261–270 of 315 posts
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People have winning streaks in casinos too.
They end up losing it all at some point
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Sure, but it will be gone after a hundred years of compounded debt.
A system that lasts a hundred years before failing is a successful system. This reminds me of comments about bankrupt companies that made massive profits for 10 years, calling them failures. That's a success and the comment is sour grapes.
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Wishing you a favorable outcome too!! I love pretend bubbles cause while everyone is waiting for them to burst one can make shitton of money
This is also the case with real bubbles.
the funny thing is, if you were invested in this bull run, even 45% pullback (certainly possible) and say you are an idiot (or just clueless) with a stoploss - you'd still be handsomely up from where you started from...
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> 7 of the past twenty years A lot of shit went down over that period. But you seem upset by QE in general. It seems to upset a lot of people, possibly because the Fed created a lot of money, but that's what central banks do, they create and destroy money. It's really not that much of a big deal. People lose sight of the fact that money is an abstraction and not something concrete.
> money is an abstraction and not something concrete That is a choice we have made. Historically it hasn’t been that way.
Even if it were true, inflation makes the whole issue moot. Money is only worth what it will buy, so it is at the mercy of prices.
Finally money depends on people's collective acceptance of it. No point in holding gold if people lose confidence in gold, for instance if people start producing convincing fakes. How does the average person verify gold? It almost always goes back to trusting some central authority.
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damn shit is really bad, sky is failing, bubbles are bursting… any other clickbait I need to read up on before I go spend the last of the good days with my kid…? coolest thing about us in the 50’s is that we’ve seen and read this shit many times before and don’t fall the “bubble du jour” or “shit’s really bad this time…” - especially readers here on HN, bubbles be bursting for yeeeears now, recession is coming, crash…
If you're in your 50s you should have at least noticed that things have gotten progressively worse, if not for you (e.g. working in FAANG and getting by better than ever) for the majority in all kinds of ways in those 50 years: housing costs, healthcare, jobs, public debt, private debt, it's a huge list. So, yeah, those "shit is really bad, sky is failing, bubbles are bursting" shit has been consistently right all th…
This is exactly what I am saying, things have gotten progressively worse. The argument most people are making here is that the worse is not progressive, that it is somehow last 11 months that shit's been going really, really bad (just note how many people are talking about "degree" and "scale" of shit in this thread alone. As if somehow sky is falling right now and it was amazing before.
funny thing is - same people back in October during the election campaign were pitching how economy is "great" and how they do not understand how GOP can run on economy platform when US economy is doing amazing, much better recovery post-COVID than any other country without a doubt. now though, economy is really bad, just horrible, can't be any worse :) in both cases, the 80% of the people you are mentioning are suffering, they were in October and they are even more so now. but everyone is in their own bubble, the "opposition" (myself included) in the current political order is saying "oh shit's really bad now" and "ruling party" people are like "oh man, how great are things, tariffs are doing their thing, exports are up, imports are way down, market is red hot..." etc...
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damn shit is really bad, sky is failing, bubbles are bursting… any other clickbait I need to read up on before I go spend the last of the good days with my kid…? coolest thing about us in the 50’s is that we’ve seen and read this shit many times before and don’t fall the “bubble du jour” or “shit’s really bad this time…” - especially readers here on HN, bubbles be bursting for yeeeears now, recession is coming, crash…
Coolest thing about you in the 50s is that you’ve spent your grandkids’ money (and used up their resources and polluted their environments) so you wouldn’t have to face any consequences for your poor decisions. Unfortunately your grand kids have run out of money and descendants to steal money from.
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> One, you shouldn’t be storing wealth in cash-like instruments, that’s literally using currency wrong (and has been across human history). Cash is for transacting. Talk to Mr. Buffet and see what he thinks about this with his mountain of cash… Cash being just transacting might be the most insane thing I’ve read here this year, well done
> Talk to Mr. Buffet and see what he thinks about this with his mountain of cash When finance types say "cash," we mean cash and cash equivalents. Berkshire Hatahway doesn't literally hold cash, they hold yield-generating cash equivalents. > Cash being just transacting might be the most insane thing I’ve read here this year, well done I strongly recommend a home economics course if this is the case. If you want to go…
I have a degree in Finance so it is not all that necessary but maybe a 2025/26 refresher course will do me good :)
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Both the dollar and the euro have lost 70% of their value in the last 20 years. Most other currencies more than that.
OK, now do dollar-denominated assets. Stocks, bonds, commodities, real estate. How have those fared over the same time period? Those types of assets are where I put my money for long-term savings. Only idiots that don’t understand inflation hold lots of cash, bringing that up is a strawman. Cash is not a store of value, it’s a unit of exchange and unit of account. Again, cash is not for saving, it should be used to p…
So you can take that as you're being right and me not having any arguments against your superior intelligence, which you certainly will think.
But I don't give any value to what you say or believe. There is no productive conversation to be had with you.
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Right, because you were predicting chstgpt in 2018… Amazing how you are quite literally proving you got lucky and yet you seem to believe that you’re hot shit.
Remember that before chatgpt there was a crypto craze which created demand for nvidia
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no society is going to just bow down for eternity and accept things as they are for long. if an opportunity presents itself. I'm not understanding what "reality" means as if the BRIC nations aren't in that "reality" as we speak. weaponizing sanctions and intimidating macro foreign economies isn't something that other peoples take lightly. the circumstances from the 90's and now are very much different with very much…
Russia and China rely heavily on their manipulated currencies to stay functional. There could never be a common currency between them that they can't directly control.