World Crisis?
Some say the world is at the stage of a great resesession, and with the american morgage crisis and stocks going down by the second, nay sayers are predicting the worst. but who really gives a shit that the fools investing in stocks are loosing money. the stock market is nothing more then a greyhound race withouth the greyhounds. One week you loose, one week you win. It really is nothing more then flamboyant gambling. For years i've whatched shares of banks gain steady profits, bHP,CBA ect. have seemed to add profits little by little, each and every week. Sure they take a dive now and then, but the next week they are back to adding one or 2 percent to their share price. I then wonder why that when they loose 5 percentent in 24 hours people think the skys about to fall. The reson is simple, there are 2 types of investers. One is the long term invester and the second is the get quick rich invester. As with any get quick rich scheme, most of them fail { trust me}.
If you invested in bhp 10 years ago, i i'm guessing that even with a 5 percent decrease in value that you would be still a head { if i'm wrong/right let me know, cause at present i'm too drunk to research it. } But, if you invested last week, you would probally cop a 5 percent lose. The only real losers of such a drop are the gamblers, not the investers. What pisses me off is the fact that when these bunch of lunatics actually loose alot of money, rather then make billions of dollars of profit, the world reacts like a meteor is about to crash into tasmania and destroy life as we know it. Stock market crashes should not interfere with our way of life, because the stock market is a farce and should be removed from our lives for good. Investing has become a way for people to take a "calculated" bet, even super anuation companys now depend on blue chip stocks to profit for their clients. But when a crash occurs it sets in motion a unique set of events we could do without.
If you invested in bhp 10 years ago, i i'm guessing that even with a 5 percent decrease in value that you would be still a head { if i'm wrong/right let me know, cause at present i'm too drunk to research it. } But, if you invested last week, you would probally cop a 5 percent lose. The only real losers of such a drop are the gamblers, not the investers. What pisses me off is the fact that when these bunch of lunatics actually loose alot of money, rather then make billions of dollars of profit, the world reacts like a meteor is about to crash into tasmania and destroy life as we know it. Stock market crashes should not interfere with our way of life, because the stock market is a farce and should be removed from our lives for good. Investing has become a way for people to take a "calculated" bet, even super anuation companys now depend on blue chip stocks to profit for their clients. But when a crash occurs it sets in motion a unique set of events we could do without.
Firstly, the world becomes paranoid about which shares are garbage and which are safe, and similar to a greyhound race, theres no one actually controlling the beast. So once a few dicks begin ditching stock, every one says to them selve, " Man, i gotta get out of this stock before it's too late" and before you know it hundreds of stocks have depreciated. In the same breath. the other half of investers react and say to them selves "Hey. this stock will bounce back, i'm gonna buy it now and sit on it for a while". The ebb and flow of the market is dexremantal to how the dollar value of each share is valued.
The us govermanet wants to save the big banks by granting them 700 billion dollars, Over the last 8 years the us goverment has spent billions of dollars to fight the war against terrorism. and i'm sure that it has saved hundeds of lives, but if that same money was spent on third world countrys and the sick and neady, it would of saved thousands of lives{if not millions}. So the world has come down to not help the neady, but help the priveleged.
The us govermanet wants to save the big banks by granting them 700 billion dollars, Over the last 8 years the us goverment has spent billions of dollars to fight the war against terrorism. and i'm sure that it has saved hundeds of lives, but if that same money was spent on third world countrys and the sick and neady, it would of saved thousands of lives{if not millions}. So the world has come down to not help the neady, but help the priveleged.
The crisis is real, but from this week to the next, i'm not too sure why the world should fall into a heap. If interest rates rise, it only means 20 a week extra. Most people blow 20 dollars on beer or smokes or the movies or other types of uneeded extravigantises every week. so if they really wanted to, they could support the habit of a mortgage. But instead, they winge about the extra 20 dollars while planning a trip down the coast. If the world climit scares you, tighten your belt for a few months till the storm fades, and go back to your selfish ways, because the starving girl in tanzanier wouldn't want you to miss out on your trip to bega next year.
0 Comments:
Post a Comment
<< Home