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<blockquote data-quote="Nesikep" data-source="post: 1426985" data-attributes="member: 9096"><p>Yes, people that SHOULD know better, but really don't care.. I mean EVERYONE knew why the 2008 crash happened AFTER it did... It's not like there was something systemic that popped up overnight, it was there for years, but everyone kept making excuses and was going to play the game a little longer... I have no doubt there are serious systemic issues right now that will come and bite them in the arse, but nevertheless, the markets keep going up and once again a "correction" will happen, the talking heads will suddenly say it was inevitable, etc etc.</p><p></p><p>Isn't someone who's 'independently wealthy', has a few million bucks and lives off interest just as much of a leech and freeloader as the guy on welfare? Neither are productive, and both are living off the work of others.</p><p></p><p>About the Tytler cycle, is it ever possible to NOT go through one of the phases? Or are you best off just to grin and bear it, and try to hurry up to a better phase?</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1426985, member: 9096"] Yes, people that SHOULD know better, but really don't care.. I mean EVERYONE knew why the 2008 crash happened AFTER it did... It's not like there was something systemic that popped up overnight, it was there for years, but everyone kept making excuses and was going to play the game a little longer... I have no doubt there are serious systemic issues right now that will come and bite them in the arse, but nevertheless, the markets keep going up and once again a "correction" will happen, the talking heads will suddenly say it was inevitable, etc etc. Isn't someone who's 'independently wealthy', has a few million bucks and lives off interest just as much of a leech and freeloader as the guy on welfare? Neither are productive, and both are living off the work of others. About the Tytler cycle, is it ever possible to NOT go through one of the phases? Or are you best off just to grin and bear it, and try to hurry up to a better phase? [/QUOTE]
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