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The doomsayers waiting for the economy to crash

21 点作者 saq7大约 1 年前

7 条评论

throwaway22032大约 1 年前
The thing is that the economy in the West hasn&#x27;t actually &quot;crashed&quot; in any meaningful way in my lifetime. Maybe during Covid, kind of, when we had supply chain issues for a bit? A lot of that was self inflicted too.<p>A crash to me is like, I wake up, £1 is worth 50p and in one fell swoop I&#x27;m significantly net negative every month. Or like, the supermarkets start closing down, there&#x27;s no fuel left in the petrol stations, etc.<p>A crash is not - things cost 5%, 10% more over a period of months, and it&#x27;s a bit harder to find a job.<p>I grew up without even getting pocket money, I have a &quot;reverse inheritance&quot; e.g. I pay my parents on occasion, the memetic idea that everyone who isn&#x27;t underwater comes from Big Money(tm) just seems like self destructive behaviour to me.<p>I just don&#x27;t identify with the mindset. My feeling is that most people prioritise other things over their financial wellbeing because they think that&#x27;s &quot;normal&quot; or whatever.<p>All you need to do to almost completely immunise yourself against this stuff is to spend, say, 70-80% of what you earn, less if that&#x27;s viable. There is someone out there already, in your town, who earns about 70-80% of what you do, so just live like them.
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trickleup大约 1 年前
Interesting little observation (take from it what you will)<p>If you search youtube for &quot;2024 financial crash&quot; you will hit quite a few results<p>If you search youtube for &quot;2023 financial crash&quot; you won&#x27;t find anything, they delete them all NYD 2024
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thegrim33大约 1 年前
One of the millions of ways you grow wiser as you grow older is from collecting more data. You get a first hand view of decades and decades of fear mongering and people saying some catastrophe is right around the corner. You see that over all those years, 999 times out of 1000 nothing ever happened.<p>Yes, sometimes catastrophe does indeed happen, and yes, you should be responsibly prepared for it when it eventually occurs, and I am. But I wonder how strong of a correlation there is between age and people with severe beliefs along these lines.<p>It&#x27;s infinitely worse now, of course, as with the internet and mass media these ideas are effectively viral memes that can reach and swarm the population quickly and easily.<p>Even worse, a lot of it is intentional and adversarial - if you wanted to destroy a country&#x27;s economy, it would be an extremely cost effective strategy to simply flood the country&#x27;s internet with doomer posts about their economy, about their country, get the citizens fear riddled and have them lose faith in their country. Never have to fire a single bullet.
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jmathai大约 1 年前
If you follow some basic rules, you don’t have to worry about economic fluctuations or crashes.<p>1) Save diligently.<p>2) Think in terms of 5 or 10 years.<p>3) Have sufficient cash accessible for emergencies.<p>4) Do not over leverage yourself such that a job loss or housing crash will immediately crush you.<p>5) Diversify your assets sufficiently. Don’t have all your money in your company’s stock.
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pinewurst大约 1 年前
<a href="https:&#x2F;&#x2F;archive.ph&#x2F;ASTYl" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;ASTYl</a>
steelframe大约 1 年前
I honestly don&#x27;t remember how much I &quot;lost&quot; October 6–10, 2008 or February 24–28, 2020. I certainly won&#x27;t remember how much I &quot;lose&quot; in the next crash.<p>What I do know is how many shares I still hold of a broad range of companies with a track record for growth today and how much they&#x27;ve collectively risen in value between October 5, 2008 and May 11, 2024.
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RecycledEle大约 1 年前
&quot;Doomsayers&quot;??<p>Optimists invest in stocks.<p>Pessimists invest in bonds.<p>I invest in beans, bullets, blankets, and bandages.