GP On one hand, good news for consumers. Yay, cheap gas! On the other hand, awful news for consumers. Boo, no jobs!https://twitter.com/WSJ/status/676381677929684992 …
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Replying to @Gormogons
@Gormogons I split 40 cords of wood ... And now oil is so cheap that we're leaving the wood stacked and heating with oil this winter.1 reply 0 retweets 0 likes -
Replying to @Gormogons
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@Gormogons I fully expect that are heading into next recession. Timing is right. 2008 + 7.1 reply 0 retweets 0 likes -
Replying to @Gormogons
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@Gormogons exactly. There are 2 reasons I am extremely risk averse these days: 1) wasted peak earning yrs in my 30s w mediocre small biz1 reply 0 retweets 0 likes -
Replying to @MorlockP
2/ the fundamentals of our economy are terrible. Labor participation rate terrible. Baby boomer explosion coming. No '08 recovery
@Gormogons1 reply 0 retweets 0 likes -
Replying to @MorlockP
3/ I don't want to go full cynic, but I can't see how we get back to a 1980s / 1990s economy from here. We're !@#-ed.
@Gormogons2 replies 0 retweets 0 likes -
Replying to @MorlockP
4/ Probably this just means eurosclerosis, but the chance of Unexpected Really Bad Shit™ has gone from 0.001% to 3-5%.
@Gormogons1 reply 0 retweets 0 likes -
Replying to @MorlockP
5/ So I'm very iffy on saving money in conventional ways (cash, stocks) bc values no longer based on fundamentals but on politics
@Gormogons1 reply 0 retweets 0 likes
6/ So I pay down mortgage & do improvements...the same way people do in times/places where other capital formation doesn't work.
@Gormogons
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Replying to @MorlockP
7/ Probably / maybe betting against America is stupid, and I miss out on the next big stock market rally and never retired. :-/
@Gormogons1 reply 0 retweets 0 likes -
Replying to @MorlockP
8/ But having once been crushed under $600k of small biz debt and knowing how that squeezes the air from your lungs...
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