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Chicken or the egg

RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 107,465 Founders Club
edited May 2022 in Tug Tavern
Even I know that money makes money regardless of whether it is boom or bust. In fact bust means buying opportunities at a steep discount as a Manhattan real estate developer said in 2007 when asked about a looming housing crash. Buy at the crash, hold and sell at the boom. Easy peasy

So is this done by a hidden hand manipulating events to cause crashes in order to profit from booms or is it people just seeing that since 1800 America has been a boom or bust economy and acting accordingly?

I tend to favor the latter although rich and powerful types do try to manipulate what they can. Which is why I see the need for some regulation of markets.

Basically the economy is like recruiting and if you can't handle the ups and downs you may need a new hobby

Oh and the little guy gets fucked coming and going but that spans history and all kinds of economies

The 8th year of a decade is the usual bust. We papered it over for a couple extra years

Comments

  • PurpleThrobberPurpleThrobber Member Posts: 44,739 Standard Supporter

    Even I know that money makes money regardless of whether it is boom or bust. In fact bust means buying opportunities at a steep discount as a Manhattan real estate developer said in 2007 when asked about a looming housing crash. Buy at the crash, hold and sell at the boom. Easy peasy

    So is this done by a hidden hand manipulating events to cause crashes in order to profit from booms or is it people just seeing that since 1800 America has been a boom or bust economy and acting accordingly?

    I tend to favor the latter although rich and powerful types do try to manipulate what they can. Which is why I see the need for some regulation of markets.

    Basically the economy is like recruiting and if you can't handle the ups and downs you may need a new hobby

    Oh and the little guy gets fucked coming and going but that spans history and all kinds of economies

    The 8th year of a decade is the usual bust. We papered it over for a couple extra years

    There's manipulation going on for sure.

    There's not a chance in hell that the amount of paper being printed doesn't cause inflation, doesn't cause the price of precious metals to zoom, etc.

    I actually just got off a call this morning with my Columbia MBA buddy about this very thing. No way there isn't inflation unless the JPMorgans, Goldmans, etc aren't in cahoots with where they set rates and how much they are going to buy/sell of a given commodity (see also gold/silver).

    And then you've got the new head of the SEC who's worth $100 Million dollars and can't find anything 'wrong' with the whole GME/Robin Hood debacle? Bullshit.

    It's just a matter of how much they let Joe Blow in on the scam relative to the 'invisible hand'.

  • HHuskyHHusky Member Posts: 21,579

    Even I know that money makes money regardless of whether it is boom or bust. In fact bust means buying opportunities at a steep discount as a Manhattan real estate developer said in 2007 when asked about a looming housing crash. Buy at the crash, hold and sell at the boom. Easy peasy

    So is this done by a hidden hand manipulating events to cause crashes in order to profit from booms or is it people just seeing that since 1800 America has been a boom or bust economy and acting accordingly?

    I tend to favor the latter although rich and powerful types do try to manipulate what they can. Which is why I see the need for some regulation of markets.

    Basically the economy is like recruiting and if you can't handle the ups and downs you may need a new hobby

    Oh and the little guy gets fucked coming and going but that spans history and all kinds of economies

    The 8th year of a decade is the usual bust. We papered it over for a couple extra years

    There's manipulation going on for sure.

    There's not a chance in hell that the amount of paper being printed doesn't cause inflation, doesn't cause the price of precious metals to zoom, etc.

    I actually just got off a call this morning with my Columbia MBA buddy about this very thing. No way there isn't inflation unless the JPMorgans, Goldmans, etc aren't in cahoots with where they set rates and how much they are going to buy/sell of a given commodity (see also gold/silver).

    And then you've got the new head of the SEC who's worth $100 Million dollars and can't find anything 'wrong' with the whole GME/Robin Hood debacle? Bullshit.

    It's just a matter of how much they let Joe Blow in on the scam relative to the 'invisible hand'.

    Wanting to assign virtual super powers to a secret circle of elites is understandable, but it doesn't really resemble how the best laid plans and humans operate in real life.
  • HHuskyHHusky Member Posts: 21,579

    HHusky said:

    Even I know that money makes money regardless of whether it is boom or bust. In fact bust means buying opportunities at a steep discount as a Manhattan real estate developer said in 2007 when asked about a looming housing crash. Buy at the crash, hold and sell at the boom. Easy peasy

    So is this done by a hidden hand manipulating events to cause crashes in order to profit from booms or is it people just seeing that since 1800 America has been a boom or bust economy and acting accordingly?

    I tend to favor the latter although rich and powerful types do try to manipulate what they can. Which is why I see the need for some regulation of markets.

    Basically the economy is like recruiting and if you can't handle the ups and downs you may need a new hobby

    Oh and the little guy gets fucked coming and going but that spans history and all kinds of economies

    The 8th year of a decade is the usual bust. We papered it over for a couple extra years

    There's manipulation going on for sure.

    There's not a chance in hell that the amount of paper being printed doesn't cause inflation, doesn't cause the price of precious metals to zoom, etc.

    I actually just got off a call this morning with my Columbia MBA buddy about this very thing. No way there isn't inflation unless the JPMorgans, Goldmans, etc aren't in cahoots with where they set rates and how much they are going to buy/sell of a given commodity (see also gold/silver).

    And then you've got the new head of the SEC who's worth $100 Million dollars and can't find anything 'wrong' with the whole GME/Robin Hood debacle? Bullshit.

    It's just a matter of how much they let Joe Blow in on the scam relative to the 'invisible hand'.

    Wanting to assign virtual super powers to a secret circle of elites is understandable, but it doesn't really resemble how the best laid plans and humans operate in real life.
    You’re naive as hell if you don’t think there’s collusion and corruption between the banksters and the politicians and the bureaucrats.

    Not what I said.
  • PurpleThrobberPurpleThrobber Member Posts: 44,739 Standard Supporter
    HHusky said:

    HHusky said:

    Even I know that money makes money regardless of whether it is boom or bust. In fact bust means buying opportunities at a steep discount as a Manhattan real estate developer said in 2007 when asked about a looming housing crash. Buy at the crash, hold and sell at the boom. Easy peasy

    So is this done by a hidden hand manipulating events to cause crashes in order to profit from booms or is it people just seeing that since 1800 America has been a boom or bust economy and acting accordingly?

    I tend to favor the latter although rich and powerful types do try to manipulate what they can. Which is why I see the need for some regulation of markets.

    Basically the economy is like recruiting and if you can't handle the ups and downs you may need a new hobby

    Oh and the little guy gets fucked coming and going but that spans history and all kinds of economies

    The 8th year of a decade is the usual bust. We papered it over for a couple extra years

    There's manipulation going on for sure.

    There's not a chance in hell that the amount of paper being printed doesn't cause inflation, doesn't cause the price of precious metals to zoom, etc.

    I actually just got off a call this morning with my Columbia MBA buddy about this very thing. No way there isn't inflation unless the JPMorgans, Goldmans, etc aren't in cahoots with where they set rates and how much they are going to buy/sell of a given commodity (see also gold/silver).

    And then you've got the new head of the SEC who's worth $100 Million dollars and can't find anything 'wrong' with the whole GME/Robin Hood debacle? Bullshit.

    It's just a matter of how much they let Joe Blow in on the scam relative to the 'invisible hand'.

    Wanting to assign virtual super powers to a secret circle of elites is understandable, but it doesn't really resemble how the best laid plans and humans operate in real life.
    You’re naive as hell if you don’t think there’s collusion and corruption between the banksters and the politicians and the bureaucrats.

    Not what I said.
    Skillful.

    Why do you perpetrate conspiracy theories? This is @creepycoug's higher discussion board of economics and finance.

    Do tell your market forces and variables in response to the esteemed @RaceBannon's original post.

  • FireCohenFireCohen Member Posts: 21,823

    HHusky said:

    Even I know that money makes money regardless of whether it is boom or bust. In fact bust means buying opportunities at a steep discount as a Manhattan real estate developer said in 2007 when asked about a looming housing crash. Buy at the crash, hold and sell at the boom. Easy peasy

    So is this done by a hidden hand manipulating events to cause crashes in order to profit from booms or is it people just seeing that since 1800 America has been a boom or bust economy and acting accordingly?

    I tend to favor the latter although rich and powerful types do try to manipulate what they can. Which is why I see the need for some regulation of markets.

    Basically the economy is like recruiting and if you can't handle the ups and downs you may need a new hobby

    Oh and the little guy gets fucked coming and going but that spans history and all kinds of economies

    The 8th year of a decade is the usual bust. We papered it over for a couple extra years

    There's manipulation going on for sure.

    There's not a chance in hell that the amount of paper being printed doesn't cause inflation, doesn't cause the price of precious metals to zoom, etc.

    I actually just got off a call this morning with my Columbia MBA buddy about this very thing. No way there isn't inflation unless the JPMorgans, Goldmans, etc aren't in cahoots with where they set rates and how much they are going to buy/sell of a given commodity (see also gold/silver).

    And then you've got the new head of the SEC who's worth $100 Million dollars and can't find anything 'wrong' with the whole GME/Robin Hood debacle? Bullshit.

    It's just a matter of how much they let Joe Blow in on the scam relative to the 'invisible hand'.

    Wanting to assign virtual super powers to a secret circle of elites is understandable, but it doesn't really resemble how the best laid plans and humans operate in real life.
    You’re naive as hell if you don’t think there’s collusion and corruption between the banksters and the politicians and the bureaucrats.

    Lol collusion would imply they trying to do in secret. They not even hiding it.
  • Blu82Blu82 Member Posts: 1,577
    HHusky said:

    Even I know that money makes money regardless of whether it is boom or bust. In fact bust means buying opportunities at a steep discount as a Manhattan real estate developer said in 2007 when asked about a looming housing crash. Buy at the crash, hold and sell at the boom. Easy peasy

    So is this done by a hidden hand manipulating events to cause crashes in order to profit from booms or is it people just seeing that since 1800 America has been a boom or bust economy and acting accordingly?

    I tend to favor the latter although rich and powerful types do try to manipulate what they can. Which is why I see the need for some regulation of markets.

    Basically the economy is like recruiting and if you can't handle the ups and downs you may need a new hobby

    Oh and the little guy gets fucked coming and going but that spans history and all kinds of economies

    The 8th year of a decade is the usual bust. We papered it over for a couple extra years

    There's manipulation going on for sure.

    There's not a chance in hell that the amount of paper being printed doesn't cause inflation, doesn't cause the price of precious metals to zoom, etc.

    I actually just got off a call this morning with my Columbia MBA buddy about this very thing. No way there isn't inflation unless the JPMorgans, Goldmans, etc aren't in cahoots with where they set rates and how much they are going to buy/sell of a given commodity (see also gold/silver).

    And then you've got the new head of the SEC who's worth $100 Million dollars and can't find anything 'wrong' with the whole GME/Robin Hood debacle? Bullshit.

    It's just a matter of how much they let Joe Blow in on the scam relative to the 'invisible hand'.

    Wanting to assign virtual super powers to a secret circle of elites is understandable, but it doesn't really resemble how the best laid plans and humans operate in real life.
    Word of advice: This isn't the Jr High board.
    I'd suggest you take a step back, watch and learn.
    Its clear that your imaginary MBA in finance is just that.
  • HHuskyHHusky Member Posts: 21,579
    Blu82 said:

    HHusky said:

    Even I know that money makes money regardless of whether it is boom or bust. In fact bust means buying opportunities at a steep discount as a Manhattan real estate developer said in 2007 when asked about a looming housing crash. Buy at the crash, hold and sell at the boom. Easy peasy

    So is this done by a hidden hand manipulating events to cause crashes in order to profit from booms or is it people just seeing that since 1800 America has been a boom or bust economy and acting accordingly?

    I tend to favor the latter although rich and powerful types do try to manipulate what they can. Which is why I see the need for some regulation of markets.

    Basically the economy is like recruiting and if you can't handle the ups and downs you may need a new hobby

    Oh and the little guy gets fucked coming and going but that spans history and all kinds of economies

    The 8th year of a decade is the usual bust. We papered it over for a couple extra years

    There's manipulation going on for sure.

    There's not a chance in hell that the amount of paper being printed doesn't cause inflation, doesn't cause the price of precious metals to zoom, etc.

    I actually just got off a call this morning with my Columbia MBA buddy about this very thing. No way there isn't inflation unless the JPMorgans, Goldmans, etc aren't in cahoots with where they set rates and how much they are going to buy/sell of a given commodity (see also gold/silver).

    And then you've got the new head of the SEC who's worth $100 Million dollars and can't find anything 'wrong' with the whole GME/Robin Hood debacle? Bullshit.

    It's just a matter of how much they let Joe Blow in on the scam relative to the 'invisible hand'.

    Wanting to assign virtual super powers to a secret circle of elites is understandable, but it doesn't really resemble how the best laid plans and humans operate in real life.
    Word of advice: This isn't the Jr High board.
    I'd suggest you take a step back, watch and learn.
    Its clear that your imaginary MBA in finance is just that.
    Thank you. Your advice appears to be worth what I paid for it.
  • doogiedoogie Member Posts: 15,072
  • HHuskyHHusky Member Posts: 21,579
    doogie said:

    Meltdown

    Pshaw!
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