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I find it more interesting few seem able to recall what happened the year prior in 2007. Recall the elevated marketing hype from those trimming portfolios know

I find it more interesting few seem able to recall what happened the year prior in 2007. Recall the elevated marketing hype from those trimming portfolios knowing full well what was happening. What I see is a short term 30% sales bump in real-estate (ratio of debts in negative amortization) as the amateur tries to find inflationary shelters after getting disappointed by laggard bond markets. Kind of reminds one of giving sugar-cubes to raccoons... knowing they wash their food in water as habit. Rule #9: if people start answering odd questions you didn't ask, than one probably should be extra cautious. My bag of popcorn is ready. =)

fijiaarone 4y ago
Stop shining that light in my eyes.
meltyness 4y ago
Where's the "occupy movement"? Where's the "CHAZ/CHOP" of 2023? What about "hope"? Are netizens signing up for exorbitantly expensive new services on a widespread basis? If individuals aren't being "excessively enriched" by conditions it's unlikely to become another spectacular market wide blow-up. Social causes are a proxy for froth. A short Friday memo probably isn't. Exuberance is in the hands of price gougers right now, and even that's mostly confined to California,... and eggs. Sure we're back to "grocery delivery" (which marked the height of the .com bubble) but it's the biggest players involved, the technology is practically free these days, and the immunocompromised benefit!
- sangnoir 4y ago
  > Where's the "occupy movement"? Where's the "CHAZ/CHOP" of 2023? We have Doge and memestocks as movements for the "common man" that are preemptively subveted.
  - meltyness 4y ago
    Crypto is diffuse and not very many people. Fewer than 2M bitcoin wallets contain $28K, a median family's worth of savings / 4 checking accounts. That's not even a whole city's worth of people "demonstrating", and it's a global thing. It's a quarter of the speculative value of AAPL. It's also concurrent and passive. Very few people have dropped everything to do the crypto influencer dance, and now influencer+crypto is seeing SEC crackdowns. Crypto is at most slacktivism right now. Nothing like BLM, MAGA, which are no doubt viewed by powerful economic planners as wasteful.

fijiaarone 4y ago

Stop shining that light in my eyes.

meltyness 4y ago

Where's the "occupy movement"? Where's the "CHAZ/CHOP" of 2023? What about "hope"? Are netizens signing up for exorbitantly expensive new services on a widespread basis? If individuals aren't being "excessively enriched" by conditions it's unlikely to become another spectacular market wide blow-up. Social causes are a proxy for froth. A short Friday memo probably isn't. Exuberance is in the hands of price gougers right now, and even that's mostly confined to California,... and eggs. Sure we're back to "grocery delivery" (which marked the height of the .com bubble) but it's the biggest players involved, the technology is practically free these days, and the immunocompromised benefit!

sangnoir 4y ago
> Where's the "occupy movement"? Where's the "CHAZ/CHOP" of 2023? We have Doge and memestocks as movements for the "common man" that are preemptively subveted.
- meltyness 4y ago
  Crypto is diffuse and not very many people. Fewer than 2M bitcoin wallets contain $28K, a median family's worth of savings / 4 checking accounts. That's not even a whole city's worth of people "demonstrating", and it's a global thing. It's a quarter of the speculative value of AAPL. It's also concurrent and passive. Very few people have dropped everything to do the crypto influencer dance, and now influencer+crypto is seeing SEC crackdowns. Crypto is at most slacktivism right now. Nothing like BLM, MAGA, which are no doubt viewed by powerful economic planners as wasteful.