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Hope this is sarcasm. No one really wins from a recession. Sure you may make some money if you go short at the right time, but it's still better to have moderat

by qrendel 11y ago

Hope this is sarcasm. No one really wins from a recession. Sure you may make some money if you go short at the right time, but it's still better to have moderate wealth in a rich world than be among the richest in a poor one.

jazzyk 11y ago
Periodic corrections/recessions are a necessary and healthy part of capitalism. Unfortunately, stock markets (and other asset classes) have been vigorously propped up by central banks in recent years (especially so after 2008). Market corrections (and recessions) separate the good from the bad. Right now, there are many banks/companies which should not be in business at all. And they lock up resources which could be used elsewhere, and more efficiently.
venomsnake 11y ago
Not at all - the only way to get to the top of the social ladder is during times of great stress on the system. As a person with no family I can only win. There are no downsides for me. And it is quite fun to see people losing money and fortunes. The look in their eyes when they realize how fragile their world has actually been ...
- happyscrappy 11y ago
  Your cup may be full now but in the end it will be empty, and you will be taken care of by good people who have no idea you were such an ass.
brianwawok 11y ago
people that have a lot of cash to buy in can win from a recession.
aianus 11y ago
> it's still better to have moderate wealth in a rich world than be among the richest in a poor one. Source? I'm pretty sure the latter makes you much happier.
- billpg 11y ago
  What would spend your money on?
  - aianus 11y ago
    Bribing politicians and law enforcement so I can do what I want, growing my businesses, women. You don't even have to spend it, really. Just knowing you're richer than those around you is enough to make you confident and happy: http://content.time.com/time/health/article/0,8599,1974718,00.html http://content.time.com/time/health/article/0,8599,1974718,0...

by qrendel 11y ago

jazzyk 11y ago

Periodic corrections/recessions are a necessary and healthy part of capitalism. Unfortunately, stock markets (and other asset classes) have been vigorously propped up by central banks in recent years (especially so after 2008). Market corrections (and recessions) separate the good from the bad. Right now, there are many banks/companies which should not be in business at all. And they lock up resources which could be used elsewhere, and more efficiently.

venomsnake 11y ago

Not at all - the only way to get to the top of the social ladder is during times of great stress on the system. As a person with no family I can only win. There are no downsides for me. And it is quite fun to see people losing money and fortunes. The look in their eyes when they realize how fragile their world has actually been ...

happyscrappy 11y ago
Your cup may be full now but in the end it will be empty, and you will be taken care of by good people who have no idea you were such an ass.

brianwawok 11y ago

people that have a lot of cash to buy in can win from a recession.

aianus 11y ago

> it's still better to have moderate wealth in a rich world than be among the richest in a poor one. Source? I'm pretty sure the latter makes you much happier.

billpg 11y ago
What would spend your money on?
- aianus 11y ago
  Bribing politicians and law enforcement so I can do what I want, growing my businesses, women. You don't even have to spend it, really. Just knowing you're richer than those around you is enough to make you confident and happy: http://content.time.com/time/health/article/0,8599,1974718,00.html http://content.time.com/time/health/article/0,8599,1974718,0...