tag:blogger.com,1999:blog-8515247115132134144.post304549561083821216..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Bull Market Complacency After the Great DepressionStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8515247115132134144.post-85950942060100184422014-03-09T11:36:01.787-07:002014-03-09T11:36:01.787-07:00mab,
Picture one person building one robot capabl...mab,<br /><br />Picture one person building one robot capable of doing nearly every mundane task that a human could do.<br /><br />Now picture that person commanding that robot to do the following:<br /><br />1. Make a copy of yourself and issue these same commands to it.<br /><br />2. Apply for a job that you are capable of performing at least as good as the typical human.<br /><br />3. Point out in the interviews that you'd be willing to work 24 hours per day at half the pay any human would accept.<br /><br />4. Point out that minimum wage laws don't apply to you as you are not human.<br /><br />5. When hired, perform that job to the best of your ability each and every day. Never complain.<br /><br />The free markets don't really have a good answer for that, other than taking great delight in the next super-jobless lack of recovery, lol. Sigh.<br /><br />Gallows humor.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-83992739655000590832014-03-09T10:37:11.567-07:002014-03-09T10:37:11.567-07:00I suspect one reason that there was no calm period...<i>I suspect one reason that there was no calm period immediately following the Great Depression had a lot to do with simply not having enough data to make informed decisions.</i><br /><br />Imo, more than anything it had to do with a lack of Gov't intervention. <br /><br />The notion that free markets are efficient and self correcting just doesn't square with history. <br /><br />Successful economies and markets are managed! People like Mish only see mismanagement. Talk about turning a blind eye!<br />mabnoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-57257395121886045782014-03-08T22:54:45.353-08:002014-03-08T22:54:45.353-08:00fried,
Do investors really make informed decision...fried,<br /><br /><i>Do investors really make informed decisions?</i><br /><br />You make a good point. I better come up with an alternate theory. Hey, I know. In 1929, high frequency trading algorithms revolved around screaming "Sell!" faster than the next guy, lol. Perhaps that put a damper on investor enthusiasm that was not soon forgotten, lol. Sigh.<br /><br /><i>It reminds me of the lottery...when the pot hits a tipping point, say 200 million, the crowds line up to buy tickets, even though the odds of winning worsen.</i><br /><br />Don't even get me started!<br /><br /><b>December 13, 2013</b><br /><a href="http://www.myfoxal.com/story/24217953/alabamians-cross-state-lines-to-buy-mega-millions-lottery-tickets" rel="nofollow">Alabamians cross state lines to buy Mega Millions lottery tickets</a><br /><br /><i>Marco Williams works as a police officer in Alabama and said he had no intention of driving to the Georgia border to buy lottery tickets.<br /><br />"Me and my friend who I work with just decided to come over here and buy a lottery ticket. She woke me up this morning, cause I worked late. I wasn't going to go, but she talked me in to it," Williams said.</i><br /><br />Driving to another state to buy one lottery ticket?<br /><br /><a href="http://www.irs.gov/uac/Newsroom/2013-Standard-Mileage-Rates-Up-1-Cent-per-Mile-for-Business,-Medical-and-Moving" rel="nofollow">56.5 cents per mile to operate a motor vehicle?</a><br /><br />Expected return on investment?Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-18348735858178811442014-03-08T21:10:49.208-08:002014-03-08T21:10:49.208-08:00Do investors really make informed decisions? Some...Do investors really make informed decisions? Some must, but herd behavior may be more to the point.<br /> It reminds me of the lottery...when the pot hits a tipping point, say 200 million, the crowds line up to buy tickets, even though the odds of winning worsen.<br />of course, I'm inching along here with a lot of ibonds and cash, so what do I know. Friends are making bank.friednoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-57742357696582900392014-03-08T19:39:28.258-08:002014-03-08T19:39:28.258-08:00I suspect one reason that there was no calm period...I suspect one reason that there was no calm period immediately following the Great Depression had a lot to do with simply not having enough data to make informed decisions.<br /><br />We're talking pre-computer generation here.<br /><br />It's just a theory on top of a theory though.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com