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Ok… he effectively raised taxes by +10% on all goods…. eggs didn’t get cheaper aaaand… now the stock market has crashed as hard as a global pandemic/lockdown situation….
Why didn’t we just elect that nice, competent, black woman again? Why would the nice old white man have made the economy worse than this?
Isn’t that…. Isn’t That why republicans voted for T man, right? Lower taxes and a good economy?
Depression and low self-esteem often go hand-in-hand. Low self-esteem leaves individuals vulnerable to depression. Depression batters self-esteem. * “Depression often distorts thinking, making a once-confident person feel insecure, negative and self-loathing,” said Deborah Serani, Psy.D, a clinical psychologist and author of the book Living with Depression. Past positive or neutral thoughts become “I am incompetent,” “I suck at everything,” or “I hate myself,’” according to clinical psychologist Dean Parker, Ph.D. (On the other hand, “High self-esteem is associated with certain positive cognitions or beliefs, such as ‘I am good,’ ‘I am a success,’ ‘I am valuable to others,’” he said.) While low self-esteem may be deeply rooted, you can start chipping away at the layers of loathing. Each day, you can engage in an activity that improves your self-esteem. Below, Serani and Parker share their tips on strengthening self-esteem, whether it’s in the moment or over time. 1. Deal with
A U.S. debt default would result in multiple sovereign and corporate credit downgrades, widespread disruptions to collateral exchanges, and the triggering of disruptive legal clauses in a wide range of contracts. As hard as they try – and they would try very hard – central bankers from around the world would find it difficult to fully compensate by stepping in as reliable counterparties. The result would be cascading failures in financial markets that would meaningfully disrupt economic activities.
Mohamed El-Erian at The Atlantic. I Don't Know What Will Happen If We Default, and I Don't Want to Find Out
The CEO of Pimco, the world's largest bond investor, explains why breaking through the debt ceiling could create "a huge global mess."
