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User Info In-Your-Face Felonies, Willfully Ignored; entered at 2019-04-25 16:55:34
Tickerguy
Posts: 157226
Registered: 2007-06-26
@Mr_Clueless -
Quote:
What makes you think an economic disaster is coming? People have been calling for it since 2009 but it has not happened. There are problems but it's not something that is going to cause a disaster. If one lives one's life forever preparing for a disaster that doesn't happen, is that a life worth living?

There were plenty of people who were utterly destroyed in 2008, losing literally everything.

And in 2000, for that matter. I knew someone who got buttraped in 2000 by taking exactly your attitude in the late 1990s and wound up blowing his own head off when he realized he was going to go from being very well off to literally homeless and jobless and there was nothing he could do about it. If he hadn't been such a pig he would have had less but been more-or-less ok. He was one of the dudes that taunted me through the last two years of my running MCSNet that I hadn't aggressively bought, on margin, every Internet stock out there as I was sure to make 10 or even 100x my money doing it.

What makes you think it can't happen again when it did twice on roughly 10 year intervals, and what makes you think you're immune, especially since you can't predict the magnitude -- but the last one was worse than the previous one, and the imbalances that were present in 08 are larger now -- just as they were in 08 .vs. 00.

Never mind that if you put that effort in and it DOESN'T happen what have you lost? Less glam and bull**** that you couldn't really afford in the first place? If you live like it CAN'T happen and it does you may well be at best eating catfood, and at worst BE food.

Frankly if you do that and it happens, given your attitude you deserve it.
2019-04-25 16:55:34