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Not sure many people would say positive things they lost money on. Having said that, as with any endeavor there are success stories.

tail wags the dog now and economies are slave to financial macro correlations and fake asset inflation. If Cl was $35, it would imply all other correlations would have plunged.

95% lose.

This is what marketing is. Some people with great products and services can't sell shit. Some people with nothing sell nothing and make alot of money. I've seen quant funds which built out headquarters looking like university campus with PhD astrophysics lectures and supercomputers in the...

Unless you are a large reputable fund, fund family, or several decade pedigree, you will never show up on the radar for HNW money. People I have spoken to past year in that business are only concerned about security of their funds and transparency, none which can be taken with confidence from a...

I agree. This year was my best daytrading year since 2008.

case in point, they looked to hire a discretionary directional trader like me recently..

Popular = supported. If you are getting into semantic anal probes now, discussion is over. Over and out.

What I think doesn't matter it is what the society believes in that molds it's future. WWII was a very popular war and victory outweighed it's cost in the eyes of the people. Vietnam and Iraq not so. Sentiment reflects the direction of the people and what doctrine they are willing to embrace.

Corrections are an essential part of the capitalist business cycle and serves to clean out excess and corruption. Forfeiting capitalism to totalitarian rule serves to extend corruption and it's easy for the oligarchs to sell a loaf of bread to the weak and needy in exchange for slavery. The...

Yup, but they didn't remain capitalist which kept them in the gutter led by one Adolph Hitler.

Nation full of savers who have already served decades of austerity

Yes, but before this thread had morphed, my original comment is that in a capitalist society, velocity of prosperity is preceded by velocity of the hosing. Any other ideology or structure is where this paradigm ceases to exist. They chose their fate

Rise of communist ideology was a backlash against capitalist cycles promised and sold to the working class majority by the wealthy oligarchy. The great depression had everything to do with the rise of communism. It was easily sold to the defeated and starving. Europe entered totalitarian...

Oligarchs. Communism isn't socialism, it's where the uberwealthy retain their power & wealth as did Stalin and Mao and their wealthy minions. The great depression saw the ultra rich in the US lose everything. That is capitalism.

Well that's because the "others" chose communism vs. having faith in capitalism. Capitalism does great work after depression. Communism extends depression.

It wasn't OK in the sense that it was a miserable time for many but it washed out ton of excess, fraud, entitlement, and political corruption which is essential for free market capitalism. The biggest losers in the depression were the 1% uberwealthy. The 99% marginal wealth + working class...

Very true. What modern day economists don't understand (or maybe they secretly do) is that real demand is cyclical and precluded by long deflationary periods as supply and demand work itself to growth. The great bull market of the latter half of the 20th century arose from the great...

friedman was just a satan worshipping lawyer propogating the way of taxing the herd by blurring reality. the real world doesn't live in stupid hypotheticals. If a part cost $2 million dollars, there would be no production of this car. again, hiding under the veil of academia for a deeper evil...

friedman's logic is basically one of a man with no morals hidden under the veil of academic theory and empiricism. car companies have no obligation yet people have the right to sue. who gets rich.. his lawyer and broker middle man friends who produce absolutely nothing, take no sides and...