Tiny Bubbles, Tiny Bear Markets

This post is by Howard Lindzon from Howard Lindzon

I believe we live in this era of tiny bubbles and tiny bear markets.

I imagine it is from the wacky cocktail of technology and endless government money printing. COVID mixed in has juiced the tiny bubbles and tiny bear markets.

Gamestop seems like a tiny bubble. NFT’s as well. Same with certain blockchains.

On the bear market side…oil went negative last year.

Gold is in its own tiny bear market but may be emerging.

It seems like every global macro thinker can only look at the world ending from all this. I gave up paying much attention to global macro thinkers 20 years ago and it has saved me a lot of aggravation and money. I do still like checking in on a few after I have had a good run though just to make sure they have not flipped to being bullish. That would make me nervous!

I really liked this post from Zen Second Life titled ‘Life Outside The Corporate Matrix’. It is well written, thoughtful and very dark. Here is a taste:

In 2020, the U.S. became 100% Japanified. Meaning that the economy and markets are now fully dependent on dramatic and ongoing stimulus. This means that the U.S. is now locked in a perpetual boom and bust cycle similar to Japan and China. This rally from the March 2020 lows is merely the first sugar rally, but by no means the last. This year, the U.S. national debt will grow four times faster than borrowed (Read more...)