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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (107733)1/21/2012 1:03:19 PM
From: John Vosilla  Respond to of 149317
 
level of gloominess. I think it is most certainly higher than in 2007, but I don't think it's high enough given the risks on the horizon.


I totally disagree. I would say you had a small factiion of what would today be Ron Paul type supporters mixed in with a decent housing bear segment back then along with some antiwar protest types maybe at most 10-15% doom and gloom in 2007. Most people I knew who were gloomy back then were my friends on SI on the net as in the real world no one cared about these issues back then.

Today if you add up the angry right wing faction, goldbugs, those hurt by the housing crash, those downsized or couldn't replace their former jobs, those tired of the wars, the politics, the constant bickering and anger all around them I would place the gloomy percentage at perhaps 70-80%.. Maybe Bentway and others have a better grasp on the figures..

To me the 'risks' on the horizon from all this spending and monetary expansion as I only play the stock market seasonally anyway and live in ground zero of the housing bust is hyperinflation down the road at least in my world.. But that risk turns into an opportunity for those positioned for that one anyway. My other fear is the GOP gets to control everything and starts WWIII..