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Reminds me of 2008 and that quote from the movie Margin Call. And it's certainly no different today than its ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07,
by refurb 4y ago
Reminds me of 2008 and that quote from the movie Margin Call.
And it's certainly no different today than its ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07, 29, 1937, 1974, 1987-Jesus, didn't that fuck up me up good-92, 97, 2000 and whatever we want to call this. It's all just the same thing over and over; we can't help ourselves. And you and I can't control it, or stop it, or even slow it. Or even ever-so-slightly alter it. We just react. And we make a lot money if we get it right. And we get left by the side of the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers. Happy foxes and sad sacks. Fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been. But the percentages-they stay exactly the same.
- laidoffamazon 4y agoI can't see how this would remind you of 2008. What's the similarity?
- anm89 4y agoYou can't see how a decrease in home sales relates to 2008, a crisis where one of the primary drivers was people underwater on their houses, because they had lost value because they couldn't sell them. Someone keeps telling me that water and ice are related but I just don't see it. They aren't literally the exact same thing! How could they be related? Clearly bullshit.
- laidoffamazon 4y agoLike 2008 would imply a wave of foreclosures as well, which we are not seeing, as well as other contagion risk which we are also not seeing.
- refurb 4y agoNo, "like 2008" could imply falling house prices nothing more.
- refurb 4y agoHome prices are going down.
- laidoffamazon 4y agoThat's a pretty shallow similarity to a financial crisis
- refurb 4y agoYou mean the 2008 financial crisis caused by falling home prices?
- ksec 4y agohttps://www.youtube.com/watch?v=LtFyP0qy9XU https://www.youtube.com/watch?v=LtFyP0qy9XU - John Tuld ( Jeremy Irons ) If you haven't I do recommend watching the whole movie, or more like a mini documentary. Much Much better than the Big Short.