#1 Some of it seemed Presicent to me.
Garbage? That's a little extreme.
There Does seem to be a big Everything Bubble.
It's not like this sort of thing Never Happened before.
I watched the first ten minutes or so.
Did you?
The main point is that Extreme Concentration of Wealth, combined with high Debt and Leveraged Assets is inherently Dangerous long term.
We are in every single one of the main categories of financial risk.
If the Rich stop Spending... Horde their Money?
Demand in the larger Economy Craters.
Oligarchs are the underpinning of the System.
Their Purchases, large and small, drive the Economy.
7 companies drive almost all the gains on the Fortune 500.
CONCENTRATION.
that's the Problem.