FANG, Bitcoin, and the Housing Market All Point to an Irrational Market

Image result for zuckerberg

We’re all taught that markets are efficient. Yes there are times of irrational exuberance, but we can’t know when those times are, so we should keep investing and weather the storm no matter what.

I’m really concerned right now about the state of the economy and markets in general. The FANG stocks (hence my leadoff pic of Zuckerberg), real estate, and especially bitcoin are really ebullient right now. I look around, and everything I see points to danger. Continue reading “FANG, Bitcoin, and the Housing Market All Point to an Irrational Market”

I Don’t Know When Bitcoin Will Crash, But I Know it Will

bitcoin will crash

Idk if you’ve been following the bitcoin market lately, but holy cow there’s a bubble going on there. I feel very confident in predicting it’s demise, unfortunately I just don’t know when that will occur. Here’s a few anecdotal experiences I’ve had in the past few weeks that make me almost positive Bitcoin’s days are numbered.

Continue reading “I Don’t Know When Bitcoin Will Crash, But I Know it Will”

The Economy is Starting to Worry Me

economy worries me
I’m worried there’s a fog shrouding the US economy

After the past several weeks, the economy worries me quite a lot. I read a story recently that auto loans have hit a new high, especially among subprime borrowers. We’re at $1.1 trillion in auto debt and counting. My student loan business also gives me a first hand look at the mounting but slow boiling student debt crisis. I believe we’re currently at $1.5 trillion in student debt in this country. To top it off, Snapchat just put out an IPO at a $24 billion valuation, and that seems like it’s too low since the price went from $17 a share to $24 a share in initial trading. Call me negative nancy, but the economy doesn’t feel good to me right now.  Continue reading “The Economy is Starting to Worry Me”