The blind optimism of the United States in the late 1980s and 1990s feels like a foreign country now
Hah, I haven't lived through optimism at all!! Joke's on you!(Born in late 90s)
My older (young teens) nephews have a mindset like this and I try to impart the wisdom that the collapse will be slow and painful, not sudden. Planning for your future still makes sense, unfortunately.
The
marketempire can remainirrationalin contradiction longer than you can remain solventThey're gunna' brand people's debt levels upon them just before total civilization collapse.
Take out a ton of student loans and leave the country so you don't have to pay them back
US gonna be sending death squads to indebted émigrés Gaddafi style (the latter being based)
The real trick is to rack up a fuck load of credit card bills as young as possible, then declare bankruptcy, and 7 years later get it all wiped and your credit score reset
what if someone racked up a lot of credit card debt, and then dropped off the radar and lived with some comrades for a handful of years?
haha jk
unless...
From my understanding your credit score can go back to being good within 2-3 years
Thankfully for me every few months there's another hurricane or pandemic or something and all the federal natural disasters keep reseting how late I am on my payments. I haven't even logged on to my account in like 3 years, i'm just going to ride it out until the state garnishes my wages or something and then idk, do some real fun adventurism at that point
Investing advice: The US can stay irrational for longer than you can stay solvent.
(edit: oops, RION beat me to it)
But can it stay irrational as long as it's taking me to get my Ph.D.?
