My motivation? My ax to grind? Simply look at the damage done by those causing the "crunch" back in 2008. Consider the damage that was done to many folks.
The sad reality is that even in the best of times not every business succeeds, and when times are hard and outside forces such as the covid-19 virus cause damage and death it is more difficult than ever.
In addition to that, not all of the ideas that some folks believe are well thought out will be viable. Often incorrect assumptions are to blame,
So ultimately, no matter how much sunshine a CEO can spew, some business plans do not work out.
The wise folks look and try to lear from the mistakes of others, since that is less painful than learning from one's own mistakes.
Quite an interesting article indeed. With a lot of valid conclusions. I too hope that the economy recovers, and that the financial sector gets more regulation, and that creating "derivatives" becomes a punishable crime. And we would all be better off, long-term, if "leveraging" were regulated more than it is.
The day traders are believing that the drop in price is going to reverse in a fairly short time. That, and the run to" follow the crowd because they must know something." Domestic sheep and domestic turkeys do the same thing and so they need a lot of guidance. Day traders seldom get competent guidance.
""Unfortunately our government has not totally detached the currency from the wealth, and the MMT religion has validated that thinking.
ERROR!! What I meant to say was that our government HAS rather completely detached the the currency value from the wealth value, and that the MMT religion has tended to validate that sort of thinking.
Witness the abandonment of the gold standard as one very obvious example.
Very unfortunate for those buying low, with the intention of selling high in the future. Bankruptcy does not work that way. Many times those shares are only worth the paper they are printed on, and that is not much.
Buying shopping malls and commercial real-estate with borrowed funds is always risky and this time the risk was real and immediate.
Thus the day-traders, with their eyes on the ground one footstep ahead, missed the warning signs about the cliff at the bend in the trail. I hope that they were not ivesting more than they could afford to lose.
This is an interesting but disturbing article, indeed. Thanks for creating it.
"Flying Blind" is at once to be both accurate and rather disturbing. Common thinking tends to presume that those steering things know what to do to avoid damage and disaster. But what we see is a string of actions designed to help friends tomorrow, never mind what happens next month and next year.
Quite an interesting and educational presentation here, thanks for having it in a text format, since much of it requires a "pause and think" action.
The rather obvious flaw in the MMT is the detachment of the currency from actual wealth. When I buy a loaf of bread I am trading the seller a piece of my wealth for the value of the food. That is quite a bit different from trading a symbol of government authority for the food.
History and the records of runaway inflation show that the effective wealth denoted by the currency is a function of the trust in the issuer of that currency. The value of the wealth behind the currency is different.
The use of currency as a symbol of wealth started as a convenience, since wealth has many forms and making change can be cumbersome.
Unfortunately our government has not totally detached the currency from the wealth, and the MMT religion has validated that thinking.
I suspect that others are also starting to suspect that there is a problem developing in that reality.
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TalkMarkets Tuesday Talk: Making Money "The Old-Fashioned Way"
My motivation? My ax to grind? Simply look at the damage done by those causing the "crunch" back in 2008. Consider the damage that was done to many folks.
Organigram Q3 Financial Report Is Abysmal Despite Spin Efforts
The sad reality is that even in the best of times not every business succeeds, and when times are hard and outside forces such as the covid-19 virus cause damage and death it is more difficult than ever.
In addition to that, not all of the ideas that some folks believe are well thought out will be viable. Often incorrect assumptions are to blame,
So ultimately, no matter how much sunshine a CEO can spew, some business plans do not work out.
The wise folks look and try to lear from the mistakes of others, since that is less painful than learning from one's own mistakes.
TalkMarkets Tuesday Talk: Making Money "The Old-Fashioned Way"
Quite an interesting article indeed. With a lot of valid conclusions. I too hope that the economy recovers, and that the financial sector gets more regulation, and that creating "derivatives" becomes a punishable crime. And we would all be better off, long-term, if "leveraging" were regulated more than it is.
20,000 Robinhood Traders Are In For Rude Surprise As CBL Prepares To File Chapter 11
The day traders are believing that the drop in price is going to reverse in a fairly short time. That, and the run to" follow the crowd because they must know something." Domestic sheep and domestic turkeys do the same thing and so they need a lot of guidance. Day traders seldom get competent guidance.
MMT - Variation On A Theme
""Unfortunately our government has not totally detached the currency from the wealth, and the MMT religion has validated that thinking.
ERROR!! What I meant to say was that our government HAS rather completely detached the the currency value from the wealth value, and that the MMT religion has tended to validate that sort of thinking.
Witness the abandonment of the gold standard as one very obvious example.
Technical Analysis: Alphabet, Netflix, Nvidia And Organovo
A text presentation would have allowed one to pause and consider at one's own rate.
Peloton Price Target Raised To $84 From $66 At Goldman Sachs
Interesting article. And the basis for picking "target Prices" is still not very clear, at least to me.
20,000 Robinhood Traders Are In For Rude Surprise As CBL Prepares To File Chapter 11
Very unfortunate for those buying low, with the intention of selling high in the future. Bankruptcy does not work that way. Many times those shares are only worth the paper they are printed on, and that is not much.
Buying shopping malls and commercial real-estate with borrowed funds is always risky and this time the risk was real and immediate.
Thus the day-traders, with their eyes on the ground one footstep ahead, missed the warning signs about the cliff at the bend in the trail. I hope that they were not ivesting more than they could afford to lose.
Government Bonds Prices Take A Well-Earned Pause
This is an interesting but disturbing article, indeed. Thanks for creating it.
"Flying Blind" is at once to be both accurate and rather disturbing. Common thinking tends to presume that those steering things know what to do to avoid damage and disaster. But what we see is a string of actions designed to help friends tomorrow, never mind what happens next month and next year.
MMT - Variation On A Theme
Quite an interesting and educational presentation here, thanks for having it in a text format, since much of it requires a "pause and think" action.
The rather obvious flaw in the MMT is the detachment of the currency from actual wealth. When I buy a loaf of bread I am trading the seller a piece of my wealth for the value of the food. That is quite a bit different from trading a symbol of government authority for the food.
History and the records of runaway inflation show that the effective wealth denoted by the currency is a function of the trust in the issuer of that currency. The value of the wealth behind the currency is different.
The use of currency as a symbol of wealth started as a convenience, since wealth has many forms and making change can be cumbersome.
Unfortunately our government has not totally detached the currency from the wealth, and the MMT religion has validated that thinking.
I suspect that others are also starting to suspect that there is a problem developing in that reality.