Everybody's Lying to You
fool.com
Everybody's Lying to You
1–10 of 32 posts
Re: Everybody's Lying to You
#2Basically this article boils down to one central point: This isn't a downturn it's a correction so don't expect things to "bounce back".
My opinion is they're probably half right. I don't think anything is going to bounce back to where it was but I also think panic caused things to drop further than they needed to. So we'll probably see a small bounce eventually but from there it'll probably be a decade before we reach pre-bust levels.
Re: Everybody's Lying to You
#3Basically this article boils down to one central point: This isn't a downturn it's a correction so don't expect things to "bounce back". My opinion is they're probably half right. I don't think anything is going to bounce back to where it was but I also think panic caused things to drop further than they needed to. So we'll probably see a small bounce eventually but from there it'll probably be a decade before we rea…
-> it'll probably be a decade before we reach pre-bust levels.
How do you know?
The same people who didn't see it coming are all of a sudden experts on when it's going to end.
Re: Everybody's Lying to You
#4This stuff isn't that tough guys. You lower taxes and you cut back on government and the economy expands and there is prosperity for all. When your policies go in the opposite direction you get what we are experiencing now.
Read Ayn Rand's "Atlas Shrugged". It's all in there.
Re: Everybody's Lying to You
#5Basically this article boils down to one central point: This isn't a downturn it's a correction so don't expect things to "bounce back". My opinion is they're probably half right. I don't think anything is going to bounce back to where it was but I also think panic caused things to drop further than they needed to. So we'll probably see a small bounce eventually but from there it'll probably be a decade before we rea…
-> it'll probably be a decade before we reach pre-bust levels. How do you know? The same people who didn't see it coming are all of a sudden experts on when it's going to end.
OK, pardon the sarcasm here, but what exactly do you think the word "probably" means? Because to me it means "the author is stating an opinion and is in no way saying that opinion is authoritative"
In other words I don't "know", I never claimed to "know" so you shouldn't accuse me of it.
If you're going to go so far as to quote the line at least read it first and try to look at what the author's actual meaning was.
For the record I based my opinion on the simple fact that things around me shouldn't cost as much as they do. The house two doors down from me is 2 bedroom, needs a new roof and was still valued at $750,000. In my opinion a two bedroom house simply isn't worth that so I don't expect it to bounce back to that value.
Re: Everybody's Lying to You
#6Basically this article boils down to one central point: This isn't a downturn it's a correction so don't expect things to "bounce back". My opinion is they're probably half right. I don't think anything is going to bounce back to where it was but I also think panic caused things to drop further than they needed to. So we'll probably see a small bounce eventually but from there it'll probably be a decade before we rea…
-> it'll probably be a decade before we reach pre-bust levels. How do you know? The same people who didn't see it coming are all of a sudden experts on when it's going to end.
Quick point: Having money, a depreciating asset, forces everyone into being a speculator. You have to make prophecies, because the alternative is an assured -2.0 percent return (roughly).
Here's why the long term outlook is bad: An aging population will necessarily convert assets of all classes into money in order to finance their retirement. Simple as that.
Short term, who the hell knows? Buy Citi on margin short term, if you feel like it.
Re: Everybody's Lying to You
#7Earlier quoted context omitted.
-> it'll probably be a decade before we reach pre-bust levels. How do you know? The same people who didn't see it coming are all of a sudden experts on when it's going to end.
OK, pardon the sarcasm here, but what exactly do you think the word "probably" means? Because to me it means "the author is stating an opinion and is in no way saying that opinion is authoritative" In other words I don't "know", I never claimed to "know" so you shouldn't accuse me of it. If you're going to go so far as to quote the line at least read it first and try to look at what the author's actual meaning was. F…
The irony is that that 2-bedroom house will be worth $750,000 someday but only because $750,000 will be worth a lot less by then.
Re: Everybody's Lying to You
#8Earlier quoted context omitted.
-> it'll probably be a decade before we reach pre-bust levels. How do you know? The same people who didn't see it coming are all of a sudden experts on when it's going to end.
Quick point: Having money, a depreciating asset, forces everyone into being a speculator. You have to make prophecies, because the alternative is an assured -2.0 percent return (roughly). Here's why the long term outlook is bad: An aging population will necessarily convert assets of all classes into money in order to finance their retirement. Simple as that. Short term, who the hell knows? Buy Citi on margin short te…
As the aging population uses the money to finance their retirement, where do you think it goes?
Re: Everybody's Lying to You
#9Earlier quoted context omitted.
-> it'll probably be a decade before we reach pre-bust levels. How do you know? The same people who didn't see it coming are all of a sudden experts on when it's going to end.
Quick point: Having money, a depreciating asset, forces everyone into being a speculator. You have to make prophecies, because the alternative is an assured -2.0 percent return (roughly). Here's why the long term outlook is bad: An aging population will necessarily convert assets of all classes into money in order to finance their retirement. Simple as that. Short term, who the hell knows? Buy Citi on margin short te…
Except right now nobody is entirely sure that money is a depreciating asset. Interest rates are close to zero, there may be inflation in a lot of places, but not if you're thinking of buying a house. The aging population is looking at postponing retirement, maybe even coming back out of retirement. Short term, most people are staying in cash.
Re: Everybody's Lying to You
#10Earlier quoted context omitted.
-> it'll probably be a decade before we reach pre-bust levels. How do you know? The same people who didn't see it coming are all of a sudden experts on when it's going to end.
OK, pardon the sarcasm here, but what exactly do you think the word "probably" means? Because to me it means "the author is stating an opinion and is in no way saying that opinion is authoritative" In other words I don't "know", I never claimed to "know" so you shouldn't accuse me of it. If you're going to go so far as to quote the line at least read it first and try to look at what the author's actual meaning was. F…
A house (or anything else) is only worth what someone will pay for it. If houses are selling for $750k, by definition they are worth $750k. You can hate it and refuse to think that anyone should ever pay more than $100k for such a house, but as long as people are willing to pay the price, that's the value.