Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: marginnayan who wrote (55087)	10/29/2004 1:09:03 PM
From: Maurice Winn	Read Replies (1) of 74559

<there is no null position K/i>> Allow me: All assets are allocated somewhere. Where they are allocated is the position and all positions are at risk of being devalued against everything else. The US$ is a position, at risk of being devalued against everything else. Gold is a position. Spending the lot on consumer goods or simply throwing it away to get the clear-minded, easy-going, free-as-a-bird feeling is a position, subject to becoming confused, repressed, helpless-as-a-hen and in mortal danger. Owing something today is the same as buying it today [apart from relatively small transaction costs]. All are positions being constantly taken. There are no hills to head for as in "head for the hills" and hide out until the market clears. All hills are included in the markets. We are all stuck in a Goedelian self-referential system with no externality. Even Ted Kaczynski couldn't escape and ended up sucked heavily into the black hole. There is no null position. People might not know they are taking a position, but they are taking one nevertheless. Every second, they are taking a position, whether awake, asleep, aware or happily ignorant of anything and everything. Mqurice

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