Soon, it will be autumn – then the leaves will fall from the trees. I do not very much like it. However, if I choose to live here – and basically, I like living in Bavaria – then this is just how things are, isn’t it?
The stocks also seem to fall The media write “Through the Bottom”. And politicians are all worked up about it. They schedule crisis meetings in order to discuss what could be done against falling stocks. Wouldn’t you think politicians had more important things to do?
I fail to understand all this fuss. There were weeks during which the DAX climbed by a half or even a full point each day. That was normal. Some stocks of trustworthy enterprises actually tripled their values over a time of two years. That was also normal! Not too far back, the DAX climbed over the “psychologically extremely important“ five-thousand points (5,000). And then it continued to “climb” and “made its way skywards”.
All bullshit.
Behind this kind of stupidity, even the Job’s news from Italy, Portugal and Spain are pushed to the back. But it is quite simple, isn’t it? If you live beyond your means, you can wait for the time when you will be punished for it. This is true for all humans, for countries, for banks and enterprises, for families. It is basically true for everything.
And after you have stepped over the critical threshold, there is no way back because of the tricky interest mechanisms. The only logical consequence is to declare bancruptcy. And that, too, is something that is equally true for all humans, for countries, for banks and enterprises, for families. Basically for everything.
And if you want to negate this “quasi law of nature“, you will end up like everybody else who wanted to negate a law of nature: you will fall into a deep hole.
RMD
(Translated by EG)
P.S.
It took me exactly 12 minutes to write this article. It really seems to be a very simple matter.
P.S.1
Here is a citation from ARD.de (of Friday, August, 4th, 2011, 8:36):
Das Börsenzittern geht weiter
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