>… about used car prices since 2015 (though I expected the prices to decline about 8 months before they did)… In my opinion, the clearest sign that something’s

>… about used car prices since 2015 (though I expected the prices to decline about 8 months before they did)… In my opinion, the clearest sign that something’s wrong is in the bond market. Something like ¼ of the world’s government bonds have a negative interest rate. People put up money today in exchange for less money in the future, it doesn’t make sense… It's funny, I made two responses[0][1], two weeks ago along these lines surrounding the Tesla bond auction. IMO, most people don't want to hear it because they believe they are doing the best they can with whats available for them to allocate. Too much money chasing the same shit that's consistently providing less and less returns… best to sit quiet in the background and do what one must's in this environment despite it all… Yeah, yeah, it will be so good for Tesla to sell its new expensive (how many people can afford a $35k+ out of pocket for something that will sit idle for most of its lifetime?), the future™, cars with 0% down to subprime on the mass market once it gets at scale™ to people who can barely afford monthly payments on their used old and busted gas guzzlers… for fucks sake, hedge funds pay for satellite time to time their shorts based on bloated auto inventory now, because people are just waiting to have their new electric cars… who knows, maybe there will be a new gov program, an EBT of sorts for autos, cash for clunkers was a good step in that direction lol >The market is trying to burn off excess value that’s not being used well and world governments are trying to insolate rich people from those effects. I think this is only going to exacerbate feedback loops that end up only weakening the governing systems because "god forbid" that any of the The Market™ burn off accidentally get allocated to those who end up besting those who are trying so hard to lock in less money 5-100 years from now on gov/corp bonds… [0] https://news.ycombinator.com/item?id=14949201 https://news.ycombinator.com/item?id=14949201 [1] https://news.ycombinator.com/item?id=14949123 https://news.ycombinator.com/item?id=14949123