"so you financed a $13.99 Burrito on DoorDash but still remain bullish on the economy?"
Discussion
Born to early explore the stars, born just in time to finance pizza from Dominos.
Something smells amiss
Collatorized burrito obligations was the best thing I read yesterday.
We're in a burrito bubble, and it's a matter of time and interest rates before the thing bursts! People will start getting off their asses and making burritos at home eventually if the Fed keeps rates at their current level. The only thing that's propping up this burrito bubble is artificial soybean oil stimulus and bean bond purchases. But we all fuckin' KNOW where that toxic credit ends up. To the fat cats who already have enough Calories, while the starving plebs can barely afford their steak and eggs. Something has to give. Y'all have been hitting the sauce too hard if you think the burrito market is healthy. I'm buying burrito default swaps and crunchwrap puts, man, not as a major part of my portfolio, but as a hedge. It's gonna burst and all the beans and toxic Taco Bell crunchwrap guts are gonna come pouring out on people who aren't financially or tortillaly prepared.
Theres this place near me that makes burritos too big to fail
It is better than mine, though I was trying to use CDO like Collateralized Debt Obligations. π
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I think this is because DoorDash has become so expensive due to delivery costs, fees, and taxes that the company wants the amount someone pays at checkout to more closely resemble the price of a meal and not be 2-3x as much. People can still afford lunch if you go to the restaurant directly.