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damn shit is really bad, sky is failing, bubbles are bursting… any other clickbait I need to read up on before I go spend the last of the good days with my kid…

damn shit is really bad, sky is failing, bubbles are bursting… any other clickbait I need to read up on before I go spend the last of the good days with my kid…? coolest thing about us in the 50’s is that we’ve seen and read this shit many times before and don’t fall the “bubble du jour” or “shit’s really bad this time…” - especially readers here on HN, bubbles be bursting for yeeeears now, recession is coming, crashes are coming… genuinely am sitting here scared and shook about Buffet hoarding cash, that never happened before…

deleted 10mo ago
[deleted]
toomuchtodo 10mo ago
I've lived through the '00 crisis, the '08 crisis, and a global pandemic. In all cases, there were signs the event was upon us, but you won't know for sure until the event is in full swing. The advice remains the same as it always does: carry as little debt as reasonably possible, don't overextend yourself without good reason, ensure sufficient liquid reserves, maximize employment and income opportunities, and have a strong network, both professional and community. Stay healthy to the best of your ability. Humans have existed for some time, we're going to exist for a while longer. I have many people who depend on me, and I'm prepared for anything short of global unexpected nuclear conflict. As long as you care, that's half the battle. Wishing you a favorable outcome.
- bdangubic 10mo ago
  Wishing you a favorable outcome too!! I love pretend bubbles cause while everyone is waiting for them to burst one can make shitton of money
  - toomuchtodo 10mo ago
    To be early or late is the same as being wrong, and I had a friend who lost everything trying to be right take their life when they were wrong. It is true, you have the potential to make money, and if you can afford it, who am I to stop you? But, you can also lose it all, and I hope that those who try don't. It's just numbers in a database after all. Gamble responsibly. There is always someone smarter or faster on the order book.
    - bdangubic 10mo ago
      [flagged]
      - deleted 10mo ago
        [deleted]
      - jazzyjackson 10mo ago
        People have winning streaks in casinos too.
        grugagag 10mo ago
        They end up losing it all at some point
        bdangubic 10mo ago
        the crazy ones might put all their chips in at some point and lose it all but of course you should read perhaps earnings reports (go quarter by quarter 2025 and hit it back to say 5 years which is decent enough timeframe and then perhaps think through whether or not investing is ridiculously profitable companies with insane growth and the same as putting all your chips on black :)
        bdangubic 10mo ago
        I would love to find a "casino winning streak" spanning 6+ years :) while you and other people talk about bubbles and gambling the rest of us are getting rich and getting ready to retire... it is what it is...
      - hshdhdhj4444 10mo ago
        Right, because you were predicting chstgpt in 2018… Amazing how you are quite literally proving you got lucky and yet you seem to believe that you’re hot shit.
        grugagag 10mo ago
  - immibis 10mo ago
    This is also the case with real bubbles.
    - bdangubic 10mo ago
      100% - that is the case. except this current "bubble" has been "bubbling" for years now (just look at HN commenters since say 2023-ish). the funny thing is something at some point will happen and there will be a pullback in the market (it's been on a run for waaaaaay to long) and everyone will be like "hey hey hey, see, told ya so, this was bubble all along" except most people that say we are in a "bubble" cannot even define what the bubble is what will it meant for it to pop. Cisco-like?! That is too much?! Perhaps 1/2 of the Cisco!? 1/4? no one knows but for sure I am expecting (markets are that way) that whenever there is some form of pullback (large or very large or meh) HN will go nuts with "told ya so" the funny thing is, if you were invested in this bull run, even 45% pullback (certainly possible) and say you are an idiot (or just clueless) with a stoploss - you'd still be handsomely up from where you started from...
      - immibis 10mo ago
        Real bubbles also bubble for years. You have done nothing to disprove a real bubble.
        bdangubic 10mo ago
        so we were in a farm-it-by-hand bubble until we invented tractors? :) I am not trying to disprove the bubble because that is as impossible, you can’t disprove something which doesn’t exist other than in people’s figments of imagination. and whatever happens in the future the bubble people will find a way to justify that it was a bubble all along and non-bubble people will say it is a normal market correction after yeeeears of bull market. makes the entire bubble discussion meaningless
        immibis 10mo ago
        "you can't disprove something that doesn't exist" - Great, so you believe in God then. And Russell's teapot. And a natural number called fentanum, whose successor is itself.
refurb 10mo ago
Yup. It’s wild seeing the internet chat about the latest flavor of the week of “the sky is falling”. Try going back 1 year and look at those headlines. What you’ll find seem silly looking back.
- bdangubic 10mo ago
  this depends on which "headlines" you are looking at... if you are right/right-leaning your headlines from a year ago are much worse than those today, sky is falling, biden opened borders, immigrants are murdering 1/2 of the population, economy is shit, eggs are $20/piece... a year later, if you are left/left-leaning your headlines are "sky is falling, democracy is dying, corruption is through the roof, the country is hanging on by a thread..." too funny to observe what has become of America...
hshdhdhj4444 10mo ago
Coolest thing about you in the 50s is that you’ve spent your grandkids’ money (and used up their resources and polluted their environments) so you wouldn’t have to face any consequences for your poor decisions. Unfortunately your grand kids have run out of money and descendants to steal money from.
- bdangubic 10mo ago
  it is OK, I made enough for my grandkids and their grandkids so they'll be just fine. and all without stealing a penny from anyone (well this is a lie, I did steal a chocolate once from a grocery store to impress a girl but I think I'll be forgiven for that...)
coldtea 10mo ago
If you're in your 50s you should have at least noticed that things have gotten progressively worse, if not for you (e.g. working in FAANG and getting by better than ever) for the majority in all kinds of ways in those 50 years: housing costs, healthcare, jobs, public debt, private debt, it's a huge list. So, yeah, those "shit is really bad, sky is failing, bubbles are bursting" shit has been consistently right all those years, and it will get worse. Of course some people only grok that things are bad when it happens to them personally. 80% of the people could be coughing blood outside their door, but as long as they get their bonuses, all is fine, as far as they're concerned.
- bdangubic 10mo ago
  > If you're in your 50s you should have at least noticed that things have gotten progressively worse... This is exactly what I am saying, things have gotten progressively worse. The argument most people are making here is that the worse is not progressive, that it is somehow last 11 months that shit's been going really, really bad (just note how many people are talking about "degree" and "scale" of shit in this thread alone. As if somehow sky is falling right now and it was amazing before. funny thing is - same people back in October during the election campaign were pitching how economy is "great" and how they do not understand how GOP can run on economy platform when US economy is doing amazing, much better recovery post-COVID than any other country without a doubt. now though, economy is really bad, just horrible, can't be any worse :) in both cases, the 80% of the people you are mentioning are suffering, they were in October and they are even more so now. but everyone is in their own bubble, the "opposition" (myself included) in the current political order is saying "oh shit's really bad now" and "ruling party" people are like "oh man, how great are things, tariffs are doing their thing, exports are up, imports are way down, market is red hot..." etc...
breakds 10mo ago
People born in different eras often develop different worldviews by the time they reach their 50s. Not everyone is lucky enough to be born in the "right time".

deleted 10mo ago

[deleted]

toomuchtodo 10mo ago

I've lived through the '00 crisis, the '08 crisis, and a global pandemic. In all cases, there were signs the event was upon us, but you won't know for sure until the event is in full swing. The advice remains the same as it always does: carry as little debt as reasonably possible, don't overextend yourself without good reason, ensure sufficient liquid reserves, maximize employment and income opportunities, and have a strong network, both professional and community. Stay healthy to the best of your ability. Humans have existed for some time, we're going to exist for a while longer. I have many people who depend on me, and I'm prepared for anything short of global unexpected nuclear conflict. As long as you care, that's half the battle. Wishing you a favorable outcome.

bdangubic 10mo ago
Wishing you a favorable outcome too!! I love pretend bubbles cause while everyone is waiting for them to burst one can make shitton of money
- toomuchtodo 10mo ago
  To be early or late is the same as being wrong, and I had a friend who lost everything trying to be right take their life when they were wrong. It is true, you have the potential to make money, and if you can afford it, who am I to stop you? But, you can also lose it all, and I hope that those who try don't. It's just numbers in a database after all. Gamble responsibly. There is always someone smarter or faster on the order book.
  - bdangubic 10mo ago
    [flagged]
    - deleted 10mo ago
      [deleted]
    - jazzyjackson 10mo ago
      People have winning streaks in casinos too.
      - grugagag 10mo ago
        They end up losing it all at some point
        bdangubic 10mo ago
        the crazy ones might put all their chips in at some point and lose it all but of course you should read perhaps earnings reports (go quarter by quarter 2025 and hit it back to say 5 years which is decent enough timeframe and then perhaps think through whether or not investing is ridiculously profitable companies with insane growth and the same as putting all your chips on black :)
      - bdangubic 10mo ago
        I would love to find a "casino winning streak" spanning 6+ years :) while you and other people talk about bubbles and gambling the rest of us are getting rich and getting ready to retire... it is what it is...
    - hshdhdhj4444 10mo ago
      Right, because you were predicting chstgpt in 2018… Amazing how you are quite literally proving you got lucky and yet you seem to believe that you’re hot shit.
      - grugagag 10mo ago
- immibis 10mo ago
  This is also the case with real bubbles.
  - bdangubic 10mo ago
    100% - that is the case. except this current "bubble" has been "bubbling" for years now (just look at HN commenters since say 2023-ish). the funny thing is something at some point will happen and there will be a pullback in the market (it's been on a run for waaaaaay to long) and everyone will be like "hey hey hey, see, told ya so, this was bubble all along" except most people that say we are in a "bubble" cannot even define what the bubble is what will it meant for it to pop. Cisco-like?! That is too much?! Perhaps 1/2 of the Cisco!? 1/4? no one knows but for sure I am expecting (markets are that way) that whenever there is some form of pullback (large or very large or meh) HN will go nuts with "told ya so" the funny thing is, if you were invested in this bull run, even 45% pullback (certainly possible) and say you are an idiot (or just clueless) with a stoploss - you'd still be handsomely up from where you started from...
    - immibis 10mo ago
      Real bubbles also bubble for years. You have done nothing to disprove a real bubble.
      - bdangubic 10mo ago
        so we were in a farm-it-by-hand bubble until we invented tractors? :) I am not trying to disprove the bubble because that is as impossible, you can’t disprove something which doesn’t exist other than in people’s figments of imagination. and whatever happens in the future the bubble people will find a way to justify that it was a bubble all along and non-bubble people will say it is a normal market correction after yeeeears of bull market. makes the entire bubble discussion meaningless
        immibis 10mo ago
        "you can't disprove something that doesn't exist" - Great, so you believe in God then. And Russell's teapot. And a natural number called fentanum, whose successor is itself.

refurb 10mo ago

Yup. It’s wild seeing the internet chat about the latest flavor of the week of “the sky is falling”. Try going back 1 year and look at those headlines. What you’ll find seem silly looking back.

bdangubic 10mo ago
this depends on which "headlines" you are looking at... if you are right/right-leaning your headlines from a year ago are much worse than those today, sky is falling, biden opened borders, immigrants are murdering 1/2 of the population, economy is shit, eggs are $20/piece... a year later, if you are left/left-leaning your headlines are "sky is falling, democracy is dying, corruption is through the roof, the country is hanging on by a thread..." too funny to observe what has become of America...

hshdhdhj4444 10mo ago

Coolest thing about you in the 50s is that you’ve spent your grandkids’ money (and used up their resources and polluted their environments) so you wouldn’t have to face any consequences for your poor decisions. Unfortunately your grand kids have run out of money and descendants to steal money from.

bdangubic 10mo ago
it is OK, I made enough for my grandkids and their grandkids so they'll be just fine. and all without stealing a penny from anyone (well this is a lie, I did steal a chocolate once from a grocery store to impress a girl but I think I'll be forgiven for that...)

coldtea 10mo ago

If you're in your 50s you should have at least noticed that things have gotten progressively worse, if not for you (e.g. working in FAANG and getting by better than ever) for the majority in all kinds of ways in those 50 years: housing costs, healthcare, jobs, public debt, private debt, it's a huge list. So, yeah, those "shit is really bad, sky is failing, bubbles are bursting" shit has been consistently right all those years, and it will get worse. Of course some people only grok that things are bad when it happens to them personally. 80% of the people could be coughing blood outside their door, but as long as they get their bonuses, all is fine, as far as they're concerned.

bdangubic 10mo ago
> If you're in your 50s you should have at least noticed that things have gotten progressively worse... This is exactly what I am saying, things have gotten progressively worse. The argument most people are making here is that the worse is not progressive, that it is somehow last 11 months that shit's been going really, really bad (just note how many people are talking about "degree" and "scale" of shit in this thread alone. As if somehow sky is falling right now and it was amazing before. funny thing is - same people back in October during the election campaign were pitching how economy is "great" and how they do not understand how GOP can run on economy platform when US economy is doing amazing, much better recovery post-COVID than any other country without a doubt. now though, economy is really bad, just horrible, can't be any worse :) in both cases, the 80% of the people you are mentioning are suffering, they were in October and they are even more so now. but everyone is in their own bubble, the "opposition" (myself included) in the current political order is saying "oh shit's really bad now" and "ruling party" people are like "oh man, how great are things, tariffs are doing their thing, exports are up, imports are way down, market is red hot..." etc...

breakds 10mo ago

People born in different eras often develop different worldviews by the time they reach their 50s. Not everyone is lucky enough to be born in the "right time".