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Whenever I see a Top Dog defending their industry--I worry. I don't know if it's a bubble. I'm so bad at predicting the financial future, I looked onto someth
by marincounty 11y ago
Whenever I see a Top Dog defending their industry--I worry.
I don't know if it's a bubble. I'm so bad at predicting the financial future, I looked onto something called a Contrarian
Investor. If I had money to invest, I think I would do the ablosute opposite of what the experts advise. While I terrible about predicting bubbles; I, along with most people predicted the last tech bubble. I know certain tech companies are very different today.
I don't want to argue with anyone. I'm a nobody. These are just my uneducated/novice inner thoughts. I do know the people around me are underemployed, and too many just stopped looking for work. They haven't benefitted from this recovery. They didn't benefit from low interest rates. The low interest rates just hurt guy's like me. The bank charges me for everything. Rent is always going up. Fines, and fees go up, while my salary stays stagnant. I make nothing on my savings account. I am greatful we don't have much inflation though. I am greatful for health care, but it's not what I thought it would be. I'm not knocking Obamacare, just the enetites that are exploiting it. I couldn't imagine being in a state where the governor declined funds from Obamacare.
Yes, tech is booming, and I hope it stays booming. Being in the Bay Area, I see the amount of money tech is bring in. I see rents skyrocketing. I see houses being bought up for outrageous amounts. (I'm not claiming tech is the only reason housing is going up in cost. I see REIT's and foreigners buying residential properties with a phone call.)
I just don't know. It's Monday, and I don't feel great. If it is a bubble, I pray it leaks, and doesn't burst. Sorry, about this post. I'm all alone today, and this is my port hole to others. I know--I'm pathetic.