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.
@Gormogons
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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%.
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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
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Replying to @MorlockP
6/ So I pay down mortgage & do improvements...the same way people do in times/places where other capital formation doesn't work.
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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. :-/
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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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Replying to @MorlockP
9/ what can I say? I'm risk averse. Just like your old Depression era grandparents. "Save that pickle jar! Save that string!"
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Replying to @MorlockP
10/ "Don't trust the banks!" On the bright side, at least I cook better than my depression era grandmother. (Not that hard!)
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@mgarfias @BrowningMachine @Gormogons my (chicken) stock grants are in the shelter.
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