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Post Reply People are afraid!
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24 / M / USA
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Posted 12/1/15
Everywhere I go, people are talking like something big and scary is happening in the economy. Seems to be a great deal of fear. At the same time, nothing fundamentally has changed with regards to the economy. In fact, commodity prices have declined, which may benefit producers. If real estate prices fall, we may see more buyers coming to the table.

Wallstreet is just a distraction as far as I am concerned. Can anyone give me any real reason to be afraid?
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32 / M
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Posted 12/1/15
eh. people are always saying that.
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40 / M / USA
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Posted 12/1/15
I'll be fine
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24 / M / USA
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Posted 12/1/15

dotsforlife wrote:

I'll be fine


You must be rich!
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40 / M / USA
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Posted 12/1/15

biscuitnote wrote:


dotsforlife wrote:

I'll be fine


You must be rich!


Depends on what you define as rich. Either way, nothing to fear if you're smart with money.
Posted 12/1/15
Can't be spooked by something you don't understand.
Posted 12/1/15
It doesn't happen that fast.
It's going to take a while to see any drastic changes.
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23 / M / Texas
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Posted 12/1/15
Don't know

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28 / M / Oklahoma
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Posted 12/1/15

biscuitnote wrote:

Everywhere I go, people are talking like something big and scary is happening in the economy. Seems to be a great deal of fear. At the same time, nothing fundamentally has changed with regards to the economy. In fact, commodity prices have declined, which may benefit producers. If real estate prices fall, we may see more buyers coming to the table.

Wallstreet is just a distraction as far as I am concerned. Can anyone give me any real reason to be afraid?


Banks collapsed in a day. We're seeing student loans overtaking credit card debt and getting to levels that predict another bubble. For profit institutions have been gaming the system to hide actual default rates. Inability to buy homes due to loans that are nearly impossible to pay back on false promises given to children that don't know better have slowed down various markets. Homes are being purchased later which has caused other effects on the economy. As automation has increased, jobs that could be given to laborers that didn't want to go to higher education are getting phased out for machines or simply sent oversees. As such jobs that didn't require higher education before now do, and ultimately we've ended up with education inflation. The middle class is also getting shrunk in various forms with wages stagnating.

The good news is that some companies are bringing these jobs back, and some jobs are hard to export so with a declining workforce are opening up opportunities (the US is in need of skilled welders for example). Some manufacturing and the like are coming back with small companies. They can't afford to keep people in China over QA, so they receive a "gold sample", place a huge order, then get left holding the bag. Sleek-Audio about went bankrupt and found out the cost savings v. brand reputation were not worth it bringing manufacturing back to the US.
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Posted 12/1/15
It is what it is ~
Posted 12/1/15 , edited 12/1/15
If your life is on the stock market, then be afraid. If not, then you can worry about other things. Like the prospect of WWIII and the annihilation of the extremist factions who threaten the free world. Then there's the possibility of Western civilization collapsing due to all the corruption.

Perhaps things will fall apart just to fall into place. We'll just have to see.
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F / Colorado
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Posted 12/1/15
If we set foot in Syria, economy improves. Improves greatly if we go to war.

If we start bombing the oil fields as some have question why we have not, gas prices go up. This means, everything else will go up: food prices, gas at the pumps, companies will add a surcharge to home deliveries or service calls, companies will layoff people.

If there is another major event such as 911 in the USA, 10 times worst than the above scenario.

Government shutdown on December 11 if budget does not pass. This could affect some people. Especially, government workers, contractors, vendors doing business with government, etc. More people in the unemployment line. No money in pocket, no money to spend.
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39 / Inside your compu...
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Posted 12/1/15
wut this gravy train's gonna keep going for ever and ever and ever


Keep those money printin' presses printin'
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16 / M / Ente Isla
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Posted 12/1/15

zinjashike wrote:

Banks collapsed in a day. We're seeing student loans overtaking credit card debt and getting to levels that predict another bubble. For profit institutions have been gaming the system to hide actual default rates. Inability to buy homes due to loans that are nearly impossible to pay back on false promises given to children that don't know better have slowed down various markets. Homes are being purchased later which has caused other effects on the economy. As automation has increased, jobs that could be given to laborers that didn't want to go to higher education are getting phased out for machines or simply sent oversees. As such jobs that didn't require higher education before now do, and ultimately we've ended up with education inflation. The middle class is also getting shrunk in various forms with wages stagnating.

The good news is that some companies are bringing these jobs back, and some jobs are hard to export so with a declining workforce are opening up opportunities (the US is in need of skilled welders for example). Some manufacturing and the like are coming back with small companies. They can't afford to keep people in China over QA, so they receive a "gold sample", place a huge order, then get left holding the bag. Sleek-Audio about went bankrupt and found out the cost savings v. brand reputation were not worth it bringing manufacturing back to the US.


^ This.
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23 / M / Kaguya's Panties
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Posted 12/1/15
The world is coming to an end.
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