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Market is rallying cause there is too much money chasing too few assets. PE ratios will not drop significantly baring catastrophe and then financial contagion.
by fullshark 11mo ago
Market is rallying cause there is too much money chasing too few assets. PE ratios will not drop significantly baring catastrophe and then financial contagion. After that happens the money printer is turned back on and then...
- andrepd 11mo agoI don't see a way out besides massive reconfiguration. We've been living in this world since 2008 and the train shows no signs of stopping, only speeding up.
- cjbgkagh 11mo agoThere is no natural limit to insanity
- robocat 11mo agoThe natural limit to insanity is death. (Unless your definitions of words are very different from mine).
- cjbgkagh 11mo agoI would consider death the asymptote, the divide by zero, dead things have no sanity. I think there is a reversion to the mean bias, or this idea that we’re in post history era, or some other governing factors will kick in. Once out of a local minima things can become quite unmoored quite quickly. "Hey Friend Listen, I know things in the world are scary right now... But It's gonna get way worse"
- underlipton 11mo ago>besides massive reconfiguration Why contain it?
- underlipton 11mo agoAnd there is too much money chasing too few assets because capital is over-concentrated (which, to be fair, was the point of money-printing; shoring up over-leveraged entities on the bad side of a given trade so that they wouldn't have to gasp close their positions and diffuse that wealth across their counter-parties.)