The Rich Man’s Bubble is popping and no one gives a f***

Let’s say, for argument’s sake, that the prices for startups, venture funds, luxury San Fran / NYC / Hamptons real estate, atrocious contemporary art, tech momentum stocks, the Nasdaq, the Russell 2000 and “cloud plays”  have peaked for the cycle. Let’s also say – again for argument’s sake because who really knows – that a lot of money gets lost as a result.

So what.

What is the societal impact of the art market collapsing in on itself (as it always does once stocks stop rising)?

What happens to the actual economy if Twitter can’t get back over the IPO print?

What’s the effect on the nation if the Sand Hill Road Maserati dealership wait-list drops back down to 6 months from 10?

I’m going to go ahead and say none. Zero impact.

How do I know?

Because if the inflation of a bubble hasn’t benefited anyone on the way up, how widely can its deflation be felt?

No one else is playing. No one’s in except the 1% and the benefits have largely accrued to the .1% or the .01% anyway.

Unlike the dot com bubble and the housing / credit bubble, this time around there was such exclusivity on the way up that it almost doesn’t matter. Almost nobody got hired as a result of the Rich Man’s Bubble, almost no one got a raise either. In 2000, everyone was daytrading. Not today. In 2006, everyone was financing everything in sight and acquiring homes. Not today.

All we got this time around was a lot of cheap web storage somewhere in the ether, a half-dozen useful (free) apps and a handful of nephews and son-in-laws who were momentarily billionaires on paper. Big f***ing deal.

That the enormous prosperity of the new bubble wasn’t spilling over to 99% of the nation was largely seen as a curse. Maybe now it’ll be seen as a blessing in disguise.

To those who have been playing, I’m sure you’ve done well enough by now anyway. It’s okay.

Sorry if you missed your IPO window. Don’t worry, we’ll blow up another one of these bad boys soon enough.

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

What's been said:

Discussions found on the web
  1. remote controlled vibrator] commented on Mar 21

    remote controlled vibrator]

    […]that is the finish of this report. Right here you will discover some internet sites that we consider you’ll value, just click the hyperlinks over[…]

  2. male vacuum pump commented on Mar 21

    male vacuum pump

    […]Here are some of the websites we recommend for our visitors[…]

  3. gbf commented on Mar 22


    […]always a massive fan of linking to bloggers that I like but do not get a great deal of link really like from[…]

  4. orgasm problem commented on Mar 22

    orgasm problem

    […]we came across a cool site that you just might take pleasure in. Take a look if you want[…]

  5. szybkie chwilowki commented on Mar 22

    szybkie chwilowki

    […]that is the end of this write-up. Here you’ll come across some internet sites that we think you’ll appreciate, just click the links over[…]

  6. vape near me commented on Mar 22

    vape near me

    […]here are some hyperlinks to web-sites that we link to due to the fact we consider they’re really worth visiting[…]

  7. healthy ground beef recipes commented on Mar 24

    healthy ground beef recipes

    […]usually posts some quite exciting stuff like this. If you’re new to this site[…]

  8. Download JK0-017 Certification Dumps commented on Mar 24

    Download JK0-017 Certification Dumps

    […]Every the moment inside a while we pick out blogs that we read. Listed beneath would be the most recent sites that we opt for […]

  9. forex signal commented on Mar 26

    forex signal

    […]just beneath, are many absolutely not related internet sites to ours, however, they may be certainly worth going over[…]

  10. Advertise Online commented on Mar 26

    Advertise Online

    […]the time to study or check out the content or web pages we have linked to below the[…]

  11. amazon product rankings commented on Mar 26

    amazon product rankings

    […]very few internet websites that take place to become in depth below, from our point of view are undoubtedly well worth checking out[…]

  12. Best Gaming Keyboards commented on Mar 27

    Best Gaming Keyboards

    […]Every after inside a when we choose blogs that we read. Listed below would be the latest web pages that we pick out […]