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It's really interesting watching the crypto talking heads repeat the same messages that William Devane uses at 2 am to sell gold coins to the Fox News "fell asl

It's really interesting watching the crypto talking heads repeat the same messages that William Devane uses at 2 am to sell gold coins to the Fox News "fell asleep in front of the TV" crowd. [1] It's all going to crash, this time it's different, buy my unproductive (or in Bitcoin's case, net negative productivity) asset. Generally structured as gish gallop to justify their preconceived notions of structural and societal collapse - and only they can save you, with this one weird trick. [1] https://www.youtube.com/watch?v=VVcdvT09qr4 https://www.youtube.com/watch?v=VVcdvT09qr4

paulpauper 5y ago
I'm way more bullish on big tech than bitcoin. MSFT and Google are always making news highs, bitcoin is 40% off highs.
- arcticbull 5y ago
  Indeed, because they are productive businesses with revenues, cash flows, assets and most importantly, growth. Folks point to GOOG growing from $800/share 5 years ago to $2800/share today (3.5X roughly) as a sign of inflation, when of course their price to sales ratio has remained roughly constant (some delta for lower interest rates, higher leverage, cyclical trends, etc) and their revenues have grown and continue to grow exponentially. Up almost 3X since 2017. [1] [1] https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/price-sales https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/pri...
jerry1979 5y ago
I thought this article provided a fairly short and reasonable macro view on the United States equity market and its financial relationship with the rest of the world. I understand that Lyn Alden has favorable views on Bitcoin, but I didn't notice any mention of crypto or bitcoin in this article. Was there something about her analysis in this article that you felt led readers astray? edit I see that she included btc price in the overview next to oil and the 10-yr info.
- paulpauper 5y ago
  She is being paid to promote a service, Swan Bitcoin. " swanbitcoin.com/alden/"

paulpauper 5y ago

I'm way more bullish on big tech than bitcoin. MSFT and Google are always making news highs, bitcoin is 40% off highs.

arcticbull 5y ago
Indeed, because they are productive businesses with revenues, cash flows, assets and most importantly, growth. Folks point to GOOG growing from $800/share 5 years ago to $2800/share today (3.5X roughly) as a sign of inflation, when of course their price to sales ratio has remained roughly constant (some delta for lower interest rates, higher leverage, cyclical trends, etc) and their revenues have grown and continue to grow exponentially. Up almost 3X since 2017. [1] [1] https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/price-sales https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/pri...

jerry1979 5y ago

I thought this article provided a fairly short and reasonable macro view on the United States equity market and its financial relationship with the rest of the world. I understand that Lyn Alden has favorable views on Bitcoin, but I didn't notice any mention of crypto or bitcoin in this article. Was there something about her analysis in this article that you felt led readers astray? edit I see that she included btc price in the overview next to oil and the 10-yr info.

paulpauper 5y ago
She is being paid to promote a service, Swan Bitcoin. " swanbitcoin.com/alden/"