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It is weird. Probably too weird for one word like recession to really convey much meaning. There certainly are assets/markets out there that feel/seem over val

by ianai 4y ago

It is weird. Probably too weird for one word like recession to really convey much meaning. There certainly are assets/markets out there that feel/seem over valued. While the globe is still reacting to the pandemic. Stuff was weird after 1918, too. I actually think the changes seen in 1918 were far greater than anything we’ve seen thus far. So maybe the modern economy is a little more stiff with waves (disruptions) taking much longer to cool. Thinking of all the supply chain messiness.

AstralStorm 4y ago
The word to be used is properly called greed. The last attempt to vacuum up money before debt pumped asset bubbles finally burst and the lack of actual economy is globally exposed. There's no economy when things do not sell, after all. Assets that do not sell or produce have no actual long term value, besides the power play of resource denial. Conveniently located housing for people would sort of indirectly produce if the economy still was industrial. Or perhaps R&D based. It isn't, therefore it doesn't. So everything freezes and general populace are serfs, bound by unpayable debt instead of location. Next step is actual serfdom contracts from corporations.
- ianai 4y ago
  Econs say fiat currency is almost meaningless outside of when it’s actually being traded for goods and services. One way to express the value implied in currency is what a constant amount of it may be converted to across different goods. Or if speaking of difference currencies, how much a known constant good/service costs in the local currency and compare that across currencies. This is the basis for the Economists Big Mac index. So yes, when capital as the aggregate of whatever asset gets hoarded away by few people there is inefficiency. An efficient market looks like every market participant (supply and demand side) having only that marginal amount of resource needed to make their marginal contribution towards the total output. It’s also in no market participants interest to run advertisements since they will sell all they produce and have enough resources to produce all that they can. Like producing construction nails or any other good or service that’s never graced an ad.

by ianai 4y ago

AstralStorm 4y ago

The word to be used is properly called greed. The last attempt to vacuum up money before debt pumped asset bubbles finally burst and the lack of actual economy is globally exposed. There's no economy when things do not sell, after all. Assets that do not sell or produce have no actual long term value, besides the power play of resource denial. Conveniently located housing for people would sort of indirectly produce if the economy still was industrial. Or perhaps R&D based. It isn't, therefore it doesn't. So everything freezes and general populace are serfs, bound by unpayable debt instead of location. Next step is actual serfdom contracts from corporations.

ianai 4y ago
Econs say fiat currency is almost meaningless outside of when it’s actually being traded for goods and services. One way to express the value implied in currency is what a constant amount of it may be converted to across different goods. Or if speaking of difference currencies, how much a known constant good/service costs in the local currency and compare that across currencies. This is the basis for the Economists Big Mac index. So yes, when capital as the aggregate of whatever asset gets hoarded away by few people there is inefficiency. An efficient market looks like every market participant (supply and demand side) having only that marginal amount of resource needed to make their marginal contribution towards the total output. It’s also in no market participants interest to run advertisements since they will sell all they produce and have enough resources to produce all that they can. Like producing construction nails or any other good or service that’s never graced an ad.