Europe, Boring Until it's Not

[SuburbanFarmer]

Couldn't agree more, investors have learned for nearly a decade that every single event is bullish, including ant-globalist votes and terror attacks.

Man, my grandparents sent over a little seed money for my son's savings account, and I'm not even sure what to do with it anymore. I stuck it in the bank, but by the time he can use it (16 years from now), it will be worth a fraction of what it is now in the best case.

My financial knowledge says to just blow it on the house, because nothing else will outpace inflation. Of course, as a parent, I don't like the idea of taking from him one bit.

Take a gamble on what type of car is going to be a classic by then. I wish I'd filled a barn with old VW bugs when you could pick them up for a song. If nothing else he'll get a cool car to take his date to the prom in.

I'm quite sure that whatever we think will be 'classic' will not be cool in 16 years. Most likely, anything with a steering wheel will be weird by then.

Even precious metal prices are jacked up. There's no way out..

[Montegriffo]

Don't let on but I still work for cash a lot of the time. When I took my kitchen to Ireland I ended up with a stack of Euros to use up. No need for HMRC to get their hands on a % of everything I earn.

I have some Euros lying around. The ones where Sweden looks like a flesh dick, and Finland looks like the balls.

Did a google search on the Euro currency, and it seems like the new coins have included Norway just because they don't want Sweden to look like a penis. It shows how much the EU hates Norwegian independence, and simple dick jokes. I do not like this.

Lots of bitching going on over here because our new plastic fiver contains tallow. The veggie nazis and religious groups are boycotting it
Turns out the whole run so far has used about half a cow to produce.

[apeman]

I'm quite sure that whatever we think will be 'classic' will not be cool in 16 years.

I recently listened to a podcast on how bad we are at determining what will be classic, what will be remembered, etc.

For example, while Moby Dick is called by some to be the great american novel, during its hey day, Moby Dick and Melville were not particularly high visibility. Some theorize that it is the slightly less popular pieces of art that become classic because there is less written about the pieces contemporarily, leaving more room for society to re-interpret/re-imagine the work to suit their biases and needs in the future.

I bet cars are like that too.

[SuburbanFarmer]

I'm quite sure that whatever we think will be 'classic' will not be cool in 16 years.

I recently listened to a podcast on how bad we are at determining what will be classic, what will be remembered, etc.

For example, while Moby Dick is called by some to be the great american novel, during its hey day, Moby Dick and Melville were not particularly high visibility. Some theorize that it is the slightly less popular pieces of art that become classic because there is less written about the pieces contemporarily, leaving more room for society to re-interpret/re-imagine the work to suit their biases and needs in the future.

I bet cars are like that too.

Well, I'm certainly not aware of anything being produced in 'limited edition', other than a Tesla - and I do NOT have the dough for a fucking Tesla.

[apeman]

Limited edition is not the point, the point is that whatever after-the-fact narratives our future society creates about cars will drive the perception of what is "classic," not any narrative that we are telling ourselves today.

Or not.

[Montegriffo]

Old cars will always be cool. Well to me anyway.
If I had enough cash I'd drive around in a 1930'S Bentley blower.
Described by senior Ferrari as the fastest truck in the world when it kept beating his cars at Le Mans.

[BjornP]

Good on the Italians for refusing a new constitution that would have made Italy vastly more undemocratic. And I was smiling so hard my face might have split at Matteo "I am working towards a United States of Europe" Renzi lost. That's delicious.

And I have to say, I like the confederacy idea much better as well. Federalists like to prop up Charlemagne as the "Grandfather of Europe". But imo, Hanseatic League > Charlemagne's Empire.

[ssu]

Paraphrased from somewhere:

It took the markets 3 days to recover and surge after Brexit
It took three hours after Trump
It took 3 minutes after Italy

Everything is bullish, always

Central banks are there in the market.

At the time of Gulf War, actually the Federal Reserve, but it's then Chairman, admitted
that they intervened in the markets, bought lots of gold, to stabilize the markets.

In these kind of political "crisis", I wouldn't trust what the market does the next week. Next couple of months
or a bit longer is a far better indicator of what the actual market thinks.

[SilverEagle]

Paraphrased from somewhere:

It took the markets 3 days to recover and surge after Brexit
It took three hours after Trump
It took 3 minutes after Italy

Everything is bullish, always

Central banks are there in the market.

At the time of Gulf War, actually the Federal Reserve, but it's then Chairman, admitted
that they intervened in the markets, bought lots of gold, to stabilize the markets.

In these kind of political "crisis", I wouldn't trust what the market does the next week. Next couple of months
or a bit longer is a far better indicator of what the actual market thinks.

Its a criminal organization. The Fed and Central banks around the world need to go. How we get there is unclear. The pain will be felt for a time and the pain will be deep. However once we get to the otherside we'll have a true economy.

[SuburbanFarmer]

Its a criminal organization. The Fed and Central banks around the world need to go. How we get there is unclear. The pain will be felt for a time and the pain will be deep. However once we get to the otherside we'll have a true economy.

...for about 10 minutes, until somebody else decides to create 'money' for us all to use.

That said, I agree that the Fed needs to be abolished, and soon.