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Here's something odd I noticed. The previous crisis obviously had a lot of detrimental effects. However, it also made some people /very/ rich. Basically if you
by anon1253 9y ago
Here's something odd I noticed. The previous crisis obviously had a lot of detrimental effects. However, it also made some people /very/ rich. Basically if you invested smartly right after, you would have more than recovered the losses by now. I think people are anticipating that, I know I certainly am. Next crisis, hopefully sell before it happens and then buy for longs. I'm not quite sure if that /anticipation/ was just as ingrained before. Maybe I've just gotten older and notice it more, maybe it's a real thing. But whatever it is, it's quite dangerous, because it's a catalyst: if people want it, it will happen faster than before. Couple that with real externalities (geo-political tensions, climate change, resource depletion, overpopulation) we might be in for a dangerous disconnect between market movement and "looking out of the window".