Tech Sector Cash Hoarding
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Israel is a heavily visited country and a weird one where it is essentially impossible to identify who is or isn't an American (do the the crazy level of dual citizenships there.) The number of tourists there coupled with the fact that you never hear anything bad from there except for internal clashes where deaths are normally in the ones and twos.... it's pretty crazy safe. Especially if you aren't a Palestinian. The only people ever at risk are Palestinians themselves.
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@Dashrender I'm not really saying holding on to all that money is a bad thing, just that the sheer amount of it is crazy. Since I'm not a macro-econ professor\expert, I can't really know whether keeping all of that money out of circulation is a bad or good thing. That's all
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@AVI-NetworkGuy said:
@Dashrender I'm not really saying holding on to all that money is a bad thing, just that the sheer amount of it is crazy. Since I'm not a macro-econ professor\expert, I can't really know whether keeping all of that money out of circulation is a bad or good thing. That's all
Long term it is considered crippling. Causing whole countries to fail.
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@scottalanmiller said:
Long term it is considered crippling. Causing whole countries to fail.
The US companies doing this are causing other countries to fail, or companies, the wealthy within those country lack of spending/conserving capital is what is causing it?
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@Dashrender said:
@scottalanmiller said:
Long term it is considered crippling. Causing whole countries to fail.
The US companies doing this are causing other countries to fail, or companies, the wealthy within those country lack of spending/conserving capital is what is causing it?
It hurts our own economy, but the US does it less then nearly any other country which is where a lot of our wealth comes from.
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@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
Long term it is considered crippling. Causing whole countries to fail.
The US companies doing this are causing other countries to fail, or companies, the wealthy within those country lack of spending/conserving capital is what is causing it?
It hurts our own economy, but the US does it less then nearly any other country which is where a lot of our wealth comes from.
So you're saying, while it's bad that these huge mega companies have these huge stock piles of money, there are many other countries where, while the amount of stockpiled cash is significantly less, is hurting their own countries significantly more? huh.. didn't know that.
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@Dashrender said:
@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
Long term it is considered crippling. Causing whole countries to fail.
The US companies doing this are causing other countries to fail, or companies, the wealthy within those country lack of spending/conserving capital is what is causing it?
It hurts our own economy, but the US does it less then nearly any other country which is where a lot of our wealth comes from.
So you're saying, while it's bad that these huge mega companies have these huge stock piles of money, there are many other countries where, while the amount of stockpiled cash is significantly less, is hurting their own countries significantly more? huh.. didn't know that.
Yes, Norway and Ireland are well known for this. A culture of hoarding.
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@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
Long term it is considered crippling. Causing whole countries to fail.
The US companies doing this are causing other countries to fail, or companies, the wealthy within those country lack of spending/conserving capital is what is causing it?
It hurts our own economy, but the US does it less then nearly any other country which is where a lot of our wealth comes from.
So you're saying, while it's bad that these huge mega companies have these huge stock piles of money, there are many other countries where, while the amount of stockpiled cash is significantly less, is hurting their own countries significantly more? huh.. didn't know that.
Yes, Norway and Ireland are well known for this. A culture of hoarding.
Is it because of to many failures, so people feel the need to save for bad time?
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@Dashrender said:
Is it because of to many failures, so people feel the need to save for bad time?
No idea, maybe. The great depression generation famously lost all of their money to inflation because they hoarded rather than investing. It's a weird paranoia that causes financial recklessness while feeling oddly like being conservative.
Same bad emotional reaction that causes people to buy bonds instead of stocks.
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@scottalanmiller said:
@Dashrender said:
Is it because of to many failures, so people feel the need to save for bad time?
No idea, maybe. The great depression generation famously lost all of their money to inflation because they hoarded rather than investing. It's a weird paranoia that causes financial recklessness while feeling oddly like being conservative.
Same bad emotional reaction that causes people to buy bonds instead of stocks.
People seem to forget to invest in ammunition... that is the best investment in a collapsing economy. Pieces of paper won't bring you dinner once they are only worth the paper on which they were printed.
