2 ms·
Honestly, I personally feel that the pandemic-led flooding of $$$ into the markets (led of course by the US Fed) has led to a lot of financial experiments like
by madmax108 5y ago
Honestly, I personally feel that the pandemic-led flooding of $$$ into the markets (led of course by the US Fed) has led to a lot of financial experiments like crypto, SPACs etc. succeeding beyond wildest expectations (at least for long enough) creating "economics thought leaders" out of people who espouse them, who then go on to espouse their cockamamie, naive ideas onto the rest of society, since their rationale is that they "understand" some aspect of human society better.
Spoiler alert: They very very rarely do. And when the market as a whole corrects, I'd expect a lot of this babble to quiet down (Remember Chamath?).
"In a bull market, everyone is a genius"
- jollybean 5y agoIn a bull market, the craziest person with the loudest horn is the biggest genius.