be gloomy

Vice-chancellors are gathering in Reading this week, ahead of a new academic year, which, for those trying to balance their books, looks set to be gloomy.

Bond investors are paid to be gloomy so usually price in the worst, while stock investors are paid to be upbeat and often wake up to crises after it's too late - witness the Great Financial Crisis.

“We’ve agreed among ourselves — after all the sacrifices our country has made this year, we don’t have the right to be gloomy. People have laid down their lives so we can live, and we’ve made a promise to ourselves: We won’t be sad this fall. Only Russians will be sad.”

“There’s reason to be apprehensive, not reason to be gloomy,” veteran Democratic strategist James Carville said.

Richard Gowan, U.N. director of the International Crisis Group, said he thought it was a “gloomy speech,” but he allowed that Guterres “has a lot to be gloomy about.”