ArjinFerman
Tinfoil Gigachad
No bio...
User ID: 626
ArjinFerman
Tinfoil Gigachad
51m ago
they're doing it for SpaceX.
Interesting. I suppose that makes me more whitepilled on the economy, but even more bearish on Elon. Originally I thought this was a SpaceX only thing, and a sign of desperation, but than I heard about the other AI IPOs and thought Elon is just riding a bigger trend. Maybe my first instinct was right.
ArjinFerman
Tinfoil Gigachad
1hr ago
A noble effort. But hopeless. The first thread already demonstrated that priors were set by who you hated most: (1) females; (2) young hoodlums who bullied you; (3) white people.
This thread will not shift any priors.
ArjinFerman
Tinfoil Gigachad
11hr ago
Goodspeed shows that British and American expansions do not resemble Dorian Gray, looking beautiful but hiding an inevitable accumulation of malinvestments (objectively bad investments that are destined to fail) and distorted decisions (mistaken economic decisions taken on the basis of bad regulation or flawed prices) that make a correction inevitable. If they did so, he argues, one would expect that as expansions get longer they get more and more likely to end
It sounds like he didn't understand the argument he's disputing. Malinvestments aren't necessarily "objectively bad investments that are destined to fail", their failure and "badness" stems from whether the current interest matches the market time preference, so I don't see how "one would expect that as expansions get longer they get more and more likely to end". I heard about Schumpeter, but I don't recall anything specific he said, so I don't know if he was portrayed accurately.
In short: crashes happen, but attempting to pop them early can only do more harm than good.
Maybe. I can easily imagine people doing even more harm, but I don't see what it has to do with what I asked. My question was about what I, personally, can do to brace for impact, not for policy recommendations.
ArjinFerman
Tinfoil Gigachad
17hr ago
For some reason the notification for this response popped up only now for me. Thanks for the confirmation.
Just to suffer.
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