| To: TobagoJack who wrote (1978) | 6/8/2001 12:28:36 AM | | From: LLCF | | | | <Accounting coconuts are a fairly constant number, increasing only when new coconut fields are either planted or discovered. Actual coconut count rises and falls with severity of storms and productivity of coconut planting and exploration.>
Sorry, CB just assured me this was ludicrous.... <VBG>
Otherwise... great post.. a classic.
dAK |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: LLCF who wrote (4437) | 6/8/2001 1:23:45 AM | | From: pezz | | | | Well since we haven't had inflation without higher interest rates [ to my knowledge ]what you ask would be tough to demonstrate........
Can you show me a time of inflation with out the fed raising rates that the markets went down? |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: TobagoJack who wrote (4423) | 6/8/2001 1:32:34 AM | | From: pezz | | | | <<cash will buy a lot more of whatever Pezz and Maurice are holding now, later.>>
Oh yeah??? Well, well, Sput,sput....We shall see about that! pally......<Gasp>,choke.
My stocks go down?? That couldn't happen !........Could it? |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: TobagoJack who wrote (4439) | 6/8/2001 1:55:28 AM | | From: pezz | | | | <<The thundering herd is going one way. I see Pezz and Maurice in its midst, euphoric, like in the days of old.>>
Jay,Jay,Jay......Give it up. If you keep this up you'll become old and bitter way before your time just like Wes. The market's going up day after day.........Enjoy.....enjoy. We is all makin money . There is enough for everyone. Everyone is gonna be rich. You may as well too.....ahh ...richer that is.
< The above said with tongue only slightly in cheek.> |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
| To: pezz who wrote (4512) | 6/8/2001 3:55:19 AM | | From: smolejv@gmx.net | | | | >>We is all makin money<< Huh?! I thought this is FED's aka AG's job.
>>There is enough for everyone<< We just have to make sure, we're as close to the front of the line [EDIT - food-chain] as possible.
dj |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: LLCF who wrote (4435) | 6/8/2001 4:32:18 AM | | From: Maurice Winn | | | | <...Can you give a brief synopsis of the type of changes you see that support your claim that the internet is bigger than the internal combustion engine or electricity for example??? For instance, I see that the internet shopping has wiped out catelogue shopping over the phone since I can now see them online [sadly someone should tell the catelogue companies this and I keep getting the damn things in the mail] and order without talking to anyone... You must be seeing that retail stores will be closing en masse at the VERY LEAST to support such a claim... what else???>
DAK, you are thinking in human terms. The biggest point about IT is that it will want to be for IT's own sake, not as a shopping catalogue for people buying electronic systems to play gutter rap. Humans are not the only things which have a sense of self. We are in the process of creating something with a sense of self. Maybe humans won't be needed at all and we are just a kind of zeolite molecular sieve for producing the next piece of consciousness in the earth area, just as chimps were the jig from which humans were created by the mindless random work of DNA evolution. With applied intellect, the next stage of evolution should be very, very fast. I suppose when females started choosing smart men as mates, human evolution got a very fast acceleration too. But not as fast as will happen with cyberspace because human gestation and development takes at least 20 years, whereas electronics can be cloned and redesigned in the space of months [or days or hours in another 20 years].
Apart from that, everything that doesn't need a wheelbarrow or shovel can go on the Internet. Banking, reading, communications, insurance, just everything! The most valuable things we deal with are the things which go into our brains rather than our stomachs. Our brains are the defining characteristic of humans. All that old industrial revolution stuff was mostly replacing dumb muscle. Cyberspace replaces our brains or gives them a huge boost. Information is what our brains deal with. Information is what cyberspace already can provide and in vast, fast quantities.
Disintermediation is the jargon referring to worker displacement. As you say, one combine harvester replaces a lot of sickles and people. The people who are replaced by cyberspace can get useful 3D jobs - there is no shortage of things which need doing anywhere I look.
That's my theory anyway,
Mq |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (4) |
|
| To: pater tenebrarum who wrote (4497) | 6/8/2001 5:24:07 AM | | From: Maurice Winn | | | | <<Saving can be done by way of share ownership. >> < that's investing, not saving. i know it is nowadays popularly confused, but it is really not the same thing.>
Hang on a minute, I was replying to what you wrote:
>all an additionally printed dollar does is debase the value of all remaining outstanding dollars. no value is created, it's just a piece of paper. what it DOES do, is punish all savers.>
I agree that buying shares is investing and I was sloppy in usage, but savings is the process of having surplus coconuts. If the coconuts are being stolen or inflated, as is the case with Green$pan printing, I was suggesting that all savings be converted immediately to shares. That way, there is no punishment to savers who prefer not to own the inflated money.
I don't think that printing money creates value [other than as a way of funding the management of the money supply]. I did say that most people consider the government taking the coconuts [by slyly printing more credit notes for coconuts] is creating social value better than is created by individuals keeping their coconuts for themselves. I happen to disagree with that idea [for nearly all government spending].
Reading Jay's early Chinese adventures, I dare say he agrees that governments confiscating people's coconuts, sausages and nausages does not create value.
Mqurice |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
