Something is always "truly different-different".I get your point, but it's some new item, but rather all part of the same item "different-different" debt problem.
See, I knew you can come up with some new items to worry about (sarcasm there.) I think that is just how it is. Some of us are comfortable just winging it while others run spreadsheets and Monte Carlo analysis throwing probabilities of some ready bad stuff to occur because that is what they need. As they say if you don't fly first class, your heirs surely will. I would like to fly first class and help my heirs fly first class on their own.
I respectfully stand by my disagreement with Dr. Dahle over his dismissal of too much pessimism goin' on around here. I think the pessimism is felt by many here because the circumstances are truly different-different this time.
Oh and I'd almost never ever fly first class (unless it was a free upgrade). It's your rear end, in a tube, 8 miles high, going 600 miles per hour. Isn't that miracle enough? And regardless of how rich I ever might become, why would I pay triple to do that with merely a few more inches of space and a better drink?
Every generation has things it feels is unique to it that is surely going to usher in the end of the "good times".
Sure, that happens sometimes, but hardly ever from causes that people actually identify ahead of time.
You think the debt crisis is big threat?!?.
A generation lived through the great depression, the next lived through a world war (also resulting in high debt to gdp ratio) the next was under constant threat of nuclear war. Remember when y2k was going to crash the global economy? I had a co-worker that feared that so much, he liquidated all his investments and bought a large farm.
Somehow, all those people survived, and for the most part prospered, civilization marched on.
There is always something to fret about. You get to choose how much you let it paralyze you.
Statistics: Posted by marcopolo — Thu Apr 11, 2024 4:10 am — Replies 374 — Views 26889