on a lighter, friendlier note, for the sake of the long positions we all might have, i think Greenspan should remove the tightening bias asap, or even lower rates, unless he deliberately wants to provoke another 1929-32 style crash and depression.
there's no need to exarcebate the current decline, which could get out of hands.
and if it's the tight job market and possible wage inflation that worries him, the real solution is to open the doors to immigration, let more workers enter the U.S.
i picture all these companies that were born these past 2 years as little turtles just hatching from their eggs that are rushing to the sea before the seagulls eat them alive.
some were just empty shells engineered by underwriters and VCs to profit from the stupidity of the masses, but others are real viable enterprises that will make it to the sea, survive and become huge companies some day.
the current environment, however, might drive them all to death.
that would be a terrible, irreparable, thing.
just to mention one example, i have no position in AMZN, but as i saw the online retailers like ETYS, BYND, EGGS, etc, go to zero during all this time, i always wondered what a terrible tragedy for mankind would be if Amazon ever floundered under the weight of its debt and the current intolerant market environment and lack of financing. |
