Why is this the biggest bubble? "Because it encompasses not just stocks but pretty much every other financial asset too. And for that, you may thank the Federal Reserve," writes Richard Cookson for bloombergopinion. The fallout from a Fed that has encouraged investors into buying horribly overpriced assets will be every bit as difficult as coming off the gold standard in the early 1970s or tackling runaway inflation in the early 1980s. By coming to the rescue every time in the manner it did, the Federal Reserve created the conditions for the current bubble — and the next crisis. Cookson believes we’ll find out how much of a hole the Fed has dug for itself soon. Tap the link in our bio to find out exactly when he thinks the bubble will burst.
With the Covid-19 crisis still raging in the U.S., some big advertisers have chosen to sit out Super Bowl LV: 🍻Budweiser 🥤Pepsi 🚗Hyundai 🥑Avocados From Mexico https://t.co/wiCxTga9MT
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Millennials are quickly becoming a dominant force in high-end real estate. They represent 38% of home buyers in the U.S.—the largest share, according to a survey by the National Association of Realtors. Breaking from the notion of a “starter home” that older generations embraced, "they just waited longer to buy their first one,” said Bradley Nelson, chief marketing officer of Sotheby’s International Realty. And wealthy millennials are going big. Tap the link in our bio for more.
By the end of this decade, more than 80% of all vehicles sold by Porsche will be electric, CEO Oliver Blume said https://t.co/ZeeZ51ZoER
It’s bigger than GameStop. Former President Trump’s 1997 book “The Art of the Comeback” is now selling for $900 on Amazon. It sold for $25.95 at the time of its release. That’s a 3,300% profit it you have a copy to sell. The book, published by Times Books-Random House and long out of print, is being hawked by third-party sellers and was still easily available for a mere $28.56 in October 2016. Even as late as August 2020, the book could be purchased on Amazon for about 50 bucks. Go to the link in our bio for more on this story.
Dogecoin, the Shiba Inu-themed digital coin, is surging again and approaching its all-time high after a crash last week sparked an outcry on Reddit https://t.co/y2ynvvAKlJ
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