I’m not trying to be optimistic or pessmistic.
If I knew a person who bought a house with an interest only mortgage and lived in it for 5 years, and got 10 credit cards and maxed them out, I would be quick to note that he has built a massive debt that will either bankrupt him or take him years of saving and modest living to dig himself out of.
That is our current economy. It is not pessimistic to point out the massive debt at every level in our economy and to point out the structural problems in the FIRE economy and to extrapolate those problems to their logical conclusion — a long, deep recession and the destruction of huge amounts of debt that are now based on far lower equity that they were or than they were predicted to be based on.
Sorry I can’t be “optimistic”. Sorry I can’t look at the real world problems and be “optimistic”. So far, my “pessimism” has saved me a 20% haircut in the stock market that I would have taken if I were “optimistic”.
I say, look at the data sitting right in front of you, analyze it and judge wisely. The data are there. You only have to open your eyes to see it.
I realize that analyzing wide-spread economic data is confusing, frustrating and difficult. I realize how much misinformation there is. I realize how sinister the MSM is and how easy it is to dismiss anything they say as evil propaganda (which it generally is). But sometimes the truth drops right in their lap and gives them a golden opportunity.
The economy is in very bad shape over the short term. A long, deep recession is all but guaranteed. I love optimistic, up-beat, can-do people but then, you can’t prepare yourself for what is coming if you don’t see it realistically.
Good luck.
Sorry I can’t be “optimistic”. Sorry I can’t look at the real world problems and be “optimistic”. So far, my “pessimism” has saved me a 20% haircut in the stock market that I would have taken if I were “optimistic”.
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I’m not asking you to be optimistic. I’m asking you to watch the video. Everything will make a lot more sense when you do, trust me.
Agreed. And how did we get here. We spent too much money on too many programs where government tried to run everything and fix everything. As you said, the data is all around us. Rather than sitting back and waiting to be taken care of, it is time to firmly grab our collective boot straps and get back to building something in this country again. We need to renew our collective work ethic which has been in a steady decline since the ‘60s.
The useful idiots have done their job and taken us to the brink. Now it is time for us to take the country back!