[quote=FlyerInHi][quote=flu]I don’t know, I don’t think the economy is as bad as people make it out to be. At least not for some of us. I guess if you’re in the rustbelt regions, that’s a different story.[/quote]
I know a guy with a good job. I encouraged him buy a better house. He still thinks the economy will go to shit. Has been watching too much scare mongering.
I think a recession (2 consecutive quarters of negative growth) is a least 3 years out. But then the economy would have grown from what it is today. Some people think a recession as some calamity. It’s just normal business cycle.
Depends where in the rustbelt. Harrisburg has government, medical, etc. downtown is rejuvenating with new condos. Pittsburg has education and medical, new condos and lofts in the city. Except for the wealthy suburbs, the outlying areas aren’t doing well, but it’s the normal reshaping of the urban geophaphy.[/quote]
Most people can’t outsmart the economy consistently by being contrarian all the time. They might get lucky once or twice.
And if you are one the ones that think the system is rigged, even more of a reason why you won’t win being a contrarian over the long haul
