Von Greyerz: The Icarus Wax Of The Everything Bubble Is Melting
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
But weirdly, and irrationally, bubbles pop anyway. At long last, the moment you’ve been hoping for has arrived: you’re pitching your screenplay to a producer. Your agent is cautious but you’re confident nobody else has concocted a story as outlandish as yours. Your agent gives you the nod and you’re off and running: Writer: Two guys start a cryptocurrency as a joke to parody the crypto craze, and they name it KittyCoin. It goes nowhere but then the greatest speculative bubble of all time takes off, it’s the dot-com and housing bubble times 100 but in everything, and within a couple...
But weirdly, and irrationally, bubbles pop anyway. At long last, the moment you've been hoping for has arrived: you're pitching your screenplay to a producer. Your agent is cautious but you're confident nobody else has concocted a story as outlandish as yours. Your agent gives you the nod and you're off and running: Writer: Two guys start a cryptocurrency as a joke to parody the crypto craze, and they name it KittyCoin. It goes nowhere but then the greatest speculative bubble of all time takes off, it's the dot-com and housing bubble times 100 but in everything, and within a couple months th...
Tue, 27 Apr 2021 00:00 UTC Real estate, bond, and stock markets are now in massive bubbles and all signs are pointing to a reckoning in all overly inflated assets. Homebuyers, investors, and the Federal Reserve have been fueling an unprecedented market mania, pouring more and more cash into overvalued investments. However, the frantic rally seems to be losing steam, and today we brought several evidences that indicate we're about to see a simultaneous explosion of epic proportions. The Everything Bubble is a phenomenon that resulted from the simultaneous expansion of the amount of money made...
Source: Jeremy Norman – HistoryofInformation.com The Black Plague had a lasting socioeconomic impact; for example, towns and cities emptied, and the sudden reduction in the labour force saw wages rise. Meanwhile attitudes towards death – and life – changed. The Latin phrase, carpe diem, quam minimum credula postero – seize the day, place no trust in tomorrow – epitomised this profound shift in attitudes. The current pandemic, whilst utterly tragic, has been far less catastrophic, but due to the policy response it too appears destined to leave its mark in changing patterns of livi...