Who here feels that current market valuations are in line with reality? Tesla was briefly worth more than GM and has shipped almost 0 model 3s. Amazon selling for close to $1500 a share. People were reverse mortgaging their houses to buy bitcoin.
Yet, at the same time, more and more people are falling behind on car payments and have racked up 1.5 trillion dollars in unpaid student loan debt.
My thought: as soon as the fed hikes interest rates, a lot of this investment money is going to go poof, freak people the fuck out like it did in 2008, and the whole thing falls flat on its face, like it does every time it seems too good to be true.
Yet, at the same time, more and more people are falling behind on car payments and have racked up 1.5 trillion dollars in unpaid student loan debt.
My thought: as soon as the fed hikes interest rates, a lot of this investment money is going to go poof, freak people the fuck out like it did in 2008, and the whole thing falls flat on its face, like it does every time it seems too good to be true.
Why do people just post what they are thinking? Without thinking.
2012 Ford Mustang
1995 BMW 540i/A
1990 Eagle Talon TSI AWD
2012 Ford Mustang
1995 BMW 540i/A
1990 Eagle Talon TSI AWD