Is There a New Dotcom Bubble?

After another 2 sessions of blah blah this week (FED and ECB), the NASDAQ continues irrationally climbing. Inflation is going through the roof and interest rates are still really really low, in real terms interest rates are in negative territory.

Take a look at Snap, for instance... this "thing" collapsed a few months ago after releasing earnings and the stock tanked to 8 USD per share. After the last earnings report the stock collapsed again... but hey... nothing matters. It's surely a great bet.

And that behaviour can be extrapolated to pretty much the rest of the NASDAQ. Insane, haha.

 

Meta still has $80.000 USD million compromised in the Metaverse and VR mess. Zuckerberg tries not to address those figures at investor calls.

 

‘To them, we are like robots. The things that make us human are ground out of you’: the inside story of a strike at Amazon

I hope they are successful and manage to set up a global union at Amazon to stand up for workers' rights.

 

I am very surprised about how Airbnb stock keeps climbing despite the announcement in pretty much all over Europe, that there will be more taxation, and more restrictions on tourist apartments (which, in my opinion, should be banned).

Probably "investors" ignore that... or think politicians will drag their feet (as usual) and it will take forever to have a proper regulation on something that was, from the beginning, plain illegal.

 

I think it is similar to Tesla stock. Their share price should be around $86 based upon them being a car manufacturer, but they somehow are at $267.

 

Big Tech will have to adapt to the new EU regulations:

The Digital Services Act package | Shaping Europe’s digital future (europa.eu)

Inflation is expected to climb again in the next few months, when the increase in energy prices extends to the general economy:

European gas price jumps almost 40% over supply disruption fears

 

China's property sector and the Chinese economy's prospects are starting to look a lot like Japan 1989...

 

Intel did not manage to get regulatory approvals:

Intel Announces Termination of Tower Semiconductor Acquisition

Things getting uglier for Chinese brick:

Evergrande: China property giant files for US bankruptcy protection - BBC News

 

SoftBank wants to get circa $70 billion for ARM, even though Nvidia declined to buy it at that price.

SoftBank wants to get x2 what they paid even though the Chinese market is totally dead and 25% of ARM's revenue comes from China.

 

I think the FED may take interest rates to the region of 7%.

Fed chair says US central bank intends to ‘hold policy at a restrictive level’ until price pressures abate

 

Sad loss:

Ukrainian pilot who led push for F-16s dies in training exercise

If politicians had common sense they would make all the parties involved sit together, talk, and stop the nonsense in Ukraine striking some sort of deal. That would be the best outcome for everyone but sadly that won't happen, so there will be another decade of war ahead.

 

Of course in the end nothing will happen to Amazon. In the EU they never pay fines and sanctions... it's just ridiculous.

Amazon threatened with legal action over sales of ‘unapproved’ drugs

 

I hope those useless EU polticians make Big Tech comply with the law this time:

EU aims to curb Big Tech as it lists services to be regulated under Digital Markets Act

Europeans have the right not to have their data stolen by US companies.

Consumers should have the choice, when they buy any gadget, to install what they think is best for them, without the device bringing a series of programs and apps pre-installed. Consumers are paying for the device, not for publicity, marketing or to have their data stolen in breach of the law.

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Governments have to take this guy to court for what he did in Uber. There are recordings stating he knew the company was breaching the law. Why are we paying EU politicians if so-called "tech" companies break the law and are not held accountable?

Travis Kalanick’s start-up CloudKitchens fires staff and shuts sites

We do not want dark kitchens in our cities!

 

@Juan and @Ed209, greetings my friends.

Have either of you bought gold? Like a small gold bar?

Just curious as to your thoughts concerning gold.

Well wishes,
Daniel

 

I know you didn't ask me but a lot of investors will generally keep about 5% of their portfolio in physical gold. It's a good hedge against inflation, especially good in these high inflation times. Probably why it's been doing very well recently.

 

@SmallRonnie, I appreciate your input.

I live in South East Asia where gold is super popular. I have never owned gold but like the idea of having a piece of shiny metal.

I like your Yoda image and have followed your posts concerning stem cell therapy.

Stay well buddy whatever you do and see you around the forum,
DL

 

Not me, I am not a fan of gold. I think it would make sense in a country with a weaker currency, although the Euro is going downhill vs the USD: 8 weeks going down...

If Lagarde wasn't the useless clown she is, the ECB would raise rates by at least 50 basis points this week.

 

US politicians must have been greased like their counterparts of the European Commission, who never achieve anything against Big Tech:

Google prepares for biggest US antitrust showdown since Microsoft

The world has never been so unfair, with billionaires not paying anything and the rest, ordinary workers, footing the tax bill.

If Bill Gates Foundation was a real foundation, illegal immigration would not exist because no one would need to to go other countries for economic reasons. Those billionaire foundations are just a way of evading taxes and hiding their fortunes. It's so obvious. But the IRS does not want to investigate them.

 

People queuing to pay twice the price Nvidia declined to pay for Arm. This will not end up well.

Strong demand pushes Arm to close IPO order book early

Big Tech is incredibly overpriced. On the upside, if those companies do not pay any tax or comply with any laws and are NEVER held accountable, this can only end if consumers turn their backs on them.

 

Those German builders did not complain when the ECB spent 10 years printing money non-stop and giving it away with zero interest rates.

German builders warn of crisis as they scrap record number of projects

 

I don't own any physical gold, but I used to buy gold mining stocks back in the day as part of my portfolio. I haven't got anything in gold right now. Sorry for the delay in replying, but I didn't receive a notification to say I’d been tagged.

 

Thanks for getting back to me @Ed209.

I hope you are good.

Talk to you later,
Daniel

 

Maybe it's not so hard to design chips. In my opinion, Huawei makes the best cellphones for the normal user if we look at a quality-price ratio. And those cellphones last. I had one for 6 years...

Huawei makes processor breakthrough in flagship smartphone

 

Booking's "arguments" are just laughable. The usual tech bullshit...

EU regulators have to make these companies comply with the law... and pay their taxes, by the way.

Booking accuses EU regulators of acting unlawfully in blocking Etraveli deal

 

The new EU competition commisioner should look into this too:

Travel website Booking.com leaves hoteliers thousands of dollars out of pocket | Business | The Guardian

 

NYC did the right thing banning Airbnb and I hope Europe follows suit and the major European cities ban Airbnb, which is only bringing grief to their citizens, together with a huge and absurd real estate bubble.

 

The SBF trial is a reminder that crypto is a rotten business. Now the new heavily promoted scam is AI. As it turns out, Google is unable to predict that a commuter train (short distance to the city centre) is heavily delayed, but apparently they own an AI technology that can change the world... both statements are hard to reconcile.

Sam Bankman-Fried trial: what is he accused of and does he face prison time? | Sam Bankman-Fried | The Guardian

 

SBF was just a rotten person; it’s as simple as that. Crypto is just a type of technology that has very useful applications and shouldn’t be tarred with the criminal actions of certain humans. The people committing these crimes have nothing to do with the underlying technology and they would still scam people via other means whether crypto existed or not. Scammers have been around since the dawn of civilisation.

 

Amazon staff in Coventry will go on strike. Good luck for them! They are on the right path to achieve better terms and conditions, and better pay for their hard work.

 

Microsoft says the IRS has demanded $28.9B in back taxes, and they still have to wait for the European invoice of unpaid taxes to arrive.

EU citizens are already sick of paying so much tax while Big Tech pays NOTHING in Europe.