Re:Here's How Bored Rich People Are Spending Their Extra Cash
by centrinoblue on Saturday March 20, 2021 @08:50AM
(#26522850)
I keep an eye on the annual Barrett-Jackson classic car auction (starts this week) to gauge things. Values got pretty stupid just before the crash in 2008 https://www.barrett-jackson.com/
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Re:Here's How Bored Rich People Are Spending Their Extra Cash
by Guest42 on Saturday March 20, 2021 @09:17AM
(#26523005)
That seems like a great leading indicator. For a while Iād follow a few levels of real estate but the activity has seemed pretty strange and not very aligned to many other trends. I think the very large apartment companies using fancy stat models for pricing that update almost daily have moved interestingly too in both directions.
Re:Here's How Bored Rich People Are Spending Their Extra Cash
by chrisfinne on Saturday March 20, 2021 @09:25AM
(#26523066)
That is a clever indicator, although the muscle-car generation is passing on, so less demand. Similar to the Model A/Model T crowd 30 years ago.
Another classic indicator is when your cab driver gives you stock tips.
But I figure now it's Uber driver giving crypto tips.