/biz/ - Business & Finance

Please respond
>>26902278

>>7160547

Hey, I'm a Nixon Republican. My attitude toward government has always been... fuck em.

But in my lifetime I've seen an amazing amount of fads and bubbles, and I've studied many more.

Tulips... at one point you could buy 4 acres of land for a single flower bulb.

Pet Rocks... people waiting in line to spend money on a fucking rock in a box.

Beanie Babies... people buying for speculation. Paying $500 for a $2 toy because they thought that they would be able to sell it for more later. People cashing out their retirement accounts to buy fucking stuffed animals, only to have them go back to $2 once they had rooms stuffed with them.

Every christmas hit toy for the last 20 years.... people paying premium and waiting in line because they fear that wont be able to buy one for 1/2 off after christmas.

The Silver rush of the late 70's. Two men in texas decide to corner the silver market, and America melts down grandmas silver set for cash.

The tech stock bubble.... because adding "dot com" to the name of a company means it will make a shitload of money no matter what the lack of profit tells you.

Enron... where future potential sales were treated as real sales, and the boom lasted until it crashed overnight.

The housing bubble. already mentioned.

Now, you can say fuck all us baby boomers all you want, but we have long memories.

We've been down this road enough times for us old folks to recognize the plot. This is your generations first rodeo.