Another side of the same coin. Too much money in too few hands flowing without accountability or any market discipline. Nonsense easily turns into grift.https://twitter.com/wooldridgemike/status/1130168202581958657 …
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and then came UBER ...
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Never changes, always the golden rule. Those with the Gold, make the Rules.
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And here I thought the market was merely skewed by medallion scarcity... /sigh
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This reminds me of the part of The Jungle where the Rudkus family realize they've only been paying interest while the debt continued to compound with abandon, until...boom
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Ditto
#stocks. Hasn't that been similar bubble - soaring prices in recent years, while good-wage jobs largely vanished and keep on vanishing? Aren't stocks pure gambling - and an obvious bubble now?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Infuriating, and like housing meltdown both sides are conning each other and playing musical chairs until the cards collapse. Seriously, guy with reported income of $22K in NYC has somehow stashed $100K down towards $800K+ loan he’ll pay off in THREE years?!
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The NY Times reporting on this has been phenomenal. But we have to stop making excuses for people on both sides of what truly was a scam. No one forces you to sign your name to something to good to be true.
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