I wonder if this will increase or decrease my chances of getting hired.
Secondary shops flooded with unicorn sellers
81–90 of 158 posts
Re: Secondary shops flooded with unicorn sellers
#82I think that this is just the beginning. In my opinion, we're heading for a tech bust that's going to spread to the rest of the economy, and deflate additional bubbles (housing, for one). The government has been pushing cheap money for the better part of a decade in the name of creating the appearance of a 'recovery', but what they've really done is build a new house of cards. Make no mistake: the 'free' money that's…
The money under Bush went to the Iraq war, which benefited the "big guys", not the small guys. The small guys have yet to ever benefit from anything.
> The money under Bush went to the Iraq war,
Not really. The Iraq and Afghanistan wars together cost something on the order of $750 billion, which was less than one year of stimulus spending at the beginning of the current administration.
Re: Secondary shops flooded with unicorn sellers
#83I worked for a company about 18 months ago and the CEO sent an email to everyone "prohibiting" selling your shares on the secondary market because he was worried about a hostile takeover. None of this made sense to me. You're going to restrict your early employees from making money? No one owns more than .5% so why would one be worried at all? To me it just seemed like another example of a CEO believing their employe…
> why would one be worried at all?
Because the CEO holds less than a decision-making stake to himself? It wouldn't matter that everyone has a tiny percentage if an outside party is willing to spend enough money to buy them all.
Re: Secondary shops flooded with unicorn sellers
#84Earlier quoted context omitted.
Side note: You're considered an "accredited investor" if you made $200k/year in each of the prior two years and expect a similar income in the current year. https://www.investor.gov/news-alerts/investor-bulletins/inve... So, not necessarily just "wealthy" individuals.
Heh, I'm not 'poor' but how in the hell is 199k/year not 'wealthy'?
Because stocks are not flows.
Re: Secondary shops flooded with unicorn sellers
#85I think that this is just the beginning. In my opinion, we're heading for a tech bust that's going to spread to the rest of the economy, and deflate additional bubbles (housing, for one). The government has been pushing cheap money for the better part of a decade in the name of creating the appearance of a 'recovery', but what they've really done is build a new house of cards. Make no mistake: the 'free' money that's…
I predict the bust will happen because the HN/Silicon Valley hivemind so obviously wants it to and so we'll all bet on each other's failure until it is realized.
It really seems like if we all agreed to keep the music playing, the music would continue playing. But once we decide it's going to stop, it has to.
Re: Secondary shops flooded with unicorn sellers
#86Earlier quoted context omitted.
The money under Bush went to the Iraq war, which benefited the "big guys", not the small guys. The small guys have yet to ever benefit from anything.
> The money under Bush went to the Iraq war, Not really. The Iraq and Afghanistan wars together cost something on the order of $750 billion, which was less than one year of stimulus spending at the beginning of the current administration.
> Not really. The Iraq and Afghanistan wars together cost something on the order of $750 billion, which was less than one year of stimulus spending at the beginning of the current administration.
Ignore this person. They don't know what they are talking about.
The estimate cost of the Afghan + Iraq War is estimated to be $4-6 trillion when you account for long-term medical care and disability compensation for service members, veterans and families, military replenishment and social and economic costs.
Source: http://www.hks.harvard.edu/news-events/news/articles/bilmes-...
Re: Secondary shops flooded with unicorn sellers
#87Earlier quoted context omitted.
That's pretty wealthy by most standards, isn't it?
I think the point was that you don't necessary need wealth (assets) for which the threshold is $1 USD Million excluding the value of your primary residence. You can instead have a high income (the $200k mentioned) and zero wealth. I suspect that many more people qualify as accredited under the income requirement than qualify under the asset requirement.
I suspect the opposite
http://money.cnn.com/2014/03/14/news/economy/us-millionaires...
Re: Secondary shops flooded with unicorn sellers
#88I was quite disappointed to find the article is not about actual unicorns :-( Where have all the great journalists gone...
Re: Secondary shops flooded with unicorn sellers
#89Earlier quoted context omitted.
> because in many areas the median house now costs enough that it's beyond the reach of the median person. That environment is unsustainable over a large time scale. "Too expensive" does not equal bubble. It has to be expensive because speculators are driving the price up, thinking they're all fooling each other. As soon as they get get scared that the other speculators might be thinking of selling the price suddenly…
There is no shortage of real estate, and real estate historically is very cyclical. Even in an insane place like SFO, a few high profile failures can shutdown the cash pipeline for all sorts of companies. No cash, no coders, no rent. 2008 proved that when people are underwater, they walk away from mortgages because they see no consequence.
In the 2008 crisis home prices dropped by like 10-15%. The housing market didn't collapse. It's not as if the "bubble burst" and housing was worthless after that.
Re: Secondary shops flooded with unicorn sellers
#90Earlier quoted context omitted.
I predict, that in the future, there will be a recession. Also, at some point, an economic boom. Feel free to quote me on that. I am unable to give exact dates, but there is a 25% chance that it will begin in the spring (what year, I cannot say)
I'll nail it down a little for you. I think it's going to be within two years, based purely on asset valuation : income ... which isn't a particularly sophisticated way to analyze it, but when people can't afford things anymore, they stop buying them, and that has predictable effects.
I think you should both put your money where your mouths are: longbets.org