I think the majority already understand that. I’m not looking forward to seeing my retirement account and investments fall off a cliff and not come back up for years. But since we’re already in a bubble that will violently pop, people would rather get it over with sooner than later.
Again I really encourage you to check out the report I linked. It’s about 50 pages of actual reading but it’s worth it. Every paragraph is damning. We are completely screwed. I don’t think it will recover within our lifetime. GenX, Millennials, and probably even the older half of GenZ will never be able to retire.
As I said above, I don’t think there’s a solution. I know we’re doomed. I’m not suggesting anything. My initial point was only that it’s foolish and mean to cheer on the pop, because it doesn’t mean what a lot of people seem to think it means.
Saying “Can’t wait for this to pop!” to me reads like, “I can’t wait for millions of people to have their lives ruined while governments divert all our funds to billionaires as they fly off to their islands to watch the hunger games.” The only people who are going to be hurt when everything collapses is us.
Also fwiw the report does have a “What we can about this” section, outlining what they think needs to be done to contain the fallout before it swallows everyone. That’s kind of the real point of the document: “Here’s 50 pages on how this is about to destroy the life of every living person. Here’s how policy makers and business leaders can soften the blow.” But it’s all recommendations for government regulations, “no bail outs,” and sound economic advice for the bubble-blowers. So, none of that is going to happen.
I think the majority already understand that. I’m not looking forward to seeing my retirement account and investments fall off a cliff and not come back up for years. But since we’re already in a bubble that will violently pop, people would rather get it over with sooner than later.
Again I really encourage you to check out the report I linked. It’s about 50 pages of actual reading but it’s worth it. Every paragraph is damning. We are completely screwed. I don’t think it will recover within our lifetime. GenX, Millennials, and probably even the older half of GenZ will never be able to retire.
Say we did read that report. What is the alternative to the bubble pop? What are you suggesting be done instead or to mitigate the fallout?
As I said above, I don’t think there’s a solution. I know we’re doomed. I’m not suggesting anything. My initial point was only that it’s foolish and mean to cheer on the pop, because it doesn’t mean what a lot of people seem to think it means.
Saying “Can’t wait for this to pop!” to me reads like, “I can’t wait for millions of people to have their lives ruined while governments divert all our funds to billionaires as they fly off to their islands to watch the hunger games.” The only people who are going to be hurt when everything collapses is us.
Also fwiw the report does have a “What we can about this” section, outlining what they think needs to be done to contain the fallout before it swallows everyone. That’s kind of the real point of the document: “Here’s 50 pages on how this is about to destroy the life of every living person. Here’s how policy makers and business leaders can soften the blow.” But it’s all recommendations for government regulations, “no bail outs,” and sound economic advice for the bubble-blowers. So, none of that is going to happen.
Foolish, sure, but you understand that the cheering is against the rich people, right? Like maybe by people don’t own stocks?