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yep , the chicken littles hate it when they get left behind . they like it when everyone does as poorly financially as many of them here do . then they don't feel so bad and they can blame everything and everyone around them for their sluggish financial growth .
if many of them spent as much time learning to play the cards they are dealt or looking for opportunity as they do complaining about the dealer they would likely be better off .
yep , the chicken littles hate it when they get left behind . they like it when everyone does as poorly financially as many of them here do . then they don't feel so bad and they can blame everything and everyone around them for their sluggish financial growth .
if many of them spent as much time learning to play the cards they are dealt or looking for opportunity as they do complaining about the dealer they would likely be better off .
Indeed, as an investor, I've unfortunately found this sub-forum to be psychologically disconcerting, and a great cause of anxiety. There's a relentless drumbeat of mixture of (1) gloom and (2) excoriation of investors in stocks as being either gullible idiots or evil and heartless fat-cats. But it's also an addiction. I can't help peering in here for the latest gossip. It's financial pornography!
It's amazing how many people are convinced that society is incorrigibly corrupt, brutally unfair, built on a charade and a manipulation, broken, cancerous and in need of what might be termed purification through fire.
At the same time, I'm frustrated that corporate earnings aren't rising as fast as they should, and that foreign markets are lagging the US. So I'm not exactly an unalloyed optimist either. But I just don't see how today's travails are anything nearly as bad as what we had in 2008, or in the 1970s and early 1980s. Somehow, at some point, the world's corporations have to start making money again, and the world's stock markets have to start rising again. If not - there's always the "self sufficiency and preparedness" sub-forum!
If you cannot afford it, than you should not buy it. If no one can afford it, than perhaps the asking price is out of whack. Or perhaps it's simply not needed.
The free market is a wonderful thing.
So are deep capital markets. Without access to capital, people of talent born poor would never have an opportunity to move up. Without formerly poor people of talent being able to turn their talent into enterprises, other people wouldn't have jobs.
For centuries annual growth was a mere .1% a year in the middle ages. People then had to save up their gold, but if they didn't have any, well, too bad. Your status depended on riding the coattails of someone powerful, and then hanging on. Of course, that was a tremendous increase from the dark ages, where in the absense of any centralized power to enforce laws of lending, there simply was no economic growth.
Riding the bubbles can be stressful, but I'd rather dice it up and chance it instead of knowing my lot in life is set and there are plenty with no prospects ready to steal anything they could.
They utilize debt (in most cases) because they have no choice.
They do have a choice. People can just rent until they've saved enough to buy a house with cash. Which would be a long time or never for some. Not being able to realize "the American Dream" would cause some unhappiness. It would also cost people the ability to build wealth through leverage/debt, which surely happens over the long term(30-40 years) if you buy vs rent(hint:it has a lot to do with inflation). I clearly disagree that consumer debt is the bane of our economy. You guys who complain about the economy constantly can surely find a better culprit than that.
I'm not even going to get into the fact that credit cards properly managed can be a financial boon...
of course they can find other stuff that is the bane of our economy . just pick something . they have so much to choose from when you point fingers and want to lay blame on others rather then themselves and their own actions or lack of action .
But it's also an addiction. I can't help peering in here for the latest gossip. It's financial pornography!
Me too. I've been coming here lately because I find economic discussion very interesting, especially when it involves people smarter than me so I can try to get ahead of the curve. Seems like most articles on CNN/MSN/etc are very generic and lacking in insight. The problem with this sub-forum is the discussion just seems so one-sided and biased. Too many people rooting for a financial collapse, so I find myself taking everything they post with a grain of salt and not really gleaning much useful info, although there are some good posters
the biggest trap and point of financial failure folks hit is what i call they never sleep with the enemy .
they hang out with , high five with , read and support the views of only those folks who agree with them .
they never learn the other said well enough to make a valid decision so they just keep parroting those who support their view .
i have switched opinions over the years on so many things once i slept with the enemy and fully understood their side .
when you can argue for the other side as well as you can argue your side then you have a well rounded informed view .
you rarely see that well rounded informed view here . it is their view only as the correct view and it is usually a flawed and skewed view as they play amateur economist monday morning quarter backing things . .
usually they have these views pointing blame because they believe their own malarkey and don't do well financially.
those that want to succed will always find a way -the rest find an excuse
Last edited by mathjak107; 03-18-2016 at 08:11 AM..
yep , the chicken littles hate it when they get left behind . they like it when everyone does as poorly financially as many of them here do . then they don't feel so bad and they can blame everything and everyone around them for their sluggish financial growth .
if many of them spent as much time learning to play the cards they are dealt or looking for opportunity as they do complaining about the dealer they would likely be better off .
Personally, I feel I have done well enough. I could have worked some more OT here and there, but all in all, my life is extraordinarily easy, and I have no wants to speak of. I am satisfied with what I have, and do not have to worry about money.
My life is good, but money is not the reason. It's because I am naturally intelligent, rational, and a reliable worker. I was born lucky.
I have also made some money by day trading, along with investing in the stock market after the crash. I had a bunch of money sitting around when the recession happened. Again, luck.
Quote:
Originally Posted by ohio_peasant
Indeed, as an investor, I've unfortunately found this sub-forum to be psychologically disconcerting, and a great cause of anxiety. There's a relentless drumbeat of mixture of (1) gloom and (2) excoriation of investors in stocks as being either gullible idiots or evil and heartless fat-cats. But it's also an addiction. I can't help peering in here for the latest gossip. It's financial pornography!
It's amazing how many people are convinced that society is incorrigibly corrupt, brutally unfair, built on a charade and a manipulation, broken, cancerous and in need of what might be termed purification through fire.
At the same time, I'm frustrated that corporate earnings aren't rising as fast as they should, and that foreign markets are lagging the US. So I'm not exactly an unalloyed optimist either. But I just don't see how today's travails are anything nearly as bad as what we had in 2008, or in the 1970s and early 1980s. Somehow, at some point, the world's corporations have to start making money again, and the world's stock markets have to start rising again. If not - there's always the "self sufficiency and preparedness" sub-forum!
I have benefited from the actions of the Fed via job security and investment returns. It doesn't mean I have to be a cheerleader.
Quote:
Originally Posted by FCNova
Me too. I've been coming here lately because I find economic discussion very interesting, especially when it involves people smarter than me so I can try to get ahead of the curve. Seems like most articles on CNN/MSN/etc are very generic and lacking in insight. The problem with this sub-forum is the discussion just seems so one-sided and biased. Too many people rooting for a financial collapse, so I find myself taking everything they post with a grain of salt and not really gleaning much useful info, although there are some good posters
Who has been rooting for financial collapse? That would benefit no one except a very tiny, minuscule minority.
Quote:
Originally Posted by mathjak107
the biggest trap and point of financial failure folks hit is what i call they never sleep with the enemy .
they hang out with , high five with , read and support the views of only those folks who agree with them .
they never learn the other said well enough to make a valid decision so they just keep parroting those who support their view .
i have switched opinions over the years on so many things once i slept with the enemy and fully understood their side .
when you can argue for the other side as well as you can argue your side then you have a well rounded informed view .
you rarely see that well rounded informed view here . it is their view only as the correct view and it is usually a flawed and skewed view as they play amateur economist monday morning quarter backing things . .
usually they have these views pointing blame because they believe their own malarkey and don't do well financially.
those that want to succed will always find a way -the rest find an excuse
Hopefully you are not talking about me. As you would be thoroughly incorrect. By in large, I ignore almost all the noise and garbage, particularly the bloggers and doom and gloomers. I never suggested collapse was around the corner. In fact, I don't see how the US financial system could collapse with current status quo. They have ways of supporting the markets. Some light handed tactics, but also some heavy handed tactics when needed.
I use critical thinking skills to decide what to believe. Not propaganda.
my comments are not directed to anyone in particular but rather the forum as a whole . it is basically a lot of doom and gloomers who by and large appear to be miserable and unhappy because they are struggling financially . but as usual there are lots of others on the other side who don't whine about things over and over daily and are doing just fine .
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