Let the shutdown begin

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  • Reincarnate
    x'); DROP TABLE FFR;--
    • Nov 2010
    • 6332

    #61
    Re: Let the shutdown begin

    edit: sounded too arrogant, removing stuff

    anyway:

    lito you need to stop >:[

    don't spread misinformation
    Last edited by Reincarnate; 10-1-2013, 07:14 AM.

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    • Choofers
      FFR Player
      FFR Music Producer
      • Dec 2008
      • 6205

      #62
      Re: Let the shutdown begin

      grok wall street grad

      grok think lito need stop, not know much about money

      grok think rubix good

      Comment

      • Litodude
        FFR Player
        • Feb 2006
        • 4548

        #63
        Re: Let the shutdown begin

        o
        my b for coming off harsh but it makes sense to become informed about a topic before discussion right? like reading ahead in a chapterfor class in uni
        Originally posted by t-rogdor
        i finally got a weed hookup again and i texted the dude asking where to meet him tomorrow and the dude just said "out west"

        dude
        out west?
        the fuck kinda location is west?
        am i buying weed off a gotdamn pirate


        Originally posted by lurker
        remind everyone that i am an outed racist neo-nazi who no one in their right mind should ever interact with in any way whatsoever

        http://imgur.com/a/Ww9g3

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        • Reincarnate
          x'); DROP TABLE FFR;--
          • Nov 2010
          • 6332

          #64
          Re: Let the shutdown begin

          Originally posted by Litodude
          o
          my b for coming off harsh but it makes sense to become informed about a topic before discussion right? like reading ahead in a chapterfor class in uni
          yeah but when you say stuff like

          Originally posted by Litodude
          no that's exactly how the market works, ur right, one of the few reasons why i'm up right now is to dip into the market and buy stocks cheep as shit once it opens. if u can predict the future then u can short everything/buy errthing before/after the market crashes.
          it's a little bit of a contradiction to what you're saying, and it confuses people who don't know any better

          what's going on right now is nothing more than political theater. the markets aren't getting nailed by this or anything. the markets *CAN* if stuff drags on too long and shit hits the fan, but it's a low-probability event.
          Last edited by Reincarnate; 10-1-2013, 07:54 AM.

          Comment

          • rushyrulz
            Digital Dancing!
            FFR Simfile Author
            FFR Music Producer
            • Feb 2006
            • 12985

            #65
            Re: Let the shutdown begin

            Originally posted by Litodude
            finance should be a mandatory class in high school
            it was in my HS.


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            • Pseudo Enigma
              ごめんなさい (/ω\)
              • Aug 2012
              • 2290

              #66
              Re: Let the shutdown begin

              Originally posted by Reincarnate
              what's going on right now is nothing more than political theater. the markets aren't getting nailed by this or anything. the markets *CAN* if stuff drags on too long and shit hits the fan, but it's a low-probability event.
              Oct.17 2 weeks remain amirite?

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              • Reincarnate
                x'); DROP TABLE FFR;--
                • Nov 2010
                • 6332

                #67
                Re: Let the shutdown begin

                Originally posted by Pseudo Enigma
                Oct.17 2 weeks remain amirite?
                this is basically the date when the treasury runs out of money

                people not getting paid sucks, but it's not going to tank our economy or anything. now, not raising the debt ceiling and defaulting on our previously-allocated obligations... that's something you don't really want to fuck around with. we've come close in the past (timewise), but it's pretty much taking the country hostage financially, which IMO should be fucking illegal. every time stuff like this happens, re-elections should auto-trigger. using the economy as a bargaining chip is utterly ridiculous.

                and not to attack lito but what he was saying earlier is what you DON'T want to get in the habit of doing, which is "market timing." it's basically what most people think of when they think of stock markets unfortunately: Buy when shit hits the fan, sell it off to make a quick buck. but this requires you to know in advance when to get in and out.

                the markets are generally pretty good at pricing things fairly nowadays (and mind you that the price *already takes into account future expectation*, a big point people seem to gloss over) and odds are you aren't going to do better on average. if something is "obvious," it's already priced in. if it's not obvious, you're running blind.

                otherwise people attribute to intentional decision-making what is actually attributable to variance and looking at too small a timespan -- which hurts you in the long run if you plan to extrapolate that strategy. look instead to invest for the long term.
                Last edited by Reincarnate; 10-1-2013, 10:09 AM.

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                • Kekeb
                  davai
                  • Dec 2006
                  • 2765

                  #68
                  Re: Let the shutdown begin

                  All of this news feels really grimy to me. This is basically extortion right?

                  Comment

                  • DotKritic
                    Forum User
                    • Jun 2009
                    • 2974

                    #69
                    Re: Let the shutdown begin

                    IMO: We should just default. We aren't realistically going to pay off the (almost) $17 trillion debt. Not the direction the government is heading.

                    We are a little over $40 billion away from the $17 trillion mark.

                    FFR Member Since December 17th, 2004
                    Save 50% on Codecademy Plus, Pro, or Pro Student

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                    • Fission
                      no
                      FFR Simfile Author
                      • Jan 2004
                      • 1850

                      #70
                      Re: Let the shutdown begin

                      and then once US defaults, there is no leverage

                      gr8 idea

                      Comment

                      • DotKritic
                        Forum User
                        • Jun 2009
                        • 2974

                        #71
                        Re: Let the shutdown begin

                        Originally posted by Fission
                        and then once US defaults, there is no leverage

                        gr8 idea
                        So with the current government, we're just going to keep "kicking the can"?

                        FFR Member Since December 17th, 2004
                        Save 50% on Codecademy Plus, Pro, or Pro Student

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                        • Fission
                          no
                          FFR Simfile Author
                          • Jan 2004
                          • 1850

                          #72
                          Re: Let the shutdown begin

                          better to kick the can then throw it in the trash compactor and possibly incite even more conflict as a side effect

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                          • Choofers
                            FFR Player
                            FFR Music Producer
                            • Dec 2008
                            • 6205

                            #73
                            Re: Let the shutdown begin

                            madmatt is from texas; you can't rationalize with him

                            Comment

                            • Kekeb
                              davai
                              • Dec 2006
                              • 2765

                              #74
                              Re: Let the shutdown begin

                              booyaka

                              Comment

                              • Reincarnate
                                x'); DROP TABLE FFR;--
                                • Nov 2010
                                • 6332

                                #75
                                Re: Let the shutdown begin

                                defaulting is a very bad idea

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