Stock market crash

[Bundy]

Who else thinks the stock market crash is a good thing? The end of capitalism?

 

[Dylan]

You really don't want capitalism to go away.

 

[toffeestillidie]

my parents lost 40,000 dollars last month, so no its not a good thing. my dad is relatively financially literate too, and we have an adequate savings for our family, plus i'm going to university for free so he has the money he saved for that, but i know a lot of families aren't as fortunate.

i can see how you might be right in the long term though, out of the great depression came many important social programs.

 

[teppic]

i'm 3 months away from opening a new business in korea.

thankfully i don't have to borrow from the bank, but what will the disposable income be spent on in korea? i hope, education..

 

[Arteta2391]

We are not living in a "Pax Americana"

Everything in our economy seems like its about crumble at any given second. What exciting times to be living in...

 

[Bruce Wayne]

You really don't want capitalism to go away.

Amen to that. I'm inclined to think however that a sterner line needs to be taken with the finance industry. It is part and parcel of capitalism that failing companies are allowed to go under.

 

[atrottel]

You really don't want capitalism to go away.

On the other hand, capitalism doesn't really want socialism to go away... (PDF link)

 

[Nebbiolo]

I never really got into economics having only flirted with Marx and then Smith. But as far as I am aware, the market is adjusting itself. I suppose the trick for an investor is being canny enough to read the signals and get out of various investments when he is still in profit. Also, there is loss and there is loss. If I invest £10,000 in X at point P and then X sores in value to £20,000 at point P1, but then drops back down to £15,000, then I have still made £5,000 from my P investment, even though I have made a loss of £5,000 from P1. I'd therefore be interested to know how many people have made real losses (P losses) and how many people have merely made a P1 loss, which is not a disaster at all in my book.

 

[Bruce Wayne]

Quite. It's all relative to when you got into the market, and more importantly, when you got out.

 

[toffeestillidie]

my hang up with the stock market, which may be viewed as oversimplified and naive, is that its a zero sum game across global markets. there is only so much total money, so essentially you can't make money unless someone else loses it, because the money has to come from somewhere.

basically, every penny you earn off the stock market is one that was lost by someone else, there just seems to be something dirty about making money off that kind of system.

it also bothers me how stupid people can influence markets, the whole self defeating prophecy idea, where people who are afraid of a market crisis rapidly sell their stock, causing others to follow suit, and triggering a market crisis.

 

[Bundy]

In Australia the stock market is over inflated by superanuation firms. They have to put your super money somewhere, so they put it in the stock market hoping it makes some money. So companies are valued at twice what they are worth cause your retirement money has to go somewhere.

 

[Gazdalf]

Shame. If someone would have learnt to drive it this never would have happened.

 

[Reidy's Bottle Of Grecian]

my son has some damages he was awarded held by the court funds office, i objected as 25% went to 6% interest account and the rest to some common investment fund, iwas happy with the 6% over the 18 years......guess what, he's lost more so far this tax year than i have earned. to be given the choice as his father wouldnt have been too much to ask i dont think, i didnt want access to it or anything just a say in his affairs

as you can see, the last 12 months have been [Poor language removed] and wiped out what he had earned in the previous 4.

 

[coyney]

my son has some damages he was awarded held by the court funds office, i objected as 25% went to 6% interest account and the rest to some common investment fund, iwas happy with the 6% over the 18 years......guess what, he's lost more so far this tax year than i have earned. to be given the choice as his father wouldnt have been too much to ask i dont think, i didnt want access to it or anything just a say in his affairs

as you can see, the last 12 months have been [Poor language removed] and wiped out what he had earned in the previous 4.

I find that disgusting surely you and your wife are the people most likely to want the best for him,other than parents that are druggies ect in cases like this the child's parents should have a say.