Chasing Doomsday
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Mornings like this I like to sit with a cup of coffee watching the crawl on Bloomberg TV as my finances slowly improve. This morning I checked their website to see what Secretary Yellin had to say about the likelihood of raising rates this year and in the corner was one of those ubiquitous ads about some expert “Breaking his silence” and how I’ll never believe what he has to say about just how bad the US economy is. They’re right, I won’t believe it any more than I have believed any of the nonsense about impending doom since the bull market began after W went back to Texas and Obummer took office. I know many who missed out on it because of “experts.” Are they now out campaigning for Trump or are they simply out.
“We are now facing serious economic problems in the United States.
And it’s about to get much, much worse.
The evidence is piling up all around us…
In recent months, we’ve seen nearly $8 trillion disappear from world stock markets… and a whopping 70% of investors lose money in 2015.”
Last time I checked this is the second half of 2016 and the markets have been setting highs. Growth in GDP is very modest compared with India and China but unemployment is under 5%. But hey, some people avidly watch Fox News and buy books from “experts” who are selling investment strategies based on impending doom. Same guys who were telling us to to buy gold at $2000 as a hedge against the coming disaster and right before that market collapsed? But hurry! Do it soon!
Remember that guy on TV in 2006 who was telling you to borrow 125% of the value of you home to “jump on a hot stock?” But do it now before it’s too late and the Liberals shut us down. Come to think of it one Mr. Trump thought that would be a good year to start peddling mortgages. What a genius!
“In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,”
Said Chairwoman Yellin this morning, but what does she know? She’s not even selling advice and advice is worth what you pay for it, right? No you can’t trust the government in this modern age when NOAA and NASA fake all their climate data and every university fakes their research just to harm the coal industry and kill jobs. Besides the Experts are breaking their silence. There is no drought in California — and buy now before “they” take the site down! Follow the experts. The end is upon us.
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The bigger question is why do we allow ourselves to be persuaded by this “the sky is falling” nonsense? Are we really that gullible?
Yeah, unfortunately we are 🙁
Clearly we are Jerry!
So when doomsday finally arrives, regardless of the cause, I wonder how many of will marvel and say “Jeepers?” Not a one I expect. There is no son of god because there is, after all, no god. Was that off topic?
It seems everything we read and see is all about “doomsday.” If Trump is elected it will be “doomsday.” If Obama is elected it will be “doomsday,” with the same for Clinton, the economy, climate change, and gun control. The only one that might actually bring about doomsday might be climate change.