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Author Topic: What drives development?  (Read 914 times)


  • Barfly
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Re: What drives development?
« Reply #15 on: May 02, 2017, 11:48:15 AM »
People's beliefs influence aggregate demand - the trick is to get out 1 minute before the collapse and not a moment sooner. Financial chicken, or perhaps musical chairs. Gotta get while the getting is good.

Like today's stock market. With low interest rates you should be putting any cash into stocks... which are going to exponentially increase in value until the next big crash in one to one-and-a-half years. The trouble is... you will watch your money growing... faster and faster... as more and more people jump on the bandwagon to get rich... and be unable to bring yourself to 'sell'... until, suddenly with no warning - CRASH! Welcome to the poorhouse.
The Koreans once gave me five minutes notice - I didn't know what to do with the extra time.

Calach Pfeffer

  • Barfly
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Re: What drives development?
« Reply #16 on: May 02, 2017, 12:10:08 PM »
I read once that a Chinese real-estate bubble can't exist because bubbles need someone to pop them - to no longer believe - but Chinese will never not believe in "land". They'd have to, for instance, have somewhere, anywhere, else to put their money that's not a bank.
Sniffing garbage...