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very interesting
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The economic downturn is already priced in. This likely signals the expectation of reduced corruption opportunities.
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@BroDrillard I tend to shy away from talking about "pricing in" for complex events, it is too undefinable to be verifiable.
I do wonder about the luxury market though. I feel like it is larger than just the scumbags that were grifting. If Hunter is any indication, the majority of them weren't making absolutely obscene amounts - just a million dollars or so a year. And the luxury market is $500B per year, globally.
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@TeaTootler remember, "don't let a crisis go to waste"
a giant depression is a great excuse to show a ton of people the door. And they are used to having a ton of more annoying foreigners to act as a buffer.
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@sickburnbro Black Friday being total dogshit was a signal, plus I knew the Jews were going to wait until Trump was in office before pulling the rug