The Boomers have all the money. The American Dream of upward mobility is dead to you. That's Financial Nihilism. So if you’re on the wrong end of this, what do you do about it? You f**king gamble. By ET contributor @Travis_Kling. No paywall on this one. epsilontheory.com/financial-nihi…
@EpsilonTheory @Travis_Kling you are killing it, Ben
@EpsilonTheory @Travis_Kling Similar take with the added notion that watching the ruling elite go into Full Extraction Mode (Nancy ‘Stevie Cohen’ Pelsoi etc) is accelerating the risk-seeking. x.com/mikekimelman/s…
@EpsilonTheory @Travis_Kling Similar take with the added notion that watching the ruling elite go into Full Extraction Mode (Nancy ‘Stevie Cohen’ Pelsoi etc) is accelerating the risk-seeking. x.com/mikekimelman/s…
@EpsilonTheory @Travis_Kling Or you break the rules before they break you. Historically in periods of insane wealth inequality, the disenfrenchised eventually decided they had enough of playing the rigged game, picked up the pitch forks and hung all/enough of the profiteers
@EpsilonTheory @Travis_Kling I'm so bullish for my financially nihilistic coins right now
@EpsilonTheory @Travis_Kling A high wage paying job doesn’t cut it anymore Nor does stringing 3 gig jobs together So Roll the dice, baby!
@EpsilonTheory @Travis_Kling For now, financial nihilism is leading to rampant speculation as the common man is swinging for the fences to try to keep up with inflation. But soon enough, when these risk markets correct in a big way, the speculation is going to turn into rioting and looting. That's my fear
@EpsilonTheory @Travis_Kling Don't you just wait for your inheritance to roll in?
@EpsilonTheory @Travis_Kling Excellent article. I see the push back as people have cognitive dissonance when it comes to facing what is actually happening. We have lost our way, all the way up to the “$ printer go brr”. It’s all risk taking to the point of ruin. While real people hold the bag- the empty bag