cards of good players. We’ve spent the last 2+ years weeding out investor bois. Now we’re left with a more purified group of buyers who want to own and hold these cards. It’s all supply and demand.

But I’m afraid we’re going to see a moderate to severe recession just around the corner. And that would change everything.

[tjforce]

Originally Posted by KhalDrogo

The last few months has seen a sustained uptrend in good cards of good players. We’ve spent the last 2+ years weeding out investor bois. Now we’re left with a more purified group of buyers who want to own and hold these cards. It’s all supply and demand.

But I’m afraid we’re going to see a moderate to severe recession just around the corner. And that would change everything.

I posted a few rare high end cards I got back from the vault the other day and got more PMs trying to buy them off of me than ever before. Have friend who's dealing with the same situation as well. I'm not talking Prizm base here. It's stuff that either no one else has or no one else has available.

As for the greater economic picture, the biggest thing holding back the business right now is trepidation around what happens October-January. This isn't a political take: Uncertainty weighs on corporate spending. There is a lot of uncertainty out there right now and depending on which way this election goes, strategies will have to change and because of that a lot of us are on defense right now.

Back to the cards I'm talking about... it changes nothing for me. I'm not holding Mahomes NT RPAs, Black Finites, Game Used Super Bowl footballs, NBA debut jerseys, and other stuff in my sports portfolio because I care about what happens to them over the next few years... I'm measuring these in decades and am bullish on my outlook until we're all lining up for food rations together.

[yiguiri2002]

Originally Posted by tjforce

I posted a few rare high end cards I got back from the vault the other day and got more PMs trying to buy them off of me than ever before. Have friend who's dealing with the same situation as well. I'm not talking Prizm base here. It's stuff that either no one else has or no one else has available.

As for the greater economic picture, the biggest thing holding back the business right now is trepidation around what happens October-January. This isn't a political take: Uncertainty weighs on corporate spending. There is a lot of uncertainty out there right now and depending on which way this election goes, strategies will have to change and because of that a lot of us are on defense right now.

Are you talking modern (2000s), ultra-modern (2010s and 2020s) or something else?

[tjforce]

Originally Posted by yiguiri2002

Are you talking modern (2000s), ultra-modern (2010s and 2020s) or something else?

These two in particular....


but all these as well.

[anusinha]

Originally Posted by tjforce

As for the greater economic picture, the biggest thing holding back the business right now is trepidation around what happens October-January. This isn't a political take: Uncertainty weighs on corporate spending. There is a lot of uncertainty out there right now and depending on which way this election goes, strategies will have to change and because of that a lot of us are on defense right now.

Yeah, we have 2 wildly different visions for the future of the economy and basically a coin flip to see which one wins out. That kind of uncertainty makes it tough to plan things.

[tjforce]

Originally Posted by anusinha

Yeah, we have 2 wildly different visions for the future of the economy and basically a coin flip to see which one wins out. That kind of uncertainty makes it tough to plan things.

Yup. I'm not going to get into my own political beliefs but the business environments looks different in each scenario. There will be winners and losers in either.

[Scottish Punk]

wow you are right, just checked some completed ebay.

Wemby optic for $10, SGC 9 for $20, SGC 10 for $60. Lots of stuff from China. Some of those colored are getting good money. I hope SGC and PSA can recognize that they are fake if reprinted.

[The_Reverend]

Originally Posted by Scottish Punk

wow you are right, just checked some completed ebay.

Wemby optic for $10, SGC 9 for $20, SGC 10 for $60. Lots of stuff from China. Some of those colored are getting good money. I hope SGC and PSA can recognize that they are fake if reprinted.

It is interesting how much of optic/Prizm base are from China. I know they rip a lot of product, but wow.