this post was submitted on 22 May 2023
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Why do we all live our lives just assuming the market will always rebound once it takes a downturn? (hexbear.net)
submitted 2 years ago by Hohsia@hexbear.net to c/askchapo@hexbear.net
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I’m clearly no economist so maybe I’m missing something obvious, but I cannot wrap my head around why so many believe that the market is just some sort of fundamental, unchangeable property of the universe that is and always will be. Why do we assume that the dollar will always be valuable?

I could be incorrect, but it seems like there is no guarantee that there will be a rebound after a crash (see: 2008). It more so just seems like parts of capital crumble and become inaccessible to people who once had access, thus causing complete inaccessibility for all who come after.

So, boom and bust seems like the greatest misnomer of all time.

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[–] Elon_Musk@hexbear.net 0 points 2 years ago* (last edited 2 years ago) (3 children)

Every time it dips or crashes it's much more likely that it will rebound than never come back. There's an entire nation working non stop to ensure the highest profits and best returns. Theyll make you a slave before they let the market crash permanently. If you think the dollar is going to tank then invest in tangible assets like gold or ammo.

Edit: and while you sit on the sidelines waiting for a crash its going to double and triple while your ammo pile just sits there waiting

[–] StolenStalin@hexbear.net 0 points 2 years ago (1 children)

Why the fuck do people call gold a tangible asset. It's just some dumb metal.

[–] Elon_Musk@hexbear.net 1 points 2 years ago (1 children)

Because its touchable but hard to get large quantities. Aluminum is just a dumb metal but I could fill my backyard with it in short order.

[–] ClimateChangeAnxiety@hexbear.net 1 points 2 years ago

It also likes to stick around without reacting with stuff. Leave aluminum around too long and it starts to turn into dust.

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