131–140 of 367 posts
Yes, the article is right. And every time an article like this is published, HN predictably goes into the same tirade. What are you actually going to do about it? Nothing. So keep complaining and hoping things change without changing.
- Paul Krugman, 1998
Excuse me if I take the Krug-o-tron's opinions with a grain of salt.
Earlier quoted context omitted.
Someone has taken the Rothschild motto too literally: “Buy when there is blood in the streets, even if it is your own.” — Baron Nathan Rothschild https://medium.com/@douglasp.schwartz/buy-when-theres-blood-...
That’s not what that quote means. It means even if your portfolio is down you should keep buying.
Earlier quoted context omitted.
The article displays a laughably out of date view of futures markets, too There are people and institutions, such as oil producers, who will need to sell oil at a future date. They want to lock in the price today on those future sales. There are also people and institutions, such as airlines, who have a future need for oil and would like to lock in the price today. Airlines haven’t hedged fuel in a long time and gene…
Airlines can't raise the prices of tickets sold months ago. There is still financial reason to hedge.
https://www.independent.co.uk/travel/news-and-advice/jet-fue...
If you are trading in the futures market and you don't have inside info or are not an actual supplier of the commodity, you are the sucker.
To be fair, you could also be a real world user of a commodity and productively use futures markets. For example, an airline or trucking company using them to hedge fuel prices.
By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's - Paul Krugman, 1998 Excuse me if I take the Krug-o-tron's opinions with a grain of salt.
Earlier quoted context omitted.
> You can just insider trade, launder money, commit investment fraud, anything you want, the way you saw random people just walking into CVS drug stores years ago in SF and grabbing stuff and walking out. Something I'd disagree with is... enforcement will not help against what causes people to turn out and steal in stores. Fix widespread poverty, get people out of homelessness, help people legitimately get off of dru…
It’s a myth that petty shoplifting is something done by poor people. The people doing it are usually part of organised crime (that is not “hyperlocal”) and generally are doing better than actual poor people. The idea poor people are somehow criminal is a myth that needs to be eradicated.
There is not such a strong distinction. Organized crime groups often use poor people who have few alternatives as the pawns of their theft and fencing operations. People with other better options don't usually take up petty crime as a vocation.