Really excellent description of the world in which we live. It's funny, given this situation, and how the US especially, is all about instant gratification, i wonder why there is ever concern that the US can fall into a deflationary cycle. the idea that the population, especially the younger generations, would ever choose to wait to buy something, product or service, just because it might be cheaper next week is just not realistic. at least to me.
I’ve been reading J Welles Wilder’s book The Adam Theory of Markets. It had taught me to never enter a trade without a stop loss. Risk Management is key.
Gamblesting - great word! However it isn’t completely new. Accounts of the Mississippi bubble describe exactly the same phenomenon. Now, it’s not once a century, it’s a hundred times per day. Not likely to end well for investors IMO…
Really excellent description of the world in which we live. It's funny, given this situation, and how the US especially, is all about instant gratification, i wonder why there is ever concern that the US can fall into a deflationary cycle. the idea that the population, especially the younger generations, would ever choose to wait to buy something, product or service, just because it might be cheaper next week is just not realistic. at least to me.
LLTMK! Such an eye opening piece from the 10,000 ft field of vision. I really appreciate the time and effort that went into this. Thank you.
I’ve been reading J Welles Wilder’s book The Adam Theory of Markets. It had taught me to never enter a trade without a stop loss. Risk Management is key.
Great stuff!
Gamblesting - great word! However it isn’t completely new. Accounts of the Mississippi bubble describe exactly the same phenomenon. Now, it’s not once a century, it’s a hundred times per day. Not likely to end well for investors IMO…