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I just saw about some idiotic cartoon art (Ape Yacht Club) selling at Sotheby's for millions of dollars.
The art world is a scam.
I'm also grateful that most of my stocks pay dividends. I can afford to wait quite a while.
But, I see all around evidence that spending on anything and everything is continuing by those who have money.
We tend to focus on those who don't have money, who are numerous.
Inflation and housing cost increases is definitely affecting those people.
But, why is housing rising so fast? People who have a lot of money are in bidding wars. Unfortunately for us, some of them are foreigners from places like communist China.
I just saw about some idiotic cartoon art (Ape Yacht Club) selling at Sotheby's for millions of dollars.
Musk just spend $44 billion on a bullshit company which censors people, he wants to "fix" it.
There is just so much money floating around seeking a place to go that I don't think stocks will stay down.
A house in Miami is for sale for $170 million; the number of houses worth $1 million+ in Florida is staggering.
People are buying tickets to see fucking Grand Funk Railroad for $500 from scalpers; are you kidding me?
I may be completely wrong of course; this is the nature of the stock market.