patrick.net

thomaswong.1986 says

We all started working hard for less.. eventually if you keep at it and dont give up, it pays off. Follow your bliss!

Come on, you know I don't go for that "BOOTSTRAPS" stuff.

tts says

And they know it. Just a decrease in growth results in massive riots where factory managers are dragged out into the street and beaten to death in front of everyone.

If that's true, my respect for the Chinese people just went up 10X. Good for them!

tts says

Force corporate and bank leadership to invest and care more about the future of their respective companies by requiring them to hold shares in the companies they control for 10 yr or more.

Amen to that. If leadership isn't even invested in the company's future, why should they care?

Bootstraps won't get anyone anywhere. Not when there's a flood of cheap illiterate labor from Mexico coming across the border.

Pieces of paper that say "degree in Engineering/Finance/Medicine might get you somewhere. They at least give you an "economic moat."

wthrfrk80 says

If that's true, my respect for the Chinese people just went up 10X. Good for them!

There are some pretty crazy videos if you looking around on the internet for them. You'd be surprised with what turns up if you just put "chinese rioters" into Google Image Search. The Chinese and the S. Koreans really know how to stand up for their rights and aren't afraid to go toe to toe with the cops.

Best one I saw on youtube was where they blocked the streets with stolen buses so the cops couldn't get to them, then they stormed a corporate office, beat down the doors with sledges and turned fire hoses onto the corporate guys. Funny as all hell.

tts says

Come on, you know I don't go for that "BOOTSTRAPS" stuff.

i started with flipping burger and so have many others... you start somewhere
and you move on to the next thing.. sow your seeds today!

The economy doesn't work like that anymore. Now you can have a college degree and still be stuck with burger flipping.

You know that single discussion that I started? You can see if it you click the "Discussions" link under my handle there. That was what reality was like almost 2 yr ago now and its only gotten worse since then.

tts says

Now you can have a college degree and still be stuck with burger flipping.

Very true.
tts says

they stormed a corporate office, beat down the doors with sledges and turned fire hoses onto the corporate guys. Funny as all hell.

Imagine if Americans had the balls to do that. Where would we be today? I give OWS credit for trying.

wthrfrk80 says

Imagine if Americans had the balls to do that. Where would we be today? I give OWS credit for trying.

OWS had good intentions but they weren't willing to draw blood. They tried to keep everything as peaceful as possible. The Chinese workers don't have such inhibitions and the police know it, which is why they hold back on their pepper spray.

wthrfrk80 says

Randy, I want predictions. Anyone can fit curves to past data and claim "Eureka! A pattern!" So-called "technical analysts" try to do this all the time with stock charts. And yet they don't beat index funds.

Did you actually read 4th Turning? There are explicit predictions in there and they have come eerily true. So much so that even the authors are quick to point out that they think it's largely an "unfortunate coincidence". I remind you the book was written a decade before the predicted events transpired almost to cue.

And I think technical analysis is quackery, btw. Nothing more than confirmation bias.

bmwman91 says

I grew up here and the place seems to be getting nuttier and nuttier,

Lol only a REAL Californian would say day! And BMWman is right... its the migrants into the state that are driving crazy thinking on home prices and much of our economy...

wthrfrk80 says

Imagine if Americans had the balls to do that. Where would we be today? I give OWS credit for trying.

OWS was not getting anywhere because too many people were seeing it as the start of something big.

When everyone is out looking for that Black Swan, it gets scared and it will not appear.

Historic turning points occur only when practically no one expects them.