05-29-2016, 12:43 AM
(05-26-2016, 11:52 AM)pbrower2a Wrote:(05-22-2016, 02:26 PM)John J. Xenakis Wrote:(05-06-2016, 12:32 PM)Odin Wrote: > If there is a crash with a 10,000 point Dow drop I think it will
> be a tech crash. There seems to be a huge bubble involving
> everyone and their mom trying to get into marketing on social
> media sites and the number companies centered around managing
> other companies social media presence seem to be growing at an
> exponential rate and reminds me a lot of the delusion that took
> hold in the late 90s.
(05-21-2016, 09:09 AM)Mikebert Wrote: > Likely. The last stock crash in 2000 involved the same. Although
> the 2007-2009 bear was bigger than the 2000-2 one, this crash is
> better characterized as a real estate crash like 1837, 1857, 1873,
> and 1893. Both 2000 and the new crash would like be stock centric
> like 1907, 1929 and 1987.
A stock market crash like 1929? As I recall, when we discussed this
ten years ago, you ridiculed the idea. Good to see you're coming
around. But 1987 really wasn't much of a crash.
Do Keynesian economics well, and you prove the Austrian school wrong.
It is not possible to do Keynesian economics well because of its internal contradictions. After nearly a century of failure you think this would be obvious. Its a bit like socialism in that respect because not matter how hard you try it is not possible to do that well either.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises