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comment by mk
mk  ·  3373 days ago  ·  link  ·    ·  parent  ·  post: Stocks Off Sharply as Market Upheaval Grows

This is all true.

But it should be remembered that in addition to stocks, what people are willing to give you for money changes as well. This time last year, 1 USD would give you 1.08 CAD, today it buys you 1.32 CAD. On top of that, if you want a loan, the bank looks at your in-the-box stock value and your in-the-box house value when determining how good you are for it.

Stocks are a very crazy box, but not even money gets you out of boxes. In fact, if the Fed had it's way, the money box would shrink to 1/2 its size every three decades.





kleinbl00  ·  3373 days ago  ·  link  ·  

It's all an aspect of "currency" to be sure, and nobody with any real understanding of economics is crying out for a gold standard. But at a bare minimum, commodities and forex are more resistant to manipulation. Last guy who wanted my help a la Youngluck was facint 15-25 for market manipulation. By 22, he'd defrauded a pension fund out of $32m through stock price manipulation.

mk  ·  3373 days ago  ·  link  ·  

In the US and much of Europe, that much is true. They tend to move more slowly. If you use the Kazakhstan Tenge, however...

kleinbl00  ·  3373 days ago  ·  link  ·  

...then you get what you deserve? ;-)