The Game Stop Fairy Tale And Its Lesson

Posted by Michael Lebowitz

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The Fed has charged the investment atmosphere. Today’s investors view markets as get rich quick schemes. Stories of investors turning thousands into hundreds of thousands litter social media. The problem is that such behavior is not natural nor sustainable. It relies on ever-growing amounts of monetary and fiscal stimulus, which are not sustainable.

There is another vital aspect. Capitalism provides better living standards for more people when it is most efficiently run. A core component of capitalism is how productively capital is used.  Ask yourself, is capital being deployed most productively?

The casino may stay open for a while longer, so enjoy it while it lasts. Make no mistake, the doors will close, and gamblers will be trapped.

This time is not different!

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