Chiponomics 102

[KJD]

Same here, BlackICE, I waited because $ were an issue for me and because I wanted a late '06 car.

But if I had uber $ available like some, I likely would have paid whatever early on. And bought more than one, for sure!

 

[ObeyMyFast!]

I am currently taking AP Economics in school. All of this stuff is great. Keep it up!

 

[Cyclenirvana]

Great thoughts all....and I like to read and learn from your threads, Chip. My wife grew up in the former USSR, and she has told me what it was like under communism. The stores were always understocked and long lines were the norm. She and her sister would often take turns waiting in line for sausage and bread. Almost overnight, when the Soviet Union fell, this changed...she will tell you that the stores went from "nothing" to "plentiful"...and it wasn't just quantity it was also variety. In the USSR, there was one vendor...the government....and everything was rationed. Funny thing, she tells me of how various Americans she meets (she is currently in school in NYC), usually very young and tremendously naive, practically argue with her about her experience. "Oh it will be different this time...socialism can work"..but as you have said Chip it never is!

 

[ChipBeck]

The economics of crime.

Crime negates all laws of economics.
All products and markets are affected.

and (financial) derivatives ............. :thumbsdow

Gentlemen,

I beg to differ. With the possible exception of criminally insane violence, most crime involves a risk/reward analysis on the part of the offender. I'll get into this in-depth in Chiponomics 103. In that thread I'll cover criminal activity from simple street violence to financial derivatives.

Here is a short primer. A burglar/petty thief/mugger is, in his own way, a small businessman. The better he gets at performing his risk/reward analysis, the more successful he will be. Generally, when considering a start up business or a potential crime, the higher the risk involved, the greater the payoff must be if the crime/venture is successfully pulled off to induce an attempt. There are solid business reasons that make snatching the purse of a well-dressed 60-year-old woman more attractive to a young thug than trying to pick a pocket of one of the New Orleans Saints offensive linemen.

Give me a few days to put my thoughts together and I'll lay it all out in the next thread. Cheers.

Chip

 

[ford gt 1625]

I waited 5 years and got a new on mso 05 for $ 121K . I also bailed 75% out of the stock market on 5/07 . You make your own economics if you don't follow the herd . Just picked up a 08 GT500KR with 950 miles for 53K they only made 1000 in 08. MSRP was 83k .,

 

[Cobrar]

Gentlemen,

I beg to differ. With the possible exception of criminally insane violence, most crime involves a risk/reward analysis on the part of the offender. I'll get into this in-depth in Chiponomics 103. In that thread I'll cover criminal activity from simple street violence to financial derivatives.

Give me a few days to put my thoughts together and I'll lay it all out in the next thread. Cheers.

Chip

Lookin' forward to that post!! Gonna' take at least 3 MM's. :beer2:

 

[STUNTS]

This chiponomics thread is going to be educational and somewhat entertaining I think...
I've always liked hearing what you have to say Chip and I've always liked the devils advocates here on the forum as well.....
So, with that said.....
:cheers