Recession-Plagued Nation Demands New Bubble To Invest In

[BansheeX]

Originally posted by: BoberFett
All those houses that were built? Hundreds of thousands of them are sitting empty because of the bubble. Now nobody can afford them and the builder paid more to have them built than they're worth.

All those internet companies that started during the bubble? Only a few are left, and most of them innovated NOTHING.

An efficient economy gets things done. A bubble is a misallocation of resources.

Absolutely correct, hellod9 is off his rocker.

 

[LegendKiller]

Originally posted by: BoberFett
You couldn't be more wrong. The bubble comes after the innovation, not before. The bubble is everyone pouring their money into an idea that's already gone mainstream, it bursts when everyone realizes they got in too late and pulls their money out.

To a certain extent you are correct. However, there is a lot of innovation that does come as a result of everybody throwing money at companies, but only during certain events. No innovation occured during the housing bubble, but quite a bit developed during the .bombs. I equate it to throwing shit at a wall and seeing what sticks.

Whether or not it's profitable, that's an entirely different question.

 

[Moonbeam]

Originally posted by: LegendKiller

Originally posted by: BoberFett
You couldn't be more wrong. The bubble comes after the innovation, not before. The bubble is everyone pouring their money into an idea that's already gone mainstream, it bursts when everyone realizes they got in too late and pulls their money out.

To a certain extent you are correct. However, there is a lot of innovation that does come as a result of everybody throwing money at companies, but only during certain events. No innovation occured during the housing bubble, but quite a bit developed during the .bombs. I equate it to throwing shit at a wall and seeing what sticks.

Whether or not it's profitable, that's an entirely different question.

The whole point of life is to gamble in the hope you get wealthy. How to die to the ego and go to heaven is for kids.