Nerijus, what are the events in financial markets which keep surprising you nowadays?
Asked by Justas Janauskas
So many things surprise, astound and humble me this year! We are witnessing once in a generation shift in economic paradigm. For example, government debt no longer matters, they can be insolvent and still get money for free (because if no one else will, central banks will print and lend them the money).
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Hey Andrew, I can support you by sharing how I learnt to read financial statements and create a story behind securities' valuation methods. But I would rely on people who spent time professionally and have the right credentials to educate about investing.
Two of my favourite bubbles have merged! :)
Bitcoin transactions consume close to 100TWh energy per year, most of it produced in coal-fired plants. It will be harder for Musk to pretend it is all about saving the planet.
But it is not completely unexpected - losing market shares, revenues stagnate, can’t make profit selling cars, what is there left to do? Speculate in cryptocurrencies, of course.