The bulls are trying to keep everyone’s eyes away from Trump’s curtain covering real data while juicing valuations to impossible multiples for the big tech stocks.
AgileDrag1469 on
The grifters who gave us 2008 are back—they just moved from mortgage paper to Treasury paper.
They’ve once again financialized the safest part of the system to generate unearned yield.
The Fed will almost certainly bail them out “for stability,” and the public will foot the bill indirectly through inflation, currency debasement, or future austerity.
jpk195 on
Article does a good job at consolidating multiple parallels between these times periods.
I didn’t realize before there was a “retail” investor phenomenon back in those days also.
TheDadThatGrills on
It could be, but it also feels a few years out. Anyone around in the mid-2000s can attest to how wildly easy it was to access debt. The current market is headed in the wrong direction but isn’t at that level. I believe our economy is more resilient than most redditors give it credit for, but I’m not optimistic about the past few years of this decade.
SuchDogeHodler on
No, on the contrary, I believe we are heading towards a boom. You would be as well if you looked at the numbers and not everyone’s opinion of what they think or want you to think.
For instance, Powel has changed his reason for not lowering rates several times, grasping at excuses of why he is holding back our economy.
First, it was jobs, then it was inflation, now it’s tariff u certainty….. as each one is dismissed, he just comes up with another one. At some point, you have to stop just accepting what he says and ask why.
DiamondHandsToUranus on
It’s by design.
1. Steal what they can.
2. Crash it hard.
3. Buy up everything for pennies on the dollar Edit: with what they’ve already stolen.
4. This is why regulation matters. Sucks we have to keep ‘learning’ the same lesson over and over.
5. We’re stupid/naive enough to lack a mechanism to deal with obvious crooks running for office to stay out of prison.. which is, of course, obviously fucking dumb
6 Comments
To read: https://archive.ph/dIA7t
The bulls are trying to keep everyone’s eyes away from Trump’s curtain covering real data while juicing valuations to impossible multiples for the big tech stocks.
The grifters who gave us 2008 are back—they just moved from mortgage paper to Treasury paper.
They’ve once again financialized the safest part of the system to generate unearned yield.
The Fed will almost certainly bail them out “for stability,” and the public will foot the bill indirectly through inflation, currency debasement, or future austerity.
Article does a good job at consolidating multiple parallels between these times periods.
I didn’t realize before there was a “retail” investor phenomenon back in those days also.
It could be, but it also feels a few years out. Anyone around in the mid-2000s can attest to how wildly easy it was to access debt. The current market is headed in the wrong direction but isn’t at that level. I believe our economy is more resilient than most redditors give it credit for, but I’m not optimistic about the past few years of this decade.
No, on the contrary, I believe we are heading towards a boom. You would be as well if you looked at the numbers and not everyone’s opinion of what they think or want you to think.
For instance, Powel has changed his reason for not lowering rates several times, grasping at excuses of why he is holding back our economy.
First, it was jobs, then it was inflation, now it’s tariff u certainty….. as each one is dismissed, he just comes up with another one. At some point, you have to stop just accepting what he says and ask why.
It’s by design.
1. Steal what they can.
2. Crash it hard.
3. Buy up everything for pennies on the dollar Edit: with what they’ve already stolen.
4. This is why regulation matters. Sucks we have to keep ‘learning’ the same lesson over and over.
5. We’re stupid/naive enough to lack a mechanism to deal with obvious crooks running for office to stay out of prison.. which is, of course, obviously fucking dumb