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Joined 2 years ago
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Cake day: July 7th, 2023

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  • Conspicuous consumption doesn’t really hold in this case because the alternative is around the same price.

    I’d also question any claim about the dating partner. Maybe a study said it has an impact, but I doubt it’s a strong impact on evaluation of a potential partner. By all means, I’d love to see the source for that

    You also cite an example of what was basically a meme. Literally nobody bought that app (and iirc those who were tricked got their money back)



  • I’ll agree with what others are saying about speculation but I’ll add a few points…

    Meme investing. People just buy shit now. You can download Robinhood or any other free app and buy something you read about because you feel like it. That’s a lot different than traditional stock valuation. And in some cases (GameStop?) the public can have such force that it massively overwhelms traditional stock valuation

    The other point is that businesses will still function. Will it suck to have a 20+% tariff? Yes. Will in end a massive global corporation? No. A trade war can’t kill multinationals because they have a foot in both sides, in a sense (that’s a crazy oversimplification)