Oligarchs are rapidly offloading their stock holdings. Jeff Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves. These actions suggest that we may be standing at the precipice of the largest financial bubble in history, which they seem to believe is about to burst imminently.

wsj.com/finance/investing/does…

forexlive.com/stock-market-upd…

breakingthenews.net/Article/Am…

#us #economy

This entry was edited (10 months ago)
in reply to Yogthos

@Yogthos While that might be true, the stock market jumped UP after the election results came out, and it's less than two months away from Trump taking office, so my view NOT the time to get out of the market, but those two stocks in particular again I don't think they have much potential so I'd sell if I had them but my view is Apple's hayday in the computer market ended when Jobs died, and their cell phone market will eventually lose to the Chinese and they know that. Besos has cornered the on-line market and no really good place to expand in to from there.
in reply to Nanook

@nanook the stock market isn't an indicator of much of anything. It's not an economic fundamental.

Capitalist economy fundamentally relies on consumption. Companies need people with disposable income to sell their goods and services to.

A crisis occurs when cost of living outpaces wages, which is what we're seeing now. At that point discretionary spending drops. This leads companies to lose profits, which results in layoffs, and feeds back into the crisis.

in reply to Yogthos

@nanook people without jobs aren't able to service their debts and start defaulting We're seeing this happen now. As a result, banks will be stuck holding bad debt.

This was precisely how the financial crisis played out in 2008. Exact same things are happening right now.

cnbc.com/select/us-credit-card…

federalreserve.gov/econres/not…

Unknown parent

friendica (DFRN) - Link to source

Nanook

@Ashe Dryden @Yogthos In this case I think it's a nothing burger, I think both of these companies have reached their pinnacle, in the case of Bezos Amazon hasn't much left it can do in the on-line market, so they've branched off to brick-and-mortar which makes no sense at all so yea, get out while the getting is good, and Crapple, Jobs is dead so goes the company. M5 might have some value but not enough to carry it forward significantly.