2 ms·
stocks: No, prices are just going up. I'd call it inflation caused by rich people who can't spend their money due to Covid. But I expect the higher prices to st
by fxtentacle 5y ago
stocks: No, prices are just going up. I'd call it inflation caused by rich people who can't spend their money due to Covid. But I expect the higher prices to stick.
crypto: Yes, for sure there are lots of ponzi schemes and BTC/ETH will eventually drop back to sane levels while NFTs/web3 go bust.
dotcom: No, software really is eating the world. Did you notice how much shit Facebook / Google / Apple / Amazon / Microsoft can get away with? They are behaving like the robber oil barons of the past and that's highly profitable, so their high stock prices are "justified". That is, until there's legal action to break them up. But in the current political climate, I predict that won't happen.
housing: No, there just weren't enough new houses built in the past 10 years. That's why prices skyrocketed. The same amount of people are competing for less available houses. This might be a bubble, but it can only burst when lots of new houses are built. So maybe it just won't burst due to NIMBYism.
is the economy is broken? Yes, we're shoving large amounts of money towards the ultra rich while some of our fellow citizens are starving or get financially wrecked by natural disasters like the texas ice / electricity thing.
counter reaction to the Fed printing dollars recklessly in 2020? Yes, that's why crypto and some stocks went up sky high. But as long as it's only rich people blowing their money into shady investments, us regular folks might get off pretty unscathed.
"Fed will go on a printing spree again" I consider that very unlikely. They wanted to kickstart the economic recovery and it worked. So their purpose for printing money has vanished.