Started by Baruch, September 29, 2018, 09:36:22 AM
Quote from: Baruch on September 29, 2018, 09:36:22 AMhttps://www.youtube.com/watch?time_continue=830&v=JeplRmADW3EDr Keen was one of the few people who predicted the downturn of 2008.When he tried to speak truth to power in Australia, they tried to de-platform him (remove him from his tenured position at an Australian university). His department refused. So the university silenced him by shutting down the whole economics department (at the behest of the PM of Australia who didn't want any criticism of the real estate bubble there). Dr Keen then bounced to London where he is still developing economic theory, including why the post 2008 recovery was so weak, and why we are heading into an even greater economic crisis. His videos to his students there, are the best introduction to post 2008 economics.
Quote from: Cavebear on October 01, 2018, 07:57:14 AMActually, a LOT of people saw the 2008 drop coming. They just got out of the market and sat back to watch the collapse while the banks and bulls charged ahead. I wasn't THAT smart, but I did get out before the bottom and was in a good position to get back in on the upswing.And, BTW, I'm mostly out now...
Quote from: Baruch on October 01, 2018, 12:39:53 PMTiming is everything! He had actual theory with actual equations, not common sense.Well one can tell if a market is oversold ... but that is when the average retail investor goes all in ;-(
Quote from: Cavebear on October 01, 2018, 12:45:01 PMTiming the market is a loser game. Every market analysis shows that. I just expect that Trump will sink us soon, so I'm cautious. I'm protecting what I've got. Even Buffet is being more cautious lately (and as he gets older).
Quote from: Baruch on October 01, 2018, 12:48:33 PMPut all your money on Soros instead, and get a future appointment as a commissar.
Quote from: Cavebear on October 01, 2018, 12:55:24 PMNo thanks, I want to have money when I'm older.
Quote from: Baruch on October 01, 2018, 12:57:04 PMHe has all you need. And will share, if you can boat some refugees to Europe.
Quote from: Cavebear on October 01, 2018, 12:59:25 PMUnlike some Southern Belles, I do not "depend on the kindness of strangers". Sorry.
Quote from: Baruch on October 01, 2018, 01:05:37 PMI guess you don't like deep fried Ding-dongs.