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The stock market and economy have parted ways

washingtonpost.com

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Re: The stock market and economy have parted ways

#531

Post by apta »

beervirus wrote: post #529
apta wrote: post #526

Earlier quoted context omitted.

A loan shark makes his money literally by feeding off the poor, I don't see how that is not immoral. The moment a proper support system is in place, they'll disappear.

That’s hardly his fault. And if the loan shark weren’t there providing his service, his clients would be strictly worse off. He’s not forcing them to borrow money—he’s offering, and they’re free to say no.

Sorry, this is not an argument. There are things that can be illegal and/or immoral (loan sharking is both), even though there are "no better options". This is not how to build a sustainable society, and is one of the issues causing so many problem in today's society.

Re: The stock market and economy have parted ways

#532

Post by harambae »

ed25519FUUU wrote: post #50
secondcoming wrote: post #25

Earlier quoted context omitted.

I'm no gold bug, but turn some of your cash into gold.

I go back and forth on gold a lot. I keep a very small amount of my money in gold, but I’m literally thinking “if things really get down to it, I can trade this for food” But that type of mental exercise does not work well for many people. Especially imagining a system where our fiat currency is effectively useless.

If things really get that bad (and I don't think they will) you could probably trade ammunition for food as well. It also lasts a very long time (when stored properly) and arguably has more of an intrinsic use than gold.

There's a significant resale overhead to gold. Who's to say it's not tungsten somewhere in the middle? Are you going to microprobe the whole thing in the post-apocalyptic hellscape?

Re: The stock market and economy have parted ways

#533

Post by tanzbaer »

FlyMoreRockets wrote: post #162
DeonPenny wrote: post #26

Theres literally no where to put you money now. The stock market would be down if you could put money in any government bonds that you thought would immediately start increasing spending or any stock or bond market that would do any better. Emerging markets are shaky with China destroying HK and corona running through cities everywhere in the world. If you could even remotely tell me a safer place to get returns then…

> Theres literally no where to put you money now. Philanthropy always has room.

Try living off philanthropy in your old age.

Re: The stock market and economy have parted ways

#534

Post by dbancajas »

UncleOxidant wrote: post #51
DeonPenny wrote: post #26

Theres literally no where to put you money now. The stock market would be down if you could put money in any government bonds that you thought would immediately start increasing spending or any stock or bond market that would do any better. Emerging markets are shaky with China destroying HK and corona running through cities everywhere in the world. If you could even remotely tell me a safer place to get returns then…

As was commonly heard in '08: The time has come to worry about return of investment more than return on investment.

can you explain the difference?

Re: The stock market and economy have parted ways

#535

Post by [deleted] »

tanzbaer wrote: post #522
whycombagator wrote: post #458

Earlier quoted context omitted.

Noob here, but doesn't this comment assume stock markets and investments outside the US do not exist? Surely large investment funds aren't entirely in on US stocks alone and are diversified. So isn't one option to just move some money elsewhere? i.e out of the US market - to a place(s) deemed more stable or with better upside.

Which place is that?

[deleted]

Re: The stock market and economy have parted ways

#536

Post by beervirus »

apta wrote: post #531
beervirus wrote: post #529

Earlier quoted context omitted.

That’s hardly his fault. And if the loan shark weren’t there providing his service, his clients would be strictly worse off. He’s not forcing them to borrow money—he’s offering, and they’re free to say no.

Sorry, this is not an argument. There are things that can be illegal and/or immoral (loan sharking is both), even though there are "no better options". This is not how to build a sustainable society, and is one of the issues causing so many problem in today's society.

K.

Re: The stock market and economy have parted ways

#537

Post by harambae »

dmtroyer wrote: post #236
bachmeier wrote: post #3

I have no way to read the article, but I will nonetheless comment on the headline. You can't sensibly talk about the economy and the stock market at a time like this without also talking about current and expected future policy.

add a dot after washingtonpost.com https://www.washingtonpost.com./opinions/the-stock-market-an...

how does that trick work?

Re: The stock market and economy have parted ways

#538

Post by marvin »

fomine3 wrote: post #530
marvin wrote: post #492

Earlier quoted context omitted.

I can give it a shot. Maybe you've heard some of these before, it's just a list of claims. Tl;dr is there's a probability Tesla will become a tech behemoth with a tech moat that's Google/Apple/Amazon oligopoly-level unassailable. Not just in cars, but also in autonomous driving and maybe energy distribution. Dunno if I'd invest at the current valuation, but it's not obviously insane. Established automakers are struct…

> Software is eating the world, established automakers don't have the culture for it. I remembered that WeWork was evaluated as Software company but not. For Tesla?

If that's the worst criticism you find in my rather speculative wall-of-text, I actually find that pretty promising :P

But yes: Autopilot/autonomous driving, data collection & curating for this, OS controlling all actuators & sensors in the cars, car UX, OTA updates of this, management of fleet sensor data for health monitoring/preventive maintenance of common problems, custom software controlling manufacturing hardware and supply chain, charging station software (local & fleet level), software management of stationary battery systems, battery packs in cars, motors +++.

Doesn't compare to hooking up tenants to a desk space.

Re: The stock market and economy have parted ways

#539

Post by nsnick »

fragmede wrote: post #391
catalogia wrote: post #281

Earlier quoted context omitted.

If it's stable, wouldn't immunity be stable too? Or is immunity decay a matter of your immune system being unstable, rather than the virus?

In the case of covid, the suspicion is that the former is true. There isn't enough data yet to be able to say one way or the other with any certainty, however.

The weird thing is the virus has been around for 6 months and no one has caught it twice...

Re: The stock market and economy have parted ways

#540

Post by dang »

apta wrote: post #76

Interest is one of the main reasons the economic and financial system is in ruins. It is an exploitative, parasitic practice and we've known that for thousands of years. But some people only care about their pockets.

You broke the site guidelines by starting and then perpetuating this flamewar. Please read https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here. Note this one:

"Eschew flamebait. Don't introduce flamewar topics unless you have something genuinely new to say. Avoid unrelated controversies and generic tangents."

We detached this subthread from https://news.ycombinator.com/item?id=23821546.

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