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My Porsche is on the way Originally Posted by Gunfighter
Airplanes and sports cars. The toys are the first things to go when people get in financial trouble.
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Hope your bunker is stocked too. Maybe this the rapture and armageddon too, better get right.Originally Posted by Archiee
You guys were all making cute jokes about this but now it seems it's real
crewdawg
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- Joined APCJul 2006
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Originally Posted by Archiee
You guys were all making cute jokes about this but now it seems it's real
Who is joking? Maybe a pullback, recession, etc... will help correct the current ridiculous housing prices.
DeltaboundRedux
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- Joined APCNov 2020
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The older I get and the more panicked headlines I'm exposed to, I remember this:Originally Posted by Archiee
You guys were all making cute jokes about this but now it seems it's real
The news cycle and social media is designed to scare you. Because it brings you back.
Doomscrolling and gaslighting are real. War, climate catastrophe, energy exhaustion, pandemics..etc. etc.
"Wow, it was a great day and my job/family/401k are doing great!" will never be a headline.
(Always best to live beneath your means and have a 6-12 month reserve)
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The last time we had a recession -- 2 consecutive quarters of negative GDP growth -- the media called it a non-recession because...reasons. Well, probably because of mid-term elections. I would expect the same this election season.Originally Posted by Archiee
You guys were all making cute jokes about this but now it seems it's real
A5S
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A5S
I agree with you and your assesment of the media. I also think post recession (or whatever label/definition) there will predictions of many more that will not materialize. I feel security in the fact that we will all go through it together and the cockroach nature of humanity will triumph once again. Some will fair better than others and the duration is unknown but adaptation has proven a formitable ally.Originally Posted by All 5 Stages
The last time we had a recession -- 2 consecutive quarters of negative GDP growth -- the media called it a non-recession because...reasons. Well, probably because of mid-term elections. I would expect the same this election season.A5S


