Their market cap went up $30bn off the back of a $4bn deal with a company that is bankrupt and unable to pay for the deal
Alongside that, the market cap of the big gig economy companies is around $200m. None of them make money and are reliant on cheap money being printed to keep their VC flowing.
Meanwhile, Bitcoin is at or around an all time high.
The next 10 years are gonna be some to remember! :doomjak:
It went up by more than $30bn. It went up by $60bn, or - by one entire Ford market cap. You know, Ford, the company that has much more revenue and is more profitable than Tesla.
The next 10 years are gonna be some to remember!
IMO, nothing will happen. If there is a big correction when it comes to these big stocks, then the Fed will step in and give them free money. And there will be no inflation as a result of that action, since the Fed will just be making sure that someone with $100 billion in wealth stays at $100 billion and doesn't drop down to $50 billion. They can literally do this forever.
They've been waving their magic economy wands even harder and more chaotically since 2008, and things seem to magically stay afloat. Any rational view of "the economy" (the stock market in this case, but one could have a very similar discussion about the real economy) would say that it will all topple down any minute now. Even a liberal economist is happy to say that a recession is part of a "healthy" economic cycle. Nevertheless, the house of cards is likely to grow even taller and make the fall even more violent and deadly for the most poor.
As long as the US can use its soft and hard power to bully everyone else in the world then yes it can keep going because the downsides can be mitigated away.
Their market cap went up $30bn off the back of a $4bn deal with a company that is bankrupt and unable to pay for the deal
Alongside that, the market cap of the big gig economy companies is around $200m. None of them make money and are reliant on cheap money being printed to keep their VC flowing.
Meanwhile, Bitcoin is at or around an all time high.
The next 10 years are gonna be some to remember! :doomjak:
It went up by more than $30bn. It went up by $60bn, or - by one entire Ford market cap. You know, Ford, the company that has much more revenue and is more profitable than Tesla.
IMO, nothing will happen. If there is a big correction when it comes to these big stocks, then the Fed will step in and give them free money. And there will be no inflation as a result of that action, since the Fed will just be making sure that someone with $100 billion in wealth stays at $100 billion and doesn't drop down to $50 billion. They can literally do this forever.
Atleast the tulip bulbs would eventually grow into tulips.
At some point something has to give. I think it'll be low intensity warfare with Nazis attacking critical infrastructure.
i'm already trying so hard to forget
The economy isn't real. It's a bunch of trust fund nerds getting high sniffing each others' farts
what company did they make a deal with?
Hertz
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Lmao I thought the url was calling him a square
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They've been waving their magic economy wands even harder and more chaotically since 2008, and things seem to magically stay afloat. Any rational view of "the economy" (the stock market in this case, but one could have a very similar discussion about the real economy) would say that it will all topple down any minute now. Even a liberal economist is happy to say that a recession is part of a "healthy" economic cycle. Nevertheless, the house of cards is likely to grow even taller and make the fall even more violent and deadly for the most poor.
As long as the US can use its soft and hard power to bully everyone else in the world then yes it can keep going because the downsides can be mitigated away.