<a href=http://sober-speculation.blogspot.com/2010/01/there-is-no-financial-crisis.html>There is no financial crisis.</a>
So here's what happened. When I was done with school one day I headed back home, I was hungry so I took a detour to this fast food joint and ordered a sandwich and then went off to eat it in a corner when it suddenly occured to me they didn't charge me!
Yeah apparently they were super busy and distracted because there was this manager/investor type looking around everywhere and talking to them.The cause behind me not realizing I hadn't paid them was because my head was spinning over this disturbing thought I had about the recent stock market crash.The fact is that nothing crashed except currency! All the people in all the companies are still there, all the technology is still there and not forgotton. Now obviously besides the fact that the dollar is known to have lost value the price of stock(in dollars) has also crashed. Now think! Shouldn't the opposite have happened? How can stock value fall more than currency? It can't!
This financial crisis is purely psychological and those who don't snap out of it are doomed to failure. Not that it matters much to me personally at this stage in my life though but my guess is that most people are fully unaware or only partly aware that most stock is currently undervalued and there will be no depression. This is so audaciously simple that it just goes over everyone's heads. All of these figures of low growth don't mean anything. Answer me this, if the growth of the last decade was 20% then what difference does it make if everything shrinks by 10% over the next decade? Answer, none! There is no crisis or as that one person whose name I don't recall right now said, it's just an opportunity. |
erstellt: 04. März 2010 
