{"id":36800,"date":"2018-08-18T18:06:53","date_gmt":"2018-08-18T23:06:53","guid":{"rendered":"http:\/\/olduvai.ca\/?p=36800"},"modified":"2018-08-18T18:06:53","modified_gmt":"2018-08-18T23:06:53","slug":"doug-casey-on-social-media","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=36800","title":{"rendered":"Doug Casey on Social Media"},"content":{"rendered":"
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Doug Casey on Social Media<\/a><\/h3>\n<\/header>\n
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Joel Bowman:<\/strong> G\u2019day, Doug. Thanks for speaking with us today.<\/p>\n

Doug Casey:<\/strong> No problem, Joel. It\u2019s a pleasure to hear your Australian accent come across the ether from Mexico.<\/p>\n

Joel:<\/strong> Let\u2019s dive right in. A week or two ago, Facebook registered the largest single day loss for any one company in stock market history \u2013 roughly $122 billion. CEO Mark Zuckerberg lost around $15 billion himself, as much as the annual GDP of several resource-rich, West African nations.<\/p>\n

Looking back to 2000, during the go-go days of the dot.com boom, Intel and Microsoft both registered staggering single-day losses, too\u2026 $90 billion and $80 billion, respectively. And we know what happened next in that case…<\/p>\n

So, investors want to know\u2026 is past prologue? What\u2019s next for Silicon Valley\u2019s tech darlings?<\/p>\n

Doug:<\/strong> Talking about losing multiple billions in a single day, it\u2019s really a sign of the times. I remember when the only billionaires in the world were Howard Hughes, John Paul Getty and John Beresford Tipton– the mythical billionaire on a 1950\u2019s-era show called \u201cThe Millionaire.\u201d<\/p>\n

These days, however, it seems everyone\u2019s a billionaire. In fact, there are several thousand<\/em> billionaires roaming the planet today, with new ones being minted almost every day.Of course, much of this so-called wealth is just paper. It\u2019s not real. In fact, it\u2019s pretty clear to me that we\u2019re in a stock market bubble. Which is being driven by the bond market hyper-bubble. And that, in turn, is fueling a real estate bubble, which I believe is just now beginning to deflate in major cities around the world.<\/p>\n

None of this augurs well for the stock market. You\u2019ve got bubbles all over the place. Except in the resource market. That\u2019s the one place that hasn\u2019t inflated. In fact, it\u2019s been going down since it\u2019s last peak in 2011.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Doug Casey on Social Media Joel Bowman: G\u2019day, Doug. Thanks for speaking with us today. Doug Casey: No problem, Joel. It\u2019s a pleasure to hear your Australian accent come across the ether from Mexico. Joel: Let\u2019s dive right in. A week or two ago, Facebook registered the largest single day loss for any one company […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[6227,1493,21290,15980,1169],"class_list":["post-36800","post","type-post","status-publish","format-standard","hentry","category-liberty","tag-doug-casey","tag-facebook","tag-joel-bowman","tag-mark-zuckerberg","tag-social-media"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36800"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36800\/revisions"}],"predecessor-version":[{"id":36801,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36800\/revisions\/36801"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}