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Jesse Colombo
@TheBubbleBubble
, 4 tweets, 2 min read Read on Twitter
Pinterest is yet another multibillion dollar profitless unicorn like Lyft, Uber, WeWork, etc. This unicorn phenomenon is a byproduct of central bank stimulus. It's nothing more than a bubble. Most unicorns and startups will prove to be malinvestments.

There are so many of these damn unicorns popping up out of nowhere that it's impossible to keep track of and comment on them all.

But here's the only thing you need to know: they are acting as a holding container for central bank liquidity that is sloshing all over the globe.
I feel like I'm playing "whack-a-mole" with all these damn unicorns. They can all go to hell, as far as I'm concerned.

I hate them because I know what they represent: the coming economic depression and mass human suffering.

You can read my thoughts on today's unicorn/startup phenomenon here: zerohedge.com/news/2019-03-2…
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More from @TheBubbleBubble see all

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Jesse Colombo
@TheBubbleBubble
Incredible. Businessweek's new cover asks "Is Inflation Dead?":

Businessweek's new cover comes just days after I wrote a detailed piece explaining how everyone is fooled by the "low inflation" myth and that inflation is in asset prices (ie., dangerous bubbles). See my take:

zerohedge.com/news/2019-04-1…
This "low inflation" myth is a meme that is absolutely everywhere now. It's causing economists to demand that interest rates stay too low for too long even as asset prices are bubbling up to the moon.

Economists are *completely* ignoring asset bubbles.

Read 4 tweets
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Jesse Colombo
@TheBubbleBubble
Want to know why the poor and middle class can no longer afford college and higher education? The answer is found in the chart below.

The dollar used to be backed by gold. Now, it's not backed by anything, so it has lost much of its value, causing the cost of living to soar.
Stop blaming capitalism for the failures of fiat ("paper") currency!

That's what Bernie Sanders, AOC, and Elizabeth Warren do. They are wrong.

We need to stop listening to them and start listening to people who advocate for sound money & free markets.

Want cheap college & healthcare? The answer is free markets and sound money that is actually backed by something and can't be debased/devalued/printed.

Socialism is only going to drag us all down. We'll all be poor together. That's the wrong path, folks.

Read 4 tweets
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Jesse Colombo
@TheBubbleBubble
Economist Stephen Roach: the Fed needs to continue raising rates to break the US economy's 20-year dependence on asset bubbles: project-syndicate.org/commentary/fed…
I agree with him on this, but we should not be naive about the effects of tighter monetary policy when there are so many asset bubbles that have inflated around the world. You can't taper a Ponzi scheme...

After a decade of record low interest rates and quantitative easing, the global economy is absolutely saturated with malinvestments, bubbles, and other distortions.

Tightening monetary policy will expose those distortions, leading to a crisis:

forbes.com/sites/jessecol… $TLT $IEF
Read 4 tweets

Related threads

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Kyle
@HNIJohnMiller
1) Alright shitbird, I gave you every opportunity to back down. Now, you’re going to keep up the ‘wahhhh stop running to your followers’ nonsense, but really, I’m doing this because I didn’t want to shit up War Economy’s notifications with our dick-swinging contest.
2) See, I’m not sure if you realize this, but having some argument completely unrelated to you in your notifications is actually annoying as shit.
3) Now, I say you probably don’t realize this because obviously hardly anyone ever talks to your dumb ass on twitter. Had your account 4 months longer than me and apparently people STILL don’t find your ass interesting
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Citizens' Media TV 🦉🌹
@citizensmediatv
1/ If you really want to #LearnMMT, then you need to understand reserve accounting. [THREAD]

You and I have a bank account at a local bank.

The bank (via its corporate headquarters) has a bank account at the central bank (CB). The CB is the BANK’S bank. There is none above it.
2/ Let’s start from our point of view. I have a bank account at Wells Fargo (WF) on Main Street in my town. A bunch of individuals and local business have accounts at this local WF branch. Let’s say there’s a total of $300 million in all the bank accounts at this one branch.
3/ In some other more wealthy town, there’s another local Wells Fargo branch that has a total of $2 billion in bank accounts for all their individual and business accounts.
Read 37 tweets
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Jeff Morris Jr.
@jmj
10 Product Predictions for 2019:

1. Instagram will become a full fledged e-commerce destination by launching the IG marketplace for buying clothes, furniture, consumer electronics, and cars. Payments will eventually be powered by the Facebook stablecoin amongst other options.
2. AirPods will continue their dominance as the most important AAPL product since the iPhone. We will see new use cases and social networks emerge as Apple opens up the AirPods API.
3. Multiple scooter companies will run out of $ as seasonality & tighter financing conditions are better understood in the spring. Uber will make an aggressive attempt to acquire the winner.
Read 10 tweets
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ʜᴀʀᴇɴɢ ʀᴏᴜɢᴇ
@hareng_rouge
$INS seems popular today. You'll note marketing costs have risen 32% year on year.
..$INS seems popular today. You'll note it hasn't been much affected by the wider market gyrations and that today's volume is 5x the daily average. Looks like someone wants in.
I have a feeling that the machines may be unable to comprehend the implications of Intelligent Systems' $INS 8-K today.
Read 9 tweets
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Yorick de Mombynes
@ydemombynes
Here are my favorite quotes from this amazing book. #THREAD
1. "Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties"
2. "While Bitcoin is a new invention of the digital age, the problems it purports to solve - namely, providing a form of money that is under the full command of its owner and likely to hold its value in the long run - are as old as human society itself"
Read 137 tweets
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Jay McKenzie
@JamesFourM
Torshin was named the deputy governor of the Central Bank of Russia in 2015. More in here about his connections to the NRA, Trump family and the Russian mob, but there's more.
elpais.com/elpais/2017/03…
Yandex. Money is non-banking credit organization operating under a license issued by the Central Bank of Russia (lifetime NRA member Alexander Torshin is the deputy governor of this bank).

Here's a Yandex and Sberbank venture back in 2013.
archive.li/zSIza
Also, the majority owner of Sberbank is the Central Bank of Russia.
en.wikipedia.org/wiki/Central_B…
Read 11 tweets

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