gzz Comments on Rich’s new article

[sdrealtor]

A drop in price due to functional obsolescence is very a very different thing than my Happy Meal going up in price

[phaster]

[quote=scaredyclassic]Ego inflation is on the rise.[/quote]

so do you think the rise in “ego” is sustainable,… or do you think there is an “ego” bubble?

[carlsbadworker]

[quote=phaster][quote=scaredyclassic]Ego inflation is on the rise.[/quote]

so do you think the rise in “ego” is sustainable,… or do you think there is an “ego” bubble?[/quote]

Doesn’t the ego bubble go with the financial bubble?

[barnaby33]

The old model where inflation and nominal interest rates moved closely in tandem was based on a world where the marginal and median dollar saved was from middle class families. That world is dead, replaced by our current world of extreme inequality and elite domination. And while a middle class family may decide to spend more if inflation is high and return on their bank account balances is low, the wealthy just don’t work that way.

Wow that is a bigly complicated explanation. I prefer the much simpler version. Interest rates are low because money is in great supply without as much demand. As long as the FED keeps printing bonars and Congress keeps spending them; as long as foreigners keep accepting them at a premium then interest rates will stay low.

[sdrealtor]

You seem to be enjoying spreading them around the world as of late

[barnaby33]

The few that I have left!

[scaredyclassic]

[quote=barnaby33]The few that I have left![/quote]

then you are getting wealthier, because the fewer dollars you have, the more they will be worth to you. congratulations!

[scaredyclassic]

[quote=carlsbadworker][quote=phaster][quote=scaredyclassic]Ego inflation is on the rise.[/quote]

so do you think the rise in “ego” is sustainable,… or do you think there is an “ego” bubble?[/quote]

Doesn’t the ego bubble go with the financial bubble?[/quote]

I don’t know. Some believe there is plenty of room to run, that we can all be egomaniacs and that the ego economy can sustain loads more attention and hubris. But I’m not convinced. I believe we are reaching peak ego.

Prudent emotional advisors recommend a diversified portfolio filled with not just ego, but also a sizeable percentage of shame, despair, awe, fear and joy.

Right now I’m pretty conservative at 60 perc. Self, 40 perc. Others. As I age, I expect to move most of my psychic portfolio to others.

[DaCounselor]

[quote=carlsbadworker][quote=phaster][quote=scaredyclassic]Ego inflation is on the rise.[/quote]

so do you think the rise in “ego” is sustainable,… or do you think there is an “ego” bubble?[/quote]

Doesn’t the ego bubble go with the financial bubble?[/quote]

The first time I fully appreciated the Ego Bubble was when I listened to endless Investing Genius commentary at my local gym during the dot.com insanity. I had no idea I had been in the company of so many geniuses until they dazzled me with stories of their investing acumen. About a year later, the conversations avoided investing entirely, and it was back to which brand of protein shake was best. Same thing during the RE bubble about 5 years later.

When Ego Bubbles burst, I call it The Great Humbling. I suspect we’re in for another such event but I have no idea when.

[scaredyclassic]

ego volatility also seems to be at an all time low. Usually, I think I’m an idiot in the afternoon, pretty smart mid morning. Now i think Im a dumbass all day long.

[Author]

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