Well there's always the brief enjoyment of watching the rich lose billions.equinox_code wrote:What is the wider societal benefit of people being able to profit from stuff like this?
Luther wrote:Isn't it just predicated on the theory that over time stock always go up?
Roujin wrote:Recent events are doing nothing to change my mind that the people in charge haven't got an actual clue and just behave with herd mentality on any change in the market. These are the same experts who didn't see the 2008 crash coming and couldn't spot the problems in the Chinese market either until it all went to plop, at which point instead of allowing the market to correct, the Chinese gov step to help artificially stabilise things. How is this even a system in the 21st century that people think is a suitable means of investment for the worlds pension funds and other huge sums of cash?
Well I certainly take advantage of capitalism, but mainly it's taking advantage of other people's greed and stupidity. Shares are only worth what somebody is prepared to pay for them. If I make money that means someone doing the same as me has lost money. The idea is to buy low and sell high. That's really all there is to it. What's mental is the money you can make from a company without lifting a finger when the people grafting are earning minimum wage. The solution is to properly tax the rich but it needs an international effort which is frankly never going to happen.acemuzzy wrote:I can't remember if this allows us to conclude you're an evil capitalist pig or not
WorKid wrote:Basically yes. QE money sloshing around has to go somewhere, and it will end up in equities.
Didn't the Dax jump on talk of more QE from Dragi lately?
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