From the 12/6/08 edition of The Economist
Any American who has diligently put $100 a month into a domestic equity mutual fund for the past ten years will find his pot worth less than he put into it; a European who did the same has lost a quarter of his money.
It is depressing that owners of capital cannot make money, even within a 10 year period.
The article also suggests a concept we should be teaching students. In times, such as these, we should buy, buy, buy! The Economist says,
If savers treated financial assets as they do other goods, they would sell them when they are expensive and buy them when they are cheap. Actually, they do the opposite.
Thursday, December 11, 2008
Blog Archive
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2008
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December
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- I told you the money supply doubled!
- The Money Supply Has Doubled!
- Thoughts on Austrian Economics
- Michael Pollan Stars in Atlas Shrugged
- Unintended Consequences
- Saving for Retirement
- Put your money under the mattress
- Wealth of Nations: Part 1
- Can Obama Create Jobs?
- Understanding Exchange Rates
- Worst Intro Ever
- Best Economic Quote Ever
- I have this friend, who...
- New Era of Ag Econ
- Finance and the Macro
- We are finally saving more money
- The Importance of California for Animal Rights Mov...
- Pilgrim Socialism
- I Hate Aggregate Supply / Demand
- Blog Medley
- What OK College Kids Listen To
- Making Fun of Students
- Smoke'em if you got'em
- Blogs are awesome, and prestigious
- Unemployment During the Great Depression
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