691–697 of 697 posts
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Once the supreme court decision about Trump went out, I took all of my investments and put into a savings account. When a dip happens, I simply take 10% of the money, buy the dip, then sell when the price hits pre dip. So far Ive netted significantly more than any of my peers that actually do investing.
Interesting. Do you buy indexes, or ?
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> Because most people when they hear about laws have certain assumptions about what those are and how they work. I disagree; I would guess most people assume rich/powerful/etc people aren't subject to laws, no matter the jurisdiction. > In this case this assumption is completely disconnected from reality. How many people think the US is bound by international law? I looked for polling but I couldn't dig anything up >…
Rich and powerful people go to jail all the time. SBF? Ghislaine Maxwell? Maybe that boundary is pushed but at least in theory in the "western/democratic" world you can't get away with breaking the law simply by having power (and yeah Trump and such - but in general). So sure, there is some erosion of rule of the law in the western world, but it's still a thing. But you are right that people assume that. They also as…
But, I don't think people have a detailed understanding of these things. I do agree they're at best fuzzy about what international law is (I am also fuzzy on it). I just don't understand what's manipulative about it. Like, what are people induced into doing based on the premise that the US follows international law? I think anyone operating in that sphere (international shipping, piracy outfits, aid organizations, criminal syndicates) is probably savvy enough to know the US will just blow you up and lie about it for thirty years.
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How much of that is shares as opposed to treasuries, MBS etc?
When the Fed purchases bonds, that reduces interest rates, and lower rates make asset prices go up. The Fed purchases the bonds with cash created out of thin air with a journal entry. That newly created cash is used by private actors to purchase assets, which makes asset prices go up. The Fed could purchase equities directly, but it doesn't have to own them to influence their prices.
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The dollar is going down in value right now. Thats the plan. It makes foreign goods more expensive and exports more affordable to other countries. Meanwhile it should have less inflationary pressure on domestically produced stuff like housing. I dont know if this is going to work or collapse. If it does work IMO they still need to reduce the debt - current actions are because we are backed into a corner, so that need…
The "Mar a Lago Accord" plan [1], for those curious. The US debt is one major rationale behind the strategy. It's a dangerous plan that relies on keeping allies happy and re-establishing hegemony via a Plaza Accords / Bretton Woods 2.0 type system. It's not going to work if you simultaneously piss all of the allies off. [1] https://www.youtube.com/watch?v=1ts5wJ6OfzA by Money & Macro, which is a fantastic economics Y…
If you predict a crash every month and it happens after 2 years... can we call you a visionary?
I know the question is tongue-in-cheek, but I think it’s a fascinating question, so I’ll take it seriously. If you predict the crash and it happens two years later, i think you basically cannot profit off that guess, so I’d say no. Although i haven’t provided data for the two-year claim, there certainly exists some period N for which the prediction no longer pays off, given a fixed drop. But if you can predict it 6 m…
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> I, a foreign entity, have sold something to an american and now have 10 dollars and zero treasuries. Or you sold something to a non-American entity in a dollar-based market, eg. oil. The dollars do come from America to begin with, but once they get "out there" they work as a medium of exchange for whoever wants to use them for that purpose.
Which is why the US historically bombed any country that sold oil for other currencies, but now china is negotiating the petroyuan and it's working.
As mentioned, there’s also mounting dissatisfaction and distrust in the petrodollar, but the devil you know…
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Religion isn’t based on “the greater good”, it’s always explicitly about the will of the god or gods involved and obeying or appeasing them.
About religion, I don't think we can say "always" or anything near to that. I agree that religions commonly use the god/god's will as the reason, but I don't think we should take that at face value. It's the argument to trump all others - rulers often claim to be chosen by the will of the supernatural - but not the reason the rule was made, which is a product of the cultures involved. And humans often come to the sam…