The Everything Bubble

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The Market Can Stay Irrational Longer Than You Can Stay Solvent.
It’s important to remember that as (on the surface) everything looks to be getting a little bit stupid.
Consumer dependent businesses are celebrating record layoffs which are reducing consumer incomes…
Seemingly nobody can afford to buy a home, but across the world they are getting more expensive.
Companies are burning trillions of dollars on a market showing little sign of return
And yet despite all of this the markets keep chugging along.
But looking behind the scenes can make it clear, that… when everything is a crisis… nothing is…