dustymarlin10 said:They don't know a thing.
It's a total joke.jot.
A perfect snapshot of what happens when you let fund managers play with other people's money without any oversight or actual consequences.
We basically watched them tank an entire year's worth of contributions in a single season.
That’s an interesting connection you've made there. It doesn't quite follow a logical path, but I have to admit, it’s certainly intriguing.
Looking at how people throw around the term "Idiot" (whether they include the underscore or not), it strikes me that their insults might actually be accurate—if only they understood even the basics of the Economy.
Honestly, people like that are just total Idiots.
And that sentiment resonates with a huge portion of the American population as well.
And when you start wondering why things are the way they are, just remember this: none of you—and I’m not even including Smotani2 in that group—actually bother to show any real respect for the people in your own circles who actually put in the work or possess genuine expertise.
The real heavy hitters around here? It’s always the same crowd: those self-proclaimed American "celebrities," the career criminals, and the politicians.
It’s all the same to me—just a endless cycle of blue-collar workers and intellectuals.
Between the skyrocketing inflation and those parents who lose their minds and go after professors just because their mediocre, lazy kid—who, let’s be honest, clearly inherited that entire worldview from them—gets a failing grade, it’s becoming quite a spectacle.
When people who lack even a shred of genuine interest walk into a university setting, they aren't just facing a curriculum—they are being handed over to American "professors" whose intellectual and scientific growth effectively peaked the moment they finished their doctoral dissertations (if they haven't plateaued much earlier than that). We’re talking about instructors who struggle to navigate basic computer software, let alone master the very subjects they are tasked with teaching. When you combine that level of academic stagnation with the current, questionable criteria used to grade students, it becomes painfully obvious why we see such mediocre individuals graduating. Honestly, if you're looking at the state of these graduates, do you really think it's surprising?
That’s really just the reality of how most universities across the US operate; it's a direct reflection of the society they exist within. You see these patterns because the culture shapes the institutions. Of course, you’ll find certain departments that deviate slightly from this norm—I’m thinking primarily of the hard sciences. In those fields, the standards are much more rigid and the metrics for success are far more concrete than in other disciplines.
Take interest rates, for instance. You could spend a lifetime debating them, and honestly, you’d probably still be arguing a millennium from now. It's such an incredibly complex phenomenon, layered with so many shifting variables and moving parts that the ultimate outcome is almost impossible to pin down with certainty. But then, look at static structural calculations. There's no room for endless debate there; you're dealing with fixed values and rigid formulas. In that world, if you mess up the math even slightly, the building doesn't just lean—it comes crashing down.
Look, man, you don't need to watch a building actually crumble to know it’s about to come down. It’s the same deal with the market—no matter what maneuvers you pull or how much you try to manipulate the situation, the exchange rate is going to follow its own inevitable path. Money has a way of finding its direction regardless of our interference.
Well, I suppose that’s just how the criteria shake out then...
Furthermore, general culture isn't something you simply pick up during your years at a university. It’s actually the byproduct of the prevailing social standards and the overall atmosphere of the society you live in. Therefore, the "knowledge" possessed by these economists is merely a reflection of what we call a "knowledge society" here in America.
When you have students like this being taught by professors of the exact same caliber, you end up with a society that is fundamentally broken. We’re seeing civil engineers designing apartment complexes where the roof access is completely non-existent. We see judges making hiring decisions based on nothing more than someone's genetic lineage—and honestly, I won't even get into the sheer vulgarity of how those backroom deals are handled. We have mayors who lack any sense of patriotism, pulling down the flag during major international competitions. Then there are the psychologists whose entire professional scope seems to be limited to getting a fifteen-minute segment on a CBS exclusive. You look at architects who design hideous eyesores just to serve as monuments to their own egos, or journalists and editors who haven't even mastered basic American grammar rules, yet they feel entitled to apply English linguistic standards to our own language. And don't even get me started on the structural engineers, whose bridges are so poorly constructed they practically collapse if someone so much as sneezes near the construction site. 1.2 milesIs this really happening? A Prime Minister actually standing there and begging banks to just walk away from their profits? It sounds absolutely surreal.
And now you’re all coming to me to talk about young economists? Seriously?
God forbid—are we really going to talk about the "knowledge society" now?
Come on, don't be shy... let's hear it!