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But that doesn't explain anything. Are those states inevitable so we shouldn't try to anticipate or prevent them from happening or do we make them happen on pu
by johnchristopher 13y ago
But that doesn't explain anything.
Are those states inevitable so we shouldn't try to anticipate or prevent them from happening or do we make them happen on purposes (read: does a minority manipulate the cycles to its benefits) ?
- mseebach 13y agoThey are inevitable, which means everybody should expect tham and plan for them. Basing risk calculations on the assumption that the price of an asset can never go down is a bad idea. Borrowing to cover non-essential operating expenses is a bad idea for both countries and individuals. If anyone could accurately and consistently predict these movements, they could and would be acted against for great profit. That is a simple market indicator that it is not possible. No, boom and bust cycles are not made on purpose. In related news, the Queen is not a lizard.