Jamin, I like Peter Schiff but this was 2006. Now listen to his views on crypto in 2021-2022.
Jamin, I like Peter Schiff but this was 2006. Now listen to his views on crypto in 2021-2022.
Shtcoins day in & day out wrote:
Ex L wrote:
You know, in the movie they did not short housing prices.
They shorted the banks.
So what should be shorted now?
Coinbase stock (COIN)
Grayscale Bitcoin Trust (GBTC)
Microstrategy (MSTR)
all of crypto, except in an unregulated market too dangerous
Sure they might short crypto, but that wouldn't cause a housing crash. Almost no one is paying their mortgage by selling bitcoin for a living.
Bush and the Republicans could'nt get out DC fast enough. Economy was near depression.
They handed Obama a bag of doo-doo to clean up.
Real estate, not housing. The people who drove the bubble aren't living in their properties. When it crashes, they'll deserve their losses.
There was trend of people moving away from the city to the suburbs or out of state in hopes of remote work being a permanent mainstay. But if employers are enforcing office hours, which they are now, that could be quite a predicament for the newer home owner.
Jamin - Maybe pick up Liars Poker. Still my favorite Michael Lewis book.
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