Zack Morris wrote:
Well, these days, I am considerably more selfish than before and am primarily interested in #1. I have considerably more investable income now, and some aggressive medium-term savings targets, so stock market inflation coupled with general disinflation (which, by the way, is the exact opposite of what everyone on the old Spengler Forum predicted with regards to central bank interventionism half a decade ago) is a dream come true.
I live within my means and manage to sock away half of my after-tax income into savings. I think I'm going to take a page from the conservative playbook, pat myself on the back, and go around telling everyone I know that they should be more like me.
Just like a liberal Clinton voter from the late 1999 or a liberal california democrat houseflipper from 2005. Young people, no knowledge of history.
Half a decade ago, lots of predictions were made about the results of STPN. Your predictions were incorrect.
So were yours. Do you want the employment and debt projection charts or are you already familiar with them. Shovel ready.
And your statement here is full of subjective nonsense. "Healthy resource allocation" is a meaningless statement. I believe healthy resource allocation is that which maximizes my net worth.
It did sound liberal, I'll give you that. I'll reword "non-bubble allocation". That should be better.
Like in 1999, a lot of people are confused about how to maximize their net worth. This is my 3rd time around, this will be my greatest moment, when I thought they were all behind me. Joe helped me the first time, then I had the hang of it the 2nd time, now, I feel like I'm being led by a higher power who has a great purpose for me.
STPN has been going on for decades in some form or another and no buildings have ever fallen on anyone.
Have you seen what happened to black people. Do you even view them as human beings.
Asset prices have been less volatile in the years since fiat currency began to be used than before.
Gak. Gerk. Grik. The world is so much easier when there is only one variable. I'm sure that the only thing that came to bear on the "Volatility of asset prices", the onlcy change before 1917 and after was fiat currency. Nothing else about humanity changed before or after that point. And of course that is the only metric to evaluate fiat currencies. the volatility of asset prices. Whatever this argument was about I have clearly lost it.
That's not true. Low income constituents tend to avoid banking services in favor of loan sharks and check cashers, both of which come under regular and sustained fire from Democrats. Everyone has been trying to steer low income people into the market, they just aren't taking the bait.
I think you don't follow politics.
Maybe it's because they are too addled by sin, sloth, and general moral decay to muster the clarity of thought and values necessary to save and invest. Maybe there are real structural barriers to their doing so. I don't know. All I know is the easiest thing for me to do is to look away. It's not my problem anymore.
I hear that a lot from liberals these days. The new humanitarianism.
I devote my time to a local charity here and hand out cash to beggars when I can spare it. That's far more than 99% of Americans are doing, I've learned.
You have a hard time sparing pocket change for beggars, huh. I thought that you were doing very well these days.