I’m trying to imagine the future when we live in a decentralized energy economy (small local nukes, hydro, landfill gas, etc) that scales along side local food production and cheap transport (rail, lakes & rivers). What use will cities have? Will anybody want to live in them? I think Kunstler’s ideas have merit, he just has always ignored the problem of fiat Monopoly money in his calculations.
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy hypothetical (based on musings by Dave Collum)
Inflation and end of credit cycle squash equity valuations back to historical trend and briefly below in the 2030s
All the financial engineering such as indices, buybacks etc fail to attract enough capital to sustain monster valuations. NVDA etc crash back to reasonable P/E.
Can you imagine how much salt there will be with BTC $2M S&P $2000
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