Reply to: Eekonomists

[DimPrawn]

Each leg last about 20 years, so we've got about 15 years left on the bust, then the boom will begin. So expect to be rich in about 35 years time.

[suityou01]

No not at all. If you ride a couple of booms, avoid losing it in the bust, you can, as you say, go from humble beginnings to relative wealth.

Oh, and don't get divorced.

So when is the next boom? It just feels like buuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu uuuuuuuuuuuuuuuuuuuuuuust.

[DimPrawn]

You say that like it's a bad thing.
Without the housing boom of the 90s-00s I wouldn't have become prosperous.
And it was open to anyone.
People slag off Labour but your best chance of getting rich was during their term of office

No not at all. If you ride a couple of booms, avoid losing it in the bust, you can, as you say, go from humble beginnings to relative wealth.

Oh, and don't get divorced.

[sasguru]

3. Engineer booms .

You say that like it's a bad thing.
Without the housing boom of the 90s-00s I wouldn't have become prosperous.
And it was open to anyone.
People slag off Labour but your best chance of getting rich was during their term of office

[DimPrawn]

So the only way to win is to become one of the elite? How does one go about doing this

For someone of your calibre?

Euro lottery.

[pjclarke]

In developed countries, tax reforms typically included: scaling back the progressive tax rates on personal income, particularly marginal rates at the top end of the income scale; reducing the number of income tax brackets; cutting back corporate tax rates; broadening the income tax base by eliminating loopholes and exemptions; and increasing rates of indirect taxes – in particular the value-added tax (VAT) – and social security contributions (Sandford, 1993: 10–20).

The changes in the tax structure, allegedly aimed at making the tax system more “neutral”, favoured some interests over others. The elimination of loopholes and exemptions in most cases reduced certain privileges of taxpayers in the higher income groups. At the same time, cuts in income and capital taxation, together with increases in consumption taxes, led to a redistribution of the tax burden which fell more heavily on lower income groups. The overall effect of these changes in the tax structure made taxation more regressive. Indeed, a review of tax reforms in OECD countries did not find a single country where the tax system became more progressive (Steinmo, 2003: 223).

UN TRADE AND DEVELOPMENT REPORT, 2012

http://unctad.org/en/PublicationsLibrary/tdr2012_en.pdf

Which leads to

Billionaires Worth $1.9 Trillion Seek Advantage in 2013 - Bloomberg

[suityou01]

So the only way to win is to become one of the elite? How does one go about doing this

[DimPrawn]

So we democratically elect a government that has no power and is ruled by the unelected bankers, thus making a mockery of the democratic election process?

Well, regardless of who you "democratically" elect, they will:

1. Bail out the (casino) banks regardless of moral hazard.
2. Prop up property prices to breaking point, ensuring said banks receive maximum income from interest charges.
3. Engineer booms (privatise profit making for the elite), and busts (nationalise losses for the masses).

[suityou01]

So we democratically elect a government that has no power and is ruled by the unelected bankers, thus making a mockery of the democratic election process?

[DimPrawn]

Quite. "Financial Analysis" is a case in point. About as good as astrology.

I've found this to be the best approach.

Profitable Stock Trading using Moon Cycles - Lunar Cycle Trading

[sasguru]

You’d drive yourself bonkers if you tried to time your market moves based on self-appointed gurus.

The question you have to ask yourself is if these guys are so good then why are they spamming you with offers to buy into their expertise instead of sipping Mojitos, perched on their piles of cash in their beachside mansions?

After 27 years of investing and having seen about 7 world-ending crises I am tempted to back my own judgement and leave the prophets of doom and fill yer boots merchants to argue amongst themselves.

Quite. "Financial Analysis" is a case in point. About as good as astrology.

[suityou01]

Yeah, they put a website to draw people's attention to it.



https://en.wikipedia.org/wiki/Rothsc...iracy_theories

Any links that aren't conspiracy theories, I've run out of tinfoil.

[LGDT]

You’d drive yourself bonkers if you tried to time your market moves based on self-appointed gurus.

The question you have to ask yourself is if these guys are so good then why are they spamming you with offers to buy into their expertise instead of sipping Mojitos, perched on their piles of cash in their beachside mansions?

After 27 years of investing and having seen about 7 world-ending crises I am tempted to back my own judgement and leave the prophets of doom and fill yer boots merchants to argue amongst themselves.

[DimPrawn]

Linky?

Yeah, they put a website to draw people's attention to it.



https://en.wikipedia.org/wiki/Rothsc...iracy_theories

[suityou01]

When you realise the banking elite regulate the govt, it all makes sense.

Linky?