3 ms·
On a small, non-investment scale I'm now a little more inclined to spend for pleasure or acquiring skills (hopefully they're useful and might be an investment t
by stereolambda 6y ago
On a small, non-investment scale I'm now a little more inclined to spend for pleasure or acquiring skills (hopefully they're useful and might be an investment themselves). Normally I'm more of a compulsive capital saver, but right now who knows what will happen to value of money in the future.
The divorce of stock market and the economy on the ground is another thing with trajectory that's hard to predict. I expect later outcomes in the world to be "interesting" in some way. Recently I've read about 1929 and some say that initially stocks crashed while the economy was still mostly fine. It was a very prolonged process and on the way people had very little idea what's happening. From the perspective of early 1930s, any prices from late 1929 that briefly seemed "bottom" to contemporaries were still very much peak.
I wonder if older economies, like pre-Revolutionary Europe with aristocrats and peasants, could legit provide a better model of these parallel movements. Maybe not, since everyone was more anchored to grain.