I remember in the 80's that Japan was in an aggressive growth push. They were buying commercial property in the United States and one building in particular was the ARCO tower in downtown Los Angeles. I vented my opposition to a guy I know who was the head building engineer of that property, he laughed and said "don't worry, that building is a dog. It's going to cost more to repair it than to tear it down and rebuild it". That's when I realized, nobody sells a winner. Everyone is always looking to dump their bad investments. If someone is pushing an investment on you, it's probably about to lose.
WHEN THE CONGLOMERATE Mitsubishi Estate struck a deal to take control of Manhattan’s Rockefeller Center in late 1989, it capped a decade of go-go acquisition of U.S. trophy assets–Firestone Tire & Rubber, Columbia Pictures and plum real estate–by Japanese corporations. This deal, struck just weeks before Japan’s stock market cratered, would prove hubristic, landing the iconic building complex in bankruptcy.
Yes, especially greedy boomers. I'm a (late) boomer myself and I hear the conversations about how the only thing they're leaving their kids is debt. They act like it's funny to do that to the next generation. I freaking hate most boomers.
Oh very, the generation fallacy. Technically I'm a millennial, a stereotype which makes no fucking sense if you knew me.
But that's my point,. One of the easiest traps to fall into is the generation theory, that people of certain age ranges are a certain way.
You hate shitheads, doesn't matter what age they are. People who knows the world is fuct and there nothing anyone can do about it, and laugh it off as they die out, they suck. But not all "boomers" are anything like that, especially in other countries. It's all a fallacy. You cannot understand the world through generation theory, it's just a trap
Try considering dropping the idea. Generation theory is fed to us from a young age through mass media and government education systems. THAT should be your first clue to reject it.
It only separates people from eachother and increases the knowledge loss that already plagues our society
When companies see a good future, they typically start buying back their stock. Sometimes they are diversifying their risk when they sell, but that should indicate what they are really forecasting
I think the future could be different though. Who benefits the most from inflation? Debtors. Who is the biggest debtor? US gov. Why are they virtue signaling about fighting inflation while lowering rates and doing back door QE? What happened to stocks and assets when inflation is rampant?
I'm not saying I think there will be real growth but nominally I don't see asset prices contracting until they reign in the currency
I remember in the 80's that Japan was in an aggressive growth push. They were buying commercial property in the United States and one building in particular was the ARCO tower in downtown Los Angeles. I vented my opposition to a guy I know who was the head building engineer of that property, he laughed and said "don't worry, that building is a dog. It's going to cost more to repair it than to tear it down and rebuild it". That's when I realized, nobody sells a winner. Everyone is always looking to dump their bad investments. If someone is pushing an investment on you, it's probably about to lose.
WHEN THE CONGLOMERATE Mitsubishi Estate struck a deal to take control of Manhattan’s Rockefeller Center in late 1989, it capped a decade of go-go acquisition of U.S. trophy assets–Firestone Tire & Rubber, Columbia Pictures and plum real estate–by Japanese corporations. This deal, struck just weeks before Japan’s stock market cratered, would prove hubristic, landing the iconic building complex in bankruptcy.
the Rockafellaz play rockafella games.
Exactly
Not a plagiarist, wanna be clear, that is Cut and pasted straight from the wikipedia article on it. Except that last line of course, lol.
Not always. Sometimes you have legit business owners that need to grow. But pretty much, that's impossible to tell these days
They typically use private equity firms for growth.
Yes, that and angel investors. But it's legit, that's my point.
I agree with you too, mostly when someone is selling an investment, like real estate, it's because it's NOT good.
If it was good, they wouldn't sell. Just like natural capitalism predicts.
Best places to find opportunity is to look for people with assets who are aging and dying, transitioning to cashing out. It's a crowded area
Yes, especially greedy boomers. I'm a (late) boomer myself and I hear the conversations about how the only thing they're leaving their kids is debt. They act like it's funny to do that to the next generation. I freaking hate most boomers.
Oh very, the generation fallacy. Technically I'm a millennial, a stereotype which makes no fucking sense if you knew me.
But that's my point,. One of the easiest traps to fall into is the generation theory, that people of certain age ranges are a certain way.
You hate shitheads, doesn't matter what age they are. People who knows the world is fuct and there nothing anyone can do about it, and laugh it off as they die out, they suck. But not all "boomers" are anything like that, especially in other countries. It's all a fallacy. You cannot understand the world through generation theory, it's just a trap
Try considering dropping the idea. Generation theory is fed to us from a young age through mass media and government education systems. THAT should be your first clue to reject it.
It only separates people from eachother and increases the knowledge loss that already plagues our society
now they do, not in the 90s
When companies see a good future, they typically start buying back their stock. Sometimes they are diversifying their risk when they sell, but that should indicate what they are really forecasting
I think the future could be different though. Who benefits the most from inflation? Debtors. Who is the biggest debtor? US gov. Why are they virtue signaling about fighting inflation while lowering rates and doing back door QE? What happened to stocks and assets when inflation is rampant?
I'm not saying I think there will be real growth but nominally I don't see asset prices contracting until they reign in the currency
and how is being Japanese working out?
now the economy is picking up they are being pressured to take jeets and nogs which they managed to resist for decades