Topic: Has everyone become too pesimistic about the economy? - page 7. (Read 1089 times)

I never been become pessimistic about the economy since  I never depend on the government for my living.  I am a believer that whatever is happening in the surrounding, it is our own selves that can help our situation.  So if I felt pessimistic then it will be over for me.  To face the hard life ahead one must be motivated and optimistic about the future.  That will give us strength to go forward and at the same time put a smile in our lips.

The countries around the world are in debt like never before, the banks had created endless money at very low rates, the small banks will be swallowed up by the big ones and of course the losses will be for us citizens.

In many countries, young people can no longer buy their apartment, sometimes cannot rent either, some even have to stop their studies because of rental prices. Young Americans start their working lives over-indebted because of their studies, is that all normal ?

The situation seems much worse than during the subprime crisis in any case. People who leave their money in the bank lose it to inflation and some governments are likely to be tempted by bank account confiscations.

The economic situation is terrible and was before COVID because this system of debts is at the end of its rope, the shutdown of world economies has only made things worse, sometimes leaving people dependent on tourism with nothing.

But human beings are creative and most will find solutions regardless, maybe a minority, but there will be.

Recession is part of the business cycle. Economic crises will happen from time to time because it just can't be "up only" economy isn't sustainable.
And there is plenty of fud in the world that's never going to actualize, and it never runs out. Only you can decide how are you reacting to it. You can keep worrying but does that really help you? I don't see myself as too pessimistic even though i am often most pessimistic man in the room. I see myself as realistic who still enjoys life even though i can see the fragility of it.

we can also be conservative on these subjects so we won't be expecting a lot. if we are conservative, our decisions will be different as well. having reservations may save us from losing our funds. so for me, either you are pessimistic or conservative, is not wrong. you are just creating a safeguard of your hard-earned money. because at the end of the day, no one will help you but yourself.
now, with other things mentioned, those are out of our control. we can just change things for ourself.

I understand your point, things aren't as bad as the social media and the public describes, and I also agree up to some extent. However, it would be best to avoid making bold statements, because we don't know what the future holds for us.
Aren't we already in a recession? Inflation is through the roof, daily goods such as groceries, petrol, electricity are way too expensive compared to the last few years and there is no light in the end of the tunnel that they'll ever drop sometime in the future.
I don't quite understand what you're trying to say.
It's still possible, but not probable. I understand your point, and I also believe that it's unlikely because it would have already happened. However, this is what I'm trying to say about making bold assumptions: we're talking about a war, so it's easy to say that things can easily take a sudden turn for the worse. Let me also point out that humanity was endangered by the possibility of a nuclear attack during the Cold War; it's extremely straightforward to escalate into something larger.
That's true, but they can make our lives more difficult with regulations that could potentially hurt the cryptocurrency market, as we already saw with the SEC incident, which caused a large variety of altcoins to plummet and also affected Bitcoin, but not as significantly.
I don't doubt that, it's quite possible after halving to see a major recovery.

I can't say for my country, one minute we're happy that things are getting better, the next minute, we're drown in our fears.

It's worse now that we have a new leadership that is dreaded by even the young, we only pray for God's intervention else we're doomed

I get the idea but, it's hard not to be pessimistic about everything happening. 
The inflation rate keeps increasing, unemployment rates, cost of living, insecurities, violence, and every other negative thing happening in the world. Looking at how things are especially in developing countries there seems to be no light at the end of the tunnel. I don't believe there would be a world war or European war but I just don't see things getting better than they used to be or it better than it is now.

There is always a need to be optimistic but when all the economic indicators point to the fact that recession is around the corner, one will always lose hope. But so far the economy of my country is not doing badly because expected our local currency to lose value but it is getting stronger.

I am very optimistic that it will not go beyond Ukraine and Russia because the consequences will be devastating. The entire Europe will be in chaos and it will affect the world. If the economic effect of the war between these two countries was devastating what will happen if the war escalated to other parts of the world? I am believing that the war will end this year.

I believe that bitcoin will hit six digits in the future but I don't know when. I might not know the comprehensive purpose of these institutional investors but anything positive that can make bitcoin price rise is welcomed.

I believe that the government of my country will lift the restrictions placed on Bitcoin transactions. I am optimistic that my country will be one of the bitcoin hubs in my continent and people will be given freedom to use either fiat or bitcoin. Nobody will be forced to use a currency he doesn't want to use.

Maybe it's nothing to do with pessimism and more to do with historical precedent. Over many decades that free markets have been in existence, it has become clear there is a natural cycle between boom and bust. It is nothing to be afraid of and is similar to the seasons - you have darkness in winter (in most places not in the furthest hemispheres) and brightness in summer. In general you can expect a correction every 3 years on average and a recession every 8 years. When times are good, people get a bit overconfident after a while and start to borrow too much money. The cycle then goes into reverse when they have to pay it off and everyone has to knuckle down for the hard graft to pay it off.

I don't think most people think about all you put on your list, expect those that are watching the MSM and on Crypto twitter. The layman only cares about their pocket and their purchasing power. The standard of living is rising all over the world and people are concern about this because the wage or earning are playing catch up to one's expenses. The world currently needs more positive news than the negatives news we are bombard with daily but those that have been here for some time knows that it is a phase, and everything will be fine.

What makes me most pessimistic is the Ukraine and Russian war, which has the possibility of having a long storyline in conflict and makes sanctions that are the economy of other countries from the symbiosis of cooperation from the country that is sanctioned, if this continues and the conflict is getting bigger It might involve their respective allies to maintain their self-esteem or maintain their territories, and if they have involved the allies, maybe the war will become big even not only in Europe in other parts of the world will take part in helping his friends.
Especially if the nuclear has been on the explosion that makes me more afraid that it will have a bad impact on the world economy seriously, and it will be very difficult to restore, even more than 100 years.

The other points can still be restored with a certain period of time, but the tension of the war is more difficult.

It is not that we are being pessimistic about the economy, we are being realistic about it, the trajectory the economy is following can only lead to one outcome and that is its eventually crash, now this is not going to happen to tomorrow and it may even take decades to materialize but there is no other alternative, governments cannot escape this outcome no matter how many times they deceive their citizens into believing everything is OK, as more people are realizing this is not the case.

Wait for the Q2 GDP report for the U.S. before we get an idea of where things are headed. If the U.S. enters recession, it usually triggers a domino effect depending on the resilience of the particular economy. The U.S. has too large of a GDP and roots across the world which make economic activity rather centralized.

I've been predicting the economic doomsday scenario for the last two quarters and it hasn't come yet. I'm guilty of pessimism to the extent a skeptic would be but it does seem the economic indicators as of late have been more aggressively pointing towards a recession than before. Particularly job layoffs in the tech sectors is what's been of interest -- the tech industry might be in a bubble that's independent of other sectors, also something to consider.

We won't truly know till the reports are out.

That’s for sure but one or two years after the next halving is what I can’t speculate on although, the timing wasn’t one given out of greed. One or two years is actually enough for one yo expect 6figures on bitcoin price. It was already an expectation through the later part of last year and before the bear market struck but, it’s been recovering good through last week and now.

On the Russian - Ukrainian war, it’s hard to imagine how long it’s lasted but, it’s something I don’t see the rest of Europe taking much side in and that’s just hard for Ukraine.

Quite a lot of people are pessimistic about the Global economy because they think a collapse of the global economy would make Bitcoin price to appreciate to very high levels, i do not personally agree with that narrative, a collapse of the global economy into recession will definitely affect the price of Bitcoin, it will decrease Bitcoin adoption and demand and send the price crashing down. Having said that, i am not too pessimistic about the Global economy, but i am about the economy of my country, our government is taking backward steps and implementing regressive policies, and personally i can't see light at the end of the tunnel for the economy of my country.

Being pessimistic is like being hopeless toward a particular situation.
The Russian -Ukrainain war has taken a turn, what's left about being skeptical?
The optimist sees and hopes for the best.

As per the economy, I remain pessimistic though, unless multiple streams of income cease to exist or become a taboo in society. I don't think the economy (be it in recession or inflation) of anyone who always has money to spend on top 5 of their scale of preference weekly, would be noticeably affected if they have multiple streams of making money like BTC trading, content creation and other skills that can be remotely done from anywhere.

The whales can always influence BTC, but it is only going to be short lived as the idea of the man 'Gensler' concerning banning crypto, would be almost soon forgotten with other rising matters soon to befall the U.S market.

Of course, there is a possibility that the things you listed will happen. But most of the time I prefer to think about the bad and prepare myself. The state of the country's economy prevents us from thinking about the good. At the same time, the ongoing Russia-Ukraine war also causes us to look pessimistic. If I add the lawsuits against some cryptocurrencies and exchanges to these, being optimistic can lead us to a mistake.

Let's think and act on the negative, but if positive things happen, we will be happy and we will win.

Indeed, if you think about it, it seems that many people are too pessimistic about the current economic situation and what will happen in the future. It all happened, maybe because of the many incidents that have occurred in the past years, and maybe it was with these incidents that many people had pessimistic thoughts about the state of the economy.
These incidents have indeed had a negative impact on the state of the world economy. But what I feel is that the world economy is currently recovering and will return to a normal state.

Because I can distinguish my economic situation some time ago and my current economic situation. What I feel is that everything almost feels normal again, but not completely. I see that my neighbors have the same economic situation, and in my country it seems that the economic situation in almost all fields seems to be heading in a stable direction. With all of these things in place, I don't feel pessimistic about the future or current economic situation. Because I'm sure, currently the world's economy is trying to recover.

Likewise with the bitcoin/crypto realm, I am very optimistic that in the future, it will definitely be more open and increasingly in demand by many people. Even though there are currently a number of cases that have happened, I am sure that all these cases will pass and bitcoin will reach high prices, and other cryptos (altcoins) will continue to run.

It is hard to tell if the economy won't crash into recession but I know the political leader will always go for something that will be in their favor.

That depends on the government starting from now, especially toward cryptocurrency which is something they ought to tax and get more revenue from it but they choose to be against it.

This depends on the political leader who is playing the game of making fortunes from war. I learn that they are making a profit out of this war.

Yes, Gensler won't ban cryptocurrency and I believe he was fully aware of the potential of crypto before he applied for Binance Advisor years ago.

We may see more institutional investors but some institutional investors never leave.

Honestly, i am guilty about being pessimistic. With my current situation, my anxiety towards the future of my family relies on how the economic will grow. We can't deny the fact that the world situation is affecting not only in our own country but the whole world. Even one countries government create some preventive step to lighten the economic recession but every country is entwined in the global connection.