NASDAQ will be absolutely massacred in the morning
As someone without a home, I am uncomfortable with how happy I am about this news
I’ve felt like since they perhaps prematurely mass printed cash early in the pandemic, there’s been an absurd amount of capital that’s been incorrectly allocated
Most misallocated capital from my perspective was funnelled into the rent->landlord->real-estate value pipeline (especially for supply-choked Australia and Canada)
I do also think some stocks have been grossly overvalued, for example, NVIDIA’s stock price; CUDA is objectively not worth $2 TRILLION
Perhaps in the future 2020-2025+ will be taught in economics for the ills of speculation. Money should not be too uncoupled from utility. Things like credit are important to keep capital flowing, but there needs to be much more scrutiny into assets inflating beyond what utility they can possibly provide long term
It’s almost like every market, all at once, has been caught in a bubble
Our much needed recession is here. I hope every inflated market is corrected accurately this time around
In some ways, the good times beget the bad, and the bad times beget the good
As someone without a home, I am uncomfortable with how happy I am about this news
I’ve felt like since they perhaps prematurely mass printed cash early in the pandemic, there’s been an absurd amount of capital that’s been incorrectly allocated
Most misallocated capital from my perspective was funnelled into the rent->landlord->real-estate value pipeline (especially for supply-choked Australia and Canada)
I do also think some stocks have been grossly overvalued, for example, NVIDIA’s stock price; CUDA is objectively not worth $2 TRILLION
Perhaps in the future 2020-2025+ will be taught in economics for the ills of speculation. Money should not be too uncoupled from utility. Things like credit are important to keep capital flowing, but there needs to be much more scrutiny into assets inflating beyond what utility they can possibly provide long term
It’s almost like every market, all at once, has been caught in a bubble
Our much needed recession is here. I hope every inflated market is corrected accurately this time around
In some ways, the good times beget the bad, and the bad times beget the good