8th July 2020

Number crunching (or a crystal ball)

posted in economy |

The path to a new vehicle edges on. I’m a bystander, but the process keeps me interested. After checking with a local bank, and with the dealer, and with a crystal ball (maybe), the decision has been made. The new rig will be a purchase, not a lease, using a combination of funds from a deep pocket and the terms offered by the dealership. The math is pretty simple; a calculator dance, mainly. After all the numbers are crunched, one is better off owning than leasing. Something about that end result, where your money is gone, but you have a rig that you’ve learned to love, close at hand.

It all should be done, early next week, what with a neighbour offering to do the drive into the city for the official driver. I’m a bystander, and I will be here to calm the dog about a strange car in the lane.

The federal government is finally releasing some of their math, to explain how the crisis brought on by a pandemic will be mitigated with lots of cash. It’s almost as if the country had gone to war, to use a historic metaphor. Going forward, we have no idea about how the eventual debt load will disappear; governments don’t have to worry about such mundane things. Hence, neither do we. Someone else is running the numbers (and the number game). By the time any eventual grandkids get the vote, the debt will be footnote in history. Don’t believe me? Just watch. And don’t hold your breath, because that’s not good for your health.

 

This entry was posted on Wednesday, July 8th, 2020 at 20:42 and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. | 262 words. Both comments and pings are currently closed.

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