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 Strategies & Market Trends | The Financial Collapse of 2001 and Beyond


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To: Metacomet who wrote (88963)4/10/2012 9:44:03 PM
From: Maurice Winn1 Recommendation   of 101243
 
Thanks for that data MC. First we need to check the actual information presented. Note carefully that they use the expression "financial wealth". That obviously excludes ownership of houses, pensions, family trusts, cushy jobs, easy lifestyle, and other "non financial wealth".

What do they mean by "financial wealth"? I guess it's "money in the bank" and "shares, bonds and such financially liquid assets". But who knows?

It's not really something that needs defending. It's just a matter of observing it. Since I know that top people are capably of superlative feats compared with the bottom half in any particular field, it's not in the slightest surprising that the top 5% has such a large share of financial assets. I would be surprised if it was different.

If you give people $1 million each, within a year or four, you will find a similar split. The dumb half will have blown through it in no time and be wondering what happened. A few will still have some. 1% will have done really well.

That's just the natural variation of people. You can look up pretty much any characteristic and find something like a normal distribution curve. Since many things are a win-lose outcome, with the loser being empty-handed, it's not surprising that the spread is wide. In golf for example, there's not much interest in the people coming 25th at Augusta. It's Tiger, Rory and those who are amazing who capture the rewards. Same in Formula 1. Coming 4th is not much use. Roger Federer filled the galleries.

You are suffering envy. Perhaps some counseling would help. The seven cardinal sins are a curse on the person suffering them.

Mqurice

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To: Maurice Winn who wrote (88851)4/10/2012 10:16:51 PM
From: Lazarus   of 101243
 
my wife and i just watched Martin Scorcese's latest movie HUGO and it contained a dream within a dream scene. it was indeed quite odd. i dont know that i have ever had one, and expect that if i did i would recall it.

the wisdom literature of the longer canon which is part of the Orthodox and Roman Catholic bible contains some interesting passages about dreams.

this, for example, from the Wisdom of Sirach (chapter 40):

40:1Great travail is created for every man, and an heavy yoke is upon the sons of Adam, from the day that they go out of their mother’s womb, till the day that they return to the mother of all things. 40:2 Their imagination of things to come, and the day of death, trouble their thoughts, and cause fear of heart;

40:3 From him that sitteth on a throne of glory, unto him that is humbled in earth and ashes;

40:4 From him that weareth purple and a crown, unto him that is clothed with a linen frock.

40:5 Wrath, and envy, trouble, and unquietness, fear of death, and anger, and strife, and in the time of rest upon his bed his night sleep, do change his knowledge.

40:6A little or nothing is his rest, and afterward he is in his sleep, as in a day of keeping watch, troubled in the vision of his heart, as if he were escaped out of a battle.

40:7 When all is safe, he awaketh, and marvelleth that the fear was nothing.

40:8Such things happen unto all flesh, both man and beast....."

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To: The Jack of Hearts who wrote (88961)4/10/2012 10:39:45 PM
From: bart132 Recommendations   of 101243
 
Entitlement is a four letter word in my book when its expected or demanded, as opposed to a "fund" one paid into and hopes to get something back.

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To: Maurice Winn who wrote (88965)4/10/2012 10:42:25 PM
From: bart13   of 101243
 
Got better facts? Got charts?

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To: bart13 who wrote (88967)4/10/2012 10:49:34 PM
From: The Jack of Hearts   of 101243
 
I was very careful not to use that word :O)

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To: Maurice Winn who wrote (88889)4/10/2012 11:09:03 PM
From: Lazarus   of 101243
 
Well, not sure i agree with you on this one Mqurice.....

for a number of reasons.

first i offer once again verse from the Wisdom of Sirach (chapter 38)

38:4The Lord hath created medicines out of the earth; and he that is wise will not abhor them. 38:5 Was not the water made sweet with wood, that the virtue thereof might be known?

38:6 And he hath given men skill, that he might be honoured in his marvellous works.

38:7 With such doth he heal men, and taketh away their pains.

38:8 Of such doth the apothecary make a confection; and of his works there is no end; and from him is peace over all the earth,


ayahuasca is a brew made from combining two different plants. it is unknown exactly how the natives figured out how the two together would work -- unless you accept their explanation: "the forest told them."

many people have testified to having life altering (for the better) experiences.

regarding entheogens Kary Mullis had this to say:

Mullis details his experiences synthesizing and testing various psychedelic amphetamines and a difficult trip on DET in his autobiography. In a Q&A interview published in the September, 1994, issue ofCalifornia Monthly, Mullis said, "Back in the 1960s and early '70s I took plenty of LSD. A lot of people were doing that in Berkeley back then. And I found it to be a mind-opening experience. It was certainly much more important than any courses I ever took." [28] During a symposium held for centenarian Albert Hofmann, "Hofmann revealed that he was told by Nobel-prize-winning chemist Kary Mullis that LSD had helped him develop the polymerase chain reaction that helps amplify specific DNA sequences." [29] Replying to his own postulate during an interview for BBC'sPsychedelic Science documentary, "What if I had not taken LSD ever; would I have still invented PCR?" He replied, "I don't know. I doubt it. I seriously doubt it." [30]

------

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To: Lazarus who wrote (88970)4/10/2012 11:15:03 PM
From: The Jack of Hearts   of 101243
 
I am always amazed at how smart random chance is ;o)

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To: The Jack of Hearts who wrote (88969)4/10/2012 11:17:23 PM
From: bart13   of 101243
 
I keep leaving my political correctness in my other pants. <g>

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To: TobagoJack who wrote (88917)4/11/2012 1:26:27 AM
From: abuelita   of 101243
 
What fun.

approaching 70th rotation - snot fun!.

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To: 2MAR$ who wrote (88943)4/11/2012 2:34:14 AM
From: Haim R. Branisteanu1 Recommendation   of 101243
 
Would wait a bit longer for LULU as the shorts will pile on the stock and WS thieves and swindlers bill bust the short positions.

In a way that is also the explanation of double tops and H&S formation.

Best of Luck

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