You are viewing a single comment's thread from:
RE: The Triumph of the Lowest Common Denominator in Modern Capitalism
Great explanation about modern capitalism... I don't ever read such well content about the lowest common denominator in modern capitalism... But from you article i know much knowledge about it... @marketstack
yeah concept of lowest common denominator is borrowed from math and gets talked about some as it pertains to entertainment industry (as is referenced in the video above) but i think the same applies to finance and capitalism as well
really i just was trying to convey that the Fed has made it pretty ez (if you are already wealthy) to make a boat load of money in traditional financial markets by 1) inflating bubble after bubble and then 2) bailing out said bubble over and over and over and over again
this creates the oft talked about "moral hazard" or a"one way bet" where tails i win and tails you lose
thats the dynamic that led to 2008-2009 and whats leading to a crash right now (remember i'm talking about stocks, bonds, not crypto, i actually think crypto will be safe haven in next financial crisis).
Thanks for your valuable information buddy @marketstack