Nov 2024: I wrote: "Boom, boom boom, and I fired those people, emptied the whole building, but not a whine... its like those people had never existed."
And here we are in August 2025
- The China real estate bubble burst - and nothing happened? Nobody's upset, people havent lost their life savings? Normally, when RE is a big chunk of the economy, and if RE bubbles burst, there is degrowth - how has China continued to grow?
This makes me believe that similar to how nobody expected degrwoth and stagnation in Japan in 1985; this time too, there is degrowth and its like the 4th dimension that nobody can see. - Israel attacked Iran, and the nuke facilities got bombed and no retaliation?
- Nobody cares about Gaza
- People are bugged with Putin, but he just isnt backing down
- Trump announces tariffs on everybody and the US economy still grows?
- The Mag 7 turn from FCF to low FCF and yet they add trillions in market cap?
- The Pvt Credit bubble continues unabated, and nobody cares about NPAs?
- Crypto assets are now mainstream? I mean, it says "Crypto".
Its all very fishy.
Reminds me of when I read this book in 2015; and it took until 2022 or so for the bubble to burst.
Bad!
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