The tweet was deleted by the author.
But we saved everything 🙂.
A crypto exchange has been hacked while a spread betting platform has suspended its activity. Sam Ro notes these developments impact only a subset of the economy. He adds that younger generations, unable to realistically aspire to buying a home, often move from saving to either conspicuous consumption or speculation.
View post on X Loading...
Sam Ro previously noted that stocks have risen historically even during periods of high inflation, citing JPM data in an earlier report here. He has also remarked on details from financial industry events, mentioning the lack of fresh mini bagels at one such gathering here. These observations provide context to his broader comments on shifts in consumer behavior and market participation.