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Seems like the elephant in the room across the board in this market, whether you're talking about Netflix, Coinbase or anything else, is that we haven't seen in
by zmmmmm 4y ago
Seems like the elephant in the room across the board in this market, whether you're talking about Netflix, Coinbase or anything else, is that we haven't seen inflation out of control for 30+ years and now here it is. An entire generation are now adults or even into middle age who never experienced it before. Most especially, never experienced how difficult it can be to control because it is such a self-reinforcing phenomenon.
I have no idea if this is going to turn out to be the protracted downturn or again something we bounce back from. But there is definitely at least something different in the equation now that we have not seen for a long time.
I'm generally an optimist, but I'd say if people are buying this dip, at least do it with your eyes open and buy it slowly and steadily, being prepared that it could be a 5-10year recovery period.