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Name:
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MartiniMan
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Subject:
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PE 178
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Date:
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5/17/2022 3:24:08 PM
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I do indeed remember the days but they seem to be long gone. Meme stocks, tech stocks, etc. are all simply crazy. Am reading an interesting book about the history of banking in the U.S. and it is amazing to watch us repeat all the same errors with the supply of fiat money.......designed to allow the inflation of goods and services and hard assets. Problem is the Fed is no better at managing that process than they were in a more lasse faire monetary system in the past and always overshoot on the way up and on the way down. I have Twitter stock but only via index funds. To me they are like crypto.....I don't uderstand the value proposition and so I stay away from them. Let others more open to risk rise and fall with them. The stories of people losing their life savings on crypto are all over the place now that that this market has crashed. I am happy to be old fashioned and make my money through hard work, calculated risk taking and patience.
I think if Musk does buy Twitter it won't be at $54 per share.....something much less or not at all. They are significantly understating the number of bots to inflate the rates they charge advertisers and prop up their stock price. It will not end well if the truth comes out.
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