It's a bubble, right?

Amazon
tpam

Go to company page Amazon

tpam
Aug 10, 2021 19 Comments

Sorry for the catchy title, but I think to myself, all this wealth created in stock market and housing has to have come from somewhere right? Would believe that stimulus checks wouldn't alone have contributed to this as those who got the checks, needed it.

So question is, where did all this money come from? How long can this keep going?

TC: 235k
Yoe: 4

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 TOP 19 Comments
  • Google
    bbbbingo

    Go to company page Google

    bbbbingo
    It’s the debt wealth inflation cycle. It’s never ending. It only self corrects (major corrections like 2008 or minor corrections like 2001)
    Aug 10, 2021 2
    • Investment Bank
      Glinda

      Investment Bank

      PRE
      HP
       Glinda
      Yes, Twilio, historical corrections too. WWII started a long period of economic growth.
      Aug 10, 2021
    • New
      schoop

      New

      schoop
      Yes, but without the hardcore demon peeps working at nuclear theory and doing cool stuff at warfare
      Aug 10, 2021
  • Borrowed and printed. Once the economy recovers sufficiently, interest rates will get hiked and the printing press will stop. That’s when things will correct.
    Aug 10, 2021 2
  • Apple
    aWVt68

    Go to company page Apple

    aWVt68
    4 yoe were lucky to make $100k just 10-13 years back. Now you are making $235k which is almost 2.5x increase in comp.
    Aug 10, 2021 3
    • New
      schoop

      New

      schoop
      but the girls at those communities where tech is based at aren’t getting any more attractive 😳

      seems pretty sus to me
      Aug 10, 2021
    • Apple
      kooolll

      Go to company page Apple

      kooolll
      Housing price more than doubled in tech areas during that time and the dollar has been devalued. Banks and other places are increasing the salary significantly more this year for inflation. Even the salary for lawyers and doctors has gone up significantly over the past 10 years. Tech salary actually has not increased much sine Covid ironically when tech companies had the best days.
      Aug 10, 2021
  • Money went to the wealthy and to china. Do not give money to poor ppl as they buy TV's, phones, watches and other chinese made items
    Aug 10, 2021 2
    • GE
      whoopy

      Go to company page GE

      whoopy
      Funny. Are you thinking that rich people don’t buy twice as much?
      Aug 10, 2021
    • New
      EPnL02

      New

      EPnL02
      Yeah if I'm making 10x what my friend who works at McDonald's make I invest 30 percent 10 to bills and the other money on junk
      Aug 10, 2021
  • Amazon
    dontLookUP

    Go to company page Amazon

    dontLookUP
    My friend’s economics professor apparently said, an economy is a means to take resources from the poor and give it to the rich.. and that guy is supposed to be some economics genius.. everything is targeted to make you buy stuff.. the 99.99% buy the 0.01% sell.. now go home, renew your amazon prime and buy cheap Chinese sh*t
    Aug 10, 2021 0