Originally Posted by
Uninteresting
likely we’ll never know as his internet will have been turned off when he gets wiped out.
Alan Greenspan first mentioned “irrational exuberance in 1997, a full 3 years before the downturn. Nowhere near the black swans today that existed back then. I’d be Uber careful about listening to this charlatan. you know, the people who say one thing, but do the opposite.
Except the black swan was covid and they fired the money bazooka. Now it's over and there isn't enough money to keep prices at these insane levels.
We're gonna slide back to 2014 prices and the big 25-35 trillion dollar bazooka will be fired after the privatize SS and dismantle the welfare state.
Promise this isn't rocket science, but most people don't realize that money is loaned into existence. High rates, less money... We're already the coyote off the cliff and people will bid it up much higher until the banking system implodes again.
It's gravity. Business cycle is real.
Cheers