Debtquity

And I thought I was a doomer.

I drove my Indian co-worker up to Loon Lake powerhouse the other day, among 14-feet of snow on the first brilliantly clear day in weeks. The conversation, however, was quite dark.

We've differing perspectives on things, having spent the first 35 years of our lives 13,000 miles apart. He is much, much more socially conservative than I, but we share in interest in fiscal conservatism. I think it is this facet that has turned him to the dark side -- he's effectively bankrupt. He got caught up in the bubble/boom as did a few other million consumers Americans and now owes much more on two Elk Grovian housal units than they are worth. He didn't just stop at one; no, he decided that the two of them needed 3,000 square feet instead of that ridiculously cramped 2,300 unit, and "purchased" it two years ago. Today even that unit maintains a fair degree of debtquity, having also fallen in value since 2009.

Nonetheless, I was taken aback at how the world is going to fall apart over the next ten years, in a completely different way that I had envisioned, according to him.

I enjoy opposing viewpoints; not that I'm very good debating them, but man, this conversation led me to wonder how, exactly, is this blog viewed from the outside...I like to believe that I'm not really that far out in left field, more like shortstop. But I do know I take a position that doesn't fall within general consensus. Maybe because it doesn't feel good to read.

He's lost most of his wealth since immigrating, and most certainly that contributed to his jaded outlook. Perhaps that was the basis for such a position; he does so because he fuckered away ten years' output on bad investments. I wonder, then, how is it that I maintain a fairly similar prediction for this nation without having had such an experience.