Signs of the forthcoming apocalypse

From The Jolly Contrarian
Revision as of 21:13, 8 March 2021 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search
The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Index — Click the ᐅ to expand:
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

In March 2021 it seemed as good a time as any to start compiling signs of the forthcoming apocalypse. Now as we all know apocalypses can stay irrational a lot longer than I can stay sober, so I can’t make any definitive call as to when we are going into the abyss, but, as sure as death, taxes and rice-pudding we are, and there are good signs it must be soon. So, to keep me company while I load up the Oldsmobile with shotgun cartridges and tins of spam, and with feeling, but in no particular order:

  • Bitcoin (1) existing; (2) having a value greater than nil; (3) staying in existence for even after one obviously speculative bubble in 2018 (4) continuing to stay in existence for three years; and (5) having another blatantly obvious speculative bubble, three times bigger than the first one; (6) TESLA blowing a billion and a half on bitcoin at the top of the speculative bubble.
  • Tesla having a market cap of $800bn (the same as the total market cap of the next NINE biggest auto manufacturers)
  • Special purpose acquisition companies.
  • Talk of “liberalising” London’s listing rules to allow for SPACs
  • Non-fungible tokens are selling. Even ones of an artwork actually called “Morons.