"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
It's just macro stuff and doesn't really touch day trading. The biggest problem currently is that everything is overpriced and the risk that you end up holding the bag just keeps going up.
It's not as bad for individuals that have an option to be fluid with their investments and/or to be bearish. It's things like pension funds that need to hit a certain growth target every year to full fill their obligations. For pension funds that target is around 7%. There are no "safe" investment opportunities/strategies that pay 7%. They don't have an option to go bearish.
And that's how we got to real estate, private equity, venture capital, junk bonds, crypto and meme stocks. 500 is so overpriced that it would take decades for fundamentals to catch up and 10 year can't even beat inflation. The problem with money/credit being cheap is that you run out of things to invest. Productivity has no chance at keeping up with valuations. "Saving" costs money.
Not saying the boom ends when people start believing the boom never ends, but that's what usually happens. It's partly built in regarding direction and psychology tends to dictate the force. To a degree you could keep a steady growth forever, but people suck at it and there could be additional benefits to cycles productivity wise. You can't double the market in 20 months.
There's also all kinds of fiscal magic you can do in the short term, but there's a cost to extending it and i don't think it's linear.
Sanlmar's 10 months sounds about right.
To include Garrett in this, that i will likely regret, i'm not talking about Joe Public when i say money/credit is cheap.
I'm also not talking about short term inflation of consumer goods. Asset prices.
Last edited by garrett; 12-07-2021 at 03:42 PM.
Also Sonatine
You're a slob, and you are not as intelligent as me Sonatine. You are not as smart as gerrett Sonatine. You're not as bright as Garrett sonatine...
Real talk too, kindly
Last edited by garrett; 12-07-2021 at 03:55 PM.
like honestly i was just going to quote this for posterity but i wanted to include the fact that you edited it.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
the board so recognizes that Garrett was a broke cab driver until he was hit by a truck and got an insurance settlement, and then came on this board and bragged about getting a head injury for a 7 figure settlement, and additionally that this was after he kicked the shit out of his pops.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Sonatine
Garrett will destroy you sir, kindly........
Sonatine you and you're board, I'd spit right in youre face...
And so you know what you would say about it, nothing. And if you did the reall Garret would put you in you're place Sonatine you and you're boys here aren't a thing vs. me collectively.
You all together aren't a thing vs. me Sonatine...
YEAH, GET'EM GARRETT!
YOU TELL EM!
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
garrett would you mind if i linked him to the picture of your mugshot?
i feel like he doesnt believe me.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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