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TonightYou

Well-Known Member
I don't know and can't speak on behalf of St0w as to why he feels negative about the future. Perhaps you should ask him.

And if you can't understand why the metrics I've laid out are better indicators than your polls, I'm not going to dive into economics and economic behavior. It's well documented and if you want reading suggestions I can dig some up.

Otherwise have fun with your silly polls.
 

st0wandgrow

Well-Known Member
You didn't answer my direct question. I'll try again:

Why do I keep spending, trading, and investing, since I definitely believe in continued unravelling of the nation?

I notice that you also failed to respond in the same manner concerning the 'stOw scenario'. He also states an unhopeful view - so, he also should have withdrawn from economic participation?

[wiggle wiggle wiggle...]

The biggest reason that I have a negative outlook is that I feel the game is rigged. A handful of folks in this country have most of the wealth, and they want MORE. Our government is supposed to be a check-and-balance. The wealthy have figured this out, and have discovered that by greasing palms they can control the check-and-balance system. Greed disgusts me.

Have my spending habits changed since cluing in to this? Yes they have. I have completely pulled out of the stock market. Every penny of it. I now make a conscious decision to avoid spending money with corporations (whenever possible) and instead chose to support local, small businesses. I'm not sure that I spend any less money than I did 10 years ago, but I certainly spend it differently now.
 

TonightYou

Well-Known Member
The biggest reason that I have a negative outlook is that I feel the game is rigged. A handful of folks in this country have most of the wealth, and they want MORE. Our government is supposed to be a check-and-balance. The wealthy have figured this out, and have discovered that by greasing palms they can control the check-and-balance system. Greed disgusts me.

Have my spending habits changed since cluing in to this? Yes they have. I have completely pulled out of the stock market. Every penny of it. I now make a conscious decision to avoid spending money with corporations (whenever possible) and instead chose to support local, small businesses. I'm not sure that I spend any less money than I did 10 years ago, but I certainly spend it differently now.
I share a similar ideology that the game is over all rigid for the average American. I also shop locally, don't patronize business I don't agree with (political or business ethics).

But pulling out of stocks? Hell no! I have made such a decent mint off the market in the past few years there is no way I miss opportunities to buy companies at a discount or further make gains in my IRA or 401k.also made some decent coin off some tech stocks.
 

TonightYou

Well-Known Member
My best performers? Emerging markets. Man did I buy a shit load when the recession hit and kept buying. Seen over a 100% increase in multiple funds over 6 years
 

st0wandgrow

Well-Known Member
I share a similar ideology that the game is over all rigid for the average American. I also shop locally, don't patronize business I don't agree with (political or business ethics).

But pulling out of stocks? Hell no! I have made such a decent mint off the market in the past few years there is no way I miss opportunities to buy companies at a discount or further make gains in my IRA or 401k.also made some decent coin off some tech stocks.

I cant participate in the stock market in good conscience any more. The sole purpose of companies that are publicly traded is to grow. More more more. They need to show growth for their investors no matter the consequences, whether that be slashing employee salaries, benefits, or cutting corners and polluting our air and water. It's a game I refuse to play.
 

TonightYou

Well-Known Member
I cant participate in the stock market in good conscience any more. The sole purpose of companies that are publicly traded is to grow. More more more. They need to show growth for their investors no matter the consequences, whether that be slashing employee salaries, benefits, or cutting corners and polluting our air and water. It's a game I refuse to play.
I do understand and agree with you. I just know money makes more money than labor ever could (some exceptions obviously). I work for extremely rich people and their salaries while high, are nothing compared to the money their money makes. We are talking about grandkids today being millionaires and their kids being millionaires.

My issues with stock market are, companies only caring about the next quarter, companies buying political influence, companies exploiting labor and the environment.

Seems like some failed economic 101 and the concept of externalities. Another reason I'm strongly for carbon taxing. It worked amazingly well for Sulfur Dioxide.
 

st0wandgrow

Well-Known Member
I do understand and agree with you. I just know money makes more money than labor ever could (some exceptions obviously). I work for extremely rich people and their salaries while high, are nothing compared to the money their money makes. We are talking about grandkids today being millionaires and their kids being millionaires.

My issues with stock market are, companies only caring about the next quarter, companies buying political influence, companies exploiting labor and the environment.

Seems like some failed economic 101 and the concept of externalities. Another reason I'm strongly for carbon taxing. It worked amazingly well for Sulfur Dioxide.
I know that money makes money. I have simply chosen to apply that elsewhere. I now invest in people, and property. The money that I otherwise would be plugging in to stocks are now invested in to my company (more employees, that are better compensated) which in turn grows my business. Every one involved wins..... and I sleep better at night. :sleep:
 

TonightYou

Well-Known Member
Ah I didn't know you had your own business. Good for you! Won't ask any questions as a public forum, but you know who I work for or at least should ;)

I freelance on the side. It definitely helps having that extra income, soon I won't have to though, but may just to help paid down the student loans (or wait ten years for them to disappear).
 

st0wandgrow

Well-Known Member
Ah I didn't know you had your own business. Good for you! Won't ask any questions as a public forum, but you know who I work for or at least should ;)

I freelance on the side. It definitely helps having that extra income, soon I won't have to though, but may just to help paid down the student loans (or wait ten years for them to disappear).
Honestly, I don't have a clue who you work for, or what you do. I think it involves politics ..... maybe? lol
 

TonightYou

Well-Known Member
Honestly, I don't have a clue who you work for, or what you do. I think it involves politics ..... maybe? lol
Well I'm involved in politics but I've kinda soured in participating recently. The one time we met up, not on my side of town is the building I work in. The name of a tenant should instantly ring a bell.
 

TonightYou

Well-Known Member
Ehhhhhh nope, no bells going off. lol
Lol, obviously I don't wanna out myself. But since I know you and trust you is why I mention it. But if you were so inclined to look at the tenant list, you'd be able to figure it out pretty easily.

Nonetheless wealth begets more wealth.
 

Amos Otis

Well-Known Member
I don't know and can't speak on behalf of St0w as to why he feels negative about the future. Perhaps you should ask him.
I didn't ask you why he feels negatively - he's already explained why.

I asked you - specifically, why two known examples of future negativity - stOw and I - haven't stopped participating in normal economics, like purchasing/spending. I have not, and I assumed stOw still makes money and spends money, as well.

How many times do I have to ask you to explain why that doesn't jive with your optimistic/pessimistic indicator theory? We're negative, yet we contribute to the economic indicators that you keep saying show that we are actually optimists.

Try to respond directly, because I think your 'theory' is nonsense.



And if you can't understand why the metrics I've laid out are better indicators than your polls, I'm not going to.......
Let me finish that sentence for you:
".......try explaining why the two people who have dim hopes for the future do not fall into the behavior pattern I said that pessimistic people do."

Lay out all the metrics you want. Your theory is nonsense, and I just [again] gave you two examples which, so far, you won't / can't refute.
 

Amos Otis

Well-Known Member
I'm not sure that I spend any less money than I did 10 years ago, but I certainly spend it differently now.
As I guessed. Prioritized spending is not less spending.

In fact, in my own example, I'm spending more. Freewheelin' Franklin's famous quote was dead on then, and is so today. Substitute 'food / necessities' for dope.

Having a pile of money that can't be spent is very poor planning. Half the pile, and spend the other half for what you'll need and possibly can't get later.

 

TonightYou

Well-Known Member
Refuting mean evidence, you provided antecedents.

When the outlook for a country is going down, such as civil unrest, drastic political changes (regime changes), or war many things start to happen that can be observed. Consumption of basic needs increases drastically. Luxury goods and conspicuous consumption drops. Lending becomes frozen. Savings and liquidation of banks begins to occur. Just a few telltale signs these metrics offer.

Now why is that in contrast to yours and St0w's viewpoint? Cognitive dissonance for the most part is my main suspicion followed by the exact reason I laid out of the errors of polling people with such questions.

As I stated, the economic behavior overall does not reflect the stated sentiment you keep repeating.
 

Amos Otis

Well-Known Member
I now invest in people, and property. The money that I otherwise would be plugging in to stocks are now invested in to my company (more employees, that are better compensated) which in turn grows my business. Every one involved wins..... and I sleep better at night. :sleep:
But......according to TY's indicators, as someone who has a negative view of the future.....you're supposed to not be considered a positive influence on economic indicators. Didn't you realize that? :eyesmoke:
 

Amos Otis

Well-Known Member
Now why is that in contrast to yours and St0w's viewpoint? Cognitive dissonance for the most part is my main suspicion......
No kidding !? We both suffer anxiety that results from simultaneously holding contradictory or otherwise incompatible attitudes, beliefs, or the like?

Well...I can't speak for stOw, but....shazam. I guess I need a toke
 

TonightYou

Well-Known Member
I'm getting bored with this and I feel you are being disingenuous Amos. I've been pretty patient on trying to explain this, and as an individual actor, a metric may not necessarily apply to you, but to the country as a whole.

My point being saying "I feel doom and gloom" by the polls, yet the economic behaviors are not reflecting that is an example of how self reporting has validity issues and reliability concerns.
 

Amos Otis

Well-Known Member
I'm getting bored with this and I feel you are being disingenuous Amos. I've been pretty patient on trying to explain this, and as an individual actor, a metric may not necessarily apply to you, but to the country as a whole.
BS. It doesn't apply to stOw either. Nor anyone, until an event that triggers the circumstances they fear actually occurs - which is when your indicators will reflect their economic behavior.

People will cling to normalcy as long as they can - buying and selling and working jobs, and running businesses, feeding and clothing their family because......what else are they supposed to do? :roll:


 
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