by Micki » Wed 20 Aug 2008, 10:07:38
$this->bbcode_second_pass_quote('BlueGhostNo2', 'T')otally off topic but I gotta agree with Starvid here, the new Econ & Finance forum has attracted lots of the doomer porn dross from other PO.com forums & is starting to grate on me.
There are just too many people who whilst perhaps even being very well informed and smart are just too damn sure everything is going south - as a result they have a large selection bias for news which confirms their pessimistic world view. This selection bias shows up in the articles and threads that get posted and bumped.
I'm not saying I disagree that global warming and PO will cause huge problems but to continually say 'got gold', 'got pm' and 'the us financial system is going to fail totally' etc etc is just plain hubristic.
NEITHER YOU NOR I KNOW THE FUTURE.
It is possible that a big reduction in credit, the velocity of money & a recession will result in the price of commodities & assets dropping a long long way. It is also possible that government(s) will, due to declines in tax revenues and an inability to borrow, print money create hyper-inflation & sending the prices sky high. However no one here knows for sure what is going to occur.
SO we would all benefit if people could keep a relatively open mind, be abit more humble & post up things which are more factual, interesting and not necessarily just showing how right you are and how clever you've been.
I mean christ, there was a post the other day about government suppressing super PV technology invented by Tesler.
18 posts and already ticked off. Wow.
Anyway, no matter what you take a positon. Gold is one. if you think all is going to be hunky dory perhaps this is a begain time to stock up on financial shares. Perhaps you believe official inflation statistics and think 5% bonds are great way to protect your financial future. No matter what you are taking a position.
And when someone posts news that to novice readers don't necessarily mean anything, adding some comments give a hint of what the poster thinks you should look at.
Given that this is a forum for sharing thougths, ideas, beliefs as well as news and articles etc. there is nothing strange about someone expressing which position they take and I believe most here, including myself, genuinly share those thougths. It is not to tick you guys off.