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kestrel: blog

kestrel's blog


who are the 10%?

Published Oct. 12, 2008

The vast majority of Americans are dissatisfied with the direction of the country. So who are the 10 percent who think everything is A-OK?

By Steve Tuttle | Newsweek Web Exclusive

Oct 11, 2008 | Updated: 5:01 p.m. ET Oct 11, 2008

 

Read the Article

The article concludes:

“I'm betting the NEWSWEEK poll's 10 percenters are like the ones I met on Pennsylvania Avenue: überoptimists who see this financial-core meltdown as "just a flesh wound," like the Black Knight in Monty Python's "Holy Grail" who keeps fighting after King Arthur lops off his arms and legs. "I've had worse," the knight says. So has the United States, and maybe that's what the "satisfieds" understand that the rest of us don't.”

  =  =  =  =

America is a very lucky country. We have an amazing infrastructure, arable land, a temperate climate, vast raw materials, and a free, democratic society. Our people are at core innovative, charitable, friendly, and community oriented. Things have certainly been better, but a bad day in the life of an average American citizen is 100 times better than the best day in the life of 50% of the world. No matter what may come in the weeks and months ahead, I know with certainty that I have been immeasurably blessed to be born American.

Turn off the news; put down the newspaper; listen to your heart. As you hear the refrigerator hum, the bacon sizzle in the frying pan, the birds chirp in the trees, or the children playing in the yard down the street, you too will be thankful for being an American, at this time or any other.

God bless you all. God bless This Land.



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Now, I, like Steve am also optimistic that the stock market will recover in the next 10-15 years before I retire. I really feel for those reired or about to.

To keep everyone calm, the experts will tell you how the stock market works. And I quote: "All That Money You Lost - Where Did It Go? Surprise! It Was Never Really Money In The First Place" http://www.cbsnews.com/stories/2008/10/11/national/main4515429.shtml?tag=topStories;secondStory

My Answer to that is that it was real money when I put it in the stock market in the first place.

Of course, I agree with Steve. If you're sittin' pretty like he is, it's a great time to buy into the stock market.

I'm with Rick, never let my credit get away. always stayed with in my means. hell I am so stingy I barely use caps anymore.

I'm taking my money out of my 401 (whats left) and buying lottery tickets. At least it's more fun and it won't be a slow death. :)

And then there are those who diligently saved, never took out a lot of debt, saving for the day they could retire and enjoy the fruits of their labor. You know, the American dream.

Only to watch it all disappear when the market collapsed.

I think those people are totally right. fear is a horrible thing, and it quickly spreads to cloud judgment. Maybe this is a good reminder that we should appreciate the present moment more. What we have is unstable, but not disastrous yet. Why make it so, and assume that things will go worse? Let's smell the flowers and see that, all considered, we still have much to be thankful for.

What a pleasant thought first thing in the morning!

I'm a ten percenter right here. I don't see doom, but opportunities. A stock market collapse is an opportunity to pick up real bargains. A housing price collapse is an opportunity to pick up units very inexpensively to rent. A collapse in the price of futures markets is an opportunity to make money as prices begin to rise again. A devaluation in the currency is an opportunity to purchase toys for far less than you could before. A collapse in the collectables market means that people will be selling what they own at dirt cheap prices to pay their bills.

And none of that would be possible if it were not for stupid people who insisted on living paycheck to paycheck, never putting a single penny behind them to tide them over so they were not forced into emergency sales of assets.

I'd say so, yes.

Mrkagain - And we take the freedom to do that so lightly, don't you think?

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