I just discovered this incredible collection of NFT's...
It's a utopian/dystopian take on the American Dream/Americana using photo art and generative AI, pushing new boundaries in a warped dream sense of nostalgia.
Since 1980 US median Household Income has lost 89% of its purchasing power in terms of investment in equities. How can a young person make any future wealth when the cards are stacked against them? 1/
They can buy 26% less of a property too....
QE and other monetary policy only makes this worse over time...
The only answer is to find investments that break this trap, offering the upside equities did in 1980, for example or bonds at 18% yields.
One thing I mull over in crypto is hoe deflationary ETH is after only a small increase in on chain activity... 1/
What the hell happens in a bull market when after the Shanghai fork most ETH is not available on the market. Currently only 13% is staked, after the fork it might get closer to the average of 60% (lets say 35% to be reasonable)...
Then add stuff that is off exchanges too. You have a recipe for piece dislocations to the upside and huge volatility. The chart of ETH/BTC is super fascinating on a medium term time horizon...
Well, well, well... it's looking a lot like a possible breakout of the much hated NDX, which is something I've been expecting. It probably needs to clear 12500 to confirm so still on "high alert". 1/
The NDX put in a beautiful monthly DeMark 9 count in October (remember the thread about October being the bear market killer month?)...
And it nicely poked out of the log regression channel and looks to now to recover it, potentially, and resume the uptrend....it also bounced off the pre-covid highs.
In a world of MASSIVE change - a 4th Turning maybe - where our personal economies, finance, politics and our old ways of life are all called into question as the world seeks fresh answers and a new way forward, the rise of "Speculative Communities" has occurred. 1/
These ideas are influenced by the book I am reading "Speculative Communities: Living with Uncertainty in a Financialzed World" by @ariskomporozos suggested to me by @iancr. Im still working through this fascinating book but here are some initial thoughts...
In a world of change where the future is really hard to know but is moving INCREDIBLY fast, the world fragments into communities of like-minded beliefs. That is fairly common and understood.