4 ms·
Less: "its a bubble" More: "labor market and consumer spending is less meaningful than ever before" The masses are unable to truly internalize the latter.
by YinglingHeavy 7mo ago
Less: "its a bubble"
More: "labor market and consumer spending is less meaningful than ever before"
The masses are unable to truly internalize the latter.
- AngryData 7mo agoLess meaningful, or less represented? If you sell your foundation out beneath yourself, the entire structure might come down. No matter how valuable it is to sell that rebar out of the concrete now, or how many additions that money allows you to add on top, it is likely not a sound strategy long term.
- ludicrousdispla 7mo agoI recently learned that in the US there are now more private equity/VC funds than there are McDonald's locations, which may indicate that the majority of consumer spending is irrelevant to the top 'n'% https://www.thedailyupside.com/advisor/investing-strategies/there-are-now-more-pe-funds-than-mcdonalds-franchises-whats-behind-the-alts-explosion/ https://www.thedailyupside.com/advisor/investing-strategies/...
- SlinkyOnStairs 7mo agoThose are two separate things that reinforce eachother. Having high amount of spending come from the asset wealth is by itself not immediately a problem. Having a bubble is by itself not immediately a problem. It's the combination of the two that's dangerous.