> I'm worried that the seven companies that comprise 35% of the S&P 500 are headed for bankruptcy, as soon as someone makes them stop passing around the same $100b IOU while pretending it's in all their bank accounts at once.
What makes this author so convinced that these companies are headed for bankruptcy? Is it possible to bet on this claim? We can come back 2-3 years later to check if even one of them is bankrupt.
This kind of doomerism is strange and I'm concerned for people who fall for such obviously nonsensical takes. Why do people take this person seriously again?
What makes this author so convinced that these companies are headed for bankruptcy? Is it possible to bet on this claim? We can come back 2-3 years later to check if even one of them is bankrupt.
This kind of doomerism is strange and I'm concerned for people who fall for such obviously nonsensical takes. Why do people take this person seriously again?