Swaglord the realest 123 wrote:
Stocks don’t necessarily go up during rampant inflation because of demand issues.
Stocks only go up
Swaglord the realest 123 wrote:
Stocks don’t necessarily go up during rampant inflation because of demand issues.
Stocks only go up
M@serati wrote:
Come on Igy, you can do more than just make unsupported judgments.
No, he can’t.
My hot takes of the day:
1) Stocks only go up.
2) Primary driver of the labor shortage is too many horesh!t companies that should have gone out of business years ago have been allowed to stay afloat through low interest rates and easy money. You can print money to offset the loss of efficiency but you can't create more laborers fast enough.
The bell tolls for the Troll:
https://pbs.twimg.com/media/FDHWJVVX0AE2DJA?format=png&name=medium
Swaglord the realest 123 wrote:
Ghost of Igloi wrote:
In the aftermath of the coming financial crisis historians may point to the crypto craze as the trigger that saw $Trillions wiped out in something of zero value, prone to manipulation, and with little regulation or protection for the naive. Compounding loses in overvalued stocks, bonds, and real estate, as fear of losses, and collapse of wild eyed assumptions, drives cash to become preferred asset class.
Inflation increases. Stocks don’t necessarily go up during rampant inflation because of demand issues. Fed can’t raise rates too much/fast. Gov prints more money to give to low/mid class. Bonds return nothing. Gold who cares, too high carrying costs.
Where do the people put their money to protect against rabid inflation? Bitcoin.
Inflection point reached, the crowd rushes to get in.
Iggy stays HODL in Hussmann and gets -10%/year return against the -20%/year USD.
😷
Ghost of Igloi wrote:
https://www.ft.com/content/8b3f9d33-974a-4b52-b237-e17e0283550a
side note to this...
one reason inflation is surging is....that wages for the lower quintile of earners are going up quite a bit. And when the lowest quintile of earners gets income...they spend it right away. So there is a big demand surge, which we're seeing resulting in inflation.
When congress gives tax breaks to the top quintiles, or if the incomes of the top quintile go up...it doesn't affect demand much because they just save the money. So no demand surge, no inflation.
So much of this inflation surge is actually good news - poor people are seeing bigger paychecks. We can all be glad about that.
Ghost of Igloi wrote:
The bell tolls for the Troll:
https://pbs.twimg.com/media/FDHWJVVX0AE2DJA?format=png&name=medium
I once read a book titled, “How to Lie with Statistics”. I think Hussman read the same book.
Face the fax wrote:
Ghost of Igloi wrote:
The bell tolls for the Troll:
https://pbs.twimg.com/media/FDHWJVVX0AE2DJA?format=png&name=mediumI once read a book titled, “How to Lie with Statistics”. I think Hussman read the same book.
Shiller too:
https://www.multpl.com/shiller-peFace the fax wrote:
Ghost of Igloi wrote:
The bell tolls for the Troll:
https://pbs.twimg.com/media/FDHWJVVX0AE2DJA?format=png&name=mediumI once read a book titled, “How to Lie with Statistics”. I think Hussman read the same book.
Oh no, Buffett too:
https://www.currentmarketvaluation.com/models/buffett-indicator.phpStupid Troll😷
Some Mores for the Troll…..
https://twitter.com/michaeljburry/status/1459018792105701376?s=20
More for the Troll:
https://twitter.com/NorthmanTrader/status/1459095587849183251
How’s Bitcoin working as an inflation hedge?
Ghost of Igloi wrote:
How’s Bitcoin working as an inflation hedge?
Great so far, thanks.
Am watching TSLA again.
Good to see some strength going into the weekend, esp in Nasdaq.
IDK why, but I felt that today was psychologically important for the markets to have a good showing, especially tech.
Maseratl wrote:
Good to see some strength going into the weekend, esp in Nasdaq.
IDK why, but I felt that today was psychologically important for the markets to have a good showing, especially tech.
Just dropping in to express something along the same lines.
At less than half a percent off my ATH in my heavily tech waited portfolio, I can safely say that life in my bubble of misguided, blind, exuberant optimism has been extended yet another day.
I know this has only gone on for a decade or so, thanks to the Fed and other players, but the size, severity, and duration of the ensuing crash will make us all wonder, 'what exactly were we thinking?'
Take pity on my position, those that know better, for we know not what we have done (or are doing).
Inflation expectations have moderated, at least for today.😹
This is cool, but if it's an inverse of ARKK then can't you just short ARKK? If you short SARK then you are essentially buying ARKK? LoL.
So I'm pretty heavily invested in crypto, but to be honest I have no idea why it's worth so much. What's the difference between a $9,000 BTC a year ago and a $65,000 BTC today? Simply supply and demand? What about all the coins that have no supply cap? Why are they worth so much?