01-25-2021, 05:10 PM
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Johnny MaZilli
Member
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Join Date: Nov 2015
Posts: 4,152
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Quote:
Originally Posted by Wid_Conroy
my 2 cents is this all has to do with the Fed pinning interest rates to zero and keeping them there for the foreseeable future. This is driving a ton of money into all types of investments, each riskier than the next. cards, like art have become an investment to many.
$3k for a PR green cobb is no more crazy than $900 for Tesla stock or 3 times whatever SPAC XYX was worth the day before.
while many are struggling, many more are flush with cash and being purposely pushed out the risk spectrum by the Fed.
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Absolutely Correct !
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