Designer Handbags Are Now A Better Investment Than Art

[guru]

People've got way too much money to burn. How about spending them on creating housing and schools for the poor? How about spending them on creating sanctuaries for the homeless? How about spending the $$ to create some jobs and support some businesses for the people who just lost them due to the pandemic lockdown? So many ways to spend the money and they want to spend it on a BAG? Seriously a bag? A container that you put stuff in and carry around? It's only becoming an investment because people are hyping it up.

Feel so sorry for that crocodile who just lost its skin and its life just for people to have something to put stuff in and carry around.

The money still circulates through people and economy. Bag manufacturer will spend the money on employees, corporate expenses, while the owner or CEO will spend it on his own house, cars, food, and pets. Investors and stock traders may also get chunks of that money, and spend it too.
Simply giving money away to the same people that could earn it, would make those people dependent on handouts instead of fighting to survive by working or starting own businesses. That’s how socialism fails every time - people not needing to fight for survival, not starting businesses, not inventing anything, not working hard, but simply having their basic needs covered.
This may not always be true and not always work like that, but so would be any other viewpoint.

 

[JSOP]

Trading/specuation is so important to an economy everyone should be saying a small prayer to traders/speculators before they go to bed.

Without speculation we wouldn't have large companies and without large companies we wouldn't have airplanes, cars, white goods, cheap food and so on. Why? Because speculation is really buying risk. So if specuators buy risk it must mean someone is selling it. Who? Big companies. They need to manage their risk otherwise they can't grow in size. Think how much copper a massive white goods manufacturer needs? if the price of copper doubles or triples over a year chances are they'd go broke. Same with the copper mine, if the price moves 50% lower over a year they might go broke. So both WANT to hedge their risk and that's why speculators are absolutly critical to a large and prosperous economy. Look at the shitty countries in the world, ain't much speculation is there? Unsurprising.

Speculation also helps to make a price which is atually not that easy to do and can only be done with many people willing to make a price. For example, you might have a car to sell but I don't drive so the price you want versus the price I'd pay is miles apart. But if you take the car to a car auction you're going to get a generally fair price.

Speculation also tightens the prices making it cheaper for everyone to trade.

Of course Hollywood and the politicians always need a bad guy and any money man is normally always going to be that bad guy. And there's no doubt that speculation sometimes gets too crazy but that's a small price to pay for the massive value they bring to an economy.

Did I ask you to say a prayer for designer bag speculation?

 

[JSOP]

Your comments are odd coming from a trader who at best trades pieces of paper and at worst is gambling with side bets.

It’s also odd coming from a person who ostensibly earns a lot of income from the free market of supply and demand. It’s reasonable to believe the handbags are overpriced, but it is inconsistent to insist that those people put their money to helping the poor.

Poor lives matter. And again as I said before if you believe all traders do is just trading pieces of paper and nothing else then you are not a real trader and you have no idea about trading.

 

[newwurldmn]

Poor lives matter. And again as I said before if you believe all traders do is just trading pieces of paper and nothing else then you are not a real trader and you have no idea about trading.

No actual response to my comments.

If you think you are doing god’s Work by speculating in the financial markets, I feel bad for you. But continue to sit on your high horse while you front run real money accounts or scalp ticks for lunch money.

 

[JSOP]

No actual response to my comments.

If you think you are doing god’s Work by speculating in the financial markets, I feel bad for you. But continue to sit on your high horse while you front run real money accounts or scalp ticks for lunch money.

Wow you flatter me, @newwurldmn, no I don't think I am doing god's Work by speculating in the financial market but I do think that I am doing more than just trading pieces of paper and gambling with side bets so don't feel bad for me. And I don't think I am sitting on high horses just because I think people should do more with excessive money that they have rather than hyping up the price of bags. I feel bad for you if you think that.

 

[newwurldmn]

Wow you flatter me, @newwurldmn, no I don't think I am doing god's Work by speculating in the financial market but I do think that I am doing more than just trading pieces of paper and gambling with side bets so don't feel bad for me. And I don't think I am sitting on high horses just because I think people should do more with excessive money that they have rather than hyping up the price of bags. I feel bad for you if you think that.

You are sitting on your high horse. You are self righteous about other people’s money.

 

[JSOP]

I think you should do more than just scalping for ticks, front running pension funds, or exacerbating volatility that makes real working people’s jobs harder.

What makes you think I don't? I do. You can't see it? That's not my problem.

 

[easymon1]

Telling people how to spend their money.
That's Bern Sander's job.
Leave it to the expert socialist with beachfront properties, couple of audi 8's, never had an honest day's work in his life, not to mention never got a job in the public sector.
but he IS an expert in advising the sheeple what to do with the cash, lol.
feel the burn.

 

[newwurldmn]

What makes you think I don't? I do. You can't see it? That's not my problem.

I’ve been trading long enough enough to know that traders live in glass houses and should not be throwing stones.

 

[JSOP]

I’ve been trading long enough enough to know that traders live in glass houses and should not be throwing stones.

I have also been trading long enough to know that people, regardless what they do shouldn't judge. I did not throw stones. I was just expressing my opinion. People shouldn't be spending money on freaking bags. People should help others and you should too!