The house of cards in the early stages of a major implosion.
Last edited:
*Investors Blog*
- Thread starter Warstud
- Start date
The house of cards in the early stages of a major implosion.
Dollar is crazy strong, takes less to buy metals. Buy precious metals while dollar is strong.
Last edited:
Beautiful
Beautiful
Everything's gona fall to April 2020 price levels not cause this is the end of the world like some want lol...but just a technical chart retrace
I like that Powell in a small way making billionaires lose money,bezos zuckerberg and very soon even musk all being brought down to their knees that even zuck is squealing lol
I would have much preferred the billionaires taxed more instead of their money going to money heaven from stock losses
I like that Powell in a small way making billionaires lose money,bezos zuckerberg and very soon even musk all being brought down to their knees that even zuck is squealing lol
I would have much preferred the billionaires taxed more instead of their money going to money heaven from stock losses
Sold a bunch today. Next week has me very nervous and all the signs point to a rough few months ahead. The Shmita reset is closing in....
Yep, many are "riding the inflation train" as much and as long as possible due to reaping more profit driven by pure greed. Too much of that, and inflation can artifically feed on itself and get out of hand.
What's that graph look like now?
Owen Lucas
$100 Site Donor 2023
- Joined
- Sep 5, 2021
- Messages
- 3,639
Are you referring to an agricultural influence on the stock market?
I know this chart seems a little "woo woo" but it back tests very well. I believe it is influenced by solar cycles of all things. What do you think?
An opinion piece by Robert Reich promoting price controls? He may get one thing right in his life, but it hasn't happened yet, and this article posted in The Guardian sure isn't it.
Price controls?
What could possibly go wrong??
Wow.
What could possibly go wrong??
Wow.
Owen Lucas
$100 Site Donor 2023
- Joined
- Sep 5, 2021
- Messages
- 3,639
Definitely. I have been buying on the way down, but recently cut my contributions in half just to have more ready to buy when the time comes.
A big recession ... the ultimate "price control". Which one is better?
Recession would be a certainty with price controls. They NEVER work as intended.
Problems with price controls as a way to control inflation
- Price controls do nothing to tackle the underlying reason for inflation. For example, if inflation is caused by excess demand, the demand will still be there, but the price controls will only make goods more attractive. If inflation is caused by a shortage of goods and cost-push factors, the shortage is not resolved by keeping price limits lower.
- Lack of incentive. Price controls can reduce the incentive for firms to increase supply. For example, if prices are rising due to supply bottlenecks. The rise in prices will create an incentive for firms to increase supply. However, if the government pursue price controls, then this incentive to increase supply is reduced. Therefore, far from solving the problem, price controls can make the shortage last for longer.
- Shortage. The price controls of the 1970s led to queues and shortages of meat and gasoline.
- Wasteful activity. Price controls can lead to wasteful economic activity as people wait in line to get the limited goods. This increases the cost of the good. If you earn $15 an hour but spend 30 minutes in a queue, the gasoline is an extra $7.50
- Bureaucracy and interference. With price controls, there is wasteful spending on government bureaucracy. The WWII price administration office gained 15,000 employees and firms complained that the agency was not just setting prices but increasingly being descriptive of which goods they could sell.
- Black market – another problem of price controls is that it is likely to cause growth in the underground economy. When demand is artificially reduced, there will be a temptation for people to buy at an artificially low price and sell at a higher price on the black market to those who cannot queue.
- Lower output. With price controls, firms will have less incentive to produce goods, leading to lower employment. A study by Paul Evans found that WWII price controls were successful in keeping prices 30% lower than otherwise, but with a 12% reduction in employment and 7% lower output. See Journal of Political Economy (1982)
