Comments by "Tony Wilson" (@tonywilson4713) on "Stoic Finance" channel.

Great comment and I love that expression “irrational exuberance" I'm an aerospace engineer who did all of 1 economics class as an easy elective. As a subject Economics seems so based on simple premises and logic of supply and demand but is then practiced in a way that is utterly bereft of logic. I've just been arguing with yet another Elon Musk fanbot (my new label for them). He's a master of manipulating “irrational exuberance." If you look at the share price of Tesla for its market share and number of cars made each year its monumentally over valued. Its not simple over valued by 10 or 20%. Its over valued by well over 1000% based on market share and number of cars made p.a. The Falcon rockets from SpaceX are an incredible achievement now capable of flying humans to space, but Elon's stuff on Mars and the new Starship are complete fantasy and yet the fanbots all think he's gonna whisk them away to space utopia. I see through Elon's BS because of my engineering experience. I suspect other people see through things in other industries because of their experience in those industries. I believe many of the top 1% rely on vast chunks of the 99% not having any grasp of what they're spruiking.
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@mariomenezes1153 Quite possibly. Pointing fingers at others, sabre rattling, making grand proclamations and even starting wars are a well practiced tactics by politicians facing trouble. It doesn't matter what the political system is either. When you have trouble at home start a fire somewhere else and yell "look, fire" If it gets hard at home for Xi Jinping he could easily start something as a distraction.
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The late Rene Rivkin used to preach "Buy in gloom. Sell in boom" Or basically buy cheap when everyone is panicking and sell high when everyone thinks all is grand. He also had questionable morals getting caught for insider trading, which is ironic considering its now effectively legal for politicians. But whatever his faults Rene was never close to the moral blackhole Ray Dalio and Bridgewater are.
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@lgr_5626 Your not wrong on the USA and Europe being in trouble but you conclusion that China will survive is just plain wrong. That's what is being pointed out here. China has funneled a mountain of money into real estate that's now worthless. China is about to find out what other nations have at various times. If you try and drive your wealth avenue via real estate it will eventually collapse. They aren't alone. I'm Australian and we have been through a number of real estate crashes and yet here we are YET AGAIN going through a real estate bubble. I know people from New Zealand and theirs is out of control. The Chinese are doing what many other societies have done, with the exception of how big it is and how valueless many of the assets are. Their one saving grace might be the one party system where they can just declare "something" 🤷‍♂️🤷‍♂️
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What do you mean headed for? We have had inflation going on for the last 40 years, it just hasn't been in the consumer goods part of the economy. Its been one of the great manipulations of the worlds business sector. The cost of housing has skyrocketed across the Western World along with power and water and lets not forget the stock markets. Just a few days ago in a thread about the cost of power a guy from Romania was howling how his power bill had gone up 53%. What he was describing was EXACTLY what's happened in Australia where I am. It also fits with every other developed nation in the world as we have followed the neo-liberal mantra of privatize everything. What's been different is that inflation has always been linked to the cost of basic staples - food, clothes and sundry items (eg. pens, pencils & paper). Houses and stocks are considered assets so instead of inflation its called GROWTH. THERE HAS BEEN INFLATION. Its just been done in ways that we don't normally associate with inflation.
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Did we all really hear that you didn't know who Neil Young was?? Maybe you slow down a bit Max and stop being such a millennial and do just a bit if history reading. I notice you haven't done anything on Mark Blyth's assessment of Bitcoin either????? If you want people to take you seriously then don't act like a pretentious millennial, the world has a plague of those.
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@JimmyRunningDog Wait until you counter anything he says and his fanbots come out of the woodwork to hunt you. Some call them Muskrats. I call them fanbots for the simple reason all they do regurgitate his claims and excuses like programmed robots. I don't specifically hate Elon either, but I hate the unnecessary garbage PR. As I have said at times, I've worked in the auto industry and to bring Tesla to mass production and survive has been an staggering achievement. PLUS its actually changed an industry that hates change and particularly it hates big changes. I started with a degree in aerospace, so I also know how incredible Falcon is. Its now man rated. Boeing with all their funding and support and experience and they still haven't had a successful flight of Starliner. Everyone thinks Boeing failed on the Max-8. WRONG, the Max-8 was just ANOTHER SYMPTON of fatally poor management. What the rest of the Tesla & SpaceX shareholders need to learn from Boeing is that an out of control mouthpiece making promises that can't be delivered is in the long term FATAL.
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@mikemooney9124 Its CCP not CPC. I kind of agree on their efficiency, but you've skipped over their shortcomings one of which is expediency. Its an easy thing to mistake expediency for efficiency particularly with technology - I'm an engineer. I was in China a few years back for work. I went on both their Maglev and Fast Rail and both are extraordinary technical achievements. ON THE FLIP side is that its all been powered by coal and their coal industry is expedient NOT efficient and that's before we open the massive box of the costs of that expediency. China has done extraordinary environmental damage to their rivers and other parts of their nation. Their contribution to climate change and that damage now exceeds America. They now risk losing a massive part of the food supply.
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I heard there was this Swedish teenager who upset a lot of people when she pointed out the stupidity of believing in the "fairytales of eternal economic growth." I think this is her -> https://www.youtube.com/watch?v=TMrtLsQbaok (00:50)
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@4andronicus And they crushed him over a nothing deal where he apparently heard something and he didn't make much money anyway. He was as you said "a character" I bet he he would have had a ball playing crypto games. I'd love to know what he would have made of the years since he died (2005). He missed the GFC and Trump.
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Yeah 7:38 "the entire week was basically just a CIRCLE JERK between Bloomberg journalists and banking analysts trying to make sure they were adequately hedged against tighter monetary policy" (my highlights & bold) Well that's some HONEST reporting.
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Yeah 7:38 "the entire week was basically just a CIRCLE JERK between Bloomberg journalists and banking analysts trying to make sure they were adequately hedged against tighter monetary policy" (my highlights & bold) Well that's some HONEST reporting.
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I heard there was this Swedish teenager who upset a lot of people when she pointed out the stupidity of believing in the "fairytales of eternal economic growth." I think this is her -> https://www.youtube.com/watch?v=TMrtLsQbaok (00:50)
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Agreed.
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@brunovanhove1832 Don't waste your time he's a 23 year old nothing. Go look at how he responded to my comment.
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