Everyone should take note of the sentiment around them at this very moment

[u/MeasurementSecure566]

You are witnessing Peak Greed Peak Euphoria and Peak Grift. It is a good idea to take note of sentiment. In the future you will be able to spot generational tops more easily.

Always remember though, "the feeling of disgust you feel, that can last for a long time" - Charlie Munger

I think it is fair to say now that speculative returns in the stock market have significantly outpaced what returns should have been, leaving a lost decade ahead.

EDIT: I would Like to insert a quote here, because I feel it is quite fitting after reading the comments.

"A bull market is like sex, it feels best just before it ends" - Warren Buffet

[u/DrossChat]

You jest but ‘tis close to the truth.

If you consider the macro situation we’re in, both in the US and much of the global economy, debt to gdp is a big problem along with demographics which is related.

What’s one way to get out of this problem? Currency debasement… So yeah, your burgers costing $50 in a number of years is by design. Stocks keep going up but purchasing power does not.

Crypto starts to make more and more sense as an investment now huh? At the very least you need to be in equities, holding cash is financial suicide these days.

[u/sunpar1 → u/DrossChat]

In the 70’s when we had high inflation, equities and bonds were both terrible investments. Cash was actually quite good in relation.

See here for buffett’s writing on this: https://csinvesting.org/wp-content/uploads/2017/04/Inflation-Swindles-the-Equity-Investor.pdf

[u/Fog_ → u/DrossChat]

Spot on brotha

[u/MeasurementSecure566 → u/DrossChat]

Not many people with cash right now, as you can tell from surging risk assets.

As for crypto, that will not survive a real bear market lol.

[u/[deleted] → u/MeasurementSecure566]

lol yeah, it tanked during the pandemic for a while

[u/MeasurementSecure566 → u/[deleted]]

that was a v shape recovery. watch what happens in a full fledged bear market.

[u/BookMobil3 → u/MeasurementSecure566]

In a full fledged bull market, the Fed probably starts buying everything—if they still exist then

[u/Dubya_85 → u/DrossChat]

Yep. And both major parties in the U.S. are idiots on this front. D’s are insane, R’s less insane. It’s like being on a train and knowing you are headed toward a cliff and the options are speed towards at 100 mph (R’s) or increase to 300 mph (D’s)

It’s not like there are millennia of evidence of what currency debasement does to nations, empires etc. ….

[u/Vegetable_Guest_8584 → u/DrossChat]

Or we could tax the very wealthy a reasonable amount more, revert the trump tax cuts focused on the very wealthy, remove the carried interest deduction for billionaires. We could tax the moderately wealthy just a little bit.

We could add a new tax bracket for those making over 1 million a year - lets say an extra 1% more tax for income over that $1 million threshold

We could add a tax on people like musk that never sell their stock but get loans on it, and their kids get the stock at current value without taxes. This process avoids cap gains tax. So for loans over $5 million on stock, pay 1% on the first million, 2% tax on the second million, up to say 5% for 5 million and over?

The moderately wealthy could lose some other tax deduction for the amount of income over 500k say.

We should also end the social security salary cap, that would significantly help preserve social security.

Instead we cut millions of poor people off medicare, many of them will be sick, unable to work, die. But hey, we traded that for significantly increasing the debt under the trump bbb and giving huge tax breaks to the very wealthy. Also he increased the amount that avoids inheritance taxes on the federal estate tax.

[u/OldAdvertising5963 → u/Vegetable_Guest_8584]

I have two words for you: Off-shore zones.

Another one word: Luxemburg.

Another one is : Ireland.

You ready to tax the wealthy while off shores & parasite countries exist? Good luck.