I think everyone has been negative about the economy over the past 3 years. Isn't the negativity bubble going to pop one day and people will bring stocks back up and the economy?Is the negativity bubble going to burst anytime soon?
Home prices in many markets are 55% off their highs. Unemployment is nearly 10% using the government's rigged calculations - by the calculations used just 15 years ago the unemployment rate would be nearly 17%. Interest rates are at all time lows and house sales are still lower than since the 1980s. The US has a budget deficit of over $1 trillion, the social security trust fund is running out and we are devoid of leadership in a Congress that spends money like a bunch of drunken sailors. This country has lost its manufacturing base and leadership in business. We are seeing China and India gaining fast on us and instead of teaching our youth the skills they need to keep the US competitive, we give them a steady diet of Snooki and other drunken sluts for them to pattern their lives after.
With things going so well, that negativity bubble will burst anytime now.Is the negativity bubble going to burst anytime soon?
It hasn't been all negative, or how fast we forget when it comes to the stock market. In 2009 we saw a ton of optimism, and probably put stocks a little overvalued. Yes, though the stock market has been hit with some negativity in the last few months. The threat of a double dip recession and an ensuing crash in the market is keeping people worried. The stock market will go up eventually, but when it happens is anyone's guess.Is the negativity bubble going to burst anytime soon?
No, everyone is henceforth perpetually negative.
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