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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (45405)1/17/2009 6:53:42 PM
From: TobagoJack  Respond to of 217860
 
studiousness and savings rate
ability to endure
and not whimper
culture vs pop culture
ability to get along with others without trying to murder them
small issues, but issues
relative merit (relative to population) per bible's admonitions
the bible is a scale



To: Snowshoe who wrote (45405)1/18/2009 2:37:40 AM
From: energyplay  Respond to of 217860
 
Tulip type manias are pretty typical for the early stages of industrialization or tranisition to a money economy. It is a way people learn. From the aritcle, at least some people got cars, modern houses, and trips to Beijing out of the boom.

That doesn't sound that wasteful to me. Not like gold leaf on chocolate, buying Ferraris, large pleasure boats, and hiring Rod Stewart for your birthday party.

A little more experience, and the Menghai people will deal with agricultural cycles like Houston deals with oil booms, Hong Kong with property cycles, and Silicon Valley with tech and semiconductor cycles.

The first big ride is a wild one, no one knows where the top is...