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It's all doom and gloom in the news. Best thing you can do for yourself is to stay off the news.
by brenden2 7y ago
It's all doom and gloom in the news. Best thing you can do for yourself is to stay off the news.
- deleted 7y ago[deleted]
- cryptica 7y agoWhy? So we can all blindly continue running this sham economy producing useless addictive junk and destroying society and the planet in the process? You're saying that the solution is to withdraw further into our echo-chambers and filter bubbles? Economic collapse is long overdue and filter bubbles are actually responsible for delaying it and for making it worse than it should have been.
- rytill 7y agoWhen did the phrase “filter bubble” popularize?
- skrebbel 7y agoBut then who will tell us when to stock up on face masks, medicine, and canned beans?
- chiefalchemist 7y agoWhen it was safe to have sex, it was "Sex sells." The new paradigm is fear. More and more fear.
- throwaway29303 7y agoFear isn't a new paradigm. It has long been established that media outlets, religion, terrorism, ads, etc use(s) fear as a means of control. I suggest watching "Bowling for Columbine"--here's a notable excerpt: https://www.youtube.com/watch?v=NiaxzBlFgmQ https://www.youtube.com/watch?v=NiaxzBlFgmQ Btw, I'd also recommend reading this https://www.rollingstone.com/culture/culture-news/columbine-whose-fault-is-it-232759/ https://www.rollingstone.com/culture/culture-news/columbine-... IMHO, the best way to fight such fear is, among other things, to insist on educating the masses and to open science as much as possible to them as well.
- chiefalchemist 7y agoIt's not new. Agreed. But the degree and scale to which it's being exploited is new.
- monadic2 7y agoThis is a real dick move to the next generations.
- david927 7y agoThose are literally the last words of a fool. While I strongly agree in distancing in distancing yourself from the noise, that does not include the signal. You have to add a grain of salt to both good news and bad, but you still have to pay attention. There is a huge, long-term correction coming and I have no sympathy for some of the pending victims who now say, "Ignore the news, the market always goes up over time." There is no guaranteed investment. Everything outside of cash holds risk. Period. No one gets a free ride. History isn't limited to 90 years.
- fumar 7y agoCan you elaborate on “huge long-term correction?” Are you speaking towards the global economy or specific countries?
- AtHeartEngineer 7y agoGlobal, so many countries economies are tied together now there really is only a global economy.
- david927 7y agoGlobal, but some countries will feel it more than others.
- soared 7y agoThere is nothing in the news that should ever affect your investment strategy as a regular consumer. Emergency fund, max Roth IRA/401k diversified according to goal retirement age, and save separately for other stuff (house/car/kids). If it’s more complicated than that you 100% need a progressional to do it for you, even if that means calling fidelity/etc and having them take a look.
- hakesdev 7y agoRespectfully disagree. I don't particularly like the news, but it pays the follow certain types of news that could have an outsize impact on you. Furthermore, the "prescribed" ultra long equities/diversified index fund allocation strategy you alluded to above is relatively new by historical standards. It's possible that this strategy doesn't pan out well in certain types of prolonged global economic states (such as persistent global stagflation, as one example). I'd agree with the above if your investment strategy had been around for longer (more "Lindy"). One example folks like to cite is the Talmud Asset Allocation: “Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve.” -Talmud https://seekingalpha.com/article/293665-the-timeless-talmud-strategy-and-its-role-in-asset-allocation https://seekingalpha.com/article/293665-the-timeless-talmud-... One example of a portfolio that might be more robust is one of 1/3 land, 1/3 personal business/equities, 1/3 emergency fund cash/gold/bonds. With that portfolio, in just about every time period in human history, you'd probably be okay and wouldn't have to worry about the news at all.
- symplee 7y agoCheck out Wikipedia's "Current events" section [0]. I feel it does the best job of providing the relevant factual updates about the world without all of the drama, clickbait and gossip. [0] https://en.wikipedia.org/wiki/Portal:Current_events https://en.wikipedia.org/wiki/Portal:Current_events
- samizdis 7y agoNice resource. Thanks for the recommendation.
- nathcd 7y agoSide note: I really enjoy browsing wikipedia's portals. The sections on them (like on the Main Page) like 'Did you know...', 'Selected article', 'Selected quote', 'On this day...' are really nice to peruse, and are a nice complement to the type of content in normal articles. I remember reading at some point (though I can't find it now) that portals were sort of considered a "failed experiment", but they've become some my favorite places to casually browse.
- toomuchtodo 7y agoSomeone should turn this into an email newsletter!
- bradgessler 7y agoI made a more readable version of this at https://legiblenews.com/ https://legiblenews.com/ (works on mobile, supports dark mode, formatting is more readable, loads in under 200ms w/ 1 request and absolutely no JS) which scrapes Current Events once per day at 8p Pacific Time. I jokingly say “it’s a news website where if you click on a link, you might accidentally learn something”
- sygma 7y agoThis is great. Thank you for making it! Maybe you could run that cron job more often for people on the other side of the pond? Right now, I'm only seeing news for Saturday.
- anigbrowl 7y agoThe optimist fell 10 storeys And at each window bar He shouted to the folks inside 'DOING ALRIGHT SO FAR!
- hurricanetc 7y agoThis isn't a fair criticism if the gloom and doom is true. Japan's economy is contracting, Germany's economy is at a virtual standstill, and Hong Kong is in recession. China and India report next week and are both likely to show economic contractions. In the US the services sector contracted in February to a six year low. These are the biggest economies in the world and they are all flashing big red warning signs. There is something to be said about self fulfilling recessions fueled by the media but I don't think this article warrants such critique. It is not much more than a statement of fact of the economic conditions of the biggest countries of the world.
- boomboomsubban 7y agoBasically the same article had been run every year for the past decade. Each time it is accompanied by statements of fact about the biggest economies. Even if this time is true, they regularly push the doom and gloom angle. It's a self fulfilling prophecy because they always predict it's comimg, ignoring when they're wrong.
- nate_meurer 7y agoTrue, but I think OP was talking to me. There's nothing I can do about any of this, so why stress myself out by regularly reading about it.