$700 billion bailout bill just got rejected!

[DA1CATAS]

**** the average american citizen. they're too busy making excuses of why they can't make a decent living. oh, and the majority of the market is the average citizen's retirement and pension funds genius.

all controlled by someone else though.

[KingDosia]

**** the market too. they only care about themselves and there families, they dont care about the average american citizen. they're too busy ripping them off.

**** markets? **** you! If you care about the U.S' economic state you have to agree with markets. Thats what the economy is based on. If you care about the average citizen, you have to care about the markets. Who do you think puts food on tables? The system sounds selfish and it should. That basic principle makes our country what it is as far as economics. If you want a "selfless" economic state move to Russia and start practicing socialism.

[Spare Moody]

all controlled by someone else though.

which traditionally sees gains of 5-12% and is the main reason why people are able to retire comfortably. i wouldn't say that's a bad deal at all.

[rambov]

**** the middle and lower class. they're meant to suffer. at least they live in a society that gives them the opportunity to make it big. i'm a part of this class. i didn't make it big. i blame nobody except myself.

with that in mind, i'll eventually correct it. when i do, i will give a good zero amount of pity for those who don't.

You have to care Howdy. No middle class, no saftey.

Ever been to Moscow?

[Spare Moody]

naw i do, in the sense that i respect the fundamental necessity of them. but, on the other hand, i just don't feel bad for people who pity themselves. **** happens.

[Hitman932]

Ron Paul has more knowledge in his turds than John Mccain has in his head

[!! Shawn]

You have a point in the "education" of economics. I like to relate to "text" terms, when discussing the economy as a means of using a standard language in my conversation. As Economic professors round the world are using the same terminology.
"Group Psychology" I guess, since we are dealing with "group" learning, fear and anxiety. All of which has an affect on the economy. I agree strongly that the bill, needed to pass and give some confidence to the consumers who will ultimately, Or could ultimately turn things around, simply by spending money. I think a lot of people need the basic education you mock in that such an education in economics can eiliminate some of the fears they have. For example the basic principles of a capitalist market system. If they knew the funementals, they would know that stashing the cash will lead to what they are fearing right now.
Agree?

I disagree that an education in Economics has any relevance what so ever. Unlike most people, I had the advantage of many years of daily involvement in the market BEFORE I took my first class in economics.

It gave me the perspective to compare what was being taught with what actually takes place. I was appalled by some of the crap I the professor was trying to pass off as factual.

I am very happy that my parents got me involved in the stock market when I was in elementary school, if I had waited until after my education in economics, I would be so confused, because the market does not react in the rational model based fashion that an education in economics would lead you to believe.

It is why so many people are confused and terrified by the stock market.

They don't understand why a stock would plunge on good news, or why a stock might rally to extraordinary highs on no news at all. Nothing you learn in the classroom will prepare you for this. Nothing your professor teaches you will help you understand the counter-intuitive nature of investing.

The only class that is even mildly useful is an accounting class to help you better understand how balance sheets are put together.

This is what the stock market boils down too, group psychology; to win you have to beat the group. For you to make money, someone else has to lose money.

Stocks move because of emotion. People sell on emotion, people buy on emotion. Unless you carefully lay out a multi-year value investing strategy, the real value of a stock is of only marginal importance for the purpose of risk management.

The stocks are just pieces in the game. Investing is a game of chess. You against the other investors.

So to sum of that rant, an education in economics is more harmful than helpful. People are more likely to panic if the market does something they do not expect when their "education" tells them it shouldn't.

[PBDS]

I disagree that an education in Economics has any relevance what so ever. Unlike most people, I had the advantage of many years of daily involvement in the market BEFORE I took my first class in economics.

It gave me the perspective to compare what was being taught with what actually takes place. I was appalled by some of the crap I the professor was trying to pass off as factual.

I am very happy that my parents got me involved in the stock market when I was in elementary school, if I had waited until after my education in economics, I would be so confused, because the market does not react in the rational model based fashion that an education in economics would lead you to believe.

It is why so many people are confused and terrified by the stock market.

They don't understand why a stock would plunge on good news, or why a stock might rally to extraordinary highs on no news at all. Nothing you learn in the classroom will prepare you for this. Nothing your professor teaches you will help you understand the counter-intuitive nature of investing.

The only class that is even mildly useful is an accounting class to help you better understand how balance sheets are put together.

This is what the stock market boils down too, group psychology; to win you have to beat the group. For you to make money, someone else has to lose money.

Stocks move because of emotion. People sell on emotion, people buy on emotion. Unless you carefully lay out a multi-year value investing strategy, the real value of a stock is of only marginal importance for the purpose of risk management.

The stocks are just pieces in the game. Investing is a game of chess. You against the other investors.

So to sum of that rant, an education in economics is more harmful than helpful. People are more likely to panic if the market does something they do not expect when their "education" tells them it shouldn't.

......Very interesting take Shawn and I understand exactly what you're getting at.

[rambov]

naw i do, in the sense that i respect the fundamental necessity of them. but, on the other hand, i just don't feel bad for people who pity themselves. **** happens.

Good, cause bodyguards are expensive.

[Spare Moody]

not when yer rich