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There is no financial crisis

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Avtor Sporočilo
Datum objave: 23. jan 2010 20:12
Avtor teme
Datum prijave: 23.01.2010
Sporočil: 1

<a href=http://sober-speculation.blogspot.com/2010/01/there-is-no-financial-crisis.html><u>There is no financial crisis</u></a>

What's up? Bored in class here, decided to introduce myself.

Well, tbh I had this experience recently. Here is what happened When I was done with school one day I headed out, I was hungry so I took a detour to this fast food joint and picked this sandwitch from the menu and then went off to eat it in a corner after finishing it I realized I had not paid for it!

Yeah evidently they were super busy and distracted because there was this manager/investor type looking around everywhere and talking to them.

Why I had not noticed this was because I was obsessing over this concept about the recent stock market crash last year. . The fact is that nothing crashed except currency! All the people in all the companies are still there, all the technology is still there and not forgotton. Now obviously besides the fact that the dollar is known to have lost value the price of stock(in dollars) has also crashed. Now think! Shouldn't the opposite have happened? How can stock value fall more than currency? It can't! This financial crisis is purely psychological and those who don't snap out of it are doomed to failure. Not that it matters much to me personally at this stage in my life though but my guess is that most people are fully unaware or only partly aware that most stock is currently undervalued and there will be no depression. This is so audaciously simple that it just goes over everyone's heads. All of these figures of low growth don't mean anything. Answer me this, if the growth of the last decade was 20% then what difference does it make if everything shrinks by 10% over the next decade? Answer, none! There is no crisis or as that one person whose name I don't recall right now said, it's just an opportunity.
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Datum objave: 23. jan 2010 21:05
Datum prijave: 16.12.2009
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