Their excessive debts and a bursting of the housing bubble may not cause a recession by themselves, but they could certainly exacerbate a downturn caused, say, by a global recession.Nevertheless, most Australian economists remain cheery, expecting the expansion to continue.
These months can be even more terrible for parents, who need to remain cheery even though they can no longer "make things right" for their kids... as they contemplate aging, separation and financial doom.
But Mr Heins remained resolutely cheery.
But he remained as cheery and eager as a Mister Softee driver dispensing soft-serve cones.
The series made its debut amid cultural tumult in the United States but remained invariably cheery and avoided controversy during its five seasons on the ABC network.
"It's way, way too close to home," he said, recalling his own missionary years in Guatemala: the shock at the poverty and violence, the pressure from the mission president to baptize more natives, the despair when his mission companion ran off with a local girl — and the Mormon mandate, above all, to repress doubt and remain relentlessly cheery.
Then one came from an ashram in India, where she remained for three years and from where she sent one day her cheery acceptance of a divorce, all papers duly signed.
"My future is full, it is limitless, and my passions for America will remain," she said over cheery background music.
Above all, most economists remain stuck in a cheery "win-win" fantasy of how trade works and are unable to see the brutally adversarial dynamics of trade in the real world.
