Categories: uncategorized
Date: 30 September 2008 01:20:58
A conversation held this morning on MSN with my friend KT. It's actually more of a monologue on my part with KT occasionally replying to indicate that she's listening to my waffle. She's good like that. You're not allowed to mock my ignorance on such weighty topics however you are permitted to provide bullet point summaries for me :).
Yay says: (9:53:38 AM)
could you tell me what all this bank crashing stuff means for me?
KT says: (9:54:03 AM)
i dunno
KT says: (9:54:19 AM)
it means that my managed investments are going backwards :(
Yay says: (9:54:23 AM)
hmmm
Yay says: (9:54:42 AM)
does it mean that it's a good thing i didn't put any extra money in my super because it'd probably get lost?
Yay says: (9:55:10 AM)
will this mean that lots of people will lose their jobs and the cost of commodities will rise?
Yay says: (9:55:15 AM)
or is that unrelated?
KT says: (9:55:21 AM)
yes to your first question
KT says: (9:55:28 AM)
dunno about the second question
Yay says: (9:55:39 AM)
when big things happen they need to put a bullet points summary for those of us who weren't interested before
Yay says: (9:56:10 AM)
inflation
Yay says: (9:56:13 AM)
it might mean that
Yay says: (9:56:21 AM)
which means my hecs debts will go up
Yay says: (9:57:52 AM)
i just gave pooka a bath and got thoroughly soake
Yay says: (9:57:52 AM)
d
KT says: (9:58:03 AM)
yes bullet points would be good
KT says: (9:58:16 AM)
my eyes glaze over whenever finances are discussed
Yes says: (9:58:18 AM)
yes
Yay says: (9:58:30 AM)
i know that something has happened but i don't know how or what it means
Yay says: (9:58:36 AM)
but it sounds like it's bad. for someone
Yay says: (10:01:54 AM)
but, for example, what does it mean that the dow index has lost 778 points
Yay says: (10:02:01 AM)
? how many did it have to start with?
Yay says: (10:02:05 AM)
how many does it need?
KT says: (10:02:45 AM)
no idea
KT says: (10:02:53 AM)
perhaps wikipedia would be of assistance?
Yay says: (10:02:59 AM)
hmmm perhaps
Yay says: (10:03:03 AM)
but it will have lots of words
Yay says: (10:04:35 AM)
i find it fascinating that money simply disappears. implying that it never existed to start with
Yay says: (10:04:57 AM)
which is sort of true really
Yay says: (10:05:07 AM)
it is merely a construct
Yay says: (10:05:47 AM)
once upon a time a coin had value and was exchanged for goods of similar value
Yay says: (10:06:08 AM)
then currency became symbolic of what it represented
Yay says: (10:06:27 AM)
and virtual currency took over from real currency
Yay says: (10:07:07 AM)
i don't THINK that the value of all the virtual money in the world could be exchanged for goods. and there is definitely not enough currency to represent it
KT says: (10:07:20 AM)
no way
Yay says: (10:07:30 AM)
so it just appeared
Yay says: (10:07:45 AM)
it reminds me of a bible verse actually
Yay says: (10:08:57 AM)
"All men are like grass,
and all their glory is like the flowers of the field.
The grass withers and the flowers fall,
because the breath of the LORD blows on them.
Surely the people are grass.
The grass withers and the flowers fall,
but the word of our God stands forever."
Yay says: (10:09:43 AM)
today is philosophising about the stock market day
KT says: (10:09:51 AM)
indeed :)