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Showing content with the highest reputation on 08/27/2021 in all areas

  1. Maybe I'm older & wiser. Or, maybe I'm just sour & angrier. But today feels even more insane than March 2000. I mean, back then, at least you could participate in "The Internet changes everything!" thesis. Sure, "Bitcoin fixes that!" seems this cycle's specific "Internet changes everything!" received wisdom analogy. But there remained pockets of sanity back in March 2000: for example, you could still earn 6.39% in 10-year Treasuries the date the NASDAQ peaked. I ask: what is the comparable security today that offers any sensible return prospect at these prices?
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