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quaker bill

(8,265 posts)

28. A reference to zerohedge tells me all I need to know

Reply to Psephos (Reply #27)

Wed Mar 13, 2013, 03:32 AM

Mar 2013

Thanks.

The cool thing about deduction is that if you start with a faulty premise, some really strange stuff can seem to fully make sense. There has been some really interesting work by economists practicing in the real world that proves your first statement to be complete fantasy.

In short, all money of any sort is fiction. The notion that it is tied to something concrete is part of the fiction. It is useful for you to believe it. Enjoy the ride.

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Stocks creep up; Dow rises for seventh day running [View all] Omaha Steve Mar 2013 OP

Everybody save for a few perpetual whiners, thinks this is a great thing! graham4anything Mar 2013 #1

It could be a great thing if progressoid Mar 2013 #2

whining about whiners olddots Mar 2013 #5

It ain't trickling down olddots Mar 2013 #3

I feel the same. lexw Mar 2013 #7

There is no way for a rise in stock prices to trickle down, unless you have money invested in stocks slackmaster Mar 2013 #10

Well... people whose portfolios have risen are more likely to extend their homes, Nye Bevan Mar 2013 #12

I'm investing all of my capital gains in classic velvet paintings of Elvis Presley slackmaster Mar 2013 #14

Not a good sign to me, but a positive thing in that Populist_Prole Mar 2013 #4

All that freshly printed money has to go somewhere... lib2DaBone Mar 2013 #6

The "freshly printed" money quaker bill Mar 2013 #8

You're just the kind they're counting on. Psephos Mar 2013 #16

Money has not been backed with real anything for a very long time quaker bill Mar 2013 #17

The value of fiat currency is proportional to the solvency of its issuer. Psephos Mar 2013 #27

A reference to zerohedge tells me all I need to know quaker bill Mar 2013 #28

selection bias in action Psephos Mar 2013 #29

Irrational exuberance magic59 Mar 2013 #9

Shit floats. n/t DeSwiss Mar 2013 #11

I used to love seeing the stock market go up... lexw Mar 2013 #13

Whoopie! ReRe Mar 2013 #15

There are many millions of people who are invested in the stock market who are chronically... slackmaster Mar 2013 #19

"Millions" of sub-rich... ReRe Mar 2013 #20

I don't understand the basis of your snarky reply slackmaster Mar 2013 #21

I'm sorry... ReRe Mar 2013 #22

The term chronically sub-rich is a literary reference. The expression was used by the Firesign... slackmaster Mar 2013 #23

I'm so so glad you didn't blow me off... ReRe Mar 2013 #24

If you don't have a receiver with a Phono input, you'll also need a phono pre-amp. slackmaster Mar 2013 #25

The dow creeps up davidpdx Mar 2013 #18

Didn't this "W/S Surge" happen right fredamae Mar 2013 #26