Morning in Arizona

Arizona: Open for Business

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Update on the Bubble

Posted by on | March 2, 2018 | Comments Off

This morning on my short drive to work I heard a commercial that reminded me of the glory days of 2005.  First, it was a commercial for a home equity loan, a pitch that largely disappeared for a decade or so.  Second, though, the pitch said that you could take the money and put in in the stock market or — I am not kidding on this, I think I got it word for word — “buy the dip in the Bitcoin market”.    There you have it:  Borrow against the theoretical unrealized price gain in your home and put it in Bitcoin.  Nothing could go wrong there.

 Update on the Bubble  Update on the Bubble  Update on the Bubble

 Update on the Bubble

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