Is it Y2k, Dot Com Burst, GFS….or are we getting closer and closer to the Great Depression?
War - Tick,
Automobile driven Bubble - Tick,
Pyramid Schemes - Tick,
Political Chaos - Tick…..
Debt, debt and a mountain of debt everywhere and coming to refinance at a more realistic valuation and sky high interest rate…Tick
Shadow Banking and regular banking whose books are artificially inflated by pick a number valuation….tick
new Economy vs Old Economy - Tick….
Federal Reserve….what Federal Reserve …?…..when the heads of the most powerful printing presses of the world are run by lawyers ….
Looks like we can go on and on and on….but one thing that is making it closer to the end of what ever we gotten used to in the capital market is Bloomberg TV…Beginning the new era with Technology and Disruptions of old economy paved the way for Bloomberg finally planting its presence in Silicon Valley with mega coverage of anything and everything Technology and the dawn of new era…..till NOW…..suddenly the program got a couple of run of the mill anchors replacing the founding Anchor…and the holidays saw the absence of it altogether with some meaningless programs……and on top of that during the prime trading hours Balance of Power - a Fox look alike program more political that capital market stretched its already boring hour to TWO….hopefully it is the holiday yawn and the British leadership running the boat taking their journey to the King’s land for the merry holidays….
Is 2023 here yet?
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