Loading ...The economy is now crashing upwards. There hasn’t even been fake growth since 2014 and the entire climb of the stock market is due to multiple expansion. Tesla’s sales actually declined YOY, only rescued by fake reporting of cars supposedly paid for with checks. Yet the stock has added an entire BMW of market cap in three weeks.
Twenty somethings can only look to a bright future of living in 80sq ft pods while working for a Megacap in San Francisco while dodging needles and shit walking to work.
Sure, that’s the greatest economy ever.=
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BRIDGEWATER’S PRINCE=As a reminder, in 2018 cash ended up being the best performing assets. And with Bridgewater now claiming that “this time is totally different”, will 2020 be another painful repeat of 2018?
The market is in the process of going parabolic, what do you think is likely to be the outcome?!
We all know anytime a billionaire tells you something on live TV you will almost always profit by doing the opposite.
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This story was already written about 100 years ago:
“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises