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Are we in the ‘it’s time to start worrying’ phase? When you think about this more and more often, which I personally am, what types of discussions should we sta
by cced 3y ago
Are we in the ‘it’s time to start worrying’ phase? When you think about this more and more often, which I personally am, what types of discussions should we start having?
- Aloha 3y agoI dont think so. I've been hearing that it's a time to worry for over 20 years, thru three major once in a lifetime events. If none of those were a time to worry, I dont see why this is.
- CapstanRoller 3y agoSounds like survivorship bias. All those events had an impact on someone. They destroyed many lives and set back countless others. It can happen to you, unless you continue your lucky streak or your continued survival was/is due to wealth.
- Aloha 3y agoI mean, maybe? If the weatherman is consistently wrong, is it me who is experiencing different weather wrong, or the guy who made the prediction in the first place?
- CapstanRoller 3y ago"Huh? What flooding?" asks the man comfortably lounging on a yacht, as millions of regular folks get swept away by the rushing water.
- Aloha 3y agoI've been the guy swept away, repeatedly. In the end the next time the billionaires blow the thing up, they'll get a bailout and I'll get a haircut, so I might as well get my slice of the pie now. For all the crowing, the implosion from consumer debt has never come, I suspect part of why debt keeps rising is harder to obtain bankruptcy.
- astrange 3y agoWe are not in any particularly worrisome period. The reason you are thinking more often about this is that we're in a "vibecession" where the media are all being unusually negative about everything. This is causing historically strange results in financial surveys right now where everyone says they personally are doing fine but that they also think the economy is bad because they heard they were supposed to think that.
- zlg_codes 3y agoI'm not doing well economically, and there is nothing for me to find upward mobility with yet. West coast, progressive region too. Where are the jobs?
- satvikpendem 3y agoWhat kind of jobs are you looking for? The unemployment rate is fairly high so there are of course fewer jobs overall compared to the number of applicants.
- shermantanktop 3y agoIf you ask the consumer finance media, it’s always time to start worrying. Worrying sells and breeds more worry. I’m not being dismissive of the odd situation we are living through, but I’ve not found the worry level of other people to be that helpful a guide. Those preppers with bugout bags are still waiting to be proven right.