Hoth

Lots of people may sadly end up leveraged and underwater at some point in the coming years. ...Or maybe we go full Wiemar and their two bedroom makes them paper trillionaires...

Fixed it for you.

It is crazy. And the Fed/Treasury know this, but have clearly backed themselves into a corner. Note how quickly Yellen reversed her comments about raising rates to combat inflation when the market dropped a measly 2% yesterday. The stock/credit/real estate markets have become so bubbly, and so much individual savings/wealth has been thrown into them and other nonsense like shitcoins, that they are now a significant risk to the economy if they falter. The Fed has no choice but to promise zero rates and more emergency QE even though the economy is growing at an almost unheard of rate and showing signs of overheating.

Pretty much. I wonder how many little guys get overexcited and dump their savings into one of these coins, only to get wrecked. I'd bet it's a surprising number.

He's just pumping like Gene Simmons and Marc Cuban so someone else can hold their bags.

Buy Guy Fieri says it's going to the moon!

Lol, the only thing mooning there is their float!

The price you pay for earning power is still ultimately the most important determinant in your long run return. People who chased the market in 1929 didn't recover their losses (if they actually resisted selling during a nearly 90% decline) until the 1960s. Buyers in 2000 took 16 years to break even. Most people are not that patient. If, on the other hand, you have the fortitude to buy in the midst of a significant crisis and can stomach being in the hole for a while, the market can do great things for you over the long run. You could have picked up Apple or Amazon for a couple bucks a share in 2002 or 2003. A relatively minor sum in either company then would've netted you a multi-hundred bagger.

I'd say we're somewhere in the delusion to new paradigm phase.

I got denied a virtual loan from a virtual mortgage broker because my virtual FICO sucks.

Titcoin is mooning. Is its price correlated to Cum Rocket?

I'm most curious about how crypto performs when the general market flush occurs. Based on March '20, I suspect that correlation goes to 1 and it gets hammered with everything else.

Look what happened to SPACS in consecutive quarters lol.

We'll see how the FOMO works out. I'm having plenty of fun staying poor and watching.

That's quite a leap on Cuban's part to assert that Doge, which was literally created as a joke and adds 14 million to its supply per day, may be a better store of value than dollars. I also don't understand why he commands such respect from investors. He quite simply got lucky. Broadcast.com had a few million in revenue a quarter when it was acquired near the peak of the Dot Com bubble for billions by Yahoo (which discontinued the service a couple years later). Obviously Cuban was smart enough to take such an obscene offer--he would have to be really stupid to reject the chance at becoming a multi-billionaire for offloading a small business--but let's not pretend he's a whiz because people were paying stupid multiples for anything internet-related in 1999.

Pages and pages of crypto posts on a weather board. No speculative froth in these markets lol.

It cracked me up when they IPOed and all the executives dumped most of their shares on day one. Really inspires confidence

What drives me most nuts about her is that she rails against Europe and the U.S., which are legitimately trying to derive more energy from clean sources, but is totally silent about China, which is by far the biggest source of emissions and is churning out coal plants like sausages.

I've got a good feeling about SCAM coin.

Im not sure cryptos really qualify as currencies, or at least efficient ones. High transaction costs, low liquidity, extremely volatile price swings. You want stability in a currency. You don't want to buy a car in Bitcoin, only to have its price shoot up $20k a month later. Or conversely, you wouldn't want to sell a car in Bitcoin and then watch its price drop $20k. These things are just mediums of wild speculation with only a thin veneer of underlying theory to provide legitimacy.

I dunno if it's still there, but the Bon Me in Kendall was awesome and well worth a visit. The Rachel at the Jewish deli next door was also life altering, but should be served with Lipitor on the side.

Elon is above the law. Although I'm not sure there is an explicit prohibition in regards to holding reserves in Bitcoin. I think for accounting purposes they are treated as a long-lived intangible asset. Buying billions of Bitcoin, then using your fame to pump the price, then dumping for a profit is definitely frowned upon for mere mortals. I'd also like to point out the hypocrisy of a guy who claims to care about the environment holding an asset with a carbon footprint bigger than a medium sized country.

I would've felt a lot better streaking at Middlebury had I known that was the law of the land. My girlfriend and I used to jog around town on a lark every so often. Oddly enjoyable hobby.

Ditto, steak tips and brews tonight. A beautiful evening.

and Hackleburg!