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Physical bulbs no longer changed hands, but contracts to buy...#economy ...
Are NFTs Worth the Hype – The Truth About NFTs
Maybe it’s a sign that there is something very broken in the system. In this era of meme investing, many ordinary investors are buying digital assets and cryptocurrencies not necessarily because they believe in the underlying value of what they’re buying
by Don G. |1/15/2022| Historically, economies measured the creation of value based on trading labor. In modern times a machine drives labor and its purpose is output to the market, our financial system, to generate what the financial industry calls wealth. Maybe it’s a sign that there is something very broken in the system. In this era of meme investing, many ordinary investors are buying…
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Bad Investment
Did you guys hear the name ”South Sea Company”? If not, it was established in 1711 to consolidate and reduce the cost of ”National Debt”. British govt gave this company a monopoly over all the businesses in South America. Anyway, this company went on to create one of the first market bubbles in history. On its heyday, most of the British aristocrats to the peasants invested their money in this…
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Two market bubbles stand out from the late 1990s. One: Technology stocks that were supposed to make everyone a zillionaire. The other: A series of mass-produced stuffed animals priced at $5 each. Odd Lots hosts Joe Weisenthal and Tracy Alloway speak with Zac Bissonnette, author of "The Great Beanie Baby Bubble: Mass Delusion and the Dark Side of Cute," to figure out exactly what made millions of people believe that these plush cuties were destined to soar in value. We dive into the psychology be
Two market bubbles stand out from the late 1990s. One: Technology stocks that were supposed to make everyone a zillionaire. The other: A series of mass-produced stuffed animals priced at $5 each. Odd Lots hosts Joe Weisenthal and Tracy Alloway speak with Zac Bissonnette, author of "The Great Beanie Baby Bubble: Mass Delusion and the Dark Side of Cute," to figure out exactly what made millions of people believe that these plush cuties were destined to soar in value. We dive into the psychology behind one of the weirdest speculative manias of all time and draw a connection with the dotcom bubble.
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