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ParanoidAndroid

(11 posts)

18. it is not quite the same thing

Reply to muriel_volestrangler (Reply #15)

Tue Nov 19, 2024, 03:21 PM

Nov 19

The 8% number comes from Raoul Pal, former Goldman Sachs and hedge fund manager, now with his own businesses.
You may see the djia, nasdaq, generally going up over time, but unless you are invested in the top tech stocks, most are losing value over time. It may look like your portfolio is rising, but in reality you lost value over time in terms of what you could buy now with that money compared with what you could when you started.

Maybe you see my low post count and think I'm some repuke troll. I actually have been here since the early W bush years. When the site went down for a long time from the hack on election day 2016, I never got around to re-enrolling. I only recently created a new account. But i have been here reading regularly all along.

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I don't want to deal in crypto [View all] XanaDUer2 Nov 18 OP

Post removed Post removed Nov 18 #1

What? Nt XanaDUer2 Nov 18 #3

Alerted hatrack Nov 18 #5

Buh-bye hatrack Nov 18 #4

They could try it, if they really truly wanted the economy to implode in 12 hours . . . hatrack Nov 18 #2

They are NOT going to eliminate the USD. No reason to have panic attacks. Happy Hoosier Nov 18 #6

I do not either thinkingagain Nov 18 #7

If the power goes out, so does the stock market confoosed Nov 18 #17

This message was self-deleted by its author thinkingagain Nov 18 #8

actually, dollars are losing value ParanoidAndroid Nov 18 #9

exactly... an example: WarGamer Nov 18 #11

the idea is ParanoidAndroid Nov 18 #12

Though US inflation is 2.6%, not the "8%" you conjured out of thin air muriel_volestrangler Nov 18 #13

no reason to be hostile ParanoidAndroid Nov 18 #14

You claimed "the value of a dollar is going down by about 8% a year", which is inflation. muriel_volestrangler Nov 18 #15

it is not quite the same thing ParanoidAndroid Nov 19 #18

I don't care if Raoul Pal thinks he has some special definition of "the value of a dollar" muriel_volestrangler Nov 19 #19

actually ParanoidAndroid Nov 19 #20

that should be the LAST of your worries... seriously, relax. WarGamer Nov 18 #10

The scariest rumor going around is that Trump will create a strategic bitcoin reserve... PeaceWave Nov 18 #16

There's a lot of seriously shady shit in crypto. Initech Nov 19 #21