Conspicuous spending is defined as the purchase of goods and services primarily for showcasing one’s status and economic wealth to society. It is a display of power.
China is making Big Brother come to life. Read my report on ‘China’s Social Credit System: Combining Modern Technology with Country Governance’
My belief is that in 20-years, people will look back to 2019 and laugh and say “I can’t believe some people were betting against Musk.”
Generally, an inverted yield curve signals a potential recession that will occur anywhere in the next 12 to 24 months. So is it time to panic?
“A frictionless market is a theoretical trading environment where all costs and restraints associated with transactions are non-existent.”