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The economy is the biggest bubble in world history, says Robert Kiyosaki

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Re: The economy is the biggest bubble in world history, says Robert Kiyosaki

#41

Post by opportune »

rcarr wrote: post #26
dehrmann wrote: post #18

The term "bubble" gets misused a lot, to the point that they describe any asset appreciation that might be due for a 30% correction as a "bubble." Tulips were a bubble. Dot-coms were a bubble. Housing in 2021 wasn't because prices were driven by real market forces (asset appreciation elsewhere, low interest rates, increased demand for housing due to WFH), not just a speculative mania backed by hopes and dreams. I lik…

I thought the main difference this time is that it’s not just one bubble like tulips or tech but the fact that multiple important industries are all in bubbles creating in effect a super bubble that surpasses all others? https://www.gmo.com/americas/research-library/entering-the-s...

It’s just the credit cycle, not a bubble, simply the consequence of low cost of capital. It is deflating already and as the parent said it’ll likely be a correction rather than a true bubble pop, outside of maybe a few sectors like crypto or early stage public companies

Re: The economy is the biggest bubble in world history, says Robert Kiyosaki

#43

Post by robocat »

georgeburdell wrote: post #8
jstx1 wrote: post #2

Maybe it is but the guy is a snake oil salesman who doesn't deserve more attention for saying this.

He’s the author of Rich Dad, Poor Dad, right? I know a few people who were helped by his book. What is your issue?

I learnt two things from that book: passive income is awesome, and spending money on status is rubbish. Those two things seem trivially obvious, however coming from a background of being an employee, I didn’t “know” them.

I credit that book with helping me become financially independent - now living on passive income from a business started 16 years ago.

If you learn one valuable thing from a book, that makes a book valuable, I think.

I don’t swallow some of his modern pondering such as this one on the economy, but neither do I dismiss his opinions just because he wrote a “simple” book. I find his outlook interesting, and I generally agree that something is turning to shit. I don’t think that means avoid all equities, but it does mean selecting equities that don’t crash if the world economy burns.

Re: The economy is the biggest bubble in world history, says Robert Kiyosaki

#44

Post by taolegal »

Let's face it: central planning has had a horrible track record. Every centrally planned & highly regulated sector of the economy is broken. Whether it's housing, energy, education or healthcare it all sucks, regardless of the govt you've got running the show.

Govt provided services pumped full of govt created fiat inevitably turn to completely crap quality.

Re: The economy is the biggest bubble in world history, says Robert Kiyosaki

#45

Post by skorpeon87 »

dehrmann wrote: post #17
JKCalhoun wrote: post #9

Earlier quoted context omitted.

He recommends you invest in gold, silver, Bitcoin. I'm hearing "One of these things is not like the other..." playing in my head.

Silver because of industrial uses?

No post body was provided.

Re: The economy is the biggest bubble in world history, says Robert Kiyosaki

#46

Post by engineer_22 »

dimal wrote: post #39
engineer_22 wrote: post #15

Economy is clearly on shaky footing. My child has a sore throat, and my doctor tells me there's an antibiotics shortage. First time in my young life I've heard of an antibiotics shortage. I work in construction, housing, and there are materials shortages causing price increases and delays. My parents are talking about retirement, how the recent crash has made them reassess their position. I remind them there's a lot…

How much of those shortages are simply from the supply chain crunch? I keep reading how that is easing.

I don't know, but I'll be glad when things are back to normal

Re: The economy is the biggest bubble in world history, says Robert Kiyosaki

#47

Post by LadyCailin »

FollowingTheDao wrote: post #33
chrisbaker98 wrote: post #24

Skin in the game. If he thinks the economy is going to crash, he can put his money where his mouth is and short the economy so that he stands to lose something if his predictions are wrong. Until then, I don't care what he predicts.

This is probably one of the most foolish statements I always hear on HN and it is also a logical fallacy. Also, you have no idea what his position with the market is. When people talk like this, IMHO, it is out of a fear of something they do not want to believe. Over a year ago, Sept 21, 2021 he said: "Giant stock market crash coming October. Why? Treasury and Fed short of T-bills. Gold, silver, bitcoin may crash too…

So what I’m hearing is, he got 1 out of 4 points right. Why is he worth believing again?

Re: The economy is the biggest bubble in world history, says Robert Kiyosaki

#48

Post by eugeneagyeman »

engineer_22 wrote: post #15

Economy is clearly on shaky footing. My child has a sore throat, and my doctor tells me there's an antibiotics shortage. First time in my young life I've heard of an antibiotics shortage. I work in construction, housing, and there are materials shortages causing price increases and delays. My parents are talking about retirement, how the recent crash has made them reassess their position. I remind them there's a lot…

Tbh as an aside why prescribe a child an antibiotic for a sore throat?

Re: The economy is the biggest bubble in world history, says Robert Kiyosaki

#49

Post by JackFr »

FollowingTheDao wrote: post #33
chrisbaker98 wrote: post #24

Skin in the game. If he thinks the economy is going to crash, he can put his money where his mouth is and short the economy so that he stands to lose something if his predictions are wrong. Until then, I don't care what he predicts.

This is probably one of the most foolish statements I always hear on HN and it is also a logical fallacy. Also, you have no idea what his position with the market is. When people talk like this, IMHO, it is out of a fear of something they do not want to believe. Over a year ago, Sept 21, 2021 he said: "Giant stock market crash coming October. Why? Treasury and Fed short of T-bills. Gold, silver, bitcoin may crash too…

> Treasury and Fed short of T-bills.

What does that even mean? Is there a typo I don’t understand?

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