hearing rumors that consumer finance is likely to implode by spring conduct yourselves accordingly
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eigenrobot Retweeted Kevin
consumer financing = credit cards, mortgages, auto loans implosion would be basically like what happened to housing in 08, severity probably not as bad, probably more concentrated among middle/lower middle/working classes just passing on rumorshttps://twitter.com/kevin_bowen/status/1335388370063638529?s=19 …
eigenrobot added,
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i cannot reveal my source(s) but they're in a position to have good opinions about it
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eigenrobot Retweeted CMCTony
people are losing their goddamn minds source has zero interest in politics and if anything is a boring social conservative whose last opinion was that they were freaked out by the riots and considering buying gunshttps://twitter.com/cmc_tony/status/1335706097492111364 …
eigenrobot added,
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eigenrobot Retweeted Jeff Stein
eigenrobot added,
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Replying to @eigenrobot
For posterity, I made a bet today on your source being right by putting about 10% of my account into gold ETFs, under the assumption those will go up as consumer debt implodes.
1 reply 0 retweets 1 like
it's terrifying to me that people are trading on things I tweet
now mixed between hope for the country that things turn out well and hope for things to go badly so you get rich
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Replying to @eigenrobot
I skipped the part about putting in a couple hours yesterday researching consumer debt and another few hours on assets that would be low downside + good upside before landing on gold. Happy to settle for "not poor" instead of "rich".
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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