Search Results: Covid

Especially like myself, I've tried to learn as much as I can from my aging old man (while he's still as active and as mobile as any other average person, no walker and no cognitive decline, slight hearing loss perhaps?) from things like automotive maintenance, general maintenance around the house. To save on paying trades and paying others to do work some can do themselves "the basics" of course, nothing involving things best left to the professionals and the experts aka qualified people. I just mean basics like anything from basic car oils and basic maintenance, through to those chores you just learnt with life experience or being shown. Anyways, I liked having a slight sob today in the shower, just thinking how I'm now 30s and it's nice to still appreciate "a slight sob" from time to time to appreciate one's own ego mixed with others eventual mortality (aging) like whenever the day is (and however old I am myself) if my old man ever declines (put into a home) or passes away from old age. Yeah...😭😅 It's as much reflection as much as still appreciating while I've got what I've got before it's ever gone whether long time or short time, who ever knows as they say what's behind any curve or stray corner. Anyways 🧐 especially as I'm still 30s and, sure, to a degree I've been 'spoonfed' a lot until the last couple years after Covid I've been wanting to appreciate (which I already was) how time passes by. Especially 2022 onwards, the irony of the Queen not even making it to 100, sigh. Anyways. It's like extending car longevity, as another used car is still pricey compared to maintaining an existing with regular servicing by professionals and oil changes when due, new parts not unreliable ones. Etc. no advice lol - I've never wanted to be "that guy" who's been cotton wooled too often and couldn't take over the farm from day 1, there is no farm, yet you get the meaning, and life is so unpredictable, it's comforting to feel more educated than starting from scratch

The last financial crisis in 2008 was a long time ago so by 2017/18 I was on the lookout for signs it was going to happen again. Debt was high again so there could've been another crisis where people defaulted on loans and it caused a chain reaction but nothing happened. Then Covid came in 2019 and I thought for sure now this will be the trigger that causes everything to go up in smoke but no they just borrowed more money. They kept interest rates low way longer than any responsible person would do it. Now inflation is a problem too. I'm just wondering if they keep try and artificially get out of a crisis at some point the walls will be closing in on all sides and there will be no escape anymore.

The question is, wouldn't it be worth it to face a smaller problem earlier instead of punting it down the road and see when this time bomb blows up. I heard somewhere that soon the interest on the national debt alone will be bigger than the entire military budget. And that itself already includes a lot of wasteful spending. Right now I don't even feel like I can predict anymore when there will be another crash because the government will try to step in to try and stop anything bad happening. In theory you can keep doing that for ever until the debt can't be repaid and the dollar is worthless. Of course they won't want it to go that far. But it's practically impossible to judge when they think the right time is to step on the brake economically and stop mortgaging the future for today.

I feel like every economic principal has pretty much been thrown out the window in the last 20 years and now people in charge just do what they feel like doing. Whatever will cause them the least grief and get people off their ass that's the right decision. Doesn't matter if it's actually smart thing to do when you look at the big picture, we don't do that anymore.

I've been patiently waiting for another stock market crash, worldwide on scale, equivalent to 2007-2008 or equivalent to early 2020. Ironically in 2019 that whole year I waited, I waited, I waited and then I got caught off-guard by the 2020 Covid induced recession. Worldwide stocks dip. Sigh. Sigh. 🤑 📉 📈 💰 - I don't own shares, I just want the interest rate cuts worldwide. Haha. Mortgages, feels 🏠🏡