Comments on: amazing video

By: Funkster

Funkster — Tue, 10 Feb 2009 04:09:30 +0000

Since growth is not sustainable, even small growth, this crash is a good thing. Take the world population growth at 1.5% annually. At this rate in 700 years we will have 1 human for ever square meter of land. 700 years is not that long considering the dinosaurs made it 150 million years. To have that kind of staying power you must average 0.000% growth.

The same holds true for markets in the long run. Politicians don’t like to admit this but it is simple math. If you make decisions looking 100’s of years into the future instead of 4-6 you will have totally different strategies. The bailout is a very myopic approach to the problem. Actually, I would argue we don’t have a problem – math is just taking its course.

How about that for gloom and doom?

By: Smithers

Smithers — Tue, 10 Feb 2009 03:55:05 +0000

@Dan Cleary: Why is this an amazing video? pretty much the CNBC lunchtime crew part...

By: Bill Basso

Bill Basso — Tue, 10 Feb 2009 02:28:42 +0000

it may not go back to normal, but historically the previous depression was the best time to play the market.

Dead cat bounces, rock.

By: Dan Cleary

Dan Cleary — Tue, 10 Feb 2009 02:14:37 +0000

Why is this an amazing video?

“… predicting the end of finance…”

Since when was “predicting” all that compelling especially since…predicting (i.e., speculating)… doesn’t seem to have worked all that well when it comes to the market recently, no?

“end of finance” what the hell does that even mean?

“only clear path” is that crystal clear to you? i don’t see the clarity, i’m all fogged up over here on that one

CNBC lunchtime crew – of course they’re tools… that why they are on a lunchtime

Roubini – makes some good points but he’s not doom

Taleb – expect the unexpected… shit happens… yeah, not amazing or profound!