RSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 2 days agoPeter Thiel sells off all Nvidia stock, stirring bubble fearswww.thestreet.comexternal-linkmessage-square5fedilinkarrow-up1111arrow-down11file-text
arrow-up1110arrow-down1external-linkPeter Thiel sells off all Nvidia stock, stirring bubble fearswww.thestreet.comRSS Bot@lemmy.bestiver.seMB to Hacker News@lemmy.bestiver.seEnglish · 2 days agomessage-square5fedilinkfile-text
minus-squareshalafi@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·edit-22 days agoY’all cheering for this crash are naive as hell. Yeah, it has to happen, better sooner than later, but it’s far too late to avoid global depression. Have a search for the Buffett Index. It’s the measure of total stock valuation vs. GDP. In 1929 it was around 130%. 2000 was 150%. 2006-07 was around 110%. 2021 hit over 200% for the first time. It’s at 230% today. None of us have lived a crash like what’s coming. https://www.currentmarketvaluation.com/models/buffett-indicator.php
Y’all cheering for this crash are naive as hell. Yeah, it has to happen, better sooner than later, but it’s far too late to avoid global depression.
Have a search for the Buffett Index. It’s the measure of total stock valuation vs. GDP.
In 1929 it was around 130%.
2000 was 150%.
2006-07 was around 110%.
2021 hit over 200% for the first time.
It’s at 230% today.
None of us have lived a crash like what’s coming.
https://www.currentmarketvaluation.com/models/buffett-indicator.php