investing & inferior good

You both like economics.

Stranger: hello

You: hi

Stranger: how are you doing?

You: ok

You: you?

Stranger: fine

You: I have a quick question

You: what's that word for an 'un-preferred' good

You: like hot dogs

Stranger: not sure if i know that

Stranger: unpreferred in what way?

Stranger: hot dogs are not preferred due to them being unhealthy

Stranger: or do you mean in economics? i dont know such terminology

You: for example, something like, if the economy is doing good

You: less of them are bought

Stranger: nope dont know economics words

You: aw

You: why are you interested in it?

Stranger: because I like money

You: ok?

Stranger: serious

You: how much do you have?

Stranger: approximately 2.2 million SEK

Stranger: its around $280k I think

Stranger: all in banks

You: from what/

You: ?

Stranger: well, I just got out of prison

Stranger: LOL

Stranger: no but seriously

Stranger: I made a lot from working, from investing in less favorable assets (at the time) and most of the money from bitcoin

You: ah

Stranger: are you interested in investing?

You: I do invest

Stranger: in what?

You: Netflix, and Corning

You: I'll diversify soon

Stranger: oh stocks?

You: ya

Stranger: https://en.wikipedia.org/wiki/Preference_(economics) this might help answer your q

Stranger: i never did stocks because I couldnt be sure what is supposed to be the backbone of a good stock. many fakes out there

Stranger: but i bought gold and greek government bonds

Stranger: would you buy greek govt bonds?

You: why?

Stranger: the price of the bonds were at all time lows during 2012

Stranger: so a 4% coupon was effectively 8%

Stranger: even more, 10% if you bought at the lowest point

Stranger: price was 40 per 100

Stranger: i managed to buy in at 50 and have been getting 8% interest for a long time now

Stranger: and they have gone up in price, almost double

You: damn

Stranger: but nobody would buy

Stranger: everyone thought greece is going bankrupt

Stranger: but nobody knew the underlying mechanics of things

Stranger: greece cant go bankrupt

Stranger: the whole eu system gets fucked then and all the debts get erased

You: smart

Stranger: but people denied this

Stranger: actually im not a smart investor. proven this many times

Stranger: people just chose to believe news

Stranger: these things occur due to news controlling beliefs and attitudes

Stranger: do you know that we are at the brink of an economic collapse

Stranger: worse than 2008?

You: I heard something like that about a year ago

Stranger: probably not regarding whats happening now

Stranger: this happened recently

Stranger: there is an index called baltic dry index

Stranger: in essence it says how good the international trade is, east <-> west

Stranger: shipping etc

Stranger: it is at an all time low. historic low

Stranger: since it started around 30 something years ago

Stranger: this means that the amount of goods being shipped have gone down drastically. says alot about how money moves

Stranger: this is also due to chinas economy about to collapse, with consecutive currency devaluations

You: hugh

Stranger: also, their stock markets have "adapted" by adding some security measure - if stocks fall by more than 7% in a day, the stock exchange freezes

Stranger: this security measure has been turned on several weeks in a row

You: which one

You: all stock exchanges?

Stranger: http://www.bloomberg.com/news/articles/2016-01-04/chinese-stocks-in-hong-kong-extend-annual-slump-as-yuan-declines

Stranger: if china fails, the global effect will be humongous

Stranger: as of now ALL indexes have gone down

Stranger: sp500, nasdaq, dow jones

Stranger: even the swedish avanza zero which is based on swedens 30 most traded stocks has gone down

Stranger: and it looks like an iceberg tip just like 2008

You: Is there a graph showing all these indexes on the same page?

Stranger: .let me get you one

Stranger: https://www.avanza.se/fonder/om-fonden.html/41567/avanza-zero

Stranger: do this

Stranger: on the bottom of the graph click "10 år"

Stranger: then on the top of the graph click on the "Jämför" and choose on the list which comparison you wan

Stranger: t

Stranger: see whats happening

You: I mean all at once

You: all indexes compared

Stranger: eh there must be some charting site

Stranger: want me to look?

You: I'm also looking

You: (and I found the word I was looking for from your link!)

You: inferior good

Stranger: https://www.tradingview.com/chart/?symbol=NASDAQ

Stranger: on the top left corner enter which symbol you want

You: http://markets.ft.com/research/Markets/Tearsheets/Summary?s=AW01:FSI

Stranger: top middle button you have "compare"

You: oughhh, you're is more technical

You: ....

Stranger: yep see how 2015 was a turning point

Stranger: and not a small one

Stranger: with lots of bad things right around the corner

Stranger: these pump and dump cycles are pure inefficiencies

Stranger: at least theyre explainable

Stranger: investors leverage themselves too much and they end up failing

Stranger: this is keynesian economics doing its work

Stranger: they think they can steer shit

Stranger: increase interest rate, decrease it

Stranger: do this, do that

Stranger: economics is a natural phenomena, not a virtual one

Stranger: so this is why I like money, but still dislike it

Stranger: because someone else is deciding how much of my money is printed

Stranger: i need 5% growth annualy to make sure im not losing money

Stranger: thats why i am buying shares of the restaurant im a chef and manager in

Stranger: on the process of buying it for 180k or so

Stranger: why, cause money wont give me shit

Stranger: all the money ive worked for isnt even a nice apartment in this city

Stranger: at least, AT LEAST I can afford to buy a business that will supply me with the money I need for a satisfactory life

Stranger: such as affording private school for my kids, if i get any

Stranger: a quiet car, a nice apartment in an area with no crime

Stranger: so do they teach you keynesian/austrian economic schools of thought?

You: taught keynesian/hayek

Stranger: you from the us?

You: yes

Stranger: cool

Stranger: sweden here

You: nice

Stranger: college?

Stranger: economics major?

You: uwplatt.edu

You: electrical engineering

Stranger: good job

Stranger: good investment

Stranger: will pay off

You: =)

Stranger: dont drop out

Stranger: also, save money

Stranger: invest in hard assets

You: thanks, talk to ya another time =J

Nietzsche's Eternal Return

What about time?

• eternal return

ttps://en.wikipedia.org/wiki/Eternal_return#Friedrich_Nietzsche

• He professes that the wish for the eternal return of all events would mark the ultimate affirmation of life:
• What, if some day or night a demon were to steal after you into your loneliest loneliness and say to you: 'This life as you now live it and have lived it, you will have to live once more and innumerable times more' ... Would you not throw yourself down and gnash your teeth and curse the demon who spoke thus? Or have you once experienced a tremendous moment when you would have answered him: 'You are a god and never have I heard anything more divine.' [The Gay Science, §341]

Stranger: What is metaphysics?

You: the nature of reality

Stranger: but physics is also making argument about that

You: physics is about matter and energy

Stranger: Ok by matter and energy, physics illustrate the nature of reality

You: It's just implied that I mean 'immaterial' reality

You: https://philosophynow.org/issues/61/What_Is_The_Nature_Of_Reality

You: Immaterial reality then pertains to what is not constrained by physical laws, eg concepts such as ‘character’ and the ‘mind’, Plato’s Forms, the realm of God and spirits...

You: time

You: although, time is a measurement in physics

You: but it comes from metaphysics

You: since time is a human construct

Stranger: Is time a human construct?

You: time isn't explained by physics

You: if it is where?

You: when I study regular physics I use time as a measurement

Hubris, and because less people will die

Bruna

Stranger: Hello Adam

You: what's unique to your culture?

You: or symbols off the top of your head

Stranger: Our dances, foods

You: ok, what foods

You: for me, Wisconsin, it's cheese

Stranger: Ok

Stranger: Idk the name in english

Stranger: "Feijoada"

You: stew

You: special stew

Stranger: Stew?

You: (fei·jo·a·da
A Brazilian or Portuguese stew of black beans with pork or other meat and vegetables, served with rice.)

Stranger: Oww... Did you know, or you searched it?

You: searched

Stranger: Uhm...

Stranger: Great

Stranger: So, i am brazilian

You: I guessed

Stranger: And stew is our unique food

Stranger: Lol

You: =)

You: I'm glad

You: these spoiled boys that I babysit for

You: complain about "always"

You: having sandwiches for lunch

You: now I have something new (although they don't 'always' have sandwiches anyway)

Stranger: Are you a nanny?

You: define nanny

Stranger: The person who babysit kids

You: yes

You: I work hourly 7:30-3 at their house, and bring them to chess practice, soccer, etc

Stranger: Oww... Its cool

Stranger: Where do you live?

You: got a job after that too

You: Wisconsin

You: Sheboygan

You: along Lake Michigan

You: it was cold

You: went in on Sunday

Stranger: Oh

Stranger: You told it

Stranger: I forgot

You: I've done that here before =J too

You: Do you live in the city?

Stranger: Tell me more about your culture

You: Americans don't value education

You: I do

Stranger: Yes!

You: hubris

You: American hubris

Stranger: Education is so much important

You: agreed

You: there is even a word for these people:

You: intentional non-learners

Stranger: Here our education isn't so good

You: damn

You: Americans watch a lot of tv

You: I'd say we overindulge in negative/passive leisure

You: we're eating less and less as a family

You: not family meals, but individual

Stranger: Uauu! You have good words

Stranger: A great speach.

Stranger: Lol

You: you're still learning English?

Stranger: Yeah

You: urbandictionary.com will help

You: you learn American slang

You: it's also hilarious

Stranger: Thanks for the advice

You: I promote that site a lot here

Stranger: Why?

You: it's very useful

You: even when I was growing up

You: and someone said words I don't know

You: especially adult words

You: I'd always find the answer on that site

Stranger: But aren't you an american?

You: yes

You: as a child we don't know adult words

You: jacking off, blow job, etc

Stranger: Ohh... I see

You: horny, blue waffle

You: muffin top...some are cruel

Stranger: Yeah! I really need that site

Stranger: Haha

You: one of my Brazilian Skype friends noted how he just found out

You: about "sleeping with"

You: as he was telling me that he slept in the bed with this girl, but did not 'sleep with' her

Stranger: Lol

You: how old are you btw?

Stranger: 17

You: 20

Stranger: Ok

Stranger: Do you study?

You: formally

You: I'm going for electrical engineering

You: uwplatt.edu

You: although, this past semester

You: I had to work part time, and go to online college

You: (since I did so poorly the semester before that)

Stranger: An interesting course

You: I have very low willpower

You: I would binge on online movies

You: other online things too

You: that's a significant reason why I did so bad

You: What do you want to do?

You: still in secondary school?

Stranger: International relations

Stranger: Yeah

You: if that's what you call it

You: wow

You: culture all the way!

Stranger: I want to work in a humanity organization

Stranger: Thats why

Stranger: I love other cultures

You: awesome

You: you mean

You: humanitarian--right?

Stranger: Yes!

Stranger: Hahah

You: =)

You: I know more than the average bear

You: about extreme poverty

You: NGOs

You: macro-economics

You: It really comes down to what I believe is my purpose in life

You: to lessen extreme poverty

You: (that was a terrible sentence)

You: grammar wise

Stranger: You have a good purpose in your life

You: thank you

Stranger: Everybody should have the same one

You: Why?

You: That's a bold statement.

Stranger: Because less people will die

You: I suppose...I'm happy that you're churning my thoughts that are usually kept dormant

Stranger: ;

Stranger: :)

You: I've reduced your position (everyone should care about it) to everyone should merely join/support a cause

You: any cause: AIDS, teen literacy rates in Chicago public schools, rights for women in Afghanistan, etc

You: but you said it so simply

You: because less people will die

You: bam

Stranger: Ok... Sorry for my simple answer

Stranger: Hahaa

You: brevity is the soul of wit

You: (quote)

Stranger: You know about many things...

Stranger: Do you read very much?

You: haaa, I've got an even better quote for that

Stranger: Thanks

Stranger: Haha

You: "By attempting many things, I have accomplished nothing”

You: http://plato.stanford.edu/entries/grotius/

You: I like to think I read often

You: I try, but to not

You: for example, I have a daily to-do list (habitrpg.com)

You: and one of my dailies is it be reading 20 min ago

You: until I go to sleep

Stranger: You type so fast

Stranger: Hahaha

You: mistakes too *but do not

Stranger: I like read too, but i seldom do that