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20 sats \ 2 replies \ @Undisciplined 2 Dec \ on: America: The Mother of All Bubbles (Financial Times, Ruchir Sharma) econ
The kernel of truth here is that America could easily cease being the only game in town. If the ruling classes in the rest of the world stopped knee-capping their economies, capital would flow away from America.
That's a big if and it's likelihood is priced in, which doesn't bode well for the rest of the world.
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31 sats \ 1 reply \ @denlillaapan OP 2 Dec
Yup, precisely.
Then again, if things were different I would probably have a different opinion:)
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10 sats \ 0 replies \ @Undisciplined 2 Dec
I remember replying to someone, after a frustrating back and forth, "Yep, if things were different, then I would have been wrong."
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