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Thread: The Stock/Investment Thread

  1. #481
    Administrator Dreadnaught's Avatar
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    The technology is neat I agree. But does anyone building these things understand how currencies actually work beyond the nature of a peer-to-peer relationship? If the derived "currency" is deflationary, I don't see how it works. The blockchain is neat for sure, but that's the non-currency juice of this fruit.

  2. #482
    Senior Member GGT's Avatar
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    Quote Originally Posted by Lewkowski View Post
    This one always puzzles me, why aren't you a conservative? The entire liberal ideology is based on people being slaves to circumstance and that's why the world needs to have more equal outcomes. You clearly get that *YOUR* actions have made you successful. Your choice to delay gratification. Your choice to keep your nose clean, work hard and prosper.
    Quote Originally Posted by Loki View Post
    The idea that hard work is generally rewarded is not necessarily inconsistent with the idea that some people have such a substantial advantage or disadvantage that hard work will make a minimal difference. Incidentally, the GOP position on social issues and now on Trump makes it all but impossible for classical liberals with high education or those who live in urban areas to support the party.
    These posts made me see how we talk past one another on important topics. Lewk took wiggin's post and turned it into conservative vs liberal ideology. Loki stepped in and moved it to a practical, political observation.

    The truth is that a stock/investment thread like this is interesting and fun for people actually 'invested' in Wall Street, but that's less than half the US population. And it's certainly not an accurate portrayal of the overall economy, but just one indicator that mostly reflects expectations, including those irrational animal spirits that see risk as opportunity.

    Another truth is that working hard, delaying gratification, and saving money is no longer a way toward prosperity, Lewk. Even if you've got a college degree and a good job, the cost of rent/home ownership makes it nearly impossible to save your way to wealth. Especially if you've got student loans, plus other debts like car loans or credit cards. It's no longer feasible to stash money in a savings account and let it grow, because it doesn't accrue enough interest to keep up with inflation.

    Make no mistake -- we don't value hard work and saving money, as a society. We value debt, credit, and taking risks. We've monetized gambling schemes. Even our educational system is one big crap shoot.
    Last edited by GGT; 02-03-2018 at 04:44 AM.

  3. #483
    Senior Member GGT's Avatar
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    And here it comes, the market readjusting (normalizing?) itself downward, in response to good global economic data. It's unfortunate that just a hint of US wage growth can make corporations worry about their profit margins, since the Fed will probably raise interest rates from abnormal lows, making their debt a bit more costly. The end of practically free institutional debt should be a good thing, even tho it makes gov't debt more expensive, and Trump's tax cuts just added to our deficit. And the volatility swings aren't good for anyone but speculators and high frequency traders.

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