“Dry January” of 2023 and the end of speculative bubbles? – Finance

In this regard, like my colleagues at the French economic daily “Les Echos”, I wonder if we should not wish to free ourselves from speculative bubbles. You know, those are the bubbles that first form in our brains that convince us for months, even years, that the upward curve can only know one direction: forever up. 2022 showed us that trees do not rise to the sky as the stock market says.

Look at Tesla. The iconic car brand lost more than 70% of its stock value in 2022. Not so good for Meta, the new Facebook. More than two-thirds of the valuation of this mega-company went up in smoke. In other words, in 2022, the electric car bubble has burst. In the meta example, the tech stock bubble did the same thing. And let’s not forget the bubbles called cryptocurrencies, which are more like crypto-assets. Those who wanted their money back realized in 2022 that Bitcoin and its younger brothers and sisters were at the center of a giant credulity bubble dawning with very technical terms to hide sometimes simple scams, as we saw with the bankruptcy at the end of 2022. FTX exchange platform.

We can say this in hindsight 2022 was the year when several bubbles burst. That’s a pretty good sign for 2023, even if no one is sure yet that the real estate bubble won’t burst one day soon. Which wouldn’t be such bad news. It’s surprising to say this, but the media often focuses on real estate prices and considers any form of depreciation as a disaster. Yes, for adults, but for the youngest, on the contrary, it would be a salvation. Young people are our future, they build tomorrow’s economy. He will pay our pensions. But he is often deprived of housing because it has become unaffordable. We also forget that expensive real estate prevents small businesses from flourishing due to high rents. In short, bubbles are not necessarily as deadly as popular belief. It is even sometimes useful in the stock market.

But like my colleagues at Les Echos, we must remember that a speculative bubble is not born of the Holy Spirit. It often comes from our being sheepherders. We refuse to see the obvious, often we all act the same way and often think through other people’s eyes.

Darren Hardy, one of the top experts in the world of entrepreneurship, recommends avoiding this to remember three numbers: 18 – 40 – 65. Indeed, at the age of 18, we care a lot about what other people think of us. At the age of 40, we are a little more mature and finally able to separate ourselves from the opinions or opinions of others. At the age of 65, we finally realize that others have never thought about us and really don’t care about us at all. So, to avoid speculative bubbles or just social failures, I suggest you remember these 3 numbers for 2023: 18 – 40 and above 65! Basically, getting rid of our bubbles is perhaps the new way to have a real “Dry January”.

In this regard, like my colleagues at the French economic daily “Les Echos”, I wonder if we should not wish to free ourselves from speculative bubbles. You know, those are the bubbles that first form in our brains that convince us for months, even years, that the upward curve can only know one direction: forever up. 2022 has just shown us that trees don’t grow to the sky as the stock market proverb says. Look at Tesla. The iconic car brand lost more than 70% of its stock value in 2022. Not so good for Meta, the new Facebook. More than two-thirds of the valuation of this mega-company went up in smoke. In other words, in 2022, the electric car bubble has burst. In the meta example, the tech stock bubble did the same thing. And let’s not forget the bubbles called cryptocurrencies, which are more like crypto-assets. Those who wanted their money back realized in 2022 that Bitcoin and its younger brothers and sisters were at the center of a giant credulity bubble dawning with very technical terms to hide sometimes simple scams, as we saw with the bankruptcy at the end of 2022. 2022 was the year when several bubbles burst. That’s a pretty good sign for 2023, even if no one is sure yet that the real estate bubble won’t burst one day soon. Which wouldn’t be such bad news. It’s surprising to say this, but the media often focuses on real estate prices and considers any form of depreciation as a disaster. Yes, for adults, but for the youngest, on the contrary, it would be a salvation. Young people are our future, they build tomorrow’s economy. He will pay our pensions. But he is often deprived of housing because it has become unaffordable. We also forget that expensive real estate prevents small businesses from flourishing due to high rents. In short, bubbles are not necessarily as deadly as popular belief. It is even sometimes useful in the stock market. But like my colleagues at Les Echos, we must remember that a speculative bubble is not born of the Holy Spirit. It often comes from our being sheepherders. We refuse to see the obvious, we often all act the same and often think through the eyes of others. Darren Hardy, one of the best experts in the world of entrepreneurship, recommends avoiding this to remember three numbers: 18 – 40 – 65. Indeed, at the age of 18 we care a lot about what other people think about us. At the age of 40, we are a little more mature and finally able to separate ourselves from the opinions or opinions of others. At the age of 65, we finally realize that others have never thought about us and really don’t care about us at all. So, to avoid speculative bubbles or just social failures, I suggest you remember these 3 numbers for 2023: 18 – 40 and above 65! Basically, getting rid of our bubbles is perhaps the new way to have a real “Dry January”.