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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 busin
by 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.