

Ed Zitron is now predicting an earth-shattering bubble pop: https://www.wheresyoured.at/dot-com-bubble/ so in other words just another weekday.
Even if this was just like the dot com bubble, things would be absolutely fucking catastrophic — the NASDAQ dropped 78% from its peak in March 2000 — but due to the incredible ignorance of both the private and public power brokers of the tech industry, I expect consequences that range from calamitous to catastrophic, dependent almost entirely on how long the bubble takes to burst, and how willing the SEC is to greenlight an IPO.
I am someone who does not understand the economy. Both in that it’s behaved irrationally for my entire life, and in that I have better things to do than learn how stonks work. So I have no idea how credible this is.
But it feels credible to the lizard brain part of me y’know? The market crashed a lot during covid, and an economy propped up by nvidia cards feels… worse.
Personally speaking: part of me is really tempted to take a bunch of my stonks to pay down most of my mortgage so it doesn’t act like an albatross around my neck (I mean I’m also going to try moving abroad again in a year or two and would prefer not to be underwater on my fantastically expensive silicon valley house at that time lol).




That’s exactly what I mean when I say I don’t understand the stock market.
Like… how is Tesla stock a thing? I don’t understand it.