tag:blogger.com,1999:blog-8515247115132134144.post8599298399869641129..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: This Is Not 1982Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-8515247115132134144.post-7529357906579743922014-02-06T01:00:42.076-08:002014-02-06T01:00:42.076-08:00Rob Dawg,
They aren't needed and they no long...Rob Dawg,<br /><br /><i>They aren't needed and they no longer deliver value.</i><br /><br />From a tongue-in-cheek value perspective:<br /><br />1. Young unemployed kids like to have a place to hang out.<br /><br />2. Malls offer free demonstrations of the products Amazon.com sells.<br /><br />3. Malls offer free heating on cold days and free air conditioning on hot days.<br /><br />4. Free bathrooms. Don't even need to bring your own toilet paper.<br /><br />5. No cover charge.<br /><br />6. No 2 drink minimum. Malls even provide free drinking fountains.<br /><br />Tremendous value! Sigh.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-5792613255815764462014-02-05T20:01:14.383-08:002014-02-05T20:01:14.383-08:00More like half the malls by my reckoning. They are...More like half the malls by my reckoning. They aren't needed and they no longer deliver value.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-11391633788803650482014-02-05T19:19:57.892-08:002014-02-05T19:19:57.892-08:00TJandTheBear,
Survivorship bias
Survivorship bia...TJandTheBear,<br /><br /><a href="http://en.wikipedia.org/wiki/Survivorship_bias" rel="nofollow">Survivorship bias</a><br /><br /><i>Survivorship bias is the logical error of concentrating on the people or things that "survived" some process and inadvertently overlooking those that did not because of their lack of visibility. This can lead to false conclusions in several different ways. <b>The survivors may literally be people</b>, as in a medical study, or could be companies or research subjects or applicants for a job, or anything that must make it past some selection process to be considered further.</i><br /><br />I survived the dotcom bust! I also survived the housing bust! I shall live forever and take excessive risks like the frickin' genius that I am!<br /><br /><i>Survivorship bias can lead to overly optimistic beliefs because failures are ignored...</i><br /><br />D'oh! Never mind, lol. Sigh.<br /><br />Gallows humor.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-11097016749860474692014-02-05T19:06:14.112-08:002014-02-05T19:06:14.112-08:00** COUGH (survivor bias) COUGH **** COUGH (survivor bias) COUGH **TJandTheBearhttps://www.blogger.com/profile/10735388072841457108noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-16229995620531377652014-02-05T18:58:36.995-08:002014-02-05T18:58:36.995-08:00Troy,
(I still don't understand how that can ...Troy,<br /><br /><i>(I still don't understand how that can be $30,000+ per working-age person. One out of 2 people have a $60,000k+ gov't job . . . 1 in each household???)</i><br /><br />(Don't confuse government spending with government revenue. One is much bigger than the other, lol. Sigh.)Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-71453788862705849122014-02-05T18:56:45.572-08:002014-02-05T18:56:45.572-08:00Troy,
Looks like the age of Big Gov't is clos...Troy,<br /><br /><i>Looks like the age of Big Gov't is closing, too, unless it's directed at the Boomers.</i><br /><br />Can I Haz <a href="http://en.wikipedia.org/wiki/File:NASA-budget-federal.jpg" rel="nofollow">NASA</a> back?Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-79750216860762124902014-02-05T18:52:16.822-08:002014-02-05T18:52:16.822-08:00(I still don't understand how that can be $30,...(I still don't understand how that can be $30,000+ per working-age person. One out of 2 people have a $60,000k+ gov't job . . . 1 in each household???)Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-75253016262821754742014-02-05T18:51:02.974-08:002014-02-05T18:51:02.974-08:00From your link:
Meanwhile, Siegel says, many of t...From your link:<br /><br /><i>Meanwhile, Siegel says, many of the market's risks are disappearing, which in itself is worrisome, as bull markets historically climb a wall of worry.</i><br /><br />I love that the only risk that bothers him is that the risks are vanishing. That's just priceless, lol.<br /><br />He did such a "fantastic" job <a href="http://illusionofprosperity.blogspot.com/2011/02/more-dangerous-advice-from-jeremy.html" rel="nofollow">predicting the path of real yields</a> that he's bound to be right on the future of the stock market too!<br /><br />From the link:<br /><br /><i>Jeremy Siegel, finance professor at the University of Pennsylvania´s Wharton School of Finance commented, “Two weeks ago was the first time in my life that I was worried about the very stability of the United States financial system.”</i><br /><br />That was said in 2008. As far as walls of worries go, that one was like the Great Wall of China, lol.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-75924766204917923792014-02-05T18:49:45.427-08:002014-02-05T18:49:45.427-08:00http://research.stlouisfed.org/fred2/graph/?g=rK8
...<a href="http://research.stlouisfed.org/fred2/graph/?g=rK8" rel="nofollow">http://research.stlouisfed.org/fred2/graph/?g=rK8</a><br /><br />real per-capita (age 25-54) gov't expense (all levels less SSA and Medicare)<br /><br />Looks like the age of Big Gov't is closing, too, unless it's directed at the Boomers.Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-73932379305855675992014-02-05T18:27:03.919-08:002014-02-05T18:27:03.919-08:00One way Siegel says now is the time to jump in and...One way Siegel says now is the time to jump in and ride the DOW to 18000 or 18500.<br /><br />http://www.moneynews.com/InvestingAnalysis/Siegel-Dow-invest-market/2014/01/17/id/547643<br /><br />This is not a joke (or investment advice). Well, it is kind of a running joke.Mr Slipperynoreply@blogger.com