Has everyone become too pesimistic about the economy?

[martinex]

I simply don't see where the recession of a thing or the economic instability of the USD is coming from. Fine, they are not yet entirely out of the wood but the days of desperation and panic are certainly not now.

I think people's purchasing power is weakening which is participating in this and then energy commodities are shooting up, causing inflation to soar high. Yes. Hot inflation has made the world's central banks decide to tighten monetary policy by raising interest rates. In the end, this was considered a recession trigger.
     

[Broly46]

I had already feeling the recession kicking in, I do not know what is your living conditions, but I am living as frugal as possible very recently, it is insanely familiar to me, remind me of my life somewhere around 2008, I remember seeing and feeling the surrounding...

About the rest of the point 2, 3 and 4, those are thing that's not within our control, and I also do not see there is slightest possibilities of thing goes bad, TO DON'T is TO CAN'T, the point 2, 3, 4 is the thing you hope to tackle but you simply CAN'T: soft-landing but how? Escalating war but how? Ban bitcoin but how to ban bittorrent? Six digit price but how? None of them seem possible within a person capability nor with a big team

Am I being very pesimistic? Although I try not to mislead, it is very bad to mislead because too often misleading would work against me too in the long term and turn me into misdirectional guy, like a deranged and confused, yelling at everything child-like creature that don't even have working toward a common goal, but totally clueless, and may possibly got killed and not knowing why and how you got killed. See how many brain dead guy got killed by a jew-jab and totally clueless and not knowing the truth behind this vaccination complex and conflict around them teeheehee.

[eightdots]

I simply don't see where the recession of a thing or the economic instability of the USD is coming from. Fine, they are not yet entirely out of the wood but the days of desperation and panic are certainly not now.

I think people's purchasing power is weakening which is participating in this and then energy commodities are shooting up, causing inflation to soar high. Yes. Hot inflation has made the world's central banks decide to tighten monetary policy by raising interest rates. In the end, this was considered a recession trigger.
     

While it is clear that difficult days will come, people act pessimistic because they see the possibility of this happening. There is no point in being pessimistic when difficult times come. That's why the behavior people do now is quite normal. I think not being pessimistic at this stage is like being a dreamer.

Being pessimistic can sometimes lead to not making mistakes. This behavior of people stems from their own instincts and is a very natural behavior.

[Sayeds56]

I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

The economic predictions and geopolitical events often unfold differently than how they are perceived by the general public. It is important to think positive and avoid excessive pessimism and consider optimistic possibilities for keeping moral high. I agree with your viewpoint that economy will not crash to the level recessions as central banks worldwide have taken appropriate measures to avert such crisis. Furthermore, the growing popularity and increasing participation of prominent Institutions like BlackRock in Bitcoin, can eventually pave the way for its acceptance as both a legitimate method of payment and promising asset for investment.

[Questat]

I simply don't see where the recession of a thing or the economic instability of the USD is coming from. Fine, they are not yet entirely out of the wood but the days of desperation and panic are certainly not now.

I think people's purchasing power is weakening which is participating in this and then energy commodities are shooting up, causing inflation to soar high. Yes. Hot inflation has made the world's central banks decide to tighten monetary policy by raising interest rates. In the end, this was considered a recession trigger.
     

While it is clear that difficult days will come, people act pessimistic because they see the possibility of this happening. There is no point in being pessimistic when difficult times come. That's why the behavior people do now is quite normal. I think not being pessimistic at this stage is like being a dreamer.

Being pessimistic can sometimes lead to not making mistakes. This behavior of people stems from their own instincts and is a very natural behavior.

It is a matter of fact that whatever happens to our economy, we have to remain strong and face the challenge unless we don't need to survive.
We can't easily give up because our economy went down, such a mindset will take you down and make you feel hopeless. Instead, we find ways to help ourselves without thinking about what the government can do for us. We are still able to survive this troubling economy if we work hard and take every opportunity to earn money.

[Uruhara]

I simply don't see where the recession of a thing or the economic instability of the USD is coming from. Fine, they are not yet entirely out of the wood but the days of desperation and panic are certainly not now.

I think people's purchasing power is weakening which is participating in this and then energy commodities are shooting up, causing inflation to soar high. Yes. Hot inflation has made the world's central banks decide to tighten monetary policy by raising interest rates. In the end, this was considered a recession trigger.

One of the triggers for a recession is caused by the central bank's efforts to fight inflation by raising interest rates. This triggers a withdrawal of money circulation which causes economic flows to slow down. And the second trigger is the awareness of the people themselves who are starting to realize the importance of saving and making preparations to face an economic crisis that could occur at any time. This makes people save more and not spend a lot of money. This causes financial flows in the market to decrease. In fact, it is suspected that people's purchasing power has decreased. And that's when a recession occurs, namely when people's purchasing power decreases as a result of the country's economy not improving within a certain period of time. And I think something like that is happening in my country too. It's just that now the condition has improved. So I hope a recession can be avoided.

[Juse14]

The economy is always a frightening specter in our lives, in fact someone can lose hope and confidence when they are at their lowest point financially. In fact, quite a few relationships are destroyed because of the existing economic problems and if we look back, the highest number of cases of household divorce is many. motivated by unstable family economic problems.

However, I am sure that if something we continue to do well, it can also have a good impact on ourselves and can change our lives both financially and in terms of thinking. And I'm sure that when I get involved in the world of bitcoin and crypto it can change my thinking and my life financially.

[Wind_FURY]

Man, OP started this thread back in June and although the stock market has had some dips there has yet to be the big crash that I've been waiting for....for years now.

Because of the tightening, rate hikes and "higher for longer", then "be careful what you wish for". You might get what you want and although it might be an opportunity for you, you might not actually like it if you see its effects on friends and relatives.

As I've said before, I get mixed messages from the media and other sources about the state of the economy--and usually I pay no mind to what economists say, because they're wrong more times than they're right.  I look at what t markets are doing, because they can't lie and they can be 'wrong' but not for long.  But seeing how much debt the US has and how much prices are going up, I guess I am kind of pessimistic.

In the U.S., it's not just its debt. It's also about inflation and how "sticky" it currently is. It's laughable that everyone still believes the the Federal Reserve is in control. Inflation is in control, and it can't be controlled unless there's a recession. Jerome Powell can't have both a "soft landing" and a win against inflation.

And you know what would help that mind set?  The government having a plan to get us out of this shit they got us into.  But nope, they're about to shut down again temporarily.  The rest of the world might be A-OK, but the US is fuckitty-fucked.

The Market Crash Of October 2.

Plus if U.S. Markets crash = Most of the rest of the world will also crash.

[slapper]

The economy is always a frightening specter in our lives, in fact someone can lose hope and confidence when they are at their lowest point financially. In fact, quite a few relationships are destroyed because of the existing economic problems and if we look back, the highest number of cases of household divorce is many. motivated by unstable family economic problems.

However, I am sure that if something we continue to do well, it can also have a good impact on ourselves and can change our lives both financially and in terms of thinking. And I'm sure that when I get involved in the world of bitcoin and crypto it can change my thinking and my life financially.

Yes, I can see and feel the shadow that the economy does to people. The terrible weight it puts on ties, hopes, and dreams. Its broken a lot of times. The harsh figures that show that financial instability is linked to a lot of divorce paint a sad picture. The gloominess is unmistakable, no? But I believe there is a light in the dark. I agree with what you say about working hard to do well and getting into bitcoin and crypto as ways to change. Im familiar with those waters. Its a place where being financially independent is real and possible. Its not all pretty, though. The price swings and the uncertainty? Its all included. Its about not giving up and making smart, well-informed decisions. I can see how it could change the way money works, give people back control, and maybe even fix the problems in their lives that are caused by economic depression.

[Sayeds56]

In the U.S., it's not just its debt. It's also about inflation and how "sticky" it currently is. It's laughable that everyone still believes the the Federal Reserve is in control. Inflation is in control, and it can't be controlled unless there's a recession. Jerome Powell can't have both a "soft landing" and a win against inflation.

Plus if U.S. Markets crash = Most of the rest of the world will also crash.

You are absolutely correct in your assessment that maintaining a delicate balance between controlling inflation and achieving soft landing is a very challenging task for Federal reserve chairman.There is no doubt that current economic situation is very tough but still FED has some additional tools on their disposal, such as reviewing current exchange rate of US Dollar and making necessary adjustments to boost US exports. This would be a difficult decisions and may have its consequences but it can potentially provide relief to US economy while also contributing to stability in financial markets.

[Wind_FURY]

In the U.S., it's not just its debt. It's also about inflation and how "sticky" it currently is. It's laughable that everyone still believes the the Federal Reserve is in control. Inflation is in control, and it can't be controlled unless there's a recession. Jerome Powell can't have both a "soft landing" and a win against inflation.

Plus if U.S. Markets crash = Most of the rest of the world will also crash.

You are absolutely correct in your assessment that maintaining a delicate balance between controlling inflation and achieving soft landing is a very challenging task for Federal reserve chairman.There is no doubt that current economic situation is very tough but still FED has some additional tools on their disposal, such as reviewing current exchange rate of US Dollar and making necessary adjustments to boost US exports. This would be a difficult decisions and may have its consequences but it can potentially provide relief to US economy while also contributing to stability in financial markets.

It's not just Jerome Powell, it's very obvious that Christine Lagarde of the European Central Bank is having a very hard time controlling inflation while also trying not to cause a recession. The E.C.B. is having the hardest time that it's currently going to rely to A.I. to "better understand inflation". Hahaha. Laughable. Perhaps in six months it's going to ask A.I. to help them better understand the recession that the E.C.B. itself will cause.

https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230928~3f76d57cce.en.html

Shameless. Why won't they admit their incompetence and leave?

[Juse14]

The economy is always a frightening specter in our lives, in fact someone can lose hope and confidence when they are at their lowest point financially. In fact, quite a few relationships are destroyed because of the existing economic problems and if we look back, the highest number of cases of household divorce is many. motivated by unstable family economic problems.

However, I am sure that if something we continue to do well, it can also have a good impact on ourselves and can change our lives both financially and in terms of thinking. And I'm sure that when I get involved in the world of bitcoin and crypto it can change my thinking and my life financially.

Yes, I can see and feel the shadow that the economy does to people. The terrible weight it puts on ties, hopes, and dreams. Its broken a lot of times. The harsh figures that show that financial instability is linked to a lot of divorce paint a sad picture. The gloominess is unmistakable, no? But I believe there is a light in the dark. I agree with what you say about working hard to do well and getting into bitcoin and crypto as ways to change. Im familiar with those waters. Its a place where being financially independent is real and possible. Its not all pretty, though. The price swings and the uncertainty? Its all included. Its about not giving up and making smart, well-informed decisions. I can see how it could change the way money works, give people back control, and maybe even fix the problems in their lives that are caused by economic depression.

Everything we do of course contains risks, including in the world of crypto and bitcoin. Even when you leave the house to shop at the supermarket on your motorbike, even though you have driven well and obeyed traffic signs, the risk of you having an accident is still there, namely being hit by another person who is driving recklessly. . Likewise with the world of crypto and bitcoin, no matter how smart and wise you invest in it, this can still pose a risk.

But behind it all, I have the belief that crypto and bitcoin can change someone's life financially. Because if I only focus on a risk and don't want to take it, then my life will be monotonous without any progress within myself.

[TelolettOm]

- Institutional investors will come back and take Bitcoin to six digits

Do you mean whales?
They must try to take profits as much as possible. When the hype of six digits to achieve, they probably will support it. But we don't know whether the price will really reach $100k or not. However, the next ATH should be above the last ATH ($69k).

What I am optimistic about is that bitcoin will get to six digit which is 1$100000 or above. A time is coming when bitcoin will grow bigger. Let us see what will happen after the next halving, I think bitcoin will get there some months, 1 or 2 years after next year halving.

That's what every Bitcoin holder is trying to feel optimistic. I'm feeling the same, too.
However, we are still far from $100,000. BTC price is still around $26k - $27k. In the current situation, I believe many people still doubt about the six digit. But I never feel doubt about the impact of halving, it always brings significant influence.

[poodle63]

its not pessimistic but rather realistic, things have been changing slowly now we are faced with massive inflation, basic needs are rising in price, basically it means we have lesser buying power.
thats why many are trying to contend against such inflation through investing hoping the investment return would surpass the yearly inflation so their wealth still intact if not growing.
even right now there are massive fuss about housing being unaffordable I don't know whether it directly correlates to the economy but it seems each individual
hardly acquire property, therefore many are pessimistic, its just happening in a continent though, the whole world is having the same problem.

[tread93]

I have generally felt a negative sentiment towards the economy recently from all sources that I have come in contact with. Physical (word of mouth), Social (twitter, IG, Facebook), I hear jokes/remarks in the office. My gut feeling. Hopefully everything ends out alright, our best bet is to challenge that inner negative feeling and speak out agains all the negativity and hope for positive outcomes.

[Latviand]

With all the news of the economy being on the negative side and people feeling the effects of that said economy, I think it's understandable why a lot has become pessimistic, it's not like they can do anything about it individually, it's the government's incompetency and stupid policies that has lead us to this point, unless people start thinking about putting the competent personnels on the critical parts of the government, there's no change and the pessimism will eventually become the norm.

[fuguebtc]

With all the news of the economy being on the negative side and people feeling the effects of that said economy, I think it's understandable why a lot has become pessimistic, it's not like they can do anything about it individually, it's the government's incompetency and stupid policies that has lead us to this point, unless people start thinking about putting the competent personnels on the critical parts of the government, there's no change and the pessimism will eventually become the norm.

Are you sure that changing the government apparatus will be able to improve the national economy and people's lives will be better? Honestly, I have not seen any government that is so dedicated to their people, they always take care of themselves before they think of others. Look at the presidential candidates, when calling for elections they talk very well but when they achieve their goals, what they do is completely opposite to what they declared.
Anyone is greedy, including you and me, we would criticize and blame them but if we were in their position. We will also be greedy and always put personal interests first, that is human nature.

[Wind_FURY]

- Institutional investors will come back and take Bitcoin to six digits

Do you mean whales?

Whales? Not mere "whales" ser. Institutions like BlackRock. Institutions that will make us scared about what could happen to the network if they HODL more than 50% of the supply in their vaults. Those kinds of people.

They must try to take profits as much as possible. When the hype of six digits to achieve, they probably will support it. But we don't know whether the price will really reach $100k or not. However, the next ATH should be above the last ATH ($69k).

I believe not, and I believe we're talking about different groups of people. The whales of Bitcoin and shitcoins are not "the actual whales" of the real world.

[kojektea]

The large number of investment facilities now makes people more lazy about doing long-term business. Moreover, investment starts with very minimal capital and the income is quite good. I think this certainly brings down long-term traders in their business because many are starting to become less interested in industries such as import and export. The impact is indeed pessimistic for long-term traders.

[Uruhara]

I have generally felt a negative sentiment towards the economy recently from all sources that I have come in contact with. Physical (word of mouth), Social (twitter, IG, Facebook), I hear jokes/remarks in the office. My gut feeling. Hopefully everything ends out alright, our best bet is to challenge that inner negative feeling and speak out agains all the negativity and hope for positive outcomes.

Negative sentiment has become more pronounced lately. Several months ago I was still optimistic about the economic condition of my country. But now it seems that more people are complaining that the economy is getting more difficult. In several areas of my country there is even a market which is usually always busy with visitors who want to shop. But in the last few weeks it has been reported that visitors to the market have decreased drastically. I initially thought that this might be what is called a recession. where people's purchasing power has indeed seen a decline. But then the thought was resolved. It turns out that the majority of people here now shop online. So it's not surprising that traditional markets are quiet. my only worry is dealing with the current hot weather. which brought the agricultural sector to a standstill. and caused food prices to increase drastically.