Forum Replies Created
-
AuthorPosts
-
drunkle
Participantif it were easy, they wouldn’t call it work.
print some mls sheets, drive some douchebags around town for a bit, sign some papers… oh the humanity!!!
Participantyeah, all the talk about pension funds being awash in these bad investments may be overblown. i thought it’d be a mess too, but thinking about the actual number “140 million” made me wonder how much exactly is calpers worth. turns out, billions so this loss is just… roadkill… wipe out the whole thing, it’s a 5% loss on the portfolio, but considering how much they made on the ride up…
i guess the real question is: what is the pensioner’s return on his “investment”?
edit: nevermind 5%… .5% now? i wonder how much of that value is due to asset appreciation and how much due to increased contribution…
Participantyeah, all the talk about pension funds being awash in these bad investments may be overblown. i thought it’d be a mess too, but thinking about the actual number “140 million” made me wonder how much exactly is calpers worth. turns out, billions so this loss is just… roadkill… wipe out the whole thing, it’s a 5% loss on the portfolio, but considering how much they made on the ride up…
i guess the real question is: what is the pensioner’s return on his “investment”?
edit: nevermind 5%… .5% now? i wonder how much of that value is due to asset appreciation and how much due to increased contribution…
Participanthttp://altassets.net/news/arc/2005/nz7260.php
might not be that bad.
Participanthttp://altassets.net/news/arc/2005/nz7260.php
might not be that bad.
Participantwhere does the wind up key go?
Participantwhere does the wind up key go?
Participantshe might do better if she had the technical readouts of an imperial battlestation… “help me, internet friend, you’re my only hope.”
Participantshe might do better if she had the technical readouts of an imperial battlestation… “help me, internet friend, you’re my only hope.”
Participantish… took out equity loans and blew it all in an inflated market, divorced with a “bitter custody battle”, asking friends of friends for money…
yeah, sounds like a real winner.
Participantish… took out equity loans and blew it all in an inflated market, divorced with a “bitter custody battle”, asking friends of friends for money…
yeah, sounds like a real winner.
Participanti think wealth is a factor of population. if gold were the standard, look at the extremes:
you are the last man on earth and you have a trillion tons of gold. but since you cant buy anything with it, it’s worthless.
conversely, there are a 100 billion people and only a pound of gold. you can’t cut the gold up into small enough chunks with which to buy stuff. so again, the gold is worthless.
printing money allows you to keep pace with the population and doesnt tie you to a physical resource. if you don’t print enough, money inflates and assets deflate. if you print too much, money deflates and assets inflate. but since money doesnt instantly inflate or deflate, the people who control and create the money are in the position of making the most from it. the people at the farthest end of the stream are at the mercy of every single person up the food chain. the ultimate handmedown system, the “trickle down theory” which works very well for those people at the top.
Participanti think wealth is a factor of population. if gold were the standard, look at the extremes:
you are the last man on earth and you have a trillion tons of gold. but since you cant buy anything with it, it’s worthless.
conversely, there are a 100 billion people and only a pound of gold. you can’t cut the gold up into small enough chunks with which to buy stuff. so again, the gold is worthless.
printing money allows you to keep pace with the population and doesnt tie you to a physical resource. if you don’t print enough, money inflates and assets deflate. if you print too much, money deflates and assets inflate. but since money doesnt instantly inflate or deflate, the people who control and create the money are in the position of making the most from it. the people at the farthest end of the stream are at the mercy of every single person up the food chain. the ultimate handmedown system, the “trickle down theory” which works very well for those people at the top.
Participantbuy real estate. it never goes down…
-
AuthorPosts
