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?
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.
Where are the jobs?
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.
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.
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?
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.