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I'm not familiar with this writer, but it sure reads like a giant troll and shill for tech stocks. He's right about one big thing though: there's too much money
by scottlocklin 7y ago
I'm not familiar with this writer, but it sure reads like a giant troll and shill for tech stocks. He's right about one big thing though: there's too much money in circulation, and it causes asset bubbles in weird, useless shit like Uber stock and shitcoins; whatever has the PR megaphone. When the next collapse comes, I'm guessing before or shortly after the next US Presidential election, I'd rather hold value stocks. Actually, I'd rather hold foreign real estate.
Trend following is great; you have to sell at the right time though.
- danaris 7y agoThere's not "too much money in circulation." There's too much money in the hands of the wealthy who have nothing genuinely productive to do with it. That same money in the hands of those who are currently barely scraping by—or not even scraping by, homeless or heading that way—would make a real difference in their lives, and would be spent on truly useful and absolutely mundane things.
- scottlocklin 7y agoAll right: there's too much money going into asset bubbles instead of ordinary people. Same difference. Economists love it, as asset bubbles don't look like inflation, and deck shuffling counts towards GDP.