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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Americans' Average Net Worth by Age -- How Do You Compare?

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Comments

  • I guess debt is sorta fungible too? Chuckle
  • Social policing and economic policy are profoundly linked, as the youtube misleading title tries to to point toward. Of course I read the wikip entry. You are not even giving me a chance to delve and offer something further. That's cool, since you feel this a food fight unamenable to exploration and, more important, that I am a sinkhole without cred ('best wishes,' huh).

    No prob.

    >> What worked economically yesterday might be a complete failure today.

    Right. Past results etc. An amusing basis for all thinking.
  • >> guess debt is sorta fungible too? Chuckle

    by definition
  • ('best wishes,' huh)

    My observation in a previous exchange with the self-appointed "arbiter of reference sources":

    "I never did put much stock in your "Best Wishes", especially when used to end one of your many polemics. Kinda sounds insincere, if you follow me."


    I see that I'm not alone in that feeling... Mostly Just Gas, business as usual.

  • haha, good one, forgot that, OJ.
  • MJG
    edited May 2015
    Hi Old Joe,

    We’ve had a spirited and controversial exchange on competing economic theories, and the only arrow in your near empty quiver is a lonely and futile personal attack on my closing valediction. And it only comes when someone else initiates a debate with me. That’s a gutless, piling-on action.

    How sad, how ineffective, and how like you.

    You are wrong to hypothesize that I don’t wish everyone well. I do. It is pure conjecture on your part to suggest otherwise. It is egotistical that you feel you have access to my innermost thoughts. I harbor no grudges when contributing to the MFO Discussion section.

    How sad, how ineffective, and how like you.

    I do sincerely mean…..

    Best Wishes.
  • Anna, and all,

    Regarding the extreme (exponential) fungibility of debt, this from 2009 is very good and nicely explained, even though some of the points have been modulated if not superseded since:

    http://www.newyorker.com/magazine/2009/06/01/outsmarted

    Had forgotten that in these derivations, JPM was so much more careful and precise and prudent than its many imitators.
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