30 ms·
I didn't read the GP comment as gloating. It sounded to me like he had general anxiety that the economy has an underlying problem that's causing ongoing pains
by CoastalCoder 2y ago
I didn't read the GP comment as gloating.
It sounded to me like he had general anxiety that the economy has an underlying problem that's causing ongoing pains with e.g. rents.
And that this selloff might be the start of a correction that fixes that.
So, kind of like lancing a boil. Unpleasant, but better than continuing the status quo.
- lmpdev 2y agoYes you nailed my intentions I am genuinely worried me and my cohort’s lifespan 1996-20XX will be a period with an economy that continues to be as dysfunctional as it has been Especially worried it will never be addressed, or will take painful (see: revolutionary) measures to address the challenges ————— Where I live (Australia), we’ve had a decade of a conservative government. We finally voted in the more progressive party and instead of addressing the economic issues we’re facing, they’re strategically playing a small target platform (ie not introducing any substantial measures). I personally don’t see the Australian or Canadian economies being equitable until ~2035-2040, where the cohort at birthrate peak (boomers) begin dying en masse. Australia is a place of genuine demographic economic inequality for those born here, and still fairly economically adversarial to skilled migrants, let alone those who actually need an escape to a better place