As usual, Wolf’s excellent graphs show the end of the “pandemic” project. This was planned as a two-year project, March 2020 to March 2022. A specific set of stock demons were scheduled to Zoom up during the two years. Zoom, real estate flippers, delivery services. They knew the schedule, so they knew when to pull out and pop the bubble. Now the usual war demons are back on top.
I got curious to see how the Substack finance authors were handling this predictable crash. Despite public impressions, most Substack authors are rigidly establishment. Only a tiny handful are contrarians. Unsurprisingly they’re all saying Buy The Dip!!! Infinite Potential in Bitcoin!!!
What’s more interesting is their subscription prices.
The definite norm in most subjects is $5 per month, with a secondary norm at $7. All prices are in integer dollars.
In the finance realm, prices START at $14.99 per month and go up through $49.99 to $199.99 per month! No integers, all 99s.
Which authors are confident that their readers are math-illiterate suckers?
= = = = =
And speaking of sucking and suckers and pricing, I got this email just now, which marks the end of the project in the same way as Wolf’s graphs: