Hendrik_2000
Lieutenant General
It also mean the economy is not robust enough and eventually companies does not make money when economy is in doldrum. With it profit and share of the company will go down.
American Economics Thread
- Thread starter Bernard
- Start date
Lifeline of economy is brrr anyway.
I been using Google Flights search forever and literally they just added this... I guess between perpetual vax cards with neverending 6 months booster requirements and the soon to be individual carbon caps (in at least six US states you cannot buy Dell gaming PC anymore even if you have money because it uses too much power/energy etc and for people who want to build their own PC as you know the gpu prices are still 3X MSRP in the scrapler aftermarket) this will dramatically suppress if not cut down altogether all forms of "non-essential" vacation/tourism travel/flights ... right now the Google carbon nag is 'informational' only but it won't be long before you won't be able to purchase a ticket (even if you have the funds) because you exceeded your carbon cap for the year etc...
Next up: Eating fake vegan meat, and getting booster shots every six month to maintain "green" status on the vax QR card or embedded biochip!
Soros New World Order is Clamping down.... As THEY said, you will own nothing, be able to go nowhere, have no privacy, and be happy.
When Xi ramps up Dual Circulation and the supply chain in US totally breaks down I'm guessing they will still be blaming it on the Nth new COVID variant and also strictly enforce "green vax card" status (as a form of artificial demand destruction) and carbon quota caps to explain away the new situation of Americans having to start living within their means
Carbon tax goes brrrrr
Goodbye 401k, what good is money going to do you when you get hit by the carbon ceiling first
As they taper, the stock market will crumble, while bitcoin will surge. This is a good time to mine for bitcoin.
Ethereum (ETH) is booming though given the booming NFT market whilst BTC is moving sideways
I get that NFTs is like a good way for things like a land/house deed, but I don't get people flipping jpegs maybe i'm too much of a 90s kiddy to understand it.
It's truly Tulip-mania 2.0
Ironically, a NFT of a tulip actually did fetch a fair chunk of change:
Ppl are really investing in it for the expectation that it will be bid higher, so you have a bubble going on in the crypto market as you do in the regular stock market as well. Having said that, ETH is the crypto which does appear to have more utility over the others, especially when ETH 2.0 comes out.
jpeg NFTs really sounds like tomorrows bigger fool coming to fruition.
I do have quiet some money in different projects and chains not because I believe in the ideology that seems like some form of anarcho capitalism surrounding crypto, but more because I don't see any thing that offer 5~12% yearly returns like those staking chains. I just buy the dips with savings I don't need and see a nice yearly return vs seeing my savings evaporate because of rampant inflation in the west.
All these NFTs, cryptocoins etc are basically gambling.
The super rich people, maybe buy some of these for meme purposes or for the fun. However their vast majority of their wealth is stored in safe wealth assets.
One example is in Warren Buffett's Berkshire Hathaway. If you are super rich, thats where you put your money, go to sleep, come back after 40 years and have your money safe and with a healthy return yields
PiSigma
"the engineer"
Berkshire Hathaway haven't been doing that well. I own a couple of shares and they have not beaten most of my other stocks/ETFs. It's good if you are ready to retire and want it as a safe haven