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Demetri Kofinas on 'Financial Nihilism'

Barron's Advisor

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Is the Memetic Desire of the Meam Stock a Mean Stock?

A company that was either a near bankrupt or probably should have gone bankrupt as a result of the pandemic. Yet it became a mean stock and the price sky rocketed. I think what is new in this context is, besides the narcisism, is the, again, moral decay. Marks have become like a casino, and savers have become speculators, they become gamblers. And that's not good for the long term health of any economy or any society. But all of these are driven by, by, you know, a select number of forces. The government has chosen to address that by way of financial repression,. making it really impossible for people to save.

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