“Hoarding Today, A Slumping Economy Tomorrow” This is Something to Think About 05.07.25

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“Hoarding Today, A Slumping Economy Tomorrow”

 Bill Bunkley’s “This Is Something to Think About”

 Air Date Wednesday, May 7, 2025

Pre-tariff panic buying has set in with companies and individuals buying imported goods before new shipments arrive and prices shoot up.

The result is an artificial trade deficit of $140.5 billion in March with countries that will soon drop like a rock. When existing inventories dry up, we’ll see a dramatic reverse in spending.

Individual consumers are stocking up on staples at big box stores. If you need children’s Christmas toys, future shortages dictate that now might be the time to complete your shopping.

Some are pushing up car purchases even though they don’t need a new ride. Businessweek economists warn that some consumers will get overextended with high car payments that will tie them up for years.

Right now, cash is king. Avoid opening new credit accounts and prepare to weather the financial storm until the tariffs' benefits kick in.

Bill Bunkley is a 19-year veteran Salem Media talk show host based in Tampa. The Bill Bunkley Show airs weekdays across central Florida from 3 to 6 pm. Bill is also President of the Florida Ethics & Religious Liberty Commission and the legislative consultant to the Florida Baptist State Convention (Southern Baptist Convention Churches), among other churches and entities. He has served as the legislative consultant to the Florida Baptist State Convention for the last 29 years at the state capitol in Tallahassee. By the Grace of his Lord Jesus, he is today a cancer survivor diagnosed in 2018 with AML Leukemia, having successfully undergone a bone marrow transplant that same year. His wife is Toni, son is Zac, and they attend Idlewild Baptist Church. 

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