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fair enough, and your last point is more or less my point. it's only 68 trillion if it can be sold for that amount -- which i don't believe is possible.

corporate greed will work until it doesn't. eg., if Starbucks charges $8 for a cup of coffee, that gives a local shop a chance to open and charge $7, etc. capitalism works. for things like hotels and airlines that use membership and points for rewards, higher pricing can be more resilient.

that Farrow is certainly a well-spoken chap. i was always a fan of Julie Hyman. i thought she did a good job during the financial crisis back in the day, and was sorry to see her go to Yahoo.

to me the problem is that the $68 trillion is not sitting in cash ready to be transferred. the majority of the wealth is likely in housing, followed by stocks and bonds. so, assuming for every sale there needs to be a buyer, who's buying all the assets for $68 trillion? now i know, not every...

Who can spot the problem with his premise?

https://portside.org/2022-04-24/corporate-profits-have-contributed-disproportionately-inflation-how-should-policymakers Corporate Profits Have Contributed Disproportionately to Inflation. How Should Policymakers Respond?

hotels have increased their prices and i don't believe there has been such an increase in demand that they are fully-booked. a room that used to go for $150/night is now $220, and if i want the quiet side of the hotel (which used to be free if i asked), now has a $10 surcharge.

fed/central bank pivot, or russia-ukraine war ending = death of inflation, deflation, and return of the status quo - money printing and spy = no risk/free money, or whatever rikshaw man calls it.

this time it's definitely different

thanks everyone for participating in the poll. i'm not surprised that stocks is the number 1 pick. and i'm also not surprised to see that cash ranked high. what surprises me about the poll is that so many chose real estate (rental income) - second place after stocks. it wasn't discussed at all...

They have a name and have been described in detail; they are Ellsworth Toohey

one day, SunTrader, you’ll maybe meet a hot-blooded Nikita to show you the world and the thrills of grammar on ET may be less thrilling. Until then, happy editing. (posted from my auto-correcting phone)

Thanks for consistently providing me with insightful feedback- apparently it’s good for my well-being. which reminds me of the other aspect of this philosophy that bothers me— that consistency of brain chemistry over life isn’t taken into consideration. I’m sure the first time you trolled...

i think i don't get it. is the article saying "if you are a low earner, don't save, be essentially poor your entire life, and social security will be there for you in retirement"? uh huh. that's the spirit. the good ol' american dream. and if you're expecting to be wealthy, then spend everything...

https://www.realvision.com/tail-wagging-the-dog-how-options-gamma-drives-equity-price-action the video isn't available but i've always liked the analogy of the tail wagging the dog

It‘s a hypothetical question, unfortunately. I don’t think I’ve ever had so much uncertainty about the financial markets/world as I do right now. I trade a bit and also invest each month- right now my vote was cash and diversified stocks (etfs). Also looking at copper and nuclear power etfs.

Where do you think your money is the safest today with a multi-year outlook?

i was really hoping the deal would fail and my leap $60 calls would print :banghead:

Then what’s this? https://hypebeast.com/2022/2/jp-morgan-virtual-lounge-decentraland-first-bank-enter-metaverse :rolleyes: