I see a lot of people who hate their jobs. I think your "Rodney
Dangerfield Syndrome" may explain a lot, though it's not clear which
is the cause and effect. I'd guess that low esteem leads to hating
one's job (and everything else). If you don't like your job, find a
new one. Some will (can?) never be happy, though.
I know people that hate their job, but when asked why they don't change
you hear "the money is good" Money is important, but not everything.
If I had a job I did not like I would have retired 5 years ago, but
fortunately, I like what I do and the people I do it with. But I have
cut back to 3 days a week now.
Yeah, I've been there too. The last five years of one job were awful
(the first fifteen or twenty were great, then it went downhill) but
there are always other jobs that pay well. It might take some work or
a venture outside the comfort zone to get there. In my case, I had to
move (ended up being three times in four years) but found an even
better place to be.
The bigger problem is that some will never be happy.
I told my wife that I'd retire if my job was no longer fun. She told
me that it had better be fun until at least next summer (mortgage paid
That's certainly not true in today's market. You practically have to
pay people to take your money--they (the banks) can basically get money
for free from the Fed. Obviously, the Fed wants you to spend--that's the
whole point of giving away money at 0% interest rate. I worry that if
and when it changes, we could see quick a dip from the DJIA at 18.5K.
Incidently, that side affect could really affect consumer
consumption/spending. I mean, people may stop eating! ; )
That's arguable, but you have a point. If you look at the economy as
a whole, saving is better than spending. Though when everyone is
spending (what they don't have) like a drunken sailor, including
government, maybe it is better to become a prepper and invest in
freeze-dried food. Stock plenty of ammo, too! ;-)
The bottom line is that you have to diversify pretty widely, right
now. I still don't think it's as bad as it was in the late '70s. The
"misery index" said it all. You could easily borrow money at
significantly lower interest than inflation. At least we're not that
The problem is going to be when interest does increase, the government
won't be *able* to pay the interest on the Obamadebt. Rates have been
artificially held down by things like QE1/2/3 but they can't go on
forever. The bill for Obamaspending will come due!
Theoretically if the government could pay the interest rates they could
pay down the debt.
But the government will be able to pay the interest, it will print more
money and the value of the dollar will drop so that every one pays.
Actually with the dollar's value ever lowering, it's probably better to
spend it now.
And if you believe that things will crash again shortly, better to spend
it now, while it is worth something.
Glass half empty.
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