RESONANCE FM: The Naked Short Club

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(As from minute 40)

RECAP:

• Fugazi Markets: the cases of Tesla and Rivian.

• Bonds as an asset class may be defunct.

• Law of communicating vessels – money naturally flowing into nearby asset classes.

• Accumulation of market cap by some stocks may bring pools of volatility or repricing.

• Policy makers cannot afford too big of a downturn.

• A market in which 2 + 2 = 9.

• The market has lost its ability to allocate resources efficiently.

• New Technologies are coming to the rescue.

• Cryptocurrencies/DeFi and platforms that lend to the real economy are showing the way forward.