Reckless monetary policy has produced the everything bubble and lead to hyper financialization of the economy. Malinvestment is the result:
Investors will be shocked by the extent of the coming deluge in bankruptcies as the cost of capital normalizes for narrative driven, valuation free, hot air balloons. Tiger Global and many other funds will close. $ARKK, rather than #oil, is likely to hit @CathieDWood $12 target.
Talk about a misallocation of resources. We have too much of this:
And not enough of this:
Long energy $XOP and the truth vs short @CathieDWood, $ARKK, TIGER GLOBAL, @jimcramer @CNBC @RaoulGMI #btc #crypto @chamath and bubble narratives. #COM @CornerstoneOil @agnostoxxx @SHOPGod2 @WhiteTundraSG @biancoresearch LETS GET REAL
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