I just realized why the “economic boom” story feels very surreal to me (quite apart from any skeptical bias I may have as an anti-Trumper). I can’t put any anecdotal color on it. It’s a boom without a story attached, at least in non-1% blue coastal world. Anyone got anything?
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I'm feeling like there is a complexity shift upward away from tangibility to this weird "because I said so" valuation structure. Like if SoftBank gave you 11b you could turn it into "infinity billion" by laundering it through acquisitions. This is the new winning
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Ie financialization
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This feels very much like living in a time where some structural shift is about to occur that will seem super obvious to anyone who wasn't paying attention and therefore has hindsight to give them the thread. I'm getting strong vibes of 2007 - 2008.
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Remember, a generation ago the middle class spent their money differently as well. Nobody ever spent more than a few bucks for a drink. Nobody ever bought 50 year old whisky or Fancy French wine.
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is this perhaps because you were younger and people tend to be more energetic and hopeful when they're younger than when significant decades have elapsed and people have left a string of tattered dreams and failed relationships behind them?
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