3 ms·
"Completely detached from reality" we used to call it. But where is the money coming from? Is it because we abolished the idea of competition, they never suffer
by immibis 1y ago
"Completely detached from reality" we used to call it. But where is the money coming from? Is it because we abolished the idea of competition, they never suffer negative impacts of bad decisions any more?
- Libidinalecon 1y agoWe are in a bad situation. Some of our biggest and best companies went from being "capex lite" to "capex light money on fire" and caused a capex light money on fire social contagion. The money is from debt financing. Things are bad and we don't even know who is completely full of shit because we are still at high tide.