tag:blogger.com,1999:blog-8078379512095504946.post3960259508249463092..comments2024-03-26T06:17:49.527-07:00Comments on Had Enough Therapy?: On the Verge of Economic CollapseStuart Schneidermanhttp://www.blogger.com/profile/12784043736879991769noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8078379512095504946.post-22386732554802550142021-01-06T19:31:10.524-08:002021-01-06T19:31:10.524-08:00I agree everything is overvalued, propped up by ea...I agree everything is overvalued, propped up by easy money. I thought that before covid-19. If you didn't sell everything in March 2020, this looks like a good time.<br /><br />Did you see Tesla share values? $94/share 1 year ago, $756 today, 8x increase! Musk's 170 million shares went from $16B to $128B! He could sell 75%, extract $96B and still have $32B left to do whatever bubble stock does.<br /><br />What would you do with $96B cash on the brink of economic collapse? Maybe go to Mars and start a new Libertarian society of 1 million settlers, based on freedom of choice, individualism and voluntary association in a land where you have to pay for your daily oxygen and radiation pills where "The Company" owns the supplies.Ares Olympushttps://www.blogger.com/profile/09726811306826601686noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-70794312331246040322021-01-06T16:11:09.186-08:002021-01-06T16:11:09.186-08:00110,000 thousand restaurants did not close permane...110,000 thousand restaurants did not close permanently due to Covid19 but due to state and local governments issuing unconstitutional shutdown orders - after declaring them 'non-essentials'. The socialists pushing this are quite happy with the resulting destruction. They can make even more people dependent upon, and subservient to, government. And tell the children how capitalism failed, but 'we're all in this together' for decades. Fredrickhttps://www.blogger.com/profile/08574586401709392348noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-44939515244176407532021-01-06T13:37:49.961-08:002021-01-06T13:37:49.961-08:00@trigger warning
How true. With your permission,...@trigger warning<br /><br />How true. With your permission, I'm going to cite (with full credit) your analogy elsewhere. <br /><br /><br />@David Foster<br /><br />Yes, people have to live somewhere, but they also have to be able to pay the rent or mortgage. If large enough numbers can't (especially if given amnesty by leftwing state and local governments) those places in the middle might take hits as well.370H55Vnoreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-20538984091051477072021-01-06T13:31:47.398-08:002021-01-06T13:31:47.398-08:00"Multifamily will take a haircut but survive&..."Multifamily will take a haircut but survive"....big difference between apartment buildings in NYC or SF area and those in Sunbelt and other areas that people are moving *to* rather than *from..*<br /><br />People have to live somewhere.David Fosterhttps://www.blogger.com/profile/15464681514800720063noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-81533448745824675602021-01-06T11:36:04.329-08:002021-01-06T11:36:04.329-08:00Hard to tell whether the bull market will decide t...Hard to tell whether the bull market will decide to switch precipitously into a nasty bear market or simply grind down slowly over a decade or so as in the 70's. Either way, it is not likely to be pretty.<br /><br />What happens to our society when what's left of the middle class finds out their 401 K's are not nearly what they were assumed to be after the market corrects?jmod46https://www.blogger.com/profile/02727446883638344885noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-37888342701918411402021-01-06T09:49:38.009-08:002021-01-06T09:49:38.009-08:00Covid-19.1.2.3.4.5.6.7.8.9.10 is EVERYWHEREeeeeeee...Covid-19.1.2.3.4.5.6.7.8.9.10 is EVERYWHEREeeeeeeeeeeeeee. We're all gonna DIEeeeeeee.<br />Or maybe not all of us.Sam L.https://www.blogger.com/profile/00996809377798862214noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-86706206586783017042021-01-06T06:45:57.918-08:002021-01-06T06:45:57.918-08:00Midwest Chicago indicator: Macy's has just an...Midwest Chicago indicator: Macy's has just announced they are closing their flagship store on North Michigan Ave at the Water Tower.<br /><br />“After careful consideration, Macy’s has decided to close our Water Tower Place location,” Macy’s said in a statement. “This closure is part of the company’s strategy to right-size its store fleet, announced in early 2020. The decision to close a store is always a difficult one, and Macy’s Water Tower Place has been honored to serve its customers on the Magnificent Mile for 45 years.”ga6https://www.blogger.com/profile/06995898324916115728noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-7572873520473759162021-01-06T05:54:07.629-08:002021-01-06T05:54:07.629-08:00No court, anywhere in the country, has looked at t...No court, anywhere in the country, has looked at the evidence. They've all rejected the suits based on legal cop-outs like "standing" or procedural deficiencies, never on the merits of the charges.jabrwokhttps://www.blogger.com/profile/14537636497352864636noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-29039146227260418872021-01-06T05:38:46.126-08:002021-01-06T05:38:46.126-08:00I object to the term "bubble" used in th...I object to the term "bubble" used in this context. I think the term "exploding cigar" captures the moment much better.trigger warningnoreply@blogger.com