Source: The Approaching Silicon Valley MeltdownTo use the political as an analogy, let’s just say, I believe the newly formed “nation-state” of FAANG will have much more in common with the turmoil in Brazil, Spain, Venezuela, and a few others in the coming months as it continues to desperately cling to the mythical Utopia of magical creatures known as unicorns, and cash out riches known as IPO’s. That “Utopia” has already been found to be a Potemkin Village made of spreadsheet papier-mâché analysis and valuation metrics, not worth the digital paper they’re written on.
Fed, ECB, BoJ, PBOC Balance Sheet + Global Systemically Important Banks + Emerging Markets - Zerohedge
Source: "Get Prepared" For The Chaos To Come, Snyder Fears Global Financial Bear Market Looms - ZeroHedge
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