Bulls Vs Bears

setmefree2

Life goes on. It's only a recession. It's not like it's WW2 or being diagnosed with a terminal illness is it? Alot worse things happen at sea and all that...

setmefree2

boyse7en wrote: »

I've got a nice house, a loving partner and a beautiful daughter
I enjoy my job
I've got my health
I live in wonderful area, where i can enjoy beaches, clifftop walks, national parks and more all for free

to all that

Wookster

boyse7en wrote: »

I've got a nice house, a loving partner and a beautiful daughter
I enjoy my job
I've got my health
I live in wonderful area, where i can enjoy beaches, clifftop walks, national parks and more all for free

Sorry I should make my OP clearer. What do you have to be positive about economically? I.e. why do you think that it won't be a severe recession?

Really2

Wookster wrote: »

Are you actually capable of having a discussion without having a dig at someone?
You just can't handle a different point of view can you?

Wookster wrote: »

I've been wandering for a while now how people can possibly be optimistic in the face of ever more gloomy news.

The reasons I think we're in for a very serious time over the next 5+ years are:

1. Massively over inflated house prices which are simply far in excess of long term averages
2. Enormously high levels of personal & corporate debt. Repayment/ inflating away this would be extremely destructive.
3. Accelerating levels of public debt
4. Perhaps most worryingly, the enormous global trade imbalances (trade surpluses & deficits) that need to be rebalanced
5. The energy/ climate crisis (end of cheap energy) and the world's unpreparedness

What do you have to be positive about?

Your thread is about you having a problem seeing other peoples views.

Dithering_Dad

purch wrote: »

Why does it always have to be Bulls versus Bears ?.

It is possible to see both sides of any argument occasionally.

There are plenty of things to be positive about.

You don't automatically have to take a negative outlook in the face of bad news.


In my opinion the most postive thing is that the looming Depression will ultimately wash away decades of rampant greed and economic mismanagement, and bring about a readjustment and reassessment of Economic theory, while many of the current theories will be exposed as incorrect and redundant.

I'm 47 now, and I know that when I reach 57 the World be be a much different and better place, even if the journey to get there is painful for many.

Totally agree, I can be either bull or bear depending on the subject matter. !!!!!! and now Wookster could never really understand that people are not born into these camps.

I'm quite bearish as far as the economy and house prices are concerned, and I have been for a few years now and so I started overpaying my mortgage, reduced my outgoings by getting better deals on insurance and utilities, put my investments into cash or cash funds and started salting away a large emergancy fund.

This has made me quite bullish about the Dither household finances. We have a third less mortgage debt, we have enough emergency savings to keep us ticking over for 12 months and our investments have not been devastated by the large stockmarket drops.

I also have a short-term contract that is very highly paid and will soon be starting a new permie job with a final salary pension. All in all, things are looking good for our medium and long-term financial future.

stevetodd

boyse7en wrote: »

I've got a nice house, a loving partner and a beautiful daughter
I enjoy my job
I've got my health
I live in wonderful area, where i can enjoy beaches, clifftop walks, national parks and more all for free

Well said! I was once in a car crash and it took 4 years to fully recover (although I was walking almost normally after only 2 years) and after that experience I can certainly appreciate being healthy. I did eventually make a full recovery.

ad44downey

chucky wrote: »

Why do the mods allow these people to use these multiple user names?

I dunno. Ask pickles or dan, they might know!

StevieJ

kabayiri wrote: »

I believe a recession like the one we face gives us a chance to re-evaluate our priorities.


Can we redeploy highly intelligent people from working on finance products into physical and software products we can sell to the world ?
.

Great point, a number of the great minds have been recruited into banking because of the rewards. I hope they have more success on future physical products, I just hope I am not flying on one. :eek:

setmefree2

stevetodd wrote: »

I think you have hit on something ther Chucky I think pessimists are far less likely to suceed in life as they will always find more downside and be too wary. Cautioness is of course necessary but a pessimist is likely to be over cautious and miss out.

I believe I'm an optimistic pessimist

I always think the worst will happen (and plan for it) but I always believe I'll get through and cope.

Wookster

Really2 wrote: »

Your thread is about you having a problem seeing other peoples views.

I'm trying to understand how people can be short-medium term optimistic economically. Lostinrates sums it up nicely - long term you have to be positive however short-medium term I think we're in for an awful lot of pain and I just don't see how anyone can be positive (aside of the great bargains to be had at the moment).

There's quite a difference between trying to understand and having a dig (which you might like to explain to chucky and dithering dad.