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Most people not doing well in todays economy
invite response
2014 Sep 10, 2:59am 18,450 views 58 comments
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"Just another free-market fuckstick who is bloody ignorant of basic economics"
Do basic economics not count things as sold when one person sells them and another buys them? If you want to say that in Detroit there are no buyers, then I guess we can agree. Because there are a whole bunch of houses for sale that no one is buying. Then again, I guess you don't really want to hold up Detroit as an example of "free-market fucksticks" ruining a town because those aren't the guys who were in charge, were they?
Bellingham Bill
2014 Sep 13, 6:53am
One thing about "nobody buying", only the specuvestors can afford to DCA in a down market.
When prices are going down, it makes sense to stand aside.
Falling knife, etc.
One thing about "nobody buying", only the specuvestors can afford to DCA in a down market.
When prices are going down, it makes sense to stand aside.
Absolutely, that's called price and tail risk discovery. And it's a good thing but it cannot happen if the Fed takes away the tail risk and helps big investors to buy and drive up the price.
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