1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.
What an amazing presentation! Loved how @ravidharamshi77 brilliantly started off with global macros & capital markets, and then gradually migrated to Indian equities, summing up his thesis for a bull market case!
@MadhusudanKela @VQIndia @sameervq
My key learnings: ⬇️⬇️⬇️
Bubble or Bull Market? Join us for a short presentation and candid one on one on 27th Jan, 4pm with Shri \u2066@MadhusudanKela\u2069. \u2066@VQIndia\u2069 \u2066@sameervq\u2069 #bubbleorbullmarket pic.twitter.com/LBvlBrz6mS
— Ravi Dharamshi (@ravidharamshi77) January 24, 2021
1. Bitcoin has surpassed all the bubbles of the last 45 years in extent that includes Gold, Nikkei, dotcom bubble.
US market cap to GDP nearing 200%.
5. Global liquidity injection (~$10T) has been more than 10% of world's GPD (~$85-90T) so far, and counting.
9. Market cap to GDP of 100 presently, compared to 139 in 2007. Corporate profits to GDP at just 2.3%, at the cyclical bottom.
Peak economic cycle ✅
peak earnings growth ✅
Peak valuations ✅
Peak fund raising ✅
Peak leverage ✅
This does NOT seem to be the case now.
Economy is strong✅
Earnings beat expectations for many quarters✅
Media is full of good news✅
People are confident, optimistic & greedy✅
Few defaults✅
Low skepticism✅
Euphoria everywhere✅
Again, this does NOT seem to be the case now.
The economic/ market cycle doesn't turn in just 10 months and so we cannot be at the top of the cycle already.
At best, we are at the skepticism stage of this bull market and lot of wealth should be created in the next 3-5 years.
GOD BLESS INDIA!
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This is how Facebook says it's trying to change the engagement pattern on its services. https://t.co/3p0PGc912o
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Zuckerberg says FB is in the process of setting up a "new independent body" that users will be able to appeal content takedowns to. Sort of like the "Facebook Supreme Court" idea he previewed earlier this year.
Zuckerberg: "One of my biggest lessons from this year is that when you connect more than 2 billion people, you’re going to see the good and bad of humanity."
This is how Facebook says it's trying to change the engagement pattern on its services. https://t.co/3p0PGc912o

.@RebeccaJarvis asks Zuckerberg if anyone is going to lose their job over the revelations in the NYT story. He dodges, says that personnel issues aren't a public matter, and that employee performance is evaluated all the time.