After a few hours here and there yesterday, this was my first full day back at work since the Christmas break and it didn't feel that great. It wasn't a bad day or anything, but due to various circumstances, I ended up being in the office until 6pm, which is almost two hours later than I should be working and then, the drive home.
Still, it is better to have a job, than not have a job at this time as I suspect, those without jobs are going to have some challenges paying their electricity bills, which for today, was 10% more expensive than yesterday on the average price, but it will be 20% cheaper tomorrow - "cheaper" still means 600% more than it was on Sunday.
Details, details.
With so many "big numbers" floating about and a general sense of hopelessness detected in the voices of many, I assume that a lot of people are starting to just say, "fuck it" and go about their lives normally, forgetting about the increased costs. Personally, I feel I should do the same, but I am not going to because my head tells me that if I do, the cost is going to be far higher than my current fed up emotional intuition is currently indicating.
After talking to several people about this over the last few days, I think a lot of people are going to end up saddled with more debt than they think they will and, longer terms on their mortgages, as many are going to "interest only" payments for 2023, which essentially puts them a year further back on their mortgage, gaining the bank an extra year of reaping interest. Still, without the option to do this, I think a lot of regular people would be in the position where they may lose their house, just because they couldn't afford to keep them heated.
Insanity.
Currently, there are so many things to consider that are impacting on each other in a dynamic way that most people haven't really had to think much about ever before, that it is understandable that we are struggling. I know I am, and I have been in crypto for a while and therefore used to dealing with overly complex processes and numbers. The average person is used to having all of this managed for them in a relatively thoughtless way, as it is generally pretty "balanced" meaning that there aren't the extremes and volatility.
Dealing with disruption.
I think many people are getting a bit of a taste of what disruption tastes like, where there lives have been near immediately impacted and their behaviors have had to change on a dime. This is not normal for most of us in our day to day lives so again, it is no wonder that we are going to make some pretty bad decisions along the way.
The worst mistake I think many are going to make is turning a blind eye to it all and instead of facing their discomfort and fears, they will find ways to ignore it by drawing their attention to other things - anything. Entertainment will take a lot of time and energy from many people, some will turn to other pursuits, but fewer will face circumstances and dive into the details of their pain, though this is essentially what will increase their chance of survival and speed their recovery.
He who recovers fastest.
And speed of recovery matters in investing, as while there might be blood running down into the streets, the earlier the flow can be stemmed and then used to invest into the market before others, the larger the gains to be made. Speed of recovery takes a mental recovery too, especially after facing what most will recognize as a stressful set of conditions, like prolonged economic collapse and the personal effect it has on us.
It isn't personal.
This is something that should also be remembered, is that while we are affected personally, very little of what actually happens in the economy is personal, because it is performed at a macro level by people who don't know or care about our lives at all. To them, we are just numbers too - entities that will make them more, or cost them more, and we are treated like the numbers they see us as. Perhaps rather than spending our time on the irrelevant drama of the social feeds, we should get into the numbers and start becoming comfortable with the details.
Become Devil hunters, and hunt them where they live.
It's nothing personal
Taraz
[ Gen1: Hive ]
