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Joined 2 years ago
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Cake day: June 13th, 2023

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  • the fact that teenagers have underdeveloped reasoning skills

    I can get that to a degree (like a 13 year old) but by 15 or 16 I expect about the same level of adulting as a US midwestern adult (not really a super high bar but enough to know that doing a nazi salute in a place dedicated to the memory of the victims of nazis while on a school trip from the only nation made up of the primary target of those same nazis, might be a life changing act).

    I just don’t get the level of coddling that is now going on with an increasingly older limit of what is considered children. I remember working my first part time job at 13 and told by older people then they moved out at the same age (so I should stop complaining or some such), and now I am told about 25 year old “kids”. Its nuts, these are functioning people and although yes some stupid actions are expected when young there is no reason to not hold people to at least a modicum of responsibility.






  • The stock market is delaminated from the real market, and has been for a while.

    How this has happened is not simple but a short version is that as the stock market has evolved it became a key place to put assets with a level of growth expectation. As time goes on the demand for a place for investment without effort (starting your own business vs investing in a businesses stock) keeps getting larger and the alternatives keep getting less desirable (bonds, GICs, etc.) causing a sort of investment feedback loop. There is X amount of money that needs to be invested each year lets say, and if every thing is crashing (waves at the general state of things) it means nothing is since pensions, people and firms still need to have that investment somewhere.

    As long as there is still some expectation of return and faith in the current stock market you will have investment and as stocks (and therefor the market) are measured by the demand (the buy vs the sell) we have the current situation. If you want to see what happens when a stock market looses people’s faith and therefor investment look at China’s stock market crash https://en.wikipedia.org/wiki/2015%E2%80%932016_Chinese_stock_market_turbulence