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The price of virtually all stocks has been inflated due to stimulus money, as some people are using stocks as a store of value and some are speculating. The pr
by alwillis 6y ago
The price of virtually all stocks has been inflated due to stimulus money, as some people are using stocks as a store of value and some are speculating.
The price to earnings ratio of Tesla is 1692—that’s nuts.
- ur-whale 6y agoAgreed on the stock market valuations being crazy, but then: where would you park your stimulus money instead? Bonds? Gold? Real estate? The truth is, preserving wealth in 2021 isn't obvious at all.
- paxys 6y agoThe top 2 economic problems of 2021: "I can't afford rent or food" and "I don't know what to do with all my extra money".
- alwillis 6y agoWhat people don’t get—everything denominated in dollars is also inflated by dollars, meaning when the printing of trillions dollars stops, real estate, stocks, etc. will crash. We’re well on the way to negative interest rates. The primary reason for the rise of bitcoin’s price from the low in March 2020 to $37,000 and change tonight is because it’s being used to preserve wealth.
- lurker619 6y agoAny articles with more details on your reasoning?
- bb88 6y agoTINA -- There is no alternative