Message from @pratel

Discord ID: 469382582329671682


2018-07-19 05:52:50 UTC  

I have no idea why there's a pokemon go event there. My guess would be that it's the largest city in the midwest.

2018-07-19 05:52:54 UTC  

sorry im not a dad but i sure love my dad jokes

2018-07-19 05:53:12 UTC  

But yeah, stuff like that tends to accelerate the decline. But it need not be the single trigger of the decline.

2018-07-19 05:53:16 UTC  

I just meant cuz they share the name GO

2018-07-19 05:53:35 UTC  

Ok. you got me.

2018-07-19 05:53:40 UTC  

lmao.

2018-07-19 05:54:21 UTC  

Chicago hasn't seen much decline since the 90s yet

2018-07-19 05:54:47 UTC  

Detroit was seen as an ugly city in decline in the 80s.

You can limp for a long time.

2018-07-19 05:55:15 UTC  

And nothing is ever certain.

2018-07-19 05:55:17 UTC  

Chicago had decline in the 80s too

2018-07-19 05:55:41 UTC  

Fair.

2018-07-19 05:55:56 UTC  

60s to 90s decline

2018-07-19 05:56:06 UTC  

and mostly stable since

2018-07-19 05:56:21 UTC  

Almost as many people coming in and being born as leaving

2018-07-19 05:57:26 UTC  

could be on a trend of one step up two steps down though

2018-07-19 05:57:40 UTC  

It's hard to say.

2018-07-19 05:57:42 UTC  

Still looks like decline would be slow

2018-07-19 05:57:52 UTC  

then all the boomers with the pensions die

2018-07-19 05:57:56 UTC  

But it's in a dangerous position and could very well be following Detroit.

2018-07-19 05:58:22 UTC  

For sure its going to be hairy when this next economic bust comes

2018-07-19 05:58:48 UTC  

I could agree with that.

2018-07-19 05:59:08 UTC  

I am pretty convinced there will be one within next 12 years

2018-07-19 05:59:13 UTC  

I mean.

2018-07-19 05:59:21 UTC  

The economy goes up. The economy goes down.

2018-07-19 05:59:30 UTC  

It's never going to be just monotonic.

2018-07-19 05:59:38 UTC  

There will be one eventually.

2018-07-19 05:59:41 UTC  

Some downs are way bigger than others

2018-07-19 06:00:10 UTC  

I'm not going to bet on the next downturn. These things can be kinda dicey to predict.

2018-07-19 06:00:19 UTC  

you know the saying about economists.

2018-07-19 06:00:38 UTC  

We are on such a big upturn, and that is generally a decent indicator

2018-07-19 06:00:55 UTC  

not always perfect though

2018-07-19 06:01:05 UTC  

I can agree. But predicting these things is hard.

2018-07-19 06:01:36 UTC  

If you ever figure out the trick let me know. Could easily make billions just sitting on the computer making bets on wall street.

2018-07-19 06:02:39 UTC  

I am mostly just going off of the crypto bubble and how big our boom is right now

2018-07-19 06:03:55 UTC  

idk how reliable the crypto bubble is as an indicator

2018-07-19 06:04:46 UTC  

People borrowing to buy speculative goods, lenders get burned, and borrowers lose assets

2018-07-19 06:04:47 UTC  

i mean the whole thing with how easily liquidatable those digital assets are

2018-07-19 06:05:24 UTC  

Crypto struck me as a classic tech hype personally.

2018-07-19 06:05:47 UTC  
2018-07-19 06:05:52 UTC  

Something like that could have triggered a downturn, but it didn't.

2018-07-19 06:05:58 UTC  

Yeah. dot com is a good example.