3 ms·

I would like to understand why you focus on the feelz. Of more importance are actual prices and money velocity.

• mindslight 5y ago
  The decision to purchase something or not, in the context of discretionary spending, is fundamentally an emotional one. Sure you can describe it in rational terms, attempt to constrain your own impulses with rationality etc, but at the end if it it's a heuristic. That's all I meant. In case you didn't get my larger point. Take two people both with $10k in cash. One has $1M in the stonk market, the other does not. The first will spend that cash like a millionaire (because they are), where the second one is likely to hold back because that cash is their emergency fund. Even though they have the same exact amount of M2, their purchasing powers are defined by the amount of non-monetary assets they hold.