http://genxfinance.com/2008/04/04/friday-finance-findings-for-april-4th/ Helping a unique generation achieve financial independence. Fri, 19 Mar 2010 03:24:02 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://genxfinance.com/2008/04/04/friday-finance-findings-for-april-4th/#comment-67231 Jesse Mon, 07 Apr 2008 21:51:51 +0000 http://genxfinance.com/2008/04/04/friday-finance-findings-for-april-4th/#comment-67231 Nice list, gave me some good lunch reading for today :) Nice list, gave me some good lunch reading for today

]]> http://genxfinance.com/2008/04/04/friday-finance-findings-for-april-4th/#comment-66839 Steve Austin Fri, 04 Apr 2008 18:09:28 +0000 http://genxfinance.com/2008/04/04/friday-finance-findings-for-april-4th/#comment-66839 I like your sentiment, at least in part, about "just a part of the economic cycle". This talk of blame is just a bunch of hype. Of course there may be individual culprits and various regulatory bodies will pursue, prosecute, etc. But why does any of that matter to us? It's not like we can help out the regulations. We can spectate and cheer on the litigation and perhaps *feel better* but that doesn't do anything for our personal finances. We should just focus on riding it all out, which we will, of course. And if a confluence of Black Swans knocks our system out indefinitely, well, then it really won't matter whether those who deserve the original blame have been assigned it proportionately. . Here's another comment on media coverage of "financial market trouble". What the hell does the word "dislocation" mean in this regard?! I heard/read that at least every other media piece. (I know, I should just ignore all media.) It seems that a dislocation refers to a market place or economy that has been located in the wrong place, or something like that. "Dislocation in the housing market", etc. So the housing market is moving in a downward direction, why is that dislocation? What about when the housing market moved markedly in the upward direction for so many years? Why wasn't that "dislocation", too? Oh, that's because it was "wealth creation". Okay, I'm exaggerating, but only a bit: even during the housing boom, there was some media coverage re: concerns about housing affordability, so it wasn't all rosy. I like your sentiment, at least in part, about “just a part of the economic cycle”. This talk of blame is just a bunch of hype. Of course there may be individual culprits and various regulatory bodies will pursue, prosecute, etc. But why does any of that matter to us? It’s not like we can help out the regulations. We can spectate and cheer on the litigation and perhaps *feel better* but that doesn’t do anything for our personal finances. We should just focus on riding it all out, which we will, of course. And if a confluence of Black Swans knocks our system out indefinitely, well, then it really won’t matter whether those who deserve the original blame have been assigned it proportionately.
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Here’s another comment on media coverage of “financial market trouble”. What the hell does the word “dislocation” mean in this regard?! I heard/read that at least every other media piece. (I know, I should just ignore all media.) It seems that a dislocation refers to a market place or economy that has been located in the wrong place, or something like that. “Dislocation in the housing market”, etc. So the housing market is moving in a downward direction, why is that dislocation? What about when the housing market moved markedly in the upward direction for so many years? Why wasn’t that “dislocation”, too? Oh, that’s because it was “wealth creation”. Okay, I’m exaggerating, but only a bit: even during the housing boom, there was some media coverage re: concerns about housing affordability, so it wasn’t all rosy.

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