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There’s stories every few days about how some new “asset class” is exploding in value. Sneakers, baseball cards, diamonds, comic books, Bitcoin (I’m sure there

There’s stories every few days about how some new “asset class” is exploding in value. Sneakers, baseball cards, diamonds, comic books, Bitcoin (I’m sure there are many others). There are signs of a big bubble all over the place now.

sharkweek 6y ago
I'm all in on Beanie Babies making a comeback annnnnny day now... Edit: I just checked Ebay... I think I need to call my mom and see if she still has those things anywhere, holy shit - https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l1313&_nkw=beanie+babies&_sacat=0 https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m...
- bombastry 6y ago
  It's tough to come to any conclusion from looking at eBay listings. Especially when many of the listings are from possible scammers. Sort by "most bids" and set the minimum value to $100. Only a few have even a single bid, with just a couple having multiple bids. Also, the most expensive single-bid items all have sellers with no feedback. The market price is one that buyers are willing to pay, not just one sellers are willing to list. You should probably call your mom anyway though. I'm sure she'd appreciate the chance to talk to you.
  - WalterGR 6y ago
    It's tough to come to any conclusion from looking at eBay listings. Does eBay still let you search closed listings if you're logged in?
    - sep_field 6y ago
      Yes, its under Advanced search.. you can filter by closed listings or only sold listings
  - sharkweek 6y ago
    > You should probably call your mom anyway though. I'm sure she'd appreciate the chance to talk to you. This is great advice, thanks for the reminder :)
MuffinFlavored 6y ago
> There are signs of a big bubble all over the place now. Or is it just that more people want to invest than ever and are seeking yield/return in whatever they can get their hands on? Isn't that a good thing that lots of people have "disposable income" they want to temporarily get rid of? Why does it need to be this doom and gloom "big bubble all over the place" thing?
- Ericson2314 6y ago
  Because investments are supposed to be productive things that make the world better.
- jonathanleane 6y ago
  This isn't investing, it's speculating. There's a difference. Low interest rates are supposed to fuel growth of productive assets. Creating and expanding businesses that create products and services that people want. Instead, disposable income and cheap credit are pouring into things like crypto, meme stocks, and sneakers. No new value is being created. These 'assets' only continue to increase in value because of currency devaluation and ponzi scheme like effects, i.e. new people jumping aboard the 'get rich quick' train.
l33tbro 6y ago
Money cannons. How many trillions has the Fed bought in securities over the last year? Money has to go somewhere - and will eventually start blowing bubbles in weird asset classes.

sharkweek 6y ago

I'm all in on Beanie Babies making a comeback annnnnny day now... Edit: I just checked Ebay... I think I need to call my mom and see if she still has those things anywhere, holy shit - https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l1313&_nkw=beanie+babies&_sacat=0 https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m...

bombastry 6y ago
It's tough to come to any conclusion from looking at eBay listings. Especially when many of the listings are from possible scammers. Sort by "most bids" and set the minimum value to $100. Only a few have even a single bid, with just a couple having multiple bids. Also, the most expensive single-bid items all have sellers with no feedback. The market price is one that buyers are willing to pay, not just one sellers are willing to list. You should probably call your mom anyway though. I'm sure she'd appreciate the chance to talk to you.
- WalterGR 6y ago
  It's tough to come to any conclusion from looking at eBay listings. Does eBay still let you search closed listings if you're logged in?
  - sep_field 6y ago
    Yes, its under Advanced search.. you can filter by closed listings or only sold listings
- sharkweek 6y ago
  > You should probably call your mom anyway though. I'm sure she'd appreciate the chance to talk to you. This is great advice, thanks for the reminder :)

MuffinFlavored 6y ago

> There are signs of a big bubble all over the place now. Or is it just that more people want to invest than ever and are seeking yield/return in whatever they can get their hands on? Isn't that a good thing that lots of people have "disposable income" they want to temporarily get rid of? Why does it need to be this doom and gloom "big bubble all over the place" thing?

Ericson2314 6y ago
Because investments are supposed to be productive things that make the world better.
jonathanleane 6y ago
This isn't investing, it's speculating. There's a difference. Low interest rates are supposed to fuel growth of productive assets. Creating and expanding businesses that create products and services that people want. Instead, disposable income and cheap credit are pouring into things like crypto, meme stocks, and sneakers. No new value is being created. These 'assets' only continue to increase in value because of currency devaluation and ponzi scheme like effects, i.e. new people jumping aboard the 'get rich quick' train.

l33tbro 6y ago

Money cannons. How many trillions has the Fed bought in securities over the last year? Money has to go somewhere - and will eventually start blowing bubbles in weird asset classes.