- 18 May 2022 21:11
#15228123
Stock markets and Crypto have tanked hard for awhile now, with "NFTs" and the "stablecoin" Luna having lost close to 100% of their value in many cases.
I remember when I thought I was cool to have made like 25% in a year and some crypto kids were laughing in my faces, wearing sunglasses indoors to try and hide how high they were, talking about how they had made a million bucks in the last year. They're probably not laughing now, it seems like the bill is finally coming due.
I've thought of myself as a good investor, having stayed away from crypto, meme stocks and so-on and still done fairly well but even commodities have dropped hard recently as they got over-invested into as a safe haven. I personally was almost entirely into commodities so when those tanked I lost a lot, although still fairing better than the crypto kids.
I saw an article recently which claimed that a box of chicken wings will be over $30 before this is over. Where are all the guys who said that printing money would not cause economic instability or inflation now? Because it's pretty much international at this point. There is no country, no asset class, no form of investment that hasn't suffered over this.
I remember when I thought I was cool to have made like 25% in a year and some crypto kids were laughing in my faces, wearing sunglasses indoors to try and hide how high they were, talking about how they had made a million bucks in the last year. They're probably not laughing now, it seems like the bill is finally coming due.
I've thought of myself as a good investor, having stayed away from crypto, meme stocks and so-on and still done fairly well but even commodities have dropped hard recently as they got over-invested into as a safe haven. I personally was almost entirely into commodities so when those tanked I lost a lot, although still fairing better than the crypto kids.
I saw an article recently which claimed that a box of chicken wings will be over $30 before this is over. Where are all the guys who said that printing money would not cause economic instability or inflation now? Because it's pretty much international at this point. There is no country, no asset class, no form of investment that hasn't suffered over this.
Lmao, I guarantee you no fund manager is driving an ETF based purely on spite. -- some guy out there actually believes this.